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Assignment 04 A04 Intermediate Accounting I Directions :  Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading.  Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar.  Sources must be cited in APA format.  Refer to the "Assignment Format" page for specific format requirements. Part A (40 points) Vince Corporation has current assets of $300,000 and current liabilities of $175,000. Compute the effect of each of the following transactions on Vince’s current ratio: Refinanced a $50,000 long-term mortgage with a short-term note. Purchasing $80,000 of merchandise inventory with short-term accounts payable. Paying $30,000 of  short-term accounts payable. Collecting $40,000 of short-term accounts receivable. Part B (20 points) Selected data of the Peninsula Company follow: A...

7. (Points: 15.0)  Renfro Company issued $500,000 of 8%, 10-year bonds at 102. Interest is paid annually, and the straight-line method is used for amortization. Assume that the market rate for similar investments is 7%. The bonds are issued on the date of the bonds. (SHOW ALL WORK) What amount was received for the bonds? How much interest is paid each interest period? What is the premium amortization for the first interest period? How much bond interest expense is recorded on the first interest date? What is the carrying value of the bonds after the first interest date? Download A+ Rated Solution CLICK HERE Password shiv for unlock .doc, .xls, .zip file 

Budget Development Given all of the information you have gained in this and other courses, develop a budget for a restaurant business establishment. Develop a monthly budget for one financial year (12 months) by using a sales forecast and variable and  fixed costs based on your business concept. Using industry averages, develop a one-year total budget based on the monthly budgets created. Save the budget sheet as an Excel file Discuss the following aspects that you analyzed or experienced while creating  this budget: What was the most challenging aspect? What do you see as the biggest financial benefit to your organization Download A+ Rated Solution CLICK HERE Password shiv for unlock .doc, .xls, .zip file 

Milton Inc. has prepared the following first quarter sales forecast: January 125,000 units February 187,500 units March 157,500 units Each unit sells for $1.25. The total budgeted sales for the first quarter is: ANSWER Milton Qty for quarter 125,000 + 187,500 + 157,500 = 470,000 units Sales in $         770,000 * 1.25    = $ 5,87,500

Assignment 3: Sources of Revenue The final project will be a cumulative project that will span the weeks of the course. Each week you will complete a section of the project, which will also coincide with that week’s lectures.  Sources of Revenue  Tenet Healthcare and HCA Holdings Inc. are major competitors in the healthcare industry. Visit the Web sites below to review the Income Statements for each healthcare organization.  Tenet Healthcare Corporation: http://www.dailyfinance.com/financials/tenet-healthcare-corporation/thc/nys/income-statement HCA Holdings, Inc. http://www.dailyfinance.com/financials/hca-holdings-inc-common-stock/hca/nys/income-statement Study the revenue source information contained in the report. Present in a bar graph a comparison of the selected healthcare providers’ revenue sources by percentages. In 2 paragraphs write your analysis of the similarities or differences between these revenue sources. Download A+ Rated Solution CLICK HERE Passwor...

Complete the spreadsheet template following Steps 1–10, building a comprehensive workbook of data and analyses that will inform your conclusions in Step 10. Your final spreadsheet should include the following: Tab 1: DATA – completed data sheet (Steps 1–6 above) Tab 2: Excel Summary Stats (Step 7) Tab 3: Graphs – Charts (Step 8) Tab 4: Histogram (Step 8) Tab 5: Sorted Data (Step 9) Format this workbook so that all the spreadsheets can be printed. Now that you have completed your analysis, think about the patterns you’ve seen in the workforce.   Write a short 3-4 paragraph summary of your analysis. This is important. While you have done a wonderful job with your analysis, you can never assume that the end-user will be able to interpret the data the way it should be understood. Supporting narrative is helpful (I call this, never simply providing a “raw data” dump – strive to provide information!). The paper sections include - one paragraph narrative summary of your findings; describ...

Q 1 and Q2 On July 1, 2014 Linked Up Inc. acquired a new machine at a cost of $15,000 with a residual value of $3,000. The estimated useful life is 5 years and 100,000 units. For the year ending June 30, 2015 the machine produced 15,000 units. For the year ending June 30, 2016, the machine produced 10,000 units. 1. Using the three depreciation methods (straight line, units of production, and double decline balancing) calculate the depreciation for the year ending 6/30/15 and present each of the three journal entries in proper form. A. Straight Line B. Units of Production C. Double Declining 2. On July 1, 2016 the machine is sold for $10,000. Complete the journal entry in proper form based on your calculations under each of the three depreciation methods (see item 1 in this problem). You will present three separate, independent journal entries. A. Straight Line B. Units of Production C. Double Declining Q3 Sale and Disposal of Assets – SEE EXCEL WORKSHEET United Beverage Company owns a...

Below is the question; min. 200 words. After reviewing the tutorial discuss social contract theory and apply social contract theory to a business situation you are familiar with. To what extent does SCT help to explain differences in ethics and ethical perspectives in a culturally diverse setting? What is the efficacy of SCT in describing issues related to business ethics? Pearson MyCourse Tools, (2015). Social Contract Theory. Interactive Tutorial Download A+ Rated Solution CLICK HERE Password shiv for unlock .doc, .xls, .zip file

CBO-iShares 1-5 year Laddered Corporate Bond Index ETF- and XIU-iShares S&P/TSX 60 Index ETF- are two iShares ETFs tracking and Canadian bond market and Canadian equity market, respectively. Thus, they are popularly used by Canadian investors as proxies for Canadian bond and equity markets. You can find out the historical closing prices of CBO and XIU from the following website: http://ca.ishares.com/product_info/fund/index.htm Download the most recent three years weekly date. Suppose that now you have $80 million to invest for six months and you want to invest those money into CBO, XIU and the Canadian 6-month T-bill. Assume that the interest rate of the 6-month T-bill is 2% per annum. Use EXCEL to answer following questions: 1. Estimate the weekly expected returns, standard deviations of CBO and XIU, respectively, and their correlation and covariance. Then convert them into those with six-month (26 weeks) horizon. 2. Draw the opportunity set offered by these two  secur...

Radical Co. Balance Sheet Cash $ 50 Accounts payable $100 Inventory $150 Notes payable 100 Fixed assets $600 Long-term debt 350 Equity 250 Total assets $800 Total liabilities & equity $800 Radical Co. Income statement Sales $800 Costs 600 EBT $200 Taxes (34%) 68 Net income $132 a. Suppose that current assets, costs, and accounts payable maintain a constant ratio to sales. The firm retains 40% of earnings. i. If the firm is producing at full capacity, what is the total external financing needed if sales increase 25%, assuming fixed assets increase proportionately with sales (4 marks)? ii. If the firm is producing at only 90% capacity, describe how this would impact your answer. You don’t need to do a calculation, but it may help you to explain your reasoning. (3 marks) b.. Suppose the firm wishes to maintain a constant debt-equity ratio, retains 60% of net income, and raises no new equity. Assets and costs maintain a constant ratio to sales. What is the maximum inc...

Once you have defined what the project is at a meeting, how do you communicate to the other members of the group about what progress is taking place? Please include the types of groupware that could be used to communicate with group members. Download A+ Rated Solution CLICK HERE Password shiv for unlock .doc, .xls, .zip file 

Initially the only information that I have is that the loan amount is for £500, the interest rate (simple interest) is fixed at 0.7% per day, I want to repay over 5 installments and the term of the loan is 144 days.  i'm trying to work backwards by finding the monthly repayment and then I can calculate what element is capital and what is interest. Any amortization calculations online assume payments are for a full month. Is there a formula out there that works out the monthly repayment for uneven days in a month? I know that the 1st repayment will be taken 22 days after the loan is drawn down. Download A+ Rated Solution CLICK HERE Password shiv for unlock .doc, .xls, .zip file 

Provide detailed descriptions and show all calculations used to arrive at solutions for the following questions: 1. Community Hospital has annual net patient revenues of $150 million. At the present time, payments received by the hospital are not deposited for six days on average. The hospital is exploring a lockbox arrangement that promises to cut the six days to one day. If these funds released by the lockbox arrangement can be invested at 8 percent, what will the annual savings be? Assume the bank fee will be $2,000 per month. 2. St. Luke’s Convalescent Center has $200,000 in surplus funds that it wishes to invest in marketable securities. If transaction costs to buy and sell the securities are $2,200 and the securities will be held for three months, what required annual yield must be earned before the investment makes economic sense? 3. Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensa...