Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I would like answers for all the questions. I am really struggling on these several chapters so I would like you to show all the

I would like answers for all the questions. I am really struggling on these several chapters so I would like you to show all the process of calculations to help me interpret these questions. Thank you.

image text in transcribedimage text in transcribedimage text in transcribed
PART B (LIABILITIES): On January 1, 2012, Border Company purchased a truck that cost $17,000. The company signed a $17,000 notes payable that specied four equal annual payments (at each year-end), each of which includes a repayment of the principal and interest on the unpaid balance at 10% per annum. The company estimates the useful life of 10 years with zero residual value for the truck. Round up to the nearest dollar. 1. Calculate the amount of each equal payment (round to the nearest dollar) [2 POINT]. 2. Prepare the journal entry to record the purchase of the truck [2 POINTS]. 3. Prepare the journal entry by the end of 20 12 [3 POINTS]. 4. Prepare the journal entry by the end of 201 3 [3 POINTS]. 5. What is the beginning balance of total notes payable (including both the Long-term notes payable and the current portion of long-term notes payable) on January 1, 2014? [2 POINTS] 6. On January 1, 2014 (not January 1, 2012), what is the NPV of the rest two installments under the 10% annual interest rate? [2 POINTS] 7. Will the interest paid with the rst annual payment be more or less than the interest paid with the second annual payment? Explain your answer. [2 POINTS] (PART A: WALMART)This homework is about Walmart (NYSE: WMT). The questions you are required to answer relate to margins, cash ows, and working capital metrics. Exp_ress all margin answers using a percent smbol and to two decimal place 1i.e.I XXXX% J. [1 POINT EACHI The following questions are based on the information disclosed in Walmart's Fourth Quarter (Q4) News Release, dated February 22, 2018: hm;:l/s2.g4cdn.com/056532643/1es/doc nancialsf2018/g4lgFY18-Earnings-Release- nalpdf 1. What is the name of Walmart's CEO and President? 2. How much operating cash ow did Walmart generate in Fiscal 2018? 3. How much provisional benet did Walmart record as a result of the tax reform? 4. How many associates do Walmart employ worldwide as of Fiscal 2018? Based on the income statement: 5. Compute the gross margin (%) for Q4 of 2018 (excluding membership and other income). 6. Compute the gross margin (%) for the same period of 2017 (excluding membership and other income). 7. Compute the operating margin (%) for Q4 of 2018 (use total revenue). 8. Compute the operating margin (%) for the same period of 20 17 (use total revenue). 9. Compute the net margin (%) for Q4 of 2018 (excluding noncontrolling interest and use total revenue). 10. Compute the net margin (%) for the same period of 2017 (excluding noncontrolling interest and use total revenue). 11. Briey describe the trend in all three margins. 12. Compute the growth rate (%) of Diluted Earnings per Share (Diluted EPS) in Q4 2018 as compared to the same period of 20 17. 13. What is the dividend per share for Fiscal 2018? Based on the balance sheet: 14. Why do we have separate income statements for Q4 and for Fiscal 2018 but only one balance sheet? 15. For the most recent date, what is the single largest asset (not including subtotals) and what is it as a percentage of total assets? 16. For the most recent date, what is the single largest liability (not including subtotals) and what is it as a percentage of total assets (not total liabilities)? Based on the cash ow statement: 17. What is the net cash provided by operating activities for Fiscal 2018? 18. What was free cash ow (F CF) for Fiscal 2018? 19. How much cash did the company borrow in long-term debt in Fiscal 2018? Questions on working capital: 20. Compute the Average Age of Receivables for Fiscal 2018. 21. Compute the Average Days to Sell Inventory for Fiscal 2018. 22. Compute the Average Age of Payables for Fiscal 2018

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: James Hall

9th Edition

1305465113, 9781305465114

More Books

Students also viewed these Accounting questions

Question

Discuss the positives and negatives of charismatic leadership.

Answered: 1 week ago

Question

Explain the triple constraint. Why is it so important?

Answered: 1 week ago