Archives: Solution Manual

20–1 CHAPTER 20 UNDERSTANDING THE ISSUES 1. Several of the important goals of estate planning are to identify and clearly commu- nicate the desires and wishes of the dece- dent, maximize the value of the estate’s net assets, minimize the […]

2.8 • Solutions 147 5. The vector w is in the subspace generated by v 1 and v 2 if and only if the vector equation x 1 v 1 + x 2 v 2 = w is consistent. The […]

3. Describe and illustrate the following statements for a manufacturing business: balance sheet, statement of cost of goods manufactured, and income statement. 305 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to […]

© 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Problem 19-5, Concluded Event Fund Journal Entry (8) Plant Fund for Fund Balance—Restricted …………………………. […]

2.5 • Solutions 127 1 100 100 ~0 1 0 2 1 0 , 001 111 IL − ⎡⎤ ⎢⎥ ⎡⎤ =⎣⎦ ⎢⎥ ⎢⎥ − ⎣⎦ 1 100 so 2 1 0 . 111 L − ⎡ ⎤ ⎢ ⎥ […]

An asterisk (*) will appear to the right of an incorrect entry. 1. Prius Company Volt Company Materials inventory, December 1 280,280$ 177,000$ Materials inventory, December 31 (a) 180,000 Materials purchased 712,800 342,000 Cost of direct materials used in production […]

19–1 CHAPTER 19 UNDERSTANDING THE ISSUES 1. The measurement focuses used by public universities under GASB Statement No. 34 are both the flows of financial resources and the flows of economic resources. Pri- vate universities use a measurement focus of […]

2.3 • Solutions 107 ( ) ( ( )) ( ( )) Because is linear Byequation (1) () Sr SrT STr T r rS == = = ux x x u So S preserves scalar multiples. Thus S is a […]

CHAPTER 15 Financial Statement Analysis Prob. 15–1B 1. 2016 2015 Amount Percent Sales $910,000 $700,000 $210,000 30.0% Cost of goods sold 441,000 350,000 91,000 26.0% Gross profit $469,000 $350,000 $119,000 34.0% Selling expenses 139,150 115,000 24,150 21.0% 2. The profitability […]

18–1 CHAPTER 18 UNDERSTANDING THE ISSUES 1. Separating the accounting for current activ- ities into restricted and unrestricted funds allows for detailed reporting of resources and spending. This is often done to satisfy donors and/or grantors who require de- tailed […]

Copyright © 2012 Pearson Education, Inc. Publishing as Addison-Wesley. 7. Loop 1: The resistance vector is 22 1 3 4 4 7Voltage drop for is negative; flows in opposite direction 0Current does not flow in loop 1 Voltage drop for […]

CHAPTER 15 Financial Statement Analysis Ex. 15–14 c. Hasbro carries a larger proportion of debt to the stockholders’ equity than Mattel (1.9 and 1.1 times stockholders’ equity). Both companies have strong interest coverage; however, Mattel’s ratio is much stronger than […]

CHAPTER 17 UNDERSTANDING THE ISSUES 1. The new reporting model adopts full accrual accounting for the government-wide statements for both governmental and business-type activi- ties. Therefore, a conversion of the govern- mental fund activity is necessary in order to present […]

1.8 • Solutions 61 which is not the same as T(x) + T(y) = Ax + b + Ay + b 25. Any point x on the line through p in the direction of v satisfies the parametric equation x […]

1. Horizontal analysis is the analysis of increases and decreases in financial statement items. The change in the amount and the percentage increase (decrease) in the item is presented. The amount 2. Comparative statements provide information as to changes between […]

16–19 Ch. 16—Problems PROBLEM 16-7 (1) b, f (2) b, e (3) d, b (4) a, c PROBLEM 16-8 (1) Entries in the Internal Service Fund: Expenses—Claims and Judgments ………………………………………… 4,000,000 Cash …………………………………………………………………………….. 2,300,000 Claims and Judgments Liability ………………………………………… 1,700,000 […]

1.6 • Solutions 41 Move all variables to the left side and combine like terms: –.8 .9 – .4 0 –.1 – .8 .6 0 FMS FMS pp p pp p += += .8 .9 .4 0 .1 .8 .6 […]

3. Use financial statement analysis to assess the profitability of a business. 289 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. chapter […]

Ch. 16—Problems 16–1 16–1 CHAPTER 16 UNDERSTANDING THE ISSUES 1. Capital projects funds are used to account for the inflows and outflows of financial re- sources raised and expended to acquire major capital assets used by the general government. This […]

1.3 • Solutions 21 3100 6400 23610 ~ 0 1.000 1.800 250 360 1623 0 0 0 ⎢⎥⎢⎥ ⎢⎥⎢⎥ ⎢⎥⎢⎥ ⎣⎦⎣⎦ The steam plant burned 3.9 tons of anthracite coal and 1.8 tons of bituminous coal. 27.6 30.2 162 1.000 […]

15. Rate earned on common stockholders’ equity 16. Earnings per share on common stock 17. Price-earnings ratio 18. Dividends per share of common stock 19. Dividend yield An asterisk (*) will appear to the right of an incorrect entry. Current […]

© 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Problem 15-4, Concluded (e) Encumbrances ……………………………………………………………….. 276,000 Fund Balance—Assigned ………………………………………….. 276,000 To record encumbrances. […]

1.1 SOLUTIONS Notes: The key exercises are 7 (or 11 or 12), 19–22, and 25. For brevity, the symbols R1, R2,…, stand for row 1 (or equation 1), row 2 (or equation 2), and so on. Additional notes are at […]

An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded. 1. 2016 2015 Amount Amount Amount Percent Sales 6,750,000$ 6,000,000$ Cost of goods sold 2,480,000 2,000,000 Gross profit 4,270,000$ 4,000,000$ Selling […]

15–1 CHAPTER 15 UNDERSTANDING THE ISSUES 1. GASB Statement No. 34 stipulates a new reporting model that includes two separate, but related sets of financial statements. The first set, the fund financial statements, focuses on reporting activity as a collection […]

Page 5 of 5 MATLAB Project: Using Eigenvalues to Study Spotted Owls (c) Prove that the real eigenvalue 1 λ is greater than 23 |||| λλ =. Hence, the real positive eigenvalue of A will always be the dominant eigenvalue […]

CHAPTER 14 Statement of Cash Flows Prob. 14–2B (Concluded) Balance Balance Account Title Dec. 31, 2013 Dec. 31, 2014 Operating activities: Increase in prepaid expenses (m) 6,440 Decrease in accounts payable (h) 89,600 Decrease in salaries payable (f) 8,120 Investing […]

© 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Problem 14-2, Concluded (4) The capital of the original partnership plus the contribution of […]

Copyright © 2012 Pearson Education, Inc. Publishing as Addison Wesley 4. Consider the sketch below. The standard unit square is shown on the left. (a) (hand) Find 33×matrices A, B and C so that applying your new matrices in succession […]

CHAPTER 14 Statement of Cash Flows Prob. 14–1A (Concluded) (Optional) Balance, Balance, Account Title Dec. 31, 2015 Dec. 31, 2016 Cash 585,920 (m) 39,840 625,760 Accounts receivable (net) 208,960 (l) 18,880 227,840 Accrued expenses payable (52,640) (e) 10,400 (42,240) Dividends […]

CHAPTER 14 UNDERSTANDING THE ISSUES 1. A major concern is that the value used as a basis for establishing the price an incoming partner should pay is the fair value of the ship ($500,000 versus $400,000). existing partnership’s net assets. […]

Copyright © 2012 Pearson Education, Inc. Publishing as Addison Wesley 2. (hand) Using the matrices in question 1: (a) Can you calculate AC as 11 11 21 12 31 13 11 21 21 22 31 23 11 31 21 32 […]

4. The $30,000 increase must be added to income from operations because the amount of cash p aid to merchandise creditors was $30,000 less than the amount of purchases included in the cost of goods sold. 5. The $25,000 decrease […]

Ch. 13—Problems 13–16 PROBLEMS PROBLEM 13-1 Allocation of $280,000 of Partnership Income Cumulative Rockford Skeeba Tapinski Total Profit and loss percentage ……………. 35% 25% 40% Salary ………………………………………… $50,000 $40,000 $55,000 $145,000 Bonus based on sales ………………….. 15,000 160,000 Bonus (see […]

Copyright © 2012 Pearson Education, Inc. Publishing as Addison Wesley 2. Now investigate products of lower triangular matrices which have all diagonal entries equal to 1. Such a matrix is called a unit lower triangular matrix. For example you could […]

3. Prepare a statement of cash flows, using the direct method. 273 © 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. The direct […]

13–1 CHAPTER 13 UNDERSTANDING THE ISSUES 1. Partnerships are generally less formal than other types of organizations and yet it is important to consider a number of factors in a partnership agreement. Individual part- ners have more legal exposure in […]

Page 2 of 3 MATLAB Project: Reduced Echelon Form and ref 2. Let B = ⎥ ⎥ ⎥ ⎦ ⎤ ⎢ ⎢ ⎢ ⎣ ⎡− 7.65.00 7.02.03.0 21.01.0 . (a) (hand) Calculate the reduced echelon form of B. Please show […]

Subtotal 2,382,600$ 113,400 Deduct increase in accounts payable Cash payments for merchandise 2,269,200$ 3. Operating expenses other than depreciation 1,344,840$ 11,400 Cash payments for operating expenses 1,356,240$ Add decrease in accrued expenses payable An asterisk (*) will appear to the […]

12–19 Ch. 12—Problems PROBLEM 12-3 Radix, Inc. Interim Income Statements For the For the Second Year-To-Date Quarter Ended Ended June 30, 2011 June 30, 2011 Net sales (see Schedule A) …………………………………………. $2,690,000 $4,050,000 Cost of sales (see Schedule B) …………………………………….. […]

*It is suggested that this project not be assigned until after Section 1.5 or 1.6. MATLAB PROJECTS to accompany the text LINEAR ALGEBRA AND ITS APPLICATIONS, 4th ed., David C. Lay Title of Project Prerequisite Sections in Text Getting Started […]

Net income (loss) Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on sale of land Changes in current operating assets and liabilities: Net cash flow used for operating activities Net cash flow used for […]

CHAPTER 12 UNDERSTANDING THE ISSUES 1. Viewing an interim period as an integral part of a larger annual period has several benefits. The allocation of expense under this viewpoint provides information that al- lows for more meaningful and insightful predictions […]

INSTRUCTOR’S MATLAB® MANUAL JEREMY R. CASE Taylor University JANE DAY San Jose State University LINEAR ALGEBRA AND ITS APPLICATIONS FOURTH EDITION David C. Lay University of Maryland The author and publisher of this book have used their best efforts in […]

Instructions Answers are entered in the cells with gray backgrounds. An asterisk (*) will appear to the right of an incorrect entry. The optional work sheet will not be graded, but is provided as an aid in determining amounts for […]

© 2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. PROBLEM 11-4 Retained Earnings—Parent …………………………………………. 832,500 Investment in Spruco …………………………………………….. 832,500 To eliminate the […]

CHAPTER 13 Investments and Fair Value Accounting Prob. 13–3B 1. 18 Investments—Malmo Inc.* 360,000 Cash 360,000 *9,000 shares × $40 per share 18 Cash* 25,500 Dividend Revenue 25,500 *(9,000 shares – 500 shares) × $3 31 Unrealized Gain (Loss) on […]

CHAPTER 11 UNDERSTANDING THE ISSUES 1. If major cash inflows and/or outflows are not denominated in the entity’s domestic currency, this is a strong indicator that another currency is the functional currency. The company’s financing, sales, and ex- penditure activities […]

CHAPTER 13 Investments and Fair Value Accounting Ex. 13–25 Ex. 13–26 a. Current: Dividend Yield = $0.80 ÷ $26.71 = 3.00% Previous : Dividend Yield = $0.64 ÷ $25.96 = 2.47% b. Dividends per share increased in the current year […]

10–13 Ch. 10—Problems PROBLEM 10-3 (1) The foreign currency transaction: March April Sales (200,000 euros × $1.180) ……………………………………….. $236,000 $ — Cost of goods sold ………………………………………………………….. 160,000 — Gross profit ……………………………………………………………………. $ 76,000 $ — Exchange gain (loss): 200,000 euros […]