Name a firm that has recently (within 1 year) reported publicly that it either overstated or understated its earnings or profits. (for a recent quarter or annual period). What effects do you think the "over or under stated " earnings (profits) will have on the firm?
Stock dividend: The current market value of Rollover stock is $20 per share. Show what the balance sheet would look like if Rollover declares a 10% stock dividend.
The stockholders' equity portion of the balance sheet of Rollover Tire Company is as follows: Common Stock (2,000,000 shares at $10 par) $20,000,000 Paid-in-Capital in Excess of Par 17,000,000 Retained Earnings 33,000,000 Total
Outdoor Sports Company, with its main office in Iowa, is considering opening a branch office in Los Angeles. Under normal economic conditions, which have a 45% chance of occurring, Outdoor can expect to earn a net income in that branch office of $50,000. If there is a mini-recession, which has a 25% chance of occurring, Outdoor
During 2003, A Company and Z Company made the following identical purchases in the order shown: 100 units @ $10.00 each 200 units @ $10.50 each 200 units @ $11.50 each 100 units @ $12.00 each Each company sold 400 units but A Company uses LIFO inventory costing and Z Company uses FIFO inventory costing. Assume there was
17. Plank's Plants had net income of $2,000 on sales of $50,000 last year. The firm paid a dividend of $500. Total assets were $100,000, of which $40,000 was financed by debt. a. What is the firm's sustainable growth rate? b. If the firm grows at its sustainable growth rate, how much debt will be issued next year? c. W
--- Assume that a pure monopolist and a purely competitive firm have the same unit costs. Contrast the two firms in the long run equilibrium with respect to the following: a) Price charged b) Output produced c) Profits d) Allocation of resources e) Impact on income distribution
What problems arise in determining whether an equal income distribution is fair or not? What is the difference between income and wealth? What are the factors that influence the elasticity of the market supply of labor?
Poverty Rates, Depth and Severity Use the following information about 2 countries, Northland and Southland, each with a population of 10 people and each with a poverty threshold of $18,000 ($18K) per person. Show your work for all questions. (SEE ATTACHED)
U(x,y)=X(square)Y Px=$1.60 Py=$8 I=$90 calculate the rate of change in the cost of living for the consumer using the a. laspeyeres Index (cpi b. paasche index (gdp deflator) c. true index (ideal index) d. if the consumer's income had increased to I=$96 per period, is the consumer better off or worse off than before?
Latest Data available is for the year 2003 1. What is the Groups Share of and the Income Split Point for Individual Income Taxes as of 2003 for the following group of income earners: GROUP'S SHARE of Income Taxes INCOME SPLIT POINT Top 1% of income earners
Assume that you have the following information about a country: Percentile of population Income in Billions %share cumm value Bottom 20% $300 5% 5% 2nd 20% 500
Suppose that you never carry cash. Your paycheck of $1,000 per month is deposited directly into your checking account on the first day of the month, and you spend your money at a constant rate so that at the end of each month your checking account balance is zero. What is your average daily money balance for the month? H
The distribution of income in the US should be more equal. Comment.
An increase in the Ml money supply may __________ total expenditures, leading to a __________ shift of the AD curve. a. increase; rightward b. increase; leftward c. decrease; rightward d. decrease; leftward Greater wealth makes __________ people willing to spend the national income, causing __________ the economy's A
What is the difference between gross domestic product (GDP) and gross national product (GNP)?
What is a good rational, financial case for investment in HP?
On December 31, 2004, Acquire Company acquired Target Company. Acquire issued $5,000,000 in stock in exchange for 85% of the outstanding shares of Target. The acquisition was treated as a purchase. The historical cost balance sheets of Acquire and Target prior to the acquisition are given below. Please see attached.
Answer the following questions based on the following data...GDP totals? GNP totals? Net domestic product is? National Income Totals? (See attachment for full question)
Please answer the following questions based on the following data ($ in billions)... The level of autonomous consumption in the economy is? The level of induced consumption at a disposible income of $600 billion is? etc. (See attachment for full questions)
Inventory on Dec 31,2004 is understated by 66,000 inventory on dec 31, 2005 is overstated by 30,000 year sold 2004 2005 2006 a.cost of good 715,000 847000 770000 b.net income 220,000 275000 231000 c.total current assets 1,15,000 1,265,
Visit the U.S. Census Bureau website at www.census.vov/hhes/income/midclass/index.html and select Data Highlights. Since 1969, how has the share of aggregate household income received by the lowest and highest income income quintiles (fifths) changes. Make a summary and sound conclusion.
What is the signifigance (pros/cons) - to the State and the local governments - when the State has low State borrowing but the local government debt is high (ie California, North Carolina)?