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insens350 [35]
3 years ago
8

Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in m

illions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,520 $8,720 2,010 1,870 1,610 $13,080 $12,200 1,550 3,210 $3,320 1,210 1,290 7,590 $13,080 $12,200 8,660 (a) Prepare a horizontal analysis of the balance sheet data for Windsor, using 2016 as a base. (if amount and percentage are a decrease show the numbers as negative, e.g.-55,000 -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 (Decrease) Change from 2016 $9,520 $8,720 2,010 1,870 1,610 Current Assets Property, plant, and equipment (net) Other assets 1,550 Total assets $13,080$12,200 $ Liabilities and Stockholders' Equity $3,210 $3,320 1,210 1,290 7,590 $13,080 $12,200 Current Liabiiies Long-term liabities Stockholders equity Total liabilities and stockholders' equity 8,660
Business
1 answer:
umka2103 [35]3 years ago
4 0

Answer:

since there is not enough room here, I prepared the comparative balance sheets on an excel spreadsheet.  

Explanation:

WINDSOR, INC.

May 31  2017 2016

($ in millions)

Assets

Current Assets $9,520 $8,720

Property, plant, and equipment (net) $2,010 $1,870

Other assets $1,550 $1,610

Total assets $13,080 $12,200

Liabilities and Stockholders' Equity

Current Liabilities $3,210 $3,320

Long-term liabilities 1,210 1,290

Stockholders' equity 8,660 7,590

Total liabilities and stockholders' equity $13,080 $12,200

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Johnny is a sophomore in college and has a 1.5 cumulative grade point average (GPA). Johnny's cumulative GPA will fall even furt
Debora [2.8K]

Answer: B

Explanation:

With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.

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2 years ago
From 2001 to 2004, the U.S. government went from a budget surplus to a budget deficit. According to the open-economy macroeconom
notsponge [240]

Answer: Option (a) is correct.

Explanation:

Correct Option: The supply of loanable funds but not the supply of dollars in the market for foreign-currency exchange.

If the budget deficit increases, then U.S residents will want to purchase fewer foreign assets and foreign residents wants to buy more of U.S assets.

The budget deficit in the economy has to be financed either by borrowing or by increasing taxes. This budget deficit occurred because of the tax cuts and higher government spending.

If a country running a budget deficit, which lead to reduction in national saving. We all know that interest rate is determined in the loan market, where savers supply the loans to the private borrowers.

So, if there is a fall in the national saving, this will reduced the supply of loans from savers, which raises the interest rate in an economy.

This will attract the foreign flow of capital. This means that demand for domestic assets increases because of the higher interest rate.

Now, if foreign residents want to take an advantage of higher interest rate then they first have to acquire domestic currency.

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4 0
3 years ago
What is a standard is a
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Answer:

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7 0
3 years ago
On March 10, 2019, Dearden, Inc., purchased 11,200 shares of Jaffa stock for $47 per share as a long-term passive investment. De
olasank [31]

Answer:

Dearden, Inc.

Journal Entries to record the transactions:

March 10, 2019:

Debit Investment in Jaffa $526,400

Credit Cash $526,400

To record the purchase of 11,200 shares at $47 per share.

December 31, 2019:

Debit Loss on Investment $22,400

Credit Investment in Jaffa $22,400

To record the loss on investment from $47 to $45 per share.

December 31, 2020:

Debit Investment in Jaffa $33,600

Credit Gain on Investment $33,600

To record the gain on investment from $45 to $48 per share.

December 31, 2021:

Debit Loss on Investment $44,800

Credit Investment in Jaffa $44,800

To record the loss on investment from $48 to $44 per share.

September 12, 2022:

Debit Loss on Investment $22,400

Credit Investment in Jaffa $22,400

To record the loss on investment from $44 to $42 per share.

Debit Cash Account $470,400

Credit Investment in Jaffa $470,400

To record the sale of the investment in Jaffa at $42 per share.

Explanation:

For Dearden, Inc. journal entries are recorded on the acquisition date to record the purchase of the investment in Jaffa.  Records are also made every December 31 to record the movements in the share price of the investment.  Finally, on the date of disposal, records are also made to record the sale of the investment.

4 0
3 years ago
A telephone customer service center wants to ensure that the majority of its customers’ calls are answered within a reasonable a
mr_godi [17]

Answer:

The Capability Index for this process is 1.04. The right answer is B

Explanation:

According to the given data we have the following:

μ = 31 Seconds

USL = 45

LSL = 10

Standard deviation σ= 4.5

Therefore, in order to calculate the Capability Index for this process we would have to use the following formula:

Cpk=Min<u>( USL-μ</u>  ,  <u>μ- LSL</u>)

               3×σ            3×σ

Cpk=Min<u>( 45-31</u>  ,  31<u>- 10</u>)

               3×4.5      3×4.5

Cpk = Min ( 1.04,1.56) = 1.04

The Capability Index for this process is 1.04

7 0
2 years ago
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