...HOMEWORK 4 1. The reason a firm goes bankrupt will likely be a sign of the real value of its assets. If a firm goes bankrupt due to its core business its assets are probably overvalued and therefore it will most likely default on its loans. If the bankruptcy is not related to the companies core business then it is likely that the value of the assets is not overvalued and are closer to their actual book value. So a company that goes bankrupt due to risky investments is likely to have more valuable collateral. 2. The company has increased advertising costs each year since 2013 in 2015 they spent 94.3 million on advertising. Capital expenditures are as follows: Changes in fixed assets 2014-15 (1435873000-214112000)-(1490604000-223296000)=-45637000 Depreciation for 15 (however this includes amortization) 145242000-136081000=9161000 Capital expenditures -45637000+9161000= 36476000 Dividends for 2015 70832000 Share repurchases 306255000 The company spent 553500000 for all of the above items, which is about 18.5 percent of their total revenues. The amount spent each year has also increased therefore I would not conclude that the company has been trying to save money on the above items. 3. A.)Cash flow from operations: 368611000 Average liabilities: [(418475000+970825000+125033000)+(466110000+832302000+129098000))/2=1470921500 cash flow from operations to average total liabilities ratio: 368611000/1470921500=.2506 B.)current assets-current...
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...ACCT553 Week 4 Homework ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬_________________________________________________________ Please provide your answer to each question in the space provided below. When finished, submit to the DropBox. Chapter 14 1. Please describe the concept of "double taxation" and discuss which entity(ies) are subject to this type of taxation. (5 pts) Double taxation is tax on income of a business entity and second tax on distributions made to owners. The classic example is dividends paid to an owner from a corporation. 2. What types of taxpayers are considered "with regard to special ordinary loss treatment of IRC Section 1244 stock? (5 pts.) The eligible" taxpayers are the individuals or partnerships who are the original owners of shares in electing domestic small business corporation. The stock must be issued for property, common or preferred, domestically chartered and otherwise meet the tests to qualify as 1244 stock. 3. Please describe how the treatment of capital gains (losses) differs for a C Corporation as compared to an Individual. ( 5 pts.) Individuals net their capital gains and losses together, and the result is reported on an individual form 1040. Net long term capital gains are taxed at rates currently discounted to ordinary rates. Capital losses can be deducted up to $3,000 per year against ordinary income, with carrybacks and carry forwards available for those losses. C corporations may net capital losses against capital gains only, and pay tax...
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...Chapter 15 – Homework Week 4 E15-2 Recording the Issuance of Common and Preferred Stock – Kathleen Battle Corp. Journal entries to record given transaction are listed below: 1/10 Cash (80,000 x $5) $400,000 Common Stock (80,000 x $1) $ 80,000 Paid-in Capital in Excess of Stated Value – Common Stock (80,000 x $4) $320,000 3/01 Cash (5,000 x $108) $540,000 Preferred Stock (5,000 x $100) $500,000 Paid-in Capital in Excess of Par Value – Preferred Stock (5,000 x $8) $ 40,000 4/01 Land $ 80,000 Common Stock (24,000 x $1) $ 24,000 Paid-in Capital in Excess of Stated Value – Common Stock ($80,000 - $24,000) $ 64,000 5/01 Cash ($80,000 x $7) $560,000 Common Stock (80,000 x $1) $ 80,000 Paid-in Capital in Excess of Stated Value – Common Stock (80,000 x $6) $480,000 8/01 Organized Expense $ 50,000 Common Stock (10,000 x $1) $ 10,000 Paid-in Capital in Excess of Stated Value – Common Stock ($50,000 - $10,000) $ 40,000 9/01 Cash (10,000 x $9) $ 90,000 Common Stock (10,000 x $1) $ 10,000 Paid-in Capital in Excess of Stated Value – Common Stock (10,000 x $8) $ 80,000 11/1 Cash (1,000 x $112) $112,000 Preferred Stock (1,000 x $100) $100,000 Paid-in Capital in Excess of Par Value – Preferred Stock (1,000 x $12) $ 12,000 E15-5 Lump Sum Sales of Stock with Preferred Stock – Dave Matthews Inc. (a) Fair Market Value of...
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...respondents, 65 or 59 % are female and 45 or 41 % are male. They were at average age of 17.5 in female and 17.23 in male. On frequency of respondents in favorite SNS, number of hours usage, moments spend using SNS, priority of reasons in using SNS and number of friends on line, the respondents’ mean favorite site used is 93 respondents preferred Facebook as networking site, followed by 69 or 62 % who prefers other sites, 65 or 59 % prefers Youtube, 46 or 41 % prefer Twitter, while 44 or 40 % prefer Yahoo messenger. Out of 110 , there are 46 or 42 % who spend time with SNS in 30 to 1 hour, 44 or 44 % spent 2 to 3 hrs, while 13 or 11 % used 4 to 5 hrs, and only 7 or 6 % devoted 5 hours or more. In moments used in SNS, Out of 110 respondents , there are 16 or 14 % use SNS in vacant period, while only 2 or 2 %% do it during class, 4 or 3.6 % do SNS in before class and 88 or 80 % use SNS after their class. Out 110, there were different reasons why they use SNS, such as bumming around which ranked 1 , 84 or 76 % , 75 or 64 % ranked studying as 2, 73 or 63 % meet new friends on SNS, and 42 or 38 % both for UpdaIng with family and friends. Out of 110, there are 10 or 9 % who have 10 to 100 friends on line , 16 or 14.5 % have 101 to 200 friends,...
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...improvement and future success of this company moving into the public market. In order to properly perform an assessment of the LBJ Company, there first had to be some set of standards or regulations that outline the internal controls and proper procedures for companies and businesses to adhere to for financial reporting. As it turns out internal control is a key component of Foreign Corrupt Practices Act(FCPA) of 1977 and the Sarbanes-Oxley Act(SOX) of 2002 which required companies to follow this set of internal controls. This list of internal controls is as follows: 1). Conduct its business in an orderly and efficient manner, 2). Safeguard its assets and resources, 3). Deter and defect errors, theft, and fraud, 4). Ensure accuracy and completeness of accounting data, 5). Produce reliable and timely financial and management information, 6). Ensure adherence to its policies and plans.(O’Malley) From this point on all senior management officials will be held responsible for enforcing and ensuring that their company follows these regulations and...
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...such as someone’s vacation hours and stocking merchandise for the store, those tasks should be delegated out to the assistant manager and to the store clerks. Being a supervisor means being in a role of leadership, logic, common sense, and decision making for yourself, the employees, and for the company. The “in Basket” debate and discussion gives us and our fellow classmates the opportunity to see if we can successfully delegate out certain tasks as a supervisor at a fictitious company. The discussion between me and fellow classmates was a great one and it appeared as though everyone agreed on everything accept for different incidents. The only two incidents where I came across disagreement were in regards to task number 3, and task number 4. These are the examples in which I will be using in this paper as far as disagreeing is concerned. Task number 3 is in regards to the mall hours changing for an upcoming holiday and that there is a request for store plans. In my own opinion and the opinion of all of my fellow classmates accept for one that I could find agreed that this task needed to be done by the Supervisor. The disagreeing student felt that it should be delegated to the Assistant Manager. This task should be done by the supervisor because it is not only a very important one...
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...Corridors of Transition between 12 Angry Men and 12 “I have always found that mercy bears richer fruits than strict justice”. Abraham Lincoln “The virtue of justice consists in moderation, as regulated by wisdom”. Aristotle ”Nobody gets justice. People only get good luck or bad luck”. Orson Welles Justice = mid-12c., "the exercise of authority in vindication of right by assigning reward or punishment;" also "quality of being fair and just," from Old French justice "justice, legal rights, jurisdiction" (11c.), from Latin iustitia "righteousness, equity," from iustus "upright, just" . The Old French word had widespread senses, including "uprightness, equity, vindication of right, court of justice, judge." The word began to be used in English c.1200 as a title for a judicial officer. Meaning "right order, equity" is late 14c. Justice of the peace first attested early 14c. In the Mercian hymns, Latin iustitia is glossed by Old English rehtwisnisse. To do justice to (someone or something) "render fully and fairly showing due appreciation" is from 1670s. This word, with such a strong connotation, influenced and formed the basis of many philosophical...
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...Week 4 1. How do you think a small margin for error affects communication on a project? When there is a small margin for error communication can be affected. In the project for Ball Corporation there is absolutely no room for errors and everyone involved in the project knows it. Because there is no room for errors everyone is really detailed when sharing information and in delegating assignments. The employees force themselves to pay close attention to every detail because every little detail counts. When there is room for error the management might not be so detailed with the employees and the employees might not pay as close attention because they know that an error won’t cause any drastic problems. 2. In what ways do you act differently in a face-to-face meeting than you do during a telephone conference call? A telephone conference call is very different than a face-to-face meeting. When you are in a telephone conference call you don’t dress professionally or even act professionally. In a face-to-face meeting you are forced to dress appropriately and act appropriately because everyone else in the meeting is able to see you. You can’t be still in your bed on your PJs because that would be very unprofessional; you can’t mute the call and talk to someone else because everyone will notice. 3. Why is written communication essential in some situations (such as conveying specifications), while oral communication is essential in others (such as technology interchange...
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...Andres Torre Lab 4: 4.1.1: Stability, Consistency, Minimization of packet errors. 4.1.2: Because the voltage (or current) used to transmit data needs only be high enough for the receiver to detect it. Making the voltage (much) higher would make the receiver electronics more difficult. 4.1.3: A shielded cable is an electrical cable of one or more insulated conductors enclosed by a common conductive layer. The shield may be composed of braided strands of copper (or other metal, such as aluminium), a non-braided spiral winding of copper tape, or a layer of conducting polymer. Usually, this shield is covered with a jacket. The shield acts as a Faraday cage to reduce electrical noise from affecting the signals, and to reduce electromagnetic radiation that may interfere with other devices (see electromagnetic interference). The shield minimizes capacitively coupled noise from other electrical sources. The shield must be applied across cable splices. 4.1.7: Short for unshielded twisted pair, a popular type of cable that consists of two unshielded wires twisted around each other. Due to its low cost, UTP cabling is used extensively for local-area networks (LANs) and telephone connections. UTP cabling does not offer as high bandwidth or as good protection from interference as coaxial or fiber optic cables, but it is less expensive and easier to work with. 4.2.1: In fiber-optic communication, a single-mode optical fiber (SMF) is an optical fiber designed to carry only a single ray...
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...1____ | 0____ | | 4+ | 2 + | 0 = | 6 | 1.1.3 21↓ | 20↓ | | 2X | 1X | | 1____ | 1____ | | 2 + | 1 = | 3 | 1.1.4 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 16X | 8X | 4X | 2X | 1X | | 1____ | 0____ | 0____ | 1____ | 0____ | | 16 + | 0 + | 0 + | 2 + | 0 = | 18 | 1.1.5 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 128X | 64X | 32X | 16X | 8X | 4X | 2X | 1X | | 1____ | 1____ | 1____ | 0____ | 0____ | 0____ | 1____ | 0____ | | 128 + | 64 + | 32 + | 0 + | 0 + | 0 + | 2 + | 0 = | 226 | 1.1.6 156 | 28 | 28 | 28 | 12 | 4 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 = | 10011100 | 128 + | 0 + | 0 + | 16 + | 8 + | 4 + | 0 + | 0 = | 156 | 1.1.7 255 | 127 | 63 | 31 | 15 | 7 | 3 | 1 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11111111 | 128 + | 64 + | 21 + | 16 + | 8 + | 4 + | 2 + | 1 = | 255 | 1.1.8 200 | 72 | 8 | 8 | 8 | 0 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 11001001 | 128 + | 64 + | 0 + | 0 + | 8 + | 0 + | 0 + | 1 = | 255 | 1.1.10 | 2^7 | 2^6 | 2^5 | 2^4 | 2^3 | 2^2 | 2^1 |...
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...CHAPTER I INTRODUCTION Not all people are given the chance to have a quality education especially in the Philippines because it is now complicated. That’s why having the chance to study and choosing the course should not be compared to some thing like for an example buying a dress for a special occasion and when realization comes into your mind that you don’t want it, you’ll return it or maybe get your money back. No, this isn’t right, because in college life, you have to treat every second as an important detail of your life. You should not waste every moment in it. So choosing the course which you think fits your capabilities is very important. Studying a specific course in college is not only about paying the fees rather the most important things here are the time and effort spent. Money, time and effort are the most precious things in one’s life and once it is used or spent, it’s hard to gain again or worst you may never have it at all. So the time these are wasted for nothing, for sure the blame for this mistake will be felt truly. When looking at the profile of those students who are working and at the same time is studying, you would notice that they never dare wasting their time. For them, every second counts. Make an observation and you will find out that almost all of the working students are working too hard to finish their studies. For them, wasting their effort, time and money is such a big mistake. OBJECTIVES OF THE STUDY The objective of studying...
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...| 1 | Exercise 1.1.2 The mapping of 1102 will have 1, 1, and 0 in the lower bit values and 4, 2, and 0 in the bottom bits, for a sum of 6. 1 | 1 | 0 | 4 | 2 | 0 | Exercise1.1.3 The mapping of 112 will have a leading 0 to fit the mapping, which does not affect the results. The lower bits will have leading 0s and then 1 and 1 in the rightmost bits. This results in all 0s at the bottom, with 2 and 1 in the rightmost bits, for a sum of 3. 0 | 0 | 1 | 1 | 0 | 0 | 2 | 1 | Exercise 1.1.4 The placeholder 24 = 16 is necessary for this mapping because it is five digits. The result is 16 + 2 = 18 16 | 8 | 4 | 2 | 1 | 1 | 0 |...
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... |Salary Range in Dollars |Base Tax in Dollars |Percentage of Excess | |1 |0.00-1,499.99 |0.00 |15 % | |2 |1,500.00-2,999.99 |225.00 |16 % | |3 |3,000.00-4,999.99 |465.00 |18 % | |4 |5,000.00-7,999.99 |825.00 |20 % | |5 |8,000.00-14,999.99 |1425.00 |25 % | Ok number 3 if the excess is over $3,000.00 then that would be 16% of $236.00; therefore the total tax would be $236.00 +36.00 which would be $272.00 Number 4 if the excess is 5,000 then that would be 18% of $232.5; therefore the total tax would be $232.5 + 32.5, or $265.00. Number 5 if the excess is over 8,000 then that would be 25% of $570.00 therefore the total tax would be $570.00 + $120.00, or $690.00. Number 1 if the excess is $0.00 then that would be 15% of $0.00 therefore, the total tax would be $0.00 + $0.00 which would nothing $0.00 I understand but I am confused on the number and how to get the, I know this cannot be right but I am trying to follow procedure and hoe...
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...explain to me that in this game each of us in turn will blindly draw three cards from a partial deck of cards. This deck has had all cards above 9 removed, and for this game’s purposes aces are only equal to 1. Without looking at my cards I am to place them facing out on my forehead so the other players can clearly see the cards. Each of the other players is to do the same. The object of the game is to guess which cards you have on your own head using logic to solve the problem. Players draw question cards that reveal information about player cards, and the first to guess their cards based on the information revealed wins the game. My brother Andy has the cards 1, 5, and 7 showing on his forehead. His wife Belle has 5, 4, and 7. My girlfriend Carol has the cards 2, 4, and 6. Andy is selected to draw the first question card, and it asks if he sees two or more players who’s cards sum to the same value. Andy answers affirmatively. With this information I know that I must have cards that equal either 12 or 16. I know this because Belle’s cards sum to 16 and Carol’s cards sum to 12. Since Andy sees two of us with cars of the same value I am able to confirm that my sum must match either Belle’s or Carol’s. At this point none of us are able to conclude anything else about our cards, so Belle draws the next question card. Belle’s question reads “Of the five odd numbers [1, 3, 5, 7, and 9] how many different odd numbers do you see?” Belle answers that she sees all five the odd numbers. I...
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...6:48 pm - Prudence: Plz use English all the time thank you 3 Oct 6:51 pm - Prudence: IMG-20141003-WA0010.jpg (file attached) 3 Oct 6:51 pm - Prudence: First meeting 3 Oct 6:51 pm - Prudence: From 1800 to 1851 3 Oct 6:55 pm - Scope Luee: l 3 Oct 6:55 pm - Scope Luee: Sori we don't know !! 3 Oct 7:01 pm - Scope Amy: Okay 3 Oct 7:01 pm - Scope Amy: Oops 3 Oct 7:01 pm - Scope Amy: Sorry 3 Oct 7:03 pm - Prudence: Its okay 3 Oct 7:03 pm - Prudence: Next meeting: tomorrow after school 3 Oct 7:03 pm - Prudence: Do u guys ok? 3 Oct 7:10 pm - Scope Ray: 3 Oct 7:11 pm - Scope Michelle: 3 Oct 7:11 pm - Scope Jason: 3 Oct 8:19 pm - Scope Luee: Okok 3 Oct 8:19 pm - Scope Amy: 4 Oct 4:31 pm - Prudence: IMG-20141004-WA0035.jpg (file attached) 4 Oct 4:31 pm - Prudence: Second meeting 11 Oct 3:26 pm - Scope Michelle: IMG-20141011-WA0007.jpg (file attached) 11 Oct 9:23 pm - Scope Jason: 可唔可以sd番今日傾過既野嚟睇？ 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0001.jpg (file attached) 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0000.jpg (file attached) 13 Oct 11:31 am - Scope Luee: Sori我唔知係我電話 13 Oct 11:32 am - Scope Jason: Thx 13 Oct 11:32 am - Prudence: Thx 13 Oct 11:40 am - Scope Ray: Thx 14 Oct 12:54 am - Scope Luee: 各位有無email 我fd有份pm嘅project借左黎參考 腥俾你地睇下 14 Oct 12:55 am - Scope Michelle: chung1994abcd@yahoo.com.hk 唔該晒 14 Oct 1:00 am - Scope Ray: raylau512@gmail.com 14 Oct 1:01 am - Scope Luee: 仲有每個項目解釋大約一至兩句is ok 原來果一大段係成個project description ...
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