A probability distribution that summarizes the likelihood that a value will take one of two
independent values under a given set of parameters or assumptions. The underlying
assumptions of the binomial distribution are that there is only one outcome for e
1. Change 1n estimate accounted for prospectively
Straight line depreciation 500 0,00120= $25, 000
Book value at beginning:
Original Cost 520,000
Less: Accumulated depreciation (150,000)
Book value at beginning 370,000
Depreciation for 2014:
Remaining Boo
A. B:DC C:E12% D E:E75
Dec.31 unearned Interest: Leases $ 21,732
Interest Revenue: Leases
[To record the interest Revenue) _
Interest Carrying
Decrease in Lease Expense! Installment amount
Period ReceivableIPayahl
Employee
Employee
Salary
Years Previous Experience
Years Employed
Years Education
Gender
Department
Number Supervised
1
-0.0417387
0.15993154
-0.07176558
-0.12390226
-0.02622458
-0.14215524
-0.00145802
Salary
Years Previous Experience
Years Employed
Years
At the beginning of 2013, Norris Company had a deferred tax liability of $6,900,
because of the use of MACRS depreciation for income tax purposes and units-ofproduction depreciation for financial reporting. The income tax rate is 30% for 2012
and 2013, bu
T-score and Z-score are both used in statistic, they are referred to as standard scores.
From Z and T , we can indicate data is above or below form the mean.
Z-score is the number of standard deviation away from the average value of the
reference group. I
Year 1
25,000
120
80
3,000,000
2,000,000
Units
Unit Price
Unit Cost
Sales
Costs
Sales
Year
Year
Year
Year
Year
Year
0
1
2
3
4
5
3,000,000
3,275,400
3,576,082
3,904,366
4,262,787
NWC
270,000
294,786
321,847
351,393
383,651
0
New Machine Basis
Year 0
Sales
4-2 Future Values
A dollar in hand today is worth more than a dollar to be received in the future because, if you had it now, you could invest it,
earn interest, and end up with more than one dollar in the future. The process of going to future values (FV
Partial income
statement
information
Sales
Cost of Goods Sold
600,000
450,000
Balance Sheet
Cash
Account
receivable
Inventories
Fixed assets
Total assets
28,000
Account payable
110,000
60,000
120,000
192,000
$400,000
Long-term debt
Common stock
Retained e
Question 2:
Quigley Inc. is considering two financial plans for the coming year.
Management expects sales to be $301,770, operating costs to be
$266,545, assets to be $200,000, and its tax rate to be 35%.
Under Plan A it would use 25% debt and 75% common