Question Have Answer: September 2015

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $ ONLY

The following information is provided: Income before taxes $900,000 Income before taxes included the following Requirements: Interest income of= $80,000 (from municipal bonds) Rental income was collected in advance in 2011 and earned in 2012 = $20,000 A piece of equipment was purchased in 2012. Depreciation per books = $40,000 and per income taxes $100,000. Warranty expense in 2012 was $20,000 but for tax purposed only $5,000 was deductible. Assume that at the beginning of 2012 deferred tax asset = $8,000 due to the rent income. Tax rate for 2012 and the foreseeable future is 40%. a. Calculate taxable income b. Make the necessary tax entry. (include the amounts for tax expense and deferred taxes.

Also during 2012 Nova made the following common stock transactions (class B stock). For each of the following give the entry(s) that Nova would have made. The common stock has a par value of $10.

a. On January 5th, Nova issued a property dividend. Investments (stock in the ABC company) comprising of 1000 shares was issued. The stock has a fair market value of $25 per share. The stock cost Nova $20 per share. They issued the ABC stock one month later.

b. On February 14, Nova declared a 10% stock dividend (assume 92,623 shares of $10 par outstanding stock). On that date market value of the stock was $14. One month later they issued the common stock dividend.

c. On August 12th, Nova declared a cash dividend of $.50 per share of common stock. On August 12th there were 92,623 shares of $10 par value stock issued and outstanding.

d. On October 14th, Nova issued a 2 for 1 stock split.

e. On May 15th, Nova issued 5,000 shares of cumulative 8% preferred stock with a par value of $100 for $112 per share.

f. Assume the following: At the end of the year there were 92,623 shares of common stock outstanding and 5,000 shares of non-cumulative/non-participating 8% preferred stock outstanding. Nova wants to issue cash dividends totaling $77,050. Calculate how much goes to preferred stock holders and common stock holders.

Refer to PEN-1, consider the following information as of the beginning of 2012. The projected benefit obligation or PBO was $135,000, the accumulated gain (loss) in other comprehensive income (OCI) was $20,000 and the average remaining service period of active employees 20 years.

PEN-1 info: Expected return on plan assets is %15, the FMV of plan assets, on January 1, 2012 is $100,000, the FMV on December 3, 2012 is $130,000, contribution to pension plan was $14,000and benefits paid to retired employees was $8,000.

Requirements:

a. Determine the difference between the actual and expected return on plan assets for 2012.

b. Determine the amortization of the net gain or loss accumulated in OCI.

c. Determine the gain or loss recognized as a component of pension cost in 2012.

d. Determine the accumulated gain or loss that would be carried forward in OCI in 2013

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $11.99 ONLY

1. (16 Points) Pet Energy Therapy Association (PETA) treats peoples’ pets, and has the following cost structure: Charge per therapy session $300 Variable cost per therapy session $50 Fixed costs $200,000 They expect to perform 1,000 two hour session each year (4/day, 5 days/week, 50 weeks/year).

A. Construct PETA’s profit and loss statement. Revenue ($300 X 1,000) $300,000 Variable Costs ($50 X 1,000) 50,000 Contribution Margin $250,000 Fixed Costs 200,000 Profit (Loss) $50,000

B. How many sessions must PETA’s perform to breakeven? ______ Sessions.

C. To earn a profit of $100,000, how many sessions must they provide this year?

D. If there is one fulltime employee, who spends two hours on each session (and 1 hour for lunch), what would we need to assume about the additional sessions needed to earn $100,000?

2. (30 Points) St. Payne Med Center is using the step-down method to allocate costs. They have two support departments (Record Keeping and Cleaning), and two patient service departments (Eye Care and Dental Care). Some of the Record Keeping costs are allocated to Cleaning before the support department costs are allocated to patient service departments. Record Keeping costs are allocated based on the number of employees, while Cleaning costs are allocated by the number or rooms. The following data has been collected: Support Documents Patient Revenue Departments Record Keeping Cleaning Eye Care Dental Care Department Costs $130,000 $100,000 $320,000 $600,000 Number of Employees 2 4 3 6 Number of Rooms 1 1 2 3

a. What amount of the Record Keeping is allocated to Cleaning $____________

b. What amount of the Record Keeping is allocated to Eye Care? $____________

c. What amount of the Record Keeping is allocated to Dental Care $____________

d. What amount of the Cleaning is allocated to Eye Care $____________

e. What amount of the Cleaning is allocated to Dental Care? $____________

f. After Allocation, What are Eye Care’s total costs? $____________

g. After Allocation, What are Dental Care’s total costs? $______________

3. (16 Points) Dental Diversity provides three basic service appointments; Cleaning, Check-up, and Full service. Total annual costs average $994,000. An RVU analysis indicates the following: Annual Average Appointments RVUs/appointment Cleaning 4,000 8 Check-Up 5,000 12 Full Service 2,500 20

A. Using RVU methodology, what is the cost for each type of appointment?

B. If the goal is a 20% profit margin, what should be the price for each type of appointment?

4. (20 Points) Here are the 2014 revenues for Nu-Kim Radiology for four different budgets: Static Budget Flexible Flexible Enrollment&Utilization Budget Flexible Enrollment Budget $50,000 $48,000 $42,000 Actual Results 47,000 Calculate the following:

a. Revenue Variance = $___________

b. Volume Variance = $_____________

c. Price Variance = $_____________

d. Enrollment Variance = $__________

e. Utilization Variance = $_____________

f. Give one sentence on what you would advise management about each variance:

1) Revenue Variance –

2) Volume Variance –

3) Price –

4) Enrollment Variance –

5) Utilization Variance

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $14 ONLY

you have been hired as the chief operating officer of a multi-hospital health care system. The CEO approaches you in your new role and asks you to do an analysis of factors affecting the total costs of hospitals in your region.

In this unit, we will begin our analysis of the data set. Analysis of the dataset is the first step in any statistical analysis. In this first step, you must examine the data for abnormalities such as missing data and outliers. If you are conducting a parametric test such as ANOVA, t-test, or regression, the variables in the analysis should all be evenly distributed (that is, the variables when displaced graphically should be as close to a normal bell curve as possible).

For the week 8 assignment, you will do a univariate analysis on all the variables in the given Excel file. This analysis will include, for each variable, the following:

1.An assessment of mean, mode, median, standard deviation.

2.Any missing data and an application of a decision rule to that missing data. Discuss your decision and explain your change, if any.

3.A frequency graph (histogram or bar graph) for each variable. Is the data skewed, kurtotic, or normally distributed for each variable? Explain how each variable will contribute to the regression equation if it is heavily skewed or kurtotic.

It might be helpful to make a table where each variable's individual properties can be addressed. Each variable must be painstakingly discussed and addressed

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $11 ONLY

1) After wearing seat belts became mandatory, drivers reacted by driving faster and less carefully. This is consistent with what Principle of Economics? trade can make everyone better off

the cost of something is what you give up to get it

governments can sometimes improve market outcomes

people respond to incentives

2) The term 'quantity supplied' means

the same things as 'supply'.

the amount of a good that customers need.

the amount of a good that consumers ultimately desire.

the amount of a good sellers are willing to sell at a given price.

3) Economists believe that self-sufficiency (no trade)

is needed, in order to guarantee national security.

ensures an equitable distribution of resources.

prevents exploitation of the working class, by limiting the power of capitalists.

results in lower levels of output and consumption than would prevail under free trade.

4) Opportunity cost is

any lost opportunity.

the value of the next-best opportunity that one foregoes when making a choice.

used to exploit weaker parties to a transaction by stronger parties.

the aggregate value of all foregone opportunities.

Economists argue that rent controls carry long-run unintended consequences such as

a fairer price for people who can't afford market-determined rents.

improved quality of apartment units.

fewer apartment units as landlords seek substitute uses of their property.

a higher cost to landlords who discriminate through non-price criteria.

Other things constant, a lower price for corn tends to decrease

the supply of corn. the quantity supplied of corn. the demand for corn. the quantity demanded for corn.

7. Economists study

the choices individuals make, but not the consequences of their choices. the costs of production of goods and services, in order to set fair prices. the choices that individuals make under conditions of scarcity and uncertainty. theories and ignore all the facts.

8. If a consumer pays $12 for a product but he/she is willing to pay up to $20, what is his/her consumer surplus? $20 $32 $0 $8

9. Price gouging is a natural response to a sudden increase in demand. irrational behavior that violates economic logic. not subject to economic analysis, because it is illegal. a precisely defined concept that leaves no room for dispute or disagreement.

10. The Production Possibilities Frontier Illustrates this Principle of Economics People Face Trade-Offs The Cost of Something is What You Give Up to Get It Both 1 and 2 above are right Neither 1 nor 2 above are right

11. A tariff is a tax imposed on exports limitation on the amount of imports allowed into a country. tax imposed on imports limitation on the amount of exports sent out of a country

12. A legal floor set above the market-clearing price for a good would tend to protect suppliers from unfair competition and predatory pricing. lead to a surplus of that good. lead to a shortage of that good. all of the above

13. Price elasticity of demand refers to How the quantity supplied reacts to changes in the price of a product How the quantity demanded reacts to changes in consumers' income How the quantity demanded reacts to changes in the price of a product How the quantity supplied reacts to increases in the cost of production

14. All other things being equal, a decrease in supply results in a(n) increase in equilibrium price and a decrease in equilibrium quantity increase in equilibrium quantity and a decrease in equilibrium price decrease in equilibrium quantity and a decrease in equilibrium price decrease in demand

15. In one hour, a person can fix 4 flat tires or type 200 words. The opportunity cost of fixing ONE flat tire is 200 words 4 flat tires 1 word 50 words

16. All other things being equal, an increase in demand results in a(n) increase in equilibrium price and a decrease in equilibrium quantity increase in equilibrium quantity and a decrease in equilibrium price decrease in equilibrium quantity and a decrease in equilibrium price increase in equilibrium price and an increase in equilibrium quantity

17. In a free market, a shortage of a product always leads to Increases in the price Decreases in the price No change in the price Any of the above

18. A price imposed by the government below an equilibrium price is called a price ceiling price floor price carpet price surplus

19. When doing research, Economists: (Points : 5) follow the scientific method: observation, theory, and more observation cannot use experiments, as they are often done in areas like Physics and Chemistry have to use whatever data the world happens to give them all of the above.

20. Economic models_____. (Points : 5) must completely describe every aspect of the economy in order to be useful are simplified abstract representations of reality avoid the use of assumptions wherever possible are ideals that economics agents aspire to achieve

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $7.50 ONLY

1. What are present value and future value interest factors? (as in PVIF and FVIF)

2. (calculating future value) You buy a 6 year, 8% CD for $1,000. Interest is compounded annually. How much is it worth at maturity?

3. (calculating present value) What's the present value of $1,000 to be received in 8 years? (Your required rate of return is 7% a year.)

4. (calculating the rate of return) A friend promises to pay you $600 two years from now if you loan him $500 today. What interest rate is your friend offering you?

5. (calculating the future value of an annuity) If you invest $100 a year for 20 years at 7% annual interest, how much will you have at the end of the 20th year?

6. (calculating the present value of an annuity) How much would you be willing to pay today for an investment that pays $800 a year at the end of the next 6 years? (Your required rate of return is 5% a year.)

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $8.50 ONLY

1. ________ is an IPv6 transition technology that allows end-to-end communication using ipv6 addresses.

2. What record must be added to a DNS zone file to alias a host to another name?

3. Complete this sentence with an appropriate phrase or follow-on sentence.

4. Name three (3) scenarios for implementing SNMP in a company’s network infrastructure.

5. Define the term "DMZ" as it pertains to network security, and name two (2) different, yet common network devices that are typically found there. Describe the benefit of a perimeter network.

6. Identify the true statement(s).

a. Stateless packet filtering considers the TCP connection state.

b. Stateful packet filtering considers the TCP connection state.

c. Neither stateless nor stateful packet filtering monitor the TCP connection state.

d. Both stateless and stateful packet filtering monitor the TCP connection state, and keep a state table containing that information.

7. Based on the following configuration, which of the following would appear as source addresses for packets forwarded by the router, out interface Serial 0?

interface serial 0

ip nat outside

ip address 200.100.50.25 255.255.255.0

interface Ethernet 0

ip nat inside

ip address 192.168.100.1 255.255.255.0

ip nat pool NAT_POOL 201.0.0.17 201.0.0.30 netmask 255.255.255.240

ip nat inside source list 1 pool NAT_POOL

access-list 1 permit 192.168.100.0 0.0.0.255

ip route 0.0.0.0 0.0.0.255

a. 192.168.100.5

b. 200.100.50.25

c. 201.0.0.29

d. 201.0.0.15

e. 192.168.100.65

Now, explain how you determined the answer?

8. You work as a network support specialist for touro.edu. You are planning to deploy a new server in a branch office to improve name resolution times. a. There are no administrators at the branch office. You want to deploy a DNS server that will not require any administration but will help resolve the queries of computers on the Internet.

What kind of DNS server should you deploy and why?

You also want the new DNS server to be able to resolve names on the internal touro.edu network at the main office. How can you achieve this without hosting a zone called touro.edu on the branch office network?

9. True or False?

SOCKS can support any client platform, including Windows, Linux, and Macintosh.

10. Describe two (2) scenarios where your corporate firewall will be used as a VPN server (i.e. what type of VPN connections are possible, using a corporate firewall).

11. Which of the following is the first step you should take when considering securing your network?

a. Install a firewall

b. Install an intrusion prevention system

c. Update servers and user PCs with the latest patches

d. Develop a security policy

12. Name two (2) ways that SNMP traffic can be secured.

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $9.50 ONLY

A 4 way TV antenna amplifier spec is given in the table

Determine the voltage required on the input of the amplifier to give the maximum output of 85 dBμV.

If the signal level from the aerial is 5 dBmV and the input noise level is 20 dBV, calculate the signal-to-noise ratio on the output of the amplifier.

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $11.99 ONLY

7.5 Borges Machine Shop, Inc., has a 1-year contract for the production of 200,000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three

alternatives. They are general-purpose equipment (GPE), flexible manufacturing system (FMS), and expensive, but efficient, dedicated machine (DM). The cost data follow: Which process is best for this contract? 7.7 Using the data in Problem 7.5, determine the

best process for each of the following volumes: (1) 75,000, (2) 275,000, and (3) 375,000. 7.11 Tim Urban, owner/manager of Urban’s Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy’s Maid Service. Tim rents an

average of 50 rooms for each of 365 nights (365 x 50 equals the total rooms rented for the year). Tim’s cost to clean a room is $12.50. The Duffy’s Maid Service quote is $18.50 per room plus a fixed cost of $25,000 for sundry items such as uniforms with the

motel’s name. Tim’s annual fixed cost for space, equipment, and supplies is $61,000. Which is the preferred process for Tim, and why? S7.3 If a plant has an effective capacity of 6,500 and an efficiency of 88%, what is the actual (planned) output? S7.5 Material

delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what is the effective capacity?

S7.7 SoutheasternOklahomaStateUniversity’s business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. However, in an effort to limit class sizes to a “reasonable” level (under 200, generally), Southeastern’s dean, Holly Lutze, placed a ceiling on enrollment of 1,500 new students. Although there was ample demand for business

courses last semester, conflicting schedules allowed only 1,450 new students to take business courses. What are the utilization and efficiency of this system?

S7.11 The three-station work cell illustrated in Figure S7.7 has a product that must go through one of the two machines at station 1 (they are parallel) before proceeding to station 2. a) What is the bottleneck time of the system? b) What is the bottleneck station of this work cell? c) What is the throughput time? d) If the firm operates 10 hours per day,

5 days per week, what is the weekly capacity of this work cell?

S7.15 A production process at Kenneth Day Manufacturing is shown in Figure S7.9. The drilling operation occurs separately from, and simultaneously with, the sawing and sanding operations. A product needs to go through only one of the three assembly operations (the operations are in parallel). a) Which operation is the bottleneck? b) What is the bottleneck time? c) What is the throughput time of the overall system? d) If the firm operates 8 hours per

day, 20 days per month, what is the monthly capacity of the manufacturing process?

S7.28 James Lawson’s Bed and Breakfast, in a small historic Mississippi town, must decide how to subdivide (remodel) the large old home that will become its inn. There are three

alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option: Which option has the highest expected monetary value

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $8.50 ONLY

1. Find the inverse of the function of

7. The bacteria Escherichia coli are commonly found in the human bladder. Suppose that 3000 of the bacteria are present at time t=0. Then under certain conditions, t minutes later, the number of bacteria present is

How many bacteria will be present after

a) 10 minutes?

b) 20 minutes?

c) 30minutes?

d) 40 minutes?

e) 1 hour?

8. Given

, find

9. Which is the graph of the function,

10. Refer to the graph below. Indicate the answer with either yes or no, and give reason to verify your answer.

a) Is the graph that of a function?

b) Is the graph that of a one-to-one function?

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $ ONLY

1.Monthly compounding) If you bought a $1,000 face value CD that matured in nine months, and wehich was advertised as payiang 9% annual interest, compounded monthly, how much would you receive when you cashed in your CD at maturity?

2.Snnualizing a monthly rate) Your credit card statement says that youwill be charged 1.05% interest a month on unpaid balances. What is the Effective Annual Rate (EAR) being charged?

3.(FV of annuity due) To finance your newborn daughters education you deposit $1,200 a year at the beginning of each of the next 18 years in an account at the end of the 18th year?

4.( Rate of return of an annuity0 Paul's Perfect Peugeeot says they'll sell you a brand new Italian "Iron Man" motor scooter for $ 1,699. Financing is available, and the terms are 10% down and payments of $ 46.57 a month for 40 months. What annual interest rate is Paul charging you?

5.(RARE OF RETURN OF AN ANNUITY) You wouod like to have $1,000,000 40 years from now, but the most you can afford to invest each year is $1,200. What annual interest rate is Paul charging you?

6.( Monthly loan payament) Best6. (Monthly loan payment) Best Buy has a flat-screen HDTV on sale for $1,995. If you could borrow that amount from Carl's Credit Union at 12% for 1 year, what would be your monthly loan payments?

7. (Solving for an annuity payment) You would like to have $1,000,000 accumulated by the time you turn 65, which will be 40 years from now. How much would you have to put away each year to reach your goal, assuming you're starting from zero now and you earn 10% annual interest on your investment?

8. (PV of a perpetuity) If your required rate of return was 12% a year, how much would you pay today for $100 a month forever? (that is, the stream of $100 monthly payments goes on forever, continuing to be paid to your heirs after your death)

9. (PV of an uneven cash flow stream) what is the PV of the following project?

(Assume r = 10%)

10. (FV of an uneven cash flow stream) what is the FV at the end of year 4 of the following project?

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $24 ONLY

1. Within the secondary mortgage market is something called, mortgage-securities, also known as securitized mortgages. What is meant by those terms, and what are some examples?

2. What are the factors that affect exchange rates in the long run? What happens to the exchange rate (for the domestic currency) when the factors are either increased or decreased?

3. What are the factors that change the exchange rate?

4. If we are comparing the U.S. dollar to the euro, and the euro increased in value from $1.35 to $1.45, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.) If we are comparing the U.S. dollar to the yen, and the yen decreased in value from $.99 cents to $.90 cents, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.)

5. What are the three-stages found within a financial crisis for the United States?

6. What were the effects of the 2007-2009 Financial Crisis?

7. What are the issues that are involved with the idea of moral hazard?

8. What are the various conflicts of interest found within the financial system?

9. How has the banking system evolved into a “dual banking system”, and what does this mean?

10. What are some of the ways that moral hazard and adverse selection are limited for insurance products?

11. What are the protections and regulations created for pension plans?

12. What is the role of an investment bank, along with the products and services offered?

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $11 ONLY

1. The U.S. workforce is changing to include all EXCEPT: (Points: 5)
more women.
more white males.
more people of color.
more immigrants.

2. The invisible bar that separates women and minorities from top leadership jobs is called: (Points: 5)
ethnocentrism.
biculturalism.
the glass ceiling.
uncertainty avoidance.

3. In Stage 1 of personal diversity awareness: (Points: 5)
diversity is inherent in the culture, and the organization is gender- and color-blind.
legal requirements are met, but diversity is viewed as a problem.
top-level leaders are committed to diversity.
diversity is viewed as a competitive weapon.

4. The diversity wheel shows: (Points: 5)
combinations of traits that make up diversity.
a diverse organizational community.
Both A and D
differences that have an impact throughout one’s life.

5. Diversity refers to differences among people in terms of all of the following EXCEPT: (Points: 5)
age.
technological skills.
ethnicity.
physical ability.

6. Diversity does all EXCEPT: (Points: 5)
help the organization build better relationships with customers.
develop employee and organizational potential.
perpetuate the glass ceiling.
provide greater organizational flexibility.

7. In some cases, people fail to advance to higher levels in organizations because they don’t have the necessary education and skills. This is termed the: (Points: 5)
opportunity gap.
leadership grid.
substitutes for leadership.
ethnocentrism.

8. High power distance means: (Points: 5)
that people accept inequality in power in institutions, organizations, and individuals.
that members of a society feel uncomfortable with uncertainty and ambiguity.
value for a loosely knit social framework in which individuals take care of themselves.
values of relationships, cooperation, and group decision making.

9. Interactive leaders tend to be: (Points: 5)
competitive.
individualistic.
consensus builders.
reluctant to share power.

10. In an organization, an ethical action must meet the following criteria: (Points: 5)
The action respects the rights of individuals and groups.
The action increases shareholder wealth.
The action serves the interest of the CEO.
The action promotes the self-interest of the employees.

11. The responses to the use of power include all EXCEPT: (Points: 5)
compliance.
resistance.
structuralism.
commitment.

12. Political tactics for asserting influence include all EXCEPT: (Points: 5)
expanding networks.
using assertiveness.
seeking arbitration.
using rational persuasion.

13. A charismatic leader does NOT: (Points: 5)
create an atmosphere of change.
maintain the status quo.
offer an idealized vision.
incur great personal risk.

14. The Black Hat of Charisma refers to: (Points: 5)
charisma that is used for self-serving purposes.
socialized behavior.
leadership that maintains the status quo.
referent power.

15. Transactional leadership includes all EXCEPT: (Points: 5)
an exchange process between leaders and followers.
a focus on the present.
the ability to lead changes in an organization’s vision.
traditional management functions such as planning and budgeting.

16. Transformational leadership does NOT: (Points: 5)
inspire followers to go beyond their own self-interests.
focus on the impersonal aspects of job performance.
paint a picture of a desired future state.
develop leaders into followers.

17. If Paul, a salesman, does not perform as well as expected, his supervisor can put a negative letter in his file. This is an example of: (Points: 5)
referent power.
expert power.
coercive power.
legitimate power.

18. When workers admire a supervisor because of her personal characteristics, the influence is based on: (Points: 5)
legitimate power.
reward power.
expert power.
referent power.

19. Personalized leaders are all of the following EXCEPT: (Points: 5)
non-egalitarian.
exploitative.
self-aggrandizing.
empowering.

20. Example: Wal-Mart stops selling point-of-sales research to market researchers, who need purchase information. Wal-Mart uses its position to demand more money. This is the principle of: (Points: 5)
importance.
scarcity.
legitimate power.
vertical power.

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $18 ONLY

Question 1:You have observed the following returns on ABC's stocks over the last five years:3.6%, 8.1%, -9.2%, 10.7%, -3.6% What is the geometric average returns on the stock over this five-year period.

Question 2: You have observed the following returns on ABC's stocks over the last five years:4.1%, 9%, -7%, 11%, -6.7% What is the arithmetic average returns on the stock over this five-year period.

Question 3 You have observed the following returns on ABC's stocks over the last five years: 4.2%, 8.4%, 9.3%, 10.5%, 6.7% What is the arithmetic average returns on the stock over this five-year period.

Question 4 You have observed the following returns on ABC's stocks over the last five years: 2.5%, 8.5%, 11.1%, 10.7%, 8.3%What is the geometric average returns on the stock over this five-year period.

Question 5 Suppose the returns for Stock A for last six years was 4%, 7%, 8%, -2%, 9%, and 7%. Compute the standard deviation of the returns.

Question 6 ABC's Inc.'s bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)?

Question 7 Stealers Wheel Software has 5.25% coupon bonds on the market with nine years to maturity. The bonds make semi-annual payments and currently sell for 109.17% of par. What is the current yield?

Question 8 A firm's bonds have maturity of 10 years with a $1000 face value, an 8% semi-annual coupon, are callable in 5 years, at $1,050, and currently sells at a price of $1,100. What is the yield to call (YTC)?

Question 9 ABC Corp. issued 15-year bonds 2 years ago at a coupon rate of 10.6%. The bonds make semi-annual payments. If these bonds currently sell for 97% of par value, what is the YTM?

Question 10 The rate required in the market on a bond is called the: yield to maturity, liquidity premium, risk premium, current yield, call yield

Question 11 ABC Inc., has $1,000 face value bonds outstanding. These bonds mature in 3 years, and have a 6.5 percent coupon. The current price is quoted at 98.59 percent of par value. Assume semi-annual payments. What is the yield to maturity?

Question 12 A bond which sells for less than the face value is called a: premium bond, debenture, discount bond, perpetuity, par value bond.

Question 13 The 8 percent coupon bonds of the Peterson Co. are selling for 98 percent of par value. The bonds mature in 5 years and pay interest semi-annually. These bonds have a yield to maturity of __percent.

Question 14 ABC wants to issue 8-year, zero coupon bonds that yield 7.61 percent. What price should they charge for these bonds if they have a par value of $1,000? That is, solve for PV. Assume annual compounding. Hint: zero coupon bonds means PMT = 0

Question 15 ABC has issued a bond with the following characteristics: Par: $1,000; Time to maturity: 9 years; Coupon rate: 5%; Assume semi-annual coupon payments. Calculate the price of this bond if the YTM is 7.15%

Question 16 The principal amount of a bond that is repaid at the end of term is called the par value or the: back-end amount, coupon, coupon rate, discount amount, face value

Question 17 A discount bond has a yield to maturity that: exceeds the coupon rate. equals zero is equal to the current yield, is less than the coupon rate, equals the bond's coupon rate

Question 18 Assume that you wish to purchase a 15-year bond that has a maturity value of $1,000 and a coupon interest rate of 7%, paid semiannually. If you require a 10.59% rate of return on this investment (YTM), what is the maximum price that you should be willing to pay for this bond? That is, solve for PV.

Question 19 BCD’s $1,000 par value bonds currently sell for $798.40. The coupon rate is 10%, paid semi-annually. If the bonds have 5 years to maturity, what is the yield to maturity?

Question 20 The 13.99 percent coupon bonds of the Peterson Co. are selling for $838.4. The bonds mature in 5 years and pay interest semi-annually. These bonds have current yield of _____ percent.

Question 21 A premium bond is a bond that: has a face value in excess of $1,000. has a par value which exceeds the face value, is selling for less than par value, is callable within 12 months or less, has a market price which exceeds the face value

Question 22 You paid $1,041 for a corporate bond that has a 7.59% coupon rate. What is the current yield? Hint: if nothing is mentioned, then assume par value = $1,000

Question 23 The 9.98 percent, $1,000 face value bonds of Tim McKnight, Inc., are currently selling at $1,053.3. What is the current yield?

Question 24 ABC's bonds have a 9.5 percent coupon and pay interest semi-annually. Currently, the bonds are quoted at 106.315 percent of par value. The bonds mature in 8 years. What is the yield to maturity?

Question 25 ABC has issued a bond with the following characteristics: Par: $1,000; Time to maturity: 13 years; Coupon rate: 11%; Assume semi-annual coupon payments. Calc. price of bond ytm 9.29%

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $18 ONLY

List the Pros and Cons in the table below for each of the two different investment strategies taken by the Thomas and Jefferson families. It is beneficial to point out the advantages of refinance opportunities that offer lower APRs, rather than merely paying extra amounts on an original mortgage over the term of the loan.

Procedure:

In our brief case study, we assume the Thomas and Jefferson families have identical mortgages (30-year term, fixed-rate 6% APR, and a loan amount of $175,000). The Thomas family will not pay extra but the Jefferson will. Follow the steps below prior to your analysis.

1. Using the Payment mini calculator of the Financial Toolboxes spreadsheet, calculate the mortgage payment (the same for both families).

2. Assume that the Thomas will make only the required mortgage payment. The Jeffersons, however, would like to pay off their loan early. They decide to make the equivalent of an extra payment each year by adding an extra 1/12 of the payment to the required amount. Complete the following calculations to find what they plan to pay each month:

(a) 1/12 of the required monthly payment

(b) By adding this 1/12 to the required payments, the Jefferson’s plan to pay:

3. The Thomas will take the full 30 years to pay off their loan, since they are making only the required payments. The Jefferson’s extra payment amount, on the other hand, will allow them to pay off their loan more rapidly. Use the Years mini financial calculator of the Financial Toolbox spreadsheet to calculate the approximate number of years (nearest 10^th) it would take the Jefferson’s to pay off their loan.

For the Thomas Family: Assume that they could afford to make the same extra payments as the Jeffersons, but instead they decide to put that money (#2a. from Procedures above) into a savings plan called an annuity. Use the Future Value mini financial calculator of the Financial Toolbox spreadsheet to calculate how much they will have in their savings plan at the end of 30 years at the various interest rates. Write your answers (to the nearest dollar) in the appropriate cells of the table below.

For the Jefferson Family : Assume that they save nothing until their loan is paid off, but then after their debt is paid, they start putting their monthly payment and 1/12 (#2b. from Procedures above) into a saving plan. The time in months they invest is equal to 360 months minus the number of months needed to pay off the loan (#3 from Procedures above) multiplied by 12. Use the Future Value mini financial calculator to calculate how much they will have in their savings plan at the various interest rates. Write your answers (to the nearest dollar) in the appropriate cells of the table below.

1. What generalizations can you make from the annuity amounts reflected in the analysis table above with regards to the different strategies taken by the families? That is, from a purely financial aspect of the calculations in your table what generalizations could you make regarding the two different strategies?

2. What assumptions may not necessarily be valid for a typical family regarding both the loan rate and savings plan rate?

3. Discuss some basic pros and cons to these two very different approaches the Thomas and Jefferson families made with their extra monthly payment. Consider various ideas such as possible changes in the family’s employment situation, market performance, tax deductions, etc.

4. Comment on the merits of the advice you read from the two financial columnists.

5. Note the dates of the advice columns. How might market performance figure in to their advice they gave at that time?

6. Why do you think Sharon Epperson’s advice at the end specifically calls attention to an assumption of whether you are “debt-free and maxing out your 401(k) and IRAs?”

7. If you were to pay extra principal on a mortgage, when is the best time to do it (early or later in the loan process) and why?

8. When you pay extra principal on a loan, describe whether you feel you are actually earning interest on that money or not. That is, how does the old adage “a penny saved is a penny earned” apply in this context?

9. Rework your calculations using a different starting interest rate for the mortgage and/or a different extra payment amount. Do these changes affect any of the generalizations you have made above? Explain.

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $8 ONLY

1. What are the benefits and drawbacks of a sole proprietorship?

2. What is the purpose of the cash flow statement and what information does it provide entrepreneurs and investors

A+ Answers

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $18 ONLY

1) Discuss the types of Java exceptions that can be thrown and the best ways to handle them.

2) Discuss the relationship between some of the common I/O related classes in the Java API, and how these classes can be used together to process files.

Calculations Shown

CLICK HERE TO DOWNLOAD THIS ANSWER INSTANTLY $18 ONLY

Part C

1. Calculate the due date and interest for the following notes:

a. $40,000, 90 day note, issued May 7, at 6%

b. $17,500, 180 day note issued October 3, at 5.5%

2. Hardy Co. uses the allowance method to record uncollectible debts and estimates bad debt at 12% of year end Accounts Receivable. The ending balances in Accounts Receivable and Allowance for Doubtful Accounts are $90,000 dr and $1,200 cr respectively.

b. Assume the ending balances are $30,000 dr and 500 dr and the estimate is 5% of the ending Accounts Receivable balance. What is the amount that would be used in the same entry?

Clark Company is a wholesaler of sailboats. The following transactions took place during the month of June 2015

June 1. Sold merchandise costing $6,700 to Andrew Smith on account (2/15; n30). Cost of merchandise was $5,000. Shipping charges $900, FOB shipping point, prepaid and added to invoice.

June 4. Accepted a $500 return from Smith.

June 11 Received payment from Smith.

June 6 Purchased $100,000 of merchandise from Donald Inc. (1/10, n30). Shipping charges, $2,000, FOB shipping point, prepaid and added to the invoice.

June 12 Returned $3,500 of merchandise to Donald.

June 15 Paid Donald.

Required:

1. Name the account that will be debited on June1.______________

2. What is the total amount that will be debited to that account on June 1?________________________

3. Name the account that will be used to record the June 1 shipping charges.______________________

4. Name the account that will be credited on June 4.___________

5. What is the amount of the payment Clark will receive from Smith on June 11?___________________

6. Name the account that will be credited on June 6. ____________

7. What is the amount that will be credited to that account?____________

8. Name the account that will be used to record the June 6 shipping charges. ________

9. What is the amount that will be paid on June 15.___________

10. Name the account that will record the discount on June 15.____________

Part E

1. Journalize the entries to record the following:

1-Sep Established a petty cash fund of $350

30-Sep The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage $108.

Oct. 1 Decreased the petty cash fund to $250.

a. Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was:

deducted from the balance per company's records

deducted from the balance per bank statement

added to the balance per bank statement

added to the balance per company's records

b. A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. This item would be included on the bank reconciliation as a(n)

addition to the balance per the company's records

addition to the balance per the bank statement

deduction from the balance per the bank statement

deduction from the balance per the company's records

c. A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. This item would be included in the bank reconciliation as a(n)

deduction from the balance per the company's records

addition to the balance per the bank statement

deduction from the balance per the bank statement

addition to the balance per the company's records

d. Meredith Company gathered the following reconciling information in preparing its May bank reconciliation

Cash balance per books, 5/31 $4,500

Deposits in transit 375

Notes receivable and interest collected by bank 650

Bank charge for check printing 40

Outstanding checks 2,400

NSF check 140

Pages