Analysis of stockholders’ equity

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ACC 206 Week Two Assignment

 

 

Please complete the following exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document, and submit it in the appropriate week using the Assignment Submission button.

1. Analysis of stockholders’ equity

 

Star Corporation issued both common and preferred stock during 20X6. The stockholders’ equity sections of the company’s balance sheets at the end of 20X6 and 20X5 follow:

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20X6

20X5

Preferred stock, $100 par value, 10%

$580,000

$500,000

Common stock, $10 par value

2,350,000

1,750,000

Paid-in capital in excess of par value
Preferred

24,000

Common

4,620,000

3,600,000

Retained earnings

8,470,000

6,920,000

Total stockholders’ equity

$16,044,000

$12,770,000

 

 

 

  1. Compute the number of preferred shares that were issued during 20X6.
  2. Calculate the average issue price of the common stock sold in 20X6.
  3. By what amount did the company’s paid-in capital increase during 20X6?
  4. Did Star’s total legal capital increase or decrease during 20X6? By what amount?

 

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2. Bond computations: Straight-line amortization

 

Southlake Corporation issued $900,000 of 8% bonds on March 1, 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.

 

  • Case A—The bonds are issued at 100.
  • Case B—The bonds are issued at 96.
  • Case C—The bonds are issued at 105.

 

 

 

Southlake uses the straight-line method of amortization.

 

 

 

Instructions:

 

Complete the following table:

Case A

Case B

Case C

  1. Cash inflow on the issuance date

_______

_______

_______

  1. Total cash outflow through maturity

_______

_______

_______

  1. Total borrowing cost over the life of the bond issue

_______

_______

_______

  1. Interest expense for the year ended December 31, 20X1

_______

_______

_______

  1. Amortization for the year ended December 31, 20X1

_______

_______

_______

  1. Unamortized premium as of December 31, 20X1

_______

_______

_______

  1. Unamortized discount as of December 31, 20X1

_______

_______

_______

  1. Bond carrying value as of December 31, 20X1

_______

_______

_______

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3. Definitions of manufacturing concepts

Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:

 

Materials and supplies used

 

Brass $75,000

 

Repair parts 16,000

 

Machine lubricants 9,000

 

Wages and salaries Machine operators 128,000

 

Production supervisors 64,000

 

Maintenance personnel 41,000

 

Other factory overhead Variable 35,000

 

Fixed 46,000

 

Sales commissions 20,000

 

 

 

Compute:

 

  1. Total direct materials consumed
  2. Total direct labor
  3. Total prime cost
  4. Total conversion cost

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4. Schedule of cost of goods manufactured, income statement

 

The following information was taken from the ledger of Jefferson Industries, Inc.:

 

Direct labor

$85,000

Administrative expenses

$59,000

Selling expenses

34,000

Work in. process:
Sales

300,000

Jan. 1

29,000

Finished goods Dec. 31

21,000

Jan. 1

115,000

Direct material purchases

88,000

Dec. 31

131,000

Depreciation: factory

18,000

Raw (direct) materials on hand Indirect materials used

10,000

Jan. 1

31,000

Indirect labor

24,000

Dec. 31

40,000

Factory taxes

8,000

Factory utilities

11,000

 

Prepare the following:

 

  1. A schedule of cost of goods manufactured for the year ended December 31.
  2. An income statement for the year ended December 31.

 

 

 

5. Manufacturing statements and cost behavior

 

Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows.

 

Per Unit

Variable Cost

Fixed Cost

Direct materials

$4.50

$ —

Direct labor

6.5

Factory overhead

9

50,000

Selling

70,000

Administrative

135,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Production and sales totaled 20,000 rolls and 17,000 rolls, respectively There is no work in process. Tampa carries its finished goods inventory at the average unit cost of production.

 

Instructions:

 

  1. Determine the cost of the finished goods inventory of light-gauge aluminum.
  2. Prepare an income statement for the current year ended December 31
  3. On the basis of the information presented:

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  1. Does it appear that the company pays commissions to its sales staff? Explain.
  2. What is the likely effect on the $4.50 unit cost of direct materials if next year’s production increases? Why?

discuss the fundamental principles of environment science

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Write a 840 word paper in which you discuss the

fundamental principles of environment science. In your paper,

answer the following questions:

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-How do you define environmental science?

-How does the relationship between science and technology

affect environmental problems and solutions in today’s society?

-Why is the concept of environmental sustainability important,

and why should it be studied? What are the historical patterns

surrounding sustainable and unsustainable human interactions

with the environment?

-In general, how do human values affect sustainability given

current challenges facing society?

-After reviewing the research on the environment, how do

environmental hazards affect human health? Provide at least

two examples.

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Choose a topic

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For this assignment, students will select one of the following topics or issues related to Death & Dying to research:

  • Loss of spouse: role of caretaker (include perspectives of dying spouse)
  • Death by natural causes
  • The death penalty: The convicted (not legal political perspective, simply related to death and dying) and the victim
  • Unproven therapies
  • End of life: Hospice, Palliative Care, Health care reform
  • Euthanasia / Assisted suicide
  • Suicide
  • Cultural and religious rituals and differences
  • Healthcare costs/financial issues
  • Advance directives (DNRs)
  • Legal aspects of dying
  • Accidental death: loved one in the military, auto accident
  • Violent/criminal death of loved one
  • Death, spirituality and coping

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The following are examples of some points you can include as they relate to your topic:

  • Description of topic: Briefly describe your specific topic and why it is of particular interest for the course.
  • Dying process: Describe the death and dying process.
  • Support: Describe how you would be able to support the grieving individual.
  • Community support: What resources are available in your community?  Describe how you would help someone dealing with issue of death in your community.
  • Legal or ethical issues: Examine and discuss any specific, relevant legal or ethical issues.
  • Personal perspectives/examples: Share any insights you may have on this topic that best explain personal thoughts, beliefs, and values. Use pertinent examples to illustrate your points.

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Writing the Final Paper

The Final Paper:

  1. Must be eight to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
  2. Must include a title page with the following:
    • Title of paper.
    • Student’s name.
    • Course name and number.
    • Instructor’s name.
    • Date submitted.
  3. Must begin with an introductory paragraph that has a succinct thesis statement.
  4. Must address the topic of the paper with critical thought.
  5. Must end with a conclusion that reaffirms your thesis.
  6. Must use at least five scholarly sources, including a minimum of two from the Ashford University Library.
  7. Must document all sources in APA style, as outlined in the Ashford Writing Center.
  8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

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Discuss a basic marketing plan to bring your new product idea to the attention of the public and help your product be successful

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Discuss a basic marketing plan to bring your new product idea to the attention of the public and help your product be successful. Make sure to include the following in your response:

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  • Given the information you have researched on the industry and market for the product that your group will introduce, what specific channels would you use to get the word out to potential customers?
  • How would you plan to capture the market share you have promised to your CEO? Explain the target market, message, the mediums you would use, their costs, and so forth.

Suggestions for Responding to Peer Posts

  • Compare the details of the target market, message, mediums, their costs, etc. of your peer to your own.
  • What similarities or differences can you find?
  • Were there any considerations that were missed by you or your peer?

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Using these data from the comparative balance sheet of Rosalez Company, perform vertical analysis

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Question 2

Using these data from the comparative balance sheet of Rosalez Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)

Dec. 31, 2012

Dec. 31, 2011

Amount

Percentage

Amount

Percentage

Accounts receivable

$ 566,400

 %

$ 372,800

 %
Inventory

$ 767,100

 %

$ 607,800

 %
Total assets

$3,124,300

 %

$2,840,100

 %

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Question 3

Vertical analysis (common-size) percentages for Vallejo Company’s sales, cost of goods sold, and expenses are listed here.

Vertical Analysis

2012

2011

2010

Sales

100

%

100

%

100

%
Cost of goods sold

61.3

64.2

65.2

Expenses

24.1

 

27.7

 

28.4

 

Did Vallejo’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Question 4

Horizontal analysis (trend analysis) percentages for Spartan Company’s sales, cost of goods sold, and expenses are listed here.

Horizontal Analysis

2012

2011

2010

Sales

96.2

%

104.8

%

100.0

%
Cost of goods sold

101.0

98.0

100.0

Expenses

105.6

95.4

100.0

Explain whether Spartan’s net income increased, decreased, or remained unchanged over the 3-year period.

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Question 5

These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).

2009

2008

Cash

$ 13,606

$ 7,669

Accounts receivable

23,045

19,951

Inventories

31,087

31,345

Other current assets

12,522

11,909

Total current assets

$ 80,260

$ 70,874

Total current liabilities

$245,805

$326,203

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Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. .12 : 1.)

2009

2008

Current ratio:

3.06

:1

4.6

:1

 

Question 6

Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $738.7 million and sales of $24,275.5 million in 2009. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Staples, Inc.’s asset turnover ratio and profit margin ratio? (Round answers to 2 decimal places, e.g. 1.25 or 2.05%.)

Asset turnover ratio

 times
Profit margin ratio

 %

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Question 7

Selected data taken from a recent year’s financial statements of trading card company Topps Company, Inc. are as follows (in millions).

Net sales

$326.7

Current liabilities, beginning of year

41.1

Current liabilities, end of year

62.4

Net cash provided by operating activities

10.4

Total liabilities, beginning of year

65.2

Total liabilities, end of year

73.2

Capital expenditures

3.7

Cash dividends

6.2

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Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results. (Round answers to 2 decimal places, e.g. 0.12.)

Current cash debt coverage ratio

 times
Cash debt coverage ratio

 times
Free Cash Flow

$

 millions

 

Copyright request 03

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You are the owner of Sony. You have just developed the newest hype in gaming consoles, the PlayStation4. What steps must you take in order to obtain all the necessary trademark, copyrights, and patents for the new gaming console? What steps should you take to protect the PlayStation4 trade secret? Submit your answers in a 4-page (body minimum) paper using APA format. Your title and reference page are not to be included in the page requirement.

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Which do you believe presents the greatest threat to civil society: a corporation that commits crimes (e.g., murder, environmental crimes, or bribery, etc.), or persons who commit crimes that harm businesses (e.g., embezzlement, fraud, or larceny, etc.)?

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Which do you believe presents the greatest threat to civil society: a corporation that commits crimes (e.g., murder, environmental crimes, or bribery, etc.), or persons who commit crimes that harm businesses (e.g., embezzlement, fraud, or larceny, etc.)?

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NIOSH Health Hazard Evaluation Reports

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Unit VIII Case Study

Select one of the three NIOSH Health Hazard Evaluation Reports listed below, and perform a critical analysis of the report.

Option 1. Health Hazard Evaluation Report, HETA 2010-0114-3168. (2012). Ergonomic Evaluation of Surfacing and Finishing Tasks during Eyeglass Manufacturing – Minnesota. http://www.cdc.gov/niosh/hhe/reports/pdfs/2010-0114-3168.pdf

Option 2. Health Hazard Evaluation Report, HETA 2010-0008-3148. (2011). Ergonomic and Safety Climate Evaluation at a Brewery – Colorado. http://www.cdc.gov/niosh/hhe/reports/pdfs/2010-0008-3148.pdf

Option 3. Health hazard evaluation report, HETA 2007-0098-3061. (2008). Ergonomic Evaluation of Frank Hangers at a Turkey Processing Plant – California. http://www.cdc.gov/niosh/hhe/reports/pdfs/2007-0098-3061.pdf

Your case study review must include the following headings per APA guidelines:

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1. Introduction –Provide a description of the selected case. Describe the issues of the case, and state the purpose for the paper. 2. Methods – State the evaluation criteria used in the NIOSH HHE Report. 3. Results – Present the findings from the Health hazard evaluation. 4. Recommendations – Describe the recommendations for improvements. 5. Discussion – Review relevant literature on the subject. Does research support the recommendations of the case? In addition, are there any other issues of concern?  6. Conclusion – Present your comments on the case. What did you learn in this review? What more would you like to have seen discussed in the report? In general, your own opinions should only be included in this section.

Instructions:

Your answer to this assignment must be four to six pages, double spaced, and 12 point font (separate title page and reference page are not included in the page length). The assignment requires that you use your textbook and at least two other references and readings which pertain to the topic in question.

The book I am using is Ergonomics  Foundational Principles Applications, and Technologies by Pamela McCauley Bush, PHD, CPE

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Chinese Imports & Food Safety

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After viewing the Chinese Imports & Food Safety Video, consider whether U.S. retailers that utilize products or raw ingredients that are imported from China and that are poorly regulated should be liable in tort for injuries to consumers who are harmed by those products. Answer parts 1 and 2 of the following question:

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1. Answer part a or part b

a. If U.S. companies should not be liable, then they could be legally exempt from tort liability. Discuss the consequences of such a policy to U.S. consumers.

b. If the U.S. companies should be liable, then those companies would not be legally exempt from tort liability. Discuss the consequences of such a policy to U.S. businesses.

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2. Regardless of your response to part 1 of this question, assume that U.S. retailers do have legal liability for defective products. What steps could U.S. retailers and manufacturers take, when using products imported from China that would minimize their liability exposure? For example, they could warn consumers about the potential, though speculative, dangers when using products comprised of poorly regulated ingredients or components. Given your strategy, what challenges would exist for U.S. businesses that implemented your strategy?

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