Finance Yangrui liu 01/13/2015 15. | | | | | | |2013 |2014 | | | | | |Assets | | | | |Current assets | | | | | | |Cash | | | |$21,396 |$24,385 | | |Accounts receivable | |51,552 |58,318
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Powered by S&P Capital IQ INDUSTRY SURVEYS Technology Hardware, Storage & Peripherals April 2015 ANGELO ZINO, CFA Equity Analyst www.spcapitaliq.com 2 April 2015 INDUSTRY SURVEYS Technology Hardware, Storage & Peripherals PERFORMANCE Sector Overview Industry Overview Revenues Expenses Profits & Margins Valuation Capital Markets INDUSTRY PROFILE Trends INQUIRIES & CLIENT SUPPORT 800.523.4534 clientsupport@standardandpoors.com SALES
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buy if buying is better. 1. Substitution effect - The idea that as prices rise (or incomes decrease) consumers will replace more expensive items with less costly alternatives. Conversely, as the wealth of individuals increases, the opposite tends to be true, as lower-priced or inferior commodities are eschewed for more expensive, higher-quality goods and services - this is known as the income effect. Although beneficial to some (i.e. discount retailers), in general, the substitution
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breaking up the oil industry into smaller parts, society gets more benefits from its scarce resources. This policy corrects the market failure caused by a market power, or monopoly, in the oil industry. 8e. Imposing higher personal income tax rates on people with higher incomes: Equality- This government policy is helping to more evenly distribute economic well being throughout society. 8f- Instituting laws against driving while intoxicated: Efficiency- Drunk driving is an example of a negative
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Times Interest Earned* 18 4.8+1.5 = 2.86 x 18 4.8 = 3.75x Operating Profit 18,000,000 18,000,000 Interest Expense 6,300,000 4,800,000 Earnings before tax 11,700,000 13,200,000 Income tax exp. (40%) 4,680,000 5,280,000 Net Income 7,020,000 7,920,000 Shares Outstanding 800,000 1,000,000 Earnings Per Share $8.78 $7.92 Return on Equity 7,020 50,000 = 14.04% 7,920 60,000 = 13.20% Return on Assets (adjusted)
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Roberts proposed was not necessarily the best representation of the variances for Boston Creamery. Roberts’ report stated a favorable variance of $71,700 coming mainly from sales volume. He used the revised budgeted operating income and the original budgeted income to come up with the sales volume number. The budget was not detailed as to what accounted for the differences though. That would be the first change to the variance analysis report, provide a clearer depiction of the results.
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Summary of facts Three Little Pigs, Inc. (PIGS), is a vertically-integrated provider of pork products that produces approximately 4.1 million hogs per year. The company mainly deals with wholesale and retail food service and institutional markets in the United States, as well as outside third parties. PIGS classify their hog inventory into three major categories: live hogs ready for sale, developing animals, and processed pork products. Management believes that there is no lower cost of market
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CHAPTER 17 Investments EXERCISE 17-2 (10–15 minutes) (a) January 1, 2013 Debt Investments $300,000 Cash $300,000 (b) December 31, 2013 Cash $36,000 Interest Revenue $36,000 (c) December 31, 2014 Cash $36,000 Interest Revenue $36,000 EXERCISE 17-5 (20–30 minutes) (a) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method 9% Bond Purchased to Yield 12% |Date |Cash Received |Interest Revenue
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included in cost of goods sold is determined as follows: $1,337,000 x 90% = $1,203,300 Alternatrive computation for the same result follows : ($1,337,000 ÷ 4,000) X 3,600 = $1,203,300 Problem 1-20B Event | | Assets | = | Equity | | Income Statement | | | | | | | | Manuf. | | Office | | Com. | | | | | | | | | | No. | | Cash | + | Invent. | + | Equip*. | + | Furn.* | = | Stk. | + | Ret. Ear. | | Rev. | – | Exp. | = | Net Inc. | | 1. | |
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Correct. | | | Journalize the transactions and the closing entry for net income. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Date | Account / Description | Debit | Credit | Feb. 1 | Cash | $ 25000 | | | Common stock | | $ 15000 | | Paid-in cap. in excess of stated value-Comm. stock | | $ 10000 | Mar. 20 | Treasury stock-Common | $ 12000 | | | Cash | | $ 12000 | | | | | June
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