Premium Essay

Problem Set Ii

In:

Submitted By LorenaJones44
Words 365
Pages 2
Problem Set II
Lorena Jones
ACC/300
July 28, 2014
Lisa Smith

SIEVERT CORPORATION
Balance Sheets
December 31

Assets 2012 2011
Cash $ 28,000 $ 20,000
Receivables (net) 70,000 62,000
Other current assets 90,000 73,000
Long-term investments 62,000 60,000
Plant and equipment (net) 510,000 470,000
Total $760,000 $685,000
Liabilities and Stockholders’ Equity Current liabilities $ 75,000 $ 70,000
Long-term debt 80,000 90,000
Common stock 330,000 300,000
Retained earnings 275,000 225,000
Total liabilities and stockholders’ equity $760,000 $685,000

SIEVERT CORPORATION
Income Statements
For the Years Ended December 31

2012 2011

Sales $750,000 $680,000 Costs of goods sold 440,000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $ 70,000 $ 60,000 Additional information: Cash from operating activities $ 82,000 $ 56,000 Cash used for capital $ 45,000 $ 38,000 Dividends paid $ 20,000 $ 15,000 Average number of shares outstanding 33,000 30,000

Computation of values and ratios for 2011 and 2012

Earnings per share: Net income – Preferred stock dividends
Average common shares outstanding

Earnings per share 2012: $ 70,000 - $ 0.00 $ 33,000 In 2012 the Sievert Corporation earnings per share was 2.1212121212 Earnings per share 2011 $ 60,000 - $ 0.00 $ 30,000 In 2011 the Sievert Corporation earnings per share was 2 Working capital: Current assets – Current liabilities The Sievert Corporation had $ 18,000 of Working capital in 2012: Total assets $760,000 - Long-term investments 62,000= $ 698,000

Similar Documents

Premium Essay

Problem Set Ii

...Problem Set II Problem Set II P2-6A 2013 2014 A. Earnings per share $60,000/30,000 shares= $2.00 $70,000/33,000 shares= $2.12 B. Working capital ($20,000 + $62,000 + $73,000) ($28,000 + $70,000 + $90,000) – -$70,000=$85,000 $75,000 = $113,000 C. Current ratio $155,000/$70,000= 2.2:1 $188,000/$75,000= 2.5:1 D. Debt to total assets ratio $160,000/$685,000= 23.4% $155,000/$760,000= 20.4% E. Free cash flow $56,000 – $38,000 – $15,000= $3,000 $82,000 – $45,000 – $20,000= $17,000 F. The net income and earnings have shown to have increased, in return this shows the company has grown. P13-2A A. Earnings per share $218,000/74,000=$2.95 B. Return on common on stockholders' equity $218,000/[($465,400+$603,400)/2] =$218,000/$534,400 =40.8% C. Return on assets $218,000/[($852,800+$1,026,900)/2]=$218,000/$939,850=23.2% D. Current ratio $377,900/$203,500=1.85:1 E. Receivables turnover $1,890,540/[($102,800+$117,800)/2]=$1,890,540/$110,300=17.1 F. Average collection period 365 days +17.1 =21.3 days G. Inventory turnover $1,058,540/[(115,500+$126,000)/2]=$1,058,540/$120,750=8.8 times H. Days in inventory 365 days +8.8 =41.5 days I. Times interest earned $332,000/$22,000=15.1 J. Asset turnover...

Words: 318 - Pages: 2

Premium Essay

Problem Set Ii Wk4

...Problem Set II Jonathan Sestito ACC 300 Nov 19, 2012 Arnold Gilbo Problem Set II P2-6A | 2011 | 2012 | A) Earnings per share | $60,000/30,000Shares | = $2.00 | $70,000/33,000Shares | = $2.12 | B) Working Capital | ($20,000 + $62,000 + $73,000) – ($ 70,000) | = $85,000 | ($28,000 + $70,000 + $90,000) – ($75,000) | = $113,000 | C) Current Ratio | $155,000/$70,000 | = 2.2:1 | $188,000/$75,000 | = 2.5:1 | D) Debt to Total Assets Ratio | $160,000/$685,000 | = 23.4% | 155,000/760,000 | = 20.4% | E) Free Cash Flow | $56,000 – $38,000 – $15,000 | = $3,000 | $82,000 – $45,000 - $20,000 | = $17,000 | F) The financial position and operating results for the Sievert Corporation are looking up from 2011 to 2012. The net earning and working capital have both increased. This shows the share holders that the profitability of the corporation has improved. Another high point is the debt to total assets ratio has gone down and this is good as it shows less owned to debt and more that can come in profit margins. This is shown in the increase of free cash flow. P13-2A | 2012 | | Problem Work Through | Answer | A) Earnings Per Share | $300,000/$5 = $60,000(*)$290,000/$5 = $58,000(**)($60,000* + $58,000**)/2 = $59,000(***)$218,000/$59,000*** | = $3.69 | B) Return Per Share | $218,000/[($465,400+$603,400)/2] = $218,000/$534,400 | = 40.8% | C) Return on Common Stockholders’ Equity | $218,000/[($852,800+$1,026,900)/2] =$218,000/$939,850 | = 23.2% | D) Current...

Words: 427 - Pages: 2

Free Essay

Acc 300 Week 3 Team Assignment Problem

...TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-3-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM Part II Complete problem set P4-2A in Ch. 4 of Financial Accounting. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 300 Week 3 Team Assignment problem in order to ace their studies. ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-3-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM Part II Complete problem set P4-2A in Ch. 4 of Financial Accounting. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 300 Week 3 Team Assignment problem in order to ace their studies. ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-3-team-assignment-problem/ Contact us at: nerdypupil@gmail.com ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM Part II Complete problem set P4-2A in Ch. 4 of Financial Accounting. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 300 Week 3 Team Assignment problem in order to ace their studies. ACC 300 WEEK 3 TEAM ASSIGNMENT PROBLEM To purchase this visit here: http://www.nerdypupil.com/product/acc-300-week-3-team-assignment-problem/ Contact us...

Words: 547 - Pages: 3

Free Essay

Abcd

...A hybird / digital software package for the solution of chemical kinetic parameter identification problems by ALAN M. CARLSON Electronic Associates, Inc. Princeton, New Jersey INTRODUCTION The modern hybrid computer offers many significant improvements over first generation hybrid systems These improvements include: 1. The increased speed of digital computers en- abling programs to be written in hybrid FORTRAN without drastically limiting hybrid solution rates. 2. The development of analog/hybrid software (e.g., hybrid simulation languages and analog set-up programs). The net result of these improvements has been an increase in the SCope and complexity of hybrid applications and a reduction in the effort required to program and debug hybrid problems. Unfortunately, the dev'elopment of hybrid applications software has not kept pace with recent hybrid improvements. Applications software for purposes of this discussion is defined as an integrated set of digital/hybrid programs capable of solving the majority of frequently occurring problems in a specific applications area. Based on this definition, little or no tangible information is currently available on the practicality of developing hybrid software packages although its benefits are obvious. In mid-1968, EAT's Princeton Computation Center initiated a development project to· determine the feasibility of hybrid applications software. The objectives of the project were to select a frequently occurring 733 application...

Words: 8745 - Pages: 35

Premium Essay

Elizabeth I Vs Spanish Armada

...empires to ever be created. Spain had a lot of potential but did not have the ability to continue expanding their empire. In 1588 the decline of the Spanish empire began as the English defeated the “Invincible” Spanish Armada. This defeat was due to the failure of proper strategic planning. The leaders in these two countries had different techniques when it came to ruling their kingdoms. When comparing the two, Elizabeth I who was the Queen of England was a more organized and supportive ruler than Philip II the King of Spain. At the time of the battle, the Spanish were not well prepared and made many mistakes. And last but not least the terrible weather and bad luck had an impact on the outcome....

Words: 1347 - Pages: 6

Premium Essay

Seminar in Program Development

...perceived & real needs 4. determine & set priorities 5. writing goals & objectives – objectives involve: a. who? b. to what extent? c. under what conditions? d. by what standards? e. within what time period? 6. step-by-step activities & procedures – pilot projects & consideration of other internal & external threats 7. develop timeline chart 8. implementation of the project 9. evaluation & feedback 1. Mission Statement – a statement by an organization that contains detailed info. about the overall direction & purpose of the organization a. usually based on a general observation, an obvious need, seen need or interest, or need assessment result b. it’s an administrative statement that guides planning & decision-making c. not restricted by time elements d. philosophy of an organization e. identification of the self-concept of the organizational program f. identification of general service catchment areas & target populations and markets to be served g. define terms & shared definition of problem of target population 2. Assessment & Evaluation – an inventory of resources and review of policy & regulations with accuracy & skills in matching needs to services a. internal (organization’s tasks & work activities) & external (environment & community) assessment audits are needed to identify possible barriers b. resources included: i. money & finances ii. personnel iii. transportation iv...

Words: 2150 - Pages: 9

Free Essay

Guidelines for Preparation of a Research Proposal

...introduction (background, statement of problem and rationale), objectives, methodology (study design, population, sample size, sampling technique, and instruments of data collection, ethical considerations, and methods of data analysis), budget, organization (work plan and time frame), references and annexes. II. INSTRUCTIONS TO APPLICANTS Research is systematic, scientific and methodological approach to search for basic facts related to a specific problem aiming to find solutions based on these facts. II.1. Selection of a topic The first step for one intending to do a research work is the selection of the research topic. It is of most importance that the topic should be a priority problem that goes with the national priority research agenda, which may affect a greater number of people or a serious problem being identified by managers or decision-makers. The originality of the work is required unless there is a gap in the previous works. The repetition of works results only in wastage of resources. It is preferred that the selected topic to be relevant to the researcher’s interest and in line with his/her personal and departmental expertise. The feasibility of the work is a balance between the complexities of the problem and the available and expected resources. Other factors that should be considered in selecting a topic include the applicability of the research results, ethical, political, and socio-cultural acceptability of the work. II.2. Preparing a research proposal The...

Words: 1564 - Pages: 7

Free Essay

Pelc in Math I-Vi

...application to practical problems based on real life activities. Grades 3 and 4 deals with the study of whole numbers, the four fundamental operations, fractions and decimals including money, angles, plane figures, measurement and graphs. In Grades 5 and 6 the child is expected to have mastered the four fundamental operations of whole numbers, performs skills in decimals and fractions, conceptualize the meaning of ratio and proportion, percent, integers, simple probability, polygons, spatial figures, measurement and graphs. Simple concepts in Algebra is also introduced to be articulated in the high school. Besides further development of the basic mathematical skills, the child is expected to solve problems related to business and industrial activities in the community. TIME ALLOTMENT Daily Weekly Grade 1 80 400 Grade 2 80 400 Grade 3 80 400 Grade 4 60 300 Grade 5 60 300 Grade 6 60 300 The 20-minute increase in the daily time allotment is given to ensure that all lessons are finished and there will be more activities that involve grouping practical investigations and problem solving. Pupils learn more if they have hands on or manipulative and interactive activities, learn on their own, explore, discover, generalize and apply what they learned in their daily life. 1 EXPECTATIONS GOAL: Demonstrate understanding and skills in computing with considerable speed and accuracy, estimating, communicating, thinking analytically and critically, and in solving problems in daily life using...

Words: 10903 - Pages: 44

Free Essay

Nios-Multicore Accelerator

...Creating Multiprocessor Nios II Systems Tutorial Creating Multiprocessor Nios II Systems Tutorial 101 Innovation Drive San Jose, CA 95134 www.altera.com TU-N2033005-2.0 Document last updated for Altera Complete Design Suite version: Document publication date: 11.0 June 2011 Subscribe © 2011 Altera Corporation. All rights reserved. ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX are Reg. U.S. Pat. & Tm. Off. and/or trademarks of Altera Corporation in the U.S. and other countries. All other trademarks and service marks are the property of their respective holders as described at www.altera.com/common/legal.html. Altera warrants performance of its semiconductor products to current specifications in accordance with Altera’s standard warranty, but reserves the right to make changes to any products and services at any time without notice. Altera assumes no responsibility or liability arising out of the application or use of any information, product, or service described herein except as expressly agreed to in writing by Altera. Altera customers are advised to obtain the latest version of device specifications before relying on any published information and before placing orders for products or services. Creating Multiprocessor Nios II Systems Tutorial June 2011 Altera Corporation Contents Chapter 1. Creating Multiprocessor Nios II Systems Introduction to Nios II Multiprocessor Systems . . . . . . . . . . . . . . . . . . . . . . ...

Words: 12538 - Pages: 51

Free Essay

7 Basic Tools in Quality

...TABLE OF CONTENTS 1.0 Introduction ………………………………………….………………………… 2 2.0 The Development of 7 Basic Tools…………………………………………….. 3 3.0 Data Figures ………………………………………..…………………… 3 4.0 Histogram ..………………...…………………………………………………… 5 5.0 Process Control Chart ..………………………….…………………………… 5 6.0 Patero Analysis …………………………………………………………….. 8 7.0 Cause and Effect Diagram ……..………………..……………….……….……. 9 8.0 Trend Analysis ……………………………………………………………………11 9.0 Scatter Diagram…...……………………………………………..………………. 13 10.0 Conclusion…….…………………………………………………………..……... 15 THE SEVEN BASIC QUALITY TOOLS Project Risk, Procurement and Integration Management 1. INTRODUCTION The last two decades have been a period of tremendous turmoil and change in the business environment. Competition in many industries has become worldwide in scope, and the pace of innovation in products and services has accelerated. These changes in business environment have resulted in organisations attempting to transform themselves to become more competitive. Since the early 1980s, many companies have gone through several waves of improvement programs, starting with Just-In-Time (JIT), then moving on to Total Quality Management (TQM), Lean Production, Six Sigma and many other various management programs. Implementing these programmes would require tools for data collection, measure and monitor. There are seven quality control tools which are: * Data figures ...

Words: 3093 - Pages: 13

Premium Essay

Cost-Quality Trade Off

...Expert Systems with Applications 41 (2014) 1830–1846 Contents lists available at ScienceDirect Expert Systems with Applications journal homepage: www.elsevier.com/locate/eswa A new multi-objective multi-mode model for solving preemptive time–cost–quality trade-off project scheduling problems Madjid Tavana a,b,⇑, Amir-Reza Abtahi c, Kaveh Khalili-Damghani d a Business Systems and Analytics Department, Lindback Distinguished Chair of Information Systems and Decision Sciences, La Salle University, Philadelphia, PA 19141, USA Business Information Systems Department, Faculty of Business Administration and Economics, University of Paderborn, D-33098 Paderborn, Germany c Department of Knowledge Engineering and Decision Sciences, University of Economic Sciences, Tehran, Iran d Department of Industrial Engineering, South-Tehran Branch, Islamic Azad University, Tehran, Iran b a r t i c l e i n f o a b s t r a c t Considering the trade-offs between conflicting objectives in project scheduling problems (PSPs) is a difficult task. We propose a new multi-objective multi-mode model for solving discrete time–cost–quality trade-off problems (DTCQTPs) with preemption and generalized precedence relations. The proposed model has three unique features: (1) preemption of activities (with some restrictions as a minimum time before the first interruption, a maximum number of interruptions for each activity, and a maximum time between interruption and restarting); (2) simultaneous...

Words: 11435 - Pages: 46

Free Essay

Research

...www.jntuworld.com Code No: RR321402 RR SET-1 B. Tech III Year II Semester Examinations, December/January -2011-12 MICROPROCESSORS (MECHANICAL ENGINEERING(MECHATRONICS)) Time: 3 hours Max. Marks: 80 Answer any five questions All questions carry equal marks --1.a) What are various addressing mode in 8085 microprocessor? Explain with suitable example. b) Explain following instructions in detail with the help of examples. i) RAR ii) CPI data iii) CALL addr (Label) iv) SPHL v) XRI data. [8+8] 2.a) b) Draw the structure of 8086 flag register and explain the function of the flags with examples. Explain the function of the following instructions of 8086. i) IN ii) LAHF iii) LDS iv) XLAT v) XCHG [8+8] Discuss various branch instruction of 8086 microprocessor, that are useful for relocation? Write an 8086 assembly Language program to convert a BCD Number to a Binary Number. [8+8] What is an interrupt? Explain different types of interrupts supported by 8086 What are the priority-rules that follow to resolve the problem when two interrupt occurs at the same time? [8+8] Explain string manipulation instructions of 8086 with suitable examples. Write an assembly program to find out whether a given byte is in the string or not. If it is in the string, find out the relative address of the byte from the starting location of the string. [8+8] Distinguish between programmed I/O and interrupt I/O in case of 8086 processor. Interface an 8 × 8 key board using two 8255 ports and write a program...

Words: 1549 - Pages: 7

Premium Essay

Cost-Quality Trade Off

...Expert Systems with Applications 41 (2014) 1830–1846 Contents lists available at ScienceDirect Expert Systems with Applications journal homepage: www.elsevier.com/locate/eswa A new multi-objective multi-mode model for solving preemptive time–cost–quality trade-off project scheduling problems Madjid Tavana a,b,⇑, Amir-Reza Abtahi c, Kaveh Khalili-Damghani d a Business Systems and Analytics Department, Lindback Distinguished Chair of Information Systems and Decision Sciences, La Salle University, Philadelphia, PA 19141, USA Business Information Systems Department, Faculty of Business Administration and Economics, University of Paderborn, D-33098 Paderborn, Germany c Department of Knowledge Engineering and Decision Sciences, University of Economic Sciences, Tehran, Iran d Department of Industrial Engineering, South-Tehran Branch, Islamic Azad University, Tehran, Iran b a r t i c l e i n f o a b s t r a c t Considering the trade-offs between conflicting objectives in project scheduling problems (PSPs) is a difficult task. We propose a new multi-objective multi-mode model for solving discrete time–cost–quality trade-off problems (DTCQTPs) with preemption and generalized precedence relations. The proposed model has three unique features: (1) preemption of activities (with some restrictions as a minimum time before the first interruption, a maximum number of interruptions for each activity, and a maximum time between interruption and restarting); (2) simultaneous...

Words: 11435 - Pages: 46

Premium Essay

Nt1230 Syllabus

...popular desktop operating system(s) for standalone and network client computers, and related aspects of typical network server functions. Client-Server Networking I Syllabus Where Does This Course Belong? 1st QTR GS1140 NT1110 GS1145 Problem Solving Theory Computer Structure and Logic Strategies for the Technical Professional 2nd QTR NT1210 Introduction to Networking NT1230 Client-Server Networking I MA1210 College Mathematics I 3rd QTR NT1310 NT1330 MA1310 4th QTR PT1420 NT1430 EN1320 5th QTR PT2520 NT2580 EN1420 6th QTR NT2640 NT2670 CO2520 7th QTR NT2799 SP2750 Physical Networking Client-Server Networking II College Mathematics II Introduction to Programming Linux Networking Composition I Database Concepts Introduction to Information Security Composition II IP Networking Email and Web Services Communications Network Systems Administration Capstone Project Group Theory The follow diagram indicates how this course relates to other courses in the NSA program: 1 Date: 8/31/2012 Client-Server Networking I Syllabus NT2799 NSA Capstone Project NT2580 Introduction to Information Security NT2670 Email and Web Services NT2640 IP Networking PT2520 Database Concepts NT1330 Client-Server Networking II NT1230 Client-Server Networking I NT1430 Linux Networking PT1420...

Words: 1834 - Pages: 8

Premium Essay

Linear Programming

...LINEAR PROGRAMMING II 1 Linear Programming II: Minimization © 2006 Samuel L. Baker Assignment 11 is on page 16. Introduction A minimization problem minimizes the value of the objective function rather than maximizing it. Minimization problems generally involve finding the least-cost way to meet a set of requirements. Classic example -- feeding farm animals. Animals need: 14 units of nutrient A, 12 units of nutrient B, and 18 units of nutrient C. Learning Objective 1: Recognize problems that linear programming can handle. Linear programming lets you optimize an objective function subject to some constraints. The objective function and constraints are all linear. Two feed grains are available, X and Y. A bag of X has 2 units of A, 1 unit of B, and 1 unit of C. A bag of Y has 1 unit of A, 1 unit of B, and 3 units of C. A bag of X costs $2. A bag of Y costs $4. Minimize the cost of meeting the nutrient requirements. To solve, express the problem in equation form: Cost = 2X + 4Y objective function to be minimized Constraints: 2X + 1Y $ 14 nutrient A requirement 1X + 1Y $ 12 nutrient B requirement 1X + 3Y $ 18 nutrient C requirement 8 8 Read vertically to see how much of each nutrient is in each grain. X $ 0, Y $ 0 non-negativity Learning objective 2: Know the elements of a linear programming problem -- what you need to calculate a solution. The elements are (1) an objective function that shows the cost or profit depending on what choices you make, (2) constraint inequalities...

Words: 4295 - Pages: 18