Accounting questions

/in /by

CullumberMedical manufactures hospital beds and other institutional
furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow.

Cullumber Medical
Comparative Balance Sheet
As of December 31
2020
2019
AssetsCurrent assets Cash$400,000$417,500 Accounts receivable, net1,056,000776,400 Inventory721,000681,050 Other current assets381,300247,050Total current assets2,558,3002,122,000Property, plant, & equipment, net8,710,2358,439,930 Total assets$11,268,535$10,561,930Liabilities and Stockholders’ EquityCurrent liabilities$3,208,000$2,846,000Long-term debt3,702,7003,892,650 Total liabilities6,910,7006,738,650Preferred stock, $5 par value59,00058,900Common stock, $0.25 par value104,700103,900Retained earnings4,194,1353,660,480 Total stockholders’ equity4,357,8353,823,280 Total liabilities and stockholders’ equity$11,268,535$10,561,930

Cullumber Medical
Comparative Income Statement and Statement of Retained Earnings
For the Year
2020
2019
Sales revenue (all on account)$10,177,300$9,613,900Cost of goods sold5,613,0005,298,700 Gross profit4,564,3004,315,200Operating expenses2,840,2502,634,200Net operating income1,724,0501,681,000Interest expense300,400308,600Net income before taxes1,423,6501,372,400Income taxes (30%)427,095411,720Net income$996,555$960,680Dividends paid Preferred dividends29,55029,500 Common dividends433,350413,100 Total dividends paid462,900442,600Net income retained533,655518,080Retained earnings, beginning of year3,660,4803,142,400Retained earnings, end of year$4,194,135$3,660,480

Calculate the following leverage ratios for 2020.(Round all answers to 2 decimal places, e.g. 2.55% or 2.55.)

a.Debt ratioenter percentages
%b.Debt-to-equity ratioenter a ratio
c.Times interest earned ratioenter a number of times

Sample Solution

The post Accounting questions appeared first on homework handlers.

Report to the Board for PCsAreUs

/in /by

BACKGROUND:
The simulation course is designed to expose students to managing an integrated, multifunctional business in a highly competitive global industry.  Having gone through 6 quarters of the simulation experience, you used your strategic, analytical and critical thinking skills, to run a real business with all the complexities involved.  You learned by doing and developed expertise, creating various scenarios. 
You gained experience by working in a team, in a challenging global environment, in an intense competitive environment.  You had businesses successes and failures, both of which provided valuable learnings, which you incorporated into your strategies and decisions going forward. 

ASSIGNMENT:
You will write a term paper in the form of a Report to the Board of Directors (of the company). The company name is ” PCsAreUs”

This paper is based on your experience over all the quarters played in the simulation, and as the CEO of your company, you will write objectively, and with candor.  The Board of Directors of your company is comprised of top executives, whose expectations are for an excellent report, with substantiated facts, and no fluff.
 
Use as many examples as you can to show the logic which underpinned your decisions. Be sure you analyze, discuss and detail to explain both the Why and the How.  Data should be used to back up your statements wherever necessary, e.g. market share, fixed capacity, balanced scorecard, sales compensation, financial statements etc.  Points will be deducted if you dont substantiate your assertions with data.  
 
Discuss your total experience, responding to the following questions and components:
 
The Report to the Board should include the following components:

1. Review the financial and market performance since the start of the firm
2. Highlight the key features of the firms strategy and how they evolved over the course of the past six quarters (SEE ATTACHMENTS)
    * Overall corporate strategy
    * Marketing strategy
    * Sales Channel strategy
    * Human Resource strategy
    * Manufacturing strategy
    * Financial strategy
3. Assess your current situation, including the market, competition and your firms strengths and weaknesses?
4. Summarize how you have prepared your firm to compete in the future.
5. What were the top three lessons learned?

REQUIRED PARAMETERS:
* 10 pages, double spaced,12 pt. font, 1 margins.
* APA format for any sources that you cite. Should you require help in properly citing your sources in APA format, the ASC is a resource that you may want to use.

writing yyyyyyyoooo

/in /by

all the requirements in the word file

200 word only

Turnitin report

Similarity less than 5%

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

The post writing yyyyyyyoooo appeared first on Quality Nursing Writers.

What is the predicted outcome of interspecific competition between these two species given the following starting conditions?

/in /by

What is the predicted outcome of interspecific competition between these two species given the following starting conditions?
What is the predicted outcome of interspecific competition between these two species given the following starting conditions? Species 1 Ni 100 Q.12 0.25 IK₂/20 Species 2 N 50 | A21 1 K2 10 Unstable Coexistence Competitive Exclusion, Species 1 Wins Stable Coexistence Cannot determine the answer without r values

 

The post What is the predicted outcome of interspecific competition between these two species given the following starting conditions? appeared first on nursing assignment tutor.