Austin Kelly
BSNS 355
Prof. Nielsen
28 October 2016
1. Cash of not taking a cash discount
= Discount% / 100%- Disc. % x 360/ final due date- discount period
a. 2% / 98% x 360/ 4010 = 2.04% x 12.00 = 24.48%
b. 2% / 98% x 360/ 3015 = 2.04% x 24,00 = 48.96%

Austin Kelly
2.37.)
2.42.)
3.2
Column1
2.5
2.1 Mean
2.716667
3.7 Standard Error
0.267603
2.8 Median
2.65
2 Mode
#N/A
Standard Deviation
0.65549
Sample Variance
0.429667
Kurtosis
-0.940795
Skewness
0.480989
Range
1.7
Minimum
2
Maximum
3.7
Sum
16.3
Count
6

Austin Kelly
2.37.)
2.42.)
3.2
Column1
2.5
2.1 Mean
2.716667
3.7 Standard Error
0.267603
2.8 Median
2.65
2 Mode
#N/A
Standard Deviation
0.65549
Sample Variance
0.429667
Kurtosis
-0.940795
Skewness
0.480989
Range
1.7
Minimum
2
Maximum
3.7
Sum
16.3
Count
6

Problem 3-5
a1. Depreciation
Cost
Salvage value
Useful life
$192,000
$24,000
16 years
Assume Straight Line
192000-24000=168,000
168000/16=10500
Depreciation Expense
Accumulated deprecation
10500
10500
Problem 3-5
a2. Interest
Face value
Note dated
Term
Ra

Austin Kelly
BSNS 355-01
Prof. Nielsen
16 November 2016
Chapter 9 Homework
1. A. FV = $3,000 x 1.12
= 3,360.00
B. $3,360 x 1.12
= 3,763.20
C. 3,763.20 x 1.12
= $4,214.78
D. FV= PV X (1 + i)^N
= 3,000 (1 + 0.12) ^3
= 3,000 (1.404928)
= 4, 214.78
2. A.
PV=

Austin Kelly
BSNS 355
Prof. Nielsen
28 October 2016
1. Cash of not taking a cash discount
= Discount% / 100%- Disc. % x 360/ final due date- discount period
a. 2% / 98% x 360/ 4010 = 2.04% x 12.00 = 24.48%
b. 2% / 98% x 360/ 3015 = 2.04% x 24,00 = 48.96%

Austin Kelly
BSNS 355-01
Prof. Nielsen
21 October 2016
Chapter 7 Homework
1,5,7,9,10,11,12,15,16,17
1. A.) $5 million x 2 days = $10 million
$10 million + $3 million = $13 million
B.) $13 million x 12% = $1.56 million
5. Average collection period = accoun

Austin Kelly
BSNS 355
Prof. Nielsen
5 October 2016
Homework Chapter 5
1.
a. Break even = 97,500/35-22
= 97,500/13
= 7,500
b. Sales (7,500 x 35)
(Fixed costs)
(Total VC 7,500 x 22)
Net Profit (Loss)
2.
262,500
(97,500)
(165,000)
0
a. Break even = 97,500/35

Table 2
October
November
December
January
February
March
April
May
June
July
August
September
Beginning Inventory
Table 3
October
400.00
650.00
975.00
1,350.00
1,750.00
2,150.00
2,250.00
2,150.00
1,550.00
950.00
350.00
250.00
Production this month
150.00

CHAPTER 3 Financial Analysis
Ratio Analysis
1. Financial ratios
Used to weigh and evaluate operating performance of firm
Measured om relation to other values
Companies performance
Classification system
1. Profitability ratios
Profit margin
Return on

Austin Kelly
BSNS 355
Prof. Nielsen
5 October 2016
Glen Mount Furniture Case
1.
Sale
Less Fixed Costs
Less Variable Costs (58% of sales)
45,500,000
12,900,000
26,390,000 (45,500,000 x .58)
Operating Income (EBIT)
6,210,000
Less interest
Earnings before ta

Austin Kelly
BSNS 355
Prof. Nielsen
26 September 2016
Homework Chapter 4
1. Beginning cash
(Asset build up)
120,000
(300,000)
-180,000
96,000
-84,000
Profit (1,200,000 x 8%)
Deficit
4. Price x units = Cost
A
B
C
(x) x probability = expected value
Probabil

Austin Kelly
BSNS 355
Prof. Nielsen
30 October 2016
Pierce Control Systems
1.
Amount to be borrowed = Amount needed / (1-C)
10,000,000 / (1- .1)
=$11,111,111
2.
$11,111,111 x 0.055
=$611,111
$10,000,000 x 0.06
=$600,000
The 6 percent prime rate loan on $1

Austin Kelly
BSNS 355
Prof. Nielsen
21 September 2016
Homework Chapter 3
1.
Net Income/ Sales = Profit Margin
Division A
156,000
2,010,000
= 7.76%
Division B
28,800
329,000
= 8.75%
Division B is the superior group.
2. Profit Margin = Net income/ sales
Net

Austin Kelly
BSNS 355
Prof. Nielsen
21 September 2016
Case Study
1. Ratios:
a. Profit Margin
2007
193,200
4,269,871
= 4.52%
2008
243,100
4,483,360
= 5.42%
2009
200,318
5,021,643
=3.99%
b. Return on assets
2007
193,200
3,170,200
=6.09%
Net income sales x s

Friday, September 9, 2016
ReviewofAccountingCHAPTER2
Basicfinancialstatements
o Incomestatement
o Statementofretainedearnings(shortsupplementtoincomestatement)
o Balancesheet
o Statementofcashflows
Incomestatement
o Devicetomeasurefirmprofitability
Cover