The Illinois Central Corporation is preparing their Cash Budget

The Illinois Central Corporation is preparing their Cash Budget

Question


The Illinois Central Corporation is preparing their Cash Budget fro the forthcoming calendar year. The following data has been prepared for cash receipts and payments:

January February March

Cash receipts $1,061,200 $1,182,400 $1,091,700
Cash payments $984,500 $1,210,000 $1,075,000

The corporation cash balance January 1st is $290,000. Illinois Central Corporation's desires minimum cash balance of $340,000 each month.

1. What is the amount of excess cash or deficiency of cash (after considering the minimum cash balance required) for February?

a. $109,100 deficiency
b. $10,900 excess
c. $900 deficiency
d. $109,100 excess
e. $10,900 deficiency

2. What is the amount of excess cash or deficiency of cash (after considering the minimum cash balance required) for March?

a. $214,200 excess
b. $15,800 excess
c. $ 60,00 deficiency
d. $25,300 excess
e. $30,500 deficiency

3. The charter of the Kansas, Osage, and Oklahoma Corporation provides for the issuance of 100,000 shares of common stock. If the corporation originally issued 60,000 shares of common stock and 5,000 shares of common stock were subsequently reacquired, what is the amount of cash dividends to be paid if a $1 per share common stock dividend is declared?

a. $60,000
b. $5,000
c. $100,000
d. $55,000
e. $75,000

4. The Baltimore and Ohio Corporation maintains 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at the end of the calender year. What is the annual dividend on the preferred stock?

a. $50 per share
b. $30,000 in total
c. $300 in total
d. $.50 per share
e. $3,000 in total

5. On April 1st, 2010, the Wabash Corporation purchased $50,000 of Chicago and Eastern Illinois Corporation's 12% bonds at 100 plus accrued interest of $2,000. On June 30th, 2010, Wabash Corporation sold $40,000 of the bonds at 101 plus accrued interest.The journal entry to record the April 1st, 2010 purchase will include

a. a credit to Interest Payable for $2,000
b. a debit to Investments-Chicago and Eastern Illinois Corporation for $52,000
c. a credit to Cash for $50,000
d. a debit to Investments-Chicago and Eastern Illinois Corporation for $50,000
e. a credit to Unrealized Holding Gains and Losses-Equity for $2,000

6. Gulf Mobile, and Ohio Corporation's current period Statement of Cash Flows includes the following:

Cash used in financing activities $97,000
Cash balance at the beginning of the period 310,000
Cash used in investing activities 43,000
Cash provided by operating activities 185,000

The amount of the cash balance at the end of the period is

a. $45,000
b. $635,000
c. $355,000
d. $125,000
e. $325,000

Westward Corporation Accounting Problem

Westward Corporation Accounting Problem

Question he condensed financial statements of Westward Corporation for 2006 are presented below.

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2006 For the Year Ended December 31, 2006

Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000 Selling and administrative
Accounts receivable 70,000 expenses 495,000
Inventories 120,000 Interest expense 30,000
Total current assets 220,000 Total expenses 1,605,000
Property, plant, and Income before income taxes 395,000
equipment (net) 780,000 Income tax expense 140,000
Total assets $1,000,000 Net income $ 255,000


Liabilities and Stockholders' Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders' equity 620,000
Total liabilities and
stockholders' equity $1,000,000


Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2005 For the Year Ended December 31, 2005

Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000 Selling and administrative
Accounts receivable 90,000 expenses 500,000
Inventories 150,000 Interest expense 30,000
Total current assets 280,000 Total expenses 2,280,000
Property, plant, and Income before income taxes 220,000
equipment (net) 800,000 Income tax expense 77,000
Total assets $1,080,000 Net income $ 143,000


Liabilities and Stockholders' Equity
Current liabilities $ 140,000
Long-term liabilities 320,000
Common stockholders' equity 620,000
Total liabilities and
stockholders' equity $1,080,000
2. Perform horizontal and vertical analysis on Westward both income statement and balance sheet, show your results.

3. Assess the financial performance of Westward, given the analysis tools used above.

accounts help!!!!!!!!

accounts help!!!!!!!!

Question

P1

Given the information below, compute annualized returns:

AASETS

INCOME

Price

Change

Initial

Price

Time

Period

A

$2

$6

$29

15 months

B

0

$10

$40

11 months

C

$50

$70

$30

7 years

D

$3

($8)

$20

24 months

P2

Given the information below, compute annualized returns:

AASETS

Purchase

Price

Current

Prince

Income

Received

Time

Period

A

$20

$26

$2

75 Weeks

B

$15

$18

$0.40

3 months

C

$150

$130

$0

2 years

D

$3.50

$3

$0.20

8 months

help with question

help with question

Question Luke sold land valued at $210,000. His original basis in the land was $180,000.For the land, Luke received $60,000 in cash in the current year and a note providing$150,000 in the subsequent year. What is Luke's recognized gain in the current andsubsequent year, respectively

interview a couple (heterosexual or homosexual) and analyze their work-family relationship.

interview a couple (heterosexual or homosexual) and analyze their work-family relationship.

Question For this paper, you will interview a couple (heterosexual or homosexual) and analyze their work-family relationship. Make a list of questions to ask during your interview. Be sure to include questions about the amount of work done in the workplace and at home. Ask about the types of work being done, as well as specific time spent on various tasks. Ask about how work is divided between the couple. Make notes and turn in your questionnaire, question responses and a 2-3 page paper analyzing your findings on the Second Shift.

9 cardiovascular physiology questions (undergraduate work)

9 cardiovascular physiology questions (undergraduate work)

Question
  • The following questions need to be answered. I don't have a work limit that is needed. I just need the questions to be answered accuately. I would estimate it could take 4 pages.
  1. Describe the changes in membrane structure and ion flux which are responsible for each phase of the slow response action potential.
  2. Describe the effect of calcium channel blockers (verapamil and nifedipine) on the slow response action potential.
  3. Describe the mechanism of action potential propagation in cardiac muscle fibers including the role of the intercalated disc in the process.
  4. Define the terms: automoticty, rhythmicity, and pacemaker.
  5. Describe the origin, structure and function of the S. A. node.
  6. Describe the ionic basis of automoticity.
  7. Describe the conduction of the cardiac excitation impulse through the atria and explain why it does not pass directly into the ventricles.
  8. Describe the structure and function of each of the following parts of the A. V. node: AN region, N region, NH region.
  9. Describe the ventricle conducting system and explain the sequence of cardiac excitation and contraction.

Economics Home work help

Economics Home work help

Question

Two important policy goals of the government and the Fed are to keep unemployment and inflation low, while at the same time making sure that GDP is increasing at an average of 3% per year. It is important to have the right mix of policies and that all the variables be timed perfectly.

Part 1:Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable level keeping inflation the same. What is the first action you would take as the president? As the chairman of the Fed? Why? What would be your subsequent steps? Make sure you include both the positive and negative effects of your actions and include the trade-offs or opportunity costs.

Include the following concepts in your discussion:

  • Demand and supply of money
  • Income and Productivity
  • Interest rates
  • Okun’s law
  • The Phillips curve
  • Taxation
  • Government spending
  • Wages
  • Aggregate supply
  • Aggregate demand
  • Long run and short run
  • Costs of inflation
  • The multiplier and the tax multiplier
  • An open vs. a closed economy
  • The idea of tax rebates to stimulate the economy

Part 2:Assume the country is in a budget deficit and carrying a very large debt. Discuss the dangers of a high debt to GDP ratio and a growing budget deficit. Would this change any policy changes you discussed in Part 1?

Assignment 4: Automotive Production Levels

Assignment 4: Automotive Production Levels

Question Assignment 4: Automotive Production Levels Due Week 10 and worth 440 points For this assignment, choose a major publicly traded automotive producer, such as General Motors, Ford, Toyota, or Volkswagen. Then, research this company’s production and inventory levels, and operational cost information, along with price and sales data for the most recent quarter available. Write a seven to nine (7-9) page paper in which you: Create a demand supply analysis based on the data you collected on your chosen company’s price and sales, which demonstrates the relationship between price and quantity demanded. Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company’s management should use this information to make sound strategic decisions. Calculate the elasticity of demand for your chosen company’s automobiles (or choose a specific make / model). Interpret what the demand tells your chosen company’s management team. Speculate what may happen to your chosen company’s specifically if the elasticity of demand calculated above represented a competitor of your choice instead. Provide support for your response. Create a cost analysis and graph. Include total cost, total variable cost, marginal cost, and fixed costs, along with any other costs you believe are valuable to the cost analysis. Create a total revenue schedule, marginal revenue schedule, and a graph representing both. Interpret what the graph tells your chosen company’s management team. Determine the profit maximizing level of output by assessing the actions your chosen company should take if it is to continue to maximize profits. Assume your chosen company wants to expand its operations which involve capital budget decisions. Recommend two (2) different and appropriate cost-related tools. Provide support for your recommendation. Now, assume your chosen company wants to expand its operations globally into a new market. Suggest two (2) strategies the firm should consider. Provide support for your suggestions. Use at least three (3) high-quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

economics..

economics..

Question

QUESTION 1

Various possible answers are provided for each question. Choose the correct answer and only write down the letter next to the question Ex 1 A.

1.1 Which ONE of the following is not a method of calculating national income?

A expenditure method

B output method C income method D taxation method

1.2 Technological development is essential for future economic growth because it

A accelerates the economic growth rate

B increases the competitiveness of industries

C leads to further inventions, innovations and scientific discoveries

D all the above-mentioned

1.3 An increase in the following would likely lead to a decrease in national income: A consumption expenditure

B plant and equipment investment

C imports

D residential construction

1.4 Which ONE of the following is not a wage system?

A incentive

B piece

C olace

34

D Time

1.5 Which of the following would be considered a transfer payment?

A payment for a train journey

B monthly instalments on a car

C social security payments

D payment for a room in a hotel

1.6 GOP is the market value of all final goods and services produced in a ...

A given period of time

B given period of time after deduction of indirect business taxes

C given period of time after deduction of depreciation

D given period of time excluding exports

1 .7 The most general scale used to measure inflation is the ... index.

A consumer's

B consumer's price C production price D selling price

1.8 Stagflation occurs where prices

A drop in an economic recession

B rise in an economic revival

C rise ion an economic recession

D drop in an economic revival

1.9 Macro-economics ...

A studies the functioning of the economy in its entirety

B offers explanations for variations in economic processes over time

35

C measures economic processes over time

0 involves all of these

1.10 The national income is a measure of ::

A income earned in producing the GOP

B earned and unearned incomes received in a given period of time

C income earned in producing the GOP less transfer payments

0 income earned in producing the GOP minus indirect business taxes

1.11 Consumers will tend to buy more of the product when: A its price is reduced

B their income rise

C the prices of competing products rise

0 all the above-mentioned

1.12 The following factors influence the supply of labour: (i) labour force

(ii) pension age

(iii) risk factor involved in various occupations

(iv) MIP of labour

A (i), (ii) and (iv) B (i) and (ii)

C (i) , (ii) and (iii)

0 (iii and (iv)

1.13 Which of the following is not a method to combat unemployment?

A economic growth

B unemployment insurance

36

C inward industrialization

D legal tender

1.14 An increase in supply means that ...

A there has been an increase in demand B the supply curve has shifted to the right C there has been a decrease in demand D none of the above-mentioned

1 .15 Which of the following is NOT a production factor?

A profits

B labour

C machinery

D knowledge

1.16 The position of those workers who find themselves temporarily between jobs,is referred to as. ... Unemployment

A frictional

B Structural C seasonal D cyclical

1.17 The most important restriction(s) on trade unions is/are....

A prohibition on party political activities

B prohibition on strikes

C that certain occupations are excluded

D all the above-mentioned

37

1.18 The components of money are :

(i) notes and coins (ii) saving deposits (iii) call money

(iv) deposits at call at acceptance banks

A (i) ,(ii),(iii)

8 (i) , (ii) C (iii),(iv) D ((i), (iii)

1.19 Which of the following categories of taxes provide the largest percentage of tax revenues?

A individual income tax

8 excise taxes

C property taxes

D employment taxes

1.20 Which instrument is used to determine economic growth?

A CPIX

8 LFS

C GOP

D PPI (20 X1 =20) (20)

38

QUESTION 2

Use the information in the table below and answer the questions that follow:

Wages Workers demanded Workers supplied

R 100 200 100

R200 150 150

R300 100 200

R400 50 250

(a) Draw the demand and supply curve of labour. (12)

QUESTION3

3.1 Use the following information and do the necessary calculations:

GOP@ market prices

Net factor payments to foreign countries

Indirect taxes

Provision for depreciation

Subsidies

R296 667

R 8 182

R 35 120

R 47 007

R 5 830

3.1 .1 GNP @ market price

3.1.2 NNP@ market price

3.1.3 NNI

(1) (1) (1)

3.2 Answer QUESTON 3.2.1 and QUESTION 3.2.2 with reference to the following information:

Consumer spending 80 000

Investment spending 120 000

Government spending 35 000

Net foreign spending ( X-M) -25 000

Provision for depreciation 8 000

Net factor payments to foreign countries 12 000

Indirect taxes 13 000

Subsidies 8 000

3.2.1 The GDE at market price

3.2.2 GOP at factor cost

(1) (1)

(5)

QUESTION 4

Name the FIVE macro economic objectives as well as the instruments used to measure it. (10)

QUESTION 5

5.1 Discuss the FOUR types of unemployment. (5X4= 20)

5.2 Complete the following:

The demand for labour is always a ( a) ... demand. The demand for labour is determined by the (b) ... of the final product and the (c) ... of labour.

(3) (23)

•

•

QUESTION 6

Choose the concepts in COLUMN A to match the description from COLUMN B.Write

only the letter (a-j) next to the question number in the answer book, for example 6.1 (a)

COLUMN A

6.1 postponed payments

6.2 transactional motive

6.3 demand for money

6.4 precautionary motive

6.5 speculative motive

6.6 supply of money

6.7 component of money

6.8 SARB

6.9 deflation

6.10 expansionary policy

QUESTION 7

7.1 Complete the following:

COLUMN B A) call deposits

B) influenced by government transactions

•

C) credit

D) banker of the state

E) to cool down economy

F) need to hold money

G) influenced by income and price level

H) savings deposit

I) related to the store function of money

J) policy to stimulate the economy

{10x 1 = 10)

(10)

7.1.1 Visible exports -?.. ... = trade balance

7.1.2 Visible balance+ invisible balance =?. ......

{2 x1 = 2)

41 •

•

7.2 The following figures are those of a countries balance of payments:

Net gold exports R 185 000

Goods exports R 315 000

Visible imports R 170 000

Services receipts R 30 000

Net transfers R 20 000

Capital transfer account -R 120 000

Balance on financial account R 80 000

Unrecorded transactions R 5 000

Use the given information to determine the following

7.2.1 Balance of trade

7. 2.2 Balance on current account

7.2.3 Change in net gold and foreign reserves

QUESTION 8

8.1 Who is the Minister of Finance?

8.2 Differentiate between the fiscal and monetary policy

(1) (1)

(3 X 1 =3) (5)

(1) (2)

8.3 Differentiate between economic growth and economic development in table form (8)

8.4 Differentiate between comparative and absolute advantage (4) (15)