South Sea Baubles: Incomplete Balance Details

Item4item4south Sea Baubles Has The Following Incomplete Balance Sh

Item4item4south Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Liabilities and Shareholders' Equity Current assets $ 104 $ 210 Current liabilities $ 78 $ 102 Net fixed assets ,040 Long-term debt INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 2,020 Cost of goods sold 1,100 Depreciation 420 Interest expense 254 a&b. What is shareholders’ equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $940 million to $1,040 million during 2019. What must have been South Sea’s gross investment in fixed assets during 2019? Complete this question by entering your answers in the tabs below. · Req A and B · Req C and D · Req E · Req F · Req G What is shareholders’ equity in 2018 and 2019? (Enter your answers in millions.) 2018 _______ million 2019 _____ million ITEM 5 The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $1,800,000 in setting up a production plant. He believes that he could sell his patent for $48 million. a. What is the book value of the firm? (Enter your answer in dollars not in millions.) b. What is the market value of the firm? (Enter your answer in dollars not in millions.) c. If there are two million shares of stock in the new corporation, what would be the book value per share? (Round your answer to 2 decimal places.) d. If there are two million shares of stock in the new corporation, what would be the price per share? (Round your answer to 2 decimal places.) ITEM #6 Butterfly Tractors had $16.00 million in sales last year. Cost of goods sold was $8.40 million, depreciation expense was $2.40 million, interest payment on outstanding debt was $1.40 million, and the firm’s tax rate was 21%. a. What was the firm’s net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm’s cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow if depreciation were increased by $1.40 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) f. What would be the impact on cash flow if depreciation was $1.40 million and interest expense was $2.40 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) a. Net income million b. Net cash flow million c. Net income would be by million Cash flow would be by million f. Cash flow would be by million Item 8 During the last year of operations, Theta’s accounts receivable increased by $11,000, accounts payable increased by $5,500, and inventories decreased by $2,200. What is the total impact of these changes on the difference between profits and cash flow? Total impact by ITEM 9 he following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,569 Costs 17,571 Depreciation 1,404 Earnings before interest and taxes (EBIT) $ 8,594 Interest expense 519 Pretax income 8,075 Federal taxes (@ 21%) 1,696 Net income $ 6,379 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Assets Liabilities and Shareholders' Equity Current assets Current liabilities Cash and marketable securities $ 2,338 $ 2,338 Debt due for repayment — $ 373 Receivables 1,,337 Accounts payable $ 3,,145 Inventories Total current liabilities $ 3,405 $ 3,518 Other current assets 1, Total current assets $ 4,930 $ 4,412 Fixed assets Long-term debt $ 13,635 $ 12,136 Property, plant, and equipment $ 24,679 $ 22,837 Other long-term liabilities 3,,959 Intangible assets (goodwill) 2,,655 Total liabilities $ 20,099 $ 18,613 Other long-term assets 2,,101 Total shareholders’ equity 15,,392 Total assets $ 35,400 $ 33,005 Total liabilities and shareholders’ equity $ 35,400 $ 33,005 In 2019 Quick Burger had capital expenditures of $3,051. a. Calculate Quick Burger’s free cash flow in 2019. (Enter your answer in millions.) b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) c. What would the company’s free cash flow have been if it was all-equity financed? (Enter your answer in millions.) MUE 2211: Music and Movement Summer Session MUE Welcome to MUE 2211! What to Expect Today Face to Face Class 1 Quick Share and Introductions Small Group Ice breaker Review Syllabus, Schedule and Expectations Break for dinner—30 minutes Lecture, dancing, singing. Plan to be available until the end of class Reflective prompt at the end of class MUE “Morning Meeting†Relationship-Building Daily Activity (Responsive Classroom) Morning Meetings are a daily activity in many classrooms to help build a sense of community and connection, as well as to reinforce learning. There are four components and we will be using this as a strategy to get to know each other better during our classes. 1. Greeting 2. Share 3. Group Activity 4. Morning Message Source: MUE “Morning†Meeting Greeting: “My name is _____†with a wave. Response is “Hello _______â€. Share your major and track and what you want to do in the future after school. Share: What is your favorite music type of music, musical artist, musical genre? Activity: Musical Hula Hoops News and Announcements: Tonight we’ll be learning about what’s in store for this class and we’ll be trying out lots of songs and movement MUE Important Info Schedule and Syllabus Highlights Home Page “Tour†Module section General Resources for Semester APA Brief Guide Directions and Road Map Each Week MUE Odds and Ends Things to Know: Textbook is excellent current & future resource—available for purchase under “Course Materials†tab in MUE 2211 Webcourses Modules, Weekly Activities and Responsibilities, Home Page, Syllabus and Schedule are essential to follow 30 minute dinner break halfway through Review Home Page Review Class Participation Rubric on Home Page Class Participation is Essential Reflective prompts at the end of class are a part of class participation MUE Focus of MUE 2211 To become knowledgeable of the research and value of music and movement in teaching children across all areas of the curriculum. To increase your knowledge of age-appropriate songs, dance, instruments, musical books and musical games for young children to use daily with children To increase your comfort level and confidence of using music and movement in early childhood classroom settings, regardless of your background in music and movement or your musical abilities To increase your knowledge and use of music regarding community building, connection, multiculturalism, and inclusion “A Ram Sam Sam†MUE Movement break by Learning Station Also Spotify MUE MENC is the national organization of music educators (under NAfME) that has put forth standards and guidelines regarding the appropriate developmental musical learning abilities of young children (birth to age 6). This is specifically regarding listening, moving, dancing, singing and playing musical instruments. These guidelines are helpful to educators in determining developmentally appropriate music experiences for young children. (Edwards, 2013, p. 13-15) Music Educators National Conference (MENC) Standards: a Part of NAfME (National Association for Music Educators) MENC Standards MUE MENC Belief Statements (. All children have musical potential 2. Children bring their own unique interests & abilities to the learning environment 3. Very young children are capable of developing critical thinking skills through music ideas. 4. Children come to early childhood experiences from diverse backgrounds 5. Children should experience exemplary musical sounds, activities and materials. MUE MENC Belief Statements (. Children should not be encumbered with the need to meet performance goals 7. Children’s play is their work 8. Children learn best in pleasant and social environments 9. Diverse learning environments are needed to serve the developmental needs of many individual children 10. Children need effective adult models (Edwards, C, 2013—Music and Movement textbook) MUE MENC Standards Example Basic Stages of Early Musical & Movement Development and the National Standards—2-3 years old (Edwards, 2013, pp 13-15) Listening and Moving to Music: Dance begins. Rhythm is especially appreciated. Children are more able to keep time, follow directions and focus better Singing: Real singing with words and carrying tunes begins. Children enjoy familiar tunes, sung repeatedly. Playing Musical Instruments: Interest in making music with real musical instruments and sounds increase. MUE Developmentally Appropriate Practice with Young Children (Edwards, 2013, p. 17) Teachers must role model and be actively involved in music activities The space and time for musical activities needs to be intentional and thought-out both indoors and outdoors for large muscle skills and activities “Adults in the classroom provide many experiences and opportunities to extend children’s language and musical experiences‗i.e. nursery rhymes, fingerplays, singing, listening, circle and movement play, simple rhythm instrument Children have daily and various opportunities to express and appreciate music in many forms 4 Elements of Connection Eye Contact Touch Playfulness Presence MUE Connection Music Promotes Connection When kids feel connected in a healthy way, they feel safe and are more able to learn and grow Dr. Becky Bailey—Childhood Classroom Management and Social Development Expert MUE If singing and dancing in front of people makes you nervous and if you are worried about how your voice sounds, you are in the majority. Most people feel this way. HOWEVER, music and movement with children is NOT about a high-quality performance. It’s about INTERACTION and CONNECTION and LEARNING through playful ways. So, embrace silly, embrace singing whole-heartedly, embrace moving. The children will follow you and adore you for it. Music= Connection + Learning MUE Quote If you can walk you can dance. If you can talk you can sing. --Zimbabwean Proverb MUE Music and Brain Research Wilfried Gruhn Rae Pica MUE Wilfried Gruhn Brain connections formed in early years—electric energy between neurons (synapses) Music enhances the development of these synapses Left and right brain are stimulated at same time MUE Brain Development—Birth to 2 Years Neuron Connections This picture depicts brain cells (neurons) and circuit connections (synapses) that develop with learning and experiences. This photo shows the circuit connection changes that can occur from infancy to 2 years old. Early childhood is a critical time for making these connections that influence learning for a life time. Source: MUE Rae Pica-ECE author & expert There is no other activity that stimulates both the right and left side of the brain more than music. When children are involved in activities that support literacy with music, more of their brain is activated than with literacy activities alone. Children in musical training score higher in spatial-temporal reasoning (responsible for math and science abilities) MUE “Get Ready for This†by The Hit Crew “Get Ready for This†MUE Break Time Break Time! MUE Favorite Musical Artist or Show Break Out Session In your small group, get to know each other better. Take turns, introduce yourself and answer one of the following questions— “If you could meet any musical artist, band, or see any musical performance (including musicals), who/ what would that be?†“If music isn’t something you think about much, what is your favorite instrument to listen to?†MUE Phonemic (speech sound) awareness—primary predictor of future reading skills Rhyming abilities—another important indicator of future reading success Syllable (beats in words) recognition—music is full of beats Increased number of vocabulary words Ability to write or draw more detailed stories Improved attention span and increased memory Music Activities Help Develop Reading, Writing, Speaking & Listening Skills Music & Literacy Research MUE Both are forms of communication Both read from left to right Both have print awareness—reading words or reading notes Both use hearing to discriminate and interpret sound Both are sensitive to different sounds Phonological awareness in words Timbre in music Both have patterns, sequences, pitch (high/ low), expression, dynamics (quiet/ loud) Both use fluency or the ability to express clearly. Literacy: reading, writing, speaking Music: performing music smoothly and readily Music and Literacy Similarities and Parallels (Reading and Writing, specifically) Donna Wiggins Research (2007) MUE Literacy & Young Children Very young children are taking in new sounds as they are beginning to speak, as taking in new music sounds. Kinesthetic learning--powerful learning occurs when pairing vocabulary with movement (i.e. moving like a turtle) New vocabulary is introduced through musical activities—i.e. body parts, action verbs (twisting, wiggling) Spatial/ positional words and concepts are introduced—i.e. high/ medium/ low; up/ down; behind/ in front; over/ under, on/ off; near/ far Qualities in time and force are introduced (i.e. slow/ fast, heavy/ light, strong/ weak) MUE Music can be used to create a culturally aware and culturally accepting environment where all children are valued and respected. Multicultural music should be incorporated into classroom activities on an ongoing basis—not a tourist approach This is especially vital in a country such as the US where is extensive diversity Often preschool is the first-time children become aware of diversity A Preview--multicultural music and research will be covered more thoroughly in a future class Multicultural Music & Research MUE Curriculum Areas & Music 1. Approaches to learning: creativity, curiosity, eagerness and perseverance 2. Literacy: reading, writing, speaking, talking (by using books with music, letter recognition, phonics, rhyming, comprehension, sequencing a story, vocabulary development, syllables) 3. Gross and Fine Motor (i.e. different ways to move—sliding, galloping, slithering, hopping, jumping, tip toeing. Also bilateral crossing, pencil grip, using fingers to count) 4. Social and Emotional (i.e. connecting with others, kindness, self-confidence, self-control, identifying/ expressing feelings, community building, feelings of security) ADD A FOOTER 29 Curriculum Areas & Music (continued) 5. Listening, Communication and Following Directions 6. Math (i.e. patterning, series, counting, number recognition, adding, subtracting) 7. Science (i.e. plants, animals, bugs, weather) 8. Social Studies (i.e. awareness of environment, social roles, families, jobs, differences & similarities in people) ADD A FOOTER 30 Curriculum Areas & Music (continued) 9. Other curriculum content (i.e. days of week, months of year, colors, opposites 10. Increase focus and attention—especially children with attention or sensory issues 11. Community building and connection 12. Appreciation of the beauty of music (aesthetics) 13. Joyfulness MUE Original Song Two Little Blackbirds sitting on a hill One named Jack And one named Jill Fly away Jack, fly away Jill Come back Jack, come back Jill Variations Cloud (quiet/ loud) Row (fast/ slow) Pad (happy/ sad) Sky (low/ high) Gate (early/ late) Ice (mean/ nice) Lily (serious/ silly) Mop (bottom/ top) Car (near/ far) “Two Little Blackbirds (9 verses!)†by Storytime Fingerplay https:// /watch?v=gjv5Jwgsn7I “Two Little Blackbirds†Song MUE “Baby Shark 1 to 5†song by Pinkfong One, one, number one, who’s gonna sing? One baby shark sings, Doo, doo, doo, doo, doo Two, two, number two, who’s going to sing? Two baby whales sing, doo, doo, doo, doo, doo Three baby turtles sing… Four baby rays sing…. Five baby crabs sing…. Baby Shark 1 to 5 | Sing Along with Baby Shark | Pinkfong Songs for Children - YouTube MUE “Jumping in the Bed†by Jools Four Little brothers jumping in the bed One fell off and bumped his head Mama called the doctor and the doctor said, No more brothers jumping on the bed Then 3, 2, 1 No more brothers jumping on the bed They laid em down to sleep instead Jumping In The Bed (Hip Hop Remix) - YouTube MUE “If You’re Wearing Colors†song by Learning Station If you’re wearing red, stand up and shake your head If you’re wearing green, stand up and bow to the queen Stand up no matter what color’s on you, do and clap till we see what we do (refrain) If you’re wearing yellow, stand up & shake like jello If you’re wearing black, stand up and pat your back (refrain) If you’re wearing blue, stand up and touch your shoe If you’re wearing brown, stand up and spin around (refrain) If you’re wearing grey, and holler “Hey†If you’re wearing white, stand up and turn to the right (refrain) If you’re wearing tan, stand up and wave your hand If you’re wearing purple, stand up and turn in a circle (refrain) If you’re wearing pink, stand up and wink, wink, wink If you’re wearing peach, stand up and reach, reach, reach (refrain) MUE “I Wish You Well†by Dr. Becky Bailey & Jack Hartmann My heart to your heart, I wish you well My elbow to your elbow, I wish you well My back to your back, I wish you well My eyes to your eyes, I wish you well Re