Hi,

These problems are from a undergraduate level managerial accounting course and shouldn't take much time for a pro to do. If it would be possible to get the solutions within the next four hours or so that would be great, within 6 hours is the deadline as I have to submit this evening.

Please take a look at the attachment and the problems and let me know if you cannot complete all of the problems so I can submit to another tutor.

Thank you for your help!

Silvia

Question 3 On January 1, 20X5, Juan Silvia borrowed $500,000 to purchase a new office building. The loan is to be repaid in 2 equal annual payments, beginning December 31, 20X5. The annual interest rate on the loan is 9%. Prepare the appropriate journal entries to record the loan and subsequent payments at the end of 20X5 and 20X6. Question 4 Jacob Joseph has identified five different companies in which he is interested in investing, based upon their products and prospects. However, Jacob is concerned about a general economic downturn and desires to invest in companies with the lowest debt exposure. Following is a list of the data for the five potential investments. Jacob has compiled the data and has ranked the companies based upon total debt. He has requested your help in evaluating the risk profiles for each company. To complete your evaluation, you need to know that each company faces an income tax rate that is equivalent to 30% of income before taxes (which also means that net income is 70% of income before taxes). In addition, assume that each company incurs an average interest cost that is 8% of total debt. Total Assets A Total Debt Net Income $ $ $ 10,000,000 1,000,000 200,000 B 20,000,000 3,000,000 1,000,000 C 6,000,000 4,000,000 250,000 D 15,000,000 6,000,000 1,600,000 E 30,000,000 22,000,000 4,000,000 1) Calculate the debt to total asset ratio, and reorder the list from least risky to most risky, based upon that ratio. D C B E A Question 5 Jacob Joseph has identified five different companies in which he is interested in investing, based upon their products and prospects. However, Jacob is concerned about a general economic downturn and desires to invest in companies with the lowest debt exposure. Following is a list of the data for the five potential investments. Jacob has compiled the data and has ranked the companies based upon total debt. He has requested your help in evaluating the risk profiles for each company. To complete your evaluation, you need to know that each company faces an income tax rate that is equivalent to 30% of income before taxes (which also means that net income is 70% of income before taxes). In addition, assume that each company incurs an average interest cost that is 8% of total debt. Total Assets A Total Debt Net Income $ $ $ 10,000,000 1,000,000 200,000 B 20,000,000 3,000,000 1,000,000 C 6,000,000 4,000,000 250,000 D 15,000,000 6,000,000 1,600,000 E 30,000,000 22,000,000 4,000,000 Calculate the debt to equity ratio, and reorder the list from least risky to most risky, based upon that ratio. Question 5 options: C E A B D Question 7 Stanley Corporation has no material problem with uncollectible accounts or obsolete inventory. All sales and purchases are on account. The company provided the following information for the year ending 20X7: Total sales Beginning accounts receivable Total purchases of inventory Beginning inventory $ 2,600,000 700,000 1,800,000 50,000 Collections on accounts receivable 2,400,000 Payments on accounts payable 1,850,000 Cost of goods sold 1,775,000 Calculate the accounts receivable turnover ratio. A) 2.50 B) 3.25 C) 4.00 D) 3.50 Question 8 Stanley Corporation has no material problem with uncollectible accounts or obsolete inventory. All sales and purchases are on account. The company provided the following information for the year ending 20X7: Total sales Beginning accounts receivable Total purchases of inventory Beginning inventory $ 2,600,000 700,000 1,800,000 50,000 Collections on accounts receivable 2,400,000 Payments on accounts payable 1,850,000 Cost of goods sold 1,775,000 Calculate the inventory turnover ratio. 31.2 30 28.5 28.4 Question 9 Which type of cash flow activity is applicable for the activity listed below, operating, investing financing or non-cash? Issue common stock for cash Question 10 Which type of cash flow activity is applicable for the activity listed below, operating, investing financing or non-cash? Issue common stock for land Question 11 Which type of cash flow activity is applicable for the activity listed below, operating, investing financing or non-cash? Sell goods for cash Question 12 Which type of cash flow activity is applicable for the activity listed below, operating, investing financing or non-cash? Purchase equipment for cash Question 13 Which type of cash flow activity is applicable for the activity listed below, operating, investing financing or non-cash? Pay employee salaries Question 14 Waguespack Corporation and Hedrick Corporation had identical cash positions at the beginning and end of 20X9. Each company also reported a net income of $150,000 for 20X9. Evaluate their cash flow statements that follow. Which company is displaying elements of cash flow stress? What factors cause you to reach this conclusion? What is the importance of evaluating a company's cash flow statement? Question 15 Ozark Corporation did not sell any equipment during the year. Equipment purchases were made with cash. The change in retained earnings is attributable to net income and dividends. The increase in common stock and additional paid-in capital is due to issuing additional shares for cash. Using the indirect approach, prepare the INVESTING AND FINANCING sections of the statement of cash flows for Ozark for the year ending December 31, 20X5. Comparative balance sheets for Ozark are above. Question 16 Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any significant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) Selling price per table Ending finished goods (200 tables) Indirect labor incurred during the period Raw materials transferred into production (700 trees) Beginning finished goods (400 tables) Cost of glues and screws Beginning work in process Ending raw materials (500 trees) Direct labor incurred during the period Selling, general, and administrative costs incurred Depreciation of factory equipment Raw material purchases during the period (900 trees) All other factory overhead $ 1,800,000 10,000 1,400,000 125,000 700,000 2,800,000 35,000 1,465,000 500,000 3,300,000 1,150,000 75,000 900,000 300,000 Tables sold (800 tables) (a) (b) Complete the reconciliation of units on the accompanying blank worksheet, showing the "unit" activity in raw materials, work in process, and finished goods. Calculate the cost of goods manufactured. (c) Calculate the cost of goods sold. (d) Calculate net income. Assume an income tax rate of 35%