...Problem Set II Problem Set II P2-6A 2013 2014 A. Earnings per share $60,000/30,000 shares= $2.00 $70,000/33,000 shares= $2.12 B. Working capital ($20,000 + $62,000 + $73,000) ($28,000 + $70,000 + $90,000) – -$70,000=$85,000 $75,000 = $113,000 C. Current ratio $155,000/$70,000= 2.2:1 $188,000/$75,000= 2.5:1 D. Debt to total assets ratio $160,000/$685,000= 23.4% $155,000/$760,000= 20.4% E. Free cash flow $56,000 – $38,000 – $15,000= $3,000 $82,000 – $45,000 – $20,000= $17,000 F. The net income and earnings have shown to have increased, in return this shows the company has grown. P13-2A A. Earnings per share $218,000/74,000=$2.95 B. Return on common on stockholders' equity $218,000/[($465,400+$603,400)/2] =$218,000/$534,400 =40.8% C. Return on assets $218,000/[($852,800+$1,026,900)/2]=$218,000/$939,850=23.2% D. Current ratio $377,900/$203,500=1.85:1 E. Receivables turnover $1,890,540/[($102,800+$117,800)/2]=$1,890,540/$110,300=17.1 F. Average collection period 365 days +17.1 =21.3 days G. Inventory turnover $1,058,540/[(115,500+$126,000)/2]=$1,058,540/$120,750=8.8 times H. Days in inventory 365 days +8.8 =41.5 days I. Times interest earned $332,000/$22,000=15.1 J. Asset turnover...
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...Problem Set II Lorena Jones ACC/300 July 28, 2014 Lisa Smith SIEVERT CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $ 28,000 $ 20,000 Receivables (net) 70,000 62,000 Other current assets 90,000 73,000 Long-term investments 62,000 60,000 Plant and equipment (net) 510,000 470,000 Total $760,000 $685,000 Liabilities and Stockholders’ Equity Current liabilities $ 75,000 $ 70,000 Long-term debt 80,000 90,000 Common stock 330,000 300,000 Retained earnings 275,000 225,000 Total liabilities and stockholders’ equity $760,000 $685,000 SIEVERT CORPORATION Income Statements For the Years Ended December 31 2012 2011 Sales $750,000 $680,000 Costs of goods sold 440,000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $ 70,000 $ 60,000 Additional information: Cash from operating activities $ 82,000 $ 56,000 Cash used for capital $ 45,000 $ 38,000 Dividends paid $ 20,000 $ 15,000 Average number of shares outstanding 33,000 30,000 Computation of values and ratios for 2011 and 2012 Earnings per share: Net income – Preferred stock dividends Average common shares outstanding Earnings per share 2012: $ 70,000 - $ 0.00 $ 33,000 ...
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...Financial Reporting Problem II Are the assets included under the company’s current assets listed in the proper order? Explain your answer. How are the company’s assets classified? ASSETS Cash and cash equivalents $ 15,659 $ 17,148 Marketable securities (Note 6) 20,284 18,618 Finance receivables, net (Note 7) 71,510 69,976 Other receivables, net 10,828 8,565 Net investment in operating leases (Note 8) 16,451 12,838 Inventories (Note 10) 7,362 5,901 Equity in net assets of affiliated companies (Note 11) 3,246 2,936 Net property (Note 13) 24,942 22,371 Deferred income taxes (Note 24) 15,185 15,125 Net intangible assets (Note 14) 87 100 Other assets 5,000 4,770 Total assets $ 190,554 $ 178,348 What are cash equivalents? Cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. What are the company’s total current liabilities at the end of its most recent annual reporting period? $174,243,000.00 What are the company’s total current liabilities at the end of the previous annual reporting period? $163,277,000.00 Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees? Attach the certification from the CEO & CFO CERTIFICATION OF CHIEF EXECUTIVE OFFICER I, Alan Mulally...
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...Problem Set II Jonathan Sestito ACC 300 Nov 19, 2012 Arnold Gilbo Problem Set II P2-6A | 2011 | 2012 | A) Earnings per share | $60,000/30,000Shares | = $2.00 | $70,000/33,000Shares | = $2.12 | B) Working Capital | ($20,000 + $62,000 + $73,000) – ($ 70,000) | = $85,000 | ($28,000 + $70,000 + $90,000) – ($75,000) | = $113,000 | C) Current Ratio | $155,000/$70,000 | = 2.2:1 | $188,000/$75,000 | = 2.5:1 | D) Debt to Total Assets Ratio | $160,000/$685,000 | = 23.4% | 155,000/760,000 | = 20.4% | E) Free Cash Flow | $56,000 – $38,000 – $15,000 | = $3,000 | $82,000 – $45,000 - $20,000 | = $17,000 | F) The financial position and operating results for the Sievert Corporation are looking up from 2011 to 2012. The net earning and working capital have both increased. This shows the share holders that the profitability of the corporation has improved. Another high point is the debt to total assets ratio has gone down and this is good as it shows less owned to debt and more that can come in profit margins. This is shown in the increase of free cash flow. P13-2A | 2012 | | Problem Work Through | Answer | A) Earnings Per Share | $300,000/$5 = $60,000(*)$290,000/$5 = $58,000(**)($60,000* + $58,000**)/2 = $59,000(***)$218,000/$59,000*** | = $3.69 | B) Return Per Share | $218,000/[($465,400+$603,400)/2] = $218,000/$534,400 | = 40.8% | C) Return on Common Stockholders’ Equity | $218,000/[($852,800+$1,026,900)/2] =$218,000/$939,850 | = 23.2% | D) Current...
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...Alexander II faced several major problems during his reign, largely stemming from the negative implications of Russia’s system of serfdom that stifled economic and industrial growth, as well as Russia’s outdated and ineffective military that limited Russia’s presence in Europe and demonstrated her lacking industrial sector. Alexander was shown to be a keen reformer and managed to effectively tackle these problems, with his emancipation of the serfs, followed by his overseeing of successful economic and military reforms. Arguably the greatest problem that faced Russia in 1855 was the outdated and feudal – like system of serfdom which lagged far behind the social infrastructures of other major European nations. This system, in which over 23 million serfs were forced to work for their food and keep under private landowners, Nobles, and the state, was both economically inefficient (as Russia required a free labour force for industry and internal markets to grow) and attracted rising opposition to the Tsarist autocratic rule. For these reasons, Alexander decided to emancipate the serfs in an attempt to quell unrest and bring Russia “up to date”, famously stating: “It is better to abolish serfdom from above than to await the time when it will begin to abolish itself from below”. This shows that Alexander II saw the threat of grievances among the serfs with the ruling administration and wished to protect his own position from threatening opposition. This desire for self-preservation...
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...Contents I Cover Page 1 II Table of Contents 2 III Introduction 3 IV About the Organization 4 V About the Program 5 VI Summary and Conclusion 6 VII Appendix 7 1. Introduction- a The purpose of this survey is to gain a prospective view on what goes on inside a alcohol anonymous program and the benefits and experiences people gain from it. I also want to see how the community gets involved with people who have alcohol problems and the actions taken by the community to get help for these people. b The epidemiology of the program i surveyed is to study; the patterns that go on for people with alcohol related problems, the causes of these patterns and the problem itself, and the effects this problem has on the person and people related to that person. c. The intent of this survey is to collect all the necessary information need by someone with alcohol related problems therefore allowing them to access this information and receive help. II. About the organization: St Joseph's Gift Of Life Walk in or Phone St. Joseph's Chruch Rev. Jon Murry 208 South Main St. Attleboro Ma 508-226-1115 III. About the Program A.The program takes in people from the community with alcohol abuse problems to try and help cope with these...
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...and site visit. Foster’s management was so smooth--they indicated they could meet all our requirements. I feel like we’ve been mislead by this supplier. Susan: Didn’t you look at their processes and quality systems? Bill: Sure we did. Everything checked out fine. But now every other shipment has some problem and the delays are hurting our ability to get our product to our customers. What really struck us about this supplier was how innovative they were. Foster’s biggest drawback was their size--they lacked some depth at key manufacturing engineering positions. Maybe that’s why they are having problems. It could be that someone has left the company. Susan: We are going to have to address these problems quickly. Bill: I’ll tell you what I am going to recommend. We should begin immediately to look for another supplier. I never was a fan of these single source contracts. They leave us open to too much risk. Susan: But won’t that take a long time? Bill: Sure. We’ll have to perform another supplier search with team visits. New tooling could really cost, too. This could take months. Susan: Has anyone talked with the supplier about these problems? Bill: Kevin went over personally today and talked with the production manager. He didn’t have much time to explain, but he...
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...Chapter 1 THE PROBLEM AND ITS SETTING Introduction This research deals on the common factors that affect the study of BEED-2ND year students and their academic performance. These factors are the problem of the 2nd year BEED students in their studies. It has been an interplay of so many factors on gender, IQ, study habits, age, year level, parents educational attainment, social status, numbers of sibling and etc. This research focuses on the factors that affect the studies of BEED-2nd year students and their academic performance. These factors can help students on how to face these problems in their studies. This study also can help the parents and the teachers understand the problem of their students. Furthermore, this research helps us as a future teacher because if we know the problem of our students we can understand them clearly especially on financial aspect. Theoretical Framework One of the problems that besets our educational system is poor study habits several studies found this problem challenging and therefore, efforts have to be exerted in order to determine the root cause. According to Lass and Wilson(1965), students fails not because they do not have intelligence to understand why they are studying, not because their lesson are too difficult for them but because they do not know how to study or understand what study means. Students failure in his academic subject may not be to lack of intellectual capacity, but perhaps it may be due to negative attitude...
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...Financial Reporting Problem Part II ACC290 September 16,2013 Financial Reporting Problem Part II Financial Reporting Problem, Part II The PepsiCo is a beverage distributor is known for their soda and other merchandise. The cola company started in the 1800s in a drugstore, and it was named “Brad’s Drink.” In 1898, cola introduced “Brad’s Drink” to the market. After a few years, the name changed to Pepsi. The currents assets are very important to companies like PepsiCo. In the balance sheet, “current assets are assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is longer. For most businesses, the cut off for classification as current assets is one year from the balance sheet date” (Kimmel, Weygandt, & Kieso, 2011, p. 49). The company can use these assets to support its routine operations. For example, the company can use the assets to pay their current expenses. The common types of current assets consist of cash, marketable securities, inventory, accounts receivable, prepaid expenses, and additional liquid assets that the company can turn in to cash. However, according to Kimmel, Weygandt, and Kieso, 2011, companies normally arrange their current assets in the order in which they anticipate to convert them into cash. Therefore, the proper order for a company to have its assets listed under the current assets is as follows cash, (2) short-term investments (such as short-term U.S. government securities)...
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..._________ Marital status: 1. Current Family and Significant Relationships (Include strengths, stressors, problems, recent changes, changes desired, and comments on family and relationship circumstances.) 2. Childhood/Adolescent History (Include developmental milestones, past behavioral concerns, environment, abuse, school, social, and mental health) 3. Social Relationships (Include strengths, stressors, problems, recent changes, changes desired, and comments on current circumstances.) 4. Cultural/Ethnic (Include strengths, stressors, problems, recent changes, changes desired, and comments on current circumstances.) 5. Spiritual/Religious (Include strengths, stressors, problems, recent changes, changes desired, and beliefs/practices to incorporate into therapy.) 6. Legal (Include current and previous legal concerns and their impact on behavior, affect, and relationship.) 7. Education (Include strengths, stressors, problems, recent changes, changes desired, and comments on current circumstances.) 8. Employment/Vocational (Include strengths, stressors, problems, recent changes, changes desired, and comments on current circumstances.) 9. Military ...
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...The Hexadecimal Company ________________________________________ Name 1. Problems A. Macro Lack of appropriate leadership skills. Also, there was lack cooperation among the members of the OD group. The training activities lacked integration and coordination. ________________________________________ B. Micro The members of the OD group were divided in ideas i.e. had division of thoughts. Members of the OD group had little respect of the president Zoltan. ________________________________________ II. Causes Zoltan caused problems among the OD group. When Bill and Peter wanted to explain to him about their ideas on the program, he was unavailable. He didn’t portray the appropriate leadership skills. He didn’t take the OD program seriously because when Kay and Indar wanted to speak to him he would be available but on matters concerning the OD program, he was not available. Lack of cooperation among the members of the OD group was a great problem. It was caused by having different ideas. Kay and Indar wanted an approach that is gradual while the rest wanted an aggressive approach. Lack of integration and coordination problem was caused by lack of a leader among the group members. Lack of respect for Zoltan by the OD group members was a great problem. The members started to see less of him. The cause of this problem was because Zoltan didn’t take the training activities seriously. Therefore, OD group members started to belittle him (McLean, 2005). ________________________________________ ...
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...review of the case and data from the textbook, the group begins the storming stage. “The storming stage of team development is a period of high emotionality and tension among the group members. During this stage, hostility and infighting may occur, and the team typically experiences many changes” (Schermerhorn, 2010). Noticeably, hostility and fighting came from Mike and his perceptions about how the group was excluding him from meetings, which wasn’t an accurate perception. One could determine that if Mike would participate in the workload he could become a viable player in the team. Mike hasn’t performed to the degree as other group members have because of personal problems. Part II: Problem Identification There are many problems associated with the details provided in this case. However, the primary problem is a lack of effective communication between the team leader, Christine and a team member, Mike. Mike feels he is being left out when it comes to important decisions being made by the group. It seems that...
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...redirecting... | |cover |next page > | | | | | | | | | | | | | | | | | | | | ...
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...an organization is thinking of implementing a New It Initiative they must ensure that they are well organized and fully understand the length and time a project may take. According to Cook “ Project failure occurs when a project is significantly over budget, takes must longer than estimated timeline, or has to be terminated because of so many problems have occurred that proceeding is no longer judged to be viable.” With Memorial Health System failed implementation of a CPOE system they had many problems including an over budgeted project, Lack of belief in project, Insufficient leadership support, Failure to respect uncertainty, Failure to anticipate short-term disruptions, and initiative undernourishment. In this paper we will discuss all six of these problems along with give possible solutions to each of them. Failure to respect uncertainty: When the system was finally implemented it was had a lot of bugs in the system. They implemented the system at all of facilities. Because of this as well as a few other issues such as lack of training the system was taken offline and they continued with the old system. The solution to this problem would have been to implement the system in one location instead of the entire hospital. This place can be used as the test facility in which you can do two things. One you can work all the bugs out and the other would be to use it as a training facility where you can send employees to get training on a system that is up and running. This will...
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...SUMMARY Recently there is something wrong with the performance of our company and I think what we should do is to upgrade the office furnitures. Because more and more of our employees claimed about the poor working condition. We can reduce the surgery fee and the sick days from the employees after the upgrade. Therefore, we can increase our productivities a lot. THE PROBLEM 1 Increase health problem- More of our employees are having health problems because of the uncomfortable furnitures. 2 Sick days increase-Because of their health problem, employees asked for the extra vacation day. 3 Surgery fee increased- Three employees had to have carpal tunnel surgery, and another had back surgery 4 Insurance fee increase- The insurance carrier was threatening to raise its premiums. 4 Productivities reduce- The day-to-day productivity of the office reduced THE REASON The problem came up from last year. If we don’t care about the problem, it will cost us a lot. For example , we already have three employees need to do carpal tunnel surgery . Cost of surgery and rehabilitation is in the range of $5,000 to $10,000 (data from :http://www.mycarpaltunnel.com/surgery-release-carpal-tunnel.shtml).And we have one employee need to have back surgery. According to the data from www.ehow.com. This procedure costs an average of $12,000to$15,000. So far the maximum cost is approximately $45000. And if we ignore that, the number of employees who need surgery would double in the next...
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