Week Five Exercise Assignment Essay Example for Free

Week Five Exercise Assignment Essay Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10: Edison Stagg Thornton Cash $6,000 $5,000 $4,000 Short-term investments 3,000 2,500 2,000 Accounts receivable 2,000 2,500 3,000 Inventory 1,000 2,500 4,000 Prepaid expenses 800 800 800 Accounts payable 200 200 200 Notes payable: short-term 3,100 3,100 3,100 Accrued payables 300 300 300 Long-term liabilities 3,800 3,800 3,800 a. Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why? Account Edison Stagg Thornton Cash 6,000.00 5,000.00 4,000.00 Short term investments 3,000.00 2,500.00 2,000.00 Accounts receivable 2,000.00 2,500.00 3,000.00 Inventory 1,000.00 2,500.00 4,000.00 Prepaid Expense 800.00 800.00 800.00 Total Current Assets: 12,800.00 13,300.00 13,800.00 Account Edison Stagg Thornton Accounts payable 200.00 200.00 200.00 Notes payable 3,100.00 3,100.00 3,100.00 Accrued payables 300.00 300.00 300.00 Total Current Liabilities: 3,600.00 3,600.00 3,600.00 Edison: Current ratio 12,800.00 / 3,600.00 = 3.56 Quick ratio (6,000 + 3,000 + 2,000) =3.06 Stagg: Current ratio 13,300.00 / 3,600.00 =3.69 Quick ratio (5,000.00 + 2,500.00 + 2,500.00)/ 3,600.00 = 2.78 Thornton: Current ratio 13,800.00 / 3,600.00 = 3.83 Quick ratio (4,000.00 + 2,000.00 + 3,000.00) / 3,600 =2.5 The most liquid company is Edison because they have the most access if necessary. 2. Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4 Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000 Average Accounts receivable 205,000 156,000 Average Inventory 70,000 50,000 Accounts payable, Dec. 31 115,000 108,000 Instructions a. Compute the accounts receivable and inventory turnover ratios for 20X5. Alaska rounds all calculations to two decimal places. Accounts Receivable Ratio = Net Credit Sales / Average Accounts Receivable $832,000 / 205,000 = 4.10 Inventory Turnover Ratio = Net Credit Sales / Average Accounts Receivable $530,000 / 70,000 =7.60 (205,000 + 156,000) / 2 = 180,500 (70,000 + 50,000) / 2 =60,000 3. Profitability ratios, trading on the equity. Digital Relay has both preferred and common stock outstanding. The com ­pany reported the following information for 20X7: Net sales $1,750,000 Interest expense 120,000 Income tax expense 80,000 Preferred dividends 25,000 Net income 130,000 Average assets 1,200,000 Average common stockholders equity 500,000 a. Compute the profit margin on sales ratio, the return on equity and the return on assets, rounding calculations to two decimal places. b. Does the firm have positive or negative financial leverage? Briefly ex ­plain. Profit Margin = 130,000/1,7500,00 =7.43% Return on equity = 130,000/5,000=26% Return on assets = 130,000/1,200,000=10.83% (120,000 + 80,000 + 130,000) / (80,000 + 130,000) =1.57 It has a positive financial leverage of around 1.57 times. The net profit ratio states Digital Relay made a 9% profit off its sales. 4. Horizontal analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $86,000 $80,000 Property, Plant, and Equipment (net) 99,000 90,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 153,000 160,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 322,500 350,000 Operating Expenses 93,500 85,000 a. Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment on the results of your work. Horizontal Analysis 202 201 Difference %Change Current Assets 86,000.00 80,000.00 -4,000.00 -5.00% Property, Plant, and Equipment (net) 99,000.00 90,000.00 9,000.00 10.00% Intangiables 25,000.00 50,000.00 -25,000.00 -50.00% Total Assets 200,000.00 220,000.00 20,000.00 -9.09% Current Liabilities 40,800.00 48,000.00 -7,200.00 -15.00% Long Term Liabilities 143,000.00 160,000.00 -17,000.00 -10.63% Total Liabilities 183,800.00 208,000.00 -24,200.00 -11.63% Stockholders Equity 16,200.00 12,000.00 4,200.00 35.00% Total Liabilities and Stockholders Equity 200,000.00 220,000.00 -20,000.00 -9.09% Net Sales 500,000.00 500,000.00 0.00 0.00% Cost of Goods Sold 332,500.00 350,000.00 -17,500.00 -5.00% Gross Profit 167,500.00 150,000.00 17,500.00 11.67% Operating Expense 935,000.00 85,000.00 8,500.00 10.00% Net Income 74,000.00 65,000.00 9,000.00 13.85% (4,000) / 80,000 =-5% The company decreased its liabilities which is good but also decreased its assets and costs of goods sold. The operating expenses increased and kept the same amount of net sales. Their Stockholders’ Equity increased so they were able to purchase additional equipment, property, and plant. 5.Vertical analysis. Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow. 20X2 20X1 Current Assets $86,000 $80,000 Property, Plant, and Equipment (net) 99,000 80,000 Intangibles 25,000 50,000 Current Liabilities 40,800 48,000 Long-Term Liabilities 153,000 150,000 Stockholders’ Equity 16,200 12,000 Net Sales 500,000 500,000 Cost of Goods Sold 322,500 350,000 Operating Expenses 93,500 85,000 a. Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work. Current Assets 15.20% 16.00% Property, Plant, and Equipment 19.80% 18.00% Intangibles 5.00% 10.00% Current Liabilities 8.16% 9.60% Long term Liabilities 28.60% 32.00% Stockholders Equity 3.24% 2.40% Net Sales 100.00% 100.00% Cost of Goods Sold 66.50% 70.00% Operating Expenses 18.70% 17.00% It seems as if the findings were the same as in the horizontal analysis. There is a difference, which is, seeing the sections changed based upon the previous. There is a 35% increase in the Stockholders’ Equity which is great for the company. 6. Ratio computation. The financial statements of the Lone Pine Company follow. LONE PINE COMPANY Comparative Balance Sheets December 31, 20X2 and 20X1 ($000 Omitted) 20X2 20X1 Assets Current Assets Cash and Short-Term Investments $400 $600 Accounts Receivable (net) 3,000 2,400 Inventories 3,000 2,300 Total Current Assets $6,400 $5,300 Property, Plant, and Equipment Land $1,700 $500 Buildings and Equipment (net) 1,500 1,000 Total Property, Plant, and Equipment $3,200 $1,500 Total Assets $9,600 $6,800 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable $2,800 $1,700 Notes Payable 1,100 1,900 Total Current Liabilities $3,900 $3,600 Long-Term Liabilities Bonds Payable 4,100 2,100 Total Liabilities $8,000 $5,700 Stockholders’ Equity Common Stock $200 $200 Retained Earnings 1,400 900 Total Stockholders’ Equity $1,600 $1,100 Total Liabilities and Stockholders’ Equity $9,600 $6,800 LONE PINE COMPANY Statement of Income and Retained Earnings For the Year Ending December 31,20X2 ($000 Omitted) Net Sales* $36,000 Less: Cost of Goods Sold $20,000 Selling Expense 6,000 Administrative Expense 4,000 Interest Expense 400 Income Tax Expense 2,000 32,400 Net Income $3,600 Retained Earnings, Jan. 1 900 Ending Retained Earnings $4,500 Cash Dividends Declared and Paid 3,100 Retained Earnings, Dec. 31 $1,400 *All sales are on account. Instructions Compute the following items for Lone Pine Company for 20X2, rounding all calcu ­lations to two decimal places when necessary: a. Quick ratio 1.17 b. Current ratio 1.86 c. Inventory-turnover ratio 10 d. Accounts-receivable-turnover ratio 13.33 e. Return-on-assets ratio 0.51 f. Net-profit-margin ratio 0.1 g. Return-on-common-stockholders’ equity 2.67 h. Debt-to-total assets 0.81 i. Number of times that interest is earned 15

Essays --

Biomedical engineering is a rapidly growing field of research that is making exciting discoveries and advancements in the field of medicine at an astounding pace. With such progress there are many ethical issues that arise concerning new innovative implants, medical devices, and diagnosis and therapeutic treatments in the field of biomedical engineering in order to improve an individual’s quality of life. Neuroethics in particular has become a big topic of debate as researchers gradually decode the complex organism called the human brain. The brain has long been an enigma, its intricate inner workings perplexing even the most scholarly of intellectuals for decades. Recent advancements in neuroimaging, brain implants, and scientists’ increased knowledge of basic human psychology concerning the bases of individual behavior and personality have led to the fear that this new gained information has the potential to be misused by governments and other entities. Ethicist fear that the same devices meant to help patients suffering from devastating neural diseases could be manipulated to breach one’s privacy. Devices and treatments used to cure or alleviate effects of neurodegenerative diseases such as Alzheimer’s and Parkinson’s, or perhaps to help those who have mental illnesses or impairments could be used to decipher one’s hidden thoughts, and even used as a way to discriminate against someone based on one’s religious beliefs and values. The main areas of Neuroethics that have caused concern are brain implants and medical devices, neuroimaging, and brain machine interfacing. Implantable brain or neural devices are an exciting rapidly growing research area in class of biomedical devices. Brain implants usually function by interfering w... ... of the brain and the more complex interworking’s of the human mind. As a result the field of Neuroscience is making strides in medicine and engineering at an astounding rate with no prospect of slowing down in the near future. With such great innovation in biomedical engineering concerning brain implants, neuroimaging, and brain machine interfacing meant to improve the quality of life of individuals. The potential misuse of this technology is of great concern. As engineers grow closer to producing brain scanners that can read someone’s mind or neuroimaging machines that can be used to predict behavior and influence thoughts and emotions, Neuroethics must be a moral compass at the forefront of the field of biomedical engineering in area of neuroscience to ensure that ultimately the rights and privacy of the individuals the technology is meant to help are protected.

Disaster of Bangladesh

This article is about the distressing incident which took place in Bangladesh where 228 people died in the fall down of eight storey’s Rana Plaza. Rana Plaza had shops, offices and factories crowded with many people. But due to its substandard construction building got collapsed and fell down killing many people. While many of them got trapped and seriously wounded and the Bangladeshi government confirmed a day of national grief.Rana Plaza contained four garment factories which were supplying economical garments to global retailers like Primark and Bonmarchà © with their western customer base. Even it was announced that the building is no safer for work and needs to be evacuated on immediate basis but New Wave workers were forced to work in order to fulfill the orders of Primark and Bonmarchà ©. Initially both British companies accepted that New Wave was among their suppliers and committed to offer the possible support but later on refused to take any kind of responsibility in this regard.In the opinion of retail consultants and other professionals both of the companies are responsible to inspect and monitor the minimum working standards and overall conditions in which their designs and products are being produced as they are earning revenues by selling the same products. The cheap labour and workers who are working in India, Pakistan, Bangladesh, SriLanka etc have the similar rights as of western workers and they should be equally acknowledged for their profession and work.Most of the big retailers like Primark, Bonmarchà © are outsourcing their products from under developed countries and their customers are getting benefits too of buying low priced items. The Government of Bangladesh and all under developed countries have to implement strict standards for construction of factories, industrial and commercial buildings in order to avoid such disasters. On the other hand the Governments of big retailers have to impose certain statutory regulations whic h will protect their manufacturers/suppliers in countries like Bangladesh.Lastly consumers have to play their role by using the purchasing power to force big retailers to follow a book of rule. I would like to add similar incidents which happened in the factories, commercial and residential buildings of Pakistan. Garment factories in the Pakistani cities of Karachi and Lahore caught fire on 11 September 2012. The fires occurred in a textile factory in the western part of Karachi and in a shoemaking factory in Lahore.The fires are considered to be the most deadly and worst industrial factory fires in Pakistan's history, killing 257 people and seriously injuring more than 600. The garment factory â€Å"Ali Enterprises†, which is located in Plot 67, Hub Road, Baldia Town, Karachi, used to export its garments to Europe and the United, and had employed between 1,200 and 1,500 workers. Ali Enterprises manufactured denim, knitted garments, and hosiery, and had capital of between $10 million and $50 million.Workers at Ali Enterprises said they earned between 5,000 and 10,000 rupees ($52 to $104) a month for their labour. Margalla Towers Islamabad, Pakistan got collapsed in year 2005. All of these incidents usually take place in developing countries due to the negligence of building owners, lack of construction standards, corruption and lack of governance. Conclusion: The only solution is to build and construct the industrial factories by following international construction standards in order to avoid such disasters.And international retailers should be very careful in selecting their production partners in order to have smooth supply chain function. The most sensible conclusion is to accept that responsibility is shared between companies and consumers. Put simply, all of us have a duty. â€Å"If we want to wear cheap clothes, which are made by people who work in these conditions, then there’s a moral responsibility for us as well as for the brands,â₠¬  says Ms Lissaman. Disaster of Bangladesh This article is about the distressing incident which took place in Bangladesh where 228 people died in the fall down of eight storey’s Rana Plaza. Rana Plaza had shops, offices and factories crowded with many people. But due to its substandard construction building got collapsed and fell down killing many people. While many of them got trapped and seriously wounded and the Bangladeshi government confirmed a day of national grief.Rana Plaza contained four garment factories which were supplying economical garments to global retailers like Primark and Bonmarche with their western customer base. Even it was announced that the building is no safer for work and needs to be evacuated on immediate basis but New Wave workers were forced to work in order to fulfill the orders of Primark and Bonmarche. Initially both British companies accepted that New Wave was among their suppliers and committed to offer the possible support but later on refused to take any kind of responsibility in thi s regard.In the opinion of retail consultants and other professionals both of the companies are responsible to inspect and monitor the minimum working standards and overall conditions in which their designs and products are being produced as they are earning revenues by selling the same products. The cheap labour and workers who are working in India, Pakistan, Bangladesh, SriLanka etc have the similar rights as of western workers and they should be equally acknowledged for their profession and work.Most of the big retailers like Primark, Bonmarche are outsourcing their products from under developed countries and their customers are getting benefits too of buying low priced items. The Government of Bangladesh and all under developed countries have to implement strict standards for construction of factories, industrial and commercial buildings in order to avoid such disasters. On the other hand the Governments of big retailers have to impose certain statutory regulations which will pr otect their manufacturers/suppliers in countries like Bangladesh.Lastly consumers have to play their role by using the purchasing power to force big retailers to follow a book of rule. I would like to add similar incidents which happened in the factories, commercial and residential buildings of Pakistan. Garment factories in the Pakistani cities of Karachi and Lahore caught fire on 11 September 2012. The fires occurred in a textile factory in the western part of Karachi and in a shoemaking factory in Lahore.The fires are considered to be the most deadly and worst industrial factory fires in Pakistan's history, killing 257 people and seriously injuring more than 600. The garment factory â€Å"Ali Enterprises†, which is located in Plot 67, Hub Road, Baldia Town, Karachi, used to export its garments to Europe and the United, and had employed between 1,200 and 1,500 workers. Ali Enterprises manufactured denim, knitted garments, and hosiery, and had capital of between $10 million and $50 million.Workers at Ali Enterprises said they earned between 5,000 and 10,000 rupees ($52 to $104) a month for their labour. Margalla Towers Islamabad, Pakistan got collapsed in year 2005. All of these incidents usually take place in developing countries due to the negligence of building owners, lack of construction standards, corruption and lack of governance. Conclusion: The only solution is to build and construct the industrial factories by following international construction standards in order to avoid such disasters.And international retailers should be very careful in selecting their production partners in order to have smooth supply chain function. The most sensible conclusion is to accept that responsibility is shared between companies and consumers. Put simply, all of us have a duty. â€Å"If we want to wear cheap clothes, which are made by people who work in these conditions, then there’s a moral responsibility for us as well as for the brands,† says Ms Lissaman.

Interpretations of Gilmans The Yellow Wallpaper

Interpretations of Gilman’s â€Å"The Yellow Wallpaper† â€Å"The Yellow Wallpaper† by Charlotte Perkins Gilman is an example of how stories and the symbolism to which they are related can influence the perspective of its readers and alternate their point of view. In the â€Å"Yellow Wall-Paper†, the unknown narrator gets so influenced by her surroundings that she starts showing signs of mental disorder, creating through many years several controversies on trying to find the real causes of her decease. Gilman’s story has been cause of debates since it publication, it has been analyzed by many intellectuals and exposed to many different points of views, but no one has proven to be completely right about the different kind of meanings†¦show more content†¦Days turn into weeks, and after still being exposed to this particular yellow wallpaper, she stars having more severe hallucinations. Every time she looks at the wallpaper, she sees a woman inside it, shaking and moving the walls as if she is trying to escape away from it. Gilman uses the image of this trapped woman inside the wallpaper as a way to express the incarceration of women at her time. By looking at the story from this point of view and analyzing the woman trying to leave the wallpaper, Gilman expresses the revolutionary movement that was going on at the time, using the narrator as a symbol of the whole female society. One critic describes â€Å"And in identifying with and freeing both the woman and that part of herself trapped by her patriarchal world, the narrator finds a measure of freedom† (Golden 53). This passage represents Gilman’s society and the struggle that women had go through in order to escape a world dominated by a male society. Readers can perceive that the narrator feels kidnapped and tormented by her husband’s lack of interest towards her mental illness, and these hallucinations are the reaction of it, or maybe she is ju st trying to get her husband’s attention more often. The narrator comments that â€Å"John is away all day, and evenShow MoreRelatedThe Yellow Wallpaper By Charlotte Perkins Gilman846 Words   |  4 PagesThe dignified journey of the admirable story â€Å"The Yellow Wallpaper† created by Charlotte Perkins Gilman’s, gave the thought whether or not the outcome was influenced by female oppression and feminism. Female oppression and feminist encouraged a series of women to have the freedom to oppose for their equal rights. Signified events in the story â€Å"The Yellow Wallpaper† resulted of inequality justice for women. Charlotte Perkins Gilman gave the reader different literary analysis to join the unjustifiableRead MoreThe Yellow Wallpaper: A Look Into Post-Partum Depression1061 Words   |  5 PagesCharlotte Perkins Gilman’s story, The Yellow Wallpaper, portrays the life and mind of a woman suffering from post-partum depression in the late eight eenth century. Gilman uses setting to strengthen the impact of her story by allowing the distant country mansion symbolize the loneliness of her narrator, Jane. Gilman also uses flat characters to enhance the depth of Jane’s thoughts; however, Gilman’s use of narrative technique impacts her story the most. In The Yellow Wallpaper, Charlotte Perkins GilmanRead MoreYellow Wallpaper1095 Words   |  5 Pagesexperience through the use of medical treatments and power structures. Charlotte Perkins Gilman’s â€Å" The Yellow Wallpaper† is a perfect example of these themes. 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AlthoughRead MoreThe Cask Of Amontillado, By Edgar Allan Poe And The Yellow Wallpaper Essay1486 Words   |  6 Pagesof the events taking place. This distortion gives readers a chance to offer their own interpretations to the story being told. Unreliable narration is valuable to the reader and satisfying to the author because the audience must look beyond what the narrator is portraying and view all the elements of the read to understand the author s message. The Cask of Amontillado by Edgar Allan Poe and The Yellow Wallpaper by Charlotte Perkins Gilman are great examples of unreliable narration. The Cask of AmontilladoRead MoreThe Yellow Wallpaper913 Words   |  4 Pagesâ€Å"The Yellow Wallpaper† For quite a long time before the past century, the female gender had been a race characterized by limited opportunity and the widespread belief of inferiority to the male gender. It was not until the women’s rights movement took off in the 1920’s that women began to enjoy having the same opportunities as men and playing an active role in society. Before that time, women were perceived as being inferior to their male counterparts and received less respect than men. This resultedRead MoreIntentional and Symptomatic Readings on ‚Äà ºthe Yellow Wallpaper‚Äà ¹1652 Words   |  7 PagesIntentional and symptomatic readings on â€Å"The Yellow Wallpaper† On starting my reading on Charlotte Perkins Gilman’s short story â€Å"The Yellow Wallpaper†, I found it very amusing to understand the feeling of the narrator, whose name is revealed as Jane at the very end of the story. She is constantly restricted in many ways by her husband John, yet many of her description describes him as â€Å"caring† and â€Å"loving† even though he disappoints her in most of her wants. The contradiction, I suspected, wasRead More Essay on Narrator and Point of View in Yellow Wallpaper and Story of an Hour1321 Words   |  6 PagesNarrator and Point of View in The Yellow Wallpaper and The Story of an Hour  Ã‚      Both Gilmans and Chopins stories are, in effect, stories of women who feel trapped by the men in their lives. Gilman uses first person narration to reveal a womans creeping loss of reality to her readers, while Chopin allows us to experience the joy Louise Mallard felt upon hearing of her husbands death through third person narration. Interestingly, neither story would have been able to reveal either womansRead More Symbolism and Repression in The Yellow Wallpaper2041 Words   |  9 PagesSymbolism and Repression in The Yellow Wallpaper      Ã‚  Ã‚  Ã‚   Charlotte Perkins Gilman’s story, â€Å"The Yellow Wallpaper† is as a wonderful example of the gothic horror genre. It was not until the rediscovery of the story in the early 1970’s that â€Å"The Yellow Wallpaper† was recognized as a feminist indictment of a male dominated society. The story contains many typical gothic trappings, but beneath the conventional faà §ade hides a tale of repression and freedom told in intricate symbolism as seen throughRead More Essay on Condemnation of a Patriarchal Society in Yellow Wallpaper860 Words   |  4 PagesPatriarchal Society in The Yellow Wallpaper      Ã‚  Ã‚  Ã‚   Charlotte Perkins Gilman was crafty. Taken at face value, her short work, The Yellow Wallpaper, is simply the diary of a woman going through a mental breakdown. The wallpaper itself is the arbitrary object on which a troubled mind is obsessively fixated. The fact that Gilman herself suffered from a nervous breakdown makes this interpretation seem quite viable. This explanation is, however, dead wrong.    The wallpaper is not merely the object