Question 1
Plagiarism is not permitted!!!!! Further our chat last night. In the Smith Family (Do part A only) you are faced with a situation where the family's finances are in a mess. 1. First you have to put the information they have is a format that you can analyze(show these statements in your report), then you must analyze their situation to determine the options available to them to bring their finances under control (Expenses that can be eliminated or reduced for example). Then you should make recommendations and finally you should prepare a statement showing how their finances will look like after your recommendations have been made. (Using excel and its financial functions) 2. How should Matt react to the family's situation? What do you think of their financial goals? Are there other goals that would be more appropriate? Will you be able to help them Consider: The composition of the Smith Family balance sheet the Family's financial goals How they can achieve their goals, implement a financial plan, and evaluate their plan. 3. Use the information provided to prepare a family balance sheet. What is the family's total net worth> According to the information you have, will the family be successful in achieving its lifestyle and savings goals? why or why not? 4. Amber believes that it is important to have $100,000 saved before Luke starts university-- will they be able to meet this goal? Is this Goal realistic? 5. comment on the appropriate investment maturities the family should consider for; a. savings for a different car b.savings for their retirement (RESP) c. Savings for their sons education 6. Based on everything you know so far, Can the family do all of the things it plans to do? will some adjustments be necessary? Comment on the Credit Card offer the family recently received in the mail.
Question 2
1. Does the report include any descriptive statistics? Do these statistics sufficiently describe the major characteristics of the researchers data set? 2. Were indices of central tendency and variability provided in the report? 3. Were any risks indices included? Were the correct descriptive statistics used? (was mean used when a median would have been more apporpriate?) 4. Does the report include any inferential statistics? What statistical tests were used? Were the tests parametric or non-parametric? 5. Does it appear the researchers chose the appropriate tests? Does the report contain sufficient information for you to judge whether appropriate statistics were used? Are the interpretations consistent with the results? Do the interpretations give due condideration to the limitatiosn of the study? Are the results resulted (a) interms of conceptual framework, and (b) in light of findings from other studies? Does the report address the generalizability of the findings? Did the researchers discuss the implications for clinical practice or further inquiry? If so, are those implications reasonable and complete?,Thank you, I look forward in hearing from you! I am working on other parts, these are the ones I had the most problems with. Thank you, Heather,Just checking to see how things are going? Heather
Question 3
Problem 6-19 Feather Friends, Inc. distributes a high quality wooden birdhouse that sells for $20 per unit. Variable costs are $8 per unit and fixed costs total $180,000 per year. Required: Answer the following independent questions: 1. What is the products CM ration? 2. Use the CM ratio to determine the break-even point in sales dollars. 3. Due to an increase in demand, the company estimates that sales will increase by $75,000 during the next year. By how much should net operating income increase (or net loss decrease) assuming that fixed costs do not change.? 4. Assume that the operating results for last year were: Sales ???????????????????? $400,000 Variable expenses????????????.. 160,000 Contribution margin???????????.. 240,000 Fixed Expenses??????????????.. 180,000 Net operating income??????????? $ 60,000 a. Compute the degree of operating leverage at the current leel of sales. b. The president expects sales to increase by 20% next year. By what percentage should net operating income increase? 5. Refer to the original data. Assue that the company sold 18,000 units last year. The sales manager is convinced that a 10% reduction in the selling price, combined with a $30,000 increase in advertising, would cause annual sales in units to increase by one-third. Prepare two contribution format income statemetns, one showing the results of last year?s operations and one showing the results f operations if these changes are made. Would you recommend that the company do as the sales manager suggests? 6. Refere to the original data. Assume again that the company sold 18,000 units last year. The president does not want to change the selling price. Instead, he wants to increase the sles commission by $1 per unit. He thinks that this move, combined with some increase in advertising, would increase annual sales by 25%. By how much could advertising be increased with profits remaining unchaged? Do not prepare an income statement, use the incremental analysis approach.
Question 4
The task of best stock solutions: Renee is considering investing in three different stocks or creating three distinct two stock portfolios. Renee considers herself to be a conservative investor. She is able to obtain forecasted returns for the three securities for the years 2013 through 2019. The data are as follows: Year Stock A Stock B Stock C 2013 10% 10% 12% 2014 13% 11% 14% 2015 15% 8% 10% 2016 14% 12% 11% 2017 16% 10% 9% 2018 14% 15% 9% 2019 12% 15% 10% In Any of the two possible stock portfolios, the weight of each stock in the portfolio will be 50%. The three possible portfolio combinations are AB, AC, BC. To Do Create a spreadsheet to answer the following questions? A. Calculate the expected return for each individual stock . B. Calculate the standard Deviation for each individual stock. C.Calculate the expected returns for portfolio AB, AC, BC. D.Calculate the standard Deviations for portfolios AB, AC, BC E.Would you recommend that Jane invest in single stock A or the portfolio consisting of stocks A and B ? Explain your answer from a risk return view point. F.Would you recommend that Jane invest in the single stock B or the portfolio consisting of stocks B and C ? Explain your answer from a risk return view point.
Question 5
. If an available-for-sale investment is sold for which there are unrealized gains in accumulated other comprehensive income (AOCI), a reclassification adjustment affects other comprehensive income (OCI) in the period of sale by A. reducing OCI for the amount of unrealized gains in AOCI. B. increasing OCI for the amount of unrealized gains in AOCI. C. no effect on OCI, as OCI only includes the effects of unrealized gains and losses. D. no effect on OCI, as the realized gain is included in AOCI. If an available-for-sale investment is sold for which there are unrealized losses in accumulated other comprehensive income (AOCI), the total effect on total comprehensive income is A. an increase. B. a decrease. C. no effect. D. can't determine given this information. Sloan Company has owned an investment during 2009 that has increased in fair value. After all closing entries for 2009 are completed, the effect of the increase in fair value on total shareholders' equity would be: A. higher under the available-for-sale approach than under the trading-securities approach. B. lower under the available-for-sale approach than under the trading-securities approach. C. the same amount under the available-for-sale and trading-securities approaches. D. not possible to identify whether the available-for-sale or trading-securities approaches yield higher shareholders' equity given this information.,Dyckman Dealers has an investment in Thomas Corporation that Dyckman accounts for as a trading security. Thomas Corporation shares are publicly traded on the New York Stock Exchange, and the prevailing price on that exchange indicates that Dyckman's investment is worth $20,000. Yet, Dyckman management believes that the stock market is generally overvalued, and their analysis of the Thomas investment suggests to them that it is worth $18,000. Dyckman should carry the Thomas investment on their balance sheet at: A. $20,000. B. $18,000. C. either $18,000 or $20,000, as either are defensible valuations. D. $19,000, the midpoint of Dyckman's range of reasonably likely valuations of Thomas. In the statement of cash flows, inflows and outflows of cash from buying and selling available for sale securities are considered: A. Operating activities. B. Financing activities. C. Investing activities. D. Noncash financing activities. If the fair value of an available-for-sale investment declines for a reason that is viewed as "other than temporary", A. the investment is not written down to fair value. B. the investment is written down to fair value, and the impairment loss is recognized in net income. C. the investment is written down to fair value, and the impairment loss is recognized in accumulated other comprehensive income. D. the investment is treated the same way it would be treated if the decline in fair value was viewed as temporary. On April 1, 2009, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which is $40,000 more than 30% of the book value of LittleTick's identifiable net assets. BigBen attributed $15,000 of the $40,000 difference to inventory that will be sold in the remainder of 2009, and the rest to goodwill. LittleTick recognized a total of $20,000 of net income for 2009, and paid a total of $10,000 of dividends to shareholders. BigBen's investment in LittleTick will affect BigBen's 2009 net income by: A. a loss of $10,500. B. earnings of $4,500. C. earnings of $1,125. D. earnings of $3,450. Gerken Company concluded at the beginning of 2009 that the company's ownership interest in DillCo had increased to the point that it became appropriate to begin using the equity method to account for the investment. The balance in the investment account is $50,000 at the time of the change, and accountants working with company records determined that the balance would have been $75,000 if the account had been adjusted for investee net income and dividends as prescribed by the equity method. After implementing the change to the equity method, if financial statements were prepared, A. net income and retained earnings will be higher by $25,000. B. net income will be unchanged, and retained earnings will be higher by $25,000. C. net income and retained earnings will be higher by $75,000. D. the accounts will be unchanged, because no adjustment is necessary.
