Questions by alvis22 - Page 27
On January 1, 2024, Nath-Langstrom Services, Incorporated, a computer software training firm, leased several computers under a twoyear operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 4% - The contract calis for four rent payments of $15,000 each, payable semlannually on June 30 and December 31 each year - The computers were acquired by ComputerWorid at a cost of $100.000 and were expected to have a useful life of five years with no residual value. - Both firms record amortization and depreciation semiannually. Note: Use tables, Excel, or a finencial calculator. (EV of.S1. PV olS1, EVA of S1. PVA of S1, EVAD of \$1 and PVAD of S1) Required: 1. Prepare appropriate joumal entries recorded by Nath-Langstrom Services for the first yeat of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease.
3.4 Given the following set of data from a sample of size n=5; 75879 (a) Compute the mean, median, mode, (b) Compute the range, atoriance, standard deviation, and coefficient of variation. (c) Describe the shape. 3.5 Given the following set of data from a sample of size n=7 : 333333 (a) Compute the mean, median, mode, (b) Compute the range, variance, standard deviation, and coefficient of variation. (c) What is unusual about this set of data?
THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 3031. On January 1, Year 1, Test Company purchased 300,000 shares of A Company common stock for $20 per share. The investment represents a 25% ownership interest and gives Test Company the ability to significantly influence the investee. On the date of acquisition, the fair value of A Company's net assets exceeded the book value by $400,000. The amount is attributable to buildings with a remaining useful life of 20 years. During both Year 1 and Year 2, A Company paid dividends of $0.25 per share. A Company reported net income of $1,000,000 for the year ended December 31, Year 1 and $1,200,000 for the year ended December 31 Year 2 . The fair value of A Company's common stock was $21 per share on December 31 , Year 1 and $22 per share on December 31 , Year 2. Assume that Tests Company held no other investments during Year 1 or Year 2. Determine the amount that pretax income would increase (decrease) in Year 1 as a result of the investment. Give your answer using dollar signs and commas but not decimals (cents). Example: $12,345 or $(12,345) Selected Answer: [None Given] Correct Answer: 0 out of 3 points THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 3031. On January 1, Year 1, Test Company purchased 300,000 shares of A Company common stock for $20 per share. The investment represents a 25% ownership interest and gives Test Company the ability to significantly influence the investee. On the date of acquisition, the fair value of A Company's net assets exceeded the book value by $400,000. The amount is attributable to buildings with a remaining useful life of 20 years. During both Year 1 and Year 2, A Company paid dividends of $0.25 per share. A Company reported net income of $1,000,000 for the year ended December 31, Year 1 and $1,200,000 for the year ended December 31 Year 2. The fair value of A Company's common stock was \$21 per share on December 31, Year 1 and $22 per share on December 31 , Year 2. Assume that Tests Company held no other investments during Year 1 or Year 2. Determine the amount that pretax income would increase (decrease) in Year 2 as a result of the investment. Give your answer using dollar signs and commas but not decimals (cents). Example: $12,345 or $(12,345) Selected Answer: [None Given]
Please check my workMillennium Liquors is a wholesaler of sparkiling wines. Its most popular product is the French Bete Noire, which is shipped dShow transcribed dataMillennium Liquors is a wholesaler of sparkiling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 40 cases. Millennium purchases each case for $110, there is a $275 fixed cost for each order (Independent of the quantity ordered), and its annual holding cost is 25 percent. a. What order quantity minimizes Millennium's annual ordering and holding costs? Note: Do not round Intermedlate calculatlons. Round your answer to the nearest whole number. b. If Millennium chooses to order 300 cases each time, what is the sum of its annual ordering and holding costs? Note: Do not round Intermedlate calculatlons. Round your answer to 2 declmal places. c. If Millennium chooses to order 125 cases each time, what is the sum of the ordering and holding costs Incurred by each case sold? Note: Do not round Intermedlate calculatlons. Round your answer to 2 decimal pleces. d. If Millennium is restricted to ordering in multiples of 50 cases (e.g., 50,100,150, etc.), how many cases should it order to minimize its annual ordering and holding costs? Note: Do not round Intermedlate calculations. Round your answer to the nearest whole number. e. Millennium is offered a 5.00 percent discount if it purchases at least 1,000 cases. If It decides to take advantage of this discount, what Is the sum of its annual ordering and holding costs? Note: Do not round Intermeclate calculations. Round your answer to 2 decimal places.