Question 1
I am working on the City of Smithville project. It gives the following intro information: e. On January 2, 2012, the City of Smithville approved the issuance of additional street improvement bonds in the total amount of $2,500,000. The new bonds will be deferred serial bonds and will bear interest at the nominal annual rate of 6 percent. These bonds are dated January 1, 2012, and will be issued during the year when the city?s bond underwriters believe market conditions are most favorable. The first interest payment on the new bonds will be due on July 1, 2012; interest will be payable January 1 and July 1 of each following year until maturity. $250,000 of bonds will mature on January 1, 2022, and in the same amount each year thereafter until all bonds of the 2012 issue have been retired. To give you some additional practice on accounting for a debt service fund, record the following events and transactions that are presumed to occur in fiscal year 2012 in the Street Improvement Debt Service Fund only. You should ignore entries that would be required in the General Fund and in the governmental activities general journal related to these transactions for fiscal year 2012. However, a new fund, the Investment Pool Fund, has recently been created (see Chapter 8). The Investment Pool Fund will be used to account for the investments of the Street Improvement Debt Service Fund, effective FY 2012. You will be prompted in Chapter 8 to make any entries related to these investments. The Street Improvement Debt Service Fund reports all such investments as Equity in Pooled Investments. What would be the journal entry for the Street Improvement Debt Service Fund for Para 6-e-1 ? 1. [Para. 6-e-1] On January 1, 2012, the Street Improvement Debt Service Fund budget for 2012 was legally adopted. The budget provided for estimated other financing sources to be transferred from the General Fund in an amount equal to the $150,000 appropriations for interest for the year on all street improvement bonds expected to be outstanding during the year (including those issued in 2011), plus an amount of $220,000 to be invested in the City of Smithville?s new Investment Pool Fund for eventual bond redemption ($370,000 in total). The budget also provided for estimated earnings of $6,600 on the Street Improvement Debt Service Fund?s equity in pooled investments of the Investment Pool Fund. No premium or accrued interest on bonds sold is included in the 2012 estimated other financing sources or estimated revenues; if the Street Improvement Debt Service Fund does receive such items, they will be invested and used for eventual bond redemption and the budget will be amended accordingly to reflect such items.
Question 2
Please note that you are required to support your views by citing your sources in all assignments. Even if the question asks for your opinion, you are still expected to support your opinion with references to published works and other materials. APA Format is necessary for your assignments when citing references, and assistance on how to do so is available using the APA Citation Center. Choose Library from the top navigation bar. Choose APA Citation Center from the left navigation bar. Click Example Sources. Scroll down and click APA Documentation. For more information on citing your sources, please click on "About this Course" link in the classroom. The data set for our course is a sample of a survey conducted on the population of the American Inmate Union (AIU). It is available via the following link: DataSet with DataSet Key which contains the following nine sections of data that will be used throughout our course: Gender Age Type of Offense Prison Facility Length of Sentence Criminal Justice System Legal Services? Satisfaction with the actual performance of attorney Sentence satisfaction- Incarceration Services ? Health, food, vocational training, etc. In each of the assignments in this course you will be dealing with the following scenario: American Inmates Union (AIU) has assembled a team of researchers in the United States and around the world to study inmates? satisfaction with the criminal justice system. Congratulations, you have been selected to participate in this massive global undertaking. The study will require that you examine data, analyze the results, and share the results with groups of other researchers. Inmates? Satisfaction is important to all criminal justice organizations large and small and understanding inmates? concerns provides criminal justice management with insights into areas that can be modified used to strengthen the criminal justice system. In the first assignment you are to complete the following: You will need to examine two of the nine sections of data - one section of qualitative data (Gender, Position, etc.) and one section of quantitative data (Legal services Satisfaction, Sentence Satisfaction, etc.), from the provided data set through the link above. Each section should include all data points listed in the column for the variable. The requirements include identifying the data you selected, discussing why the data was selected and what was learned by examining these sets of data. Your analysis should include using Microsoft Excel to obtain information about the data through the use of three measures of central tendency (mean, median, and mode) and the use of two measures of variability (standard deviation and variance). Some measures are appropriate for qualitative data and some are appropriate for quantitative data. If a measure is not applicable, then explain why. You will have to also provide one chart/graph for each of the results of the two processed sections of data (2 total), such as a pie or bar chart or a histogram. (A table is NOT a chart/graph.) Ensure that you label the chart/graph clearly. You will then need to discuss what you additionally learned from the results of this process. Explain why charts/graphs are important in conveying information in a visual format and why standard deviation and variation are important. You will need to combine all of the items above into one comprehensive report. The report should be well written and should flow well with no grammatical errors. It should include proper citation in APA formatting in both the in-text and reference pages and include a title page, be double-spaced and in Times New Roman, 12-point font. APA formatting is necessary to ensure academic honesty. Assignment Guidelines: ? Examine one section of qualitative data (Gender, facility, etc.) and one section of quantitative data (Legal services Satisfaction, Sentence Satisfaction, etc.). ? In a Word document, identify the data that you selected, discuss why the data was selected for the research, and explain what was learned from collecting the data. ? Use Microsoft Excel to find the mean, median, mode, variance, and standard deviation of your two sets of data. Explain why you couldn't obtain them all for the qualitative data. ? Create a chart or a graph for each field of data. Make sure you label the charts or graphs accordingly. ? Discuss what you learned from creating the charts or graphs and explain why charts are important for conveying data. Compile all of the above information into a single, 3 page Word document. Your submitted assignment (125 points) must include the following: ? A Word document that contains your selected data, responses to the discussion subtopics outlined in the Assignment Guidelines, and your properly labeled graphs/charts for the selected data. Grading: You will be graded on the accuracy of your statements, chart completion, and your adherence to the Assignment Guidelines. Please submit your assignment. For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s): Unit 1 - Collection and Organization of Data Unit 1 - Collecting and Analyzing Data Unit 1 - Presenting and Summarizing Data Instructor Comments: The hyperlink for the data set does not work so please use the copy of the data set/data key in the instructor files section. Assignment Type: Discussion Board Deliverable Length: 5?7 paragraphs Points Possible: 75 Due Date: 11/14/2010 11:59:59 PM CT Use the Web resources, library, and course materials to research 5 different methods for data collection and the use of statistics in criminal justice. Assignment Guidelines Research and describe 5 data collection techniques in your own words. Be sure to cite any sources you used in APA format. Answer the following questions: Why is the examination of collected data so important? How are statistics used in the field of criminal justice? Post a new topic to the Discussion Board that contains your data collection technique descriptions and your answers to the above questions. Respond to at least 2 other students' posts on the Discussion Board. Your submitted assignment (75 points) should include the following: 50 Points: Your Discussion Board topic containing your data collection technique descriptions and your responses to the questions in the assignment guidelines 25 Points: Responses to at least 2 other students' Discussion Board posts In your own words, please post a new topic to the Discussion Board, and comment on two other postings. You will be graded on the quality of your postings. For assistance with your assignment, please use your text, Web resources, and all course materials. Please refer to the following multimedia course material(s): Unit 1 - FAQ: Crime Reporting and Statistics Unit 1 - Data Collection and Summarization
Question 3
1.Superior Industries' sales budget shows quarterly sales for the next year as follows: Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. Budgeted production for the second quarter should be: A. 7,200 units B. 8,000 units C. 8,800 units D. 8,400 units 2.Mouw Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,400 direct labor-hours will be required in January. The variable overhead rate is $4.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $77,220 per month, which includes depreciation of $9,720. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: A. $67,500 B. $91,260 C. $100,980 D. $23,760 3. The manufacturing overhead budget at Formica Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 4,400 direct labor-hours will be required in October. The variable overhead rate is $8.90 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $86,680 per month, which includes depreciation of $16,280. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for October should be: A. $19.70 B. $24.90 C. $8.90 D. $28.60 4.Portsche Snow Removal's cost formula for its vehicle operating cost is $2,310 per month plus $317 per snow-day. For the month of November, the company planned for activity of 18 snow-days, but the actual level of activity was 20 snow-days. The actual vehicle operating cost for the month was $8,730. The activity variance for vehicle operating cost in November would be closest to: A. $714 U B. $714 F C. $634 F D. $634 U Posson Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $210 per month plus $96 per job plus $20 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in March to be 20 jobs and 162 meals, but the actual activity was 17 jobs and 164 meals. The actual cost for catering supplies in March was $4,990. The spending variance for catering supplies in March would be closest to: A. $380 F B. $132 U C. $132 F D. $380 U 5.Under a standard cost system, the materials price variances are usually the responsibility of the: A. production manager. B. sales manager. C. purchasing manager. D. engineering manager. 6.The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials quantity variance for the month? A. $15,240 U B. $6,350 U C. $14,340 U D. $5,975 U 7.Discover Motor Company uses a standard cost system to collect costs related to the production of its toothpick motors. The direct labor standard for each toothpick motor is 1.25 hours at a standard cost of $9.50 per hour. During the month of May, Discover's toothpick motor production used 5,900 direct labor-hours at a total direct labor cost of $54,575. This resulted in production of 4,800 toothpick motors for May. What is Discover's labor efficiency variance for the month of May? A. $950 favorable B. $1,475 favorable C. $8,975 unfavorable D. $10,450 unfavorable 8.Vanikoro Corporation currently has two divisions which had the following operating results for last year: Since the Rubber Division sustained a loss, the president of Vanikoro is considering the elimination of this division. All of the fixed costs for the division could be eliminated if the division was dropped. If the Rubber Division was dropped at the beginning of last year, how much higher or lower would Vanikoro's total net operating income have been for the year? A. $10,000 higher B. $40,000 lower C. $50,000 higher D. $100,000 lower 9. Crick Corporation makes 11,000 units of part W28 each year. This part is used in one of the company's products. The company's Accounting Department reports the following costs of producing the part at this level of activity: An outside supplier has offered to make and sell the part to the company for $25.50 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $18,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce part W28 would be used to make more of one of the company's other products, generating an additional segment margin of $12,000 per year for that product. What would be the impact on the company's overall net operating income of buying part W28 from the outside supplier? A. Net operating income would decline by $65,000 per year. B. Net operating income would increase by $5,800 per year. C. Net operating income would decline by $89,000 per year. D. Net operating income would increase by $12,000 per year.,Standard quantity per unit of output...5.1grams Standard Price.........................$11.95 per gram Actual Materials purchased.............6,800 grams Actual Cost of materials purchased....$86,360 Actual Materials used in production....6,300 grams Actual Output..........................1,000 grams This information is missing from one of the questions...,It would be #6,1. Total Sales: January= $60,000, February=$70,000, March=$50,000, April=$30,000 Cork Division Rubber Division 8. Sales.............................$600,000 $300,000 Variable Costs.....................310,000 200,000 Contribution Margin................290,000 100,000 Fixed Costs for the division.......110,000 60,000 Segment Margin.....................180,000 40,000 Allocated corporate fixed costs....100,000 50,000 Net operting income(loss)..........$80,000 $(10,000) 9. Direct Materials............................$6.00 (per unit) Direct Labor................................$5.40 Variable manufacturing overhead.............$7.70 Supervisor's salary.........................$4.20 Depreciation of special equipment...........$2.50 Allocated general overhead..................$6.70 This should be what you need. Sorry about that!,Thanks for the resonse, but I did post the needed info for 1,8, and 9 above?
Question 4
Problem 21-3 "Tutor will you please place the results on a excel spreadsheet , Thank you" Merger Bid Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7.5%. Assume that the risk-free rate of interest is 4% and the market risk premium is 7%. Both Vandell and Hastings face a 30% tax rate. Vandell's free cash flow (FCF0) is $1 million per year and is expected to grow at a constant rate of 4% a year; its beta is 1.50. Hastings estimates that if it acquires Vandell, interest payments will be $1,600,000 per year for 3 years after which the current target capital structure of 30% debt will be maintained. Interest in the fourth year will be $1.472 million after which interest and the tax shield will grow at 4%. Synergies will cause the free cash flows to be $2.5 million, $2.7 million, $3.5 million, and then $3.69 million, after which the free cash flows will grow at a 4% rate. Assume Vandell now has $10.84 million in debt. Indicate the range of possible prices that Hastings could bid for each share of Vandell common stock in an acquisition. Round your answers to the nearest cent. The bid for each share should range between $__________ per share and $______per share.,Tutor will you check the calculation in assignment Download Attachment: Finance-8091093.doc and reply with the assignment in a excel format,Tutor thank you for the effort, but can you tell me what the other value is her is the question. "The bid for each share should range between $__________ per share and $______per share." one answer is 2.62 what is the other per share?,Thank you,Dear Tutor I am sorry to ask this of you but they answer came up wrong,is it possible to recheck the solution. Thank you
Question 5
1) a) The following is a balance sheet of X corporation just prior to its complete liquidation Cash 15,000 Accts Receiv 10,000 Equipment 5,000 Land 45,000 Total 75,000 Accts payable 18,000 Mortgage payable 30,000 Capital stock 20,000 Earned surplus 7,000 Total 75,000 The fair market value of the land is 100,000 all other property is worth book value. A owns all the X stock, which he acquired for 20,000 several years ago. Disregarding the effect of any corporate level income tax otherwise resulting per Section 336, how much gain will a recognize upon complete liquidation of X a. 62,000 long term capital gain b. 7,000 long term capital gain c. 55,000 long term capital gain d. 75,000 long term capital gain e. none of the above b) Assume that X corporation?s adjusted basis in each of its assets is equal to book value. Assume that fair market value of the land is 100,000 and for all other assets is equal to book value. How much gain is recognized by X corporation pursuant to Section 336 on account of the liquidation a. 55,000 b. None c. 27,000 d. 82,000 c) Assume that X corporation also distributed a patent royalty contract to A which contract does not have an ascertainable fair market value. Disregarding the effect of Section 336, how much gain is recognized by A from the liquidation in the year of liquidation? a. none because the liquidation is open b. 62,000 long term capital gain c. none of the above d) Assume that A reported the liquidation as open and received a 50,000 royalty payment in the third year following the liquidation. How much income is recognized by A with respect to this payment a. 50,000 ordinary income b. 50,000 long term capital gain c. 30,000 ordinary income d. none of the above e) under that fact of question (a) above, what are the tax consequences to A of his payment in a later year of a 10,000 state income tax deficiency imposed on X referable to the year of liquidation? a. 10,000 ordinary loss b. 10,000 long-term capital loss c. A must file an amended return for the year of liquidation reducing the amount of his gain from liquidation d. none of the above
