Swan-Davis, Inc. (SDI) manufactures equipment for sale to large contractors. The company was founded in 1976 by Tom Stone, the current chairman, and it went public in 1980 at $1 per share. The stock currently sells for $15, Stone owns 14 percent of the shares, and other officers and directors control another 13 percent. The industry is cyclical, and competition is strong, so profits are some-what unstable. Tables 1, 2, and 3 provide historical balance sheets, income statements, and ratios for the company for the period 1994–1996, Table 4 provides industry average data for 1994-1996, and Table 5 provides one security analyst’s forecasted data for the company based on assumptions set forth later in the case.…
1. In 1982 it seems the company will have to downsize. What are the factors that are forcing the company to make that decision? (10 marks)…
Benjamin Franklin Plumbing offers licensed, expert plumbers for a wide range of residential and commercial plumbing services. Our professional plumbers can locate and repair the issue causing plumbing odors in your home. Our experienced plumbers possess the expertise to provide quality plumbing that meets and/or exceeds the industry standards. For plumbing you can rely on contact a Ben Franklin plumber in Sugar Land. We serve Sugar Land, Katy, Houston and the surrounding areas, and are a member of the BBB with an A+…
1. The difference between a developing and a developed country are typically based on economics. A developing country usually has a low level of affluent citizens, and higher levels of unemployment. Developing countries also have lower education rates, and often times undeveloped, rural type villages. Developed countries usually have technological advantages, better roads, stable governments, higher education rates, and good health care.…
Exchange Rates Schedule of Adjusted Amounts Based on CAD $100,000 Date Exchange Rate Foreign Currency 12/31/2004 0.830979 12/31/2005 0.857927 2,694.80 12/31/2006 0.858222 29.50 12/31/2007 1.01204 15,381.80 Necessary Journal Entries to calculate other comprehensive income. Retained Earnings 15,000.00 Deferred Tax 10,000.00 Accumulated Depreciation 25,000.00 Retaind Earnings 21,000.00 Deferred Taxes 14,000.00 Inventory 35,000.00 Investment in Subsidiary 2,694.80 Cumulative Translation Adjustment 2,694.80 Investment in Subsidiary 29.50 Cumulative Translation Adjustment 29.50 Investment in Subsidiary 15,381.80 Cumulative Translation Adjustment 15,381.80 Lee Corporation Statement of Changes in Stockholder's Equity For the year ended on December 31, 2007 Common Stock Additional Paid-in Capital Treasury Stock Retained Earnings Accumulated Other Comprehensive Income Total Stockholder's Equity Balance as of January 1, 2007 $500,000.00 $1,000,000.00 $(200,000.00) $225,000.00 $1,525,000.00 Prior Period Adjustments: Depreciation Error (Net) $(15,000.00) $(15,000.00) Inventory Methods Change (Net) $(21,000.00) $(21,000.00)…
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Fred Stern & Company, Inc. was a rubber importer based out of New York City during the 1920s. This capital-intensive business was in high demand for numerous industries at the time. As such, Fred Stern & Co. relied heavily on lenders to finance its daily operations. In 1924, Fred Stern & Co. approached a finance company named Ultramares Corporation for a loan of $100,000. Before accepting the terms, Ultramares Corp. requested an audited balance sheet to serve as support for the loan. A well-respected accounting firm named Touche, Niven & Co. had provided assurance for their statement a few months earlier, which allowed the deal to go through. The following year, in January 1925, Fred Stern & Co. filed for bankruptcy and Ultramares Corporation found itself suing Touche, Niven & Co. for fraud & negligence to recover $165,000 lost in the agreement.…
Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements.…
At Jim Jr.’s entry into the business, a direct sales model was implemented upon his recommendation to better the financial position of the company.…
Through this new approach, we will deliver more than just supplies to the customer. We…
Q1) What factors should Mr. McClintock consider in deciding whether or not to adopt the level…
Michael Johnson, P.C. & Associates is a general practice law firm. Their main office is located in Fort Mill, South Carolina and their other office is located in Columbia, South Carolina. Michael Johnson, P.C. & Associates was established in 2007. Their practice areas include real estate / closings, wills and estate planning, workers’ compensation, and nursing home abuse. Michael Johnson, P.C. & Associates delivers reliable and effective legal solutions.…
There are many different types of branches in the United States Army. All of them serve important needs to protect the nation’s freedom. The branch that has to do with defending the nation against the threat of chemical, biological, radiological, and nuclear weapons and lies within the Chemical Corps of the United States. This is important because rise of weapons of mass destruction has skyrocketed in the past 15 years. There are 3 companies of the Chemical corps and there are many different job opportunities in the field. The Chemical Branch is a branch of diversity, opportunity, and challenge.…
This is about asking the person, reading their file and speaking to others about the individual's background, and what their preferences, wishes and needs are.…
2. What does the coefficient of variation tell us? Can you determine the coefficient of variation for the product lines?…