Tuesday, 30 October 2012


P4–46 Loan amortization schedule.
 Joan Messineo borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments.
 a. Calculate the annual, end-of-year loan payment.
b. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments.
c. Explain why the interest portion of each payment declines with the passage of time.




P4–32 Funding budget shortfalls.
 As part of your personal budgeting process, you have determined that in each of the next 5 years you will have budget shortfalls. In other words, you will need the amounts shown in the following table at the end of the given year to balance your budget—that is, to make inflows equal outflows. You expect to be able to earn 8% on your investments during the next 5 years and wish to fund the budget shortfalls over the next 5 years with a single amount.
 a. How large must the single deposit today into an account paying 8% annual interest be to provide for full coverage of the anticipated budget shortfalls?
 b. What effect would an increase in your earnings rate have on the amount calculated in part a? Explain.




P4–23 Funding your retirement.
You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $20,000 at the end of each year for the 30 years between retirement and death (a psychic told you would die exactly 30 years after you retire). You know that you will be able to earn 11% per year during the 30-year retirement period.
 a. How large a fund will you need when you retire in 20 years to provide the 30-year, $20,000 retirement annuity?
 b. How much will you need today as a single amount to provide the fund calculated in part a if you earn only 9% per year during the 20 years preceding retirement?
 c. What effect would an increase in the rate you can earn both during and prior to retirement have on the values found in parts a and b? Explain.




Basic scenario analysis Murdock Paints is in the process of evaluating two mutually exclusive additions to its processing capacity. The firm’s financial analysts have developed pessimistic, most likely, and optimistic estimates of the annual cash inflows associated with each project. These estimates are shown in the table on page 488.

PART THREE Long-Term Investment Decisions
5
Project A                Project B
Initial investment (CF0)                                $8,000                         $8,000

Outcome                                                         Annual cash inflows (CF)
Pessimistic                                                                   $ 200                           $ 900
Most likely                                                                  1,000                           1,000
Optimistic                                                                   1,800                           1,100
a. Determine the range of annual cash inflows for each of the two projects.
b. Assume that the firm’s cost of capital is 10% and that both projects have
20-year lives. Construct a table similar to this for the NPVs for each project.
Include the range of NPVs for each project.
c. Do parts a and b provide consistent views of the two projects? Explain.
d. Which project do you recommend? Why?




Assessing return and risk Swift Manufacturing must choose between two asset purchases. The annual rate of return and the related probabilities given in the following table (on page 268) summarize the firm’s analysis to this point.

268 PART TWO Important Financial Concepts

Project 257                                       Project 432

Rate of return     Probability                   Rate of return    Probability
_10%          .01                                10%                       .05
   10            .04                                15                         .10
   20            .05                                20                         .10
   30            .10                                25                         .15
   40            .15                                30                         .20
   45             .30                                35                        .15
   50            .15                                40                        .10
   60            .10                                45                         .10
   70            .05                                50                        .05
   80             .04
 100             .01

a. For each project, compute:

(1) The range of possible rates of return
(2) The expected value of return.
(3) The standard deviation of the returns.
(4) The coefficient of variation of the returns.
b. Construct a bar chart of each distribution of rates of return.
c. Which project would you consider less risky? Why?




P5–4 Risk analysis Solar Designs is considering an investment in an expanded product line. Two possible types of expansion are being considered. After investigating the possible outcomes, the company made the estimates shown in the following table:
Expansion A                 Expansion B
Initial investment                    $12,000                        $12,000
Annual rate of return
Pessimistic                               16%                               10%
Most likely                                        20%                               20%
Optimistic                               24%                              30%

a. Determine the range of the rates of return for each of the two projects.
b. Which project is less risky? Why?
c. If you were making the investment decision, which one would you choose? Why?
d. Assume that expansion B’s most likely outcome is 21% per year and that all other facts remain the same. Does this change your answer to part c? Why?




FIN 419, FIN/419 Week 2

Tutorial Includes

Barnett Corporation
Solar Designs
Swift Manufacturing
Murdock Paints




P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to evaluate three prospective investments: X, Y, and Z. Currently, the firm earns 12% on its investments, which have a risk index of 6%. The expected return and expected risk of the investments are as follows:
Expected        Expected
Investment                 return             risk index
X                     14%                      7%
Y                     12                          8
Z                      10                        9
a. If Sharon were risk-indifferent, which investments would she select? Explain why.
b. If she were risk-averse, which investments would she select? Why?
c. If she were risk-seeking, which investments would she select? Why?
d. Given the traditional risk preference behavior exhibited by financial managers, which   




FIN419 Week 1 ( Score 100% )

Tutorial Includes
Limited Liability Corporation and Partnership Paper
DQ's as
Why are companies interested in systems operations management today? Why is it important?
Describe 2-3 statistical process controls? Why are they important?



Sunday, 28 October 2012


Acc 291 week 5
comprises of;
-individual exercise.
-individual impact of unethical behaviour article analysis.
-learning team ratio analysis memo.
-learning team reflection.







Acc 291 week 4
comprises of;
-DQ 1
-DQ 2
-DQ 3
-Individual exercise
-Week 4 ltb summary



Acc 291 week 3
comprises of;
-DQ 1
-DQ 2
-DQ3
-DQ 4
-Individual exercise
-Team assignment LT reflection



Acc 291 week 2
comprises of;
-DQ 1
-DQ 2
-DQ 3
-DQ 4
-Individual exercise
-week 2 LT reflection



Acc 291 week 1
comprise of;
-DQ 1
-DQ 2
-DQ 3
-DQ 4
-week 1 individual exercise 9.2



Wednesday, 24 October 2012


ACC 421 WEEK 5 
Tutorial Includes
WEEK 5
E 6-2
E 6-5
E 6-6
E 6-8







FOLLOW THE LINK TO GET ANSWER!!!


ACC 421 WEEK 4 

Tutorial Includes

WEEK 4
E23-1
e23-11,12
e23-7
RODRIQUEZ COMPANY





PRG 421 Week 1 ( VERSION 10 )

Tutorial Includes
DQ1 What is an event? How are events and graphical user interfaces (GUIs) related? Provide an example of an event and relate it to a GUI
DQ2 How are containers used in the Java® language? Write a small program in which you add components to a container. Then post the code for your program.
DQ3 What do you feel are the advantages and disadvantages to using Swing versus AWT?
FUNDRAISER PROGRAM
A city is sponsoring a run to support local charities and would like an application to track the pledges. The result will be a database that holds data on individuals, total pledges obtained, and the charity for which the donation is designated.
Design and implement a GUI-based program to accept a participant’s name, the amount pledged, and the designated charity’s name. The program will store these data for later retrieval. The project will be completed in several stages, with the first deliverable due in Week Two.
HELLO WORLD PROGRAM
Design, implement, test, and debug a GUI-based version of a “Hello, World!” program.
Create a JFrame that includes a JLabel that reads “Hello, World!” Use a layout manager of your choice.
Include an Exit button to close the program.




FUNDRAISER PROGRAM
A city is sponsoring a run to support local charities and would like an application to track the pledges. The result will be a database that holds data on individuals, total pledges obtained, and the charity for which the donation is designated.
Design and implement a GUI-based program to accept a participant’s name, the amount pledged, and the designated charity’s name. The program will store these data for later retrieval.




Design, implement, test, and debug a GUI-based version of a “Hello, World!” program.
Create a JFrame that includes a JLabel that reads “Hello, World!” Use a layout manager of your choice.
Include an Exit button to close the program.
 





How are containers used in the Java® language? Write a small program in which you add components






DISCUSSION QUESTION
How are containers used in the Java® language? Write a small program in which you add components to a container. Then post the code for your program.



Tuesday, 23 October 2012


What is an event? How are events and graphical user interfaces (GUIs) related?



DISCUSSION QUESTION
What is an event? How are events and graphical user interfaces (GUIs) related? Provide an example of an event and relate it to a GUI.




What do you feel are the advantages and disadvantages to using Swing versus AWT?





DISCUSSION QUESTION ( ORIGINAL )
What do you feel are the advantages and disadvantages to using Swing versus AWT?





PRG 421 Week 1 ( VERSION 10 )



Tutorial Includes

DQ1 What is an event? How are events and graphical user interfaces (GUIs) related? Provide an example of an event and relate it to a GUI

DQ2 How are containers used in the Java® language? Write a small program in which you add components to a container. Then post the code for your program.

DQ3 What do you feel are the advantages and disadvantages to using Swing versus AWT?

FUNDRAISER PROGRAM

A city is sponsoring a run to support local charities and would like an application to track the pledges. The result will be a database that holds data on individuals, total pledges obtained, and the charity for which the donation is designated.

Design and implement a GUI-based program to accept a participant’s name, the amount pledged, and the designated charity’s name. The program will store these data for later retrieval. The project will be completed in several stages, with the first deliverable due in Week Two.

HELLO WORLD PROGRAM

Design, implement, test, and debug a GUI-based version of a “Hello, World!” program.

Create a JFrame that includes a JLabel that reads “Hello, World!” Use a layout manager of your choice.

Include an Exit button to close the program.






FOLLOW THE LINK TO GET THE ANSWER!!!

PRG 421 Week 1 ( VERSION 10 )



Tutorial Includes

DQ1 What is an event? How are events and graphical user interfaces (GUIs) related? Provide an example of an event and relate it to a GUI

DQ2 How are containers used in the Java® language? Write a small program in which you add components to a container. Then post the code for your program.

DQ3 What do you feel are the advantages and disadvantages to using Swing versus AWT?

FUNDRAISER PROGRAM

A city is sponsoring a run to support local charities and would like an application to track the pledges. The result will be a database that holds data on individuals, total pledges obtained, and the charity for which the donation is designated.

Design and implement a GUI-based program to accept a participant’s name, the amount pledged, and the designated charity’s name. The program will store these data for later retrieval. The project will be completed in several stages, with the first deliverable due in Week Two.

HELLO WORLD PROGRAM

Design, implement, test, and debug a GUI-based version of a “Hello, World!” program.

Create a JFrame that includes a JLabel that reads “Hello, World!” Use a layout manager of your choice.

Include an Exit button to close the program.





FOLLOW THE LINK TO GET THE ANSWER!!!

DISCUSSION QUESTION
How do arrays and combo boxes work together? Write a small program in which you add the elements of an array to a combo box and post the code for your program.




ACC 421 Week 4 ( SCORE 100% )







FOLLOW THE LINK TO GET THE ANSWER!!!

Saturday, 13 October 2012


E1-15
 Presented below is financial information related to the 2008 operations for summer cruise company. 
Maintenance expense $ 95,000 
Property tax expense (on dock facilities) 10,000 
Salaries expense 142,000 
Advertising expense 3,500 
Ticket revenue 325,000 
Instruction
Prepare the 2008 income statement for Summers Cruise Company. 
 





Friday, 12 October 2012


E1-14
 Jan Nab is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Jan has compiled the following financial information as of December 31, 2010.  
Revenues during 2010—camping fees $140,000
 Market value of equipment $140,000  
Revenues during 2010—general store 50,000 
Notes payable 60,000  
Accounts payable 11,000
 Expenses during 2010 150,000  
Cash on hand 23,000 
Supplies on hand 2,500  
Original cost of equipment 105,500  
Instructions 
(a) Determine Jan Nab's net income from Deer Park for 2008.   
(b) Complete the balance sheet for Deer Park as of December 31, 2008. (List assets in order of liquidity and liabilities from largest to smallest eg 10, 5, 3, 2.) 








e1-12
The following information relates to Linda Stanley Co. For the year 2008  
Linda Stanley, Capital, January 1, 2008        $48,000       
Advertising expense                                      $1,800
 Linda stanlet, drawing during 2008              6,000    
Rent expense                                                 10,400 
Service revenue                                              62,500         
Utilities expense                                             3,100 
Salaries expense                                            30,000   
Instructions 
After analyzing the data, prepare an income statement and an owner's equity statement for the year ending December 31,2008. 
 





E1-11
 Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships for the year 2008, Craig Cantrel and Mills Enterprises.
                                                 Craig Mills Cantrel       Mills Enterprises 
Beginning of year:
 Total assets                                         $ 95,000               $129,000
 Total liabilities                                   85,000                        (c) 
Total owner’s equity                               (a)                       80,000 
End of year: 
Total assets                                         160,000                 180,000 
Total liabilities                                     120,000                  50,000 
Total owner’s equity                             40,000                  130,000 
Changes during year in owner’s equity: 
Additional investment                              (b)                       25,000 
Drawings                                               24,000                      (d) 
Total revenues                                      215,000                 100,000 
Total expenses                                      175,000                  55,000 
Instructions 
Determine the missing amounts. 





 


E1-10 Lily Company had the following assets and liabilities on the dates indicated. December 31-- Total Assets-- Total Liabilities 
2007 ----------$400,000 -------$250,000 
2008 ----------$460,000 -------$300,000 
2009 ----------$590,000 -------$400,000 
Lily began business on January 1, 2007, with an investment of $100,000 from stockholders. 
Instructions: 
From an analysis of the change in stockholders’ equity during the year, compute the net income(or loss) for: 
(a) 2007, assuming Lily paid $15,000 in dividends for the year. 
(b) 2008, assuming stockholders made an additional investment of $50,000 and Lily paid nodividends in 2008. 
(c) 2009, assuming stockholders made an additional investment of $15,000 and Lily paid dividends  E1-10 Lily Company had the following assets and liabilities on the dates indicated. December 31-- Total Assets-- Total Liabilities 
2007 ----------$400,000 -------$250,000 
2008 ----------$460,000 -------$300,000 
2009 ----------$590,000 -------$400,000 
Lily began business on January 1, 2007, with an investment of $100,000 from stockholders. 
Instructions: 
From an analysis of the change in stockholders’ equity during the year, compute the net income(or loss) for: 
(a) 2007, assuming Lily paid $15,000 in dividends for the year. 
(b) 2008, assuming stockholders made an additional investment of $50,000 and Lily paid nodividends in 2008. 
(c) 2009, assuming stockholders made an additional investment of $15,000 and Lily paid dividends  
E1-10 Lily Company had the following assets and liabilities on the dates indicated. December 31-- Total Assets-- Total Liabilities 
2007 ----------$400,000 -------$250,000 
2008 ----------$460,000 -------$300,000 
2009 ----------$590,000 -------$400,000 
Lily began business on January 1, 2007, with an investment of $100,000 from stockholders. 
Instructions: 
From an analysis of the change in stockholders’ equity during the year, compute the net income(or loss) for: 
(a) 2007, assuming Lily paid $15,000 in dividends for the year. 
(b) 2008, assuming stockholders made an additional investment of $50,000 and Lily paid nodividends in 2008. 
(c) 2009, assuming stockholders made an additional investment of $15,000 and Lily paid dividends







E 1-8 An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in stockholders’ equity is explained.

Accounts Office Accounts S. Moses, S. Moses, Cash Receivable Supplies Equipment Payable Capital Drawings Revenues Expenses
1.$15,000 $15,000
2. 2,000 $5,000 $3,000
3. 750 $750
4. 4,600 $3,700 $8,300
5. 1,500 1,500
6. 2,000 $2,000
7. 650 −$650
8. 450 450
9. 4,900 4,900
10. 500 −500

Instructions
(a) Describe each transaction that occurred for the month.
(b) Determine how much stockholders’ equity increased for the month.
(c) Compute the amount of net income for the month.

E1-9 An analysis of transactions for S. Moses & Co. was presented in E1-8.

Instructions
Prepare an income statement and an owner's equity statement for August and a balance sheet at August 31, 2008.





FOLLOW THE LINK TO GET THE ANSWER!!!

E 1-5
Meredith Cleaners has the following balance sheet items.

Accounts payable                    Accounts receivable
Cash                                        Notes payable
Cleaning equipment                Salaries payable
Cleaning supplies                   Karin Meredith capital,

Instructions .
Classify each item as an asset, liability, or owner's equity.








BE 1-9
In alphabetical order below are balance sheet items for Lopez Company at december 31, 2008. Kim Lopez is the owner of Lopez Company. Prepare a balance sheet, following the format of Illustration 1-9 

Accounts payable              $90,000
Accounts receivable          $72000
Cash                                  $49,000
Kim Lopez, Company          31,500










P14-8
(Entries for Zero-Interest-Bearing Note) On December 31, 2007, Jose Luis Company acquired a
computer from Cuevas Corporation by issuing a $400,000 zero-interest-bearing note, payable in full on
December 31, 2011. Jose Luis Company’s credit rating permits it to borrow funds from its several lines of
credit at 10%. The computer is expected to have a 5-year life and a $50,000 salvage value.
Instructions
(a) Prepare the journal entry for the purchase on December 31, 2007.
(b) Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization
(use effective interest method) on December 31, 2008.
(c) Prepare any necessary adjusting entries relative to depreciation and amortization on December
31, 2009.
 







P14-7
(Entries for Life Cycle of Bonds) On April 1, 2007, Fontenot Company sold 12,000 of its 11%, 15-year, $1,000 face value bonds at 97. Interest payment dates are April 1 and October 1, and the company uses the straight-line method of bond discount amortization. On March 1, 2008, Fontenot took advantage of favorable prices of its stock to extinguish 3,000 of the bonds by issuing 100,000 shares of its $10 par value common stock. At this time, the accrued interest was paid in cash. The company’s stock was selling for $31 per share on March 1, 2008. Instructions Prepare the journal entries needed on the books of Fontenot Company to record the following. (a) April 1, 2007: issuance of the bonds. (b) October 1, 2007: payment of semiannual interest. (c) December 31, 2007: accrual of interest expense. (d) March 1, 2008: extinguishment of 3,000 bonds. (No reversing entries made.)




Thursday, 11 October 2012


BE 5-10 and BE 5-11
Assume that Alshar Company uses a periodic inventory system and has these account balances: Purchases $450,000; Purchase Returns and Allowances $11,000; Purchase Discounts $8,000; and Freight-in $16,000. Determine net purchases and cost of goods purchased.
BE5-11 Assume the same information as in BE5-10 and also that Alshare Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $630,000. Determine the amounts to be reported for cost of goods sold and gross profit.








BE 5-10 and BE 5-11
Assume that Alshar Company uses a periodic inventory system and has these account balances: Purchases $450,000; Purchase Returns and Allowances $11,000; Purchase Discounts $8,000; and Freight-in $16,000. Determine net purchases and cost of goods purchased.
BE5-11 Assume the same information as in BE5-10 and also that Alshare Company has beginning inventory of $60,000, ending inventory of $90,000, and net sales of $630,000. Determine the amounts to be reported for cost of goods sold and gross profit.








BE 5-7
Maulder Company provides the following information for the month ended October 31, 2010: Sales on credit $280,000, cash sales $100,000, sales discounts $13,000, sales returns and allowances $11,000.

Prepare the sales revenues section of the income statement based on this information.