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35BusinessP19-1 P19-5 P20-1 P20-7 P20-8 P20-12   P19-1 On October 15, 2012, the board of directors of Ensor Materials Corporation approved a stock option31-12-2015
12BusinessE5-11 Kelly Corporation at December 31, 2014.   E5-11 (Balance Sheet Presentation) Presented below is the adjusted trial balance of Kelly Corpo02-12-2015
4Business The May transactions of StepAside Corporation were as follows. E3-9 The May transactions of StepAside Corporation were as follows.  30-10-2013
2BusinessAfter a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are curre04-05-2010
0BusinessManufacturing costs: ABC company manufactures airbrake systems for long haul trucks. the prime cost to produce one system is $800, the conversion cost27-10-2013
30Business ACC 290 chapter 3 Appendix A E3-4 E3-9 P3-5A P3-6A   E3-4 A tabular analysis of the transactions made during August 2012 by Nigel Com28-10-2013
10Businessweighted average cost of capital A firm’s current balance sheet is as follows: Assets $100     Debt $10   &04-05-2010
3Business12-a Assume that Intel Corporation's $1,000 face value 9% coupon rate bond matures in 10 years and sells for $1,100. If you purchase the bond for $1,106-05-2010
10BusinessPART 1) Try evaluating the following projects with all of the basic capital budgeting tools, in other words, which project would you pick as the best:06-05-2010
1BusinessAn investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the06-05-2010
10BusinessDeliverable Length: Income Statement, Balance Sheet, and paragraph Points Possible: 150 Due Date: 5/16/2010 11:59:59 PM Group Project Doug Maltbee for06-05-2010
10BusinessDoug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of 06-05-2010
2Business1. From the following income statement for 1999, calculate the degree of operating leverage. (3 marks) Income Statement For year ended 12/31/99 Sale06-05-2010
5BusinessNovelty Gifts, Inc. is experiencing some inventory control problems.  The manager, Wanda LaRue, currently orders 5,000 units four times each year06-05-2010
6Business Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows: a. On Decembe07-05-2010
6BusinessNewbirth Coatings Co. purchased waterproofing equipment on Jan 2, 2009, for $380,000. The equipment was expected to have a useful life of 4 years, or 07-05-2010
1Businessa zero coupon bond outstanding that sells for $242.60 and has 15 years to maturity. What is the yield to maturity on the bond to the nearest tenth of 07-05-2010
3BusinessBonds having a face value of $5,000,000 are being offered for sale by Markham, Inc. The market rate of interest for bonds of this type is 10%, but the07-05-2010
4BusinessCVP and Financial Statements for a Mega-Brand Company Procter & Gamble Company is a Cincinnati-based company that produces household products un07-05-2010
2BusinessBonds have 10 years remaining to maturity. Interest s paid annually; they have a $1,000 par value; the coupon interest rate is 8% and yield to maturit07-05-2010
10BusinessBonds have 10 years remaining to maturity. Interest s paid annually; they have a $1,000 par value; the coupon interest rate is 8% and yield to maturit07-05-2010
12BusinessCVP in a Modern Manufacturing Environment. A division of Hewlett-Packard Company changed its production operations from one where a large labor force 08-05-2010
1Business(Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is non-growing. What is the required11-05-2010
6Business4. On the basis of the following data for Grant co. for 2010 and the preceding year ended December 31,2009, prepare a statement of cash flows. Use the11-05-2010
5BusinessRegarding risk levels, financial managers should A. evaluate investor's desire for risk B. avoid higher risk projects because they destroy value 11-05-2010
3BusinessA firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,000 in operating profits? 11-05-2010
2BusinessMayberry Co. has an EBIT of $60,000 and interest charges of $20,000. Their degree of operating leverage is 1.75. What is the degree of combined levera11-05-2010
2BusinessBHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities are 30% 11-05-2010
1BusinessSwinnerton Clothing Company's balance sheet showed total current assets of $2,250, all of which were required in operations. Its current liabilities c11-05-2010
15Business2-61 CVP in a Modern Manufacturing Environment A division of Hewlett-Packard Company changed its production operations from one where a large labor fo11-05-2010
12Business12-B2  Antonio Cleaning  Allocation of Service Department Costs Antonio Cleaning provides cleaning services for a variety of clients. The c11-05-2010
19Business ACC290 WEEK 3 BE4-1 P4-2A P4-3A   Exercise BE4-1. Problems 4-2A Problem 4-3A.   BE4-1 Transactions that affect earni10-07-2013
8BusinessP12-16. Hudson Furniture specializes in office furniture for self-employed individuals who work at home. Hudson’s furniture emphasizes style r10-04-2016
5Business5-12 Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings   5-12 Non constant growth stock valuation23-01-2011
6BusinessCASH FLOW ACC 230 WK 5 4.5   ACC 230 WK 5 4.5   The following comparative balance sheets and income statement are available for Little B05-10-2010
1Business2. Reduction in Website Visitors This is another reason why website owners have been holding out on providing full content feeds. At first glance, i11-05-2010
5Business3. CVP and Break-Even Goal: Create an Excel spreadsheet to perform CVP analysis and show the relationship between price, costs, and break-even point13-05-2010
5BusinessA firm’s current balance sheet is as follows: Assets $100 Debt $10 Equity $90 a. What is the firm’s weighted-average cost of capital at various 13-05-2010
5BusinessShelby Shoes manufactures high-quality leather shoes for premier retail stores that sell for $100 per pair. Estimated sales for the first five months 14-05-2010
2BusinessYou own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you think a fair return on the well is14-05-2010
3BusinessDuring the latest year, a company had sales of $300,000 and a net income of $20,000, and its year end assets were $200,000. The firm's total debt to t14-05-2010
1BusinessSuppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal instalments at the end of each of the next 4 years. How large would your pay14-05-2010
2BusinessYou own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you think a fair return on the well is14-05-2010
5BusinessDuring the latest year, a company had sales of $300,000 and a net income of $20,000, and its year end assets were $200,000. The firm's total debt to t14-05-2010
2BusinessLeggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds ha14-05-2010
1BusinessYou were hired as a consultant to Locke Company, and you were provided with the following data: Target capital structure: 40% debt, 10% preferred, and14-05-2010
5Business1. ABC Inc. is considering the purchase of a new machine with an initial outlay of $4,500 & expected cash flows in year 1-4 of $2,200 per year. Th14-05-2010
1BusinessA company manufactures wooden swing sets which are sold partially assembled. The following costs were incurred related to the production of 1,400 sw14-05-2010
3BusinessPrepare a Gross Profit section of the income statement on this Adjusted Trial Balance? The physical Inventory Amount at the end of the year is $75000 14-05-2010
9BusinessProblem 12-B2 Antonio Cleaning, Inc. What is the total costs the Commercial department using the direct method? In answering these questions, please s14-05-2010
2BusinessTo calculate machine setup cost per unit of product to find the unit-level cost a. Divide the number of units in the batch to be run by the machine 14-05-2010
1BusinessProduction records indicate that actual quantity of raw materials used for the prior month was 45,000 pounds at $4 per pound to produce 10,000 units o14-05-2010
1BusinessThe Sutcliff Manufacturing Company manufactures a product called Zyklon. Each unit of Zyklon requires two pounds of Zinses. The budget calls for produ14-05-2010
2BusinessAdel Department Store incurred $8,000 of indirect advertising costs for its operations. The following 2005 data have been collected for its three depa14-05-2010
5BusinessThe Hayes Company manufactures and sells several products, one of which is called a slip differential. The company normally sells 30,000 units of the 14-05-2010
4BusinessBudgeted sales for the third quarter of the year for Brown company are as follows:   July$300,000 August$375,000 September $450.000   14-05-2010
5BusinessContribution Margin and Breakeven point Elizabeth McClary recently begin a small snowboard company called Pure Powder. She and her staff have assemble18-05-2010
7BusinessPlainfield Bakers Inc. Manfacturres and sells a popular line of fat –free cookies under the name Aunt May’s Cookies . The process plainfield uses 18-05-2010
7BusinessRandazzo's cost accountant recently completed a study that associated cost and revenue data with each product listed in the company's catalogue. Exhib18-05-2010
5BusinessCalculate the ending inventory amount for the month of July assuming the company uses the LIFO method. Next calculate the cost of sales and gross prof05-10-2010
1.5Business44. In 2008, Masset sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $200,000. The same selling price, var22-07-2010
1.5BusinessIn 2008, Masset sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $200,000. What was Masset's 2008 net inco22-07-2010
1.5BusinessSargent.Com plans to sell 2,000 purple lawn chairs during May, 1,900 in June, and 2,000 during July. The company keeps 15% of the next month's sales a22-07-2010
1.5BusinessWishnell Toys can make 1,000 toy robots with the following costs: Direct Materials $70,000 Direct Labor 26,000 Variable Overhead 15,000 Fixed Overhead22-07-2010
3BusinessThe per-unit standards for direct labor are 1.5 direct labor hours at $12 per hour. If in producing 2,400 units, the actual direct labor cost was $36,22-07-2010
10BusinessFoundations of Financial Management, 13th Edition II. Financial Analysis and Planning 2. Review of Accounting 52 Part 2 Financial Analysis and Pl12-07-2010
3BusinessYou plan to invest in securities that pay 9.0%, compounded annually. If you invest $5,000 today, how many years will it take for your investment accou12-07-2010
3BusinessA 6%, $10,000 bond has interest payable annually. The bond will mature 10 years from now. At what market interest rate will the present worth of the b12-07-2010
4.5BusinessA $10,000 municipal bond has an interest rate of 6% per year, compounded semiannually. The bond will mature in 10 years. If the market interest rate i12-07-2010
10BusinessE4-2 The adjusted trial balance columns of the worksheet for Goode Company XACC 280 Goode company E4-2,E4-3,E4-4 E4-5   E4-2 The adjusted tri19-05-2010
10BusinessXACC 280 Goode company E4-2,E4-3,E4-4 E4-5   E4-2 The adjusted trial balance columns of the worksheet for Goode Company are as follows. GOODE 19-05-2010
7BusinessP11-1A  Mane Company Prepare current liability entries, adjusting entries, and current liabilities section.   On January 1, 2008, the led19-05-2010
10BusinessThe following are selected transactions of Winsky Company. Winsky prepares financial statements quarterly. Jan. 2 Purchased merchandise on account fro19-05-2010
12BusinessThe following are selected transactions of Winsky Company. Winsky prepares financial statements quarterly. Jan. 2 Purchased merchandise on account fro19-05-2010
10BusinessHayslett Corporation was organized on1/1/2008. It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock, and 500,000 shares of no-19-05-2010
5BusinessBonds having a face value of $5,000,000 are being offered for sale by Markham, Inc. The market rate of interest for bonds of this type is 10%, but the21-05-2010
10BusinessLakia Corporation reported the following current-year purchases and sales data for its only product: Jan. 1 Beginning inventory 120 units @ $6 = $ 7221-05-2010
5BusinessTanzy Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory (a) as a whole and (b) applied21-05-2010
4BusinessState whether below statements applies to direct format, indirect format, or both   a. the amount of cash received from customers is listed 21-05-2010
8BusinessGiven the following data for Gary and Co    (Millions of Dollars):   Balance Sheet       &nb21-05-2010
2BusinessA firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 and $21-05-2010
2Business5. Given the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables   = 81 days Calculate the cash21-05-2010
2Business6. Calculate the cost of trade credit   given terms of 3/20 net 60 21-05-2010
2Business7. A firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 021-05-2010
3BusinessThe editor of Spunk Magazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are: 21-05-2010
3BusinessYou were hired as a consultant to Keys Company, and you were provided with the following data:  Target capital structure:  40% debt, 10% pre21-05-2010
1BusinessSeveral years ago the Haverford Company sold a $1,000 par value bond that now has 25 years to maturity and an 8.00% annual coupon that is paid quarter22-05-2010
3BusinessTapley Inc. recently hired you as a consultant to estimate the company’s WACC.  You have obtained the following information.  (1)  Ta22-05-2010
1BusinessWagner Inc estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WACC of 8%, and its above-average risk 22-05-2010
2BusinessThe Nunnally Company has equal amounts of low-risk, average-risk, and high-risk projects.  Nunnally estimates that its overall WACC is 12%. 22-05-2010
2BusinessMT 217 Corporation provided the following data:  Target capital structure:  30% debt, 20% preferred, and 50% common equity.  The a22-05-2010
1BusinessUniversity Books Company provided the following data:  Target capital structure:  50% debt, 0% preferred, and 50% common equity.  22-05-2010
10BusinessUnit 7 Finance 7 Questions 1.   You were hired as a consultant to Keys Company, and you were provided with the following data:  Ta22-05-2010
6BusinessJohnson Corp has a 6year, 8% annual coupon bond with $1000 par value. Edward Enterprises has a 12 year 8% annual coupon bond with a $1000 par value. B22-05-2010
4BusinessHampton Inc has debt with both a face value and market value of $3000. This debt has a coupon rate of 7% and pays interest annually. The expected earn22-05-2010
5BusinessJones Inc has 210000 shares of common stock outstanding at a market price of $36 a share. Last month, Jones paid an annual dividend in the amount of $22-05-2010
10Business12-59 Allocating Costs Using Direct and Step-Down Methods Goal: Create an Excel spreadsheet to allocate costs using the direct method and the stepdo22-05-2010
5BusinessPatton Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity, with no preferred stock. Its before-tax cost22-05-2010
1SciencePacchiana Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined 23-05-2010
5BusinessAsset cost $100,000 Expected useful life 4 years Estimated salvage value $10,000 Using the double-declining-balance method, the amount of depreciation23-05-2010
3BusinessHopi Corporation expects the following operating results for next year:              23-05-2010
2BusinessEscareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product.   &nb24-05-2010
3BusinessRovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.  &24-05-2010
2BusinessSorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.    24-05-2010
3BusinessDecaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.    &nbs24-05-2010
2BusinessThe Bronco Birdfeed Company reported the following information:               &24-05-2010
3BusinessThe margin of safety in the Flaherty Company is $24,000. If the company's sales are $120,000 and its variable expenses are $80,000, its fixed expenses24-05-2010
3BusinessDodero Company produces a single product which sells for $100 per unit. Fixed expenses total $12,000 per month, and variable expenses are $60 per unit24-05-2010
5BusinessHolt Company's variable expenses are 70% of sales. At a $300,000 sales level, the degree of operating leverage is 10. If sales increase by $60,000, th24-05-2010
2BusinessGayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If the company's sales for a month are $738,000, what24-05-2010
3BusinessJilk Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expenses do not change, what 24-05-2010
2BusinessCreswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not ch24-05-2010
3BusinessWilson Company prepared the following preliminary budget assuming no advertising expenditures:          24-05-2010
2BusinessData concerning Kardas Corporation's single product appear below:               24-05-2010
2BusinessKuzio Corporation produces and sells a single product. Data concerning that product appear below:         &nb24-05-2010
3BusinessData concerning Dorazio Corporation's single product appear below:              &nbs24-05-2010
3BusinessChovanec Corporation produces and sells a single product. Data concerning that product appear below:         24-05-2010
3BusinessData concerning Pellegren Corporation's single product appear below:              &n24-05-2010
3BusinessCobble Corporation produces and sells a single product. Data concerning that product appear below:         &n24-05-2010
3BusinessData concerning Bazin Corporation's single product appear below:               24-05-2010
3BusinessSannella Corporation produces and sells a single product. Data concerning that product appear below:         24-05-2010
5BusinessCherry Street Market reported the following information for the sales of their only product, cherries sold by the pint:      24-05-2010
3BusinessA company makes a single product that it sells for $16 per unit. Fixed costs are $76,800 per month and the product has a contribution margin ratio of 24-05-2010
3BusinessThe following data are available for the Phelps Company for a recent month:             &24-05-2010
2BusinessHartl Corporation is a single product firm with the following selling price and cost structure for next year:       &nb24-05-2010
2BusinessBorich Corporation produces and sells a single product. Data concerning that product appear below:         &n24-05-2010
2BusinessData concerning Buchenau Corporation's single product appear below:              &nb24-05-2010
2BusinessHevesy Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fi24-05-2010
2BusinessWenstrom Corporation produces and sells a single product. Data concerning that product appear below:         24-05-2010
2BusinessData concerning Follick Corporation's single product appear below:              &nbs24-05-2010
2BusinessWimpy Inc. produces and sells a single product. The selling price of the product is $150.00 per unit and its variable cost is $58.50 per unit. The fix24-05-2010
2BusinessThe Saginaw Ice Company had sales of $400,000, with variable expenses of $162,000 and fixed expenses of $98,000. Which of the following is closest to 24-05-2010
2BusinessProduct Y sells for $15 per unit, and has related variable expenses of $9 per unit. Fixed expenses total $300,000 per year. How many units of Product 24-05-2010
2BusinessCaneer Corporation produces and sells a single product. Data concerning that product appear below:         &n24-05-2010
2BusinessData concerning Bedwell Enterprises Corporation's single product appear below:            &nbs24-05-2010
2BusinessHettrick International Corporation's only product sells for $120.00 per unit and its variable expense is $52.80. The company's monthly fixed expense i24-05-2010
2BusinessLogsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and th24-05-2010
2BusinessThe contribution margin ratio of Mountain Corporation's only product is 52%. The company's monthly fixed expense is $296,400 and the company's monthly24-05-2010
3BusinessMajid Corporation sells a product for $240 per unit. The product's current sales are 41,300 units and its break-even sales are 36,757 units. What is 24-05-2010
4BusinessMcmurtry Corporation sells a product for $170 per unit. The product's current sales are 10,000 units and its break-even sales are 8,100 units. The mar25-05-2010
3BusinessCubie Corporation has provided the following data concerning its only product:            &nbs25-05-2010
3BusinessEnsley Corporation has provided the following data concerning its only product:            &nb25-05-2010
5BusinessThe following is Noble Company's contribution format income statement last month:            &25-05-2010
3BusinessOstler Company's net operating income last year was $10,000 and its contribution margin was $50,000. Using the operating leverage concept, if the comp25-05-2010
3BusinessThe February contribution format income statement of Mcabier Corporation appears below: Degree of operating leverage = Contribution margin/Net operat25-05-2010
2BusinessSerfass Corporation's contribution format income statement for July appears below:            25-05-2010
2BusinessRushenberg Corporation's operating leverage is 10.8. If the company's sales increase by 14%, its net operating income should increase by about: A)&nb25-05-2010
7BusinessSheldon Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Sheldon optics on October 31 of t25-05-2010
1BusinessBendel Inc. has an operating leverage of 7.3. If the company's sales increase by 3%, its net operating income should increase by about: A)  25-05-2010
4BusinessE.D. Manufacturing, Inc. produces and sells ice skates. The current net operating income is $40,000, with a degree of operating leverage of 3. If sale25-05-2010
4BusinessMcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below:      &nb25-05-2010
4BusinessNewham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $28,000 and variable expenses of $6,440. Produ25-05-2010
4BusinessZachary's Bike Shop sells two products. Sales and contribution margin ratios for the two products follow:        &25-05-2010
7BusinessE10-13 Herzogg Company, organized in 2008, has the following transactions related to intangible assets. 1/2/08 Purchased patent (7-year life) $560,00028-05-2010
4BusinessE10-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $5,000 2. Painting of and lettering on truck immediately28-05-2010
5BusinessThe ledger of Hixson Company at the end of the current year shows accounts receivable 120,000, sales 840,000 and sales returns and allowance 30,000. 28-05-2010
5BusinessPorto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during the current fiscal year are a29-05-2010
5BusinessCoil Welding Corporation sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Coil Weldi29-05-2010
9BusinessBridger Bike Corp. manufacturers bikes and distributes them through retail outlets in Montana, Idaho, Oregon and Washington. Bridger Bike Corp. has de29-05-2010
5BusinessSheldon Optics produces medical lasers for use in hospitals. The accounts and their balances appear in the ledger of Sheldon optics on October 31 of t29-05-2010
7BusinessHerzogg Company, organized in 2008, has the following transactions related to intangible assets. 1/2/08 Purchased patent (7-year life) $560,000 4/1/0829-05-2010
5BusinessE10-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $5,000 2. Painting of and lettering on truck immediately29-05-2010
5BusinessThe ledger of Hixson Company at the end of the current year shows accounts receivable 120,000, sales 840,000 and sales returns and allowance 30,000. 29-05-2010
10BusinessYour division is considering two projects with the following net cash flows.   Project A 0= -$25 1= $5 2= $10 3= $17 Project B 0= -$20 1= $129-05-2010
9BusinessBethel Corp. is a retail company and had the following transactions during March, 2007, its first month of operations: March 1 - The owner invested 29-05-2010
10Business1. (Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percent (wit29-05-2010
15BusinessNeosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follo29-05-2010
10Business1. Bond. What is the value of a $1,000 par value bond with annual payments of an  a. 11% coupon with a maturity of 20 years and a 15% required r29-05-2010
10BusinessThe following items were selected from among the transactions completed by emerald bay stores co. during the current year.   Jan 15. Purchased29-05-2010
5BusinessWhat is the future value on Dec 31 2014 of deposit of 35000 made on Dec 31 2010 assuming interest of 10% compounded annually? What is the future val29-05-2010
5BusinessWhat is the future value on Dec 31 2019 of 10 cash flows of 20000 with the first cash payment made on Dec 31, 2010 and interest at 10% being compounde29-05-2010
3BusinessAmount of each cash flows On Dec 31, 2017 Michael McDowell desires to have 60000. He plans to make six deposit in a fund to provide this amount. Inter29-05-2010
3BusinessThe following data are available for the Phelps Company for a recent month: Product A   Sales................................... Variable ex06-07-2010
2BusinessA share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 1130-05-2010
5BusinessOn December 31, 2010 Brown Company's inventory burned. Sales and purchases for the year had been $1,400,000 and $980,000, respectively. The beginning 30-05-2010
6BusinessWhen you undertook the preparation of the financial statements for Green Company at January 31, 2010, the following data were available: .............30-05-2010
5BusinessBonds having a face value of $5,000,000 are being offered for sale by Markham, Inc. The market rate of interest for bonds of this type is 10%, but the31-05-2010
2BusinessA12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is non growing. What is the req31-05-2010
1BusinessA14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that pays a $1.00 quarterly dividend and has a required 31-05-2010
1BusinessA1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond’s coupon rate is 7.4%. What31-05-2010
1BusinessA10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60 next year and its dividends are expected to grow at a rate31-05-2010
2BusinessWhat is the future value of the following cash flows at the end of year 3 if the interest rate is 7.25 percent? The cash flows occur at the end of the31-05-2010
15BusinessDoug Maltbee formed a lawn service business as a summer job. To start the business on May 1, he deposited $1,000 in a new bank account in the name of 31-05-2010
7BusinessThe final two mutually exclusive projects that Caledonia is considering involve mutually exclusive pieces of machinery that perform the same task. The31-05-2010
7BusinessCaledonia Corp is considering two additional mutually exclusive projects. The cash flows associated with these projects are as follows:   Year31-05-2010
5BusinessDetermine the present value and net present value and payback period of a project that has a total cost of $20,000 for the three year period, utilizin31-05-2010
4BusinessCaladonia Corp is considering two investments with one-year lives. The more expensive of the two is the better and will produce more savings. Assume t31-05-2010
15BusinessP3-2A Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as31-05-2010
1BusinessWhat is the current value of the future payments if Jean will receive $8,500 per year for the next 15 years from her trust applying 7% interest? 01-06-2010
1BusinessNew Your Key is planning a $50 million expansion. The expansion is to be financed by selling $20 million in new debt and $30 million in new common sto01-06-2010
8BusinessThe net income of Simon and Hobbs, a department store, decreased sharply during 2000. Carol Simon, owner of the store, anticipates the need for a bank01-06-2010
9BusinessBenjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. I01-06-2010
9BusinessChapter 12-59 Decision guidelines Dallas Cleaning Cost allocations from service departments to producing departments 25-06-2009     Dir01-06-2010
6Business13-B3 Youngstown Manufacturing. Comparison of Variable Costing and Absorption Costing Consider the following information pertaining to a year’s ope01-06-2010
3BusinessOperating Cash Flows. Laurel's Lawn Care, Ltd., has a new mower line that can generate revenues of $120,000 per year. Direct production costs are 01-06-2010
10Business Nike, Inc Cost of Capital   1. What is WACC and why is it important to calculate a firm's cost of capital? 2. Do you agree with Joanna's W01-06-2010
1BusinessAn investor is considering starting a new business. The company would requite $500,000 of assets, and it would be financed entirely with common stock.01-06-2010
2BusinessRolle Corp has $500,000 of assets, and it uses no debt-- it is financed only with common equity. The new CFO wants to employ enough debt to bring the 01-06-2010
0BusinessA firm has a debt-equity ratio of 0.56. What is the total debt ratio?01-06-2010
2BusinessA firm has a debt-equity ratio of 0.56. What is the total debt ratio?01-06-2010
5BusinessA.CVP and Financial Statements for a Mega-Brand Company Procter & Gamble Company is a Cincinnati-based company that produces household products 01-06-2010
2BusinessHighlight Inc. is considering an investment project with the following cash flows: YEAR     Cash Flow 1   01-06-2010
5BusinessAs the director of capital budgeting for ABC Corporation, you are evaluating two mutually exclusive projects with the following net cash flows: Cash01-06-2010
10BusinessA division of Hewlett-Packard Company changed its production operations from one where a large labor force assembled electronic components to an autom02-06-2010
5BusinessCVP and Financial Statements for a Mega-Brand Company 02-06-2010
7Business2-B2 Basic CVP Exercises 1. Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units02-06-2010
9Business4-6A. The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows: Cash budget   January   &nbs02-06-2010
3Business5-1A. (Compound interest) To what amount will the following investments accumulate?   a. $5,000 invested for 10 years at 10 percent compounded02-06-2010
3Business5-4A What is the present value of the following future amounts? (Present value)   a. $800 to be received 10 years from now discounted back to t02-06-2010
3Business5-5A What is the accumulated sum of each of the following streams of payments?. (Compound annuity) a. $500 a year for 10 years compounded annually at02-06-2010
3Business5-6A What is the present value of the following annuities? (Present value of an annuity) a. $2,500 a year for 10 years discounted back to the presen02-06-2010
2BusinessIncome Statement Net Sales $150 Cost of Goods Sold $50 _____ Gross Profit $100 Operating Expenses 40 ______ net Income $60 Using the vertical analysis03-06-2010
2BusinessThe Blaz Company’s capital structure is as follows: Debt…………. …………. 35% Preferred stock ………… 15 Common equity………… 5003-06-2010
3BusinessThe MB Corporation has a bond outstanding with a $90 annual interest with semi-annual payment, a market price of $820, and a maturity date in ten year03-06-2010
4BusinessIf you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. 03-06-2010
4BusinessIf you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. 03-06-2010
4BusinessIf you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. 03-06-2010
2BusinessYour uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose?03-06-2010
5BusinessComparison of variable costing and absorption costing Consider the following information pertaining to a year’s operations of Hunt’s Point Manufac03-06-2010
5BusinessHunt’s Point Manufacturing Comparison of variable costing and absorption costing Consider the following information pertaining to a year’s operat03-06-2010
1BusinessFlat Company currently produces cardboard boxes in an automated process. Expected produc¬tion per month is 50,000 units. The required direct material03-06-2010
6BusinessOverhead Variances Study Appendix 13. Consider the following data for the Rivera Company: Factory Overhead Fixed      03-06-2010
6BusinessQuestion 13-48 Rivera Company Study Appendix 13 Overhead Variances   Overhead Variances Study Appendix 13. Consider the following data for the 03-06-2010
6BusinessRivera Company  Question 13-48 Study Appendix 13 Overhead Variances Study Appendix 13.   Overhead Variances Study Appendix 13. Consider th03-06-2010
1BusinessFinancial Statements of Company. indicates that ending inventory levels in 2005 and 2006 were $200,000 and $350,000 respectively. Cost of Goods sold f08-06-2010
9BusinessA firm's current balance sheet is as follows:   Assets $100              &nbs08-06-2010
10Business12-59 Allocating Costs Using Direct and Step-Down Methods Goal: Create an Excel spreadsheet to allocate costs using the direct method and the step dow08-06-2010
4BusinessA company produces two joint products (called 101 and 202) in a single operation that uses one raw material called Casko. Four hundred gallons of Cask08-06-2010
1BusinessCompensating Balances? A. are used by banks as a substitute for charging service fees B. are created by having a sweep account C. generate return08-06-2010
6BusinessCollins Office Supplies is considering a more liberal credit policy to increase sales, but expects that 9 percent of the new accounts will be uncollec08-06-2010
9BusinessP4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 3108-06-2010
6BusinessOverhead Variances Consider the following data for the Mitchell Company: Factory Overhead Fixed Variable Actual incurred $14,200 $13,300 Budget for st08-06-2010
8BusinessACC 561 13-49 Variances Study Appendix 13 Introduction to Management Accounting Variances Consider the following data regarding factory overhead: 08-06-2010
5Business5-37 JIT manufacturing and cost savings Bogden Company introduced JIT manufacturing last year and has prepared the following data to assess the benefi09-06-2010
4BusinessBogden Company introduced JIT manufacturing last year and has prepared the following data to assess the benefits from the change. CATEGORY &nbs09-06-2010
1BusinessConstant-Growth Model. Arts and Crafts, Inc., will pay a dividend of $5 per share in 1 year. It sells today at $50 a share, and firms in the same indu09-06-2010
1BusinessArts and Crafts, Inc., will pay a dividend of $5 per share in 1 year. It sells today at $50 a share, and firms in the same industry provide an expecte09-06-2010
9BusinessCo is considering to buy a new piece of equipment for $220,000. It has an eight-year midpoint of its asset depreciation range (ADR). It will require a09-06-2010
10BusinessDumba is considering expanding into a new line of business. The expansion will require an investment today of $500,000 in new equipment. This equipmen09-06-2010
15BusinessIf the one-year spot rate is 5% (R1) (APR) and Two-year spot rate is 5.5% (R2) (APR) calculate the one-year rate one-year (Forward rate)(FR1) from tod10-06-2010
1BusinessYou expect your newly born child to attend college in 18 years. You have $12,000 to set aside for that purpose. You also expect that the total cost of10-06-2010
1BusinessGreat Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years. The financial analyst wants to discount this liabili10-06-2010
2BusinessHighlight Inc. is considering an investment project with the following cash flows: YEAR  Cash Flow 1       10-06-2010
2BusinessSolar light Inc is considering a project with the following cash flows :   YEAR  Cash Flow 1       &10-06-2010
2BusinessNewsys Inc. will generate $30,000 per year for the next five years from a new database system. The system requires an investment of 120,000 today. If 10-06-2010
3BusinessAn investment pays $2,000 per year for 10 years. The payments occur at the end of each year. The required rate of return in 12%. Calculate the value o10-06-2010
3BusinessIf Mr. Hobbit deposits $2,000 at the end of each year for the next 10 years at an interest rate of 12% per year, how much will be have accumulated? Ho10-06-2010
1BusinessFind the present value of a perpetuity that pays $2,000 per year and the interest rate is 10% 10-06-2010
3BusinessShow, using an example, that the present value of an annuity is the difference between the present value of two perpetuities, one starting one year fr10-06-2010
2BusinessGiven the following data, calculate the effective annual rate (EAR) in each case   Sated rate (Nominal APR)     Freque10-06-2010
1BusinessGiven the following data, calculate the stated (Nominal) annual rate (APR) in each case Sated rate (Nominal APR)     Freque10-06-2010
1BusinessBig Bank Corp. wants to earn an effective interest rate of 9% (EAR) on its consumer loans. It uses monthly compounding on consumer loans. What should 10-06-2010
1BusinessCalculate the future value of $1,000 in 10 years assuming an interest rate of 12% (APR) compounded quarterly. Also calculate the effective rate (EAR) 10-06-2010
2BusinessYou want to buy a new sports coupe and need $30,000 loan and the finance company affiliated with the dealership is offering 6.9% APR loan and the loan10-06-2010
4BusinessOn December 31, 2010 Felt Company's inventory burned. Sales and purchases for the year had been $1,400,000 and $980,000, respectively. The beginning i11-06-2010
9BusinessRed Court, Inc., has $900,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 investe11-06-2010
8BusinessMaui Blends, Inc., produces and sells organically grown coffee. On July 1, 2010, Maui Blends, Inc. issued $3,000,000 of 15-year, 12% bonds at an effec11-06-2010
9BusinessPR 14-2A On July 1, 2010, Borrower Industries Inc. issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13% receiving cash of $3211-06-2010
9BusinessOn July 1, 2010, Borrower Industries Inc. issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13% receiving cash of $32,237,139.11-06-2010
9BusinessMurdock Paints is in the process of evaluating two mutually exclusive additions to its processing capacity. The firm’s financial analysts have devel11-06-2010
8BusinessMidland Chemical Co. is negotiating a loan from Manhattan Bank and Trust. The small chemical company needs to borrow is $650,000. The bank offers a ra11-06-2010
1BusinessMr. Wise is retiring in 25 years. He would like to accumulate $1,000,000 for his retirement fund by then. He plans make equal monthly payments to achi12-06-2010
1.5BusinessMr. Wise makes payments (as per problem 33) for the first ten years and stops making payments afterwards due personal problems. How much would he have12-06-2010
3BusinessPrepare an amortization schedule for a three year loan of $10,000. The interest rate is 9% per year, and the loan calls for equal annual payments. How12-06-2010
1BusinessMr. Spend has accumulated credit card loans of $15,000 and is finding it difficult to make payments. His local bank has offered him a consolidation lo12-06-2010
3BusinessMr. Carter is planning to buy a home and he expects to borrow $200,000 for that purpose. Currently 15-year mortgage loans are quoted at 5% (APR). He e12-06-2010
2BusinessThe Valuation using Free Cash Flows(FCF). The following free cash flows (in $ Million) are projected for the next five years. The free cash flows are 12-06-2010
3BusinessCalculate the beta and the cost of equity capital. The following historical data for a proxy firm is similar to the firm evaluated,   Year &nbs12-06-2010
3BusinessBillick Brothers is estimating its WACC. The company has collected the following information: ? Its capital structure consists of 40 percent debt and 13-06-2010
4BusinessABC Inc. shows gross sales of $730,600 for couches & $934,900 for recliners. It has determined that couches cost $534,000 & that recliners cost $391,413-06-2010
3BusinessBillick Brothers is estimating its WACC. The company has collected the following information: ? Its capital structure consists of 40 percent debt and 13-06-2010
8BusinessAfter a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are curre14-06-2010
2BusinessAfter a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest rates are curre14-06-2010
3BusinessMary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in 14-06-2010
5BusinessMary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. They currently have $1500 in a savi14-06-2010
7BusinessYou will receive $5,000 three years from now. The discount rate is 8 percent.   a. What is the value of your investment two years from now? Mu14-06-2010
4BusinessAn investor in treasury securities expects inflation to be 2.5% in year 1, 3.2% in year 2 and 3.6% each year thereafter. Assume that the real risk-fre14-06-2010
4BusinessBond Valuation - A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bon's coupon rate is 7.4%. What is the14-06-2010
8BusinessThe Big Apple, Inc., has compiled the following information on its 2008 income statement: sales = $961,800; costs = $328,400; other expenses = $72,80014-06-2010
5Business3-39 Account Analysis Custom Computers is a company stated by two engineering students to assemble and market personal computers to faculty and studen14-06-2010
5BusinessCustom Computers is a company stated by two engineering students to assemble and market personal computers to faculty and students. The company operat14-06-2010
6Business3-41 High-Low Method Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at14-06-2010
6BusinessManchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000.14-06-2010
9BusinessModern Furniture Company (dividend payments versus stock repurchases) Modern Furniture Company had finally arrived at the point where it had a suffic14-06-2010
9BusinessModern Furniture Company had finally arrived at the point where it had a sufficient excess cash flow of $4.8 million to consider paying a dividend. It14-06-2010
4BusinessCalculate the present value of? a. $9,000 in 7 years at 8% $5251.47 b. $20,000 in 5 years at 10% $12,418.43 c. $10,000 in 25 years at 6% $2,329.14-06-2010
4BusinessA person that invest $9,000 today, how much will they have? a. 2 years at 9% $10,620.00 b. 7 years at 12% $16,560.00 c. 25 years at 14% $13,500.14-06-2010
6BusinessA person invests 2,000 a year in a retirement account, how much will they have? a. In 5 years at 6% $2,697.70 b. In 20 years at 10% $14,656.14 c14-06-2010
13BusinessThe reason cash flow is used in capital budgeting is because: (Points: 5) 1. The reason cash flow is used in capital budgeting is because: (Points: 514-06-2010
9BusinessHealthy Foods, Inc., sells 50 pounds bags of grapes to the military for $10.00 a bag. The fixed cost of this operation are $80,000, while the variable15-06-2010
6BusinessGiven the following data for Gary and Co    (Millions of Dollars):   Balance Sheet       &nb15-06-2010
5BusinessGiven the compressed version of balance sheet and income statement, estimate the amount of external financing needed to increase sales by 20% next yea15-06-2010
2BusinessA firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 and $15-06-2010
3BusinessGiven the following data develop weekly cash budget Minimum cash required is $50 and the beginning cash balance is $100.     &nb15-06-2010
3BusinessGiven the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables   = 81 days Calculate the cash conv15-06-2010
2BusinessCalculate the cost of trade credit   given terms of 3/20 net 60 15-06-2010
3BusinessA firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 0.2515-06-2010
2BusinessThe sales projections for James Henry’s Audit Emporium are as follows for the last three months of 2009: October 100,000; November 120,000; December15-06-2010
3BusinessThe following data is available for Jacobs Company: Direct materials $5; Direct labor $7; Variable overhead $4; Fixed overhead $3.40; Variable Selling15-06-2010
2BusinessThe following data is available for Jacobs Company: Direct materials $5; Direct labor $7; Variable overhead $4; Fixed overhead $3; Variable Selling $515-06-2010
3BusinessABC Ltd makes three products, typically selling 92,500 units of A, 57,250 units of B and 15,125 units of C. Direct materials costs are $30, $40 and $115-06-2010
3BusinessPaula’s Puppy Parlor creates popular puppy hair-dos for all kinds of dogs. The typical cut and style costs $200. Paula’s Parlor uses $3 in organic15-06-2010
4BusinessAmanda’s Candles is considering investing in a new candle shaping machine costing $120,000. Expected cash savings for the next five years is as foll15-06-2010
5BusinessThe number of labor hours worked for the first five months of 2009 were: January 180, February 200, March 250, April 225, and May 190. The phone bills15-06-2010
4BusinessThe number of labor hours worked for the first five months of 2009 were: January 180, February 200, March 250, April 225, and May 190. The phone bills15-06-2010
3BusinessShelby's Shoes budgeted to sell 40,000 pairs of shoes in the first quarter of 2009 at an average price of $200 per pair. Actual revenues were $8,331,215-06-2010
3BusinessJacobs Company estimates the following pre-tax cash flows for a project costing $156,000 in which it is considering investing. The project is estimate15-06-2010
2BusinessShelby Shoes manufactures high-quality leather shoes for premier retail stores. Estimated sales for the first five months of the next year are: Jan 1015-06-2010
2BusinessProduction estimates for Shelby’s Shoes are as follows for the first five months of the year: Jan 9,000 pairs; Feb 12,000 pairs; March 13,200 pairs;15-06-2010
5BusinessThe following data pertains to the household of Mary and John at the end of the year: Assets Liabilities House $250,000 Mortgage loan $200,000 S15-06-2010
6BusinessQuestion 25 A company that makes organic fertilizer has supplied the following data: Bags produced and sold.................................15-06-2010
3BusinessYou own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you think a fair return on the well is24-06-2010
2BusinessSuppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your pa24-06-2010
2BusinessIf a bank loan officer were considering a company's request for a loan, which of the following statements would you consider to be CORRECT?   24-06-2010
5BusinessDuring the latest year Ruth Corp. had sales of $300,000 and a net income of $20,000, and its year-end assets were $200,000. The firm's total debt to t24-06-2010
2BusinessRangoon Corp's sales last year were $400,000, and its year-end total assets were $300,000. The average firm in the industry has a total assets turnove24-06-2010
5BusinessYou will receive $5,000 three years from now. The discount rate is 8 percent.   a. What is the value of your investment two years from now? Mu24-06-2010
5BusinessIf you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. 24-06-2010
2BusinessYour uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose?  24-06-2010
15BusinessAccounting 403 Westcost Air Co. leases a single jet aircraft and operates between San Francisco and the Fiji. Flights leave San Francisco on Mondays a24-06-2010
15BusinessWestcost Air Co. leases a single jet aircraft and operates between San Francisco and the Fiji. Flights leave San Francisco on Mondays and Thursdays an24-06-2010
8BusinessThe comparative balance sheet of Mavenir Technologies Inc. for December 31, 2010 and 2009, is shown as follows:. Assets Dec. 31, 2010 Dec. 31, 2009 24-06-2010
2BusinessDetermine the after-tax cash flows for the following assuming a tax rate of 40%: a.     Cash inflows of $100,000 b. 24-06-2010
5BusinessCustom Computers is a company stated by two engineering students to assemble and market personal computers to faculty and students. The company operat24-06-2010
6Business2-65 CVP and Break-Even Goal: Create an Excel spreadsheet to perform CVP analysis and show the relationship between price, costs, and break-even point24-06-2010
6BusinessPhonetronix is a small manufacturer of telephone and communications devices 2-65 CVP and Break-Even Goal: Create an Excel spreadsheet to perform CVP a24-06-2010
2BusinessGrandma's stock has a 50% chance of producing a 35% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -28% return. What 24-06-2010
6BusinessCalculate the beta and the cost of equity capital. The following historical data for a proxy firm is similar to the firm evaluated in the final projec24-06-2010
6BusinessThe following historical data for a proxy firm is similar to the firm evaluated in the final project assignment. Year     M24-06-2010
3BusinessABC Co. has forecasted May sales of 600 units and June sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales24-06-2010
2BusinessThe XUZ Corp. had net income before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is_____. A)24-06-2010
5BusinessUsing the following information, complete the income statement for Big Corporation:   Sales $__ Cost of Good Sold $ 8,000,000 Gross Profit24-06-2010
5Business3-39 Account Analysis Custom Computers is a company started by two engineering students to assemble and market personal computers to faculty and stude24-06-2010
7BusinessFLPs beta is approx. 1.1. Assume the risk less return is 5% and the market risk premium is 10%. What is the return on the market? What is FLP’s requ25-06-2010
2BusinessIf the formula for Return on Equity (ROE) is made of three factors [Net Income (NI) divided by Sales (S), Sales (S) divided by Total Assets (TA), and 25-06-2010
3BusinessYou are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. 26-06-2010
3BusinessYou borrow $149,000 to buy a house. The mortgage rate is 7.5% and the loan period is 30 years. Payments are made monthly. If you pay for the house acc26-06-2010
5BusinessYou have $2,500 that you want to use to open a savings account. You have found five different accounts that are acceptable to you. All you have to do 26-06-2010
3BusinessA friend who owns a perpetuity that promises to pay $1,000 at the end of each year, forever, comes to you and offers to sell you all of the payments t26-06-2010
4BusinessThe Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20% a year for the next26-06-2010
5BusinessYou are 30 years old and want to retire at 55. However, you do not want to start withdrawing your retirement accounts and social security until 62.You26-06-2010
5BusinessYou purchased a 5-year annual interest coupon bond one year ago. Its coupon interest rate was 6% and its par value was $1,000. At the time you purchas26-06-2010
6BusinessA bond has a par value of $1,000, a time to maturity of 10 years, and a coupon rate of 8% with interest paid semi-annually. If the current market pric26-06-2010
5BusinessRose Hill Trading Company just reported EPS of $8.00. The expected ROE is 18.0%. An appropriate required return on the stock is 14%. If the firm has a26-06-2010
5BusinessAce Frisbee Corporation produces a good that is very mature in their product life cycles. Ace Frisbee Corporation is expected to pay a dividend in yea28-06-2010
9BusinessMaui Blends, Inc., produces and sells organically grown coffee. On July 1, 2010, Maui Blends, Inc. issued $3,000,000 of 15-year, 12% bonds at an effec28-06-2010
1BusinessWhich of the terms below would make the following sentence correct? Multiple overhead rate costing systems are usually more ____________ than plant wi28-06-2010
2BusinessThe following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct lab28-06-2010
1BusinessConsider the following costs incurred in a recent period: Direct materials = 33000 Depreciation on factory equipment = 12000 Factory janitor's s28-06-2010
1BusinessCost of clay used in production=65000 Wages paid to the workers who paint the figurines=90000 Wages paid to the sales managers secretary=22000 C28-06-2010
1BusinessAn example of a fixed cost that would be considered a direct cost is:  a. a cost accountant's salary when the cost object is a unit of product. 28-06-2010
1BusinessA mattress manufacturer has provided the following cost data. The cost of fabric, foam, springs, and lumber is $68,000. The cost of indirect materials28-06-2010
4BusinessBlue Snow has come up with a new composite snowboard. Development will take Blue Snow four years and cost $250,000 per year, with the first of the fou28-06-2010
1BusinessGabrio Inc. is a merchandising company. Last month the company's merchandise purchases totalled $87,000. The company's beginning merchandise inventory28-06-2010
1BusinessVignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana28-06-2010
1BusinessBeginning work in process was $145,000. Manufacturing cost incurred for the month was $810,000. The ending work in process was $200,000. What was the 28-06-2010
1BusinessMark is an engineer who has designed a telecommunications device. He is convinced that there is a big potential market for the device. Accordingly, he28-06-2010
2BusinessA partial listing of costs incurred during march at Febbo corporation appears below: Factory supplies.........9,000 Administrative wages and salar28-06-2010
10BusinessNeosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follo28-06-2010
6BusinessManagement of Jarva Corporation has asked your help as an intern in preparing some key reports for May. The company started the month with raw materia28-06-2010
5Business5-6A. Present value of an annuity (Present value of an annuity) What is the present value of the following annuities? a. $2,500 a year for 10 years 29-06-2010
5BusinessPresent value of an annuity (Present value of an annuity) What is the present value of the following annuities? a. $2,500 a year for 10 years discou29-06-2010
6BusinessPrepare a balance sheet and income statement as of December 31, 2003, for Preakness, Inc., from the following information.     Inventory&n30-06-2010
6BusinessPrepare a balance sheet and income statement for the Tiger Corporation, given the following information: Accumulated depreciation   &30-06-2010
3BusinessAlamo, Inc., bonds have a 9 percent coupon rate. The interest is paid semi-annually and the bonds mature in eight years. Their par value is $1,000. If30-06-2010
2BusinessThe market price is $900 for a 10-year bond ($1,000 par value) that pays 8 percent interest (4 percent semi-annually). What is the bond’s expected r30-06-2010
3BusinessAustin Industries 15-year, $1,000 par value bonds pay 8 percent interest annually. The market price of the bonds is $1,085, and your required rate of 30-06-2010
3BusinessPhilly, Inc., bonds have a 10 percent coupon rate. The interest is paid semiannually and the bonds mature in 11 years. Their par value is $1,000. If y30-06-2010
3BusinessNew Jersey Company’s $1,000 bonds pay 8 percent interest annually and have 25 years until maturity. You can purchase the bond for $915. What return 30-06-2010
2BusinessYou own 200 shares of Jackson, Inc.’ preferred stock, which currently sells for $40 per share and pays annual dividends of $3.40 per share. What is 30-06-2010
3BusinessCalhoun, Inc. paid a $3.50 dividend last year. At a constant growth rate of 5 percent, what is the value of the common stock if the investors require 30-06-2010
3BusinessSalisbury, Inc. paid a $3.75 dividend last year. At a growth rate of 6 percent, what is the value of the common stock if the investors require a 20 pe30-06-2010
20Business1) Prepare a balance sheet and income statement as of December 31, 2003, for Preakness, Inc., from the following information.   Inventory &30-06-2010
3BusinessArtie’s Soccer Ball Company is considering a project with the following cash flows: Initial outlay = $750,000 Incremental after-tax cash flows from 01-07-2010
20Business1. Maximization of shareholder wealth is a concept in which a. Virtually all earnings are paid as dividends to common stockholders. b. Increase ea01-07-2010
5BusinessAccounting 400 How do you calculated the flexible units budgeted for Sale/Production 100,000 200,000 350,000 Sales $ 2,000,000 4,000,000 COGS $ 1,200,01-07-2010
8Business6 Chapter Cost-Volume-Profit Relationships True/False 1. One way to compute the total contribution margin is to add total fixed expenses to net o01-07-2010
2BusinessWhat is Hopi expecting total fixed expenses to be next year? A) $75,000 B) $100,000 C) $200,000 D) $225,000 01-07-2010
2BusinessEscareno Corporation has provided its contribution format income statement for June. The company produces and sells a single product. Sales (8,400 u01-07-2010
3BusinessRovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales 01-07-2010
3BusinessSorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 unit01-07-2010
3BusinessDecaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (8,800 units)..01-07-2010
5BusinessExercise 13-3: Make or Buy a Company   Han Products manufactures 30,000 units of part S-6 each year for use on its production line.  At th02-07-2010
5BusinessHan Products manufactures 30,000 units of part S-6 each year for use on its production line.  At this level of activity, the cost per unit for pa02-07-2010
0BusinessHan Products manufactures 30,000 units of part S-6 each year for use on its production line.  At this level of activity, the cost per unit for pa02-07-2010
5BusinessExercise 13-3: Make or Buy a Company Han Products manufactures 30,000 units of part S-6 each year for use on its production line.  At this level 02-07-2010
2BusinessThe Bronco Birdfeed Company reported the following information: Sales (400 cases)............................ $100,000 Variable expenses...........02-07-2010
3BusinessThe margin of safety in the Flaherty Company is $24,000. If the company's sales are $120,000 and its variable expenses are $80,000, its fixed expenses02-07-2010
3BusinessDodero Company produces a single product which sells for $100 per unit. Fixed expenses total $12,000 per month, and variable expenses are $60 per unit02-07-2010
10Business A Journal does all of the following except a. Summarizes all of the transactions that effect one account in a “T-account” b. Records all the ass02-07-2010
10BusinessACC 300 Multiple choice questions 1. A Journal does all of the following except a. Summarizes all of the transactions that effect one account in a 02-07-2010
7Business  Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted 02-07-2010
5BusinessHolt Company's variable expenses are 70% of sales. At a $300,000 sales level, the degree of operating leverage is 10. If sales increase by $60,000, th02-07-2010
2BusinessGayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If the company's sales for a month are $738,000, what02-07-2010
2BusinessJilk Inc.'s contribution margin ratio is 58% and its fixed monthly expenses are $36,000. Assuming that the fixed monthly expenses do not change, what 02-07-2010
2BusinessCreswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not ch02-07-2010
2BusinessCreswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not ch02-07-2010
3BusinessWilson Company prepared the following preliminary budget assuming no advertising expenditures: Selling price....................... $10 per unit Un02-07-2010
3BusinessData concerning Kardas Corporation's single product appear below: Per Unit Selling price.......................     $140 Variable 02-07-2010
2BusinessKuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price.........02-07-2010
3BusinessData concerning Dorazio Corporation's single product appear below:              &nb02-07-2010
3BusinessChovanec Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Selling price.......................02-07-2010
10BusinessGabrio Inc. is a merchandising company. Last month the company's merchandise purchases totalled $87,000. The company's beginning merchandise inventory03-07-2010
3BusinessHartl Corporation is a single product firm with the following selling price and cost structure for next year:   Selling price per unit........06-07-2010
2BusinessBorich Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit...................... Va06-07-2010
2BusinessData concerning Buchenau Corporation's single product appear below: Selling price per unit...................... Variable expense per unit........06-07-2010
2BusinessHevesy Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fi06-07-2010
2BusinessWenstrom Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit...................... 06-07-2010
2BusinessData concerning Follick Corporation's single product appear below: Selling price per unit...................... $110.00 Variable expense per unit..06-07-2010
2.5BusinessWimpy Inc. produces and sells a single product. The selling price of the product is $150.00 per unit and its variable cost is $58.50 per unit. The fix06-07-2010
2.5BusinessThe Saginaw Ice Company had sales of $400,000, with variable expenses of $162,000 and fixed expenses of $98,000. Which of the following is closest to 06-07-2010
2BusinessProduct Y sells for $15 per unit, and has related variable expenses of $9 per unit. Fixed expenses total $300,000 per year. How many units of Product 06-07-2010
2BusinessCaneer Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit...................... $24006-07-2010
2BusinessData concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit...................... $160.00 Variable expens06-07-2010
2BusinessHettrick International Corporation's only product sells for $120.00 per unit and its variable expense is $52.80. The company's monthly fixed expense i06-07-2010
2BusinessLogsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and th07-07-2010
2BusinessThe contribution margin ratio of Mountain Corporation's only product is 52%. The company's monthly fixed expense is $296,400 and the company's monthly07-07-2010
2BusinessMajid Corporation sells a product for $240 per unit. The product's current sales are 41,300 units and its break-even sales are 36,757 units. What is t07-07-2010
3BusinessMcmurtry Corporation sells a product for $170 per unit. The product's current sales are 10,000 units and its break-even sales are 8,100 units. The mar07-07-2010
3BusinessCubie Corporation has provided the following data concerning its only product: Selling price....................... $100 per unit Current sales...07-07-2010
3BusinessEnsley Corporation has provided the following data concerning its only product: Selling price....................... $200 per unit Current sales..07-07-2010
4BusinessThe following is Noble Company's contribution format income statement last month: Sales (12,000 units)........... $600,000 Variable expenses.........07-07-2010
2BusinessOstler Company's net operating income last year was $10,000 and its contribution margin was $50,000. Using the operating leverage concept, if the comp07-07-2010
2BusinessThe February contribution format income statement of Mcabier Corporation appears below:   a. Degree of operating leverage = Contribution margi07-07-2010
2BusinessSerfass Corporation's contribution format income statement for July appears below: Sales................................... $260,00 0 Variable expens07-07-2010
2BusinessRushenberg Corporation's operating leverage is 10.8. If the company's sales increase by 14%, its net operating income should increase by about: A) 15107-07-2010
2BusinessBendel Inc. has an operating leverage of 7.3. If the company's sales increase by 3%, its net operating income should increase by about: A) 243.3% 07-07-2010
2BusinessBendel Inc. has an operating leverage of 7.3. If the company's sales increase by 3%, its net operating income should increase by about: A) 243.3% 07-07-2010
3BusinessE.D. Manufacturing, Inc. produces and sells ice skates. The current net operating income is $40,000, with a degree of operating leverage of 3. If sale07-07-2010
4BusinessMcdale Inc. produces and sells two products. Data concerning those products for the most recent month appear below:   Product I49V 07-07-2010
3.5BusinessNewham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $28,000 and variable expenses of $6,440. Produ07-07-2010
3BusinessZachary's Bike Shop sells two products. Sales and contribution margin ratios for the two products follow: Product A $10,000 25% Product B $40,000 07-07-2010
5Business A cement manufacturer has supplied the following data:   Tons of cement produced and sold........................ 680,000 Sales revenue....07-07-2010
5BusinessRighway Corporation has supplied the following data: Sales per period............................. 1,000 units Selling price.......................07-07-2010
3.5BusinessKeomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. Sales (407-07-2010
3.5BusinessSouza Inc, which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units)........07-07-2010
7BusinessThe following data relate to a company that produces and sells a travel guide that is updated monthly: Fixed costs: Copy editing..................08-07-2010
6BusinessWeek 6 – Credit Policy Decisions FIN200 Cooper Office Supplies is considering a more liberal credit policy in order to increase sales. The following08-07-2010
6BusinessCooper Office Supplies is considering a more liberal credit policy in order to increase sales. The following data is available for the company: Week 608-07-2010
10BusinessA division of Hewlett-Packard Company changed its production operations from one where a large labor force assembled electronic components to an autom08-07-2010
6BusinessCustom Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company opera08-07-2010
5BusinessInterest Rate. At what interest rate will it take to grow a. $374 to a value of 1,051.94 over 12 years? b. $640 to a value of 1,817.23 over 10 yea08-07-2010
6BusinessAnnuity. How many years will it take for a payment of a. $687 to grow to 9,090.91 at a compound rate of 14 percent? b. $800 from a future value of08-07-2010
0BusinessCar Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per month for 2 year08-07-2010
5BusinessCar Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per month for 2 year08-07-2010
5BusinessCar Loans. (Hint: P/Y=12) How many months will you pay on a car loan of a. $14108 with a payment of 335.63 per month at 15% interest per year? b. 08-07-2010
5BusinessA manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold.......... 360,000 Sales revenue........08-07-2010
3.5BusinessCarr Inc. produces small motors that sell for $15 each. Cost data on the motors are provided below: Sales in units per year.........................08-07-2010
4BusinessThe Maxwell Company manufactures and sells a single product. Budgeted data follow: (CPA, adapted) Forecasted annual sales volume................ &nb08-07-2010
3BusinessThe following data was provided by Green Corporation: Product A $80,000 30% Product B Product C   45% 27%   Sales in dollars........08-07-2010
5BusinessNext year, Mudd Face Cosmetics, a single product company, expects to sell 9,000 jars of miracle glaze. Mudd Face is budgeting the following operating 08-07-2010
3BusinessYou plan to invest in securities that pay 9.0%, compounded annually. If you invest $5,000 today, how many years will it take for your investment accou09-07-2010
2.5BusinessHow much would $5,000 due in 50 years be worth today if the discount rate were 7.5%? $109.51 $115.27 $121.34 $127.72 $134.45 09-07-2010
3BusinessLast year Mason Corp's earnings per share were $2.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintai09-07-2010
3BusinessFuture Value. What is the future value of Answers a. $572 invested for 5 years at 15 percent compounded annually? b. $449 invested for 15 years at 09-07-2010
3BusinessPresent Value. What is the present value of  a. $592 to be received 8 years from now at a 14 percent discount rate? b. $1167 to be received 7 y09-07-2010
5BusinessFuture Value of an Annuity. What is the future value of a. $1176 a year for 13 years at 13 percent compounded annually? b. $663 a year for 10 years09-07-2010
5BusinessPresent Value of an Annuity. What is the present value of a. $387 a year for 5 years at a 9 percent discount rate? b. $798 a year for 13 years at a09-07-2010
5BusinessHow many years will it take to grow a. $974 to a value of 4,531.43 at a compound rate of 15 percent ? b. $371 to a value of 986.28 at a compound ra10-07-2010
5BusinessInterest Rate. At what interest rate will it take to growa. $374 to a value of 1,051.94 over 12 years?b. $640 to a value of 1,817.23 over 10 years?c. 10-07-2010
5BusinessAnnuity. How many years will it take for a payment of a. $687 to grow to 9,090.91 at a compound rate of 14 percent? b. $800 from a future value of 10,10-07-2010
5BusinessAnnuity. At what interest rate will a payment of a. $683 grow to 6,890.80 over a period of 7 years? b. $558 grow to 15,610.04 over a period of 14 y10-07-2010
5Business9. Car Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per month for 2 y10-07-2010
5Business10. Car Loans. (Hint: P/Y12) How many months will you pay on a car loan of a. $14108 with a payment of 335.63 per month at 15% interest per year? b.10-07-2010
5Business11. Car Loans. (Hint: P/Y12) What is the interest rate on a loan of a. $8000 with a payment of 191.57 per month for 4 years? b. $16000 with a paymen10-07-2010
10Business27. Prepare a statement of cash flows for the Crosby Corporation. Follow the general procedures indicated in Table 2-10 on page 38.   Statement12-07-2010
9Business34. Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. Computing all the ratios (LO12-07-2010
10Business34. Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios found in the chapter. Computing all the ratios (LO12-07-2010
10BusinessGoodyear Calendar Company, calculate the 13 basic ratios found in the chapter. Computing all the ratios (LO2) Block-Hirt-Danielsen: Foundations of F12-07-2010
6BusinessYou are a hard working analyst in the office of financial operations for a manufacturing firm that produces a single product. You have developed the f12-07-2010
7Business15.13A (Break even point and operating leverage) Allison Radios manufactures a complete line of radios and communication equipment for law enforcement12-07-2010
7BusinessAllison Radios manufactures a complete line of radios and communication equipment for law enforcement agencies. The average selling price of its finis12-07-2010
5BusinessMortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage with payments of a. $3,594.47 per 12-07-2010
5Business12. Mortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage with payments of a. $3,594.47 12-07-2010
5BusinessMortgages. (Hint: P/Y12) What is the interest rate on a mortgage of a. $675439 with a payment of 3,625.90 for 30 years? b. $181181 with a payment of12-07-2010
5BusinessStock. What is the required rate of return on a stock with a a. $0.5 expected dividend and a 34 price with 7% growth? b. $0.25 expected dividend a13-07-2010
2BusinessMrs. Rafter has supplied the following data for her small business: Selling price....................... $10 per unit Variable expenses............13-07-2010
6BusinessNext year, Rad Shirt Company expects to sell 32,000 shirts. Rad is budgeting the following operating results for next year: Sales...................13-07-2010
7BusinessHoupe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit        13-07-2010
4BusinessWhat is the current value of the future payments if Jean will receive $8,500 per year for the next 15 years from her trust applying 7% interest? 15-07-2010
6Business(Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percent (with l15-07-2010
6BusinessB. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percent (with little risk – 1 percent). Calculat15-07-2010
5Business(Historic Rate of Return and Risk) Consider an investment in one of two common stocks. Given the information that follows, which investment was better15-07-2010
5BusinessConsider an investment in one of two common stocks. Given the information that follows, which investment was better, based on risk (as measured by the15-07-2010
5BusinessBond. What is the value of a $1,000 par value bond with annual payments of an a. 11% coupon with a maturity of 20 years and a 15% required return? 15-07-2010
5BusinessBond. What is the yield to maturity of a $1000 par value bond with an a. 10% semiannual coupon and 20 years to maturity and a $1,000 price? b. 6.515-07-2010
5Business(Net present value, profitability index, and internal rate of return calculations) You are considering two independent projects, project A and project15-07-2010
5BusinessYou are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $50,000 and the initial ca15-07-2010
5BusinessNet present value, profitability index, and internal rate of return calculations.You are considering two independent projects, project A and project B15-07-2010
6Business(NPV with varying rates of return) Johnson Motors is considering building a new factory to produce aluminum baseball bats. This project would require 15-07-2010
6BusinessJohnson Motors is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $5,000,0015-07-2010
6Business(NPV with varying required rates of return) Big Steve’s, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. Th15-07-2010
5BusinessBig Steve’s, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of 15-07-2010
5BusinessNPV with varying required rates of return. Big Steve’s, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. Thi15-07-2010
6Business (Weighted average cost of capital) The target capital structure for QM Industries is 40 percent common stock, 10 percent preferred stock, and 5015-07-2010
6BusinessThe target capital structure for QM Industries is 40 percent common stock, 10 percent preferred stock, and 50 percent debt. If the cost of equity for 15-07-2010
6BusinessThe target capital structure for QM Industries is 40 percent common stock, 10 percent preferred stock, and 50 percent debt. If the cost of equity for 15-07-2010
6BusinessWeighted average cost of capital. The target capital structure for QM Industries is 40 percent common stock, 10 percent preferred stock, and 50 percen15-07-2010
5Business5. (Weighted cost of capital) The capital structure for the Bias Corporation follows. The company plans to maintain its debt structure in the future. 16-07-2010
5BusinessThe capital structure for the Bias Corporation follows. The company plans to maintain its debt structure in the future. If the firm has a 6 percent af16-07-2010
5BusinessWeighted cost of capital. The capital structure for the Bias Corporation follows. The company plans to maintain its debt structure in the future. If t16-07-2010
5BusinessThe target capital structure for Jowers Manufacturing is 50 percent common stock, 15 percent preferred stock, and 35 percent debt. If the cost of equi16-07-2010
10BusinessThe Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Pe16-07-2010
10BusinessThe Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Pe16-07-2010
5BusinessTricia Corporation is a single product firm that sells its product for $2.50 per unit. Variable expense per unit at Tricia is $1.00. Tricia expects fi17-07-2010
4BusinessZanetti Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit...................... $1117-07-2010
4BusinessData concerning Sinisi Corporation's single product appear below: Selling price per unit...................... $200.00 Variable expense per unit...17-07-2010
5BusinessThe following are the year-end balances of Salter Corporation for 2006 and 2007:            &n19-07-2010
5BusinessThe following are the year-end balances of Salter Corporation for 2006 and 2007:            &n19-07-2010
5BusinessThe accounts of the Capitan Company are shown below:                 &nb19-07-2010
5BusinessThe following information is available for the Koufax Company for the year ending Dec. 31, 2007:         &nbs19-07-2010
5BusinessNovelty Gifts, Inc. is experiencing some inventory control problems. The manager, Wanda LaRue, currently orders 5,000 units four times each year to ha19-07-2010
5BusinessBroomfield Company budgeted $6,000,000 of manufacturing overhead for the current year, and 50,000 hours of direct labor (cost of $60/hour). Production19-07-2010
6BusinessMultiple-product break even analysis. Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs are $1,290,000 per year. Sales r19-07-2010
6BusinessFlorida Favorites Company produces toy alligators and toy dolphins. Fixed costs are $1,290,000 per year. Sales revenue and variable costs per unit are19-07-2010
3BusinessA corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on January 1 and July 1. If the corpor19-07-2010
4BusinessOn January 1, 2007, the Kings Corporation issued 10% bonds with a face value of $100,000. The bonds are sold for $96,000. The bonds pay interest semia19-07-2010
2BusinessWhen the market rate of interest was 11%, Welch Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-li19-07-2010
3Business(Expected portfolio return) Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expected portfolio return? AS19-07-2010
3BusinessExpected portfolio return. Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expected portfolio return? ASS19-07-2010
3BusinessMusumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expected portfolio return? ASSET PORTFOLIO WEIGHT EXPECTE19-07-2010
5BusinessYou are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% annual coupon and a 30 year or19-07-2010
2BusinessHighlight Inc. is considering an investment project with the following cash flows: YEAR           20-07-2010
2BusinessSolarlight Inc. is considering a project with the following cash flows : YEAR  Cash Flow 1          $800 20-07-2010
3BusinessAn investment pays $2,000 per year for 10 years. The payments occur at the end of each year The required rate of return in 12%. Calculate the value 20-07-2010
2.5BusinessBrentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and long term debt of $5200. What is20-07-2010
3BusinessAn investment project provides cash inflows of $830 per year for 8 years. a. What is the project payback if the initial cost is $3400? b. What if 20-07-2010
3BusinessPercy Motors has a target capital structure of 40 percent debt and 60 percent common equity, with no preferred stock. The yield to maturity on the com20-07-2010
4BusinessLife Company has had the following experience over the past five quarters: Units produced          &nbs20-07-2010
2BusinessMaxwell Electronics had net income of $15 million last year, and had 3 million common shares outstanding. They declared a 12% stock dividend. Calculat20-07-2010
1.5BusinessOne company's accounting records for the year ended Dec 31 a-         Sales revenues     20-07-2010
2.5BusinessThe cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of the year, respe20-07-2010
5Business1. When cash is paid to a creditor, the firm's liabilities decrease. True False 2. A business transaction is a financial event that affects the 20-07-2010
2BusinessThe accounts in the ledger are listed below. All accounts have normal balances. Prepare a trial balance and provide the total for the debits? Accoun20-07-2010
2BusinessRodney Rodgers plans to open a wholesale dairy products firm which will be completely financed with equity. He expects first year sales to total $5,5021-07-2010
5BusinessAlbatross Airline's fixed operating costs are $5.8 million, and its variable cost ratio is 0.20. The firm has$2 million in bonds outstanding with a co21-07-2010
2BusinessSuppose the real risk-free rate is 3.50%, the average future inflation rate is 2.25%, and a maturity premium of 0.10% per year to maturity applies, ie21-07-2010
3BusinessGeneral Cereal common stock dividends have been growing at an annual rate of 7 percent per year over the past 10 years. Current dividend is $1.70 per 21-07-2010
3BusinessA stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6 percent a 21-07-2010
4BusinessA firm has sales of $10 million, variable cost of $5 million, EBIT of $2 million, and a degree of combined leverage of 3.0. a. If the firm has no pr21-07-2010
3BusinessVCI's investment into the project would be 150,000. They estimate the total market for the film to be 100,000 units. Other data as follows: Cost of 21-07-2010
4.5BusinessHeathman Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $89.70 per unit. The 21-07-2010
5BusinessMaziarz Corporation produces and sells a single product. Data concerning that product appear below:    Selling price per unit...21-07-2010
5BusinessData concerning Strite Corporation's single product appear below:   Selling price per unit...................... $150.00 Varia21-07-2010
4BusinessSpeckman Enterprises, Inc., produces and sells a single product whose selling price is $200.00 per unit and whose variable expense is $68.00 per unit.21-07-2010
5BusinessJerrel Corporation sells a product for $230 per unit. The product's current sales are 24,000 units and its break-even sales are 17,280 units.   21-07-2010
50BusinessInventory turnover is calculated by dividing (Points: 4) Cost of goods sold by the ending inventory. Cost of goods sold by the beginning inventory22-07-2010
2BusinessFor Danks Company, sales is $500,000, variable expenses are $310,000, and fixed expenses are $140,000. Danks' contribution margin ratio is (Points: 4)22-07-2010
1.5BusinessTiny Tots Toys has actual sales of $400,000 and a break-even point of $260,000. How much is its margin of safety ratio? (Points: 4) 35%   &22-07-2010
1.5BusinessA company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $120,000. The number of units the comp22-07-2010
1.5BusinessA company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The total sales necessary to break even are (Points: 4) $480,00022-07-2010
1.5BusinessHess, Inc. sells a product with a contribution margin of $12 per unit, fixed costs of $74,400, and sales for the current year of $100,000. How much is22-07-2010
3BusinessAt the break-even point of 2,500 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit? (Points: 4) 22-07-2010
9BusinessFIN 370 Week Five A firm’s current balance sheet is as follows: a. What is the firm’s weighted-average cost of capital   Basic Finance: An 22-07-2010
5BusinessCameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $6 million to buy the machine and $10,00022-07-2010
4BusinessA stock is expected to pay $0.80 per share every year indefinitely. If the current price of the stock is $18.90, and the equity cost of capital for th22-07-2010
12BusinessCreate an Excel spreadsheet for a production plant that the company will lease for 5 years at US$1,500,000 per year; it will cost the firm US$4,000,0023-07-2010
3BusinessA firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.   A. current ratio 23-07-2010
5BusinessJohn’s Restaurants is a gourmet restaurant service located in Philadelphia, A. It has an unleveraged required return of r = 43%. John’s rebalances23-07-2010
5BusinessSuppose a firm currently has an unleveraged required return of 10% and perpetual unleveraged after-tax income of $140,301 per year. The firm has come 23-07-2010
6BusinessWater Park, Inc., a midstate Texas recreation facility, is L = 27% debt financed. It pays corporate taxes at the rate of 35%. The firm’s (leveraged)23-07-2010
3BusinessThe riskless return is 6%. The expected excess return on the market portfolio is 8%. A stock’s beta is 1.35. Calculate the cost of equity capital23-07-2010
5BusinessMaruska Corporation has provided the following data concerning its only product:   Selling price....................... $180 per un23-07-2010
3BusinessBois Corporation has provided its contribution format income statement for January. Sales.................................. $426,400 23-07-2010
3BusinessThe July contribution format income statement of Doxtater Corporation appears below: Sales.............................................. 23-07-2010
5BusinessThe Caltor company gathered the following condensed data for the years ended December 31,2007 cost of goods sold 710,000 net sales 1,279,000 administr24-07-2010
7BusinessACC 561 2-65 CVP and Break-Even,  Scenario: Phonetronix is a small manufacturer of telephone and communications devices   Axia College of 24-07-2010
6Business Phonetronix is a small manufacturer of telephone and communications devices ACC 561 2-65 CVP and Break-Even,  Scenario:  Axia Colleg24-07-2010
6Business12. A company has $6,000 share of common stock outstanding; total common stockholders' equity is $1,500,000. The book value per share of common stock 24-07-2010
4BusinessManilow Company issued $600,000, 9%, 20-year bonds on January 1, 2006, at 103. Interest is payable semiannually on July 1 and January 1. Manilow uses 24-07-2010
5BusinessFields Corporation has 20,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the stock ha24-07-2010
3BusinessA firm has notes payable of $1,546,000, long-term debt of $13,000,000, and total interest expense of $1,300,000. If the firm pays 8 percent interest24-07-2010
2BusinessA stock has an expected return of 12.25 percent. The beta of the stock is 1.15 and the risk-free rate is 5 percent. What is the market risk premium? 24-07-2010
6BusinessCommon Costs and the Death Spiral Blaine Avenue Company manufactures three products. Gross margin computations for these three products for 2006 are a26-07-2010
4BusinessA firm provides the following sales data: Expected unit Sales .... 5,000 Unit Variable Cost .... $10 Unit Selling Price ........$16 Total Fixed Cost27-07-2010
5BusinessBroomfield Company budgeted $6,000,000 of manufacturing overhead for the current year, and 50,000 hours of direct labor (cost of $60/hour). Production27-07-2010
4BusinessA company uses a process cost accounting system.  The following information is available regarding direct labor for the current year:Goods in pro27-07-2010
3BusinessThe Engine shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming perio27-07-2010
4BusinessManagerial Accounting: The following sales budget has been prepared: Month\Cash Sales\Credit Sales September\$100,000\$200,000 October\125,000\180,27-07-2010
4BusinessSapphire Company has the following date: Month\Budgeted Sales January\$108,000 February\132,000 March\144,000 April\120,000 The gross profit rat27-07-2010
2BusinessOn July 1, 2004 Jax, Inc. purchased a subsidiary at a cost of $8,200,000. The subsidiary's balance sheet reported assets and liabilities totalling $1227-07-2010
3BusinessHopi Corporation expects the following operating results for next year: Sales $400,000 Margin of safety $100,000 Contribution margin ratio 75% De27-07-2010
6BusinessDramatic Decor Co. manufactures decorative iron ornaments. In preparing for next year’s operations, management has developed the following estimates27-07-2010
9BusinessJournal entries for an enterprise fund fiscal year ended June 30, 2008   1. The general fund made a permanent contribution of $2 million for wo27-07-2010
7BusinessRoberson Company makes two types of backpacks. Data for the company’s activity during a typical month are presented below: School Model Hiker Model27-07-2010
3BusinessYou purchased 1,000 shares of Oliver Inc. common stock one year ago for $50 per share. You decided to take your profit today by selling at $55.00 per 27-07-2010
3BusinessBob's Bargain Barn issues $10,000 of 3 year 10% coupon bonds at a time when the market demands a yield of 8% on similar bonds. The bonds are issued on27-07-2010
2BusinessRandom Enterprises signed a discounted note on Jan 1, 2010 promising to pay the lender $10 million in 2 years, and will not make periodic interest pay27-07-2010
2BusinessA firm sold $500,000 of its 10% bonds for $494,650 on January 1, 2003. The bonds yielded 12% interest paid annually. What will the 2003 interest expen27-07-2010
7BusinessKirk Company issues 10 year, 10% bonds with a face value (par) of $1,000,000 for $887,000 to yield 12% annually. Interest is paid annually. After the 27-07-2010
3BusinessA company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an additional 10,000 shares. On 27-07-2010
12BusinessUyeno Electronic Company manufactures a variety of electronic components. In May 2006, the company received an invitation from Takayama Inc. to bid on27-07-2010
3BusinessFishbone Corp wants to withdraw $120,000 (including principal) from an investment fund at the end of the each year for 9 years. What should be the req27-07-2010
6BusinessThe Hillman Company sells and services lawn mowers, snow blowers, and other equipment. The service department uses a job order cost system to determin27-07-2010
3BusinessTerminator Bug Company bonds have a 14% coupon rate. Interest is paid semi-annually. The bonds have a par value $1,000 and will mature 10 years from n28-07-2010
4BusinessYou hold a $1.3 million portfolio made of the following stocks. Stock A Market Value .2 million and Beta 1.5, Stock B Market value .5 million and Beta28-07-2010
6BusinessEX 21-21 Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans.  The fixed costs are $350,000, and the sales mix28-07-2010
6BusinessCandies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans.  The fixed costs are $350,000, and the sales mix is 70% ma28-07-2010
1.5BusinessMagee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.00%. What is Magee's required return? a. 10.228-07-2010
2BusinessSuppose you hold a diversified portfolio consisting of $10,000 invested equally in each of 10 different common stocks. The portfolio’s beta is 1.12028-07-2010
4BusinessParr Paper's stock has a beta of 1.40, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If the risk-free rate is 4.00%, wha28-07-2010
1.5BusinessA stock is expected to pay a dividend of $1 at the end of the year. The required rate of return is rs = 11%, and the expected constant growth rate is 28-07-2010
10BusinessUnit 6 Assignment Questions   Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.00%. 28-07-2010
10BusinessUNIT 7 Finance Assignment 1.  You were hired as a consultant to Keys Company, and you were provided with the following data:  Target capital29-07-2010
3BusinessXYZ Company has an Accumulated Depreciation - Asset account with a balance of $22,000 on January 1, 2004 and a balance of $30,000 on December 31,29-07-2010
1.5BusinessWhat is the journal entry for the following transactions. Purchases   Materials - growing       &29-07-2010
5BusinessThe following trial balance was taken from the books of Fisk Corporation on December 31, 2007Account Debit Credit Cash $12,000 Accounts Payable 40,029-07-2010
5BusinessPresented below is certain information pertaining to Juan Company Assets, January 1           29-07-2010
5BusinessSingle-step income statement Presented below is an income statement for Morton Company for the year ended December 31,2007. Morton Company Income St29-07-2010
10BusinessACC230 WK5 Chapter 4 statement of cash flows page 141 Little Bit Inc.   Statement of cash flows (Indirect method) Chapter 4 statement of cash29-07-2010
15BusinessSelect accounts from the chart of accounts of Boyden Company are shown below 101 cash 112 accounts receivable 120 merchandise inventory 126 suppli29-07-2010
5BusinessInventory Analysis Adjusted trial balance is as follows 12/31/06 12/31/05 Cash $60,000 Cash $19,000 Inventory 32,000 Inventory 31,000 Accounts Pay29-07-2010
7BusinessThe Hobart Company incurred the following transactions during 2003   a. Acquired $50,000 of cash capital from owners b. Paid $10,000 to acquir03-08-2010
6BusinessM&M and Stock values Kyle Corporation is comparing two different capital structures, an all equity plan (plan1) and a levered plan (2) under plan,03-08-2010
7BusinessEddings Company has a beginning inventory of 400 units of product XNAa at a cost of $8.00 per unit. During the year purchased were: Feb.20.......600 03-08-2010
10BusinessOn January 1, 2007, Stavlund Corporation issued $1,400,000 face value, 12% 10 –year bonds at $1,572,048 This price resulted in an effective-interest04-08-2010
2Business How would you calculate the accounts receivable turnover ratio for 2005 based on the following info:December 31, 2005 December 31, 2004 Accts. Rece04-08-2010
7BusinessThe earnings of X Company are expected to grow at an annual rate of 14% over the next 5 years and then slow to a constant rate of 10% per year. X Comp04-08-2010
10BusinessThe transactions for the Dog Company were conducted through playing the game of Monopoly. Year 11. Owner invests $1500.2. Buy Vermont Avenue for $10004-08-2010
6BusinessChapter 12 PR 12-4B Accountings for partnerships and limited liability companies   Sadhil Rao and Lauren sails have operated    04-08-2010
3BusinessValuation Using Free Cash Flow The following free cash flows (in $ Million) are projected for the next five years. The free cash flows are expected t04-08-2010
2BusinessUsing ABB principles, justify the workforce needed for the cake decorating department within the local grocery store. The following data is avail04-08-2010
2BusinessTibbs Inc. had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total assets = $2,04-08-2010
3BusinessSuppose you take out a $10,000 loan at a 6% nominal annual rate. The terms of the loan require you to make 12 equal end-of-month payments each year fo04-08-2010
3BusinessYou just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly.  If you also add another $5,000 to the a04-08-2010
2BusinessJoe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are currently 12%, exactly how much04-08-2010
15BusinessP8-6A Emporia Middle School Emporia Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is04-08-2010
20BusinessP8-2A Winningham Company maintains a petty cash fund for small expenditures.The following transactions occurred over a 2-month period. July 1 Esta04-08-2010
3BusinessYour Company has just taken out a 1-year installment loan for $72,500. The nominal rate is 12.0%, but with equal end-of-month payments. What percentag05-08-2010
6Business XACC 280 appendix  E4-1A E Thomas Magnum on page 176-177 of Financial Accounting. Use Appendix E located on the Materials Web Page to comp05-08-2010
4BusinessDuring 2009, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2008, Edgemont had asset06-08-2010
4BusinessSteve and Ed are cousins who were both born on the same day. Both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund f06-08-2010
2BusinessKeenan Industries has a bond outstanding with 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a 6.50% no06-08-2010
3BusinessAcme Company manufactures product A that sells for $9.85 each. Forecasted sales for the coming year are 500,000 units that require 2 inspections per u06-08-2010
4BusinessExercise 3-5: Computing equivalent units of production—Weighted average L.O. C2, P4During April, the production department of a process manufacturin06-08-2010
5BusinessJoe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are currently 12%, how much does th06-08-2010
6BusinessChapter 2 B EXERCISES E2-4B Assumptions, Principles, and Constraints E2-4B Assumptions, Principles, and Constraints Presented below are the assumptio06-08-2010
6BusinessE2-7 Accounting Principles—Comprehensive Presented below are a number of business transactions that occurred during the current year for Fresh Horse06-08-2010
6BusinessE18-4B (Recognition of Profit on Long-Term Contracts) During 2007 AFCO started a construction job with a contract price of $2,500,000. The job was com08-08-2010
3BusinessA company issues bonds. The par value is $1,000.00, the coupon rate is 5.00% and the maturity is 10 years. If the company issues the bonds at a price 08-08-2010
3BusinessSelected accounts from the general ledger of Cullman Candle Company as of December 31, 2004, are shown below. Prepare the necessary closing entries. 08-08-2010
3BusinessSuppose the rate of return on a 10 year T-bond is currently 5.00% and that on a 10- year Treasury Protected Security (TIP) is 2.10%. Suppose further t08-08-2010
4BusinessOn Feb 1 2006 Company A issued 10% bonds dated Feb 1, 2006, with a face amount of $200,000. The bonds sold for #239, 588 and mature in 20 years. The e08-08-2010
6BusinessCash flows are forecasted on a project. It uses internal rate of return rule to accept or reject projects. Should this project be accepted if the requ08-08-2010
5BusinessThe white Ray Company manufactures environmentally-friendly light bulbs in a single process. The following information is available: Work in process 09-08-2010
5BusinessContribution Margin and Breakeven point Elizabeth Mc Clary recently began a small snowboard company called Pure Powder.  She and her staff have a09-08-2010
6BusinessThe USA Company manufactures flags in a single process. The following information is available.Work in process inventory, Jan. 1 --- 0 units Units st09-08-2010
7BusinessLowry Company uses a sales journal, a cash receipts journal, and a general journal to record transactions with its customers. Record the following tra09-08-2010
6BusinessOn July 31, 2008 the balances of the accounts appearing in the ledger of Odell Company are as follows: Cash        09-08-2010
7BusinessThe results of operations for last year are shown, along with selected balance sheet data. From the info, determining the amount of net cash flows pro10-08-2010
6BusinessBH Fundamentals of financial management By Eugene F. Brigham, Joel F. Houston   Fundamentals of financial management Fifth edition   C10-08-2010
3BusinessBH 2-33 FV for uneven cash flow: You want to buy a house within 3 years, and you   BH Fundamentals of financial management By Eugene F. Brigha10-08-2010
3BusinessFranklin Mining Co. has 12-year, 8% annual coupon bonds outstanding. The bonds have a current market price of $885.54 and a face value (FV) of $1,000.10-08-2010
3BusinessBallack Inc. is a 100% equity-financed company (no debt or preferred stock); hence its weighted average cost of capital (WACC) equals its cost of comm10-08-2010
3BusinessCapital Structure Weights: Taylor Inc. has the following abridged balance sheet: Current Assets = $3,600 Fixed Assets = $6,400 Total Assets $10,00010-08-2010
7BusinessPreparation of Statement of Cash Flows   Below is the income statement and balance sheet of Closely Held Corporation.  From this info10-08-2010
10BusinessRepresentatives of the various departments of Go Cycles have assembled the following data. As the business manager, you must prepare the budgeted inco11-08-2010
10BusinessA capital improvement was made to Machine B at a total cost of $20,000. This improvement increased the capacity of the machine to do work but did not 11-08-2010
7Business5 CHAPTER MERCHANDISING OPERATIONS ACCT 2102 (Fall, 2009) The adjusted trial balance of Gertz Company included the following selected accounts:  12-08-2010
0BusinessXacc280 week 6 appendix G Comprehensive problem on pp 189-190 of Financial Accounting Julie Molony opened Julie’s Maids Cleaning Service Inc  12-08-2010
10BusinessXacc280 week 6 appendix G Comprehensive problem on pp 189-190 of Financial Accounting Julie Molony opened Julie’s Maids Cleaning Service Inc  12-08-2010
5BusinessExercise 10-13  E10-13 Herzogg Company, organized in 2008, has the following transactions XACC 280 Axia College of University of Phoenix (UoP) P12-08-2010
5BusinessExercise 10-2 (E10-2) Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $5,000   Axia College of Univers12-08-2010
5BusinessXACC 280 Exercise 15-1 (E15-1) XACC 280 Financial information for Blevins Inc. is presented below XACC 280 Axia College of University of Phoenix (UoP)12-08-2010
5Business XACC 280 Exercise 15-1 (E15-1) Financial information for Blevins Inc. is presented belowAxia College of University of Phoenix (UoP)Principles of15-08-2010
5BusinessFin 110 Unit 1 After a protracted legal case, Joe won a settlement that will pay him $11,000 each year for the next ten years. If the market interest 17-08-2010
15BusinessACC 225 Assume it is Monday, May 1, the first business day of the month, and you have just been hired   COMPREHENSIVE PROBLEM PERPETUAL  17-08-2010
3BusinessACC 349 Exercise 2-4 (E2-4) Assumptions, Principles, and Constraints. Presented below are the assumptions, principles, and constraints used in this ch14-08-2010
3BusinessE2-4B (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter.   1. Ec14-08-2010
15BusinessACC 225 Final Colo Company comprehensive Problem - perpetual COMPREHENSIVE PROBLEM PERPETUAL   Financial Accounting: Larson, K. D., Wild, J. J17-08-2010
8BusinessFIN 370 Week Five A firm’s current balance sheet is as follows: a. What is the firm’s weighted-average cost of capital Basic Finance: An Introduc17-08-2010
5BusinessCH 10-2 10-3 10-4 You have just paid $20 million in the secondary market for the winning   Financial Management principles and practice: By Ga17-08-2010
5BusinessC 10-1 Three separate projects each have an initial cash outlay of $10,000. The Financial Management Principles and Practice 4th ed By Gallagher an17-08-2010
4Business9-12 Twister Corporation is expected to pay a dividend of $7 per share one year from now on its common stock, which has a current market price of $14317-08-2010
2Business9-14 Free Willy Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5%   Financial Management; Principles and Prac17-08-2010
10BusinessACG230 UNIT 3 Introduction to Accounting Doug Maltbee formed a lawn service business as a summer job. To start the business on May   Reading As18-08-2010
6BusinessPR 9-2A  Newbirth Coatings Co. purchased waterproofing equipment on Jan 2, 2009   Financial and Managerial Accounting: By Carl S. War18-08-2010
6BusinessPR 10-2A Newbirth Coatings Co. purchased waterproofing equipment on Jan 2, 2009, for   Accounting Compare 3 depreciation methods Accounting: 18-08-2010
5BusinessACC 561 Q 2-48, CVP and Financial Statements for a Mega-Brand Company, on p. 82   Axia College of University of Phoenix (UoP) Introduction to 18-08-2010
5BusinessACC 561 Q 2-48, CVP and Financial Statements for a Mega-Brand Company, on p. 82   Axia College of University of Phoenix (UoP) Introduction to 18-08-2010
4BusinessUNIT 5  CHAPTER 7 PAGES 239 – 240 7-1  Bond valuation Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annu18-08-2010
10BusinessACC 561 Question 2-61, CVP in a Modern Manufacturing Company, on p. 87   Axia College of University of Phoenix (UoP) Introduction to Managemen18-08-2010
10BusinessACC 561 week 3 Question 2-61, CVP in a Modern Manufacturing Company, on p. 87   Axia College of University of Phoenix (UoP) Introduction to Ma18-08-2010
2BusinessChapter 5,  A12. (Required Return for a Preferred Stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is non-growing18-08-2010
2Business(TCO 3) BHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities 19-08-2010
2Business(TCO 3) BHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities 19-08-2010
7Business Equivalent Units; Applying Costs-Weighted-Average Method   The PVC Company manufactures a high-equality plastic pipe in two depar19-08-2010
6Business Prepare a balance sheet and income statement for Belmond, Inc., from the following information. How much is the firm’s net working capital19-08-2010
7Business Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items.  a. What are the fi19-08-2010
8Business High-Low Method; Cost of Goods Manufactured NuWay, Inc., manufactures a single product. Selected data from the company’s cost recor19-08-2010
5Business Granite Bay Jet Ski; Inc., has three trucks. The new truck acquired on June 21 will not be depreciated this quarter. An old truck used only 19-08-2010
5Business12-10 Geyser Inc. develops and produces spraying equipment for lawn maintenance and industrial uses.  On March 3 of the current year, Geyser Inc.09-04-2012
5BusinessThe following information has been extracted from the records of Haverhill Company:   Sales $400,000 Purchases of raw materials09-04-2012
1Business Chapter 5  1. (Bond valuation) Bond A has a $1,000 face value with a remaining maturity of 10 years, a coupon rate of 7.5% and19-08-2010
4BusinessAcc 315 Cost Accounting Quiz 5A- Chapters 11 &16 Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. Du20-08-2010
4BusinessRed Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X5, the joint costs of processing 20-08-2010
3BusinessFin 335- Introduction to Financial Management Billick Brothers is estimating its WACC. The company has collected the following information:   20-08-2010
3BusinessFin 315- Introduction to Financial Management Billick Brothers is estimating its WACC. The company has collected the following information:   20-08-2010
9BusinessACC 561 Question 2-65, EXCEL Application Exercise, CVP and Break-Even 2-65 Scenario: Phonetronix is a small manufacturer of telephone and communicatio20-08-2010
9BusinessACC 561 Q 2-65, EXCEL Application Exercise, CVP and Break-Even Scenario: Phonetronix is a small manufacturer of telephone and communications devices 20-08-2010
9BusinessACC 561 Q 2-65, EXCEL Application Exercise, CVP and Break-Even Scenario: Phonetronix is a small manufacturer of telephone and communications devices 20-08-2010
5BusinessA firm’s current balance sheet is as follows: Assets $100 Debt $10 Equity $90 FIN 370 A firm’s current balance sheet is as follows: Assets $100 20-08-2010
3BusinessDuring the latest year Ruth Corp. had sales of $300000 and a net income of $20000, and its year-end assets were $200000. The firm's total debt to tota20-08-2010
3BusinessUNIT 2 Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years.  How larg21-08-2010
3BusinessUNIT 5 Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these21-08-2010
3BusinessYou were hired as a consultant to Locke Company, and you were provided with the following data: Target capital structure: 40% debt, 10% preferred, and21-08-2010
7BusinessPlainfield Bakers Inc. Manfacturres and sells a popular line of fat –free cookies under the name Aunt May’s Cookies . The process plainfield uses 22-08-2010
7BusinessACC 281 P11-1A Week 4 On January 1, 2008, the ledger of Mane Company contains the following liability accounts.   Prepare current liability ent23-08-2010
10BusinessFIN ACC 557 P11-2A The following are selected transactions of Winsky Company Axia College of University of Phoenix (UoP) Accounting Principles Fina23-08-2010
10BusinessACC 363 P 12-1A Hayslett Corporation was organized on January 1, 2006. It is authorized to   Financial Accounting: Financial Accounting II: W23-08-2010
4BusinessACC 225 QS 6-1 Tevin Trader starts a merchandising business on December 1 and enters into three inventory   ACC 225 Computing Inventory Balance25-08-2010
9BusinessACC 225 E 6-1 Lakia Corporation reported the following current-year purchases and sales data for its only   ACC 225Computing Inventory Balances25-08-2010
5BusinessAcc255 week 5 Problem 6-6BB. The records or Alaina Co. provide the following information for the year ended   Problem 6-6BB Retail inventory m26-08-2010
4BusinessAcc255 week 5 Problem 6-7BB Ernst Equipment Co. wants to prepare interim financial statements for the first quarter   Fundamental Accounting Pr26-08-2010
5BusinessB18. Default Risk. You buy a very risky bond that promises a 9.5% coupon and return of the $1,000   Chapter 5, Problems Corporate Financial Ma26-08-2010
25BusinessIntroduction to Finance Week 5 – Numerical Exercises 10 Q & A's   1. Given the following data for Gary and Co    (Mil27-08-2010
5BusinessIntroduction to Finance Week 5 – Numerical Exercises 2. Given the compressed version of balance sheet and income statement; estimate the amount of 27-08-2010
2Business3. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 an27-08-2010
0BusinessFIN 370 Week 5 Text Questions A firm’s current balance sheet is as follows: Asset28-08-2010
5BusinessFIN 370 Week 5 Text Questions A firm’s current balance sheet is as follows: Asset28-08-2010
2Business FinanceABC Health Med, has a $1,000 par value bond with an 8 percent rate outstanding. The bond has 12 years remaining to it maturity date. If i28-08-2010
3Business4. Given the following data develop weekly cash budget Minimum cash required is $50 and the beginning cash balance is $100.     &nbs28-08-2010
3BusinessIntroduction to Finance Week 5 – Numerical Exercises 5. Given the following data: 5. Given the following data: Days inventory = 103 days; Days r28-08-2010
3BusinessIntroduction to Finance Week 5 – Numerical Exercises 6. Calculate the cost of trade credit   given terms of 3/20 net 60 28-08-2010
3Business7. A firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 028-08-2010
3Business8. Given the following data: Year 0 1 2 3 4 Cash Flow 100 50 40 40 15 Calculate the payback period and the NPV (Discount rate is 15%) 28-08-2010
5Business9. The Friedman inc. has developed the following cash flows for two projects: Year Cash Flow A Cash Flow B 0 -10,000 -10,000 1 500 5000 2 500 6000 3 828-08-2010
5Business10. Given the cash flows for two projects: Year Project X Project Y 0 (100) (100) 1 20 70 2 60 40 3 80 30 Calculate the NPV and IRR for the projects. 28-08-2010
5Business10. Given the cash flows for two projects: Year Project X Project Y 0 (100) (100) 1 20 70 2 60 40 3 80 30 Calculate the NPV and IRR for the projects. 28-08-2010
7BusinessComputation of break-even –point and contribution margin ratio Plainfield Bakers Inc. Manufactures and sells a popular line of fat –free cookies 28-08-2010
6BusinessACC 281 W4 P11-1A  Mane Company Prepare current liability entries, adjusting entries, and current   Financial Accounting Transaction Anal30-08-2010
4BusinessE8-4 The editor of Spunk Magazine is considering three alternative prices for   Managerial Accounting 2nd Ed   EXCERCISE 8-4 The editor 30-08-2010
3BusinessFinance quiz unit 7   Finance 300   Fundamentals of Financial Management   You were hired as a consultant to Keys Company, and y31-08-2010
2BusinessFinance quiz unit 7   Finance 300   Fundamentals of Financial Management   UNIT 7 Haverford Company Several years ago the Haver31-08-2010
5Business Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has pr01-09-2010
9BusinessACC 280 P3-2A Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 02-09-2010
3BusinessXACC 280 E3-3 Conan Industries collected $100,000 from customers in 2008. Of the amount collected, $25,000 was from   XACC 280 E3-3 Week 3 read02-09-2010
3BusinessXACC 280 P3-4A A review of the ledger of Remington Company at December 31, 2008, produces the following   XACC 280 P3-4A Week 3 reading  02-09-2010
3BusinessFin 200 11. Jean Splicing will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest   Foundations of financial m02-09-2010
2BusinessA firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,005-09-2010
2BusinessBelow is budgeted production and sales information for Fleming Company for the month of December: Product XXX  Product ZZZ Es05-09-2010
4BusinessWilson Company is considering an investment in a machine costing $300,000.  The machine has an estimated useful life of seven years at the end of05-09-2010
3BusinessGarrison Corporation is considering the replacement of an old machine that is currently being used.  The old machine is fully depreciated but can05-09-2010
4BusinessA Boscia Corporation’s balance sheet appears below   Comparative Balance Sheet Ending Balance Beginning Balance Assets: 05-09-2010
9Business3. B  Boehning Corporation's balance sheet and income statement appear below: Comparative Balance Sheet End Balance Beg Balance05-09-2010
10BusinessOn December 31 of last year, the balance sheet of Vaslor Company had Accounts Receivable of $298,000 and a credit balance in Allowance for Uncollectib05-09-2010
6BusinessP4-2 Write journal entries for the following transactions that occurred at Woodside Company during May and explain how each would be disclosed in Wood13-11-2011
8BusinessPrecision Instruments, Inc., uses job order costing and applies manufacturing overhead to individual jobs by using predetermined overhead rates. In de06-09-2010
5BusinessMayvile Company, a sole proprietorship, reports the following information prtaining to its 2002 operating activities      &06-09-2010
6BusinessThe following T accounts summarize the flow of manufacturing costs during the current year Through the ledger accounts of Gronback Corporation: Mate06-09-2010
10Business19.5 Stop-n-Shop operates a downtown parking lot containing 800 parking spaces. The lot is open 2500 hours per year. The parking charge per car is 50 06-09-2010
9BusinessACC 561 Question 13-49 Variances Study Appendix 13. Consider the following data regarding factory overheadIntroduction to Management Accounting: Horng06-09-2010
6BusinessACC 561 QUESTION 13-45 Chan Manufacturing Company for 20X7 follow   Introduction to Management Accounting: Horngren, C. T., Sundem, G. L., Stra07-09-2010
5BusinessACC 561 Question 13-B3 Consider the following information pertaining to a year’s operations of Youngstown Manufacturing:   13-B3 COMPARISON O07-09-2010
5BusinessACC 561 EXCEL Application Exercise 12-59, Allocating Costs Using Direct and Step-Down Methods, on p. 584 Introduction to Management Accounting: Horng07-09-2010
5BusinessACC 561 2-65 CVP and Break-Even Phonetronix is a small manufacturer of telephone and communications devices Introduction to Management Accounting&nbs07-09-2010
5BusinessACC 561 Question 3-38, Mixed Cost, Choosing Cost Drivers, and High-Low and Visual-Fit MethodsIntroduction to Management Accounting: Horngren, C. T., S09-09-2010
5BusinessACC 561 Question 2-61, CVP in a Modern Manufacturing Company A division of Hewlett-Packard Company changed its production operations from Introductio09-09-2010
4BusinessB5. (Cash Flows and NPV for a New Project) Syracuse Road building Company is considering the Corporate Financial Management (3rd Edition): Emery, Dou09-09-2010
4BusinessB9. (Estimating the WACC) Fuerst Cola has 10,000 bonds and 400,000 shares outstanding. The bonds Corporate Financial Management (3rd Edition): Emery,09-09-2010
5BusinessC1. (Beta and Required Return) The riskless return is currently 6%, and Chicago Gear has estimated Corporate Financial Management (3rd Edition): Emer10-09-2010
4BusinessB20. (Constant Growth Model) Medtrans is a profitable firm that is not paying a dividend on itscommon stock Corporate Financial Management (3rd Editi10-09-2010
5BusinessB18. Default Risk. You buy a very risky bond that promises a 9.5% coupon and return of the $1,000   Chapter 5, Problems Corporate Financial Ma10-09-2010
5BusinessB16. (Interest-rate risk) Philadelphia Electric has many bonds trading on the New York Stock Exchange. Corporate Financial Management (3rd Edition): 10-09-2010
1BusinessA14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that Corporate Financial Management (3rd Edition): Emer10-09-2010
1.5BusinessA12. (Required Return for a Preferred Stock) James River $3.38 preferred is selling for $45.25. The prefer   Corporate Financial Management (3r10-09-2010
2BusinessA10. (Dividend Discount Model) Assume RHM is expected to pay a total cash dividend of $5.60 next Corporate Financial Management (3rd Edition) Emery, 10-09-2010
2BusinessA1. (Bond Valuation) A $1,000 Face Value Bond Has A Remaining Maturity Of 10 Years And ACorporate Financial Management (3rd Edition): Emery, Douglas R10-09-2010
3BusinessA2. (Comparing Borrowing Costs) Stephens Security has two financing alternatives: Corporate Financial Management (3rd Edition): Emery, Douglas R., Fi11-09-2010
3BusinessB1. (Choosing Financial Targets) Bixton Company's new chief financial officer is evaluating Bixton'sCorporate Financial Management (3rd Edition): Emer11-09-2010
3BusinessA1. (Net Income and Net Cash Flows) Julie Stansfield has a bicycle rental shop with annual revenues Corporate Financial Management (3rd Edition): Eme11-09-2010
3BusinessA5. (Investment criteria) Compute the NPV, IRR, and payback period for the following investment.Corporate Financial Management (3rd Edition): Emery, D11-09-2010
3BusinessA4.(Investment Criteria)An investment of $100 returns exactly $100 in one year. The cost of capital isCorporate Financial Management (3rd Edition): Em11-09-2010
2Business(Calculating the WACC) The required return on debt is 8%, the required return on equity is 14%, and the marginal tax rate is 40%. If the firm is finan11-09-2010
3BusinessAA4. (Estimating the WACC with three sources of capital) Eschevarria Research has the capital structure given here. If Eschevarria’s tax rate is 30%11-09-2010
5BusinessACC 281 week 4 P11-1A On January 1, 2008, the ledger of Mane Company contains the following liability accounts. Financial Accounting Transaction Anal11-09-2010
5BusinessACC 281 P10-3A On January 1, 2008, Pele Company purchased the following two machines for use in its production process Financial Accounting Transacti11-09-2010
5BusinessACC 281 E10-13 Herzogg Company, organized in 2008, has the following transactions related to intangible Financial Accounting Transaction Analysis: We11-09-2010
3BusinessACC 281 E 10-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased Principles of Accounting: Weygandt, J. J., Kim11-09-2010
5BusinessACC 281 The ledger of Hixson Company at the end of the current year shows accounts receivable 120,000,   ACC 281 E9-3 Journalize entries to rec11-09-2010
5BusinessXACC 280 Week 6 Julie Molony opened Julie’s Maids Cleaning Service Inc. on July 1, 2008. During July, the company XACC 280 Week 6 Financial Accou12-09-2010
5BusinessXACC 280 E4-1 The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, are as follows: Financial Accounting Concepts and Prin12-09-2010
5BusinessXACC 280 Week 3 P3-1A MASASI COMPANY, INC. Trial Balance June 30, 2008 Account Number Debit Credit 101 Financial Accounting Concepts and Principles: 12-09-2010
5BusinessXACC 280 XACC 280 Week 2 P2-2A Jane Kent is a licensed CPA. During the first month of operations of her business, Jane Kent, Financial Accounting Con12-09-2010
5BusinessACC 280 / XACC 280 E10-13 Herzogg Company, organized in 2008, has the following transactions related to Principles of Accounting: Weygandt, J. J., Ki12-09-2010
5BusinessFIN 370 Week 5 A firm’s current balance sheet is as follows: a. What is the firm’s weighted-average cost of capital   Basic Finance: An Int12-09-2010
5BusinessACC 280 P10-5A At December 31, 2008, Jimenez Company reported the following as plant assets. XACC 280 P10-5A At December 31, 2008, Jimenez Company r13-09-2010
5BusinessACC 280 E10-9 Presented below are selected transactions at Ingles Company for 2008. Jan. 1 Retired   XACC 280 E10-9 Presented below are selected13-09-2010
5BusinessACC 280 E10-7 Brainiac Company purchased a delivery truck for $30,000 on January 1, 2008.The XACC 280 E10-7 Brainiac Company purchased a delivery truc13-09-2010
5BusinessACC 280 E10-13 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Company, organized in 20013-09-2010
3BusinessACC 280 Exercise 10-2 Trudy Company incurred the following costs. XACC 280 Exercise 10-2 Trudy Company incurred the following costs. ACC 280 E10-2 13-09-2010
5BusinessACC 280 E15-11 Scully Corporation’s comparative balance sheets are presented below. XACC 280 E15-11 Scully Corporation’s comparative balance shee13-09-2010
3BusinessACC 280 Exercise 15-9 The income statement for Christensen, Inc., appears below XACC 280 Exercise 15-9 The income statement for Christensen, Inc., a13-09-2010
4BusinessACC 280 E15-7 Bennis Company has the following comparative balance sheet data. XACC 280 E15-7 Bennis Company has the following comparative balance s13-09-2010
5BusinessFIN 200 2-27,28, 29 Prepare a statement of cash flows for the Crosby Corporation   Complete Problems 27, 28, and 29 on pp. 51-53.   Fin14-09-2010
5BusinessA companies balance sheet has 3 components on the right side. Based on the information below, determine the firms WACC   a. there are 10000 sha17-09-2010
9BusinessThe Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all sold at the sa17-09-2010
5BusinessCompany A has WACC 10%. The firm follows a policy of adding or subtracting 3% to adjust for the risk of projects (classified as average, high, and low17-09-2010
4BusinessWhat is the standard deviation of the following scenario, given that the expected value is $100? State Probability NPV GOOD 0.25 150$ Neutral .50 100$17-09-2010
5BusinessFIN 200 W2  P3-34. Using the financial statements for the Goodyear Calendar Company, calculate the 13 basic ratios Computing all the ratios &nbs17-09-2010
5BusinessFIN 200 CP 4-1 The Landis Corporation had 2008 sales of $100 million FIN 200 FIN 200 CP 4-1 Introduction to Finance: Harvesting the Money Tree Axi17-09-2010
5BusinessFin 200 Week 4 5- 13 Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of   FIN 200 Week 4 Tuto17-09-2010
5BusinessFIN 200 Week 5 Lear, Inc., has $800,000 in current assets, $350,000 of which are considered permanent   FIN 200 WEEK 5   Introduction to17-09-2010
5BusinessFIN 200 7-17 Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects   FIN 200 Week 6   Che17-09-2010
5BusinessFIN 200 7-17 Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects   FIN 200 Week 6   Che17-09-2010
5Business Details: Consider the following scenario: Andre has asked you to evaluate his business, Andre’s Hair Styling. Andre has five barbers 18-09-2010
5BusinessFIN 200 Week 7 Midland Chemical Co. is negotiating a loan from Manhattan Bank and Trust. The small chemical   CheckPoint: Loan Scenario  19-09-2010
5BusinessFIN 200 Week 9 3. You will receive $5,000 three years from now. The discount rate is 8 percent. Fin 200 Week 9 day 5 chapter 9 Fin 200 Week 9 Intr19-09-2010
5BusinessACC 280 / XACC 280 Problem P15-1 Comparative statement data for Douglas Company and Maulder Company, two competitors, appear Axia College of Universi19-09-2010
5BusinessACC 280 E15-2 Operating data for Gallup Corporation are presented below. XACC 280 E15-2 Operating data for Gallup Corporation are presented below. &19-09-2010
5BusinessACC 280 E15-1 Financial information for Blevins Inc. is presented below XACC 280 E15-1 Financial information for Blevins Inc. is presented below &nb19-09-2010
3BusinessACC 280 Exercise 8-5 Listed below are five procedures followed by The Beat Company. XACC 280 Exercise 8-5 Listed below are five procedures followed b19-09-2010
5BusinessACC 280 E6-5 Catlet Co. uses a periodic inventory system. Its records show the following for the XACC 280 E6-5 Catlet Co. uses a periodic inventory 19-09-2010
5BusinessACC 280 Exercise 6-12 Staley Watch Company reported the following income statement data for a 2- XACC 280 Exercise 6-12 Staley Watch Company reported19-09-2010
5BusinessACC 280 Exercise 15-3 The comparative condensed balance sheet of Conard Corporation are XACC 280 Exercise 15-3 The comparative condensed balance she20-09-2010
3BusinessACC 280 Brief Exercise 8-5 Mingenback Company has the following internal control procedures XACC 280 Brief Exercise 8-5 Mingenback Company has the fol20-09-2010
3BusinessACC 421 Week 2 E2-2 (Qualitative Characteristics) The qualitative characteristics that make   ACC 421 W2 Tutorial ACC 421 Week 2 Individual a20-09-2010
4BusinessACC 421 Week 2 E2-4 (Assumptions, Principles, and Constraints) Presented below are the assumptions,   ACC 421 Week 2 Individual assignment &nb20-09-2010
3BusinessFIN 419 FIN 419 Chapter 4 P4–23 Funding your retirement You plan to retire in exactly 20 years. Your Chapter 4 P4–23 Finance for Decision maki21-09-2010
5BusinessFIN 419 week 3 Tutorial   FIN 419 Chapter 4 P4–32 Funding budget shortfalls As part of your personal budgeting process, FIN 419 C4 P4–32 21-09-2010
5BusinessFIN 419 WEEK 3 Chapter 6 P6–15 Basic bond valuation Complex Systems has an outstanding issue of   FIN 419 WEEK 3 Chapter 6 P6–15 Basic bon21-09-2010
3BusinessFIN 419 Week 3 Chapter 7 P7–6 Common stock valuation - Zero growth Scotto Manufacturing is a   FIN 419 Week 3 TUTORIAL FIN 419 Week 3 SOLUTI21-09-2010
5BusinessACC 280 E4-9 The adjusted trial balance for Apachi Company is presented in E4-8. XACC 280 E4-9 The adjusted trial balance for Apachi Company is prese22-09-2010
5BusinessACC 280 Problem 5-7A At the beginning of the current season, the ledger of Village Tennis Shop XACC 280 Problem 5-7A At the beginning of the current22-09-2010
5BusinessACC 280 Exercise 5-16 This information relates to Martinez Co. XACC 280 Exercise 5-16 This information relates to Martinez Co. XACC 280 E5-16 Martin22-09-2010
3BusinessFIN 419 Chapter 4 P4–48 Monthly loan payments Tim Smith is shopping for a used car. He has found FIN 419: Finance for Decision making   FIN23-09-2010
5BusinessFIN 419 Chapter 4 P4–46 Loan amortization schedule Joan Messineo borrowed $15,000 at a 14% annual rate   FIN 419 Finance for Decision ma23-09-2010
5BusinessACC 280 Problem 4-3A The completed financial statement columns of the worksheet for Woods Company, Inc.   XACC 280 Problem 4-3A The completed f23-09-2010
3BusinessB1. (Beta) What is the beta of an asset whose correlation coefficient with the market portfolio’s   B1. (Beta) What is the beta TUTORIAL B1.23-09-2010
4BusinessB2. (Dividend Policy) A firm has 20 million common shares outstanding. It currently pays out $1.50   B2. Dividend Policy A firm has 20 million 23-09-2010
5BusinessACC 280 Ethics Case BYP 9-6 The controller of Ruiz Co. believes that the yearly allowance for doubtful XACC 280 Ethics Case BYP 9-6 The controller of23-09-2010
2BusinessA5. (Cost of limited partner capital) What is the cost of limited partner capital if a limited partner invests $50 million at time zero and receives n23-09-2010
2BusinessA5. (Cost of limited partner capital) What is the cost of limited partner capital if a limited partner invests $50 million at time zero and receives n23-09-2010
5BusinessACC 280 Problem 4-2A (P4-2A) The adjusted trial balance columns of the worksheet for Porter Company are as follows.   XACC 280 Problem 4-2A (P424-09-2010
5BusinessACC/561 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead: Question 13-49, Variances, on p. 622 3. Individu24-09-2010
5BusinessA1. (Bond Covenants) Dallas Instruments has a large bond issue whose covenants require: (1)that   ANSWER KEY   Corporate Financial Manag24-09-2010
5BusinessACC 561 Question 13-48 Study Appendix 13. Consider the following data for the Rivera Company:   Overhead Variances   ACC 561 Q13-48 Stud24-09-2010
2BusinessA12. (Cost of bank loan) A bank loan agreement calls for an interest rate equal to prime rate plus 1%.A12. (Cost of bank loan) Individual assignment:24-09-2010
5BusinessACC 561 QUESTION 13-45 Chan Manufacturing Company for 20X7 follow   Introduction to Management Accounting: Horngren, C. T., Sundem, G. L., Stra24-09-2010
2BusinessACC 280 Brief Exercise 15-10 McLaren Corporation has net income of 11.44 million and net revenue   XACC 280 Brief Exercise 15-10  McLaren24-09-2010
2BusinessA3. (Cash Conversion Cycle) Lasser has collected some information about a food wholesaler in   A3. Cash Conversion Cycle Lasser   Chapte24-09-2010
1BusinessOne company's accounting records for the year ended Dec 31 a-         Sales revenues     26-09-2010
1BusinessO'Shea Enterprises started the 2002 accounting period with $30,000 of assets (all cash), $18,000 of liabilities, and $4,000 of common stock. During th26-09-2010
1BusinessOrville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through Department no. 1, with subsequen26-09-2010
0BusinessOrville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through Department no. 1, with subsequen26-09-2010
1BusinessOrville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through Department no. 1, with subsequen26-09-2010
5BusinessACC 561 Question 13-B3 Consider the following information pertaining to a year’s operations of Youngstown Manufacturing:   13-B3 COMPARISON O27-09-2010
5BusinessFIN ACCT 557 P11-2A The following are selected transactions of Winsky Company.   FIN ACC 557 P11-2A Winsky Company Accounting Principles Fin27-09-2010
5BusinessACC 280 Ethics Case BYP 9-6 The controller of Ruiz Co. believes that the yearly allowance for doubtful XACC 280 Ethics Case BYP 9-6 The controller of27-09-2010
5BusinessFIN ACC 557 Problem 6-3A Eddings Company has a beginning inventory of 400 units of product XNA at a cost of FIN ACCT 557 P6-3A Eddings Company P6-3A27-09-2010
5BusinessACC 363 P 12-1A Hayslett Corporation was organized on January 1, 2006. It is authorized to   ACC 363 P 12-1A Hayslett Corporation   Fina27-09-2010
3BusinessACC 363 E12-2 Garza Co. had the following transactions during the current period.   ACC 363 E12-2 Garza Co   Axia College of University 27-09-2010
5BusinessACC 363 Problem 10-3A On January 1, 2006, Solomon Company purchased the following   ACC 363 P10-3A On January 1, 2006, Solomon Company purchas28-09-2010
5BusinessACC 363 E10-6 Presented below are selected transactions at Thomas Company for 2006. ACC 363 E10-6 Thomas Company Axia College of University of Phoen28-09-2010
7BusinessACC 363 P14-7A The financial statements of Ernest Banks Company appear below. indirect method.ACC 363 P14-8A Data for Ernest Banks Company is presente28-09-2010
5BusinessACC 363 P11-7A On July 1, 2006, S. Strigel Chemical Company issued $5,000,000 face value, 10%, 10-   ACC 363 P11-7A S. Strigel Chemical Company28-09-2010
1Business1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 2) The net present val29-09-2010
5BusinessP12-11A The comparative balance sheets for Ramirez Company as of December 31 are presented below.   ANSWER KEY P12-11A The comparative balance 30-09-2010
2.5BusinessExercise 11-8 Wells Fargo & Company headquartered in San Francisco is one of the nations   E11-8 Wells Fargo & Company   Financi30-09-2010
3BusinessFIN 370 5-5A (Compound annuity) What is the accumulated sum of each of the following streams of   FIN 370 5-5A (Compound annuity) Axia College30-09-2010
3BusinessFIN 370 5-6A. Present value of an annuity (Present value of an annuity) What is the present value of the following annuities?   FIN 370 5-6A. (30-09-2010
3BusinessFIN 370 5-4A (Present value) What is the present value of the following future amounts?   FIN 370 5-4A (Present value) Axia College of Univers30-09-2010
4.5BusinessP 9-5 (gross profit method) On April 15, 2011, fire damaged the office and warehouse of Stanislaw Corporation.   P 9-5 (gross profit method) St30-09-2010
3BusinessFIN 370 4-2A (Pro forma accounts receivable balance calculation) On March 31, 2003, the Sylvia Gift Shop   FIN 370 4-2A (Pro forma accounts rec30-09-2010
10BusinessFIN 571 Week 4 Chapter 8 MINI CASE  DIVISIONAL COST OF CAPITAL A recent annual report for Diageo PLC explains that its investments are expected t01-10-2010
2.5Business5.1 Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually...? Jackson Corporation's bonds have 12 years remaining01-10-2010
4Business5.5 Treasury bond that matures in 10 years has a yield of 6%. A 10 year corporate bond has a yield of 9%. Assume that the liquidity premium on the cor01-10-2010
2Business6.3 Risk free rate is 5 and the market risk premium is 6 What is the expected return for the overall stock market What is the required rate of return 01-10-2010
5Business6.4 A stock's returns have the following distribution: Demand for Probability of Rate of return Company's this Demand if this demand Products Occurrin01-10-2010
8BusinessACC 230 4.5. The following comparative balance sheets and income statement are available for Little Bit Inc   ACC 230 4.5Little Bit Inc  01-10-2010
7BusinessThe balance sheet that follows indicates the capital structure for Nealon. Inc.   Comprehensive problem Nealon. Inc   Foundations of fin02-10-2010
2.5BusinessFIN BUS401 P13-2 (Flotation cost and issue size) Your firm needs to raise $10million. Assuming that flotation costs are   FLOTATION COSTS AND I02-10-2010
4.5BusinessThe House cost 159,000. Down payment is 31,800   Calculate the amount you will need to save each month if you want to buy that house in 5 years02-10-2010
2.5BusinessFIN 571 CHAPTER 5 A1. (Bond Valuation) A $1,000 face value bond has a remaining maturity of 10 years and a required   FIN 571 C5 A1. (Bond Valu02-10-2010
2.5BusinessFIN 571 CHAPTER 5 A10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60 next   FIN 571 CH5 A10. (Dividend02-10-2010
1BusinessFIN 571 CHAPTER 5 A14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred   FIN 571 CH5 A14. (Stock valuation) Suppose Toy02-10-2010
1BusinessFIN 571 CHAPTER 5 A12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25 FIN 571 CH5 A12 James River   02-10-2010
5BusinessFIN 571 CHAPTER 5 B16. (Interest-rate risk) Philadelphia Electric has many bonds trading on the New York Stock   FIN 571 CHAPTER 5 B16. (Intere02-10-2010
4BusinessFIN 571 CHAPTER 5 B18. (Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000   B18. (Default risk) You 02-10-2010
4.5BusinessFIN 571 CHAPTER 5 B20. (Constant growth model) Medtrans is a profitable firm that is not paying a dividend on its   B20. (Constant growth model02-10-2010
3BusinessACC 349 E2-4 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter.  02-10-2010
5BusinessACC 349 E2-7 Accounting Principles—Comprehensive Presented below are a number of business transactions ACC 349 EXERCISE 2-7 (Accounting Principles02-10-2010
5BusinessE18-4B (Recognition of Profit on Long-Term Contracts) During 2007 AFCO started a construction job with a contract price of $2,500,000. The job was com02-10-2010
1Business1) What is the primary goal of financial management? A. Maximizing shareholder wealth B. Minimizing risk of the firm C. Increased earnings D. 03-10-2010
1Business1. A convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is 40. The stock current03-10-2010
1Business1. What is the Future Value at the end of 17 years of depositing $1,750 into a  Mutual Fund today, assuming the fund is expected to earn 12% a ye03-10-2010
1Business1. Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. break-even sales in units=   2. Given: S03-10-2010
1BusinessFV of uneven cash flow: You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5000 at the end o03-10-2010
1Business1. Given the compressed version of balance sheet and income statement; estimate the amount of external financing needed to increase sales by 20% next 03-10-2010
1Business1. Given the compressed version of balance sheet and income statement; estimate the amount of external financing needed to increase sales by 20% next 03-10-2010
1Business1. Historic Rate of Return and Risk…… Consider an investment in one of two common stocks. Given the information that follows, which investment was03-10-2010
1Business1. Select the incorrect statement about the master budget. a. The master budget is a group of detailed budgets and schedules representing the compan03-10-2010
1Business1. Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units. 2. Given: Sa03-10-2010
0Business1. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 an03-10-2010
1Business1. You will receive $5,000 three years from now. The discount rate is 8 percent. a. What is the value of your investment two years from now? Multipl03-10-2010
1Business1. Given the following data develop weekly cash budget Minimum cash required is $50 and the beginning cash balance is $100.     &nbs03-10-2010
1Business1. If you invest $9,000 today, how much will you have? a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. In 203-10-2010
1Business1. Present Value of an Annuity. What is the present value of a. $387 a year for 5 years at a 9 percent discount rate? b. $798 a year for 13 years at03-10-2010
1Business5-1A. (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 10 years at 10 percent compounded annually03-10-2010
1Business5-4A. (Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the pres03-10-2010
1Business 5-6A. (Present value of annuity) What is the present value of the following annuities? a. $2,500 a year for 10 years discounted back to the present03-10-2010
1Business5-5A. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $500 a year for 10 years compounded annually at03-10-2010
5BusinessE9-12B (Retail Inventory Method—Conventional and LIFO) Davis Company began operations on January 1, 2006   B EXCERCISES   E9-12B (Reta04-10-2010
5BusinessE9-8B (Gross profit method) McGriff requires an estimate of the cost of goods lost by fire on March 9.   E9-8B (Gross profit method) McGriff re04-10-2010
5BusinessP7-4A Select accounts from the chart of accounts of Boyden Company are shown below   Accounting Principles: Weygandt, Kieso, Kimmel 8th Editio04-10-2010
6BusinessThe Hobart Company incurred the following transactions during 2003:a. Acquired $50,000of cash capital from ownersb. Paid $10,000 to acquire manufactur05-10-2010
5BusinessFIN ACC 557 Problem 6-3A Eddings Company has a beginning inventory of 400 units of product XNA at a cost of FIN ACCT 557 P6-3A Eddings Company P6-3A05-10-2010
0Business1. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 an05-10-2010
1Business1. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 an05-10-2010
1Business1. Given the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables = 81 days Calculate the cash conversi05-10-2010
1Business1. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose?05-10-2010
1Business1. Calculate the cost of trade credit given terms of 3/20 net 60. 05-10-2010
1Business1. A firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 005-10-2010
1Business1. Given the following data: Year 0 1 2 3 4 Cash Flow 100 50 40 40 15.     Calculate the payback period and the NPV (Discount rate is05-10-2010
1Business9-12. Twister Corporation is expected to pay a dividend of $7 per share one year from now on its common stock, which has a current market price of $1405-10-2010
1Business9. Car Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per month for 2 y05-10-2010
1Business1. The Friedman inc. has developed the following cash flows for two projects: Year Cash Flow A Cash Flow B 0: -10000, -10000; 1: 500, 5000; 2: 500, 6005-10-2010
1Business10-13. Herzog Company, organized in 2008, has the following transactions related to intangible assets. 1/2/08 - Purchased patent (7-year life) - $5605-10-2010
1Business1. Car Loans. (Hint: P/Y12) How many months will you pay on a car loan of… a. $14108 with a payment of 335.63 per month at 15% interest per year? 05-10-2010
5BusinessProblem 4-1 Set up the following in T-account form and determine the ending balances insofar as these accounts are concerned. (Not all balance sheet a23-10-2010
1Business1. Given the cash flows for two projects: Year Project X Project Y 0 (100) (100) 1 20 70 2 60 40 3 80 30 Calculate the NPV and IRR for the projects. T05-10-2010
1Business1. Car Loans. (Hint: P/Y12) What is the interest rate on a loan of a. $8000 with a payment of 191.57 per month for 4 years? b. $16000 with a payment05-10-2010
6BusinessE 13-25 Cash flows from operations (Direct Method) Neil brown is the proprietor of a small company   E 13-25 Neil brown is the proprietor of a 06-10-2010
1Business12-59. Allocating Costs Using Direct and Step-Down Methods Goal: Create an Excel spreadsheet to allocate costs using the direct method and the step do06-10-2010
5BusinessRogers Manufacturing Corporation uses a job order costing system with normal costing, applying overhead to production at a rate of 140% of direct labo06-10-2010
5BusinessWaldron Company manufactures a single product that it sells for $20.00. The variable costs to manufacture one unit are as follows: direct materials, $06-10-2010
3BusinessBE 24-4 Hannon Company expects to produce 1,200,000 units of Product XX in 2008. Monthly production is expected to range from 80,000 to 120,000 units.06-10-2010
1Business12. Mortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage with payments of a. $3,594.47 10-10-2010
1Business12-B2. Allocation of Service Department Costs : Antonio Cleaning provides cleaning services for a variety of clients. The company has two producing d10-10-2010
1Business13-45. Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow:   Sales: 12,000 units at $17 each Actual production&n10-10-2010
1Business13.9) Manufacturing overhead--over/under-applied. Hartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours requi10-10-2010
1Business13.20) Cost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs during March: Selling expense10-10-2010
1Business13. Mortgages. (Hint: P/Y12) What is the interest rate on a mortgage of a. $675439 with a payment of 3,625.90 for 30 years? b. $181181 with a paymen10-10-2010
1Business16. Stock. What is the growth rate of the stock with a a. $2.5 expected dividend and a 39 price with 15% required return? b. $2 expected dividend an10-10-2010
1Maths You are given three white balls, one red ball, and two identical boxes. You are asked to distribute the balls in the boxes in any way you like. You 10-10-2010
1Business15. Stock. What is the required rate of return on a stock with a a. $0.5 expected dividend and a 34 price with 7% growth? b. $0.25 expected dividend10-10-2010
1MathsA list of presidents, with the number of children for each, follows: 1. Washington, 0 2. J. Adams, 5 3. Jefferson, 6 4. Madison, 0 5. Monroe, 2 6. J. 10-10-2010
1Business21.  Two projects have the following NPVs and standard deviations:     Project A Project B NPV 200 300 10-10-2010
1Maths a. Use the characteristics below in the Reasons for No Internet Access to draw a bar graph of the number data. Describe how you handled the smaller 10-10-2010
1Maths The data shown estimate the number of flea eggs produced over a period of days. Day No. of Eggs 1 436 2 495 3 575 4 444 5 754 6 915 7 945 8 655 9 7810-10-2010
1MathsThe names and ages for each person in a family of five follow: Dick is 40, Jane is 36, Kirk is 8, Jean is 6 and Scott is 2. a. What is the mean age? b10-10-2010
1Maths a. Use the following data to justify the amount of time that you expect to assign for weekly homework to classes in grades K–4 and grades 5–8. N10-10-2010
1Maths a. Discuss when a pictograph might be more appropriate than a circle graph. b. Discuss when a circle graph might be more appropriate than a bar grap10-10-2010
1MathsCarl had scores of 90, 95, 85, and 90 on his first four tests. a. Find the median, mean, and mode. b. Carl scored a 20 on his fifth exam. Which of the10-10-2010
1Business25) The theory of the term structure of interest rates which suggests that long-term rates are determined by the average of short-term rates expected 10-10-2010
1MathsFollowing are the men’s gold-medal times for the 100 m run in the Olympic games from 1896 to 2003, rounded to the nearest tenth. Construct an ordere10-10-2010
1Maths In an open refrigerator, there are seven different types of diet soda, four different types of regular soda, and two types of bottles of water. a. S10-10-2010
1Business Question Details:           Listed below in alphabetic order are the unadjusted accounts of 12310-10-2010
1BusinessQuestion   Houpe Corporation produces and sells a single product. Data concerning that product appear below: Per Unit     10-10-2010
1BusinessPorto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during the current fiscal year are a10-10-2010
1BusinessCash flow versus earnings   A1. Quick, the president of a New York Stock Exchange-listed firm, is very short term oriented and interested in th10-10-2010
1BusinessA1. (Bond Covenants) Dallas Instruments has a large bond issue whose covenants require:   1) that DI's interest coverage ratio exceeds 4.0; 10-10-2010
1BusinessA1. (Net Income and Net Cash Flows) Julie Stansfield has a bicycle rental shop with annual revenues of $200,000. Cash operating expenses for rent, lab10-10-2010
1BusinessA2. (Comparing borrowing costs) Stephens Security has two financing alternatives:   1) A publicly placed $50 million bond issue. Issuance costs10-10-2010
1Business  Problem 22-2               Comparative balance sheets for 2003 and 200210-10-2010
1BusinessA3. (Cash conversion cycle) Dennis Lasser has collected some information about a food wholesaler in order to estimate its cash conversion cycle. The a10-10-2010
3BusinessC17 Four Seasons Company makes snow blowers. Materials are added at the beginning of the process   Four Seasons Company makes snow blowers. Mat12-10-2010
3BusinessExercise 2-6   From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.   Balance Sheet Pr15-10-2010
3BusinessUse the following info to prepare a classified balance sheet for Steller Company at the end of 2008.   Accounts Receivable   &nb15-10-2010
10BusinessEureka enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of the company, with balances on Jan. 1, 2008, are as follow16-10-2010
4BusinessEric's Bike Shop, Inc. A friend of yours has prepared the following balance sheet for his bicycle shop but it has problems   A friend of yours 16-10-2010
10BusinessACC300 P1-30A O'Shea Enterprises started the 2002 accounting period with $30,000 of assets   ACC300 PROBLEM 1-30A Interrelationships among Fina16-10-2010
3BusinessThe following balance sheet was prepared by the bookkeepers for Brown Company as of December          &16-10-2010
3BusinessE 2-6 Simon Company   Exercise 2-6   Balance Sheet Preparation   p. 63   From the following data, prepare a classifi16-10-2010
8BusinessE8-19 (FIFO and LIFO Effects) You are the vice-president of finance of Sandy Alomar Corporation, a retail company that prepared two different schedule16-10-2010
2BusinessThe Computation of cost of goods sold in each schedule is based on the following data   Sales cost of gross ($5 per unit) goods sold margin 17-10-2010
7BusinessE 13-25 Cash flows from operations (Direct Method)   E 13-25 Neil brown is the proprietor of a small company. The results of operations for las17-10-2010
8BusinessProblem 7-26A Comprehensive accounting cycle problem (uses percent of revenue allowance method) L.O. 2, 4, 5   Problem 7-26A Lakeview Sales an17-10-2010
4BusinessSeattle Chocolates for the year ended December 31, 2002:   The following are selected items from the accounting records of Seattle Chocolates f17-10-2010
5BusinessTwo companies that have been competitors for many years recently decided to quit fighting each other and merge into one company. The companies were lo18-10-2010
7BusinessGerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2007, financial sta18-10-2010
1BusinessA4. (Investment Criteria)An investment of $100 returns exactly $100 in one year. The cost of capital is 10%.   a. What are the payback, NPV, 18-10-2010
3BusinessPerrson Company makes two types of backpacks. Data for the company's activity during a typical month are presented below:    19-10-2010
5BusinessBerry Company produces a single product. The projected income statement for the coming year is as follows:Sales (50,000 units @ $45) $2,250,000 Less:19-10-2010
3BusinessCalculate the accounting break-even point for the following firm: revenues of $ 700,000, $ 100,000 fixed costs, $ 75,000 depreciation, 60% variable co19-10-2010
1BusinessHess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. Ho19-10-2010
1.5BusinessDisney’s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to incr19-10-2010
1.5BusinessHartley, Inc. has one product with a selling price per unit of $200, the unit variable cost is $75, and the total monthly fixed costs are $300,000. Ho19-10-2010
3BusinessBlue Mountain Power Company obtained authorization to issue 20-year bonds with a face value of $10 milion. The bonds are dated May 1,2002, and have a 19-10-2010
2BusinessBE 3-9 The adjusted trial balance of Lumas Company at December 31, 2002, includes the following accounts   BE 3-9 Lumas Company   Financ21-10-2010
3BusinessSanchez Company reported the following operating results for two consecutive years.   Vertical Analysis   Sanchez Company reported the 21-10-2010
3BusinessThe following cash-basis income statement has been prepared for the first year of business.   Smart Mail, Inc. Statement of Cash Receipts and21-10-2010
5BusinessP 4-2. Write journal entries for the following transactions that occurred at Woodside Company during May and explain how each would be disclosed in Wo23-10-2010
7BusinessKey Energy Group Ratios as of 05/04/08 price ratios company industry S&P 500 current P/E Ratios...Calculated growth rate blows up the model?...Eva23-10-2010
3BusinessHarness Corp. has contracted with Tharp Contractors to build a new building. The building is scheduled for completion in two years. Tharp has given Ha23-10-2010
5BusinessStiner Builders contracted to build a high-rise for $14,000,000. Construction began in 2007 and is expected to be completed in 2010. Data for 2007 an23-10-2010
5BusinessOn February 1,2007, Nance Contractors agreed to construct a building at a contract price of $6,000,000. Nance estimated total construction costs would23-10-2010
3BusinessWindom Co. as lessee records a capital lease of machinery on January 1,2008. The seven annual lease payments of $350,000 are made at the end of each y23-10-2010
2Business2-23 FV for uneven cash flow: You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5000 at the24-10-2010
5BusinessACC 226 wk 3 Exercise 11-1 11-7   Exercise 11-1 Exercise 11-7   CheckPoint: Classifying Liabilities and Preparing Payroll Entries &nbs24-10-2010
10BusinessManagerial Decision Making World of Cakes Ltd, a cake retailer, is considering leasing a machine from a leasing company to make cakes that have photo25-10-2010
3BusinessGolden Swimming Corporation is considering the purchase of a new pool heater at a cost of $15,000. It should save $3,000 in cash operating costs per y25-10-2010
5Business 1) Performance reports _____.      A. ignore areas that are presumed to be running smoothly      B25-10-2010
1BusinessA company had 120,000 shares of common stock outstanding on January 1 and then sold 40,000 additional shares on March 30.  Net income for the yea25-10-2010
1BusinessDuring periods of inflation which method would yield the largest ending inventory and cost of goods sold?        25-10-2010
1BusinessIf a bond is selling at 102, it is selling at:         a. maturity value and yields a 2% interest rate.  &nb25-10-2010
3BusinessShown below is information relating to the stockholder's equity of Amsterdam Corporation as of December 31, 2005: 8% cumulative preferred stock, $1025-10-2010
3BusinessACC 281 E 10-2 Trudy Company      incurred the following costs. 1. Sales tax on factory machinery purchased $5,000   E 10-26-10-2010
4BusinessOn April 2, 2005, Empress, Inc. acquired a new price of filtering equipment.  The cost of the equipment was $110,000 with a residual value of $2026-10-2010
3Business1. If total liabilities decreased by $25,000 during a period of time and owner's equity increased by $30,000 during the same period, the amount and di26-10-2010
5BusinessPart I  You are advising company X on its merger and acquisition case. The buyer company offers X two options. Option #1 is $100 million cash at 26-10-2010
5BusinessJane makes production plans for next month but she does not know what the output’s price will be next month. She believes there is a 50% chance pric26-10-2010
6BusinessP7-10 (Comprehensive Receivables Problem) Connecticut Inc. had the following long-term receivable account balances at December 31, 2006.   P7-126-10-2010
5BusinessYoshika Landscaping is contemplating purchasing a new ditch-digging machine that promises savings of $5,600 per year for 10 years.   Cost and Q26-10-2010
2BusinessLassen Corporation issued ten-year term bonds on January 1, 20x7, with a face value of $800,000. The face interest rate is 6 percent and interest is p26-10-2010
2BusinessSuffolk Corporation issued $96,000 of 20-year, 6 percent bonds at 98 on one of its semi-annual interest dates. The straight-line method of amortizatio26-10-2010
1.5BusinessPfister, Co. leases an office to a tenant at the rate of $5,000 per month. The tenant contacted Pfister and arranged to pay the rent for December 200426-10-2010
5BusinessE 4-1WK 5 On December 31, 2006, Matt Morgan completed the first year of operations for his new computer retail store. The following data were obtained26-10-2010
3BusinessE 7-6 wk 5 On June 24, 2006, Doxey Company sold merchandise to Nathan Ray for $40,000 with terms 2/10, n/30. On June 30, Ray paid $12,000 on his accou26-10-2010
2BusinessExercise 7-8 Wk 5 The trial balance of Stardust Company at the end of 2006 fiscal year included the following account balances   E7-8 Stardust 27-10-2010
3BusinessPractice Exercise 21-1 Inventory Turnover Using the following annual information, calculate inventory turnover for (1) raw materials inventory, (2) wo27-10-2010
2BusinessIf you take out an $8,000 loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment? What is the effective annual 27-10-2010
3BusinessAmortizing Loan.  You take out a 30 year $100,000 mortgage loan with an APR of 6% and monthly payments.  In 12 years you decide to sell your27-10-2010
1BusinessA 6 year Circular File bond pays interest of $80 annually and sells for $950.  If Circular file wants to issue a new 6 year bond at face value, w27-10-2010
4BusinessSeveral years ago, Castles in the Sand, Inc. issued bonds at face value at a yield to maturity of 7%.  Now with 8 years left until the maturity o28-10-2010
5BusinessBarney Corporation began business on Jan 1, 2006. The company has released the following financial statements for 2006 and 2007 and has the following 28-10-2010
2BusinessChuck McElravy owns Common Grounds Coffee House, near the campus of Manatee College. The business has cash of $2,000 and furniture that cost $8,000. D29-10-2010
2BusinessMichaels Corporation expects earnings before interest and taxes to be $40,000 for this period. Assuming an ordinary tax rate of 40 percent, compute th29-10-2010
5BusinessBuilding Financial Models. The following tables contain financial statements for Dynast tics Corporation. Although the company has not been growing, i29-10-2010
2BusinessAt January 1, 1993, the credit balance in the Allowance for Doubtful Accounts of Kap Shin Co. was $400,000.  For 1993, the provision for doubtful29-10-2010
5BusinessCooper Office Supplies is considering a more liberal credit policy in order to increase sales.  The following data is available for the company 29-10-2010
3BusinessThe trial balance before adjustment of Don Quixote, Inc shows the following balances: Accounts  Receivable has a debit balance of $90,000, Allowa29-10-2010
1.5BusinessDuring the month of June, Heather’s Boutique had cash sales of $243,800 and credit sales of $137,800, both of which include the 6% sales tax that mu29-10-2010
3BusinessCheryl Dillon Company purchases equipment on January 1, Year 1 at a cost of $469,000.  The asset is expected to have a service life of 12 years a29-10-2010
5BusinessACC 280 P4-1A Thomas Magnum began operations as a private investigator on January 1, 2008. The trial balance columns of the worksheet for Thomas Magnu31-10-2010
7BusinessE4−11 Fontillas Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges.   E4−11 Compute ov13-07-2012
5BusinessXACC 280 appendix d, P3-1A Masasi Company Inc., at June 30   ACC 280 week 3 checkpoint, updated P3-1A Masasi Company Inc., at June 30   31-10-2010
5Business13-B3 Comparison of Variable Costing and Absorption Costing   Acc 561 Week 5   Question 13 B:   13-B3 Comparison of Variable Cost01-11-2010
5Business13-45 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Question 13-45   13-45 V01-11-2010
5Business13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company   Acc 561 Week 5   Question 13-48 Rivera01-11-2010
5Business13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead   Acc 561 Week 5   Question 13-49:   101-11-2010
15BusinessACCOUNTING 561 Week 5  13 B3   13-45  13-48  13-49   Question 13 B3:   13-B3 Comparison of Variable Costing and01-11-2010
7BusinessUnit 3 analyzing Financial statements quiz   Unit 3 Finance   1. Superior Medical System's 2005 balance sheet showed total common equity02-11-2010
7BusinessUnit 3 Finance   Unit 3 analyzing Financial statements quiz     1. Superior Medical System's 2005 balance sheet showed total commo02-11-2010
5BusinessBYP 6-4   BYP 6-4 On April 10, 2008, fire damaged the office and warehouse of Inwood Company. Most of the accounting records were destroyed, b02-11-2010
3BusinessE1-1 Urlacher Company performs the following accounting tasks during the year   ACC 280 XACC 280   E1-1 Urlacher Company performs the 03-11-2010
2BusinessE1-5 Meredith Cleaners has the following balance sheet items. Accounts payable            &nbs03-11-2010
3BusinessFuture Value Problem You invest $ 2,500 a year for three years at 8 percent.   Foundations of Financial Management (Book: 12 edition by Stanle11-11-2010
2BusinessPresent Value Problem What is the present value of: a. $8,000 in 10 years at l percent? b. $16,000 in 5 years at 12 percent? c. $25,000 in 15 year11-11-2010
2BusinessPresent Value Problem What is the present value of: a. $8,000 in 10 years at l percent? b. $16,000 in 5 years at 12 percent? c. $25,000 in 15 year11-11-2010
2BusinessFuture Value You invest a single amount of $12,000 for 5 years at 10 percent  You invest a single amount of $12,000 for 5 years at 10 percent. A11-11-2010
1.5BusinessPresent Value Mrs. Crawford will receive $6,500 a year for the next 14 years from her trust. If an 8 percent interest rate is applied, what is the cu11-11-2010
1.5BusinessPresent Value John Longwaite will receive $100,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 11-11-2010
3BusinessACC 226  Q13-2 Check Point: Stock Issuances, Dividends, and Splits   Q 13-2 Prepare the journal entry to record each separate transaction.11-11-2010
3Business13-2Check Point: Stock Issuances, Dividends, and Splits Prepare the journal entry to record each separate transaction.   ACC 226 Q13-2Check Poi11-11-2010
1BusinessACC226 Q 13-4 Prepare journal entries to record the following transactions for Skylar Corporation   ACC 226 Q13-4 Skylar Corporation   C11-11-2010
1Business13-4 Prepare journal entries to record the following transactions for Skylar Corporation   ACC226 Q 13-4 Prepare journal entries to record the 12-11-2010
3BusinessACC 226 Q 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   Check Point: Stock Issuances, D12-11-2010
3Business13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   ACC 226 Q 13-5 The stockholders’ equity12-11-2010
3BusinessACC226 E13-3 Prepare journal entries to record the following four separate issuances of stock   Check Point: Recording and Calculating Stocks 12-11-2010
3BusinessE13-3 Prepare journal entries to record the following four separate issuances of stock   ACC226 E13-3 Prepare journal entries to record the fol12-11-2010
5BusinessACC226 Exercise 13-7 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock   Check Point: Recordi12-11-2010
5BusinessExercise (E) 13-7 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock   ACC226 Exercise 13-7 On12-11-2010
10BusinessACC226 Q13-2, 13-4, 13-5, E13-3, E13-7 on pp.528, 529 and 530.   Check Point: Stock Issuances, Dividends, and Splits Complete Quick Study ques12-11-2010
10BusinessQ13-2, 13-4, 13-5, E13-3, E13-7 on pp.528, 529 and 530.   ACC226 Q13-2, 13-4, 13-5, E13-3, E13-7 on pp.528, 529 and 530.   Check Point: 12-11-2010
5BusinessCase 18-2 Cost and Qualitative Factors in Capital Investment Decisions. Yoshika Landscaping is contemplating purchasing   Case 18-2 Cost and Qu12-11-2010
5BusinessYoshika Landscaping is contemplating purchasing Case 18-2 Cost and Qualitative Factors in Capital Investment Decisions.   Case 18-2 Cost and Qu12-11-2010
8Business1. What is the Future Value at the end of 17 years of depositing $1,750 into a Mutual Fund today, assuming the fund is expected to earn 12% a year? &12-11-2010
3BusinessCoach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to w13-11-2010
4BusinessThe Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Working th13-11-2010
3BusinessThe following information has been taken from the perpetual inventory system of Select Mfg. Co. for the month ended August 31   Calculation of 13-11-2010
3BusinessListed below are nine technical accounting terms introduced or emphasized in this week’s reading assignment:Product costs, Period costs, direct labo13-11-2010
2BusinessUsing the code letters below, indicate in the space provided how each of the following costs should be classified in the indicated manufacturing compa13-11-2010
1BusinessConway Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor13-11-2010
3BusinessMason Co. uses a job order cost accounting system. At year-end the Work-in-Process Inventory controlling account showed a debit balance of $28,750. Fo13-11-2010
2BusinessLakeside Company's budget for the coming year includes $8,000,000 for manufacturing overhead, 100,000 hours of direct labor, and 500,000 hours of mach13-11-2010
4BusinessAmortization schedule  Set up an amortization schedule for a $25,000 loan to be repaid in equal Amortization schedule  a. Set up an amor14-11-2010
3BusinessInterest rate premiums A 5-year Treasury bond has a 5.2 percent yield. A 10-year Treasury bond yields 6.4 percent, and a 10-year corporate bond yields14-11-2010
5BusinessLast year Gator Getters, Inc. had $50 million in total assets. Management desires to increase its plant and equipment during the coming year by $12 mi14-11-2010
2BusinessDupont Analysis A company has a ROA of 10%, a 2% profit margin, and a ROE of 15%.What is its total assets turnover?15-11-2010
1.5BusinessMB and share price  Calculate the price of a share of the company's common stock by using this information - stockholders equity = $3.75 billion 15-11-2010
4BusinessReturn on equity and quick ration:  A company has sales of $200,000, a net income of $15,000 and the following balance sheet:   Cash  15-11-2010
4BusinessCurrent Ratio:  A company has $1,312,500 in current assets and $525,000 in current liabilities.  Its initial inventory level is $375,000, an15-11-2010
6BusinessRatio Analysis  a. Calculate the indicated ratios for the company (see the last table)   a. Calculate the indicated ratios for the compan15-11-2010
4BusinessOn January 1, 2002, Iio Corporation has assets equal to four times the amount of its liabilities. Total liabilities on January 1, 2002 are $1,000,000.15-11-2010
3BusinessGolden Swimming Corporation is considering the purchase of a new pool heater at a cost of $15,000. It should save $3,000 in cash operating costs per y15-11-2010
5BusinessThe following comparative income statement (in thousands of dollars) for the fiscal years 2003 and 2004 was adapted from the annual report of Speedway16-11-2010
5BusinessThe following selected data were taken from the financial statements of Berry Group Inc. for December 31, 2008, 2007, 2006:      16-11-2010
3BusinessBuellton Welding Corp. sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Buellton Weldi16-11-2010
3BusinessSports Car Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Sports Car16-11-2010
4BusinessMoro Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Moro Bay during the current fiscal year are as 16-11-2010
2BusinessSports Car Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Sports Car16-11-2010
5BusinessThe weighted average cost of capital is used as a discount rate because A) It is an indication of how much the firm is earning overall. B) as long16-11-2010
1BusinessThe following is the adjusted trial balance for Steely Company.   Steely Company Adjusted Trial Balance For the Year ended December 31, 2008 16-11-2010
2BusinessThe accounts in the ledger of Mickeys Park Co. are listed in alphabetical order. All accounts have normal balances. Accounts Payable 50016-11-2010
2BusinessThe accounts in the ledger of Mickeys Park Co. are listed in alphabetical order. All accounts have normal balances. Accounts Payable 50016-11-2010
2BusinessThe accounts in the ledger of Mickeys Park Co. are listed in alphabetical order. All accounts have normal balances. Accounts Payable 500 16-11-2010
2BusinessThe Kennedy Company sold land for $60,000 in cash.  The land was originally purchased for $40,000, and at the time of the sale, $15,000 was still16-11-2010
5BusinessConstant-Growth Model. Here are data on two stocks, both of which have discount rates of 15 percent   Q-20 Constant-Growth Model   Const16-11-2010
1.5BusinessLone Star Co. has $1000 par value bonds outstanding at 9% interest. The bonds will mature in 20 years. Computer the current price of the bonds if the16-11-2010
2BusinessEssex Biochemical Co has a $1000 par value bond outstanding that pays 10% annual interest. The current yield to maturity on such bonds in the market i16-11-2010
1.5BusinessProblem 19 Heather is considering a bond investment in Locklear Airline. The 1000 par value bonds have a quoted annual interest rate of 9% and interes16-11-2010
7BusinessGiven the following data, prepare an income statement and balance sheet for calendar 2007 in as much detail as possible for Washburn’s, a retailing 16-11-2010
1BusinessLast year, Dulce Company recorded sales of $450,000 and average productive assets of $120,000.  What was Dulce's margin if its ROI was 15%?16-11-2010
2BusinessTango Company manufactures staplers and currently is operating at 70% of its capacity of 100,000 units.  It has received an offer from a foreign 20-11-2010
3BusinessIsadora, Inc. is evaluating a division's performance using both ROI and residual income.  Using a cost of capital of 11%, the residual income is 20-11-2010
3BusinessMeacham Company has traditionally made a part for its major product.  Annual production of 20,000 parts resulted in the following costs:  20-11-2010
2BusinessAlto Company consists of the Red River Division and the White Mountain Division.  Red River    produces and sells 100 pound bags o20-11-2010
2BusinessDexter, Inc., is planning to introduce a new product line. Current plans call for the production and sale of 1,000 units, with estimated production co20-11-2010
3BusinessChapter 12-11. Calculating WACC. Find the WACC of William Tell Computers.   12-11 Calculating WACC.   12-11 William Tell Computers Fi20-11-2010
3BusinessCost of Equity. Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems. Its earnings and dividends have bee21-11-2010
4BusinessExamine the following book-value balance sheet for University Products, Inc. What is the capital structure of the firm on the basis of market values? 21-11-2010
1BusinessChapter 13-6 Voting for Directors. If there are 10 directors to be elected and a shareholder owns 100 shares, indicate the maximum number of votes tha21-11-2010
2BusinessBond Yields. Other things equal, will the following provisions increase or decrease the yield to maturity at which a firm can issue a bond? a. a call22-11-2010
2BusinessBankruptcy. True or False? a. when a company becomes bankrupt, it is usually in the interests of the equity holders to seek a liquidation rather than 22-11-2010
2BusinessEquity Return and Leverage. The common stock and debt of Northern Sludge are valued at $70 million and $30 million, respectively. Investors currently 22-11-2010
3BusinessBelow is selected information from Tricrop. Year 1 Year 2 Net operating assets /common equity 1.37 1.53 Net operating profit margin 19% 21% Incom22-11-2010
5BusinessSellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of Sellograph’s sales are on credit. &nb22-11-2010
5BusinessTo avoid any uncertainty regarding his business’ financing needs at the time when such needs may arise, Cyrus Brown wants to develop a Cash Budget f22-11-2010
5BusinessCyrus Brown Manufacturing (CBM).   To avoid any uncertainty regarding his business’ financing needs at the time when such needs may arise, C23-11-2010
2BusinessExplain the three parts of the statement of cash flows23-11-2010
4BusinessDetermine the loan payment and amortize the loan for borrowing $7,000 for one year at 6% using Excel. Monthly Payments = 602.47  PV = 7,000 Rat23-11-2010
3BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n23-11-2010
15BusinessA-1 Photography Accounting Practice   Accounting TransactionsDocument 1A-1 Photography Interoffice MemorandumTo: Student Date: September 1, 20023-11-2010
3BusinessThe following are a few of the accounts of Hope-Smith Company: 1. Accounts Payable            24-11-2010
3BusinessMatch each ratio or percentage with its formula by entering the appropriate letter for each numbered item. 1. Net profit margin    &nb24-11-2010
4BusinessAccrual basis accounting, the matching principle, income statements   Accounting or Finance Questions   A. Which of the following is not24-11-2010
7BusinessA.  Briefly distinguish between managerial and financial accounting in terms of (a) the intended users of the information and (b) the purpose o24-11-2010
6BusinessSwish Watch Corporation manufactures, sells, and services expensive, ugly watches. The company has been in business for three years. At the end of the25-11-2010
4BusinessA condensed balance sheet for Kellwood Company and a partially completed vertical analysis is presented below.     Required:1. Complete25-11-2010
8BusinessManufacturing Cost Flows After a dispute concerning wages, Orville Arson tossed an incendiary device into the Sparkle Company’s record vault  25-11-2010
1BusinessE 10-15 Assume that General Motors Corporation’ comparative   E10-15 General Motors Corporation Assume that General Motors Corporation’ co26-11-2010
6BusinessP 10-4B January 2 20X4 Makinthosh speed Co. purchased a used trailer at a cost of $63,000. before placing the trailer in service, the company spent $226-11-2010
4BusinessBTC has 500,000 shares of stock outstanding that sell for $85 per share. Assuming no market imperfections or tax effect exists, what will the share pr26-11-2010
3BusinessThe balance sheet for Magic Carpet is shown below in market value terms there are 20,000 shares of stock outstanding   Regular dividends  26-11-2010
2BusinessDiscuss which method (FIFO or LIFO) would be preferred for income tax purposes in periods of rising prices and declining prices.26-11-2010
3BusinessA company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007.  Interest is paid on June 30 and December 31. The proceeds from26-11-2010
6Business1. A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007.  Interest is paid on June 30 and December 31. The proceeds f26-11-2010
3BusinessThe 12% bonds payable of Keane Co. had a carrying amount of $832,000 on December 31, 2006. The bonds, which had a face value of $800,000, were issued 26-11-2010
1BusinessFor a firm that expects earnings of $10.00 per share, has a plowback ratio of 40%, a return on equity of 20%, and a required return of 10%.  Calc26-11-2010
2BusinessCalculate the accounting break-even point for the following firm: revenues of $ 700,000, $ 100,000 fixed costs, $ 75,000 depreciation, 60% variable co26-11-2010
1BusinessA stock sells for $ 28.50 and earned 1.80 per share during the current year.  (a) What is the price/earnings (P/E) ratio for this firm? 26-11-2010
1.5BusinessA company issued a bond having a par value of $1,000, a 15 year life and a 10% coupon rate. If interest is paid semiannually and the discount rate for26-11-2010
1.5BusinessAbbot Enterprises issued a bond having a par value of $1,000, a 7 year life and a 12% coupon rate. If interest is paid annually and the discount rate 26-11-2010
4BusinessWhat is the value of a common stock that recently paid a $2.00 dividend per share, and has a constant growth rate of 4% if the discount rate is 12.5%?26-11-2010
3BusinessWhat is the fair value of the stock for which no dividend will be paid for next four years, but $2.00 dividend per share will be paid 5 years from now26-11-2010
3BusinessABC Incorporated is a computer firm specializing in P.C.s that have 9 billion K in random access memory. This is a new firm that will pay no dividend 26-11-2010
1.5BusinessA company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for the stock is 11%, what is the st26-11-2010
1BusinessFind the fair value of a perpetual bond which pays $100 every year forever.  The discount rate for the bond is 8%.26-11-2010
2BusinessDavid Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company’s outstanding bonds is 9%, and th26-11-2010
10BusinessP4-2A (1) POERTER COMPANY WEEK 4 Team Excercise REVISED  29-11-2010
5Business BTC has 500,000 shares of stock outstanding that sell for $85 per share. Assuming no market imperfections or tax effect exists, what will the share 29-11-2010
5BusinessThe earnings, dividends, and stock price of Shelby Inc. are expected to grow at 7% per year in the future   9-10 Cost of Equity Corporate Fina29-11-2010
5BusinessThe earnings, dividends, and stock price of Shelby Inc. are expected to grow at 7% per year in the future   9-10 Cost of Equity Corporate Fina29-11-2010
4BusinessP10-12 Spencer Supplies stock is currently selling for $60 a share. The firm is expected to earn $5.40 per share this year and to pay a year-end divid29-11-2010
1Business10-13 Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $3.00 per share and 5%, r29-11-2010
6BusinessA company is considering a high-tech project lasting five years. The project requires $800,000 of initial investment and generates net cash flows of $29-11-2010
2BusinessWarr Corporation just paid a dividend of $1.60 a share. The dividend is expected to grow 6% a year for the next 3 years and then at 5.5% a year therea30-11-2010
2BusinessHarrison Clothier’s stock currently sells for $22 a share. It just paid a dividend of $1.00 per share. The dividend is expected to grow at a constan30-11-2010
1.5BusinessSmith Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6% per year ind30-11-2010
2BusinessWhat will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of par, and a current market pri30-11-2010
1BusinessThe Heuser Company’s currently outstanding bonds have a 10% coupon and a 11% yield to maturity. Heuser believes it could issue new bonds at par that30-11-2010
1BusinessPercy Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to maturity on the company’s outst30-11-2010
9Business1 Warr Corporation just paid a dividend of $1.60 a share. The dividend is expected to grow 6% a year for the next 3 years and then at 5.5% a year ther30-11-2010
20BusinessCASE 3 QUESTIONS RIO GRANDE MEDICAL CENTER Cost Allocation Concepts   CASE 3 QUESTIONS RIO GRANDE MEDICAL CENTER Cost Allocation Concepts &n01-12-2010
5BusinessA2. (Bond valuation) Find the missing information for each of the following bonds   A2. (Bond valuation) EXCEL SOLUTION   Corporate Fina02-12-2010
5BusinessA2. (Bond valuation) EXCEL SOLUTION   Corporate Financial Management, Third Edition - Chapter 5 - Solutions in excel LEVEL A (BASIC)  02-12-2010
3BusinessA1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and arequired return of 9%.   LEVEL A (BASIC) 5A1. (Bond va02-12-2010
3BusinessA1. (Bond valuation) Solutions in excel   A1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and arequired retu02-12-2010
3BusinessA3. (Bond valuation) General Electric made a coupon payment yesterday on its 6.75% bonds that mature in 8.5 years   A3. General Electric Corpo02-12-2010
3BusinessChapter 5 A3- (Bond valuation)  General Electric solutions in excel A3. (Bond valuation) General Electric made a coupon payment yesterday on its02-12-2010
3BusinessA4. (Bond valuation) RCA made a coupon payment yesterday on its 6.25% bonds that maturein 11.5 years.   Corporate Financial Management, Third E02-12-2010
3BusinessChapter 5 - A4. (Bond valuation) RCA made Solutions in excel A4. (Bond valuation) RCA made a coupon payment yesterday on its 6.25% bonds that maturei02-12-2010
2BusinessA5. (Yield to maturity) New Jersey Lighting has a 7% coupon bond maturing in 17 years.   Corporate Financial Management, Third Edition – Ch02-12-2010
2BusinessChapter 5 - A5. (Yield to maturity) New Jersey Lighting Solutions in excel A5. (Yield to maturity) New Jersey Lighting has a 7% coupon bond maturing02-12-2010
5BusinessA6. (Yield to maturity) Marstel Industries has a 9.2% bond maturing in 15 years.   Corporate Financial Management, Third Edition – Chapter 03-12-2010
3BusinessA7. (Yield to maturity) Kraft’s 5.75% coupon bond that matures in five years is selling for 98.   Corporate Financial Management, Third Editi03-12-2010
3BusinessChapter 5 - A7. (Yield to maturity) Kraft’s 5.75% Solutions in excel A7. (Yield to maturity) Kraft’s 5.75% coupon bond that matures in five years03-12-2010
2BusinessA8. (One-period dividend discount model) Mead is expected to pay a $1.40 dividend in the next year and to sell for $68.00 in one year   Corpora03-12-2010
2BusinessChapter 5 - A8. (One-period dividend discount model) Mead is- Solutions in excel A8. (One-period dividend discount model) Mead is expected to pay a $03-12-2010
2BusinessA9. (Two-period dividend discount model) New England Electric has projected dividends of$2.72 in one year and $3.10 in two years   Corporate Fi03-12-2010
2BusinessChapter 5 - A9. (Two-period dividend discount model) New England Electric - Solutions in excel   A9. (Two-period dividend discount model) New E03-12-2010
3BusinessWolverine Corporation plans to pay a $3 dividend per share on each of its 300,000 shares next year.   Business Finance   Answer Key: &n03-12-2010
3BusinessThe Mori Egg Noodle Company has the following equity accounts on its balance sheet: Common stock ($10 par, 300,000 shares) $ 3,000,000   ANSWER03-12-2010
3BusinessLenberg Lens Company believes in the “dividends as a residual” philosophy of dividend policy   Answer Key:   Lenberg Lens Company be03-12-2010
2BusinessA10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60   Corporate Financial Management, Third Edition –03-12-2010
2Business Chapter 5 - A10. (Dividend discount model) Assume RHM - Solutions in excel A10. (Dividend discount model) Assume RHM is expected to pay a total c03-12-2010
1.5BusinessA11. (Expected return) Northern States Power has a projected dividend of $3.60 next year.   Corporate Financial Management, Third Edition - Cha03-12-2010
1.5BusinessA11. (Expected return) Northern States Power has a projected dividend of $3.60 next year.   Corporate Financial Management, Third Edition – 03-12-2010
2BusinessA12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25.   Corporate Financial Management, Third Edition03-12-2010
2BusinessA13. (Required return for a preferred stock) Sony $4.50 preferred is selling   Corporate Financial Management, Third Edition – Chapter 5 - 03-12-2010
2BusinessA14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that pays a $1.00   Corporate Financial Managemen03-12-2010
2BusinessA15. (Stock valuation) Let’s say the Mill Due Corporation is expected to pay a dividend of $5.00 per year on its common stock forever into the futur03-12-2010
2BusinessChapter 5 - A15. (Stock valuation) Let’s say the Mill Due Corporation - Solutions in excel   Corporate Financial Management, Third Edition 03-12-2010
2BusinessA16. (Growth rate) Suppose Toshiba has a payout ratio of 55% and an expected return on its future investments of 15%. What is Toshiba’s expected gro03-12-2010
2Business Chapter 5 - A16. (Growth rate) Suppose Toshiba has - Solutions in excel    Corporate Financial Management, Third Edition – Chapter 503-12-2010
2BusinessA17. (Valuing a perpetual bond) Suppose a bond pays $90 per year forever. If the bond’s required return is 10.3%, what is the bond selling for in th03-12-2010
20BusinessChapter 5 Corporate Financial Management, Third Edition   LEVEL A (BASIC)   A1. (Bond valuation) A $1,000 face value bond has A2. (Bond04-12-2010
20BusinessLEVEL A (BASIC)   Chapter 5 Corporate Financial Management, Third Edition A1. (Bond valuation) A $1,000 face value bond has a remaining maturi04-12-2010
20BusinessChapter 5 Corporate Financial Management, Third Edition   LEVEL A (BASIC)   A1-A17   Solutions in EXCEL A1. (Bond valuation) A $04-12-2010
3BusinessA5. (Required return) According to the CAPM, what would be the required return on an asset that has a   FIN 571 CHAPTER 7 A5   UOP FIN 504-12-2010
10BusinessUOP FIN 571 5-A5, *B19, 6-A1, 7-A5   Chapter 5 *A5. (Yield to maturity) New Jersey Lighting has a 7% coupon bond maturing in 17 years. The curr04-12-2010
10BusinessFIN 571 5-A5, *B19, 6-A1, 7-A5   UOP   Chapter 5 *A5. (Yield to maturity) *B19. (Constant growth model) Chapter 6 *A1. (Realized ret04-12-2010
5BusinessFIN/200 WEEK NINE CAPSTONE CH10. You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and inve04-12-2010
5BusinessACC 280 - Problem P15-6, 6th edition of Weygandt, Kimmel, Kieso05-12-2010
5BusinessFIN 370 15-12A (Break-even point) You are a hard working analyst in the office of financial operations for a manufacturing firm that produces a single08-12-2010
5Business15-12A Break-even point. You are a hard working analyst in the office of financial operations for a manufacturing firm that produces a single product.08-12-2010
5BusinessBreak-even point You are a hard working analyst in the office of financial operations for a manufacturing firm that produces a single product.  08-12-2010
5BusinessYou are a hard working analyst in the office of financial operations for a manufacturing firm that produces a single product.   FIN 370 15-12A 08-12-2010
5BusinessFIN 370 15.13A (Breakeven point and operating leverage) Allison Radios manufactures a complete line of radios and communication equipment for law enfo08-12-2010
5Business15-13A Breakeven point and operating leverage - Allison Radios manufactures a complete line of radios and communication equipment for law enforcement 08-12-2010
5BusinessBreakeven point and operating leverage - Allison Radios manufactures a complete line of radios and communication equipment for law enforcement agencie08-12-2010
5BusinessAllison Radios manufactures a complete line of radios and communication equipment for law enforcement agencies.   FIN 370 15-13A (Breakeven poi08-12-2010
5BusinessWK 5FIN 370 Assignment from reading Finance 370 Week 5 Text Problem 3 Axia College material   3. A firm's current balance sheet is as follows08-12-2010
7BusinessFin 370 WK 3 4-6A (Cash budget) The Sharpe Corporation’s   4-6A (Cash budget) The Sharpe Corporation’s projected sales for the first eight08-12-2010
7Business 4-6A (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:   Fin 370 WK 3 4-6A (Cash b08-12-2010
7BusinessThe Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:   Fin 370 WK 3 4-6A (Cash budget) The Sharpe Cor08-12-2010
5BusinessEXERCISE 25-11 Seattle Roast Coffee Company produces Columbian coffee in batches of 8,000 pounds.   Financial Accounting    Warr08-12-2010
5Business25-11 Seattle Roast Coffee Company produces Columbian coffee in batches of 8,000 pounds.   Financial Accounting    Warren, Reeve08-12-2010
5BusinessPR 25-1A On March 1, Midway Distribution Company is considering leasing a building and buying the necessary equipment to operate a public warehouse &09-12-2010
3BusinessPR 25-4B The management of Caribbean Sugar Company is considering whether to process further raw sugar into refined sugar.   ACCOUNTING QUESTIO09-12-2010
5BusinessProblem 9-5A The following transactions, adjusting entries and closing entries were completed by Trailways Furniture Co. during a 3yr period   09-12-2010
10Business4. (Interest-rate risk) The New York Stock Exchange trades many Oregon Timber bonds.   With identical coupon rates of 8.075%, Oreg10-12-2010
1.5BusinessFor next year, Fleming Company has budgeted sales of 40,000 units, target beginning finished goods inventory of 2,000 units, and an ending finished go14-12-2010
1BusinessThe direct materials usage budget is based on a. the units to be produced during a period. b. budgeted sales dollars. c. the predetermined facto14-12-2010
2BusinessLayne Cedar manufactures cedar chests. The estimated number of chests for the first three months of 20x4 are as follows: Month    &nb14-12-2010
2BusinessAspen Inc., manufactures 10,000 computer chips. Currently, the costs per unit are as follows: Direct materials       &14-12-2010
2BusinessLink, Corp., has contacted Aspen with an offer to sell 10,000 of the chips for $22.00 per chip. If Aspen accepts the proposal, $30,000 of fixed overhe14-12-2010
3BusinessGiven the following information. Price variance: 12,000 F Usage variance: 9,000 F The standard cost for material is $2 per pound and three pounds per 14-12-2010
8BusinessABC Company's management wants to determine if Division B should be eliminated. The following data are available (in thousands): Contribution Margin14-12-2010
5BusinessMetals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp. has a 14 percent coupon rate, semi an14-12-2010
5Business(Constant growth model) While Dynamic Designs is profitable, it is not paying a dividend on its common stock. Joe Neimer, an analyst for Schwab, belie15-12-2010
5BusinessWhile Dynamic Designs is profitable, it is not paying a dividend on its common stock. Joe Neimer, an analyst for Schwab, believes that Dynamic Designs15-12-2010
3Business(Dividend discount model) Greta’s Coffee Roaster has experienced recent growth, which is expected to continue at a 5% rate per year forever. Next ye15-12-2010
3BusinessGreta’s Coffee Roaster has experienced recent growth, which is expected to continue at a 5% rate per year forever (Dividend discount model) (Divid15-12-2010
3Business (Bond valuation) Compute the fair value of the following bond: The bond has a face value of $1,000 face value, 10 years remaining to maturity, a15-12-2010
3BusinessCompute the fair value of the following bond (Bond valuation) (Bond valuation) Compute the fair value of the following bond: The bond has a face val15-12-2010
5BusinessB 15(Excel: Cash management) DeFusco Partners uses a rule-based model to manage its cash position   CORPORATE FINANCE MANAGEMENT LEVEL B Thi15-12-2010
5Business(Excel Cash management) DeFusco Partners uses a rule-based model to manage its cash position   CORPORATE FINANCE MANAGEMENT LEVEL B Third Ed15-12-2010
5BusinessDeFusco Partners uses a rule-based model to manage its cash position. It has established a minimum cash balance of $200,000, a maximum cash balance of15-12-2010
3BusinessA9 (Cost of trade credit) Trade credit terms are 2/10, net 40.   CORPORATE FINANCE MANAGEMENT LEVEL B Third Edition, by Douglas R.Emery, Joh15-12-2010
5BusinessA5.  (Cash conversion cycle) The Mennen Corporation is interested in examining its cash conversion cycle.   LEVEL A (BASIC)   Corpo15-12-2010
7BusinessExercise 2-9 The Kellogg Company manufacturers cold cereal products, such as Frosted Flakes and Special K   Finance Accounting - Exercise 2-9 15-12-2010
8Business Chapter 7-1. (Beta and required return) Piper’s Knits has calculated the contingent returns shown below. The riskless return is currently 5.75%. R16-12-2010
8Business(Beta and required return) Piper’s Knits has calculated the contingent returns shown below   Chapter 7-1 (Beta and required return) Piper’s16-12-2010
8BusinessPiper’s Knits has calculated the contingent returns shown below   Chapter 7-1. (Beta and required return) Piper’s Knits has calculated the 16-12-2010
5Business(Default risk) As an investment, Portland Capital Partners purchases an extremely risky bond that promises a 8.75% coupon and return of the $1,000 pri16-12-2010
7BusinessP11-3A Kohler Clothiers manufactures women’s business suits. The company uses a standard cost accounting system. In March 2005, 11,800 suits were ma17-12-2010
3Business32. IRA investments develops retirement programs for individuals. You are 30 years old and plan to retire on your 60th birthday Time value money Cha17-12-2010
5BusinessWhere Q is quantity demanded per month in thousands, P is product price, I is an index of consumer income, and A is advertising expenditures per month19-12-2010
6BusinessPricing strategy - A market has only two sellers. They are both trying to decide on a pricing strategy. If both firms charge a high price, then each f19-12-2010
3Business Martin, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash pro21-12-2010
5BusinessComparative calendar-year financial data for a company are shown below: 21-12-2010
3BusinessInformation for the Ace Manufacturing Company follows:    Calculate the cost of goods manufactured for this company. 21-12-2010
0BusinessInformation for Gifford, Inc., as of December 31 follows:    Prepare a manufacturing statement for the year ended December 31. 21-12-2010
4BusinessInformation for Gifford, Inc., as of December 31 follows:    Prepare a manufacturing statement for the year ended December 31. 21-12-2010
4BusinessPDQ Corp. has sales of $3,000,000; the firm's cost of goods sold is $1,425,000; and its total operating expenses are $700,000. The firm's interest exp03-01-2011
7BusinessThe Ferri Furniture Company, a manufacturer and wholesaler of high-quality home furnishings, has been experiencing low profitability in recent years. 09-04-2012
3BusinessCentral Medical Supply , Inc. a manufacturer of medical testing equipment, has $240,000 worth of an obsolete line of testing equipment. The obsolete e03-01-2011
5BusinessG.G. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 20X9. He ended 20X8 with 2,500 completed hiv03-01-2011
5BusinessSavadyne, Inc. produces flash drives. The selling price is $8 per drive. The variable cost of production is $2.40 per unit and the fixed cost per mont03-01-2011
5BusinessEX 15-2 Lance Co. purchased $36,000 of 6%, 10-year Bergen County bonds on July 12, 2010   ACCOUNTING by Warren, Reeve and Duchac   Chapt05-01-2011
5Business15-2 Lance Co. purchased $36,000 of 6%, 10-year Bergen County bonds on July 12, 2010   ACCOUNTING by Warren, Reeve and Duchac   Chapter 05-01-2011
5BusinessLance Co. purchased $36,000 of 6%, 10-year Bergen County bonds on July 12, 2010   ACCOUNTING by Warren, Reeve and Duchac   Chapter 15 2 05-01-2011
5BusinessEX 16-16 Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows   EX 16-16 Jones 05-01-2011
5BusinessSelected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows   EX 16-16 Jones Soda Co 05-01-2011
1BusinessEX 16-20 The cost of merchandise sold for Kohl’s Corporation for a recent year was $9,891 million.   ACCOUNTING by Warren, Reeve and Duchac 05-01-2011
15BusinessProblem 14-2A Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bo15-01-2011
15BusinessProblem 14-2A Straight-line amortization of both bond discount and bond premium   Straight-line amortization of both bond discount and bond pre15-01-2011
15BusinessHeathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds are issued15-01-2011
8BusinessProblem 14-1A Stowers Research issues bonds dated January 1, 2005, that pay interest semiannually on June30 and December 31.   Computing bond 15-01-2011
8BusinessStowers Research issues bonds dated January 1, 2005, that pay interest semiannually on June30 and December 31. The bonds have a $20,000 per value, an 15-01-2011
9BusinessBG 615 Refer to the Excel spreadsheet, containing a trial balance for ABC Company.   BG 615 Exercises on Accounting Fundamentals   1. Re17-01-2011
5BusinessUnit 9 Q5 and 6[1] Tapley Inc. currently has assets of $5 million, zero debt, is in the 40% federal-plus-state tax bracket, has a net income of $1 mil17-01-2011
4BusinessBenton Office Supplies-Use the following information to answer questions 8–12   Benton Office SuppliesBalance SheetDecember 31, 2007 Cash $ 17-01-2011
5Business Kids ‘n Caboodle, a children’s clothing store, had the following cash receipts and disbursements for it’s first year of operations:   R17-01-2011
5Business Kids ‘n Caboodle, a children’s clothing store, had the following cash receipts and disbursements for it’s first year of operations:   R17-01-2011
3BusinessThunder Corporation retired $137,000 face value, 12% bonds on June 30, 2007, at 102. The carrying value of the bonds at the redemption date was $122,917-01-2011
3BusinessLightning, Inc., retired $178,000 face value, 12.5% bonds on June 30, 2007, at 98. The carrying value of the bonds at the redemption date was $184,90017-01-2011
3BusinessEx. 16-124 Yarrow Corporation had Ex. 16-124—Weighted average shares outstanding. Quiz Chapter 16 On January 1, 2007, Yarrow Corporation had 1,0017-01-2011
10Business1. A plant operating at a capacity would suggest that _________.a. only some specific machines or processes are operating at the maximum rate possible17-01-2011
7BusinessDuring the summer, Bill Jones decided to earn money as a lawn service professional. He solicited business in the area and received enough interest in 17-01-2011
4BusinessThe Betsy Dough Company wants to prepare a bank reconciliation for the month of June. When the bank statement for the month of June arrives from the b17-01-2011
15Business5-21 Highland Cable Company is considering an expansion of its facilities FIN 476 WEEK 1 21. Highland Cable Company is considering an expansion of18-01-2011
4BusinessOn May 1, 2006, the amount of capital stock in Moore Services Company was $71,000 and retained earnings was $30,000. During May, the company paid divi18-01-2011
6Business1. A convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is 40. The stock currently se18-01-2011
3Business9-7 Preferred stock rate of return. What will be the nominal rate of return on a preferred stock with a $100 par value, a stated dividend of 8% of par18-01-2011
3BusinessQS 13-2 Prepare the journal entry to record each separate transaction. (a) On March 1, DVD Co. issues 44,500 shares of $4 par value common stock for $20-01-2011
1.5BusinessQS 13-3 Hilton Company’s stockholders’ equity includes 75,000 shares of $5 par value, 8% cumulative preferred stock and 200,000 shares of $1 par v21-01-2011
1.5BusinessQS 13-4 Prepare journal entries to record the following transactions for Skylar Corporation:   QS 13-4 Chapter 13 Accounting for Corporations 21-01-2011
3BusinessQS 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   QS 13-5 Chapter 13 Accounting for Corp21-01-2011
3BusinessQS 13-6 On May 3, Lassman Corporation purchased 3,000 shares of its own stock for $27,000 cash.   QS 13-6 Chapter 13 Accounting for Corporation21-01-2011
2BusinessQS 13-8 Barnes Company earned a net income of $450,000 this year.   QS 13-8 Chapter 13 Accounting for Corporations Larson Wild Chiappetta: Fun21-01-2011
2BusinessQS 13-9 On January 1, Vendetta Company had 100,000 shares of common stock outstanding   QS 13-9 Chapter 13 Accounting for Corporations Larson 21-01-2011
2BusinessQS 13-10 On January 1, Brazil Company had 150,000 shares of common stock outstanding   QS 13-2 Chapter 13 Accounting for Corporations Larson W21-01-2011
1.5BusinessQS 13-11 The stockholders’ equity section of Axel Company’s balance sheet follows.   QS 13-11 Chapter 13 Accounting for Corporations Larso21-01-2011
2.5BusinessQS 13-13 Compute Fox Company’s price-earnings ratio if its common stock has a market value of $30.75 per share and its EPS is $4.10   QS 13-221-01-2011
3BusinessQS13-12 Fiona Company expects to pay a $2.10 per share cash dividend this year on its common stock.   QS 13-2 Chapter 13 Accounting for Corpora21-01-2011
3BusinessQS 13-7 Answer the following questions related to a company’s activities for the current year: 1. A review of the notes payable files discovers tha21-01-2011
3BusinessEx13-1 Describe how each of the following characteristics of organizations applies to corporations.   ANSWER KEY Exercise 13-1   EX 13-121-01-2011
3BusinessEX 13-2 Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20.   ANSWER KEY Exercise 13-2   EX 13-221-01-2011
3BusinessEX 13-3 Prepare journal entries to record the following four separate issuances of stock   ANSWER KEY Exercise 13-3   EX 13-3 Chapter 1321-01-2011
3BusinessEX 13-4 Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of the characterist21-01-2011
4BusinessEX 13-5 Citicool’s outstanding stock consists of (a) 40,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 100,000 shares21-01-2011
5BusinessEX 13-5 Ex 13-6 Citicool’s outstanding stock consists of (a) 40,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 100,0021-01-2011
5BusinessEX 13-7 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock dividend or split   ANSWER KEY Exer21-01-2011
5BusinessEX 13-8 The stockholders’ equity of Whiz.com at the beginning of the day on February 5 follows   EX 13-8 Whiz.com   EX 13-8 Chapter 1321-01-2011
5BusinessEX 13-9 On October 10, the stockholders’ equity of Noble Systems appears as follows:   ANSWER KEY Exercise 13-9   EX 13-9 Noble System21-01-2011
5BusinessEX 13-10, EX 13-11 In 2005, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the who22-01-2011
3BusinessEX 13-12 Fast Tek put an asset costing $225,000 into service on January 1, 2004.   ANSWER KEY Exercise 13-12   EX 13-12 Accounting for C22-01-2011
4BusinessEX 13-13 Nexus Company reports $1,350,000 of net income for 2005 and declares $195,000 of cash dividends on its preferred stock for 2005   ANSW22-01-2011
4BusinessEX 13-14 C4 Company reports $480,000 of net income for 2005 and declares $65,000 of cash dividends on its preferred stock for 2005   ANSWER KEY22-01-2011
6BusinessE11-4, Depreciation Computations - Five methods,  File 11e-4   Depreciation Computation - Five Methods-   E11-4 Jon Seceda Furnace24-01-2011
2.5BusinessStocks A and B each have an expected return of 15%, a standard deviation of 20%, and a beta of 1.2. The returns on the two stocks have a correlation c24-01-2011
1.5BusinessStock A has a beta of 1.2 and a standard deviation of 20%. Stock B has a beta of 0.8 and a standard deviation of 25%. Portfolio P has $200,000 consist24-01-2011
1.5BusinessThe Morrissey Company's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for th24-01-2011
1.5BusinessD. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5%. If the curr24-01-2011
1BusinessGarvin Enterprises’ bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their 24-01-2011
4BusinessIf 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 8.5%, the maturity risk premium on all 10-year bonds is 1.3%, and corporate bon24-01-2011
5BusinessP12-4A Prepare dividend entries and stockholders' equity section.   P12-4A  Galactica Corporation P12-4A  On January 1, 2006, Galact24-01-2011
4BusinessChange in Accounting Estimate  On January 3, 2007, Sandy's Fashions purchased a large number of personal computers. The cost of these computers w24-01-2011
2BusinessEstimate the rate of yield to maturity for a $3000, 10% bond quoted at 101 seven years before maturity.25-01-2011
1.5BusinessIf Mark sells clock radios for $49.50 and his markup is 83%, what is his cost?25-01-2011
8BusinessSandy Alomar Corp., Prepare two schedules for inventory costs under LIFO and FIFO   You are vice-president of finance of Sandy Alomar Corp., a 25-01-2011
7BusinessPrepare an analysis of The Rondo Company's New Project   The Rondo Company's New Project Use ONLY these assumptions for your analysis: 1. Pr25-01-2011
2Businesson january 2, 2004 a corporation issued 200,000, 10% 10-year bonds for 160,000. The bonds pay interest each december 31 and the corporation uses the s25-01-2011
4Business21-3a Ikon tire Co manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor and factory overhead incurred for25-01-2011
7Business23-5a. Safety-Bright Company recently began production of a new product, the halogen light, which required the investment of 1,000,000 in assets. The 25-01-2011
5BusinessYou are interested in determining the cost of capital for Hewlett-Packard Company. The company is financed with $96 billion of common stock (market va25-01-2011
5BusinessYou are interested in determining the cost of capital for Hewlett-Packard Company. The company is financed with $96 billion of common stock (market va25-01-2011
9BusinessYou are a member of the capital investment review committee where you work. Here is a summary of the cash flows for a project which has recently been 25-01-2011
5BusinessThe financial statement columns of the work sheet for Acme Company at December 31, 2007, are as follows:       &nbs26-01-2011
5BusinessE 9-2 The ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales $840,000, and Sales Returns and Allowances27-01-2011
4Business1-28 Atlanta Corporation’s balance sheet at March 30, 20X4, contained only the following items (arranged here in random order)   1-28 Prepare27-01-2011
4BusinessThe trial balance shown below does not balance.                  27-01-2011
5Business"X" Company started in production operations on July 1. During July, the silk-screening department completed 15,600 units. There were 2,400 units in e27-01-2011
4Business"R" Company requires four units of R2 for every unit of D2 that it produces. Currently R2 is made by "R" Company, with the following per unit costs in27-01-2011
2Business"T" Company has NOPAT (Net Operating Profit After Tax) of $750,000. the company's cost of capital is 18% and its invested capital totals $2,600,000. w27-01-2011
5Business"C" Company has fixed costs of $689,698. Selling price per unit is $156 and variable cost per unit is $22. a.) How many units must "C" company sell i27-01-2011
3BusinessThe retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $60,000. The variable cost of recapping a tire is $9. the c27-01-2011
2BusinessEvergreen Fertilizer Company produces Fertilizer. The Company's fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15.27-01-2011
3Business Smith Co. produces 15,000 pounds of Product A and 30,000 pounds of Product B each week by incurring a joint cost of $400,000.  These products27-01-2011
2.5BusinessEvergreen Fertilizer Company produces Fertilizer. The Company's fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15.28-01-2011
5BusinessE16-2 (Conversion of Bonds) Aubrey Inc, Issued $4,000,000 of 10%, 10 yeaar convertible bonds on June, 1, 2007   ANSWER KEY E16-2 (Conversion of28-01-2011
2BusinessInstallment sales method and cost recovery Kenny Corp; a capital goods manufacturing business that started on January  4/2007 and operates on a c28-01-2011
3Business1.What is NPV of a project that requires initial investment of $76,000 and produces net cash flows of $22,000 pr yr for 7 years. Assume discount rate 28-01-2011
5BusinessInformation for the month of May concerning Department A, the first stage of the production cycle, is as follows:        &n28-01-2011
2BusinessFactory overhead for the Praeger Company has been estimated as follows: Nonvairable overhead          &n28-01-2011
1.5BusinessEILEEN HOGARTY DEPOSITS $5,630 IN CITY BANK, WHICH PAYS 12% INTEREST, COMPOUNDED QUARTERLY. HOW MUCH MONEY WILL SHE HAVE IN HER ACCOUNT AT THE END OF 28-01-2011
1.5BusinessPINE VALLEY SAVING BANK OFFERS A CERTIFICATE OF DEPOSIT AT 12% INTEREST, COMPOUNDED QUARTERLY. WHAT IS THE EFFECTIVE RATE(APY) OF INTEREST?28-01-2011
1.5BusinessJACK BEGGS PLANS TO INVEST $30,000 AT 10% COMPOUNDED SEMIANNUALLY FOR 5 YEARS. WHAT IS THE FUTURE VALUE OF THE INVESTMENT?28-01-2011
1.5BusinessGILDA NARDI DEPOSITS $5,325 IN A BANK THAT PAYS 12% INTEREST, COMPOUNDED QUARTERLY. FIND THE AMOUNT SHE WILL HAVE AT THE END OF 7 YEARS?28-01-2011
5BusinessThe ledger of Elburn Company at the end of the current year shows Accounts Receivable $110,000, Sales $840,000, and Sales Returns and Allowances $28,031-01-2011
5BusinessSafety-Bright Company recently began production of a new product, the halogen light   23-5a. Safety-Bright Company recently began production of31-01-2011
6BusinessE11-4 Jon Seceda Furnace Corp, purchased machinery for $315,000 on May 1,2007.   E11-4, Depreciation Computations - Five methods,  Fil31-01-2011
4BusinessE 8-4 The ledger of Garcia Company at the end of the current year shows Accounts Receivable $96,000; Credit Sales $780,000; and Sales Returns and Allo31-01-2011
4BusinessThe ledger of Garcia Company at the end of the current year shows Accounts Receivable $96,000; Credit Sales $780,000; and Sales Returns and Allowances31-01-2011
15Business21. Highland Cable Company is considering an expansion of its facilities.   5-21 Highland Cable Company is considering an expansion of its faci01-02-2011
15Business FIN 476 WEEK 1 5-21 Highland Cable Company is considering an expansion of its facilities   21. Highland Cable Company is considering an exp01-02-2011
5BusinessE16-2 (Conversion of Bonds) Aubrey Inc, Issued $4,000,000 of 10%, 10 yeaar convertible bonds on June, 1, 2007, at 98plus accrued interest. The bonds w04-02-2011
2BusinessFactory overhead for the Praeger Company has been estimated as follows: Nonvairable overhead        $122,000Va04-02-2011
7BusinessCorporate Finance – Chapter 25 - Problems 1, 2, and 3 Chapter 25  Mergers, LBO’s, Divestures, and Holding Companies The following informati04-02-2011
5BusinessEX 17-10 Xavier Stores Company and Lestrade Stores, Inc., are large retail department stores. Both companies offer credit to their customers through t05-02-2011
6BusinessBailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant. The company produces three products: umbrellas,06-02-2011
2BusinessJoseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next 3 years is $35,000 in year 1, $21,000 in year 2, an06-02-2011
3BusinessChristine has just purchased a used Mercedes for $18,995. She plans to make a $2,500 down payment on the new car. What is the amount of her monthly pa06-02-2011
1.5BusinessDaniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on 06-02-2011
2BusinessCecilia bought 100 shares on Minnesota Mining and Manufacturing on June 1987 for $38 a share for a total investment of $3800. She sold the shares in J06-02-2011
2BusinessWhat would be the future value of a loan of $1000 for 2 years if the bank offered a 10% interest rate compounded semiannually?06-02-2011
4BusinessExercise 13-15 The equity section of Anna Corporation’s balance sheet shows the following   ANSWER KEY Exercise 13-15   13. Accountin07-02-2011
5BusinessProblem 13-1A  Oxygen Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries im07-02-2011
5BusinessProblem 13-2A Context Corporation reports the following components of stockholders’ equity on December 31, 2005:   ANSWER KEY Problem 13-2A C07-02-2011
5BusinessProblem 13-3A At September 30, the end of Excel Company’s third quarter, the following stockholders’ equity accounts are reported   Problem07-02-2011
5BusinessProblem 13-4A The equity sections from Salazar Group’s 2005 and 2006 year-end balance sheets follow:   Problem 13-4A Analysis of changes in s07-02-2011
5BusinessProblem 13-5A  Selected account balances from the adjusted trial balance for Chex Corporation as of its calendar yearend December 31, 2005, follo07-02-2011
5BusinessProblem 13-8A Razz Corporation’s common stock is currently selling on a stock exchange at $170 per share, and its current balance sheet shows the fo07-02-2011
5BusinessProblem 13-1B  Nilson Company is incorporated at the beginning of this year and engages in a number of transactions   PROBLEM SET B  07-02-2011
5BusinessProblem 13-2B Baycore Corp. reports the following components of stockholders’ equity on December 31, 2005:   ANSWER KEY Problem 13-2B Baycore08-02-2011
5BusinessProblem 13-3B  At December 31, the end of Intertec Communication’s third quarter, the following stockholders’ equity accounts are reported: 08-02-2011
5BusinessProblem 13-4B  The equity sections from Jetta Corporation’s 2005 and 2006 balance sheets follow:   Problem 13-4B Analysis of changes in 08-02-2011
5BusinessProblem 13-5B  Selected account balances from the adjusted trial balance for Bar Harbor Corp. as of its calendar yearend December 31, 2005, follo08-02-2011
0BusinessProblem 13-6B On January 1, 2003, Belize Corp. purchases equipment costing $200,000 with an expected salvage value of zero at the end of its five-year08-02-2011
5BusinessProblem 13-6B On January 1, 2003, Belize Corp. purchases equipment costing $200,000 with an expected salvage value of zero at the end of its five-year08-02-2011
5BusinessProblem 13-7B The annual income statements for Peña, Inc., as reported when they were initially published in 2003, 2004, and 2005 follow   Pro08-02-2011
5BusinessProblem 13-8B  Scotch, Inc.’s common stock is currently selling on a stock exchange at $45 per share, and its current balance sheet shows the f08-02-2011
5BusinessSERIAL PROBLEM Success Systems   ANSWER KEY SERIAL PROBLEM Success Systems   13. Accounting for Corporations Larson−Wild−Ch08-02-2011
5BusinessBTN 13-1 Refer to Krispy Kreme’s financial statements in Appendix A to answer the following:   ANSWER KEY BTN 13-1 Refer to Krispy Kreme’s 08-02-2011
0BusinessP10-12 (Growth rate and next year's EPS) Spencer Supplies stock is currently selling for $60 a share P10-12 Spencer Supplies stock is currently selli10-02-2011
3BusinessDeterminant of Interest Rates Problem. The real risk-free rate of interest is 4%. Inflation is expected to be 2% this year and 4% during the next two 14-02-2011
3BusinessDefault Risk Premium Problem. A Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 9%. Assume that the 14-02-2011
2BusinessMaturity Risk Premium Problem. The real risk-free rate is 3%,and inflation is expected to be 3% for the next 2 years. A 2-year Treasury security 14-02-2011
1.5BusinessWeek 3 6-1 Portfolio Beta. An individual has $ 35,000 invested in a stock which has a beta of 0.8 and $ 40,000 invested in a stock with a beta of 1.4.14-02-2011
1.5BusinessRequired rate of Return Problem. Assume that the risk-free rate is 6% and the expected return on the market is 13%. What is the required rate of retur14-02-2011
3BusinessExpected and Required Rates of Return Problem. Assume that the risk-free rate is 5% and the market risk premium is 6%. What is the expected return of 14-02-2011
5BusinessBeta Company, Whose accounting year ends Dec. 31, purchased a computer system on July 1, 2003, for $1,600,000 and sold it on June 30, 2007, for $500,014-02-2011
3BusinessAt December 31 of the current year, Johnson Co. reported the following: Total sales for the current year: $700,000, includes $160,000 in cash sales. A14-02-2011
3BusinessThe Spangle Company uses the process cost system and average costing. The following prediction data are for the month of July: Production Costs Work15-02-2011
5BusinessMINI-CASE Lark Manufacturing Company   Allocation of Joint costs Lark Manufacturing Company buys crypton for $0.80 a gallon. At the end of pro15-02-2011
5BusinessMt. Orab Manufacturing Company uses a process cost system. Its manufacturing operation is carried on in two departments:   Average and FIFO cos15-02-2011
5BusinessThe Following data is for a production company: Beginning inventory 1,000 units, three-fourths completed Finished and transferred 16,000 units Work in15-02-2011
4BusinessA Plant uses process costing has 8,000 units in beginning work in process, 15,000 more started, and 5,000 units in the ending work in process. Using t15-02-2011
5BusinessTaguchi Manufacturing Co. uses the process cost system. The following information for the month of December was obtained from the company's book and f15-02-2011
9BusinessCatalina Inc . Refer to the attached financial statement information for Catalina Inc. for fiscal year ended 12/31/2003. Assume the following: Notes16-02-2011
9BusinessClark Paints, Inc. Project Part B Capital Budgeting Decision Clark   Paints, Inc. The production department has been investigating possible wa17-02-2011
10Business1) What differentiates "discretionary financing needs" from "external financing needs?" A) assets B) retained earnings C) spontaneous liabilities D) s17-02-2011
7BusinessBest View manufactures sophisticated digital cameras. The company’s new models are very popular, but it has an inventory of 1,000 old models for whi17-02-2011
5BusinessBest View manufactures sophisticated digital cameras. The company’s new models are very popular, but it has an inventory of 1,000 old models for whi17-02-2011
3BusinessKelp Company produces three joint products from seaweed. At the split-off point, three basic products emerge: Sea Tea, Sea Paste, and Sea Powder. &nb17-02-2011
5BusinessAT&T Corp has several issues of bonds outstanding. One of the outstanding bonds has a 5 &1/8 percent coupon and matures in 2004. The bonds mat17-02-2011
3BusinessSouthern Bell has issued 4 3/8 percent bonds that mature on August 1 2011. Assume that interest is paid and compounded annually. Determine the yield t17-02-2011
5BusinessProblem 1 Management is considering purchasing an asset for $20,000 that would have a useful life of 10 years and no salvage value. For tax purposes, 18-02-2011
3BusinessProblem 2 ABC Outlet Store is looking for a new location near a shopping mall. It is considering purchasing a building rather than leasing, as it has 18-02-2011
5BusinessConsider a bond with face value of $1,000.The coupon payment is made semi-annually and the yield to maturity on the bond is 12% (effective annual yiel18-02-2011
4Business5-10 HexCorp Inc. has two different bonds currently outstanding. Bond A has a face value of $40,000 and matures in 20 years   Corporate Finance18-02-2011
3BusinessABC has a P/E ratio of 12 and maintains a dividend payout ratio of 40%. The stock price of ABC on January 1st. is $32. What would be the value of the 18-02-2011
6BusinessAssume the company closes its books on December 31st:Arty Co. sells $250,000 of 10% (stated rate) bonds on March 1, 2007. The bonds pay interest Septe18-02-2011
5BusinessPurchase, cost of goods sold, and cash collection budgets         The Zel Company operates at local flea markets. It 18-02-2011
3BusinessThe following data for Kitchen Tile Company related to the production of 18,000 tiles during the past month. The company allocates fixed overhead cos18-02-2011
3BusinessThe product-mix decision. XYZ Company produces Product A, Product B, and Product C. All three products require processing on specialized finishing mac18-02-2011
6Business1. Consider a call option for the Intel stock with the exercise price of $20. Today is the expiration date. If the stock price is $21.50 today, what i20-02-2011
2BusinessSuppose that you bought the Intel stock at $21.50 per share, and that you paid $2 to buy its put option with the strike price of $20. It the stock pri20-02-2011
3BusinessABC Company recently issued two types of bonds. The first issue consisted of 20-year straight debt with an 8 percent annual coupon. The second issue c20-02-2011
3BusinessConsider a company’s 15 year, 9% coupon convertible bond with a $1,000 par value and the conversion ratio of 40. Its current price is $950, and its 20-02-2011
1Business1. Given below is the net income statement for the second year of a project:Revenues $80,000Operating costs 41,000Total overheads 4,000Depreciation 2,20-02-2011
5BusinessA food processing company is considering adopting a new seafood processing system.  The system will cost $750,000 plus $23,000 for shipping and i20-02-2011
10BusinessBankserv, an IT company specialized in financial IT solutions is considering buying a new data processing and management information system.  The20-02-2011
5Business10-22 Estimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airpor20-02-2011
5BusinessReisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters make20-02-2011
5BusinessBiggs Industries is considering two alternative ways to depreciate a proposed investment. The investment has an initial cost of $100,000 and an expect20-02-2011
3BusinessSmall Corporation is considering an investment that will require an initial cash outlay of $200,000 to purchase non-depreciable assets. The project pr20-02-2011
3BusinessAdam Ball has an opportunity to invest in a project that will yield four annual payments of $12,000 with no salvage. The first payment will be receive20-02-2011
4BusinessPitt Productions is considering the purchase of a new movie camera, which will be used for major motion pictures. The new camera will cost $30,000, ha20-02-2011
6BusinessRiordan Corporation is interested in purchasing a state-of-the-art widget machine for its manufacturing plant. The new machine has been designed to ba20-02-2011
5Business13.9 Manufacturing overhead--over/underapplied. 13.9 Hartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours 21-02-2011
5Business13.9 Hartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricatiing. A predeterm21-02-2011
6Business13-20 Cost of goods manufactured, cost of goods sold, and income statement. 13-20 Champs, Inc., incurred the following costs during March:Selling ex21-02-2011
6BusinessCost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs during March: Selling expenses....21-02-2011
6BusinessCastellino Company, operating at full capacity, sold 80000 units at a price of $70.75 per unit during 2008. Its income statement for 2008 is as follow21-02-2011
6BusinessACC 440 WEEK 4 P4-18 – Incomplete Data with Purchase Differential   P4-18 Incomplete Data with Purchase Differential Chapter 4 Problems: P423-02-2011
6BusinessACC 440 WEEK 4 P4-18 – Incomplete Data with Purchase Differential   P4-18 Incomplete Data with Purchase Differential Chapter 4 Problems: P423-02-2011
6BusinessNicholals Company manufactures TVs.   Some of the company's data was misplaced.  Use the following information to replace the lost data23-02-2011
5BusinessHeather's Pillow Company manufactures pillows.  The 20X5 operating budget is based on production of 20,000 pillows with0.5 machine-hours allowed 23-02-2011
3BusinessQ8-3 Southwest Airlines offers four flights per weekday from Cleveland, Ohio, to Tucson, Arizona.  Adding a fifth flight per weekday would cost $23-02-2011
2.5BusinessOttawa Company manufactures window glass in two sequential departments. The following cost data pertain to October.Department A Department BDirect mat23-02-2011
3BusinessOrville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through Department no. 1, with subsequen23-02-2011
6BusinessVernon Company had a beginning work-in-process inventory of 20,000 units on June 1.These units contained $60,000 of direct materials and $136,000 of c23-02-2011
7BusinessBaxter Products manufactures office furniture by using an assembly-line process. All direct materials are introduced at the start of the process, and 23-02-2011
20BusinessProblem 4-21 The Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all s23-02-2011
20BusinessThe Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of shoes that are all sold at the sa23-02-2011
20BusinessProblem 4-21 Basic CVP Analysis The Fashion Shoe Company operates a chain of women’s shoe shops around the country. The shops carry many styles of s23-02-2011
3BusinessBridge Benefit Cost Benefit-Cost Benefit/Cost 1 80 40 40 2 2 60 20 40 3 3 60 40 20 1.5 4 20 40 -20 .5 5 30 20 10 1.5 6 30 40 -10 .75What is opti23-02-2011
2BusinessAn investment requires an initial payment of $1000. The table below indicates the estimates of income and expense for this investment. What is the Ben24-02-2011
5BusinessAcme Dog Clinic is evaluating a project that costs $69,455 and has expected net cash inflows of $15,500 per year for 6 years. The first inflow oc24-02-2011
3Business Photo Chronograph Corporation manufactures time series photographic equipment.  It is currently at this target debt-equity ration of 1:3. 24-02-2011
4BusinessAdams Corporation has four investment opportunities with the following costs and rates of return:COST RATE OF RETURNProject 1 $2,000 16.00%Project 2 $24-02-2011
20BusinessCase 3 (Cost Allocation Concepts) El Paso Medical Center focuses not on the mechanics of cost allocation, but rather on the key issue of what constitu24-02-2011
6BusinessProblem 6 – 2A: Determine cost of goods sold and ending inventory using FIFO, LIFO, and average cost with analysis. P6-2A Breathless Distribution 24-02-2011
6BusinessP6-2A Breathless Distribution markets CDs of the performing artist Christina Spears. At the beginning of October, Breathless had in beginning inventor24-02-2011
2Business21.  Two projects have the following NPVs and standard deviations:     Project A Project B NPV 200 300 24-02-2011
5Business22. Your firm has an opportunity to make an investment of $50,000. Its cost of capital is 12 percent. It expects after tax cash flows (including the t24-02-2011
3Business23. "All our projects are discounted at the same interest rate," says the treasurer of a large company.  Would you dispute the advisability of su25-02-2011
7Business8-35 As part of the analytical procedures of Mahogany Products, Inc., you perform calculations of the following ratios   Part 2 The Audit proce25-02-2011
7BusinessP7 Khan Corporation has $20,000,000 of 10.5 percent, 20 year bonds dated June 1, with interest payment dates of May 31 and November 30   ACC 2028-02-2011
5BusinessWaxman Corporation issued bonds twice during 20x2.  A summary of the transactions involving the bonds follows.   2002   Jan 1 28-02-2011
6Business4-6A. (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:January $ 90,000 February $ 120,000 M28-02-2011
6BusinessFIN 370 4-6A. (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004   4-6A. (Cash budget) The Sharpe Corp28-02-2011
6BusinessThe Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows   4-6A. (Cash budget)   FIN 370 4-6A. (Ca28-02-2011
8Business4-9 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity.  Bond L has a maturi28-02-2011
9Business5-9 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity.  Bond L has a maturi28-02-2011
5BusinessThe partnership of Jenson, Smith and Hart share profits and losses in the ratio of 5:3:2, respectively. The partners voted to dissolve the partnership28-02-2011
5BusinessAn analyst has collected the following information regarding Christopher Co.•     The company's capital structure is 70 per28-02-2011
6BusinessAdjusted trial balance for Lisa's Services.  You are to prepare, in proper format, each of the closing entries.  Submit your answer as a fil28-02-2011
5BusinessPractice Exercise 2-14 Use the expanded accounting equation to compute the missing quantity.     Assets Liabilities 28-02-2011
5BusinessE 2-6 From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.   Accounts payable 28-02-2011
3BusinessExercise 2-8 The following selected information is taken from the records of Beckstrom Corporation. Accounts payable $ 35,000 Accou28-02-2011
3BusinessExercise 2-9From the following selected data, compute:Net cash flow provided (used) by operating activities. Net cash flow provided (used) by investin28-02-2011
2.5BusinessExercise 2-11 During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, Edge28-02-2011
5Business  E 2-14 For each of the following items Exercise 2-14 For each of the following items, indicate whether it would be classified and reported un28-02-2011
3Business10-7 Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi faces a 40%28-02-2011
4Business10-11 Radon Homes' current EPS is $6.50. It was $4.42 5 years ago. The company pays out 40% of its earnings as dividends, and stock sells for $36.a) C28-02-2011
4Business11-1 A project has an initial cost of $52,125, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 12%. a) What is t01-03-2011
4BusinessA project has an initial cost of $52,125, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 12%. a) What is the pr01-03-2011
6Business13-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Intermediate Financial Management By Eugene F. Bri01-03-2011
6Business12-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Financial management: theory and practice 12ed By01-03-2011
5BusinessManhattan Med Group (MMG) has a current stock price of $47, and its last dividend  (D0) was $2.90. In view of MMG’s strong financial position, 01-03-2011
6Business(Dispositions, Including Condemnation, Demolition, and Trade-in) Presented below is a schedule of property dispositions for Frank Thomas Co.   02-03-2011
7BusinessPresented below is a schedule of property dispositions for Frank Thomas Co.   (Dispositions, Including Condemnation, Demolition, and Trade-in) 02-03-2011
3BusinessA Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 9%. Assume that the liquidity premium on the corpo02-03-2011
2BusinessRenfro Rentals has issued bonds that have a 10%coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of $1,000, and a yiel02-03-2011
4BusinessThress Industries just paid a dividend of $1.50 a share (i.e, Do = $1.50). The dividend is expected to grow 5% a year for the next 3 years, and then 102-03-2011
3BusinessBoehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year (i.e Do = $1.50). The dividend is expected to grow at a consta02-03-2011
7BusinessThe Xyz Company commenced business operation on Jan1, 1997. All sales are made on installment contracts and inventory records are on a periodic basis.02-03-2011
7BusinessBusiness is going well for Park'N Fly, the company that operates remote parking lots near major airports. The board of directors of this family-owned 02-03-2011
6BusinessProblem 13-16 Blueline tours, Inc., operates tours throughout the United States. A study has indicated that some of the tours are not profitable, and 03-03-2011
6BusinessBlueline tours, Inc., operates tours throughout the United States   Problem 13-16: Blueline tours, Inc., operates tours throughout the United 03-03-2011
6BusinessIndicate how each of the following would shift the (1) marginal cost curve, (2) average- variable cost curve, (3) average fixed cost curve, and (4) av03-03-2011
4BusinessCost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  What impact would it have on th03-03-2011
4Business10-2 Cost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  What impact would it have 03-03-2011
5BusinessSuppose a firm estimates its WACC to 10 percent.  Should the WACC be used to evaluate all of its potential projects, even if they vary in risk?&n03-03-2011
5Business10-4 Suppose a firm estimates its WACC to 10 percent.  Should the WACC be used to evaluate all of its potential projects, even if they vary in ri03-03-2011
5BusinessThe WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be different if the equity for the comin03-03-2011
6Business10-5 The WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be different if the equity for the 03-03-2011
4BusinessIn 2011, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16 per share. Febru03-03-2011
4BusinessFowler Co.'s balance sheet showed the following at December 31, 2011: Common stock, $10 par         &nbs03-03-2011
3BusinessDuring its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity. Jan. 5   &nb03-03-2011
3BusinessThe shareholders' equity of Tru Corporation includes $600,000 of $1 par common stock and $1,200,000 of 6% cumulative preferred stock. The board of dir03-03-2011
6BusinessYSL Marketing research is a small firm located in Seattle. On behalf of its clients, the firm conducts focus group meetings, telephone and mail opinio03-03-2011
7BusinessGlass Wares is a division of a major corporation. The following data are for the latest year of operations: Sales.....................................03-03-2011
6BusinessMoon Valley Cabinets is approached by Ms. Luanne Birch, a new customer, to fulfill a large one-time-only special order for a product similar to one of03-03-2011
5BusinessOakland Company had the following cash flows and other activities for the quarter ended March 31, 2002. Depreciation expense $24,000Paid for land $75,03-03-2011
6Business6-13 You have observed the following returns over time:Year Stock X Stock Y Market2003 14% 13% 12%2004 19% 7% 10%2005 216% 25% 212%2006 3% 1% 1%2007 203-03-2011
7Business14-4 Capital structure Analysis   Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares selling for 03-03-2011
7BusinessCapital structure Analysis - Pettit Printing Company   14-4 Pettit Printing Company has a total market value of $100 million, consisting of 1 m03-03-2011
7Business Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares selling for $50 per share and $50 million of 10% pe03-03-2011
7Business15-10 Capital structure Analysis - Pettit Printing Company   Intermediate Financial Management By Eugene F. Brigham, Philip R. Daves 10th Ed 03-03-2011
7Business15-10 Capital structure Analysis - Pettit Printing Company   Intermediate Financial Management By Eugene F. Brigham, Philip R. Daves 10th Ed 03-03-2011
6Business5-12 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity.   5-12 WACC and 03-03-2011
6BusinessElliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity. The firm does not currently 03-03-2011
4BusinessDQ 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals  to maintain their proportionate share of the04-03-2011
4BusinessQ 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals  to maintain their proportionate share of the 04-03-2011
2Business9-4 Two investors are evaluating GE’s stock for possible purchase.  They agree on the expected value of D1 and also on the expected future divi04-03-2011
4BusinessA bond that pays interest forever and has no maturity is a perpetual bond.    3-Preferred Stock A bond that pays interest forever and has 04-03-2011
25Business The management of a company is considering three possible new products for next year’s product line. A decision now needs to be made regarding whi05-03-2011
3BusinessQS 14-1 Enter the letter of the description A through H that best fits each term 1 through 8.   Fundamental Accounting Principles, 7th Ed Larso07-03-2011
3BusinessEnter the letter of the description A through H that best fits each term 1 through 8.   Fundamental Accounting Principles, 7th Ed Larson Wild C07-03-2011
3BusinessQS 14-2 Alberto Company issues 8%, 10-year bonds with a par value of $350,000 and semiannual interest payments.   Bond computations— straight07-03-2011
3BusinessAlberto Company issues 8%, 10-year bonds with a par value of $350,000 and semiannual interest payments.   Bond computations— straight-line &07-03-2011
3BusinessQS 14-3B Sanchez issues 10%, 15-year bonds with a par value of $120,000 and semiannual interest payments. On the issue date, the annual market rate fo07-03-2011
3BusinessSanchez issues 10%, 15-year bonds with a par value of $120,000 and semiannual interest payments. On the issue date, the annual market rate for these b07-03-2011
2BusinessQS 14-4 Prepare the journal entry for the issuance of the bonds in both QS 14-2 and QS 14-3. Assume that both bonds are issued for cash on January 1, 07-03-2011
3BusinessQS 14-5 Using the bond details in both QS 14-2 and QS 14-3, confirm that the bonds’ selling prices given ineach problem are appr   ANSWER KEY07-03-2011
3BusinessUsing the bond details in both QS 14-2 and QS 14-3, confirm that the bonds’ selling prices given ineach problem are appr   ANSWER KEY QS 14-107-03-2011
2BusinessQS 14-6 Gooden Company plans to issue 8% bonds on January 1, 2005, with a par value of $2,000,000.   Issuing bonds between interest dates &nbs07-03-2011
2BusinessGooden Company plans to issue 8% bonds on January 1, 2005, with a par value of $2,000,000.   Issuing bonds between interest dates   ANSW07-03-2011
2.5BusinessQS 14-7 On July 1, 2005, Taurasi Company exercises a $5,000 call option (plus par value) on its outstanding bonds that have a carrying value of $208,007-03-2011
2.5Business14-7 On July 1, 2005, Taurasi Company exercises a $5,000 call option (plus par value) on its outstanding bonds that have a carrying value of $208,000 07-03-2011
2BusinessQS 14-8 On January 1, 2005, the $1,000,000 par value bonds of Gruden Company with a carrying value of QS 14-8 Bond retirement by stock   ANSWER07-03-2011
3BusinessQS 14-9 Valdez Company borrows $170,000 cash from a bank and in return signs an installment note for five annual payments of equal amount   QS 07-03-2011
3BusinessValdez Company borrows $170,000 cash from a bank and in return signs an installment note for five annual payments of equal amount   QS 14-9 Com07-03-2011
3BusinessQS 14-10 Note 2 of Collins Industries’ annual report states: “The credit facility [line] is collateralized by receivables, inventories, equipment 07-03-2011
3BusinessNote 2 of Collins Industries’ annual report states: “The credit facility [line] is collateralized by receivables, inventories, equipment and certa07-03-2011
3BusinessQS 14-11 Compute the ratio of pledged assets to secured liabilities for the following two companies. Which company appears to have the riskier secured07-03-2011
3BusinessCompute the ratio of pledged assets to secured liabilities for the following two companies. Which company appears to have the riskier secured liabilit07-03-2011
3BusinessExercise 14-1 On January 1, 2005, Kidman Enterprises issues bonds that have a $1,700,000 par value, mature in 20 years   Exercise 14-1Recording07-03-2011
3BusinessE 14-1 Kidman Enterprises   Exercise 14-1Recording bond issuance and interest   Fundamental Accounting Principles, 7th Ed Larson Wild Ch07-03-2011
3BusinessOn January 1, 2005, Kidman Enterprises issues bonds that have a $1,700,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 07-03-2011
5BusinessExercise 14-2 ACT issues bonds with a par value of $90,000 on January 1, 2005. The annual contract rate on them is 8%, and interest is paid semiannual07-03-2011
5Business14-2 ACT issues bonds with a par value of $90,000 on January 1, 2005. The annual contract rate on them is 8%, and interest is paid semiannually on Jun07-03-2011
5BusinessACT issues bonds with a par value of $90,000 on January 1, 2005. The annual contract rate on them is 8%, and interest is paid semiannually on June 30 07-03-2011
7BusinessExercise 14-3B  Welch Company issues bonds dated January 1, 2005, with a par value of $250,000. The annual contract rate on them is 9%, and inter07-03-2011
7Business14-3B  Welch Company issues bonds dated January 1, 2005, with a par value of $250,000. The annual contract rate on them is 9%, and interest is pa07-03-2011
7BusinessWelch Company issues bonds dated January 1, 2005, with a par value of $250,000. The annual contract rate on them is 9%, and interest is paid semiannua07-03-2011
5BusinessExercise 14-4 Prairie Dunes Company issues bonds dated January 1, 2004, with a par value of $800,000.   Exercise 14-4 Straight-line amortizatio07-03-2011
5Business14-4 Prairie Dunes Company issues bonds dated January 1, 2004, with a par value of $800,000.   Exercise 14-4 Straight-line amortization of bond07-03-2011
5BusinessPrairie Dunes Company issues bonds dated January 1, 2004, with a par value of $800,000.   Exercise 14-4 Straight-line amortization of bond prem07-03-2011
10BusinessExercise 14-4 Prairie Dunes Company issues bonds dated January 1, 2004, with a par value of Exercise 14-5B  Refer to the bond details in Exerci07-03-2011
5BusinessExercise 14-5B  Refer to the bond details in Exercise 14-4 and prepare an amortization table like the one in Exhibit 14B.2 for these bonds  07-03-2011
5BusinessExercise 14-6 Jester Company issues bonds with a par value of $600,000 on their stated issue date. The bonds mature in 10 years and pay 6% annual inte07-03-2011
5BusinessE 14-6 Jester Company issues bonds with a par value of $600,000 on their stated issue date. The bonds mature in 10 years and pay 6% annual interest in07-03-2011
5BusinessJester Company issues bonds with a par value of $600,000 on their stated issue date. The bonds mature in 10 years and pay 6% annual interest in semian07-03-2011
5BusinessExercise 14-7 Metro, Inc., issues bonds with a par value of $75,000 on their stated issue date.   Exercise 14-7 Computing bond interest and pri07-03-2011
5BusinessE 14-7 Metro, Inc., issues bonds with a par value of $75,000 on their stated issue date.   Exercise 14-7 Computing bond interest and price, and07-03-2011
5BusinessMetro, Inc., issues bonds with a par value of $75,000 on their stated issue date.   Exercise 14-7 Computing bond interest and price, and record07-03-2011
7BusinessExercise 14-8 On January 1, 2004, Steadman issues $350,000 of 10%, 15-year bonds at a price of 973⁄4.   E 14-8 Steadman issues   E07-03-2011
7BusinessE 14-8 On January 1, 2004, Steadman issues $350,000 of 10%, 15-year bonds at a price of 973⁄4.   E 14-8 Steadman issues   Exercise07-03-2011
7BusinessOn January 1, 2004, Steadman issues $350,000 of 10%, 15-year bonds at a price of 973⁄4.   E 14-8 Steadman issues   Exercise 14-8 B07-03-2011
3BusinessExercise 14-9 On May 1, 2005, Kidman Enterprises issues bonds dated January 1, 2005, that have a $1,700,000 par value, mature in 20 years, and pay 9% 07-03-2011
3BusinessE 14-9 On May 1, 2005, Kidman Enterprises issues bonds dated January 1, 2005, that have a $1,700,000 par value, mature in 20 years, and pay 9% interes07-03-2011
3BusinessOn May 1, 2005, Kidman Enterprises issues bonds dated January 1, 2005, that have a $1,700,000 par value, mature in 20 years, and pay 9% interest semia07-03-2011
8BusinessExercise 14-10 Simon issues four-year bonds with a $50,000 par value on June 1, 2004, at a price of   Exercise 14-10 Straight-line amortization07-03-2011
8BusinessE 14-10 Simon issues four-year bonds with a $50,000 par value on June 1, 2004, at a price of   Exercise 14-10 Straight-line amortization and ac07-03-2011
8BusinessSimon issues four-year bonds with a $50,000 par value on June 1, 2004, at a price of   Exercise 14-10 Straight-line amortization and accrued bo07-03-2011
5BusinessExercise 14-11 On January 1, 2005, Perez borrows $25,000 cash by signing a four-year, 7% installment note   Exercise 14-11 Perez borrows $25,0007-03-2011
5BusinessE 14-11 On January 1, 2005, Perez borrows $25,000 cash by signing a four-year, 7% installment note   Exercise 14-11 Perez borrows $25,000 &nbs07-03-2011
5BusinessOn January 1, 2005, Perez borrows $25,000 cash by signing a four-year, 7% installment note   Exercise 14-11 Perez borrows $25,000   Exer07-03-2011
7BusinessE 14-11 E 14-12   Exercise 14-11 Installment note with equal principal payments Exercise 14-11 On January 1, 2005, Perez borrows $25,000 cash 07-03-2011
7BusinessExercise 14-13 On January 1, 2005, Randa borrows $25,000 cash by signing a four-year, 7% Exercise 14-14 Use the information in Exercise 14-13 to prepa07-03-2011
7BusinessExercise 14-13 On January 1, 2005, Randa borrows $25,000 cash by signing a four-year, 7% Exercise 14-14 Use the information in Exercise 14-13 to prepa07-03-2011
5BusinessExercise 14-15 An unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities.   Exercise 14-15 Telnet Co   Exercise 07-03-2011
5BusinessE 14-15 An unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities.   Exercise 14-15 Telnet Co   Exercise 14-15 P07-03-2011
5BusinessAn unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities.   Exercise 14-15 Telnet Co   Exercise 14-15 Pledged a07-03-2011
4BusinessExercise 14-15 An unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities.   E 14-15 Telnet Co.   Exercise 14-15 07-03-2011
4BusinessAn unsecured creditor of Telnet Co. is monitoring Telnet’s financing activities.   E 14-15 Telnet Co.   Exercise 14-15 Pledged assets 07-03-2011
3BusinessExercise 14-16C Indicate whether the company in each separate case 1 through 3 has entered into an operating lease or a capital lease.   Exerci07-03-2011
3BusinessE 14-16C Indicate whether the company in each separate case 1 through 3 has entered into an operating lease or a capital lease.   Exercise 14-107-03-2011
3BusinessIndicate whether the company in each separate case 1 through 3 has entered into an operating lease or a capital lease.   Exercise 14-16C Identi07-03-2011
2BusinessExercise 14-17C Flyer (lessee) signs a five-year capital lease for office equipment with a $20,000 annual   Exercise 14-17C Accounting for capi07-03-2011
3BusinessExercise 14-18C  General Motors advertised three alternatives for a 25-month lease on a new Blazer   Fundamental Accounting Principles, 7t07-03-2011
3BusinessE 14-18C  General Motors advertised three alternatives for a 25-month lease on a new Blazer   Fundamental Accounting Principles, 7th Ed La07-03-2011
3BusinessGeneral Motors advertised three alternatives for a 25-month lease on a new Blazer   Fundamental Accounting Principles, 7th Ed Larson Wild Chiap07-03-2011
5BusinessProblem 14-1A Stowers Research issues bonds dated January 1, 2005, that pay interest semiannually on June 30 and December 31. The bonds have a $20,00007-03-2011
12BusinessProblem 14-2A Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bo08-03-2011
12BusinessP 14-2A Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds ar08-03-2011
12Business14-2A Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds are 08-03-2011
12BusinessHeathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds are issued08-03-2011
7BusinessProblem 14-3A Saturn issues 6.5%, five-year bonds dated January 1, 2004, with a $500,000 par Problem 14-4AB   Problem 14-3A Straight-line amort08-03-2011
6BusinessE16-29 The income statement and additional data of Capitol Hill Corporation follow   E16-29 Capitol Hill Corporation   Preparing the sta09-03-2011
6BusinessThe income statement and additional data of Capitol Hill Corporation follow   E16-29 Capitol Hill Corporation   Preparing the statement 09-03-2011
6BusinessProblem 14-5A Patton issues $650,000 of 5%, four-year bonds dated January 1, 2004, that pay   Problem 14-5A Straight-line amortization of bond 09-03-2011
6BusinessP14-5A Patton issues $650,000 of 5%, four-year bonds dated January 1, 2004, that pay   Problem 14-5A Straight-line amortization of bond discoun09-03-2011
6Business14-5A Patton issues $650,000 of 5%, four-year bonds dated January 1, 2004, that pay   Problem 14-5A Straight-line amortization of bond discount09-03-2011
6BusinessPatton issues $650,000 of 5%, four-year bonds dated January 1, 2004, that pay   Problem 14-5A Straight-line amortization of bond discount &nbs09-03-2011
5BusinessProblem 14-8A On November 1, 2004, Leetch Ltd. borrows $400,000 cash from a bank by signing a   Problem 14-8A Installment notes   Fundam11-03-2011
5BusinessP14-8A On November 1, 2004, Leetch Ltd. borrows $400,000 cash from a bank by signing a   Problem 14-8A Installment notes   Fundamental A11-03-2011
5Business14-8A On November 1, 2004, Leetch Ltd. borrows $400,000 cash from a bank by signing a   Problem 14-8A Installment notes   Fundamental Ac11-03-2011
5BusinessOn November 1, 2004, Leetch Ltd. borrows $400,000 cash from a bank by signing a   Problem 14-8A Installment notes   Fundamental Accounti11-03-2011
4BusinessProblem 14-9A On January 1, 2005, Wildcat Company issues at par its 11%, four-year bonds with   Problem 14-9A Ratio of pledged assets to secure11-03-2011
4BusinessP14-9A On January 1, 2005, Wildcat Company issues at par its 11%, four-year bonds with a   Problem 14-9A Ratio of pledged assets to secured lia11-03-2011
4Business14-9A On January 1, 2005, Wildcat Company issues at par its 11%, four-year bonds with a   Problem 14-9A Ratio of pledged assets to secured liab11-03-2011
4BusinessOn January 1, 2005, Wildcat Company issues at par its 11%, four-year bonds with a   Problem 14-9A Ratio of pledged assets to secured liabilitie11-03-2011
5BusinessProblem 14-10AC Montana Company signs a five-year capital lease with Elway Company for office   Problem 14-10AC Capital lease accounting  11-03-2011
5BusinessP14-10AC Montana Company signs a five-year capital lease with Elway Company for office   Problem 14-10AC Capital lease accounting   ANSW11-03-2011
5Business14-10AC Montana Company signs a five-year capital lease with Elway Company for office   Problem 14-10AC Capital lease accounting   ANSWE11-03-2011
5BusinessMontana Company signs a five-year capital lease with Elway Company for office   Problem 14-10AC Capital lease accounting   ANSWER KEY Pr11-03-2011
5BusinessProblem 14-1B Sedona Systems issues bonds dated January 1, 2005, that pay interest semiannually on June   Problem 14-1B Computing bond price an11-03-2011
6BusinessP14-1B Sedona Systems issues bonds dated January 1, 2005, that pay interest semiannually on June   Problem 14-1B Computing bond price and recor11-03-2011
6Business14-1B Sedona Systems issues bonds dated January 1, 2005, that pay interest semiannually on June   Problem 14-1B Computing bond price and record11-03-2011
6BusinessSedona Systems issues bonds dated January 1, 2005, that pay interest semiannually on June   Problem 14-1B Computing bond price and recording is11-03-2011
6BusinessProblem 14-2B ParFour issues $1,700,000 of 10%, 10-year bonds dated January 1, 2004, that pay interest   Problem 14-2B Straight-line amortizati11-03-2011
6BusinessP14-2B ParFour issues $1,700,000 of 10%, 10-year bonds dated January 1, 2004, that pay interest   Problem 14-2B Straight-line amortization of b11-03-2011
6Business14-2B ParFour issues $1,700,000 of 10%, 10-year bonds dated January 1, 2004, that pay interest   Problem 14-2B Straight-line amortization of bo11-03-2011
6BusinessParFour issues $1,700,000 of 10%, 10-year bonds dated January 1, 2004, that pay interest   Problem 14-2B Straight-line amortization of both bon11-03-2011
7BusinessProblem 14-3B Zooba Company issues 9%,  Problem 14-4BB Refer to the bond details in Problem 14-3B.   ANSWER KEY Problem 14-3B Zooba Compa11-03-2011
6BusinessACC 281 week 4 P11-1A On January 1, 2008, the ledger of Mane Company contains the following liability accounts. Financial Accounting Transaction Anal13-03-2011
4BusinessP1.       The Connecticut Computer Company has the following selected financial results.   Practical Financial Managem14-03-2011
4BusinessP2.  Reconsider the Connecticut Computer Company of the previous problem assuming the firm has experienced some difficulties, and its EBIT has fa14-03-2011
4BusinessP3. Assume Connecticut Computer Company of the last two problems is earning an EBIT of   ANSWER KEY SOLUTION P3. Assume Connecticut Computer Co14-03-2011
4BusinessP4. Watson Waterbed Works Inc. has an EBIT of $2.75 million, can borrow at 15% interest, and pays   ANSWER KEY SOLUTION 4. Watson Waterbed Work14-03-2011
4Business5. The Tanenbaum Tea Company wants to show the stock market an EPS of $3 per share, but doesn't   ANSWER KEY SOLUTION 5. The Tanenbaum Tea Comp14-03-2011
6BusinessP6. The Canterbury Coach Corporation has EBIT of $3.62 million, and total capital of $20 million,   ANSWER KEY SOLUTION 6. The Canterbury Coach14-03-2011
7BusinessP7.  Balfour Corp has the following operating results and capital structure ($000).   ANSWER KEY SOLUTION P7.  Balfour Corp has the 14-03-2011
8BusinessP9.  You're a financial analyst at Pinkerton Interactive Graphic Systems (PIGS), a successful entrant   P9  Pinkerton Interactive Gr14-03-2011
6BusinessP10.  Cranberry Wood Products Inc. spends an average of $9.50 in labor and $12.40 in materials on   ANSWER KEY SOLUTION P10.  Cranber14-03-2011
5BusinessP11 Referring to the Cranberry Company of the previous problem   ANSWER KEY SOLUTION 11. Referring to the Cranberry Company of the previous pro14-03-2011
4BusinessP 12 BWP projects sales of 100,000 units next year at an average price of $50 per unit.  Variable   ANSWER KEY SOLUTION P 12 BWP projects 14-03-2011
5BusinessP 13 BWP intends to purchase a machine that will result in a major improvement in product quality   ANSWER KEY SOLUTION 13.  BWP intends t14-03-2011
2BusinessP14  Calculate BWP’s DFL and DTL before and after the acquisition of the new machine.   ANSWER KEY SOLUTION P14 Calculate BWP’s DFL an14-03-2011
4BusinessP15 Use the information from the previous two problems.  Calculate BWP’s breakeven point in   ANSWER KEY SOLUTION 15 Use the information14-03-2011
6BusinessP16 The Spitfire Model Airplane Company has the following modified income statement ($000)   ANSWER KEY SOLUTION 16 The Spitfire Model Airplane15-03-2011
7BusinessP17  The Singleton Metal Stamping Company is planning to buy a new computer controlled   ANSWER KEY SOLUTION P17.  The Singleton Meta15-03-2011
2.5BusinessP18.  Schoen Industries pays interest of  $3 million each year on bonds with an average coupon rate   ANSWER KEY SOLUTION P18.  15-03-2011
1Business 1. A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 15-03-2011
1Business 1. A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 15-03-2011
3Business 1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 2) The ne15-03-2011
2BusinessP18.  Schoen Industries pays interest of  $3 million each year on bonds with an average coupon rate   ANSWER KEY SOLUTION P18.  15-03-2011
7BusinessP19 Assume Schoen Industries of the last problem is subject to income tax at a rate of 40%.    ANSWER KEY SOLUTION 19.  Assume Schoe15-03-2011
3Business5.1. Gateway Appliance toasters sell for $20 per unit, and the variable cost to produce them is $15. Gateway estimates that the fixed costs are $80,0017-03-2011
3Business5.1. Gateway Appliance toasters sell for $20 per unit, and the variable cost to produce them is $15. Gateway estimates that the fixed costs are $80,0017-03-2011
2.5Business5. 2 Hazardous Toys Company produces boomerangs that sell for $8 each and have a variable cost of $7.50. Fixed costs are $15,000.   ANSWER KEY 17-03-2011
2.5BusinessB7. (Yield to maturity) Coca-Cola has a zero-coupon bond that will pay $1,000 at maturity in five years. Today the bond is selling for $790.09. What i17-03-2011
2.5BusinessB7. Yield to maturity Coca-Cola has a zero-coupon bond that will pay $1,000 at maturity in five years. Today the bond is selling for $790.09. What is 17-03-2011
2.5BusinessB8. (Yield to maturity) J.C. Penney has a zero-coupon bond that will pay $1,000 at maturity in 25 years. Today the bond is selling for $98.24. What is17-03-2011
2.5BusinessB8. Yield to maturity J.C. Penney has a zero-coupon bond that will pay $1,000 at maturity in 25 years. Today the bond is selling for $98.24. What is i17-03-2011
3BusinessB1. (Yield to maturity) DuPont’s 8.45% bonds closed yesterday at 103. If these bonds mature in 15.5 years, what is the yield to maturity of these bo17-03-2011
3BusinessB1. Yield to maturity. DuPont’s 8.45% bonds closed yesterday at 103. If these bonds mature in 15.5 years, what is the yield to maturity of these bon17-03-2011
3BusinessDuPont’s 8.45% bonds closed yesterday at 103. If these bonds mature in 15.5 years, what is the yield to maturity of these bonds? What is their APY? 17-03-2011
3BusinessB2. (Yield to maturity) GMAC’s 8.75% bonds closed yesterday at $952.50. If these bonds mature in 11 years, what is the yield to maturity of these bo17-03-2011
3BusinessB2. Yield to maturity. GMAC’s 8.75% bonds closed yesterday at $952.50. If these bonds mature in 11 years, what is the yield to maturity of these bon17-03-2011
3BusinessGMAC’s 8.75% bonds closed yesterday at $952.50. If these bonds mature in 11 years, what is the yield to maturity of these bonds? What is their APY? 17-03-2011
3BusinessB4. (Remaining maturity) MCI’s 6.5% bonds closed yesterday at $948.90. If a coupon payment was made yesterday and the yield to maturity on these bon17-03-2011
3BusinessB4. Remaining maturity MCI’s 6.5% bonds closed yesterday at $948.90. If a coupon payment was made yesterday and the yield to maturity on these bonds17-03-2011
3Business MCI’s 6.5% bonds closed yesterday at $948.90. If a coupon payment was made yesterday and the yield to maturity on these bonds is 7.4%, when do17-03-2011
5BusinessB6. (Yield to call) Xerox has a 8.5% coupon bond that has a remaining maturity of 16 years. The bond is callable in three years at a price of $1,100. 17-03-2011
5BusinessB6. Yield to call. Xerox has a 8.5% coupon bond that has a remaining maturity of 16 years. The bond is callable in three years at a price of $1,100. I17-03-2011
5BusinessXerox has a 8.5% coupon bond that has a remaining maturity of 16 years. The bond is callable in three years at a price of $1,100. Its current market p17-03-2011
3BusinessB9. (Yield to call) Samsung has a bond that cannot be called today but can be called in four years at a call price of $1,080. The bond has a remaining17-03-2011
3BusinessB9. Yield to call. Samsung has a bond that cannot be called today but can be called in four years at a call price of $1,080. The bond has a remaining 17-03-2011
3BusinessSamsung has a bond that cannot be called today but can be called in four years at a call price of $1,080. The bond has a remaining maturity of 16 year17-03-2011
3BusinessB10. (Yield to call) MCI has a bond that cannot be called today. It can, however, be called in two years at a call price of $1,050. The bond has a rem17-03-2011
3BusinessB10. Yield to call. MCI has a bond that cannot be called today. It can, however, be called in two years at a call price of $1,050. The bond has a rema17-03-2011
3BusinessMCI has a bond that cannot be called today. It can, however, be called in two years at a call price of $1,050. The bond has a remaining maturity of ei17-03-2011
2.5BusinessB11. (Required return) What required return is implied by the constant growth model for a stock that is selling for $25.00 per share and is expected t17-03-2011
2.5Business(Required return) What required return is implied by the constant growth model for a stock that is selling for $25.00 per share and is expected to pay17-03-2011
2.5BusinessWhat required return is implied by the constant growth model for a stock that is selling for $25.00 per share and is expected to pay a single cash div17-03-2011
2.5BusinessB13. (Expected dividend growth rate) Suppose that MTA is expected to pay $4.00 in cash dividends next year at the rate of $1.00 per quarter and that t17-03-2011
2.5BusinessExpected dividend growth rate. Suppose that MTA is expected to pay $4.00 in cash dividends next year at the rate of $1.00 per quarter and that the req17-03-2011
2.5BusinessSuppose that MTA is expected to pay $4.00 in cash dividends next year at the rate of $1.00 per quarter and that the required return on MTA stock is 1417-03-2011
2.5BusinessB12. (Required return) What required return is implied by the constant growth model for a stock that is selling for $47.00 per share and is expected t17-03-2011
2.5Business(Required return) What required return is implied by the constant growth model for a stock that is selling for $47.00 per share and is expected to pay17-03-2011
2.5BusinessWhat required return is implied by the constant growth model for a stock that is selling for $47.00 per share and is expected to pay a single cash div17-03-2011
3BusinessB3. (Remaining maturity) IBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and the yield to maturity on these bon17-03-2011
3BusinessRemaining maturity. IBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and the yield to maturity on these bonds is17-03-2011
3BusinessIBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and the yield to maturity on these bonds is 10%, when do these 17-03-2011
10BusinessB15. (Interest-rate risk) A quick look at bond quotes will tell you that GMAC has many different issues of bonds outstanding. Suppose that four of the17-03-2011
3BusinessA $1000 face value bond has a remaining maturity of 8 years and a required return of 11%. The bond’s coupon rate is 6%. What is the fair value of th19-03-2011
2.5BusinessAssume ABC is expected to pay a total cash dividend of $7.50 next year and its dividends are expected to grow at a rate of 5% per year forever. Assumi19-03-2011
1BusinessABC $4.25 preferred is selling for $50.75. The preferred dividend is non-growing. What is the required return on ABC preferred stock?19-03-2011
2BusinessSuppose ABC has non-maturing (perpetual) preferred stock outstanding that pays $2.20 per quarter and has a required return of 8% (2% per quarter). Wha19-03-2011
9BusinessABC has many bonds trading on the NYSW. Suppose ABC’s bonds have identical coupon rates of 8.75% but that one issue matures in 1 year, one in 5 year19-03-2011
6BusinessYou buy a very risky bond that promises a 12% coupon and return of the $1000 principle in 5 years. You pay only $500 for this bond.   a. You r19-03-2011
8BusinessABC is a profitable firm that is not paying a dividend on its common stock with a required return of 10%. a. If ABC begins paying a $1.50 per share 19-03-2011
9BusinessThe riskless return is currently 8% and ABC has estimated the contingent returns given here. a. Calculate the expected return on the stock market. 19-03-2011
30Business8 finance questions - A $1000 face value bond has a remaining maturity of 8 years and a required return of 11%. The bond’s coupon rate is 6%. What i20-03-2011
1BusinessSavadyne, Inc. produces flash drives. The selling price is $8 per drive. The variable cost of production is $2.40 per unit and the fixed cost per mont20-03-2011
1BusinessComputer Boutique sells computer equipment and home office furniture. Currently, the furniture product line takes up approximately 50% of the company'20-03-2011
3Business5.1 The Argo Pamphlet Company’s dividend payout ratio is 35%.  It is currently paying an annual dividend of $1.30.   ANSWER KEY SOLUTION21-03-2011
3BusinessThe Argo Pamphlet Company’s dividend payout ratio is 35%.  It is currently paying an annual dividend of $1.30.   ANSWER KEY SOLUTION 5.121-03-2011
3Business15.2 The Argo Pamphlet Company’s dividend payout ratio is 35%.  It is currently paying an annual dividend of $1.30.   ANSWER KEY SOLUTIO21-03-2011
4Business15-2 Richard Ingram just bought 1,000 shares of Sisson Electronics at $40 per share.  He plans to   ANSWER KEY SOLUTION 15-2. Richard Ingr21-03-2011
4Business15-1 Richard Ingram just bought 1,000 shares of Sisson Electronics at $40 per share.  He plans to   ANSWER KEY SOLUTION 15-1 Richard Ingra21-03-2011
3Business15. 3 Randal Flapjack is a retired short-order cook living on a fixed income in the state of Utopia   ANSWER KEY SOLUTION 15. 3 Randal Flapjack21-03-2011
3Business15-4 Biltmore Industries has grown at an average of 6% per year over its long history.  Its stock price   ANSWER KEY SOLUTION 15-4 Biltmor21-03-2011
3BusinessBiltmore Industries has grown at an average of 6% per year over its long history.  Its stock price   ANSWER KEY SOLUTION 15-4 Biltmore Ind21-03-2011
2Business15-5 The Holderall Rope and Yarn Co. has 2 million common shares outstanding.  Its capital structure   ANSWER KEY SOLUTION 15-5 The Holder21-03-2011
2Business15-6 The Montauk Company has a dividend reinvestment plan in which shareholders owning 25% of   ANSWER KEY SOLUTION 15-6The Montauk Company has21-03-2011
1.5Business15- 7Segwick Petroleum Ltd. has a dividend reinvestment plan in which new stock is issued to   ANSWER KEY SOLUTION 15- 7Segwick Petroleum Ltd. 21-03-2011
2.5BusinessP15-8.  Harrison Hardware anticipates $2 million in net income next year and a 20% participation in   ANSWER KEY SOLUTION P15-8. &nbs21-03-2011
3Business15-9 You own 1,000 shares of Jennings Corp. stock, which is currently selling for $88.00.  Calculate   ANSWER KEY SOLUTION 15-9 You own 1,21-03-2011
5BusinessP15-10 The Addington Book Company has the following equity position.  The stock is currently selling for $3 per share.   ANSWER KEY SOLUTI21-03-2011
5BusinessP15- 11Seinway Corp. just declared a 10% stock dividend.  Before the dividend the stock sold   ANSWER KEY SOLUTION P15- 11Seinway Corp. ju21-03-2011
5BusinessP15-12 Wysoski Enterprises is considering a stock dividend.  The firm’s capital includes 3 million   ANSWER KEY SOLUTION P15-12 Wysoski 21-03-2011
2BusinessP15-13 The Alligator Lock Company is planning a two-for-one stock split.  You own 5,000 shares of   ANSWER KEY SOLUTION P15-13 The Alligat21-03-2011
3BusinessP15-14 The Featherstone Corp. has $8M in cash for its next dividend but is considering a repurchase   ANSWER KEY SOLUTION P15-14 The Feathersto21-03-2011
3BusinessP15-15 Parnell Bolts Inc. has 20 million common shares outstanding and net income of $30 million.    ANSWER KEY SOLUTION P15-15 Parnell B21-03-2011
3BusinessP15-16 Tydek Inc. just lost a major lawsuit and its stock price dropped by 40% to $6.  There are 3.5   ANSWER KEY SOLUTION P16-16 Tydek In21-03-2011
6BusinessP15-17 The stock market is generally depressed, and the price of Westin Metals Inc.’s common shares   ANSWER KEYS OLUTION P15-17 The stock ma21-03-2011
1BusinessP13-1Blazingame Inc.'s capital components have the following market values   ANSWER KEY SOLUTION P13-1Blazingame Inc.'s capital components hav21-03-2011
3BusinessP13-2 The Aztec Corporation has the following capital components and costs.  Calculate Aztec's WACC.   ANSWER KEY SOLUTION P13-2 The Azte21-03-2011
1BusinessP13-3 Willerton Industries Inc. has the following balances in its capital accounts as of 12/31/x3   ANSWER KEY SOLUTION P13-3 Willerton Industr21-03-2011
3BusinessP13-4   Referring to Willerton Industries of the previous problem, the company’s long term debt is   ANSWER KEY SOLUTION P13-4 21-03-2011
3BusinessP13-5 Again referring to Willerton of the two previous problems, assume the firm’s cost of retained   ANSWERKEY SOLUTION P13-5 Again referrin21-03-2011
5BusinessP13-6.  A relatively young firm has capital components valued at book and market and market   ANSWER KEY SOLUTION P13-6. A relatively youn21-03-2011
5BusinessP13-7 Five years ago Hemingway Inc. issued 6,000 thirty-year bonds with par values of $1,000 at a   ANSWER KEY SOLUTION P13-7 Five years ago He21-03-2011
5BusinessP13-8 The Wall Company has 142,500 shares of common stock outstanding that are currently selling   ANSWER KEY SOLUTION P13-8 The Wall Company h21-03-2011
4BusinessP13-9 The market price of Albertson Ltd.’s common stock is $5.50, and 100,000 shares are   ANSWER KEY P13-9 The market price of Albertson Ltd21-03-2011
2.5BusinessP13-10 Asbury Corp. issued 30-year bonds 11 years ago with a coupon rate of 9.5%.  Those bonds   ANSWER KEY SOLUTION P13-10.   A21-03-2011
2BusinessP13-11 The Dentite Corporation’s bonds are currently selling to yield new buyers a 12% return on   ANSWER KEY SOLUTION P13-11 The Dentite Cor21-03-2011
3BusinessP13-12 Kleig Inc.'s bonds are selling to yield 9%.  The firm plans to sell new bonds to the general   ANSWER KEY P13-12 Kleig Inc.'s bonds21-03-2011
1.5BusinessP13-13 Harris Inc.’s preferred stock was issued five years ago to yield 9%.  Investors buying those   ANSWER KEY SOLUTION P13-13 Harris 21-03-2011
1BusinessP13-14 Fuller, Inc. issued $100, 8% preferred stock five years ago.  It is currently selling for $84.50.   ANSWER KEY P13-14 Fuller, Inc. 21-03-2011
2BusinessP13-15 A few years ago Hendersen Corp issued preferred stock paying 8% of its par value of $50.   ANSWER KEY SOLUTION P13-15 A few years ago He21-03-2011
2.5BusinessP13-16 New buyers of Simmonds Inc. stock expect a return of about 22%.  The firm pays flotation   ANSWER KEY P13-16 New buyers of Simmonds21-03-2011
2.5BusinessP13-17 Klints Inc. paid an annual dividend of $1.45 last year.  The firm’s stock sells for $29.50 per   ANSWER KEY SOLUTION P13-17 Klint21-03-2011
3BusinessP13- 18 The Pepperpot Company's stock is selling for $52.  Its last dividend was $4.50, and the firm   ANSWER KEY SOLUTION P13- 18 The Pep21-03-2011
1BusinessP13-19 The Longlife Insurance Company has a beta of .8.  The average stock currently returns 15%   ANSWER KEY SOLUTION P13-19 The Longlife21-03-2011
1.5BusinessP13-20 The Longlife Insurance Company of the preceding problem has several bonds outstanding that   ANSWER KEY SOLUTION P13-20 The Longlife Ins21-03-2011
4BusinessP13-21 Hammell Industries has been using 10% as its cost of retained earnings for a number of years.   ANSWER KEY SOLUTION P13-21 Hammell Indus21-03-2011
1.5BusinessP13-22 Suppose Hammell of the previous problem needs to issue new stock to raise additional equity   ANSWER KEY SOLUTION P13-22 Suppose Hammell21-03-2011
6BusinessP13-23 Whitley Motors Inc. has the following capital.   ANSWER KEY P13-23 Whitley Motors Inc. has the following capital.   P13-23 Whit21-03-2011
6BusinessP13-24 The Longenes Company uses a target capital structure when calculating the cost of capital.   ANSWER KEY P13-24 The Longenes Company uses21-03-2011
8BusinessP13-25 Taunton Construction Inc.'s capital situation is described as follows:   ANSWER KEY P13-25 Taunton Construction Inc.'s capital situatio21-03-2011
8BusinessP13-26 Newrock Manufacturing Inc. has the following target capital structure   ANSWER JEY P13-26.  Newrock Manufacturing Inc. has the fol21-03-2011
4BusinessP12-1 The Glendale Corp. is considering a real estate development project that will cost $5M to   ANSWER KEY P12-1 The Glendale Corp. is consid22-03-2011
2BusinessP12-2 If Glendale’s management in the last problem attaches a probability of .7 to the better outcome,   ANSWER KEY P12-2 If Glendale’s man22-03-2011
3.5BusinessP12-3 Keener Clothiers Inc. is considering investing $2 million in an automatic sewing machine to   ANSWER KEY P12-3 Keener Clothiers Inc. is c22-03-2011
4BusinessP12-4 Assume Keener Clothiers of the last problem assigns the following probabilities to production   ANSWER KEY P12-4 Assume Keener Clothiers 22-03-2011
7BusinessP12-5 The Blazingame Corporation is considering a three-year project that has an initial cash outflow   ANSWER KEY P12-5 The Blazingame Corpora22-03-2011
5BusinessP12-6 Sanville Quarries is considering acquiring a new drilling machine which is expected to be more   ANSWER KEY P12-6 Sanville Quarries is co22-03-2011
6BusinessP12-8 Northwest Entertainment Inc. operates a multiplex cinema that has nine small theaters in one   ANSWER KEY P12-8 Northwest Entertainment I22-03-2011
6BusinessP12-9 Work Station Inc. manufactures office furniture.  The firm is interested in “ergonomic”   ANSWER KEY P12-9 Work Station Inc. man22-03-2011
6BusinessP12-10 Resolve the last problem assuming Work Station Inc has an abandonment option at the end of   ANSWER KEY P12-10 Resolve the last problem 22-03-2011
6BusinessP12-11 Vaughn Clothing is considering refurbishing its store at a cost of $1.4 million.  Management   ANSWER KEY P12-11 Vaughn Clothing is22-03-2011
6BusinessP12-12 Vaughn Clothing of the previous problem has a real option possibility.  Carlson Flooring has   ANSWER KEY P12-12 Vaughn Clothing of22-03-2011
2.5BusinessGilda Nardi Deposits $5,325 in a bank that pays 12% interest, compounded quarterly. Find the amount she will have at the end of 7 years?22-03-2011
2BusinessJack Beggs plans to invest $30,000 at 10% compounded semiannually for 5 years. What is the future value of the investment?22-03-2011
2.5BusinessPine vally saving bank offers a certificate of deposit at 12% interest, compounded quarterly. what is the effective rate (APY of interest?22-03-2011
2BusinessEileen Hogarty Deposits $5,630 in City bank, which pays 12% interest, compounded quarterly. How much money will she have in her account at the end of 22-03-2011
5Business4-6A. (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows: January $ 90,000 May $300,000 Feb22-03-2011
5Business4-6A. Cash budget. The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows: January $ 90,000 May $300,000 Febru22-03-2011
5Business(Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004   4-6A. (Cash budget) The Sharpe Corporation’s pr22-03-2011
5BusinessThe Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows   4-6A. (Cash budget) The Sharpe Corporation’s p22-03-2011
1.5Business Prepare journal entries to record the following transactions for Skylar Corporation:   QS 13-4 Chapter 13 Accounting for Corporat25-03-2011
3Business The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   QS 13-5 Chapter 13 Accounting fo25-03-2011
1BusinessSummerdahl Resort’s common stock is currently trading at $36 a share. The stock is expected to pay a dividend of $3.00 a share at the end of the yea26-03-2011
3BusinessThe H&H Computer Company has an outstanding issue of bond with a par value of $1,000, paying 12 percent coupon rate semi-annually. The bond was is27-03-2011
5BusinessRed Sauce Canning Co Realizable Value Method for cost per case by product   Red Sauce Canning Company processes tomatoes into catsup, tomato 28-03-2011
5BusinessJack Sawyer is presently leasing a copier from John Office Equipment Company. The lease requires 11 annual payments of $3,500 at the end of each year 28-03-2011
10Business P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Ye28-03-2011
5BusinessP12- 13 Spitfire Aviation Inc. manufactures small, private aircraft.  Management is evaluating a   ANSWER KEY SOLUTION P12- 13 Spitfire Av28-03-2011
4BusinessP12- 14 If Spitfire elects to do the project, what is an abandonment option at the end of year 1 worth if   ANSWER KEY SOLUTION P12- 14 If Spit28-03-2011
6BusinessP12-15 The New England Brewing Company produces a super premium beer using a recipe that’s   ANSWER KEY P12-15 The New England Brewing Compan28-03-2011
4BusinessP12-16             Hudson Furniture specializes in office furniture for self-employed individua28-03-2011
5BusinessP12-17 Crest Concrete Inc. has been building basements and slab foundations for new homes in La   ANSWER KEY SOLUTION P12-17 Crest Concrete Inc28-03-2011
6BusinessP12-18 Illinois Fabrics Inc. makes upholstery that’s used in high-quality furniture, largely chairs and   ANSWER KEY SOLUTION P12-18 Illinois28-03-2011
3BusinessP11-1 A project that is expected to last six years will generate a profit and cash flow contribution New Venture Cash Flows – Depreciation   29-03-2011
3BusinessP11-2 Auburn Concrete Inc. is considering the purchase of a new concrete mixer to replace an   ANSWER KEY P11-2 Auburn Concrete Inc. is conside29-03-2011
3BusinessP11-3 Flextech Inc. is considering a project that will require new equipment costing $150,000.  It will Replacement Projects – Sale of an Old 29-03-2011
3BusinessP11-4 Tomatoes Inc. is planning a project that involves machinery purchases of $100,000.  The new Replacement Projects – Initial Outlay  29-03-2011
3BusinessP11-5 The Olson Company plans to replace an old machine with a new one costing $85,000.  The old   ANSWER KEY P11-5 The Olson Company plan29-03-2011
4BusinessP11-6 A four-year project has cash flows before taxes and depreciation of $12,000 per year.  The   ANSWER KEY SOLUTION P11-6 A four-year p29-03-2011
3BusinessP11-7 Voxland Industries purchased a computer for $10,000, which it will depreciate straight line   ANSWER KEY SOLUTION P11-7 Voxland Industrie29-03-2011
3BusinessP11-8 Resolve the previous problem assuming Voxland uses the 5-year Modified Accelerated Cost   ANSWER KEY SOLUTION P11-8 Resolve the previous 29-03-2011
3BusinessP11-9 Shelton Pharmaceuticals Inc. is introducing a new drug for pain relief.  Management expects to   ANSWER KEY P11-9 Shelton Pharmaceut29-03-2011
4BusinessP11-10 Harry and Flo Simone are planning to start a restaurant.  Stoves, refrigerators, other kitchen New Venture Cash Flows   ANSWER KE29-03-2011
6BusinessP11-11 Oxbow Inc. is contemplating a new venture project and has done a detailed five year cash Terminal Values   ANSWER KEY SOLUTION P11-11. 29-03-2011
7BusinessP11-12 Sam Dozier, a very bright computer scientist, has come up with an idea for a new product.    ANSWER KEY SOLUTION P11-12 Sam Dozier29-03-2011
6BusinessP11-13 The Leventhal Baking Company is thinking of expanding its operations into a new line of   ANSWER KEY SOLUTION P11-13 The Leventhal Bakin29-03-2011
4BusinessP11-14 Harrington Inc. is introducing a new product in its line of household appliances.  Household New Venture Cash Flows – Working Capital 29-03-2011
5BusinessP11-15 Meade Metals Inc plans to start doing its own deliveries instead of using an outside service for Replacement Projects   ANSWER KEY SOLU29-03-2011
4BusinessP11-16 Assume that Meade Metals Inc of the previous problem is replacing an old truck with a new   ANSWER KEY P11-16 Assume that Meade Metals I29-03-2011
5BusinessP11-17 Olson-Jackson Corp. (OJC) is considering replacing a machine that was purchased only two   ANSWER KEY P11-17 Olson-Jackson Corp. (OJC) i29-03-2011
6BusinessP11-18 The Catseye Marble Co. is thinking of replacing a manual production process with a machine.    ANSWER KEY P11-18The Catseye Marble29-03-2011
7BusinessP11-19 Blackstone Inc manufactures western boots and saddles.  The company is considering Replacement Projects – Subjective Issues   AN29-03-2011
7BusinessP11-20 The Ebitts Field Corp. manufactures baseball gloves. Charlie Botz, the company's top New Venture/Expansion – Terminal Values   ANSWER29-03-2011
7BusinessP11-21Segwick Corp manufactures men's shoes that it sells through its own chain of retail stores.    ANSWER KEY P11-21Segwick Corp manufa29-03-2011
5BusinessFIN ACC 557 Problem 6-3A Eddings Company has a beginning inventory of 400 units of product XNA at a cost of FIN ACCT 557 P6-3A Eddings Company P6-3A30-03-2011
5BusinessEx 16 Sprint Nextel is one of the largest digital wireless service providers in the United States. In a   Financial Accounting Managerial Acco31-03-2011
5BusinessMoon Valley Cabinets is approached by Ms. Luanne Birch, a new customer, to fulfill a large one-time-only special order for a product similar to one of31-03-2011
5BusinessMoon Valley Cabinets is approached by Ms. Luanne Birch, a new customer, to fulfill a large one-time-only special order for a product similar to one of01-04-2011
5BusinessOakland Company had the following cash flows and other activities for the quarter ended March 31, 2002.   Depreciation expense $24,000 Paid f01-04-2011
6Business6-13 You have observed the following returns over time: Year    Stock X         &nbs01-04-2011
6Business14-4 Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares   14-4 Capital Structure Analysis  01-04-2011
6BusinessPettit Printing Company has a total market value of $100 million, consisting of 1 million shares   14-4 Capital Structure Analysis   14-01-04-2011
5BusinessElliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity. The firm does not currently 01-04-2011
5Business15-12 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only   15-12 WACC and optimal capital struct01-04-2011
5Business9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals    9-1 Fundamentals of Financial Manageme01-04-2011
2BusinessStock Pricing-- Two investors are evaluating GE’s stock for possible purchase.  They agree on the expected value of D1 and also on the expected01-04-2011
2Business9-3 Two investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Financial Management By Eug01-04-2011
3Business3-Preferred Stock-- A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond similar to a 01-04-2011
3Business9-5 A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond similar to a no-growth common01-04-2011
4BusinessMidland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the current price of the bonds if01-04-2011
4BusinessInterest rate effectTable 10-1 Bond price table(10% Interest Payment, 20 Years to Maturity)Yield to Maturity Bond Price2% $2,308.104 1,815.006 1,459.001-04-2011
2BusinessNorth Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the passage of time, yields have soar01-04-2011
1BusinessPreferred stock rate of return- Analogue Technology has preferred stock outstanding that pays a $9 annual dividend. It has a price of $76. What is the01-04-2011
4BusinessCommon stock value - Friedman Steel Company will pay a dividend of $1.50 per share in the next 12 months (D1). The required rate of return (Ke) is 10 01-04-2011
1BusinessCommon stock value based on determining growth rate - A firm pays a $4.90 dividend at the end of year one (D1), has a stock price of $70, and a consta01-04-2011
2.5BusinessPresent value - Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and01-04-2011
2.5BusinessAlternative present values - - Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for01-04-2011
3BusinessPayments required - You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term certificate of deposit (compoun01-04-2011
4BusinessWarr Corporation just paid a dividend of $1.60 a share. The dividend is expected to grow 6% a year for the next 3 years and then at 5.5% a year therea05-04-2011
3BusinessHarrison Clothier’s stock currently sells for $22 a share. It just paid a dividend of $1.00 per share. The dividend is expected to grow at a constan05-04-2011
2.5BusinessSmith Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a constant rate of 6% per year ind05-04-2011
3BusinessWhat will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of par, and a current market pri05-04-2011
1.5BusinessThe Heuser Company’s currently outstanding bonds have a 10% coupon and a 11% yield to maturity. Heuser believes it could issue new bonds at par that05-04-2011
2BusinessPercy Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to maturity on the company’s outst05-04-2011
5Business1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 2) The net present v05-04-2011
4Business) What is the primary goal of financial management? A. Maximizing shareholder wealth B. Minimizing risk of the firm C. Increased earnings D. M05-04-2011
3BusinessA convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is 40. The stock currently sells05-04-2011
2BusinessWhat is the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end of the second year? The initial05-04-2011
1.5BusinessIf the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate?05-04-2011
1.5BusinessThorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compounded semiannually. Which of t05-04-2011
2.5BusinessIn 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $220 and current liabilities wer05-04-2011
2BusinessYou bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your stock was worth $2,500 total. 05-04-2011
1.5BusinessWhat is the present value of 10 annual payments of $500 at a discount rate of 12%?05-04-2011
2BusinessUnion Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received dividend payments of $1.50 per sha05-04-2011
6BusinessExercise 7-15 Direct Materials and Direct Labor Budgets   Exercise 7-15 Priston Company   The production department of Priston Company 05-04-2011
6BusinessThe production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 05-04-2011
9BusinessProblems 7-20A Cash Budget; Income Statement; Balance Sheet   Problems 7-20A Quinten Company   Quinten Company is a wholesale distributo05-04-2011
9Business Quinten Company is a wholesale distributor of soft drinks.  The company’s balance sheet as of April 30 is given below:   Problems 7-205-04-2011
1.5BusinessWhat is the Future Value at the end of 17 years of depositing $1,750 into a Mutual Fund today, assuming the fund is expected to earn 12% a year?05-04-2011
3BusinessYou are considering the purchase of a bond with a semiannual coupon of $40, Ten years to maturity, a face value of $1,000, and a current market price 05-04-2011
5BusinessCalculate the expected return on the portfolio  [E ( R )] of the following assets if you invest 20% in asset 1, 30% in asset 2, and 50% in asset 05-04-2011
5BusinessYou are considering an investment in a project with a life of eight years, an initial outlay $120,000, and annual after-tax cash flows of $52,000.&nbs05-04-2011
5BusinessCalculate the IRR for the following cash flows. Is the project acceptable if the firm’s cost of capital is 12%?       End 05-04-2011
3BusinessYou have been asked to assist your friends with some personal financial planning.  Following their current budget they find they are able to save05-04-2011
2.5BusinessYour corporation has the following stockholders equity.   Common Stock at par           05-04-2011
3.5BusinessWhat is the expected inflation rate in the U.S. and Japan if the real rate of interest in the U.S. is 5% and in Japan 2%, while the nominal interest r05-04-2011
3BusinessSuppose the annual risk-free rate in the U.S. is 3%.  The annual risk-free rate in Pounds Sterling is 5%.  The spot rate of exchange is .62505-04-2011
2.5BusinessAcme offers its customers a cash discount of 4% if payment is made within 15 days, rather than its current net 45 policy.  Assuming a 365-day yea05-04-2011
1.5BusinessCalculate the present value of an annuity due of $3,600 at 9% for 16 years.  05-04-2011
15Business1.      What is the Future Value at the end of 17 years of depositing $1,750 into a Mutual Fund today, assuming the fund is e05-04-2011
7Business1.Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. break-even sales in units= 2. Given: Sales, $4005-04-2011
4Business1-28 Atlanta Corporation’s balance sheet at March 30, 20X4, contained only the following items (arranged here in random order)   1-28 Prepare05-04-2011
6BusinessFin 315 Brown Grocery is considering a project that has an up-front cost of $X   Brown Grocery is considering a project that has an up-front co05-04-2011
6BusinessBrown Grocery is considering a project that has an up-front cost of $X. The project will generate a   Fin 315 Brown Grocery is considering a pr05-04-2011
5BusinessIntroduction to Finance Week 5 – Numerical Exercises 2. Given the compressed version of balance sheet and income statement; estimate the amount of 05-04-2011
5Business5-12 Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings   5-12 Non constant growth stock valuation05-04-2011
5BusinessWhat will be the nominal rate of return on a preferred stock with a $100 par value, a stated dividend of 8% of par, and a current market price of (a)&05-04-2011
3Business2.Select the incorrect statement about the master budget. A) The master budget is a group of detailed budgets and schedules representing the company05-04-2011
1Businesshelp05-04-2011
4BusinessPractice Exercise 2-14 Use the expanded accounting equation to compute the missing quantity.     Assets Liabilities 05-04-2011
2.5BusinessBH Fundamentals of financial management By Eugene F. Brigham, Joel F. Houston   CHAPTER 2 - 33 Time Value Money   2-33 FV of uneven cash05-04-2011
6Business1. Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units. 2-B2 Basic CVP 05-04-2011
2.5Business3. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 an05-04-2011
7BusinessIntermediate Accounting (Leases, two problems, need complete assignment by April 8th.05-04-2011
7BusinessBoehning Corporation's balance sheet and income statement appear below: Comparative Balance Sheet End Balance       06-04-2011
6Business. You will receive $5,000 three years from now. The discount rate is 8 percent. a. What is the value of your investment two years from now? Multiply $06-04-2011
3BusinessIntroduction to Finance Week 5 – Numerical Exercises 4. Given the following data develop weekly cash budget Minimum cash required is $50 and the be06-04-2011
5Business4. If you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. In 2506-04-2011
5Business 4. Present Value of an Annuity. What is the present value of a. $387 a year for 5 years at a 9 percent discount rate? b. $798 a ye06-04-2011
7Business4-6A. (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:January $ 90,000 May $300,000February06-04-2011
10Business4-9 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity.  Bond L has a maturi06-04-2011
3Business5. Given the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables   = 81 days Calculate the cash06-04-2011
2.5Business5. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose?06-04-2011
2Business 5.1 Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually...? Jackson Corporation's bonds have 12 y06-04-2011
5Business5.5 Treasury bond that matures in 10 years has a yield of 6%. A 10 year corporate bond has a yield of 9%. Assume that the liquidity premium on the cor06-04-2011
8Business5-1. The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond pays interest semiannually at a 10% annual rate06-04-2011
5Business5-1A. (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 10 years at 10 percent compounded annually06-04-2011
5Business5-4A. (Present value) What is the present value of the following future amounts?a. $800 to be received 10 years from now discounted back to the presen06-04-2011
5Business5-5A. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $500 a year for 10 years compounded annually a06-04-2011
5Business5-6A. (Present value of an annuity) What is the present value of the following annuities? a. $2,500 a year for 10 years discounted back to the prese06-04-2011
10BusinessThe Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity.  Bond L has a maturity o06-04-2011
5Business5-10 HexCorp Inc. has two different bonds currently outstanding. Bond A has a face value of $40,000 and matures in 20 years   Corporate Finance06-04-2011
6Business5-12 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity.   5-12 WACC and 06-04-2011
6BusinessElliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity. The firm does not currently 06-04-2011
5Business5-12. Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings; hence it does not pay any dividends.  Howe06-04-2011
20Business5-21 Highland Cable Company is considering an expansion of its facilities   21. Highland Cable Company is considering an expansion of its facil06-04-2011
3BusinessCalculate the cost of trade credit   given terms of 3/20 net 60  06-04-2011
3Business6.3 Risk free rate is 5 and the market risk premium is 6 What is the expected return for the overall stock market What is the required rate of return 06-04-2011
5Business6.4 A stock's returns have the following distribution: Demand for Probability of Rate of return Company's this Demand if this demand Products Occurrin06-04-2011
2BusinessWeek 3 6-1 Portfolio Beta. An individual has $ 35,000 invested in a stock which has a beta of 0.8 and $ 40,000 invested in a stock with a beta of 1.4.06-04-2011
4Business6-6 The Pancake Corporation recently paid a $3 dividend, and is expected to grow at 5% forever.  Investors generally require an expected return o06-04-2011
3BusinessA firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 0.2506-04-2011
20Business(1) A $1000 face value bond has a remaining maturity of 8 years and a required return of 11%. The bond’s coupon rate is 6%. What is the fair value o07-04-2011
4BusinessGiven the following data: Year 0 1 2 3 4 Cash Flow 100 50 40 40 15 Calculate the payback period and the NPV (Discount rate is 15%) 07-04-2011
6Business8-35 As part of the analytical procedures of Mahogany Products, Inc., you perform calculations of the following ratios   Part 2 The Audit proce07-04-2011
5Business9. Car Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per month for 2 y07-04-2011
5Business9. The Friedman inc. has developed the following cash flows for two projects: Year Cash Flow A Cash Flow B 0 -10,000 -10,000 1 500 5000 2 500 6000 3 807-04-2011
4Business9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals    Fundamentals of Financial Management B07-04-2011
2.5Business9-3 Two investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Financial Management By Eug07-04-2011
2.5BusinessTwo investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Financial Management By Eugene 07-04-2011
3Business9-5 A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond similar to a no-growth common07-04-2011
3Business9-7 (Preferred stock rate of return) What will be the nominal rate of return on a preferred stock with a $100 par value, a stated dividend of 8% of pa07-04-2011
5BusinessThe earnings, dividends, and stock price of Shelby Inc. are expected to grow at 7% per year in the future   9-10 Cost of Equity Corporate Fina07-04-2011
5BusinessShelby’s common stock sells for $23 per share, its last dividend was $2.00, and the company will pay a dividend of $2.14 at the end of the current y07-04-2011
3Business9-12. Twister Corporation is expected to pay a dividend of $7 per share one year from now on its common stock, which has a current market price of $1407-04-2011
3Business10-2 Cost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  What impact would it have 07-04-2011
3BusinessCost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  What impact would it have on th07-04-2011
5Business10-5 The WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be different if the equity for the 07-04-2011
5BusinessThe WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be different if the equity for the comin07-04-2011
2Business10-7 Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi faces a 40%07-04-2011
5BusinessACC 280 E10-13 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Company, organized in 20007-04-2011
5BusinessE10-13 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Company, organized in 2008, has t07-04-2011
5BusinessHerzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Company, organized in 2008, has the foll07-04-2011
1.5Business10-13Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $3.00 per share and 5%, re07-04-2011
1.5Business13Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $3.00 per share and 5%, respe07-04-2011
5Business10-22 Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City.   Estimating a cos07-04-2011
5BusinessReisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City.   Estimating a cost func07-04-2011
5Business11-1 A project has an initial cost of $52,125, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 12%. a) What is t07-04-2011
5Business12. Mortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage with payments of a. $3,594.47 07-04-2011
9Business12-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Financial management: theory and practice 12ed By07-04-2011
9BusinessThe Campbell Company is evaluating the proposed acquisition of a new milling machine.   Financial management: theory and practice 12ed By Euge07-04-2011
3BusinessChapter 12-11. Calculating WACC. Find the WACC of William Tell Computers.   12-11 Calculating WACC.   12-11 William Tell Computers Fi07-04-2011
3BusinessFind the WACC of William Tell Computers. The total book value of the firm’s equity is $10 million; book value per share is $20. The stock sells for 07-04-2011
10Business12-59 Allocating Costs Using Direct and Step-Down Methods Goal: Create an Excel spreadsheet to allocate costs using the direct method and the step dow07-04-2011
5Business13.9 Manufacturing overhead--over/underapplied. Hartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours require08-04-2011
5BusinessHartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricatiing. A predetermined 08-04-2011
6Business13.20 Cost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs during March: Selling expenses08-04-2011
6BusinessChamps, Inc., incurred the following costs during March   13.20 Cost of goods manufactured, cost of goods sold, and income statement.   08-04-2011
9BusinessQS 13-2 13-4 QS 13-5 QS 13-2 Issuance of common stock Prepare the journal entry to record each separate transaction. (a) On March 1, DVD Co. issues 408-04-2011
9Business QS 13-2 Issuance of common stock 13-4 Skylar Corporation QS 13-5 Catalina Company’s   QS 13-2 Issuance of common stock Prepare the jou08-04-2011
5BusinessACC226 E13-3 Prepare journal entries to record the following four separate issuances of stock   Check Point: Recording and Calculating Stocks 08-04-2011
5BusinessE13-3 Prepare journal entries to record the following four separate issuances of stock   Check Point: Recording and Calculating Stocks Complet08-04-2011
2Business13-4 Prepare journal entries to record the following transactions for Skylar Corporation   ACC226 Q 13-4 Prepare journal entries to record the 08-04-2011
7Business13-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Intermediate Financial Management By Eugene F. Bri08-04-2011
7BusinessThe Campbell Company is evaluating the proposed acquisition of a new milling machine.   Intermediate Financial Management By Eugene F. Brigham,08-04-2011
5BusinessACC 226 Q 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   Check Point: Stock Issuances, D08-04-2011
5BusinessQ 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows Check Point: Stock Issuances, Dividends, and 08-04-2011
5BusinessThe stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows Check Point: Stock Issuances, Dividends, and Splits 08-04-2011
7Business13-20 Cost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs during March: Selling expenses08-04-2011
6Business13-45 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Question 13-45   13-45 V08-04-2011
6BusinessAcc 561 Week 5 13-45 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Question 13-45 08-04-2011
6BusinessVariable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Question 13-45   13-45 Variabl08-04-2011
7Business13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company   Acc 561 Week 5   Question 13-48 Rivera08-04-2011
7Business Acc 561 Week 5 13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company   Question 13-48 Rivera Comp08-04-2011
5Business13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead   Acc 561 Week 5   Question 13-49:   08-04-2011
5Business 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead   Acc 561 Week 5   Question 13-49: 08-04-2011
5BusinessAcc 561 Week 5 Q 13-B3 Youngstown Manufacturing   Question 13 B:   13-B3 Comparison of Variable Costing and Absorption Costing Consider08-04-2011
5Business13-B3 Youngstown Manufacturing Comparison of Variable Costing and Absorption Costing   Acc 561 Week 5    Question 13 B:   1309-04-2011
3BusinessBridge Benefit Cost Benefit-Cost Benefit/Cost1 80 40 40 22 60 20 40 33 60 40 20 1.54 20 40 -20 .55 30 20 10 1.56 30 40 -10 .75What is optimal budget a09-04-2011
9BusinessA company is considering a high-tech project lasting five years. The project requires $800,000 of initial investment and generates net cash flows of $09-04-2011
3BusinessExpected return: A stock’s returns have the following distribution:   Demand for the          &n09-04-2011
2BusinessPortfolio beta: An individual has $35,000 invested in a stock with a beta of 0.8 and another $40,000 invested in a stock with a beta of 1.4. If these 09-04-2011
2BusinessRequired rate of return: Assume that the risk-free rate is 6 percent and the expected return on the market is 13 percent. What is the required rate of09-04-2011
3BusinessBeta and required rate of return: A stock has a required return of 11 percent; the risk-free rate is 7 percent; and the market risk premium is 4 perce09-04-2011
20BusinessThe ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2007, the end of the current year: 10-04-2011
4BusinessPortfolio required return: Suppose you are the money manager of a $4 million investment fund. The fund consists of 4 stocks with the following investm11-04-2011
3BusinessCAMP and market risk premium: Consider the following information for three stocks, Stocks X, Y, and Z. The returns on the three stocks are positively 11-04-2011
9Business PR 13-2B Bobblehead Corporation produces and sells basketball jerseys. On July 1, 2008,   Financial and managerial accounting By Carl S.11-04-2011
9BusinessBobblehead Corporation produces and sells basketball jerseys. On July 1, 2008, Bobblehead Corp. issued $16,000,000 of seven-year, 13% bonds at an effe11-04-2011
1.5BusinessLamar Kline and Kevin Lambert decide to form a partnership by combining the assets of their separate businesses. Kline contributes the following asset11-04-2011
3Business5- 12. Bond Price. A 30-year maturity bond with a face value of $1000 makes annual coupon payment rate of 8 %. What is the bond’s yield to maturity 11-04-2011
4Business6 - 12. Constant-Growth Model. Gentlemen gym just paid it annual dividend of $3 per share and, and it is widely expected that the dividend will increa11-04-2011
5BusinessP/E Ratios. Web cities research projects a rate of return of 20% on new project . Management plan to plow back 30% of all earning into the firm . Earn11-04-2011
5Business15. Stock. What is the required rate of return on a stock with a a. $0.5 expected dividend and a 34 price with 7% growth? b. $0.25 expected dividend21-04-2011
5Business16. Stock. What is the growth rate of the stock with a a. $2.5 expected dividend and a 39 price with 15% required return? b. $2 expected dividend an21-04-2011
7BusinessPrecision Instruments, Inc., uses job order costing and applies manufacturing overhead to individual jobs by using predetermined ovrhead rates. In dep21-04-2011
7Business17.4 A,B Job order costing: a comprehensive problem Precision Instruments, Inc uses job order costing and applies manufacturing Job order costing: 21-04-2011
8Business21. Two projects have the following NPVs and standard deviations:     Project A Project B NPV 200 300 Stan21-04-2011
6Business21-3a Ikon tire Co manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor and factory overhead incurred for21-04-2011
3Business22 If you take out an $8,000 loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payment? What is the effective annu21-04-2011
9Business23-5a. Safety-Bright Company recently began production of a new product, the halogen light, which required the investment of 1,000,000 in assets. The 21-04-2011
9BusinessSafety-Bright Company recently began production of a new product, the halogen light, which required the investment of 1,000,000 in assets. The costs o21-04-2011
10Business123 Industries, Inc Listed below in alphabetic order are the unadjusted accounts of 123 Industries, Inc. at December 31, 2006.   Listed below i21-04-2011
5BusinessPorto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during the current fiscal year are a21-04-2011
4BusinessA  Boscia Corporations balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: 21-04-2011
4BusinessP18-1 Various stock transactions; correction of journal entries   Part A During its first year of operations, the McCollum Corporation entered24-04-2012
2BusinessA1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond’s coupon rate is 7.4%. What21-04-2011
2.5BusinessA $1,000 par value bond with an 8.5% coupon and 2 years until maturity is priced at $1,008.91. a.What is the bond s yield to maturity using annual c21-04-2011
2.5BusinessA $10,000 municipal bond has an interest rate of 6% per year, compounded semiannually. The bond will mature in 10 years. If the market interest rate i21-04-2011
2BusinessA $1000 corporate bond pays a $50 coupon every six months.  The bond will mature in ten years and has a yield to maturity of 9 percent.  Wha21-04-2011
2BusinessA $1000 face value bond has a remaining maturity of 8 years and a required return of 11%. The bond’s coupon rate is 6%. What is the fair value of th21-04-2011
6BusinessInterest rate premiums A 5-year Treasury bond has a 5.2 percent yield. A 10-year Treasury  bond yields 6.4 percent, and a 10-year corporate bond 21-04-2011
1.5BusinessA 6 year Circular File bond pays interest of $80 annually and sells for $950.  If Circular file wants to issue a new 6 year bond at face value, w21-04-2011
2.5BusinessA 6%, $10,000 bond has interest payable annually. The bond will mature 10 years from now. At what market interest rate will the present worth of the b21-04-2011
3BusinessA 9-year bond has a yield of 10% and a duration of 7.194 years. It the market yield changes by 50 basis points, what is the percentage change in the b21-04-2011
3BusinessA bond has $1,000 par value, 10 years to maturity, a 7 percent coupon, and sells for $985   Current yield and yield to maturity: A bond has $1,21-04-2011
20BusinessFollow directions on the attachment, Leases, bonds, stocks. To be worked in excel. Thank you in advance.22-04-2011
4BusinessE 7-1 Cash and cash equivalents; restricted cash The controller of the Red Wing Corporation is in the process of preparing the company's 2011 financi26-04-2011
4BusinessThe controller of the Red Wing Corporation is in the process of preparing the company's 2011 financial statements.   E 7-1 Cash and cash equiva26-04-2011
4BusinessE 7-2 Cash and cash equivalents Delta Automotive Corporation has the following assets listed in its 12/31/11 trial balance:     26-04-2011
4BusinessDelta Automotive Corporation has the following assets listed in its 12/31/11 trial balance: E 7-2 Cash and cash equivalents Delta Automotive Corpora26-04-2011
5BusinessE 7-4 Trade and cash discounts; the gross method and the net method compared Tracy Company, a manufacturer of air conditioners, sold 100 units to Tho26-04-2011
5BusinessTracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2011.   E 7-4 Trade and cash discounts; the26-04-2011
5BusinessE 7-5 Cash discounts; the gross method Harwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car26-04-2011
4BusinessE 7-6 Cash discounts; the net method Harwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car C26-04-2011
4BusinessHarwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car Company for $50 each.   E 7-6 Ca26-04-2011
3BusinessKumar and Grigg operate successful business, sharing net income and losses equally.  Culver is to be admitted on 1 May 2008 in accordance with th26-04-2011
3BusinessE 2-6 Simon Company   Exercise 2-6   Balance Sheet Preparation   p. 63   From the following data, prepare a classifi26-04-2011
2.5BusinessE2-8 Beckstrom Corporation Exercise 2-8 The following selected information is taken from the records of Beckstrom Corporation. Accounts pa26-04-2011
3BusinessExercise 2-9 From the following selected data, compute:   Net cash flow provided (used) by operating activities. Net cash flow provided (used26-04-2011
3BusinessA bond has an 6.25% coupon rate, maturing 4 Years from now.  To buy this bond, you must invest $1,025 today.   What will your return on27-04-2011
3Business3-Preferred Stock. A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond similar to a n27-04-2011
1.5BusinessA bond with 2 years to maturity is priced today at $900. The bond's coupon rate is 8%, and its par value is $1,000. What is the bond's yield to maturi27-04-2011
5BusinessA Boscia Corporation’s balance sheet appears below   Comparative Balance Sheet Ending Balance Beginning Balance Assets: 27-04-2011
1.5BusinessA business issued a 60-day, 7% note for $15,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the pa27-04-2011
1BusinessA business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the curren27-04-2011
10BusinessA capital improvement was made to Machine B at a total cost of $20,000. This improvement increased the capacity of the machine to do work but did not 27-04-2011
4Business     A car dealership is offering free credit on a new $10,000 car.  You pay $1,000 down and then $300 a month for 30 months.27-04-2011
1.5BusinessA clustering of two or more machines at a single workstation is referred to as:   A.  a manufacturing cell.  B.  an activity c27-04-2011
10BusinessDEPRECIATION AND CASH FLOW. A colleague is about to make a presentation to the management group regarding a $2 million capital investment proposal. Sh27-04-2011
3BusinessA common stock issue is selling currently for $60.00 Net income amounts to $2,200,000 , there are 300,000 common shares outstanding.  What would 27-04-2011
7BusinessA companies balance sheet has 3 components on the right side. Based on the information below, determine the firms WACC   a. there are 10000 sha27-04-2011
3BusinessA company allocates its variable factory overhead based on direct labor hours. During the past three months, the actual direct labor hours and the tot27-04-2011
2BusinessA company forecasts free cash flow of $40 million in three years.  It expects the free cash flow to grow at a constant rate of 5 percent thereaft27-04-2011
1.5BusinessA company had 120,000 shares of common stock outstanding on January 1 and then sold 40,000 additional shares on March 30.  Net income for the yea27-04-2011
6Business12. A company has 6,000 shares of common stock outstanding; total common stockkholders' equity is $1,500,000. The book value per share of common stock27-04-2011
4BusinessA company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an additional 10,000 shares. O27-04-2011
2BusinessA company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for the stock is 11%, what is the st27-04-2011
4BusinessA company has estimated fixed costs of $150,000 and estimated variable costs of $25 per unit.  It is projected that 4,000 units will be sold at a27-04-2011
1.5BusinessA company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The total sales necessary to break even are (Points: 4) $480,00027-04-2011
6Business11-12 IRR and NPV A company is analyzing two mutually exclusive projects, S and L with the following cash flows:       &nbs27-04-2011
7BusinessA company is considering a high-tech project lasting five years. The project requires $800,000 of initial investment and generates net cash flows of $27-04-2011
2BusinessA company issued a bond having a par value of $1,000, a 15 year life and a 10% coupon rate. If interest is paid semiannually and the discount rate for27-04-2011
9Business1. A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007.  Interest is paid on June 30 and December 31. The proceeds f27-04-2011
2.5BusinessA company issues bonds. The par value is $1,000.00, the coupon rate is 5.00% and the maturity is 10 years. If the company issues the bonds at a price 27-04-2011
2BusinessA company manufactures wooden swing sets which are sold partially assembled. The following costs were incurred related to the production of 1,400 sw27-04-2011
1BusinessA company purchased factory equipment on April 1, 2005, for $48,000. It is estimated that the equipment will have a $3,000 salvage value at the end of27-04-2011
2BusinessA company purchased land for $72,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land27-04-2011
1.5BusinessA company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $120,000. The number of units the comp27-04-2011
6BusinessA company sole merchandise to a customer for $1,200 on July 11, 2004. The customer paid the amount due on July 31. Under the accrual basis of accounti27-04-2011
4BusinessA company that makes organic fertilizer has supplied the following data:     Bags produced and sold......................................27-04-2011
6BusinessA company that makes organic fertilizer has supplied the following data:   Bags produced and sold..................................  27-04-2011
4BusinessA company uses a process cost accounting system.  The following information is available regarding direct labor for the current year:Goods in pro27-04-2011
20Business1.   A company’s use of fixed costs to increase net income as sales increase is known as a. financial leverage b. oper27-04-2011
3BusinessA convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is 40. The stock currently sells27-04-2011
2BusinessWhat is the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end of the second year? The initial27-04-2011
1.5BusinessIf the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate?27-04-2011
1.5BusinessThorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compounded semiannually. Which of t27-04-2011
3.5BusinessCalculating Discounted Payback13-07-2012
2BusinessIn 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $220 and current liabilities wer27-04-2011
1.5BusinessYou bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your stock was worth $2,500 total. 27-04-2011
1.5BusinessWhat is the present value of 10 annual payments of $500 at a discount rate of 12%?27-04-2011
1.5BusinessUnion Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received dividend payments of $1.50 per sha27-04-2011
2BusinessA convertible bond has the following features:   Coupon              27-04-2011
2.5BusinessA corporation has $300,000 income before income taxes, a 40% tax rate, and $150,000 taxable income. Provide the journal entry for the current year’s27-04-2011
3Businessa corporation issued 1,000,000 of 8% 10 year bonds on the open market. the market rate of interest on the date of issue was 10%. these bonds pay inter27-04-2011
3BusinessA corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on January 1 and July 1. If the corpor27-04-2011
3BusinessA corporation issues 2,000 shares of common stock for $ 32,000.  The stock has a stated value of $10 per share.  The journal entry to record27-04-2011
12BusinessA division of Hewlett-Packard Company changed its production operations from one where a large labor force assembled electronic components to an autom27-04-2011
12BusinessCVP in a Modern Manufacturing Environment A division of Hewlett-Packard Company changed its production operations from one where a large labor force27-04-2011
12Business2-61 CVP in a Modern Manufacturing Environment   A division of Hewlett-Packard Company changed its production operations from one where a large27-04-2011
12BusinessACC 561 week 3 2-61 CVP in a Modern Manufacturing Environment   2-61 CVP in a Modern Manufacturing Environment   2-61 A division of Hewl27-04-2011
1Business- Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consist29-04-2011
2.5BusinessA company allocates its variable factory overhead based on direct labor hours. During the past three months, the actual direct labor hours and the tot29-04-2011
10Business1) A financial budget would include which one of the following aspects of management's expectations?   2) When a budget is administered wisely,29-04-2011
3BusinessA firm has a debt-equity ratio of 0.56. What is the total debt ratio?29-04-2011
1.5BusinessA firm has a return on equity of 14 percent, a return on assets of 9.5 percent, and a 30 percent dividend payout ration. What is the sustainable 29-04-2011
5BusinessA firm has estimated the following demand function for its product: Q = 100 - 5 P + 5 I + 15 A Where Q is quantity demanded per month in thousands, P 29-04-2011
2.5BusinessA firm has notes payable of $1,546,000, long-term debt of $13,000,000, and total interest expense of $1,300,000. If the firm pays 8 percent interest o29-04-2011
2BusinessA firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sales are $100,000, $105,000 and $29-04-2011
5BusinessA firm has sales of $10 million, variable cost of $5 million, EBIT of $2 million, and a degree of combined leverage of 3.0. a. If the firm has no pr29-04-2011
10Businessa. A firm has the choice of investing in one of two projects. Both projects last one year. Project 1 requires an investment of $11,000 and yields $11,29-04-2011
3BusinessA firm issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 0.2529-04-2011
1BusinessA firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,029-04-2011
1.5BusinessProblem 6.  Common stock value based on determining growth rate A firm pays a $4.90 dividend at the end of year one (D1), has a stock price of $29-04-2011
3BusinessA firm provides the following sales data: Expected unit Sales .... 5,000 Unit Variable Cost .... $10 Unit Selling Price ........$16 Total Fixed Cost29-04-2011
1.5BusinessA firm sold $500,000 of its 10% bonds for $494,650 on January 1, 2003. The bonds yielded 12% interest paid annually. What will the 2003 interest expen29-04-2011
2.5BusinessA firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,000 in operating profits? &nbs29-04-2011
5BusinessWK 5FIN 370 Assignment from reading Finance 370 Week 5 Text Problem 3 Axia College material   3. A firm's current balance sheet is as follows29-04-2011
2BusinessA firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,000.   A. current ratio 29-04-2011
6BusinessA food processing company is considering adopting a new seafood processing system.  The system will cost $750,000 plus $23,000 for shipping and i29-04-2011
3.5BusinessA football company has been selling sport equipment on credit for several years.  It is currently studying a proposal to tighten the credit polic29-04-2011
4BusinessA friend who owns a perpetuity that promises to pay $1,000 at the end of each year, forever, comes to you and offers to sell you all of the payments t29-04-2011
5Business1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration is what? 2) The net present v29-04-2011
5BusinessA lender would prefer a borrower have which one of the following sets of ratios?   Choices 1. times interest earned = 0.5; debt-equity ratio= 29-04-2011
3BusinessA loan of $105,504.50 is to be amortized over a 5-year term at 12% interest compounded monthly with a monthly payments and a $10,000.00 balloon paymen29-04-2011
2.5BusinessA lottery has provided you with the following options: $350,000 today or $40,000 per year for 10 years.  If you can earn 4% on your money indefin29-04-2011
5BusinessA machine costing $48,000 had an estimated useful life of 5 years and a salvage value of $3,000 when purchased on January 3, Year 1.Required: Supply t29-04-2011
3Business11-A2 NPV for Investment Decisions. A manager of the administrative Computer Center of Olympia State University is contemplating acquiring 120 compute29-04-2011
1BusinessB. Consider a project with the expected cash flows:                 Year&n29-04-2011
1BusinessB. G. Drive-In is a fast-food restaurant that sells burgers and hot dogs in a 1950s      environment.  The fixed operating co29-04-2011
1Business1. (Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 per cent (wi29-04-2011
1Business 2. (Historic Rate of Return and Risk) Consider an investment in one of two common stocks. Given the information that follows, which investme29-04-2011
1Business(Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000 principal in 10 years. You pay only $500 for the bond. a29-04-2011
1BusinessB1. (Yield to maturity) DuPont’s 8.45% bonds closed yesterday at 103. If these bonds mature in 15.5 years, what is the yield to maturity of these bo29-04-2011
1BusinessB1. (Choosing Financial Targets) Bixton Company's new chief financial officer is evaluating Bixton's capital structure. She is concerned that the firm29-04-2011
1BusinessB1. (Beta) What is the beta of an asset whose correlation coefficient with the market portfolio’s returns is 0.62 and variance is 0.1 if the varianc29-04-2011
1BusinessB2. (Yield to maturity) GMAC’s 8.75% bonds closed yesterday at $952.50. If these bonds mature in 11 years, what is the yield to maturity of these bo29-04-2011
1BusinessB2. (Dividend Policy) A firm has 20 million common shares outstanding. It currently pays out $1.50 per share per year in cash dividends on its common 29-04-2011
1BusinessB3. (Remaining maturity) IBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and the yield to maturity on these bon29-04-2011
1BusinessB4. (Remaining maturity) MCI’s 6.5% bonds closed yesterday at $948.90. If a coupon payment was made yesterday and the yield to maturity on these bon29-04-2011
1BusinessB6. (Yield to call) Xerox has a 8.5% coupon bond that has a remaining maturity of 16 years. The bond is callable in three years at a price of $1,100. 29-04-2011
1BusinessB7. (Yield to maturity) Coca-Cola has a zero-coupon bond that will pay $1,000 at maturity in five years. Today the bond is selling for $790.09. What i29-04-2011
1.5BusinessWhat is the annual yield to maturity of a 10 percent, semi-annual coupon bond with 8 years left to maturity? Its current market price is $1,096.52. Th29-04-2011
2.5BusinessWhat is the value of a common stock that recently paid a $2.00 dividend per share, and has a constant growth rate of 4% if the discount rate is 12.5%?29-04-2011
5BusinessAbel Athletics is considering purchasing new manufacturing equipment that costs $1,300,000 and is expected to improve cash flows by $500,000 in year 129-04-2011
3BusinessABC Incorporated is a computer firm specializing in P.C.s that have 9 billion K in random access memory. This is a new firm that will pay no dividend 29-04-2011
1.5BusinessFind the fair value of a perpetual bond which pays $100 every year forever.  The discount rate for the bond is 8%.29-04-2011
3BusinessPayback: Northern Specialties just purchased inventory-management computer software at a cost of $1,705,329. Cost savings from the investment over the03-05-2011
3BusinessNet present value: Crescent Industries is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting ca03-05-2011
3BusinessInternal rate of return: Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $7,979,112. The firm expects that this impro03-05-2011
3BusinessNet present value: Franklin Mints, a confectioner, is looking to purchase a new jellybean-making machine at a cost of $312,500.The company projects th03-05-2011
5BusinessNet present value: Cranjet Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independ03-05-2011
3BusinessPayback: Creative Solutions, Inc., has invested $3,599,934 on equipment. The firm uses payback period criteria of not accepting any project that takes03-05-2011
5BusinessDiscounted payback: Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a c03-05-2011
2.5BusinessModified internal rate of return (MIRR): Sycamore Home Furnishings is looking to acquire a new machine that can create customized window treatments. T03-05-2011
4BusinessNet present value: Cranjet Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independ03-05-2011
2.5BusinessPayback: Creative Solutions, Inc., has invested $3,599,934 on equipment. The firm uses payback period criteria of not accepting any project that takes03-05-2011
5BusinessDiscounted payback: Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a c03-05-2011
2.5BusinessModified internal rate of return (MIRR): Sycamore Home Furnishings is looking to acquire a new machine that can create customized window treatments. T03-05-2011
4BusinessInternal rate of return: Compute the IRR for the following project cash flows.
(Round your answer to 2 decimal places. All intermittent calculat03-05-2011
5BusinessNet present value: Champlain Corp. is investigating two computer systems. The Alpha 8300 costs $2,932,846 and will generate annual cost savings of $1,03-05-2011
2.5BusinessModified internal rate of return (MIRR): Morningside Bakeries has recently purchased equipment at a cost of $660,229. The firm expects to generate cas03-05-2011
2.5BusinessGreen Company's variable expenses are 75% of sales. At a sales level of $400,000, the company's degree of operating leverage is 8. At this sales level04-05-2011
2.5BusinessCallaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volu04-05-2011
1.5BusinessAllen Company is considering a capital budgeting project that is expected to generate $100,000 in annual earnings before taxes. Annual depreciation wi04-05-2011
6BusinessBond. What is the value of a $1,000 par value bond with annual payments of an a. 11% coupon with a maturity of 20 years and a 15% required return? b04-05-2011
6BusinessBond. What is the yield to maturity of a $1000 par value bond with an a. 10% semiannual coupon and 20 years to maturity and a $1,000 price? b. 6.5% 04-05-2011
5Business(Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percent (with l04-05-2011
1.5BusinessThe U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be r05-05-2011
1.5BusinessYou want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an accoun05-05-2011
1.5BusinessYour father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income per year for 20 years, beginning a year fr05-05-2011
1.5BusinessSuppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years?(Points : 4) $24,705-05-2011
1.5BusinessAn investment promises the following cash flow stream: $1,000 at Time 0; $2,000 at the end of Year 1 (or at T=1); $3,000 at the end of Year 2; and $5,05-05-2011
1.5BusinessWhat’s the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded monthly? (Points : 4) $2,854.13 $2,491.45 $2,305-05-2011
1.5BusinessSuppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your pa05-05-2011
1.5BusinessYou are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the remaining $190,000 30-year mo05-05-2011
1.5BusinessYour sister turned 30 today, and she is planning to save $3,000 per year for retirement, with the first deposit to be made one year from today. She wi05-05-2011
1.5BusinessA real estate investment has the following expected cash flows: Year Cash Flows 1 $10,000 2 25,000 3 50,000 4 35,000 If the discount rate is 8%,05-05-2011
4BusinessHatter Enterprise paid a dividend last year of $3.25, which is expected to grow at a constant rate of 7%. Hatter has a beta of 1.5 and their stock is 05-05-2011
3BusinessCost of trade credit Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to05-05-2011
3BusinessBumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50   Cost of trade credit Bumpas Enterpr05-05-2011
9BusinessConsider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He ma05-05-2011
9BusinessJohn buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%.   Consider the following scenari05-05-2011
4BusinessYou purchased a $1,000 five percent coupon bond that matures in 10 years. How much would your bond be worth if interest rates fall to 4% the day after05-05-2011
10BusinessTony Masasi started his own consulting firm, Masasi Company, Inc., on June 1, 2008. The trial balance at June 30 is shown   MASASI COMPANY, IN05-05-2011
1.5BusinessIf a 15-year, 8%, $1000 face value bond is currently trading at $958, will the yield to maturity of this bond be greater than or less than 8%? Why? 05-05-2011
1.5BusinessWhat is the issue price of a zero coupon bond with 15 years to maturity if it is sold to yield 7.55% a) $362.31 b) $335.62 c) 1,000.00 d) 250.0005-05-2011
3BusinessE-8 20A Suppose Kellogg's is considering dropping its Special-K product line. Asssume that during the past year, Special-K's product line income state05-05-2011
3BusinessSuppose Kellogg's is considering dropping its Special-K product line.   E-8 20A Suppose Kellogg's is considering dropping its Special-K produc05-05-2011
2BusinessBlanchford Enterprises is considering a project that has the following cash flow and WACC data.  What is the project's NPV?  Note that a pro05-05-2011
3BusinessCurrent yield: A semiannual coupon bond matures in 7 years sells for $1,020. It has a face value of $1,000 and a yield to maturity of 10.5883 percent.09-05-2011
1.5BusinessA share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 1109-05-2011
3.5BusinessA stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent. The required rate of return 09-05-2011
3BusinessA stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6 percent a 09-05-2011
3.5BusinessA stock expects to pay a year-end dividend of $2.00 a share (i.e., D1 = $2.00; assume that last year's dividend has already been paid). The dividend i09-05-2011
3BusinessBeta and required rate of return: A stock has a required return of 11 percent; the risk-free rate is 7 percent; and the market risk premium is 4 perce09-05-2011
1.5BusinessA stock has an expected return of 12.25 percent. The beta of the stock is 1.15 and the risk-free rate is 5 percent. What is the market risk premium? 09-05-2011
1BusinessA stock is expected to pay a dividend of $1 at the end of the year. The required rate of return is rs = 11%, and the expected constant growth rate is 09-05-2011
2.5BusinessA stock is expected to pay $0.80 per share every year indefinitely. If the current price of the stock is $18.90, and the equity cost of capital for th09-05-2011
2.5BusinessA stock sells for $ 28.50 and earned 1.80 per share during the current year.  (a) What is the price/earnings (P/E) ratio for this firm? 09-05-2011
3BusinessConstant-Growth Model. A stock sells for $40. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is 15 percent a09-05-2011
2.5BusinessA summary of the time tickets for the current month are as follows:   Job No.            Amou09-05-2011
3BusinessA Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 9%. Assume that the liquidity premium on the corpo09-05-2011
3BusinessCompare the after-tax rates of return for a corporate investor from the following two investments: A twenty year, corporate bond that sells for par an09-05-2011
7BusinessExercise 1-2 The Business Environment [LO3]  1. A(n) ___________is a game plan that enables a company to attract customers by distinguishing itse09-05-2011
5BusinessROI analysis using DuPont model.   a. Firm D has net income of $27,900 sales of $930,000, and average total assets of $465,000. Calculate the 09-05-2011
3.5BusinessA. H. Church, Inc. manufacturers a variety of wooden toys for young children. The company uses ABC. The manufacturing activities and related data are 09-05-2011
5BusinessGiven the financial information for the A.E. Neuman Corporation,               09-05-2011
20BusinessA-1 Photography       DOWNLOAD EXCEL SOLUTION09-05-2011
1.5BusinessCash flow versus earnings   A1 Quick, the president of a New York Stock Exchange-listed firm, is very short term oriented and interested in the09-05-2011
1.5Business an automobile, with a sale price of $23,585 is to be paid for in 36 equal monthly payments, starting with a payment one month after the 09-05-2011
4BusinessHistoric Rate of Return and Risk. Consider an investment in one of two common stocks. Given the information that follows, which investment was better,09-05-2011
2BusinessBlanchford Enterprises is considering a project that has the following cash flow and WACC data.  What is the project's NPV?  Note that a pro09-05-2011
2BusinessTapley Dental Associates is considering a project that has the following cash flow data. What is the project's payback? Year:     09-05-2011
1.5BusinessRyngaert Medical Enterprises is considering a project that has the following cash flow and WACC data. What is the project's NPV?   Note that a09-05-2011
1.5BusinessRockmont Recreation Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected 09-05-2011
1.5BusinessAs a member of Gamma Corporation's financial staff, you must estimate the Year 1 operating net cash flow for a proposed project with the following dat09-05-2011
1.5BusinessDelta Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, after which it will be10-05-2011
3BusinessSwannee Resorts is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated 10-05-2011
1.5BusinessBig Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 75% has been depreciated. Big Air can sell10-05-2011
1.5BusinessYou work for Alpha Inc., and you must estimate the Year 1 operating net cash flow for a proposed project with the following data. What is the Year 1 o10-05-2011
1.5BusinessYour company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what is the project's Year 1 operati10-05-2011
3BusinessE8-20A Suppose Kellog’s is considering dropping its Special-K product line. Assume that during the   E8-20A Week 2 Suppose Kellog’s is cons10-05-2011
5BusinessDonedeal.com uses the allowance method to estimate uncollectible account receivable. The company produced the following aging of the accounts receivab10-05-2011
2.5Business10.2 A project has the following cash flows   ANSWER KEY SOLUTION 10.2 A project has the following cash flows   Net Present Value (NPV) 11-05-2011
3BusinessP10-3.Calculate an IRR for the project in the previous problem using an iterative technique. (Hint: Start by guessing 15%.)    ANSWER KEY11-05-2011
5BusinessP10-4 Clancy Inc. is considering a project with the following cash flows.   ANSWER KEY SOLUTION P10-4 Clancy Inc. is considering a project with11-05-2011
3.5BusinessP10-6 Hamstring Inc. is considering a project with the following cash flows:   ANSWER KEY SOLUTION P10-6 Hamstring Inc. is considering a proje11-05-2011
3.5BusinessP10-7. Project Alpha requires an initial outlay of $35,000 and results in a single cash inflow of   ANSWER KEY SOLUTION P10-7. Project Alpha r11-05-2011
3.5BusinessP10- 8 The Sampson Company is considering a project that requires an initial outlay of $75,000 and Finding NPV and IRR When Inflows are Regular &nbs11-05-2011
4BusinessP10-9 Calculate the IRR, NPV, and PI for projects with the following cash flows.  Do each NPV and Finding NPV and IRR When Inflows are Regular 11-05-2011
5BusinessP10-10 Island Airlines, Inc. needs to replace a short haul computer plane on one of its busier routes.  Mutually Exclusive Decisions and Judgme11-05-2011
2.5BusinessP10-11 Calculate the NPV for the following projects. Mutually Exclusive Decisions and Judgment Issues   ANSWER KEY SOLUTION  P10-11 Calcu11-05-2011
2.5BusinessP10-12 Calculate the IRR for the following projects.   ANSWER KEY SOLUTION P10-12 Calculate the IRR for the following projects.   P10-1211-05-2011
3.5BusinessP10- 13 Calculate the NPV at 9% and the IRR for the following projects:   ANSWER KEY SOLUTION P10- 13 Calculate the NPV at 9% and the IRR for t11-05-2011
3.5BusinessP10-14 Calculate the NPV at 12% and the IRR for the following projects.  Find IRR's to the nearest whole percent.   ANSWERKEY SOLUTION P1011-05-2011
3BusinessP10-15 Grand Banks Mining Inc. plans a project to strip mine a wilderness area.  Setting up   ANSWERKEY SOLUTION P10-15 Grand Banks Mining11-05-2011
5BusinessP10-16. Bagel Pantry Inc. is considering two mutually exclusive projects with widely differing lives.  Replacement Chain and EAA   ANSWE11-05-2011
3BusinessP10-17 Callaway Associates, Inc. is considering the following mutually exclusive projects.    ANSWERKEY SOLUTION 17 Callaway Associates, 11-05-2011
4BusinessP10-18 Tutak Industries is considering a project requiring an initial investment of $200,000 followed   ANSWERKEY SOLUTION 18 Tutak Industries 11-05-2011
4BusinessP10-19 Provide the missing information for the following projects using the present value of an   ANSWERKEY SOLUTION 19 Provide the missing inf11-05-2011
2.5BusinessP10-20 Calculate IRRs for the projects in the previous problem.    ANSWERKEY SOLUTION 20 Calculate IRRs for the projects in the previous 11-05-2011
5BusinessP 10-21 Huron Valley Homes is considering a project requiring a $1 million initial investment.    ANSWER KEY SOLUTION 21. Huron Valley Ho11-05-2011
3.5BusinessP10-22 Consider two mutually exclusive projects, A and B.  Project A requires an initial cash outlay   ANSWERKEY SOLUTION 22. Consider two11-05-2011
4BusinessP10-24 Haley Motors is considering a maintenance contract for its heavy equipment.  One firm has Replacement Chain and EAA   ANSWERKEY SO11-05-2011
3.5BusinessP10- 25 Cassidy and Sons is reviewing a project with an initial cash outflow of $250,000.  An   ANSWERKEY SOLUTION P10- 25 Cassidy and Son11-05-2011
3.5BusinessP10-26 Zuker Distributors handles the warehousing of perishable foods and is considering replacing   ANSWERKEY 26. Zuker Distributors handles t11-05-2011
0.4BusinessP10-27 Griffin-Kornberg is reviewing the following projects for next year’s capital program. ANSWERKEY SOLUTION 27 Griffin-Kornberg is reviewing th11-05-2011
2.5BusinessP9-1. The Duncan Company's stock is currently selling for $15.  People generally expect its price to rise   ANSWER KEY SOLUTION 1. The Dun12-05-2011
2.5BusinessP9-2 The Rapscallion Company’s stock is selling for $43.75.  Dave Jones has done some research   ANSWERKEY SOLUTION 2. The Rapscallion C12-05-2011
3.5BusinessP9-3. Wayne Merritt drives from Cleveland to Chicago frequently and has noticed that traffic and Calculating the Mean and Standard Deviation of a Dis12-05-2011
3BusinessP9-4 Suppose dice had four sides instead of six, so rolling a single die would produce equally likely Discrete Probability Distributions   AN12-05-2011
3BusinessP9-5. Conestoga Ltd. has the following estimated probability distribution of returns. Evaluating Stand-Alone Risk   ANSWERKEY SOLUTION 5. Cone12-05-2011
3BusinessP9-6 The probability distribution of the return on an investment in Omega Inc.'s common stock is   ANSWERKEY SOLUTION 6. The probability distri12-05-2011
3.5BusinessP9-7 Calculate the expected return on an investment in Delta Inc.'s stock if the probability   ANSWERKEY SOLUTION 7. Calculate the expected ret12-05-2011
2.5BusinessP9-8 The Manning Company's stock is currently selling for $23.  It has the following prospects for   ANSWERKEY SOLUTION 8. The Manning Com12-05-2011
3BusinessP9-9 Imagine making choices in the following situation to test your degree of risk aversion.  Someon Risk Aversion   ANSWERKEY SOLUTION 912-05-2011
2.5BusinessP9-10. A portfolio consists of the following four stocks.  Portfolio Return   ANSWERKEY SOLUTION 10. A portfolio consists of the followi12-05-2011
3BusinessP9-11 Laurel Wilson has a portfolio of five stocks.  The stocks’ actual investment performance last   ANSWERKEY SOLUTION 11 Laurel Wilso12-05-2011
3BusinessP9-12 Threads Inc. manufactures stylish clothing for teenagers.  The firm has a beta of 1.4 and earned Projecting Returns with Beta   AN12-05-2011
2.5BusinessP9-13 The stocks in the previous problem have the following betas.  Portfolio Beta   ANSWER KEY SOLUTON 13.  The stocks in the prev12-05-2011
2.5BusinessP9-14 A four-stock portfolio is made up as follows   ANSWERKEY SOLUTION 14. A four-stock portfolio is made up as follows   14. A four-st12-05-2011
3BusinessP9-15 The Charming Co. manufactures decorating products.  Treasury bills currently yield 5.4%, and Determination of Beta   ANSWERKEY SOLU12-05-2011
2BusinessP9-16. The return on Holland-Wilson Inc. (HWI) stock over the last three years is shown below   ANSWERKEY SOLUTION 16. The return on Holland-Wi12-05-2011
3BusinessP9-17 You have recently purchased stock in Topical Inc. which has returned between 7% and 9%   ANSWERKEY SOLUTION 17. You have recently purchas12-05-2011
3BusinessP9-18. Erin Behlen has a three stock portfolio and is interested in estimating its overall return next year.    ANSWERKEY SOLUTION 18. Er12-05-2011
3BusinessP9-19 The CFO of Ramekin Pottery Inc. is concerned about holding up the price of the company’s   ANSWERKEY SOLUTION 19. The CFO of Ramekin Po12-05-2011
2.5BusinessP9-20 You are a junior treasury analyst at the Palantine Corporation.  The treasurer believes the CAPM   ANSWERKEY SOLUTION 20. You are a 12-05-2011
2.5BusinessP9-21 The Framingham Company expects to grow at 4% indefinitely.  Economists are currently Valuing (Pricing) a Stock with CAPM   ANSWERKE12-05-2011
2.5BusinessP9-22. Whole Foods Inc. paid a quarterly dividend of $0.47 recently.  Treasury bills are yielding 4%,   ANSWERKEY SOLUTION 22. Whole Foods12-05-2011
10BusinessFinance quiz. 1. Money markets are markets for (Points : 4) 10 multiple choice questions. 1. Money markets are markets for (Points : 4) Foreign 13-05-2011
3BusinessE11-18 Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10%13-05-2011
3BusinessHrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for   E11-18 Hrabik Corporation issued $600,000, 9%, 10-year bonds o13-05-2011
5BusinessP10–4 Murdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis   ANSWERKEY SOLUTIO13-05-2011
5BusinessMurdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis   ANSWERKEY SOLUTION P10–13-05-2011
3BusinessFINANCE 419 P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER KEY FINANCE 419 P5–3 Risk13-05-2011
3BusinessP5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER KEY FINANCE 419 P5–3 Risk preferences13-05-2011
3BusinessSharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER KEY FINANCE 419 P5–3 Risk preferences Sharon Smith, the finan13-05-2011
3BusinessBYP8-6 You are the assistant controller in charge of general ledger accounting at Riverside   ANSWER KEY BYP8-6 You are the assistant controlle13-05-2011
3BusinessYou are the assistant controller in charge of general ledger accounting at Riverside   BYP8-6 You are the assistant controller in charge of gen13-05-2011
3BusinessP5–2 Return calculations  For each of the investments shown in the following table, ANSWERKEY P5–2 Return calculations  For each of th13-05-2011
2.5BusinessP5–1 Rate of return Douglas Keel, a financial analyst for Orange Industries, wishes to estimate ANSWERKEY P5–1 Rate of return Douglas Keel, a fin13-05-2011
3BusinessSuppose Lucent Technologies has an equity cost of capital of 10%, market capitalization   ANSWERKEY Suppose Lucent Technologies has an equity c13-05-2011
6BusinessP14-3 Premium Amortization Schedule with Retirement Before Maturity The Dorset   P14-3 Premium Amortization Schedule with Retirement Before Mat13-05-2011
6BusinessPremium Amortization Schedule with Retirement Before Maturity The Dorset   P14-3 Premium Amortization Schedule with Retirement Before Maturity 13-05-2011
6BusinessE15-8 Purchase, Discount Amortization, and sale of Bond Investment On November 1, 2009, the Reid Corporation acquired bonds with a face value of $700,13-05-2011
6BusinessPurchase, Discount Amortization, and sale of Bond Investment On November 1, 2009   E15-8 Purchase, Discount Amortization, and sale of Bond Inve13-05-2011
5BusinessP14-9 Bonds with Detachable Warrants On January 1, 2010, the London Corporation issued $500,000 of 11.5% bonds due January 1, 2020, at 102. The bonds 13-05-2011
5BusinessBonds with Detachable Warrants On January 1, 2010, the London   P14-9 Bonds with Detachable Warrants On January 1, 2010, the London Corporatio13-05-2011
5BusinessP14-12 Notes receivable On January 1, 2010, the Somerville Corporation sold a used truck to the Cornelius Company and accepted a $28,000 non-interest-13-05-2011
5BusinessNotes receivable On January 1, 2010, the Somerville Corporation sold   P14-12 Notes receivable On January 1, 2010, the Somerville Corporation 13-05-2011
3BusinessThe purchase price of a home is $466000, the down payment is 10%, the interest rate is 5% and the purchase is financed for 35 years. Find the total mo15-05-2011
5BusinessStephen Black has just purchased a home for $152000. A mortgage company has approved his loan application for a 30 year fixed rate loan at 6%. Stephen15-05-2011
4BusinessComparing borrowing costs. A-Plus, a regional real estate investment company, is trying to raise capital and has two distinct alternatives: Alternati15-05-2011
4BusinessA-Plus, a regional real estate investment company, is trying to raise capital and has two distinct alternatives   Comparing borrowing costs. A-15-05-2011
3BusinessP 9-23 Seattle Software Inc. recently paid an annual dividend of $1.95 per share and is expected to   ANSWERKEY SOLUTION 23. Seattle Software 15-05-2011
2.5BusinessP 9-24 The Aldridge Co. is expected to grow at 6% into the indefinite future.  Its latest annual dividend   ANSWERKEY SOLUTION 24. The Ald15-05-2011
3BusinessP9-25 Bergman Corp. has experienced zero growth over the last seven years paying an annual dividend   ANSWERKEY SOLUTION 25. Bergman Corp. has 15-05-2011
2.5BusinessP9-26 Weisman Electronics just paid a $1.00 dividend, the market yield is yielding 10%, the risk-free rate   ANSWERKEY 26 Weisman Electronics j15-05-2011
2BusinessP9-27 Weisman Electronics of the previous problem is considering acquiring an unrelated business.  Strategic Decisions Based on CAPM   A15-05-2011
3BusinessP9-28 Broken Wing Airlines just paid a $2 dividend and has a beta of 1.3 and a growth rate of 6% for the   ANSWERKEY 28 Broken Wing Airlines ju15-05-2011
3BusinessP9-29 Lipson Ltd. expects a constant growth rate of 5% in the future.  Treasury bills yield 8% and the   ANSWERKEY 29 Lipson Ltd. expects 15-05-2011
4BusinessP9-30 The Picante Corp's beta is .7.  Treasury bills yield 5% and an average stock yields 10%.  The SML and Changing Market Conditions &n16-05-2011
3BusinessP8-1 Paul Dargis has analyzed five stocks and estimated the dividends they will pay next year as well as Dividend and Capital Gain Yields   AN16-05-2011
1.5BusinessP9-2 The stock of Sedly Inc. is expected to pay the following dividends: Stock Valuation Based on Projected Cash Flows   ANSWERKEY 2 The stock16-05-2011
1.5BusinessP8-3 Fred Tibbits has made a detailed study of the denim clothing industry.  He's particularly interested   ANSWERKEY 3. Fred Tibbits has 16-05-2011
1.5BusinessP8-4. Mitech Corp’s stock has been growing at approximately 8% for several years and is now $30.  Growth Rates - Concept Connection   16-05-2011
1.5BusinessP8-5 The Spinnaker Company has paid an annual dividend of $2 per share for some time.  Recently   The Constant Growth (Gordon) Model &nbs16-05-2011
2BusinessThe accounts in the ledger are listed below. All accounts have normal balances. Prepare a trial balance and provide the total for the debits? Accoun17-05-2011
3BusinessRodney Rodgers plans to open a wholesale dairy products firm which will be completely financed with equity. He expects first year sales to total $5,5017-05-2011
3BusinessMaxwell Electronics had net income of $15 million last year, and had 3 million common shares outstanding. They declared a 12% stock dividend. Calculat17-05-2011
30BusinessABC Corp. owns 70% of the outstanding stock of XYZ Corp. Bob Smith owns the other 30% of XYZ Stock. On September 1 of this year, ABC Corp purchases 17-05-2011
30BusinessABC Corp. owns 70% of the outstanding stock of XYZ Corp. Bob Smith owns the other 30% of XYZ Stock. On September 1 of this year, ABC Corp purchases 17-05-2011
3BusinessAt December 31 of the current year, Johnson Co. reported the following: Total sales for the current year: $700,000, includes $160,000 in cash sales. A18-05-2011
2.5BusinessA company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an additional 10,000 shares. On 18-05-2011
2BusinessA company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for the stock is 11%, what is the st18-05-2011
3.5BusinessA company has estimated fixed costs of $150,000 and estimated variable costs of $25 per unit.  It is projected that 4,000 units will be sold at a18-05-2011
1.5BusinessA company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The total sales necessary to break even are (Points: 4) $480,00018-05-2011
6Business11-12 IRR and NPV A company is analyzing two mutually exclusive projects, S and L with the following cash flows:       &nbs18-05-2011
6BusinessIRR and NPV A company is analyzing two mutually exclusive projects, S and L with the following cash flows   11-12 IRR and NPV A company is anal18-05-2011
6BusinessA company is analyzing two mutually exclusive projects, S and L with the following cash flows   11-12 IRR and NPV A company is analyzing two mu18-05-2011
3BusinessA company issued a bond having a par value of $1,000, a 15 year life and a 10% coupon rate. If interest is paid semiannually and the discount rate for18-05-2011
9Business A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007.  Interest is paid on June 30 and December 31. The proceeds fr18-05-2011
2.5BusinessA company issues bonds. The par value is $1,000.00, the coupon rate is 5.00% and the maturity is 10 years. If the company issues the bonds at a price 18-05-2011
2BusinessA company manufactures wooden swing sets which are sold partially assembled. The following costs were incurred related to the production of 1,400 swin18-05-2011
2BusinessA company purchased factory equipment on April 1, 2005, for $48,000. It is estimated that the equipment will have a $3,000 salvage value at the end of18-05-2011
2.5BusinessA company purchased land for $72,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land18-05-2011
2BusinessA company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $120,000. The number of units the comp18-05-2011
6BusinessA company sole merchandise to 5 Question and answers   1. A company sole merchandise to a customer for $1,200 on July 11, 2004. The customer pa18-05-2011
5BusinessA company that makes organic fertilizer has supplied the following data:   Bags produced and sold..................................  18-05-2011
3BusinessA company that makes organic fertilizer has supplied the following data:     Bags produced and sold......................................18-05-2011
3BusinessA company uses a process cost accounting system.  The following information is available regarding direct labor for the current year:Goods in pro18-05-2011
20Business50 Finance Questions and Answers 1.   A company’s use of fixed costs to increase net income   1.   A company’s use of 18-05-2011
1.5BusinessA conservatively financed firm would   A. finance a portion of permanent assets and short-term assets with short-term debt. B. use equity to18-05-2011
2.5BusinessA convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is 40. The stock currently sells18-05-2011
1.5BusinessWhat is the net present value of a project that contributes $10,000 at the end of the first year and $5,000 at the end of the second year? The initial18-05-2011
1BusinessIf the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate?18-05-2011
1.5BusinessThorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compounded semiannually. Which of t18-05-2011
0BusinessIn 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $220 and current liabilities wer18-05-2011
1.5BusinessIn 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $220 and current liabilities wer18-05-2011
2BusinessYou bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your stock was worth $2,500 total. 18-05-2011
1.5BusinessWhat is the present value of 10 annual payments of $500 at a discount rate of 12%?18-05-2011
1.5BusinessUnion Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received dividend payments of $1.50 per sha18-05-2011
10Business8 Finance Question and Answers 1. A convertible bond has a 8% annual coupon and 15 years to maturity. The face   1. A convertible bo18-05-2011
2BusinessA convertible bond has the following features:   Coupon              &18-05-2011
3BusinessA corporation has $300,000 income before income taxes, a 40% tax rate, and $150,000 taxable income. Provide the journal entry for the current year’s18-05-2011
2.5BusinessA corporation issued 1,000,000 of 8% 10 year bonds on the open market. the market rate of interest on the date of issue was 10%. these bonds pay inter18-05-2011
2.5BusinessA corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on January 1 and July 1. If the corpor18-05-2011
2.5BusinessA corporation issues 2,000 shares of common stock for $ 32,000.  The stock has a stated value of $10 per share.  The journal entry to record18-05-2011
2BusinessCartwright Brothers' stock is currently selling for $40 a share. The stock is expected to pay a $2 dividend at the end of the year. The stock's divide18-05-2011
2.5BusinessA stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent. The required rate of return 18-05-2011
2.5BusinessThe Textbook Production Company has been hit hard due to increased competition. The company's analysts predict that earnings (and dividends) will decl18-05-2011
1.5BusinessWhich of the following statements is most correct?a. If a stock's beta increased but its growth rate remained the same, then the new equilibrium price18-05-2011
3BusinessA stock expects to pay a year-end dividend of $2.00 a share (i.e., D1 = $2.00; assume that last year's dividend has already been paid). The dividend i18-05-2011
3BusinessE1-3 The Long Run Golf & Country Club details the following accounts  ANSWER KEY   E1-3 The Long Run Golf & Country Club details t20-05-2011
8BusinessP1-3A On June 1 Eckersley Service Co. was started with an initial in ANSWER KEY   P1-3A On June 1 Eckersley Service Co. was started with an ini20-05-2011
9BusinessBYP1-7 Diane Wynne is the bookkeeper for Bates Company, Inc.  ANSWER KEY   BYP1-7 Diane Wynne is the bookkeeper for Bates Company, Inc.&nb20-05-2011
7BusinessP2-4A Comparative financial statement data for 1 and ANSWER KEY   P2-4A Bedene Corporation   P2-4A Comparative financial statement data 20-05-2011
6BusinessBYP2-9 A May 20, 2002, Business Weekly story by Stanley Holmes and Mike ANSWER KEY   BYP2-9 Business Weekly story   BYP2-9 A May 20, 20020-05-2011
4BusinessE3-14 The bookkeeper for Biggio Corporation made these errors in journalizing ANSWER KEY   E3-14 The bookkeeper for Biggio Corporation made the20-05-2011
7BusinessP3-1A On April 1 Flint Hills Travel Agency Inc. was established. ANSWER KEY   P3-1A Flint Hills Travel Agency Inc   P3-1A On April 1 Fli20-05-2011
5BusinessBYP3-1 The financial statements of Tootsie roll in Appendix A at the back ANSWER KEY   BYP3-1 Tootsie roll in Appendix A   BYP3-1 The fi20-05-2011
5BusinessP4-3A On July 31, 2010, Fenton Company had a cash balance per books of $6,140 ANSWER KEY   P4-3A Fenton Company had   P4-3A On July 31, 20-05-2011
5BusinessE4-3 The following control procedures are used in Falk Company for over ANSWER KEY   E4-3 Falk Company   E4-3 The following control proc20-05-2011
5BusinessBYP4-9 As noted in the chapter, banks charge fees of up to $30 for ANSWER KEY   BYP4-9 As noted in the chapter, banks charge fees of up to $30 20-05-2011
7BusinessE5-16 An analysis of the accounts of Chamberlin Manufacturing reveals the following manufacturing cost data for   ANSWER KEY E5-16 An analysis 20-05-2011
4BusinessP5-1A Bjerg Company specializes in manufacturing a unique model of ANSWER KEY   P5-1A Bjerg Company specializes in manufacturing a unique model20-05-2011
4BusinessBYP5-6 Wayne Terrago, controller for Robbin Industries, was reviewing production   ANSWER KEY BYP5-6 Wayne Terrago, controller for Robbin20-05-2011
3BusinessE6-4. Black Brothers Furniture Corporation incurred the following costs.    ANSWER KEY E6-4.  Black Brothers Furniture Corporation i20-05-2011
8BusinessP6-2A Utech Company bottles and distributes Livit, a diet soft drink. ANSWER KEY   P6-2A Utech Company bottles and distributes Livit, a diet so20-05-2011
8BusinessBYP 6-3 The Coca-cola Company hardly needs an introduction.    ANSWER KEY BYP 6-3 The Coca-cola Company hardly needs an introduction. A li20-05-2011
4BusinessE7-13 Pink Martini Corporation is projecting a cash balance of $31,000 ANSWER KEY   E7-13 Pink Martini Corporation is projecting a cash balance21-05-2011
9BusinessP7-1A Danner Farm Supply Company manufactures and sells a pesticide ANSWER KEY   ANSWER KEY P7-1A Danner Farm Supply Company manufactures and s21-05-2011
4BusinessBYP7-2 Bedner & Flott Inc. manufactures ergonomic devices for computer users. ANSWER KEY   BYP7-2 Bedner & Flott Inc. manufactures ergo21-05-2011
3BusinessE8-3 Raney Company uses a flexible budget for manufacturing overhead based ANSWER KEY   E8-3 Raney Company uses a flexible budget for manufact21-05-2011
6BusinessP8-1A Malone Company estimates that 360,000 direct labor hours will be ANSWER KEY   P8-1A Malone Company estimates that 360,000 direct labor ho21-05-2011
4.5BusinessBYP8-6 National products corporation participates in a highly competitive industry ANSWER KEY   BYP8-6         &n21-05-2011
5BusinessE9-4 SY Telc has recently started the manufacture of RecRobo, a three-wheeled ANSWER KEY   E9-4 SY Telc has recently started the manufacture of21-05-2011
3.5BusinessE9-11 Twyla Enterprises uses a word processing computer to handle its sales ANSWER KEY   E9-11 Twyla Enterprises uses a word processing compute21-05-2011
5BusinessP9-1A Pro Sports Inc. manufactures basketballs for the National Basketball ANSWER KEY   P9-1A Pro Sports Inc. manufactures basketballs for the 21-05-2011
10Business9-5A Lewis Manufacturing Company has four operating divisions. During ANSWER KEY   9-5A Lewis Manufacturing Company has four operating division21-05-2011
3.5BusinessBYP9-6. Robert Buey became Chief Executive Officer of Phelps Manufacturing ANSWER KEY   BYP9-6. Robert Buey became Chief Executive Officer of P21-05-2011
6BusinessE10-5 Summer Company is considering three capital expenditure projects ANSWER KEY   E10-5 Summer Company is considering three capital expenditu21-05-2011
2.5Business8-6. The Pancake Corporation recently paid a $3 dividend, and is expected to grow   ANSWER KEY 8-6. The Pancake Corporation recently paid a $3 22-05-2011
5Business8-7 Tyler Inc.'s most recent annual dividend was $3.55 a share.  The firm has been growing at a   ANSWER KEY 7. Tyler Inc.'s most recent a22-05-2011
3BusinessP8-8 The Anderson Pipe Co. just paid an annual dividend of $3.75 and is expected to grow at 8% for   ANSWER KEY 8 The Anderson Pipe Co. just p22-05-2011
2.5BusinessP8-9 Cavanaugh Construction specializes in designing and building custom homes.  Business has   ANSWER KEY 9. Cavanaugh Construction spec22-05-2011
3BusinessP8-10 The Miller Milk Company has just come up with a new lactose free dessert product for people Valuation Based on Two Stage Growth   ANSWE22-05-2011
4BusinessP8-11 You are an investment analyst for a brokerage firm, and have been asked to develop a   ANSWER KEY 11 You are an investment analyst for a 22-05-2011
3BusinessP8-12 Calculate a price for Softek assuming that Alpha is successful and Beta is successful, but   ANSWER KEY 12 Calculate a price for Softek 22-05-2011
3BusinessP8-13 How would you advise clients on the stock as an investment under the following conditions?   ANSWER KEY 13 How would you advise clients 22-05-2011
3BusinessP8-14 Garrett Corp. has been going through a difficult financial period.  Over the past three years, its   ANSWER KEY 14 Garrett Corp. has22-05-2011
4BusinessP8-15 General Machine Works Inc. (GMW) has been losing money for some time but has managed to   ANSWER KEY 15 General Machine Works Inc. (GMW) 22-05-2011
3BusinessP8-16 Sudsy Inc. recently paid an annual dividend of $1.00 per share.  Analysts expect that amount to   ANSWER KEY P8-16 Sudsy Inc. recent22-05-2011
1MathsAs a part of their customer-service program, United Airlines wanted to select 10 passengers from today's 9 A.M. Chicago-Tampa flight to be interviewed22-05-2011
1BusinessP8-17 Blackstone Corporation's $7 preferred was issued five years ago.  The risk-appropriate interest rate Pricing Preferred Stock   ANSW23-05-2011
2BusinessP8-18 Fox Woodworking Inc. issued preferred shares at a face value of $50 to yield 9% 10 years ago.    ANSWER KEY P8-18 Fox Woodworking I23-05-2011
2.5BusinessP8-19 The following preferred stocks are returning 8.5% to their owners:   ANSWER KEY 19 The following preferred stocks are returning 8.5% to t23-05-2011
3BusinessP8-20 Koski and Hass (K&H) just paid a $2 dividend which is expected to grow at 5% indefinitely.    ANSWER KEY 20 Koski and Hass (K&a23-05-2011
5BusinessP8-21 Seth Harris is an avid investor who likes to speculate on stock price changes.  Lately he’s Stock Options   ANSWER KEY 21.  23-05-2011
4BusinessP7-1 The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond Finding the Price of a Bond   ANSWER KE23-05-2011
3.5BusinessP7-2 Calculate the market price of a $1,000 face value bond under the following conditions.   ANSWER KEY 2 Calculate the market price of a $1,23-05-2011
3.5BusinessP7-4 The Sampson Company issued a $1,000 bond 5 years ago with an initial term of 25 years and   ANSWER KEY 4 The Sampson Company issued a $1,023-05-2011
2.5BusinessP7-5 Fix-It Inc. recently issued 10-year, $1,000 par value bonds at an 8% coupon rate..   ANSWER KEY 5 Fix-It Inc. recently issued 10-year, $1,23-05-2011
2BusinessP7-6 The Mariposa Co. has two bonds outstanding.  One was issued 25 years ago at a coupon rate   ANSWER KEY 6. The Mariposa Co. has two bo23-05-2011
1.5BusinessP7-7 Longly Trucking is issuing a 20-year bond with a $2,000 face value tomorrow.  The issue is   ANSWER KEY 7 Longly Trucking is issuing 23-05-2011
3BusinessP7-8 Daubert, Inc. planned to issue and sell at par 10-year, $1,000 face value bonds totaling $400   ANSWER KEY 8 Daubert, Inc. planned to issu23-05-2011
2.5BusinessP7-9 Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in   ANSWER KEY 9 Tutak Industries issued a $1,00023-05-2011
5BusinessP7-10 John Wilson is a conservative investor who has asked your advice about two bonds he is   ANSWER KEY 10 John Wilson is a conservative inve23-05-2011
3BusinessP7-11 Smithson Co.'s Class A bonds have 10 years to go until maturity.  They have a $1,000 face Finding the Yield at a Price   ANSWER KEY23-05-2011
2.5BusinessP7-12 Hoste Corp. issued a $1,000 face value 20-year bond seven years ago with a 12% coupon rate.    ANSWER KEY 12 Hoste Corp. issued a $23-05-2011
2.5BusinessP7-13 Pam Smith just inherited a $1,000 face value K-S Inc. bond from her grandmother.  The bond   ANSWER KEY 13.    Pam Sm23-05-2011
3BusinessP7-14 Ernie Griffin just purchased a 5-year zero coupon corporate bond for $680.60 and plans to   ANSWR KEY 14 Ernie Griffin just purchased a 523-05-2011
9BusinessP15, 16, 17 Pricing a Likely to be Called Bond Apollo's Alpha bond was issued 10 years ago   Problems 15 through 17 refer to the bonds of the 23-05-2011
3BusinessP7-18 Snyder Mfg. issued a $1,000 face value 30-year bond 5 years ago with an 8% coupon.  The   ANSWER KEY 18 Snyder Mfg. issued a $1,000 23-05-2011
2.5BusinessP7-19 Your friend Marvin is excited because he believes he’s found an investment bargain.  A broker at Risky Issues   ANSWER KEY 19 You23-05-2011
3BusinessP7-20 Pacheco Inc. issued convertible bonds 10 years ago.  Each bond had an initial term of 30 Basics of Investing in Convertible Bonds   23-05-2011
6BusinessP7-21 Jake Cornwall just bought a $1,000 par value, 8% coupon rate, 30 year bond of the Pristine Corp.    ANSWER KEY 21 Jake Cornwall jus23-05-2011
6BusinessP7-22 The Maritime Engineering Corp sold 1,500 convertible bonds two years ago at their $1,000 par Calculating the Conversion Premium and Dilution &23-05-2011
5BusinessP7-23 Lindstrom Corp. reported earnings after tax (EAT) of $2,160,000 last year along with basic   ANSWER KEY 23 Lindstrom Corp. reported earni23-05-2011
7BusinessC1 (Beta and required return) The riskless return is currently 6%, and Chicago Gear has estimated the contingent returns given here. a. Calculate th25-05-2011
7BusinessBeta and required return. The riskless return is currently 6%, and Chicago Gear has estimated the contingent returns given here.   C1 (Beta and25-05-2011
7Business The riskless return is currently 6%, and Chicago Gear has estimated the contingent returns given here.   C1 (Beta and required return) The r25-05-2011
15BusinessFinance Unit 10 - Quiz 40 Questions   1. The primary operating goal of a publicly-owned firm interested in serving its stockholders should26-05-2011
0Business26-05-2011
6BusinessA market has only two sellers. They are both trying to decide on a pricing strategy. If both firms charge a high price, then each firm will experience26-05-2011
1.5BusinessA mattress manufacturer has provided the following cost data. The cost of fabric, foam, springs, and lumber is $68,000. The cost of indirect materials26-05-2011
1.5BusinessA mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has the value 200, what is the va26-05-2011
1.5BusinessManaging Working Capital. A new computer system allows your firm to more accurately monitor inventory and anticipate future inventory shortfalls. As26-05-2011
1.5BusinessA partial listing of costs incurred during march at Febbo corporation appears below: Factory supplies.........9,000 Administrative wages and salar26-05-2011
5BusinessA person invests 2,000 a year in a retirement account, how much will they have?   a. In 5 years at 6% $2,697.70 b. In 20 years at 10% $14,656.26-05-2011
3.5BusinessA person that invest $9,000 today, how much will they have?   a. 2 years at 9% $10,620.00 b. 7 years at 12% $16,560.00 c. 25 years at 14% $1326-05-2011
5BusinessA plant producing hydrogen has a fixed overhead of $10,000,000 per year and incurs a variable cost of $40.00 per ton. The average selling price is $9026-05-2011
3BusinessA Plant uses process costing has 8,000 units in beginning work in process, 15,000 more started, and 5,000 units in the ending work in process. Using t26-05-2011
2.5BusinessA preferred stock issue was sold two years ago by your firm for a price of $25.00. The current market price of preferred issue is $17.00. The stock ha26-05-2011
4.5BusinessA project has an initial cost of $52,125, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 12%. a) What is the pr26-05-2011
5BusinessB. G. Drive-In is a fast-food restaurant that sells burgers and hot dogs in a 1950s      environment.  The fixed operating co09-02-2016
2BusinessA real estate investment has the following expected cash flows: Year Cash Flows 1 $10,000 2 25,000 3 50,000 4 35,000 If the discount rate is 8%,26-05-2011
2.5BusinessCurrent yield: A semiannual coupon bond matures in 7 years sells for $1,020. It has a face value of $1,000 and a yield to maturity of 10.5883 percent.26-05-2011
2BusinessA share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, and if investors require a(n) 1126-05-2011
0Business26-05-2011
3.5BusinessA stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent. The required rate of return 26-05-2011
3BusinessA stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6 percent a 26-05-2011
2.5BusinessA stock expects to pay a year-end dividend of $2.00 a share (i.e., D1 = $2.00; assume that last year's dividend has already been paid). The dividend i26-05-2011
2.5BusinessBeta and required rate of return: A stock has a required return of 11 percent; the risk-free rate is 7 percent; and the market risk premium is 4 perce26-05-2011
1.5BusinessA stock has an expected return of 12.25 percent. The beta of the stock is 1.15 and the risk-free rate is 5 percent. What is the market risk premium? 26-05-2011
2.5BusinessA stock is currently worth $100. Each period the stock price may increase or decrease by 20%. A call option on the stock expires in the next period an26-05-2011
1.5BusinessA stock is expected to pay $0.80 per share every year indefinitely. If the current price of the stock is $18.90, and the equity cost of capital for th26-05-2011
1.5BusinessA stock sells for $ 28.50 and earned 1.80 per share during the current year.  (a) What is the price/earnings (P/E) ratio for this firm? 26-05-2011
2.5BusinessConstant-Growth Model. A stock sells for $40. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is 15 percent a26-05-2011
2BusinessA summary of the time tickets for the current month are as follows:   Job No.            Amou26-05-2011
3BusinessA Treasury bond that matures in 10 years has a yield of 6%. A 10-year corporate bond has a yield of 9%. Assume that the liquidity premium on the corpo26-05-2011
3.5BusinessCompare the after-tax rates of return for a corporate investor from the following two investments: A twenty year, corporate bond that sells for par an26-05-2011
4BusinessA4. (Estimating the WACC with three sources of capital) Eschevarria Research has the capital structure given here. If Eschevarria’s tax rate is 30%,26-05-2011
4BusinessA4. Estimating the WACC with three sources of capital Eschevarria Research has the capital structure given here. If Eschevarria’s tax rate is 30%, w26-05-2011
2BusinessA5. (Required return) According to the CAPM, what would be the required return on   FIN 571 CHAPTER 7 A5 UOP FIN 571 CHAPTER 7 A5  26-05-2011
2BusinessA5. (Yield to maturity) New Jersey Lighting has a 7% coupon bond maturing in 17 years. The current market price of the bond is $975. What is the bond26-05-2011
3BusinessA5. (Investment criteria) Compute the NPV, IRR, and payback period for the following investment.Corporate Financial Management (3rd Edition): Emery, D26-05-2011
1.5BusinessA5. (Cost of limited partner capital) What is the cost of limited partner capital if a limited partner   Ch. 21: Problem   A5. (Cost of26-05-2011
4BusinessIn Excel A6. (Yield to maturity) Marstel Industries has a 9.2% bond maturing in 15 years. What is the yield to maturity if the current market price of29-05-2011
3BusinessA7. (Yield to maturity) Kraft’s 5.75% coupon bond that matures in five years is selling for 98. a. What is the yield to maturity? b. What is the cu29-05-2011
3.5BusinessFin 571 corporate finance 22-A9 (Cost of trade credit) Trade credit terms are 2/10, net 40. a. What is the true interest cost of skipping the discou29-05-2011
1.5BusinessA9. (Two-period dividend discount model) New England Electric has projected dividends of $2.72 in one year and $3.10 in two years. If the stock is pro29-05-2011
1.5BusinessA10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60 next year and its dividends are expected to grow at a rate29-05-2011
1.5BusinessA11. (Expected return) Northern States Power has a projected dividend of $3.60 next year. The current stock price is $50.50 per share. If the dividend29-05-2011
1.5BusinessA12. (Cost of bank loan) A bank loan agreement calls for an interest rate equal to prime rate plus 1%.A12. (Cost of bank loan) Individual assignment:29-05-2011
1.5BusinessA12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is nongrowing. What is the requ29-05-2011
1.5BusinessA12. (Required Return for a Preferred Stock) James River $3.38 preferred is selling for $45.25. The prefer   Corporate Financial Management (3r29-05-2011
1.5BusinessA13. (Required return for a preferred stock) Sony $4.50 preferred is selling for $65.50. The preferred dividend is nongrowing. What is the required re29-05-2011
1.5BusinessA14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that pays a $1.00 quarterly dividend and has a required 29-05-2011
1.5BusinessA15. (Stock valuation) Let’s say the Mill Due Corporation is expected to pay a dividend of $5.00 per year on its common stock forever into the futur29-05-2011
1.5BusinessLet’s say the Mill Due Corporation is expected to pay a dividend of $5.00 per   A15. (Stock valuation) Let’s say the Mill Due Corporation i29-05-2011
1.5BusinessA16. (Growth rate) Suppose Toshiba has a payout ratio of 55% and an expected return on its future investments of 15%. What is Toshiba’s expected gro29-05-2011
1.5BusinessA17. (Valuing a perpetual bond) Suppose a bond pays $90 per year forever. If the bond’s required return is 10.3%, what is the bond selling for in th29-05-2011
2.5BusinessAbbot Enterprises issued a bond having a par value of $1,000, a 7 year life and a 12% coupon rate. If interest is paid annually and the discount rate 29-05-2011
2BusinessABC Co. has forecasted May sales of 600 units and June sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales29-05-2011
2.5BusinessABC Company recently issued two types of bonds. The first issue consisted of 20-year straight debt with an 8 percent annual coupon. The second issue c29-05-2011
9BusinessABC Company's management wants to determine if Division B should be eliminated. The following data are available (in thousands):   Contributio29-05-2011
6BusinessABC Corp. has announced $ 50,000 in net income after paying taxes of $ 26,000 and interest of $ 20,000.  They intend to pay $ 17,000 of net incom29-05-2011
3BusinessABC Corp. plans to sell 80,000 shares of stock at the current market price of $ 50 per share.  The firm has 220,000 shares already outstanding wi29-05-2011
2.5BusinessABC Corp. requires $ 500,000 to take a cash discount of 2/10 net 70.  A bank will loan the money for 60 days at an interest cost of $8,100. 29-05-2011
3BusinessABC has a P/E ratio of 12 and maintains a dividend payout ratio of 40%. The stock price of ABC on January 1st. is $32. What would be the value of the 29-05-2011
7Business5 ABC has many bonds trading on the NYSW. Suppose ABC’s bonds have identical coupon rates of 8.75% but that one issue matures in 1 year, one in 5 ye30-05-2011
7Business1. ABC Inc. is considering the purchase of a new machine with an initial outlay of $4,500 & expected cash flows in year 1-4 of $2,200 per year. Th30-05-2011
3BusinessABC Incorporated is a computer firm specializing in P.C.s that have 9 billion K in random access memory. This is a new firm that will pay no dividend 30-05-2011
5Business(7) ABC is a profitable firm that is not paying a dividend on its common stock with a required return of 10%. a. If ABC begins paying a $1.50 per sha30-05-2011
3BusinessABC Ltd makes three products, typically selling 92,500 units of A, 57,250 units of B and 15,125 units of C. Direct materials costs are $30, $40 and $130-05-2011
12Business Using the following trial balance information for Bob’s Flowers for 2010, prepare an adjusted trial balance, adjusting and closing journal ent19-01-2014
3BusinessABC Outlet Store is looking for a new location near a shopping mall. It is considering purchasing a building rather than leasing, as it has done in th30-05-2011
1.5BusinessABC Sign Company makes metal signs for businesses and residences.  These signs are made of sheet metal, which the owner paints by hand.  The30-05-2011
2.5BusinessABD Realty manages five apartment complexes in its region. Shown below are summary income statements for each apartment complex:    &n30-05-2011
9BusinessAbel Athletics is considering purchasing new manufacturing equipment that costs $1,300,000 and is expected to improve cash flows by $500,000 in year 130-05-2011
3BusinessACC 226 Q13-2Check Point: Stock Issuances, Dividends, and Splits   QS 13-2 Prepare the journal entry to record each separate transaction. &nbs30-05-2011
3BusinessQS 13-2 Prepare the journal entry to record each separate transaction.   Check Point: Stock Issuances, Dividends, and Splits Complete Quick St30-05-2011
7BusinessACC 226 wk 3 Exercise 11-1 Exercise 11-7   ACC 226 wk 3 E 11-1 E 11-7   CheckPoint: Classifying Liabilities and Preparing Payroll Entrie30-05-2011
6Business 10-67 Budget preparation, breakeven point, what-if analysis with multiple products (Adapted from CPA, May 1993)   The following budget30-05-2011
6Business The following budget info for the yr ending Dec 31, 2006, pertains to Rust Co. operations 10-67 Budget preparation, breakeven point, what-if 30-05-2011
0Business Superior Manufacturing is thinking of launching a new product. The company expects to sell $950,000 of the new product in the first Long-Ter30-05-2011
13Business Superior Manufacturing is thinking of launching a new product. The company expects to sell $950,000 of the new product in the first Long-Ter30-05-2011
5Businessreturn B18. Default Risk. You buy a very risky bond that promises a 9.5% coupon and return of the $1,000   Chapter 5, Problems Corporate Finan01-06-2011
1BusinessBALANCE SHEET ACCOUNTS ON December 31, 2005.   Stock holders equity             &nb01-06-2011
1BusinessBalance sheet analysis Complete the balance sheet and sales information that follows using the following financial data:   Debt ratio: 50% Cur01-06-2011
1BusinessBalance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Payable 100,000 Acc exp01-06-2011
0BusinessBaldwin, Inc. paid $18,500 in dividends and $44,600 in interest over the past year while net working capital increased from $10,200 to $28,200. The c01-06-2011
1BusinessBaldwin, Inc. paid $18,500 in dividends and $44,600 in interest over the past year while net working capital increased from $10,200 to $28,200. The c01-06-2011
1BusinessBaldwin, Inc. paid $18,500 in dividends and $44,600 in interest over the past year while net working capital increased from $10,200 to $28,200. The c01-06-2011
1BusinessBallack Inc. is a 100% equity-financed company (no debt or preferred stock); hence its weighted average cost of capital (WACC) equals its cost of comm01-06-2011
1BusinessBallance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Pyable 100,000 Acc exp01-06-2011
1BusinessBallance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Pyable 100,000 Acc exp01-06-2011
1BusinessBallance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Pyable 100,000 Acc exp01-06-2011
1BusinessThe following information is available for Barkley Company Net income $325,000 Beginning accounts payable $109,000 Depreciation expense 107,0001-06-2011
1Business3. The following totals are taken from the December 31, 2004, balance sheet of Bartholomew Company: Current assets................................01-06-2011
1BusinessCash budget – Basic Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May, June, and July are $70,000, $8001-06-2011
1BusinessBauer Inc, s bonds currently sell for $1,275 an have a par value of $1,000. They pay a $120 annual coupon and have a 20-year maturity, but they can b01-06-2011
1BusinessBaxter Products manufactures office furniture by using an assembly-line process. All direct materials are introduced at the start of the process, and01-06-2011
1BusinessBE 3-9 The adjusted trial balance of Lumas Company at December 31, 2002, includes the following accounts BE 3-9 Lumas Company Financial accounti01-06-2011
1BusinessBalance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Payable 100,000 Acc exp01-06-2011
1BusinessBaldwin, Inc. paid $18,500 in dividends and $44,600 in interest over the past year while net working capital increased from $10,200 to $28,200.  01-06-2011
1BusinessBallack Inc. is a 100% equity-financed company (no debt or preferred stock); hence its weighted average cost of capital (WACC) equals its cost of01-06-2011
1BusinessBallance Sheet Cash 50,000 Accts Rec 100,000 Net Pint Equipment 650,000 Total Assets 1,000,000 LIABLITIY STKHOLDER EQUITY Accts Pyable 100,000 Acc exp01-06-2011
1BusinessBankserv, an IT company specialized in financial IT solutions is considering buying a new data processing and management information system.  The01-06-2011
1BusinessBankserv, an IT company specialized in financial IT solutions is considering buying a new data processing and management information system.  The01-06-2011
1BusinessThe following information is available for Barkley Company   Net income            01-06-2011
1Business3. The following totals are taken from the December 31, 2004, balance sheet of Bartholomew Company:   Current assets...................01-06-2011
1BusinessCash budget – Basic Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May, June, and July are $70,000, $8001-06-2011
1BusinessE11-6  Compute the materials and labor variances and list reasons for unfavorable variances. (SO 4, 6) The following direct materials and dir01-06-2011
1BusinessBauer Inc, s bonds currently sell for $1,275 an have a par value of $1,000. They pay a $120 annual coupon and have a 20-year maturity, but they can b01-06-2011
1BusinessBaxter Products manufactures office furniture by using an assembly-line process.  All direct materials are introduced at the start of the process01-06-2011
1BusinessBE 3-9 The adjusted trial balance of Lumas Company at December 31, 2002, includes the following accounts   BE 3-9 Lumas Company   Financ01-06-2011
1BusinessBE 24-4 Hannon Company expects to produce 1,200,000 units of Product XX in 2008. Monthly production is expected to range from 80,000 to 120,000 units.01-06-2011
1Business BE24-4   Hannon Company expects to produce 1,200,000 units of Product XX in 2008. Monthly production is expected to range from 80,001-06-2011
1BusinessPreferred stock vs bonds   Beacon Inc, has decided to expand its operations to owning and operating long-tem health care facilities. The follow01-06-2011
1BusinessBeaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a contribution margin o01-06-2011
1BusinessExercise 2-8 The following selected information is taken from the records of Beckstrom Corporation. Accounts payable $ 35,000 Acco01-06-2011
1BusinessConsider the following financial statement information                 &01-06-2011
1Business 1. Beginning inventory has 9 units costing $3 each.  On February 2, we purchase 5 units costing $3.60 each.  On March 17, we sell 6 units.01-06-2011
1BusinessBeginning Inventory, Direct Materials           $12,500 Ending Inventory, Direct Materials   &01-06-2011
1BusinessBeginning work in process was $145,000. Manufacturing cost incurred for the month was $810,000. The ending work in process was $200,000. What was the 01-06-2011
1BusinessP10-4A Calculate revisions to depreciation expense. (SO 3, 4) At the beginning of 2004, Bellamy Company acquired equipment costing $60,000. It was 01-06-2011
1Business P10-4A Calculate revisions to depreciation expense. (SO 3, 4) At the beginning of 2004, Bellamy Company acquired equipment costing $60,001-06-2011
1BusinessPrepare a balance sheet and income statement for Belmond, Inc., from the following information. How much is the firm’s net working capital and what 01-06-2011
1Business Bendel Inc. has an operating leverage of 7.3. If the company's sales increase by 3%, its net operating income should increase by about: A) 243.3% 01-06-2011
1BusinessBenjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. I01-06-2011
1BusinessBennette Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries $340,000 D02-06-2011
1Business Bertucci Corporation makes three products that use the current constraint-a particular type of machine. Data concerning those products appear belo02-06-2011
1.5BusinessBaldwin, Inc. paid $18,500 in dividends and $44,600 in interest over the past year while net working capital increased from $10,200 to $28,200.  02-06-2011
0BusinessBelow are the hypothetical returns during the past seven years on a market portfolio of common stocks and a portfolio of Treasury Bills: YEAR02-06-2011
7BusinessE11-6 Compute the materials and labor variances and list reasons for unfavorable variances. (SO 4, 6)   E11-6 The following direct mater02-06-2011
7BusinessE11-6 Batista Manufacturing Company   E11-6 The following direct materials and direct labor data pertain to the operations of Batista Manufactu02-06-2011
1BusinessBelow are the hypothetical returns during the past seven years on a market portfolio of common stocks and a portfolio of Treasury Bills: YEAR02-06-2011
2BusinessBauer Inc, s bonds currently sell for $1,275 an have a par value of $1,000. They pay a $120 annual coupon and have a 20-year maturity, but they can b02-06-2011
6Business Baxter Products manufactures office furniture by using an assembly-line process.  All direct materials are introduced at the start of the proce02-06-2011
1BusinessACC 300 Use the following information to answer questions 8–12: Benton Office Supplies Balance Sheet December 31, 2007   Cash  02-06-2011
1BusinessBeta Company, Whose accounting year ends Dec. 31, purchased a computer system on July 1, 2003, for $1,600,000 and sold it on June 30, 2007, for $500,002-06-2011
1Business Betz Company's sales budget shows the following projections for next year:             02-06-2011
20BusinessResources: Ch. 4, 5, 7 of Corporate Financial ManagementComplete the following problem sets and show all steps in your work:• Ch. 4: Problems A9 &am02-06-2011
1.5Business Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a contribution ma02-06-2011
1BusinessDuring June, Bezold Corporation produced 12,000 units and sold them for $20 per unit. Total fixed costs for the period were $154,000, and the operatin02-06-2011
1.5Business Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a contribution ma02-06-2011
1BusinessDuring June, Bezold Corporation produced 12,000 units and sold them for $20 per unit. Total fixed costs for the period were $154,000, and the operatin02-06-2011
1BusinessBH Fundamentals of financial management By Eugene F. Brigham, Joel F. Houston   Fundamentals of financial management Fifth edition   C02-06-2011
1BusinessBHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities are 30% 02-06-2011
1Business The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Work02-06-2011
4Business Below are the hypothetical returns during the past seven years on a market portfolio of common stocks and a portfolio of Treasury Bills: 02-06-2011
1BusinessUsing the following information, complete the income statement for Big Corporation:   Sales $__ Cost of Good Sold $ 8,000,000 Gross Profit02-06-2011
1BusinessDuring the summer, Bill Jones decided to earn money as a lawn service professional. He solicited business in the area and received enough interest in 02-06-2011
1BusinessBinder Inc's stock has a required rate of return of 10%, and it sells for $40 per share. Binder dividend is expected to grow at a constant rate of 7% 02-06-2011
1BusinessBinegar Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined ov02-06-2011
1BusinessBE9-8  Bitteman, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $200,000, var02-06-2011
1BusinessCommon Costs and the Death Spiral Blaine Avenue Company manufactures three products. Gross margin computations for these three products for 2006 are a02-06-2011
1BusinessThe Blaz Company’s capital structure is as follows: Debt…………. …………. 35% Preferred stock ………… 15 Common equity………… 5002-06-2011
1Business XACC 280 Axia College of University of Phoenix (UoP) Principles of Accounting: Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial02-06-2011
1Business BloomFree is an organic floral shop. After its first quarter of operations, the company's accountant prepared the following adjusted trial bal02-06-2011
1BusinessPrepare a journal entry for each of the following-a.) blue corporation sells 12,000 shares of $10 par commons stock for $13 per shareb.) blue corporat02-06-2011
0BusinessBobblehead Corporation produces and sells basketball jerseys. On July 1, 2008, Bobblehead Corp. issued $16,000,000 of seven-year, 13% bonds at an effe02-06-2011
1BusinessBobblehead Corporation produces and sells basketball jerseys. On July 1, 2008, Bobblehead Corp. issued $16,000,000 of seven-year, 13% bonds at an effe02-06-2011
0BusinessBoehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year (i.e Do = $1.50). The dividend is expected to grow at a consta02-06-2011
1BusinessBoehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year (i.e Do = $1.50). The dividend is expected to grow at a consta02-06-2011
1BusinessExercise 5-37 Bogden Company introduced JIT manufacturing last year and has prepared the following data to assess the benefits from the change. Cate02-06-2011
6Business Berry Company produces a single product. The projected income statement for the coming year is as follows: Sales (50,000 units @ $45) &n02-06-2011
2.5Business Financial Data for Springfield Power Co. as of December 31, 2006:   Inventory $200,000 Long-term debt 300,000 Interest expense 02-06-2011
1.5BusinessYou are considering two mutually exclusive projects. The cost of capital is 10%, and cash flows of the projects are as follows: Year Project A 02-06-2011
1.5Business Consider two mutually exclusive projects X and Y with identical initial outlays of $400,000 and useful lives of 5 years. Project X is expected t02-06-2011
2Business Swales' Sails has total assets of $10 million and total debt of $6 million. What are Swales' debt ratio and total debt/total equity ratio, respe02-06-2011
1.5Business You invested $1,000,000 in a small business 5 years ago. The business brought in $300,000 at the end of each year before you walked away from it02-06-2011
2Business You are considering two mutually exclusive projects with a cost of capital equal to 10%: Year Cash Flow A Cash Flow B 0 -$75,000 -$75,000 102-06-2011
2Business An investment in Roen is expected to provide the following cash flows at the end of each respective year: Year Cash Flow 1 $200,000 2 350,0002-06-2011
1.5Business14. The following information is available on Company A:Sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900,000Net operating income 02-06-2011
1BusinessBois Corporation has provided its contribution format income statement for January. Sales.................................. $426,400 02-06-2011
0BusinessBond Valuation - A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bon's coupon rate is 7.4%. What is the03-06-2011
1BusinessBond Valuation - A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bon's coupon rate is 7.4%. What is the03-06-2011
1Business5. Bond valuation. Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 per value; the coupon 03-06-2011
1.5BusinessYou are considering two mutually exclusive projects with a cost of capital equal to 10%: Year Cash Flow A Cash Flow B 0 -$75,000 -$75,000 1 35,203-06-2011
1Business11 Bond Yields. Other things equal, will the following provisions increase or decrease the yield to maturity at which a firm can issue a bond?03-06-2011
2BusinessYou are considering two mutually exclusive projects. The cost of capital is 10%, and cash flows of the projects are as follows: Year Project A 03-06-2011
1BusinessBond Yields. Other things equal, will the following provisions increase or decrease the yield to maturity at which a firm can issue a bond? a. a call03-06-2011
2BusinessA $1,000 par bond matures in 10 years and carries a 5% coupon paid semiannually. What is the intrinsic value if prevailing interest rates are 8%? 03-06-2011
1BusinessThe management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system appear below:   Sal03-06-2011
2.5Business A company issues bonds. The par value is $1,000.00, the coupon rate is 5.00% and the maturity is 10 years. If the company issues the bonds at a 03-06-2011
2.5Business Suppose further that the MRP on a 10 year T-bond is 0.9% that no MRP is required on TIPs, and that no liquidity premiums are required on any T-b03-06-2011
1BusinessThe following standard costs pertain to a component part manufactured by Bor Company:           &nb03-06-2011
2.5Business On Feb 1 2006 Company A issued 10% bonds dated Feb 1, 2006, with a face amount of $200,000. The bonds sold for #239, 588 and mature in 20 years.03-06-2011
3Business The owner of capital bugeting of Folt's development Corporation is evaluating a project that will cost $200,000; it is expected to last for 10 y03-06-2011
3Business The manufacturer of TricoFlexers has agree to offer Pam a price discount of $5 per unit ($45 rather than $50) if she buy 1,500. Assuming annual 03-06-2011
3Business The manufacturer of TricoFlexers has agree to offer Pam a price discount of $5 per unit ($45 rather than $50) if she buy 1,500. Assuming annual 03-06-2011
3Business You bought a racehorse that has had a winning streak for four years, bringing in $500,000 per year before dying of a heart attack. If you paid $03-06-2011
2.5Business What is the present value of an investment that pays $10,000 every year at year-end for the next 5years, and $15,000 every year at year-end for 03-06-2011
2Business Pam runs a mail order business for gym equipment. Annual demand for the Trico flexers is 16,000. The annual holding cost per unit is $2.50, and 03-06-2011
1BusinessP 6-2A. The management of Borealis Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside sup03-06-2011
1BusinessExercise 2   BOSE Stereo Shops has asked you to compare the company’s profit performance and financial position with the average for the ster03-06-2011
0Business Question 4: Exercise 14-1: Recording bond issuance and interest L.O. P1 On January 1, 2008, Boston Enterprises issues bon03-06-2011
0Business Exercise 14-1: Recording bond issuance and interest L.O. P1   On January 1, 2008, Boston Enterprises issues bonds that have03-06-2011
0Business E14-1: Recording bond issuance and interest L.O. P1   On January 1, 2008, Boston Enterprises issues bonds that ha03-06-2011
1BusinessI. Journalize the following transactions:   1) Bought $20,000 of inventory on account from a vendor.   2) Billed customers $670,000 for03-06-2011
1BusinessProblem 6-54 Classification of Receivables Accounts receivable Balance as of December 31, 2009 Percentage Estimated Uncollectible Un03-06-2011
0BusinessFrom the following items in the Income Statement columns of the work sheet of Bower Company at December 31, 20XX, prepare the closing entries without 03-06-2011
1BusinessFrom the following items in the Income Statement columns of the work sheet of Bower Company at December 31, 20XX, prepare the closing entries without 03-06-2011
1BusinessDividends: Bowles Sporting Inc. is prepared to report the following income statement (shown in thousands of dollars) for the year 2006 Sales $15,20003-06-2011
0BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n03-06-2011
0BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n03-06-2011
0BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n03-06-2011
1BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n03-06-2011
1BusinessBramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·     &n03-06-2011
1Business2. The following data are from a comparison of the balance sheets of Brassie Company as of December 31, 2004, and December 31, 2003: Account03-06-2011
7BusinessFundamental Accounting principles 20th edition: EXERCISE 13 - 8:Wade's outstanding stock consists of 40,000 shares of noncumulative 7.5% preferred sto03-06-2011
1BusinessProblem 6 – 2A: Determine cost of goods sold and ending inventory using FIFO, LIFO, and average cost with analysis. Breathless Distribution market03-06-2011
1BusinessBrentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and long term debt of $5200. What 03-06-2011
0BusinessBrentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and long term debt of $5200. What 03-06-2011
0BusinessBrentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and long term debt of $5200. What 03-06-2011
1BusinessBrentwood Originals reported the following data related to its ending inventory: Product Units Available Cost Market 707 100 $10 $11 708 75 16 03-06-2011
1BusinessBrentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and long term debt of $5200. What 03-06-2011
1BusinessBrentwood Originals reported the following data related to its ending inventory:   Product Units Available Cost Market 7004-06-2011
1BusinessBridge Benefit Cost Benefit-Cost Benefit/Cost 1 80 40 40 2 2 60 20 40 3 3 60 40 20 1.5 4 20 40 -20 .5 5 30 20 10 1.5 6 30 40 -10 .75 What is op04-06-2011
1BusinessA.  Briefly distinguish between managerial and financial accounting in terms of (a) the intended users of the information and (b) the purpose o04-06-2011
1BusinessA.  Briefly distinguish between managerial and financial accounting in terms of (a) the intended users of the information and (b) the purpose of 04-06-2011
1BusinessBrilliant Accents Company manufactures and sells three styles of kitchen faucets:  brass, chrome, and white.  Production takes 25, 25, and 104-06-2011
1BusinessWage and tax statement data and employer FICA tax   Bristol Distribution Company began business on January 2, 2007. Salaries were paid to emplo04-06-2011
1BusinessBromine L.P. made the following merchandise purchases and sales during the current month:   May  3 purchased 380 Units @ 04-06-2011
1BusinessThe Bronco Birdfeed Company reported the following information: Sales (400 cases)............................ $100,000 Variable expenses...........04-06-2011
1Business 1.  Broomfield Company budgeted $6,000,000 of manufacturing overhead for  the current year, and 50,000 hours of direct labor (cost of $60/04-06-2011
1BusinessBrower, Inc. just constructed a manufacturing plant in Ghana. The construction cost 9 billion Ghanian cedi. Brower intends to leave the plant open for04-06-2011
1BusinessThe following balance sheet was prepared by the bookkeepers for Brown Company as of December          &04-06-2011
1BusinessBrown Enterprises’ bonds currently sell for $1,025. They have a 9-year maturity, an annual coupon of $80, and a par value of $1,000. What is their04-06-2011
1BusinessOn December 31, 2010 Brown Company's inventory burned. Sales and purchases for the year had been $1,400,000 and $980,000, respectively. The beginning 04-06-2011
0BusinessBrowning Company makes four products in a single facility. These products have the following unit product costs: 04-06-2011
1BusinessBrowning Company makes four products in a single facility. These products have the following unit product costs:   Product A Produ04-06-2011
0BusinessBrowning Company makes four products in a single facility. These products have the following unit product costs:   Product A Produ04-06-2011
1BusinessStock splits and dividends BTC has 500,000 shares of stock outstanding that sell for $85 per share. Assuming no market imperfections or tax effect ex04-06-2011
1BusinessBTN 13-1 Refer to Krispy Kreme’s financial statements in Appendix A to answer the following:   ANSWER KEY BTN 13-1 Refer to Krispy Kreme’s 04-06-2011
1BusinessBuellton Welding Corp. sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Buellton Weldi04-06-2011
1BusinessResidual dividend model  Buena Terra Corporation is reviewing its capital budget for the upcoming year. It has paid a $3.00 dividend per share (04-06-2011
1BusinessDepreciation Buff Company purchased equipment for $500,000 cash on July 1, 2006. The estimated life is 5 years or 1,000,000 units; salvage value is es04-06-2011
1Business14. Cost of Equity. Bunkhouse Electronics is a recently incorporated firm that makes electronic entertainment systems. Its earnings and dividends have04-06-2011
1BusinessBURIEN, INC. Departmental Income Statement For Year Ended December 31              &nb04-06-2011
1BusinessBurtch Company’s net income last year was $112,000. Changes in the company’s balance sheet accounts for the year appear below:   Increases&04-06-2011
1BusinessBusiness Book Publishing needs to borrow $700,000 in order to finance its new inventory.  Two banks in town offered different loan terms:  M04-06-2011
1BusinessBYP 6-4   BYP 6-4 On April 10, 2008, fire damaged the office and warehouse of Inwood Company. Most of the accounting records were destroyed, b04-06-2011
1BusinessBG 615 Exercises on Accounting Fundamentals Fall, 2008   1.      Refer to the Excel spreadsheet, containing a trial 04-06-2011
1BusinessBiggs Industries is considering two alternative ways to depreciate a proposed investment. The investment has an initial cost of $100,000 and an expect04-06-2011
1BusinessProblem 13-16: Blueline tours, Inc., operates tours throughout the United States. A study has indicated that some of the tours are not profitable, an04-06-2011
1Business4. Rank the durations or effective durations of the following pairs of bonds:   a. Bond A is an 8% coupon bond, with a 20-year time to maturity04-06-2011
1Business12. Bond Price. A 30-year maturity bond with a face value of $1000 makes annual coupon payment rate of 8 %. What is the bond’s yield to maturity if 04-06-2011
1BusinessBonn Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000.  The annual interest is 6%, based on semiann04-06-2011
0Business On January 1, 2008, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 8% interest semiannually on 04-06-2011
0Business On January 1, 2008, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 8% interest semiannually on 04-06-2011
1BusinessCASE Profit graph, Cash budget, Income Statement and Performance Report. Blalock Company specializes in making high performance titanium valves for 04-06-2011
1Business"C" Company has fixed costs of $689,698. Selling price per unit is $156 and variable cost per unit is $22. a.) How many units must "C" company04-06-2011
1Business10. During the 07 accounting period the Co. earned $55,000 of sales revenue on account and accrued $32,500 of operating expenses. The co also earned $04-06-2011
1BusinessCabigas Company manufactures two products, Product C and Product D. The company estimated it would incur $167,140 in manufacturing overhead costs duri04-06-2011
1BusinessCaladonia Corp is considering two investments with one-year lives. The more expensive of the two is the better and will produce more savings. Assume 04-06-2011
1BusinessCalculate the accounting break-even point for the following firm: revenues of $ 700,000, $ 100,000 fixed costs, $ 75,000 depreciation, 60% variable co04-06-2011
1BusinessCalculate the accounting break-even point for the following firm: revenues of $ 700,000, $ 100,000 fixed costs, $ 75,000 depreciation, 60% variable co04-06-2011
1BusinessA firm provides the following sales data:   Expected unit Sales .... 5,000   Unit Variable Cost .... $10 Unit Selling Price ........04-06-2011
1BusinessGiven the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables   = 81 days Calculate the cash co04-06-2011
1BusinessCalculate the cost of trade credit   given terms of 3/20 net 60       04-06-2011
1BusinessCalculate the expected return on the portfolio  [E ( R )] of the following assets if you invest 20% in asset 1, 30% in asset 2, and 50% in asset 04-06-2011
0BusinessCalculate the IRR for the following cash flows. Is the project acceptable if the firm’s cost of capital is 12%?       End 04-06-2011
0BusinessCalculate the IRR for the following cash flows. Is the project acceptable if the firm’s cost of capital is 12%?       End 04-06-2011
1BusinessCalculate the IRR for the following cash flows. Is the project acceptable if the firm’s cost of capital is 12%?       End 04-06-2011
1BusinessCalculate the present value of an annuity due of $3,600 at 9% for 16 years.  04-06-2011
1BusinessConsider the following information and then calculate the required rate of return for the Scientific Investment Fund. The funds’ assets are as follo04-06-2011
1BusinessProblem 5 Given the following information: Department Financial  Managerial Facilities      &n04-06-2011
1BusinessCalculate the value duration for a four year $1000 par value U.S. government bond purchased today at a yield to maturity of 15 percent.  The bond04-06-2011
1BusinessCalculate the Weighted Average Cost of Capital for a firm that has the following capital structure.  The common stockholders expect a return of 104-06-2011
1BusinessQuestion MC #9            You have been given the following projections for Cali Corporation for04-06-2011
1Business(1) Bond valuation: Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon04-06-2011
1BusinessUNIT 5 CHAPTER 7 PAGES 239 - 240 PROBLEM   7-1 Bond valuation Callaghan Motors’ bonds have 10 years remaining to maturity. Interest 04-06-2011
1Business(1) Bond valuation: Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon04-06-2011
1BusinessCalvin, Inc., is about to prepare its statement of cash flows for the current year. During the past year, Calvin had the following transactions: &nbs04-06-2011
1BusinessP9-4A Last year (2005) Calway Condos installed a mechanized elevator for its tenants. The owner of the company, Cab Calway, recently returned from an04-06-2011
1BusinessCameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $6 million to buy the machine and $10,00004-06-2011
1BusinessCamisa Company produces single-colored t-shirts. Materials are dyed in large vats. After dying the materials for a given color, the vats must be clean04-06-2011
1BusinessCAMP and market risk premium: Consider the following information for three stocks, Stocks X, Y, and Z. The returns on the three stocks are positively 04-06-2011
1BusinessEX 21-21 Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans.  The fixed costs are $350,000, and the sales mix04-06-2011
1BusinessEnd of Chapter Exercise: 6-3                 Capitalizing versus expensing04-06-2011
1BusinessThe accounts of the Capitan Company are shown below:                 &nb04-06-2011
1BusinessThe make or buy decision. Cardinal company uses a certain part in its manufacturing process that it buys from an outside supplier for $36 per part plu04-06-2011
1BusinessCarlton Corporation manufactures paper shredding equipment. You are requested to "audit" a sampling of computations made by Carlton's internal account04-06-2011
1BusinessA. Carlton issues $1,500,000 of 6%, 20-year bonds on April 1, 2007 at 98.  The bonds are callable at a price of 102.  Interest is payable se04-06-2011
1BusinessE5-3   Caroline company reports the following costs and expenses in May   Factory utilities $8,500 Depreciation on fa04-06-2011
1BusinessCarr Inc. produces small motors that sell for $15 each. Cost data on the motors are provided below: Sales in units per year.........................04-06-2011
1BusinessCarrot Takers, Inc. provided the following results:                 04-06-2011
1BusinessCarslville Company, which began operations in 2008, invests its idle cash in trading securities.  The following transactions are from its short-t04-06-2011
1BusinessComputing Unit Cost Carson Chemical Co. recorded costs for the month of 18,900 for materials, $44,100 for labor, and $26,500 for factory overhead. Th04-06-2011
1BusinessCartwright Brothers' stock is currently selling for $40 a share. The stock is expected to pay a $2 dividend at the end of the year. The stock's divide04-06-2011
1BusinessCASE 3 QUESTIONS EL PASO MEDICAL CENTER Cost Allocation Concepts 1. Is it ”fair” for the Dialysis Center to suffer in profitability, and hen04-06-2011
1BusinessYoshika Landscaping is contemplating purchasing a new ditch-digging machine that promises savings of $5,600 per year for 10 years. The machine costs $04-06-2011
1BusinessCasey Corporation produces a special line of basketball hoops. Casey Corporation produces the hoops in batches. To manufacture a batch of the basketba04-06-2011
1BusinessCash flows are forecasted on a project. It uses internal rate of return rule to accept or reject projects. Should this project be accepted if the re04-06-2011
1BusinessCASH FLOW STATEMENT Balance Sheet December 31   2005              &nb04-06-2011
1BusinessA company produces two joint products (called 101 and 202) in a single operation that uses one raw material called Casko. Four hundred gallons of Cask04-06-2011
1BusinessCastellino Company, operating at full capacity, sold 80000 units at a price of $70.75 per unit during 2008. Its income statement for 2008 is as follow04-06-2011
1BusinessSeveral years ago, Castles in the Sand, Inc. issued bonds at face value at a yield to maturity of 7%.  Now with 8 years left until the maturity o04-06-2011
1BusinessCavert Products Inc. a wholesaler of office products was organized on Jan. 5 of the current year with an authorization of 80,000 shares of 2% non cumu04-06-2011
1BusinessCecilia bought 100 shares on Minnesota Mining and Manufacturing on June 1987 for $38 a share for a total investment of $3800. She sold the shares in J04-06-2011
1BusinessA manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold.......... 360,000 Sales revenue........04-06-2011
1BusinessA cement manufacturer has supplied the following data: Tons of cement produced and sold........................ 680,000 Sales revenue..............04-06-2011
1BusinessCentral Medical Supply , Inc. a manufacturer of medical testing equipment, has $240,000 worth of an obsolete line of testing equipment. The obsolete e04-06-2011
1BusinessVariable and Absorption Costing   Chan Manufacturing Company data for 20X7 follow: Sales: 12,000 units at $17 each Actual production &nb04-06-2011
1BusinessFor the past year, Chandler Company had fixed costs of $40,000; variable costs of $600,000; sales of $750,000.  For the coming year, no changes a04-06-2011
1BusinessEXERCICE 2   The beginning balance sheet of Charter Investment Bankers, Ltd. included the following:   Long-Term investments in Affili04-06-2011
1Business3. (25 points ) You have been given the following information on Cheeze-It Company.  Cheeze-It is a privately held company that makes liquid chee04-06-2011
1BusinessP-13 On January 1, the cheng Corporation purchased 10,000 of 5%, five year bond as along term investment. Interest is paid annually. The company is n04-06-2011
1BusinessCheryl Dillon Company purchases equipment on January 1, Year 1 at a cost of $469,000.  The asset is expected to have a service life of 12 years a04-06-2011
5Maths  1.  What is sampling error?  a. Could the value of the sampling error be zero?   b. If it were zero, what would this mean?04-06-2011
2Maths  1.  What is sampling error?    a. Could the value of the sampling error be zero?   b. If it were zero, what wou04-06-2011
1BusinessDROP PRODUCT LINE    Chicago Paper Outlet (Chicago) expects the following results, without considering any of the changes described below04-06-2011
1BusinessChovanec Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Selling price.......................04-06-2011
1BusinessChristine has just purchased a used Mercedes for $18,995. She plans to make a $2,500 down payment on the new car. What is the amount of her monthly pa04-06-2011
1BusinessChuck McElravy owns Common Grounds Coffee House, near the campus of Manatee College. The business has cash of $2,000 and furniture that cost $8,000. D04-06-2011
1BusinessEOQ Clap off manufacturing uses 1,800 switch assemblies per week and then reorders another 1,800. If the relevant carrying cost per switch assembly i04-06-2011
1BusinessClark Manufacturing Company buys crypton for $.80 a gallon.  At the end of processing in Deptartment 1, crypton splits off into products A,B, and04-06-2011
1BusinessP-1 Clary Jensen Farms purchased power equipment with an expected useful life of four years or 1000 hours of usage. The equipment was purchased on Ja04-06-2011
1BusinessClassify each of the following items as an inflow(I) or an outflow(O) of cash, or as neither (n)          &n05-06-2011
1BusinessThe net income of Reliable Provision company decreased sharply during 2003. Clay Rollins, owner of the store, anticipates the need for a bank loan in 05-06-2011
1BusinessProblem 7-5 Cleanburn Coal Company purchased coal-leasing land that contains 800,000 tons of coal for $21,700,000. Soil tests by geologist cost $35,205-06-2011
1BusinessCo. currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. Co. sells the product for a sales price of $205-06-2011
1BusinessCoach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to w05-06-2011
1BusinessCoach Bourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to wi05-06-2011
1BusinessCocoa Pet Corporation manufactures two models of grooming stations, a standard and a deluxe model. The following activity and cost information has bee05-06-2011
1BusinessUsing ratios to determine account balances We are given the following information for the Coleman Machine tools Corporation   Sales (credit)&n05-06-2011
1BusinessFIN 200 Week 6 17. Collins Office Supplies is considering a more liberal credit policy to increase sales, but expects that 9   Check Point: Cre05-06-2011
1BusinessUncollectable new accounts 9% Collection costs (% of new sales) 7% Production and selling costs 78% Accounts receivable turnover 5 Income taxes 32% Ex05-06-2011
1BusinessCompanies often have to increase their investment costs to obtain real options. Why might this be so, and how could a firm decide if it was worth the 05-06-2011
1Business2. BOND VALUATION - PREMIUM Company ABC has bonds that will mature in 10 years – with a par value of $1,000 – an annual coupon of $90. The market05-06-2011
0Business3. YIELD TO MATURITY-YTM Company XXX has bonds that currently sell for $1,040 – with an 8 year maturity – an annual coupon of $70 and a par value05-06-2011
1Business3. YIELD TO MATURITY-YTM Company XXX has bonds that currently sell for $1,040 – with an 8 year maturity – an annual coupon of $70 and a par value05-06-2011
1Business1. BOND VALUATION - DISCOUNT Company XYZ has bonds that will mature in 10 years – with a par value of $1,000 – an annual coupon of $70. The marke05-06-2011
1BusinessExercise 11-4: Prepare a Flexible Budget   The cost formulas for Emory Company’s manufacturing overhead costs are given below.  These co05-06-2011
1BusinessCompensating Balances?       A. are used by banks as a substitute for charging service fees B. are created by having05-06-2011
1BusinessThe following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct lab05-06-2011
1BusinessDividends per share   CompuLead Inc., a software development firm, has stock outstanding as follows: 40,000 shares of 1% preferred stock of $2505-06-2011
1BusinessBudgeted for 08         Actual for 08Direct material costs        &nbs05-06-2011
1Business (Bond valuation) Compute the fair value of the following bond: The bond has a face value of $1,000 face value, 10 years remaining to maturity, a05-06-2011
1Business XACC 280 E3-3 Conan Industries collected $100,000 from customers in 2008. Of the amount collected, $25,000 was from   XACC 280 E3-3 Week 3 re05-06-2011
1BusinessP7-10 (Comprehensive Receivables Problem) Connecticut Inc. had the following long-term receivable account balances at December 31, 2006. Note receiva05-06-2011
1BusinessConsider a bond with face value of $1,000. the coupon payment is made semi-annually and the yield to maturity on the bond is 12% (effective annual yie05-06-2011
8BusinessKazaam Company, a merchandiser, recently completed its calendar-year 2005 operations. For the year,(1) all sales are credit sales, (2) all credits to 05-06-2011
5Business The following costs result from the production and sale of 4,000 drum sets manufactured by Vince Drum Company for the year ended December 31, 201105-06-2011
1Business1. Consider a call option for the Intel stock with the exercise price of $20. Today is the expiration date. If the stock price is $21.50 today, what i05-06-2011
1BusinessConsider a company’s 15 year, 9% coupon convertible bond with a $1,000 par value and the conversion ratio of 40. Its current price is $950, and its 05-06-2011
1Business(Historic Rate of Return and Risk) Consider an investment in one of two common stocks. Given the information that follows, which investment was better05-06-2011
1BusinessConsider the following date from two business units that are evaluated on ROI: Business Unit         &nb05-06-2011
1Business(Constant growth model) While Dynamic Designs is profitable, it is not paying a dividend on its common stock. Joe Neimer, an analyst for Schwab, belie05-06-2011
1BusinessConway Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor05-06-2011
5Business Problem 13-8A Razz Corporation’s common stock is currently selling on a stock exchange at $170 per share, and its current balance sheet shows 05-06-2011
1BusinessYou are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% annual coupon and a 30 year or05-06-2011
5BusinessSalazar Group,s 2005 and 2006 year- end balance sheet follow.1.How many common shares are outstanding on each cash dividend date?2. What is the total 05-06-2011
1BusinessCooper Office Supplies is considering a more liberal credit policy in order to increase sales.  The following data is available for the company 05-06-2011
1Business25.Of the following would NOT be represented in the financing activities section of the statement of cash flows? A) Purchased a new office building 05-06-2011
15BusinessProblems 18-1A, 18-4A, 18-5A Answer key Financial & Managerial Accounting, Information for Decisions, 4th ed., John J. Wild, Ken W. Shaw and 05-06-2011
0Business05-06-2011
1BusinessCorporation makes two types of dog collars: leather and nylon. In a typical month, they make and sell 1,500 leather collars and 3,000 nylon collars. I05-06-2011
1Business2) Aging accounts receivable:   On September 30, 2007(the end of its fiscal year), the Lufkin corporation reported accounts receivable of $ 33105-06-2011
1BusinessCost Accounting W6-Quiz[1] Quiz 5A- Chapters 11 &16 MULTIPLE CHOICE. ( 10 Points Each ) Select the ONE, BEST Answer. 05-06-2011
1BusinessCost of clay used in production=65000 Wages paid to the workers who paint the figurines=90000 Wages paid to the sales managers secretary=22000 C05-06-2011
1BusinessQuiz 5A- Chapters 11 &16 MULTIPLE CHOICE. ( 10 Points Each ) Select the ONE, BEST Answer. 05-06-2011
1BusinessIncome statement data for Crandall’s Bookstore for the first quarter of the current year is presented below: 05-06-2011
1BusinessCrawshan Company makes four products in a single facility. Data concerning these products appear below: Product A Product B Product C Product D Sel05-06-2011
1BusinessCreswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not ch05-06-2011
5Business Fundamental Accounting Principles 20th ed. Wild Shaw Chiappetta Exercises 13 -8, 13 -9: For exercise 13 -8 CHECK FIGURES: 4 YR.05-06-2011
1BusinessFinance 370 week four assignment06-06-2011
1BusinessCost Accounting W6-Quiz[1]  Quiz 5A- Chapters 11 &16 MULTIPLE CHOICE. ( 10 Points Each ) Select the ONE, BEST  ANSWER.06-06-2011
1BusinessCost of clay used in production=65000 Wages paid to the workers who paint the figurines=90000 Wages paid to the sales managers secretary=22000 C06-06-2011
1BusinessQuiz 5A- Chapters 11 &16 MULTIPLE CHOICE. ( 10 Points Each ) Select the ONE, BEST Answer. 06-06-2011
3BusinessOn November 1, 2011, Leetch Ltd. Borrows $400,000 cash from a bank by signing a five-year installment note bearing 8% interest. The note requires eq06-06-2011
0BusinessIncome statement data for Crandall’s Bookstore for the first quarter of the current year is presented below: 06-06-2011
1BusinessIncome statement data for Crandall’s Bookstore for the first quarter of the current year is presented below: 06-06-2011
1BusinessIncome statement data for Crandall’s Bookstore for the first quarter of the current year is presented below:        06-06-2011
0BusinessCrawshan Company makes four products in a single facility. Data concerning these products appear below:   Product A Product B P06-06-2011
1BusinessCrawshan Company makes four products in a single facility. Data concerning these products appear below:   Product A Product B P06-06-2011
3BusinessExercise 15-2 Prepare journal entries to record the following transactions involving the short-term securities investments of Smart Co., all of which 06-06-2011
1BusinessCreswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not ch06-06-2011
1BusinessDuring its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity. Jan. 5   &nb06-06-2011
1BusinessCross, Inc., collected the following information:                 Cost to 06-06-2011
1BusinessCubie Corporation has provided the following data concerning its only product: Selling price....................... $100 per unit Current sales...06-06-2011
1BusinessSelected accounts from the general ledger of Cullman Candle Company as of December 31, 2004, are shown below. Prepare the necessary closing entries. 06-06-2011
1BusinessCurrent Ratio:  A company has $1,312,500 in current assets and $525,000 in current liabilities.  Its initial inventory level is $375,000, an06-06-2011
1Business7-2 Current yield and yield to maturity A bond has a $1,000 par value, 10 years to maturity, a 7 percent annual coupon, and sells for $985. a. What06-06-2011
1BusinessPR 26-1A Single plantwide factory overhead rate   Custom Car Accessory Company manufactures three chrome-plated products—automobile bumpers,06-06-2011
1BusinessCuther Inc., has 1,000 shared of 8%, $50 par value cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 306-06-2011
4Business Forex Co. Purchases various investments in trading securities at a cost of $56,000 on December 27, 2011. (This is its first and only purchase of s06-06-2011
1BusinessCyclone, Inc. reports the following liabilities (in thousands) on its January 2007, balance sheet and notes to the financial statements.   Acco06-06-2011
1BusinessBelow is budgeted production and sales information for Fleming Company for the month of December:          &nb06-06-2011
1BusinessChange in Accounting Estimate:  One January 3, 2007, Sandy's Fashions purchased a large number of personal computers. The cost of these computers06-06-2011
1Business A1. (Net Income and Net Cash Flows) Julie Stansfield has a bicycle rental shop with annual revenues Corporate Financial Management (3rd 06-06-2011
1.5Business The following standard costs pertain to a component part manufactured by Bor Company: Direct materials    &nbs08-06-2011
3.5Business Boulder View Corporation accounts for uncollectible accounts receivable using the allowance method.   Problem 6-54 Analysis of Allowa08-06-2011
2Business Brown Enterprises’ bonds currently sell for $1,025. They have a 9-year maturity, anannual coupon of $80, and a par value of $1,000. What is th08-06-2011
10Business P 14-10 Residual dividend model  Buena Terra Corporation is reviewing its capital budget for the Buena Terra Corporation is reviewing it08-06-2011
5Business "C" Company has fixed costs of $689,698. Selling price per unit is $156 and variable cost per unit is $22. a.) How many units must "C" compan08-06-2011
3Business Cabigas Company manufactures two products, Product C and Product D. The company estimated it would incur $167,140 in manufacturing overhead cost08-06-2011
2.5Business Caladonia Corp is considering two investments with one-year lives. The more expensive of the two is the better and will produce more savings. A08-06-2011
2Business Calculate the cash conversion cycle and operating cycle  Days inventory = 103 days; Days receivables = 41 days and Days payables  08-06-2011
1.5Business Calculate the cost of trade credit   given terms of 3/20 net 60 08-06-2011
2Business The following transactions and events occurred during the year. Assuming the this company uses the indirect method to report cash provided by ope08-06-2011
2Business The following transactions and events occured during the year. Assuming that this company uses the direct method to report cash provided by opera08-06-2011
3BusinessEX 17-3 & 17-508-06-2011
3BusinessEX 17-3 & 17-508-06-2011
2BusinessDiscuss how Starbucks downsizing in the USA impacts their global growth strategy.09-06-2011
3.5BusinessUsing information from 2 locations, Berkeley, California and Terre Haute, Indiana, a comparison of the water balance will be completed between the 2 s09-06-2011
2.5Businesscreate a full-sentence outline on legalization of marijuana?09-06-2011
2BusinessA company that produces specialized video equipment had cost of goods sold last yearof $127,000,000. The average value of inventory for raw materials,09-06-2011
3BusinessYou've been hired as a managing consultant by an unprofitable firm to determine whether it should shut down its operation. The firm currently uses 70 09-06-2011
2.5Business What is the beta of a stock whose covariance with the market portfolio return is 0.0045 if the variance of the return on the market portfolio is 09-06-2011
15BusinessSpecialty Toys, Inc. Sells a variety of new and innovative children’s and believes that the preholiday season is the best time to introduce a new to09-06-2011
5Business AE13-7 Willingham Corporation's comparative balance sheets are presented below. WILLINGHAM CORPORATION Comparative Balance Sheets Decem09-06-2011
5Business Willingham Corporation's comparative balance sheets are presented below.  AE13-7 Willingham Corporation's comparative balance sheets are pre09-06-2011
4.5BusinessAnalize the Greece´s economic default. explain it with some mathematical model   09-06-2011
1.5Business If $25,000 is needed in 4 years, what amount needs to be invested today if the investment earns 12% compounded annually_____________and 12% comp09-06-2011
4BusinessProblem 17-5A Summary information from the finantial statements of two companies competing in the same industry follows. Data from the current11-06-2011
2Businessex 18-4A manufacturer, incurs the following costs. (1) classify each cost as either a product or a period cost. If a product cost, identify it as a pr11-06-2011
2BusinessListed here are product costs for the production of soccer balls. (1) classify each cost (a) as either fixed or variable and (b) as either direct or i11-06-2011
2BusinessListed here are the total costs associated with the 2011 production of 1,000 drum sets manufatured by NetBeat. The drum sets sell for $300 each[see at11-06-2011
2BusinessOn december 31, 2011, Rollo company held the following short term investments in its portfolio of avaliable-for-sale securities. Rollo had no short-te11-06-2011
3Business1. Prepare journal entries to record these transactions and events for Pillar.2. Compute the carrying (book) value per share of Pillar's investment in11-06-2011
10Business BG 615 Exercises on Accounting Fundamentals Fall, 2008   1.      Refer to the Excel spreadsheet, containing a13-06-2011
3Business BHS Inc. determines that sales will rise from $300,000 to $500,000 next year. Spontaneous assets are 70% of sales and spontaneous liabilities ar13-06-2011
6Business The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent military operation. Work13-06-2011
5Business Using the following information, complete the income statement for Big Corporation: Sales $__ Cost of Good Sold $ 8,000,000 Gross 13-06-2011
3.5Business Biggs Industries is considering two alternative ways to depreciate a proposed investment. The investment has an initial cost of $100,000 and13-06-2011
0Business During the summer, Bill Jones decided to earn money as a lawn service professional. He solicited business in the area and received enough intere13-06-2011
10Business During the summer, Bill Jones decided to earn money as a lawn service professional. He solicited business in the area and received enough intere13-06-2011
2Business Binder Inc's stock has a required rate of return of 10%, and it sells for $40 per share. Binder dividend is expected to grow at a constant rate 13-06-2011
3Business Binegar Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermi13-06-2011
3.5Business BE9-8  Bitteman, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $5,000 from sales $200,0013-06-2011
6Business Common Costs and the Death Spiral Blaine Avenue Company manufactures three products. Gross margin computations for these three products for 200613-06-2011
20Business CASE Profit graph, Cash budget, Income Statement and Performance Report. Blalock Company specializes in making high performance titanium v13-06-2011
5Business XACC 280 Exercise 15-1 (E15-1) XACC 280 Financial information for Blevins Inc. is presented below XACC 280 Axia College of University of Phoenix13-06-2011
6Business BloomFree is an organic floral shop. After its first quarter of operations, the company's accountant prepared the following adjusted13-06-2011
3Business Prepare a journal entry for each of the following- a.) blue corporation sells 12,000 shares of $10 par commons stock for $13 per share b.) bl13-06-2011
6Business Problem 13-16 Blueline tours, Inc., operates tours throughout the United States. A study has indicated that some of the tours are not profitable13-06-2011
6Business Bobblehead Corporation produces and sells basketball jerseys. On July 1, 2008, Bobblehead Corp. issued $16,000,000 of seven-year, 13% bonds at a13-06-2011
3Business Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year (i.e Do = $1.50). The dividend is expected to grow at a 13-06-2011
3Business Bond Valuation - A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bon's coupon rate is 7.4%. What 13-06-2011
1.5Business 5. Bond valuation. Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annually; they have a $1,000 per value; the c13-06-2011
3Business Bond Yields. Other things equal, will the following provisions increase or decrease the yield to maturity at which a firm can issue a bond? a.13-06-2011
3Business Bonds have 10 years remaining to maturity. Interest s paid annually; they have a $1,000 par value; the coupon interest rate is 8% and yield to m13-06-2011
3Business The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system appear below:   13-06-2011
1.5Business The following standard costs pertain to a component part manufactured by Bor Company:          &n13-06-2011
5Business P 6-2A. The management of Borealis Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outsi13-06-2011
6Business BOSE Stereo Shops has asked you to compare the company’s profit performance and financial position with the average for the stereo industry. T13-06-2011
5Business Problem 6-54  Analysis of Allowance for Bad Debts   Boulder View Corporation accounts for uncollectible accounts receivable u13-06-2011
2.5Business From the following items in the Income Statement columns of the work sheet of Bower Company at December 31, 20XX, prepare the closing entries wi13-06-2011
6Business Dividends: Bowles Sporting Inc. is prepared to report the following income statement (shown in thousands of dollars) for the year 2006 Sales13-06-2011
3Business Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operation follow: ·    13-06-2011
5Business 2. The following data are from a comparison of the balance sheets of Brassie Company as of December 31, 2004, and December 31, 2003: 13-06-2011
8Business Problem 6 – 2A: Determine cost of goods sold and ending inventory using FIFO, LIFO, and average cost with analysis. Breathless Distributio13-06-2011
3Business Brentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities  of $1900 and long term debt of $513-06-2011
3Business In 2011, CPS Company changed its method of valuing inventory from the FIFO E 9-23 Change in inventory costing methods. In 2011, CPS Company 14-06-2011
3Business In 2011, CPS Company changed its method of valuing inventory from the FIFO E 9-23 Change in inventory costing methods. In 2011, CPS Company 14-06-2011
3Business E 9-24 Change in inventory costing methods. Goddard Company has used the FIFO method of inventory valuation since it began operations in &nbs14-06-2011
6Business p. 486 E 9-25 Error correction; inventory error   ANSWER KEY  E 9-25 Error correction; inventory error   E 9-25 Duri14-06-2011
3Business For each of the following inventory errors occurring in 2011, determine the effect of the error on E 9-26 Inventory errors. For each of the 14-06-2011
5Business E 9-27 Inventory error. In 2011, the internal auditors of Development Technologies, Inc. discovered that a $4 million   ANSWER KEY E 14-06-2011
5Business Listed below are several terms and phrases associated with inventory measurement. Pair each item E 9-29 Concepts; terminology. Listed below 14-06-2011
3Business On October 6, 2011, the Elgin Corporation signed a purchase commitment to purchase inventory for $60,000  E 9-30 Purchase commitments. On Oc14-06-2011
3Business In March 2011, the Phillips Tool Company signed two purchase  E 9-31 Purchase commitments. In March 2011, the Phillips Tool Company signed t14-06-2011
5Business Almaden Hardware Store sells two distinct types of products, tools  P 9-2 Lower of cost or market. Almaden Hardware Store sells two distinct14-06-2011
5Business Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On P 9-3 Gross profit method. Smith Distributor14-06-2011
6Business Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods P 9-4 Retail inventory method; various cost 14-06-2011
6Business Alquist Company uses the retail method to estimate its ending inventory. P 9-5 Retail inventory method; conventional and LIFO. Alquist Compa14-06-2011
5Business Grand Department Store, Inc., uses the retail inventory  P 9-6 Retail inventory method; conventional. Grand Department Store, Inc., uses the14-06-2011
1Business The left column lists the titles of documents and accounts used in job order cost accounting. The right column presents short descriptions of the 14-06-2011
1Business The following refers to units processed in Heath Printing's binding department in June. Compute the total equivalent units of production with14-06-2011
1Business The following refers to units processed in Heath Printing's binding department in June. Compute the total equivalent units of production with14-06-2011
2Business Won Han Co. Has four departments: materials, personnel, manufacturing, and packaging. In a recent month, the four departments incurred three share14-06-2011
2Business Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual f14-06-2011
5Business Jetson Co. Sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a plannin14-06-2011
3Business Formworks Company prepares monthly budgets. The current budget plans for a september ending inventory of 15,000 units. Company policy is to end14-06-2011
5Business[check attachment]14-06-2011
3Business Exercise 24-1 – Fundamental Accounting Principles 20th edition. Wild, Shaw, Chiappetta. Mesa Company's fixed budget for the first qua14-06-2011
2Business After evaluating Zero Company's manufacturing process, management decides to establish standards of 1.5 hours of direct labor per unit of product 14-06-2011
3Business Tuna Company set the following standard unit costs for its single product. Direct materials (25lbs. @ $4 per lb.) 14-06-2011
3Business Pebco Company's 2011 master budget included the following fixed budget report. It is based on an expected production and sales volume of 20,0014-06-2011
3Business A company must decide between scrapping or reworking units that do not pass inspection. The comany has 15,000 defective units that cost $6 per14-06-2011
1BusinessD. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5%. If the curr20-06-2011
2BusinessD. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5%. If the curr20-06-2011
1BusinessDaniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on 20-06-2011
2BusinessDaniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on 20-06-2011
2Business46. For Danks Company, sales is $500,000, variable expenses are $310,000, and fixed expenses are $140,000. Danks' contribution margin ratio is (Points20-06-2011
2BusinessD.  Describe the role of the Financial Accounting Standards Board20-06-2011
2BusinessDescribe the two major obligations incurred by a company when bonds are issue?20-06-2011
2Business(Dividend discount model) Greta’s Coffee Roaster has experienced recent growth, which is expected to continue at a 5% rate per year forever. Next ye20-06-2011
2BusinessDuggen Inc. issues 5000 shares of $100 par value preferred stock for cash at $108 per share. Journalize the issuance of the preferred stock20-06-2011
2BusinessLast year, Dulce Company recorded sales of $450,000 and average productive assets of $120,000.  What was Dulce's margin if its ROI was 15%?20-06-2011
2Business Last year, Dulce Company recorded sales of $450,000 and average productive assets of $120,000.  What was Dulce's margin if its ROI was 15%? &n20-06-2011
2BusinessDuring 2005, Kerry Company reported net income of $145,000, including a gain on the sale of equipment of $5,000. The equipment had a cost of $23,000, 20-06-2011
2BusinessDuring a recent fiscal year, xyz Company reported pre-tax income of $125,000, a contribution margin ratio of 25% and total contribution margin of $40020-06-2011
2BusinessDuring periods of inflation which method would yield the largest ending inventory and cost of goods sold?        20-06-2011
2BusinessE1-5 Meredith Cleaners has the following balance sheet items. Accounts payable            &nbs20-06-2011
2BusinessDuring 20xl, Edco produced, among other products, 10,000 calculators, incurring the following unit costs: $5.00 in direct-materials, $3.00 in direct l20-06-2011
2BusinessEILEEN HOGARTY DEPOSITS $5,630 IN CITY BANK, WHICH PAYS 12% INTEREST, COMPOUNDED QUARTERLY. HOW MUCH MONEY WILL SHE HAVE IN HER ACCOUNT AT THE END OF 20-06-2011
2Business2) Equipment that cost $300,000 and had a book value of $156,000 was sold for $180,000. Data from the comparative balance sheets are:   20-06-2011
2BusinessEquity Return and Leverage. The common stock and debt of Northern Sludge are valued at $70 million and $30 million, respectively. Investors currently 20-06-2011
2BusinessEX 16-20 The cost of merchandise sold for Kohl’s Corporation for a recent year was $9,891 million.   ACCOUNTING by Warren, Reeve and Duchac 20-06-2011
2BusinessDiscuss how the Sarbanes-Oxley Act has increased the importance of internal control to all employees in a company.  20-06-2011
1Business(Calculating the WACC) The required return on debt is 8%, the required return on equity is 14%, and the marginal tax rate is 40%.  If the firm is20-06-2011
3BusinessVARIABLE COSTING (CONTRIBUTION MARGIN) INCOME STATEMENT    Dallas Gourmet Grocery (Dallas) expects to have the following financial accoun21-06-2011
3BusinessThe following trial balance is prepared from the general ledger of Daniel’s Hal’s Auto Repair.   Because the trial balance did not balanc21-06-2011
3BusinessDavid Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company’s outstanding bonds is 9%, and th21-06-2011
3BusinessOn January 1, 2008, Demski Corp issued $300,000 of 10 year, 5% bonds at their face amount.  Interest is payable on Dec 31 of each year with the f21-06-2011
3BusinessDetermine the present worth of the cash flow: at 10%.  Include at least one radient.     (Nothing for years 0-3) Year  &n21-06-2011
3BusinessB.  Differentiate between accrual and cash basis accounting.21-06-2011
3Business2. Digitex, Inc had sales of 6,000 units in March. A 50 percent increase is expected in April. The company will maintain 5 percent of expected units s21-06-2011
3Business                  For each of the following items, indicate by using 21-06-2011
3BusinessDiscuss which method (FIFO or LIFO) would be preferred for income tax purposes in periods of rising prices and declining prices.21-06-2011
3BusinessDisney’s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to incr21-06-2011
3BusinessDisney’s variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to incr21-06-2011
3Business(2)    The trial balance before adjustment of Don Quixote, Inc shows the following balances: Accounts Receivable has a debit balance of21-06-2011
3BusinessData concerning Dorazio Corporation's single product appear below:              &nb21-06-2011
3BusinessExercise 9-1: Production Budget   Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months 21-06-2011
3BusinessChapter 7:  Exercise 7-6 Recording Sales Transactions On June 24, 2006, Doxey Company sold merchandise to Nathan Ray for $40,000 with terms 2/121-06-2011
3BusinessThe July contribution format income statement of Doxtater Corporation appears below: Sales.............................................. 21-06-2011
3Business1-Shareholder Control   DQ 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals  to maintain t21-06-2011
3BusinessThe end of the period account balances after adjustments of Dryer Cleaners and Laundry are as follows:         &n21-06-2011
3BusinessDupont Analysis: A company has a ROA of 10%, a 2% profit margin, and a ROE of 15%.What is its total assets turnover? Q.What is its equity multiplier?21-06-2011
3BusinessDuster, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. Cost of go21-06-2011
0BusinessDuster, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. Cost of go21-06-2011
3BusinessDuster, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. Cost of go21-06-2011
3BusinessE 7-6 wk 5 On June 24, 2006, Doxey Company sold merchandise to Nathan Ray for $40,000 with terms 2/10, n/30. On June 30, Ray paid $12,000 on his accou21-06-2011
1Business A7. (Finding NPVs with differing project risks) Assume the expected return on the market portfolio is 15% and the riskless return is 9%. Also assum21-06-2011
1Business A7. (Finding NPVs with differing project risks) Assume the expected return on the market portfolio is 15% and the riskless return is 9%. Also assum21-06-2011
0Business A7. (Finding NPVs with differing project risks) Assume the expected return on the market portfolio is 15% and the riskless return is 9%. Also21-06-2011
1BusinessAxia College of University of Phoenix (UoP) XACC 281 Individual Assignment   E 10-2 Trudy Company incurred the following costs. 1. Sal22-06-2011
1Business E.D. Manufacturing, Inc. produces and sells ice skates. The current net operating income is $40,000, with a degree of operating leverage of 3. I22-06-2011
1Business E1-1 Urlacher Company performs the following accounting tasks during the year. ________        Analyzin22-06-2011
1Business Exercise 2-11 During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005,22-06-2011
1Business For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities 22-06-2011
1Business Estimating Bad Debt The trial balance of Stardust Company at the end of 2006 fiscal year included the following account balances:  &nb22-06-2011
3Business Assume that General Motors Corporation’ comparative balance sheet reported these amounts.   In millions 22-06-2011
3BusinessExercise 11-8 Wells Fargo & Company headquartered in San Francisco is one of the nations largest financial institutions. It reported the followi22-06-2011
1BusinessHrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an effective-interest rate of 10% on t22-06-2011
1BusinessEagle Golf Company prepaid 3 years rent ($6000) on Jan 1. At December 31 Eagle prepared a trial balance and then made the necessary adjusting entry 22-06-2011
3Business Ed and Frank from a partnership by combining the assets of their separate businesses. Ed contributes accounts receivable with a face amount of $22-06-2011
3Business During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, Edgemont had22-06-2011
3BusinessDuring 2009, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2008, Edgemont had ass22-06-2011
3Business Elite Pro Nails, a manicure company, has just completed its first year of operations on December 31, 2008. Its general ledger account balances b22-06-2011
3Business Prepare a Flexible Budget The cost formulas for Emory Company’s manufacturing overhead costs are given below.  These cost formulas cov22-06-2011
3Business Ensley Corporation has provided the following data concerning its only product: Selling price....................... $200 per unit Curre22-06-2011
3BusinessEnsley Corporation has provided the following data concerning its only product: Selling price....................... $200 per unit Current sales..22-06-2011
3BusinessEquipment that cost $80,000 and has accumulated depreciation of $63,000 is exchanged for similar equipment with a fair value of $35,000 and $15,000 ca22-06-2011
3BusinessProblem 5. Essex Biochemical Co has a $1000 par value bond outstanding that pays 10% annual interest. The current yield to maturity on such bonds in22-06-2011
3BusinessEstimate the rate of yield to maturity for a $3000, 10% bond quoted at 101 seven years before maturity.  22-06-2011
3BusinessEvergreen Fertilizer Company produces Fertilizer. The Company's fixed monthly cost is $25,000, and its variable cost per pound of fertilizer is $0.15.22-06-2011
3BusinessEX 13-2 Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20.   ANSWER KEY Exercise 13-2   EX 13-222-06-2011
3BusinessEX 13-3 Prepare journal entries to record the following four separate issuances of stock   ANSWER KEY Exercise 13-3   EX 13-3 Chapter 1322-06-2011
3BusinessEX 13-4 Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of the characterist22-06-2011
3BusinessEX 13-12 Fast Tek put an asset costing $225,000 into service on January 1, 2004.   ANSWER KEY Exercise 13-12   EX 13-12 Accounting for C22-06-2011
3BusinessEX 13-13 Nexus Company reports $1,350,000 of net income for 2005 and declares $195,000 of cash dividends on its preferred stock for 2005   ANSW22-06-2011
3BusinessEx. 16-124—Weighted average shares outstanding. Quiz Chapter 16 On January 1, 2007, Yarrow Corporation had 1,000,000 shares of common stock outsta22-06-2011
1Business Exercise 13-1 Describe how each of the following characteristics of organizations applies to corporations. 1. Owner authority and control  &22-06-2011
3Business Exercise 2-4 (E2-4) Assumptions, Principles, and Constraints. Presented below are the assumptions, principles, and constraints used in this chap22-06-2011
1BusinessRelevant costs: dropping a product Merchant Company manufacturers and sells three models of electronic printers. Ken Gail, president of the company,22-06-2011
1Business Exercise 13-15 The equity section of Anna Corporation’s balance sheet shows the following:   Preferred stock—6% cumulative, $25 p22-06-2011
1BusinessB2. (Cost of equity) The cost of capital is 15%, the before-tax cost of debt is 9%, and the marginal income tax rate is 40%. The market value of debt 22-06-2011
3BusinessKase Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $190,000 and would y22-06-2011
4Business Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and factory payroll cost in April22-06-2011
1BusinessB6. (Finding The WACC) The information given here has been gathered about O'ryan Swim-Where, Ltd. Based on this information, estimate O'ryan's WACC. 22-06-2011
1.5Business Chicago Co. is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual22-06-2011
3BusinessSeattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues will be $70,000 and annual expenses (includi22-06-2011
2BusinessC2. (Estimating the WACC using a surrogate firm) Dyl Pickle is a new firm in the condiment business. Dyl has $25 million in debt and its equity is wo22-06-2011
4Business Elizabeth McClary recently began a small snowboard company called Pure Powder. She and her staff have assembled cost information regarding the s22-06-2011
2BusinessA2. (Mutually exclusive projects) Consider the cash flows given below for the mutually exclusive projects, S and L. a. If the cost of capital is 10%22-06-2011
2Business(NPV and IRR) A project is expected to generate cash flows of $14,000 annually for five years plus an additional $27,000 in year 6. The cost of capit22-06-2011
2BusinessB5. (Investment criteria) Pierre Bouvier is evaluating four projects. The cash flows for the four projects are given here. a. Pierre thinks you can 22-06-2011
2BusinessB10. (Investment criteria) Suppose Reebok has a possible capital budgeting project with a cost of capital of 10%, and the expected cash flows shown h22-06-2011
2BusinessC1. (Investment criteria) Nassau Manufacturing Company is considering two capital budgeting projects with a cost of capital of 15% and the expected c22-06-2011
2BusinessA1. (Net income and net cash flows) Julie Stansfield has a bicycle rental shop with annual revenues of $200,000. Cash operating expenses for rent, la22-06-2011
2Business A2. (MACRS depreciation) Modigliani Jet Ski Company has purchased several firm cars for a total of $150,000. They are classed as five-year property22-06-2011
2Business A4. (Net investment outlay) The cost of a new machine is $70,000 plus an additional $8,000 for freight and setup costs. The old machine that is bei22-06-2011
2Business A5. (Cash flows after tax) Revenues increase by $400,000, cash operating expenses increase by $180,000, and depreciation increases by $45,000. The 22-06-2011
2Business B2. (Incremental cash flows and NPV) The Canton Sundae Corporation is considering the replacement of an existing machine. The new machine, called a22-06-2011
4BusinessB6. (Cash flows and NPV for a replacement decision) Andrew Thompson Interests (ATI) is using a mechanical switching system that it bought five years 22-06-2011
3Business C3. (Incremental cash flows and NPV) Ivan’s Onion-Brick Restaurant has been very successful for 10 years. However, the growth potential in Ivan22-06-2011
0Business P9-2A Compute bad debts Information related to DeKalb Company for 2006 is summarized below. Total credit sales $1,640,000 24-06-2011
3Business P9-2A Compute bad debts Information related to DeKalb Company for 2006 is summarized below. Total credit sales $1,640,000 24-06-2011
4BusinessAccounts and Notes Payable.   Described below are certain transactions of Carson Company for 2007:   1. on May 10, the company purchased24-06-2011
4Business Given the following data develop weekly cash budget Minimum cash required is $50 and the beginning cash balance is $100.     &24-06-2011
4Business6. Dexter, Inc., is planning to introduce a new product line. Current plans call for the production and sale of 1,000 units, with estimated producti24-06-2011
4BusinessDexter, Inc., is planning to introduce a new product line. Current plans call for the production and sale of 1,000 units, with estimated production co24-06-2011
4BusinessDue to rapid employee turnover in the accounting department, the following transaction involving intangible assets were improperly recorded by Dische 24-06-2011
4BusinessDodero Company produces a single product which sells for $100 per unit. Fixed expenses total $12,000 per month, and variable expenses are $60 per unit24-06-2011
0BusinessThe trial balance before adjustment of Don Quixote, Inc shows the following balances: Accounts  Receivable has a debit balance of $90,000, Allow24-06-2011
4BusinessThe trial balance before adjustment of Don Quixote, Inc shows the following balances: Accounts  Receivable has a debit balance of $90,000, Allow24-06-2011
4Business2.        . The real risk-free rate of interest, r*, is 2.7 percent and is assumed to be constant. The maturity ris24-06-2011
4Business 1) During 2008, equipment was sold for $156,000. The equipment cost $252,000 and had a book value of $144,000. Accumulated Depreciation—E24-06-2011
4Business Accumulated depreciation on the asset sold:Cost of equipment  252,000Less book value  144,000Accumulated depreciation 124-06-2011
4BusinessE2-4B (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter.   1. Ec24-06-2011
4BusinessE 2-6 From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.   Accounts payable 24-06-2011
4BusinessE2-8 Beckstrom Corporation Exercise 2-8 The following selected information is taken from the records of Beckstrom Corporation. Accounts pa24-06-2011
4BusinessCh. 9:   Exercise E9-3 E9-3 The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, 24-06-2011
4BusinessACC 281 The ledger of Hixson Company at the end of the current year shows accounts receivable 120,000,   ACC 281 E9-3 Journalize entries to rec24-06-2011
4BusinessE9-8B (Gross profit method) McGriff requires an estimate of the cost of goods lost by fire on March 9.   E9-8B (Gross profit method) McGriff re24-06-2011
4BusinessACC 280 E10-7 Brainiac Company purchased a delivery truck for $30,000 on January 1, 2008.The XACC 280 E10-7 Brainiac Company purchased a delivery truc24-06-2011
4BusinessACC 280 E10-9 Presented below are selected transactions at Ingles Company for 2008. Jan. 1 Retired   XACC 280 E10-9 Presented below are selected24-06-2011
4BusinessEastern Telecom is trying to decide whether to increase its cash dividend immediately or use the funds to increase its future growth rate. It will use24-06-2011
4Business2. At the end of the first year, the trial balance of Easton Company shows Equipment $30000 and zero balances in Accumulated Depreciation-Equipment an24-06-2011
4BusinessContribution Margin and Breakeven point Elizabeth Mc Clary recently began a small snowboard company called Pure Powder.  She and her staff have a24-06-2011
4BusinessAcc255 week 5 Problem 6-7BB Ernst Equipment Co. wants to prepare interim financial statements for the first quarter   Fundamental Accounting Pr24-06-2011
4BusinessAcc255 week 5 Problem 6-7BB Ernst Equipment Co. wants to prepare interim financial statements for the first quarter   Fundamental Accounting Pr25-06-2011
4Business1.Estimate the rate of yield to maturity for a $3000, 10% bond quoted at 101 seven years before maturity.     2. 5...If Mark sells cl25-06-2011
4BusinessEX 13-5 Citicool’s outstanding stock consists of (a) 40,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 100,000 shares25-06-2011
5BusinessDetermine the missing data. Calculate the EVA for the following data. Assume the cost of capital is 12 percent (0.12), capital invested is 1810, and25-06-2011
5BusinessDiaz Camera Company is considering two investments, both of which cost $10,000. The cash flows are as follows:   Year    &n25-06-2011
5BusinessDuo Company manufactures two products, Uno and Dos. Contribution margin data follow.   Uno         &nbs25-06-2011
5Business(Recognition of profit on long-term contracts) During 2007 Pierson Company started a construction job with a contract price of $i,500,000. the job wa25-06-2011
5BusinessE 4-1WK 5 On December 31, 2006, Matt Morgan completed the first year of operations for his new computer retail store. The following data were obtained25-06-2011
5BusinessExercise 2-9 The Kellogg Company manufacturers cold cereal products, such as Frosted Flakes and Special K   Finance Accounting - Exercise 2-9 25-06-2011
5BusinessACC 281 E10-13 Herzogg Company, organized in 2008, has the following transactions related to intangible Financial Accounting Transaction Analysis: We25-06-2011
5BusinessEdwards Sporting Goods began operations February 1, 2001. Edwards sells footballs to high schools and colleges throughout the country. The company use25-06-2011
5Business8 Equity Banking. Look Back at Table 13-2  a. suppose that Heinz issues 10 million shares at $40 a share. Rework Table 13-2 to show the company25-06-2011
5BusinessEX 13-8 The stockholders’ equity of Whiz.com at the beginning of the day on February 5 follows   EX 13-8 Whiz.com   EX 13-8 Chapter 1325-06-2011
5BusinessEX 13-9 On October 10, the stockholders’ equity of Noble Systems appears as follows:   ANSWER KEY Exercise 13-9   EX 13-9 Noble System25-06-2011
5BusinessProblem 11-2   Explain what effect the following instructions would have on cash and how they would be shown in a cash flow statement. &n25-06-2011
5BusinessEstimating a cost function, high-low method. Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in N25-06-2011
5Business2. (25 points) Diamond Shamrock is a company that has operations in the Chemicals and Oils industries.  Exhibits 1 through 2 (attached to the end25-06-2011
5Business2. (25 points) Diamond Shamrock is a company that has operations in the Chemicals and Oils industries.  Exhibits 1 through 2 (attached to the end25-06-2011
5Business P3-4 Adjusting Entries  The following 2007 information is available concerning the Drake Company, which adjusts and closes its account25-06-2011
5BusinessDramatic Decor Co. manufactures decorative iron ornaments. In preparing for next year’s operations, management has developed the following estimates25-06-2011
5BusinessExercise 2-9 From the following selected data, compute: Net cash flow provided (used) by operating activities. Net cash flow provided (used) by 25-06-2011
1BusinessPractice Exercise 2-14 Use the expanded accounting equation to compute the missing quantity. Assets Liabilities Capital Stock Retained Earnings25-06-2011
6Business This question has two parts, (a) and (b). (a) Do you think it is necessary for bond prices to fluctuate in response to changing interest rate25-06-2011
6Business Davis Company began operations on January 1, 2006, adopting the conventional retail inventory system. None of its merchandise was marked down in25-06-2011
6Business Problem 2.9 Revenue Maximization Desktop Publishing Software, Inc., develops and markets software packages for business computers.  25-06-2011
6BusinessDetermine the loan payment and amortize the loan for borrowing $7,000 for one year at 6% using Excel.Monthly Payments = 602.47 PV = 7,000Rate = 6%PMT 25-06-2011
6Business Exercise 3-7: Determining assets and expenses for accrual and cash accounting C2 On March 1, 2003, a company paid a $16,200 premium on a 36-mont25-06-2011
6BusinessDewey Cheetum & Howe, makes heart valves for poor little sick children (God bless DC&H). The company is planning to replace the old machine wi25-06-2011
6BusinessDieyard Battery Recyclers is considering a project with the following cash flows: Initial outlay = $13,000 Cash flows: Year 1 = $5,000 Year 2 = $3,00025-06-2011
6BusinessE8-12:Assume Dollar General Stores, Incorp, is authorized to issue 500,000 of 7%, 10 year bonds payable.  On December 31, 20X6, when the market i25-06-2011
6BusinessE 13-25 Cash flows from operations (Direct Method)   E 13-25 Neil brown is the proprietor of a small company. The results of operations for las25-06-2011
6BusinessE15-8 Purchase, Discount Amortization, and sale of Bond Investment On November 1, 2009, the Reid Corporation acquired bonds with a face value of $700,25-06-2011
6BusinessEdsel Research Labs has $24 million in Assets.  At present, half of these assets are financed with long-term debt at a cost of 8%, and the other 25-06-2011
6BusinessJournal entries for an enterprise fund fiscal year ended June 30, 2008   1. The general fund made a permanent contribution of $2 million for wo25-06-2011
6Business E15-8 Purchase, Discount Amortization, and sale of Bond Investment On November 1, 2009, the Reid Corporation acquired bonds with a face value of25-06-2011
6Business E16-2 (Conversion of Bonds) Aubrey Inc, Issued $4,000,000 of 10%, 10 yeaar convertible bonds on June, 1, 2007, at 98plus accrued interest. The b25-06-2011
6Business Eddings Company has a beginning inventory of 400 units of product XNAa at a cost of $8.00 per unit. During the year purchased were: Feb.20.25-06-2011
6Business Edsel Research Labs has $24 million in Assets.  At present, half of these assets are financed with long-term debt at a cost of 8%, and the 25-06-2011
6Business Journal entries for an enterprise fund fiscal year ended June 30, 2008   1. The general fund made a permanent contribution of $2 mill25-06-2011
6Business EX 13-5 Ex 13-6 Citicool’s outstanding stock consists of (a) 40,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 25-06-2011
6Business EX 13-7 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock dividend or split   ANSWER25-06-2011
6Business EX 13-10, EX 13-11 In 2005, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of th25-06-2011
6Business Exercise 7-15 Direct Materials and Direct Labor Budgets   Exercise 7-15 Priston Company   The production department of P25-06-2011
6BusinessDepreciation Computation - Five Methods- Jon Seceda Furnace Corp, purchased                &nbs25-06-2011
6Business E9-12B (Retail Inventory Method—Conventional and LIFO) Davis Company began operations on January 1, 2006, adopting the conventional retail inv25-06-2011
6Business E 13-7 On June 30, 2005, Scizzory Corporation’s common stock is priced at $31 per share before any stock dividend or split, and the stockholde25-06-2011
4Business EX 13-15 The equity section of Anna Corporation’s balance sheet shows the following: Preferred stock—6% cumulative, $25 par value, $30 ca25-06-2011
4Business EX 13-14 C4 Company reports $480,000 of net income for 2005 and declares $65,000 of cash dividends on its preferred stock for 2005. At the begin25-06-2011
4Business EX 16-16 Selected data derived from the income statement and balance sheet of Jones Soda Co. for a recent year are as follows: Income statement 25-06-2011
4Business Expected return: A stock’s returns have the following distribution:   Demand for the         25-06-2011
5Business (Lessee Calculations and Entries; Capital Lease with Guaranteed Residual Value) Delaney Corporation leases an automobile with a fair value of $825-06-2011
5Business Demarco Company uses a single rate to charge its three producing departments (molding, grinding, and assembly) for the use of machine maintenanc25-06-2011
5Business E6-5  In 2005, Demuth company had a break-even point of $320,000 based on selling price of $8 per unit and fixed costs of $140,000. In 200625-06-2011
5Business During 2007 Pierson Company started a construction job with a contract price of $i,500,000. the job was completed in 2009, the following informa25-06-2011
5Business Reporting Income: Cash versus Accrual Accounting On December 31, 2006, Matt Morgan completed the first year of operations for his new com25-06-2011
5Business E2-4B Assumptions, Principles, and Constraints Presented below are the assumptions, principles, and constraints used in this chapter. 1. Eco25-06-2011
5Business E16-2 (Conversion of Bonds) Aubrey Inc, Issued $4,000,000 of 10%, 10 yeaar convertible bonds on June, 1, 2007, at 98plus accrued interest. The b25-06-2011
5Business E18-4B (Recognition of Profit on Long-Term Contracts) During 2007 AFCO started a construction job with a contract price of $2,500,000. The job w25-06-2011
5Business Eaton Tool Company has fixed costs of $200,000, sells its units for $56, and has variable costs of $31 per unit.  a. Compute the break-ev25-06-2011
5Business Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity. The firm does not curr25-06-2011
5Business The following items were selected from among the transactions completed by emerald bay stores co. during the current year.   Jan 15. 25-06-2011
5Business 8 Equity Banking. Look Back at Table 13-2  a. suppose that Heinz issues 10 million shares at $40 a share. Rework Table 13-2 to show t25-06-2011
5Business EX 13-8 The stockholders’ equity of Whiz.com at the beginning of the day on February 5 follows   Common stock—$25 par value, 150,25-06-2011
5Business EX 13-9 On October 10, the stockholders’ equity of Noble Systems appears as follows:   Common stock—$10 par value, 36,000 shares 25-06-2011
5Business EX 17-10 Xavier Stores Company and Lestrade Stores, Inc., are large retail department stores. Both companies offer credit to their customers thr25-06-2011
5Business EX 25-11 Seattle Roast Coffee Company produces Columbian coffee in batches of 8,000 pounds. The standard quantity of materials required in the 25-06-2011
5Business Expected returns Stocks X and Y have the following probability distributions of expected future returns:       &25-06-2011
5Business 30.          a. Explain the impact on the offering yield of adding a call feature to a proposed bond issu25-06-2011
5Business 2. (25 points) Diamond Shamrock is a company that has operations in the Chemicals and Oils industries.  Exhibits 1 through 2 (attached to th25-06-2011
2Business B7. (Cost of capital estimation) Managers of the Stan Lee Martin Corporation are considering a capital budgeting project that is unrelated to their26-06-2011
2Business A7. (NPV of a risky project) Suppose a firm currently has an unleveraged required return of 10% and perpetual unleveraged after-tax income of $140,26-06-2011
2Business B2. (Dividend policy) A firm has 20 million common shares outstanding. It currently pays out $1.50 per share per year in cash dividends on its comm26-06-2011
2Business A10. (Dividend adjustment model) Regional Software has made a bundle selling spreadsheet software and has begun paying cash dividends. The firm’s26-06-2011
2Business A2. (Comparing borrowing costs) Stephens Security has two financing alternatives: (1) A publicly placed $50 million bond issue. Issuance costs are 26-06-2011
7Business Journalize transactions, post, and prepare a trail balance.   This is the trail balance of Dominic Company on April 30,   27-06-2011
7Business 4-26 Job costing, journal entries.   Donnell Transport assemblies’ prestige manufactured homes. Its job costing system has two d27-06-2011
7Business E2-7 Accounting Principles—Comprehensive Presented below are a number of business transactions that occurred during the current year for Fresh27-06-2011
15BusinessCASE 3 QUESTIONS EL PASO MEDICAL CENTER Cost Allocation Concepts 1. Is it ”fair” for the Dialysis Center to suffer in profitability, and hen27-06-2011
9BusinessDeSoto Tools, Inc., is planning to expand production. The expansion will cost $300,000, which can be financed either by bonds at an interest rate of27-06-2011
9Business DUMBA is considering expanding into a new line of business. The expansion will require an investment today of $500,000 in new equipment. This eq27-06-2011
9Business Expected return: A stock’s returns have the following distribution:   Demand for the        27-06-2011
7Business E2-7 Accounting Principles—Comprehensive Presented below are a number of business transactions that occurred during the current year for Fresh27-06-2011
8Business COST-VOLUME-PROFIT ANALYSIS Dublin Confections, Inc. (Dublin) makes two candies: Irish Divinity and Shamrock Cremes. The price of Irish Divin27-06-2011
8BusinessDumba is considering expanding into a new line of business. The expansion will require an investment today of $500,000 in new equipment. This equipmen27-06-2011
8Business Refer to the Excel spreadsheet, containing a trial balance for ABC Company.  A trial balance is a listing of all accounts and the27-06-2011
9Business 5-2 Describe the different ways in which capital can be transferred from suppliers of capital to those who are demanding capital. SUPPLIER27-06-2011
9BusinessDeSoto Tools, Inc., is planning to expand production. The expansion will cost $300,000, which can be financed either by bonds at an interest rate of27-06-2011
9BusinessChapter 8 Minicase A recent annual report for Diageo PLC explains that its investments are expected to generate cash returns that exceed its “long-t27-06-2011
9Business Expected return: A stock’s returns have the following distribution:   Demand for the          27-06-2011
9Business Expected return: A stock’s returns have the following distribution:   Demand for the          27-06-2011
10BusinessDohn Corporation, a discounter of men’s suits, was formed on January 1, 20X6, when Dohn issued its no-par common stock for $200,000. Early in Januar27-06-2011
10BusinessProblem 8-29(appendix – 8B) Activity – based costing as an Alternative to Traditional product Costing[LOT]   Erie, Inc manufacturers two mo27-06-2011
15BusinessE8-19 (FIFO and LIFO Effects) You are the vice-president of finance of Sandy Alomar Corporation, a retail company that prepared two different schedule27-06-2011
15BusinessEL PASO MEDICAL CENTER Cost Allocation Concepts 1. Is it ”fair” for the Dialysis Center to suffer in profitability, and hence for the departme27-06-2011
20Business Scenario Carefully read the following case study for 27-06-2011
1BusinessChapter 21 C2. (Leasing, taxes, and the time value of money) The lessor can claim the tax deductions associated with asset ownership and realize the27-06-2011
1BusinessFIN/571  CHAPTER 8 & 9 MINI CASES30-06-2011
200Business Fay-Mart reported net income of $19,500 for the previous year.  At the beginning of the year the company had $300,000 in assets.  By t30-06-2011
2Business Prepare journal entries for transactions- Feb 17  Purchased 100000 of US Treasury 6% bonds, paying 102 plus accrued interest of $1000.&n30-06-2011
2Business A partial listing of costs incurred during March at Febbo corporation appears below: Factory supplies.........9,000 Administrative wage30-06-2011
2BusinessA14. (Stock valuation) Suppose Toyota has nonmaturing (perpetual) preferred stock outstanding that pays a $1.00 quarterly dividend and has a require30-06-2011
2Business A12. (Required return for a preferred stock) James River $3.38 preferred is selling for $45.25. The preferred dividend is nongrowing. What is th30-06-2011
2Business Financial Statements of Company. indicates that ending inventory levels in 2005 and 2006 were $200,000 and $350,000 respectively. Cost of Goods 30-06-2011
2Business Find the fair value of a perpetual bond which pays $100 every year forever.  The discount rate for the bond is 8%. 30-06-2011
2BusinessFind the present value of a perpetuity that pays $2,000 per year and the interest rate is 10%.30-06-2011
2BusinessFishbone corp wants to withdraw $120,000 (including principal) from an investment fund at the end of the each year for 9 years. What should be the req30-06-2011
2Business Flat Company currently produces cardboard boxes in an automated process. Expected produc¬tion per month is 50,000 units. The required direct ma30-06-2011
2BusinessFor next year, Fleming Company has budgeted sales of 40,000 units, target beginning finished goods inventory of 2,000 units, and an ending finished 30-06-2011
2Business9-14. Free Willy Inc., has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5% and the expected rate of return on the stock market is 12%, what 30-06-2011
2Business 1. From the following income statement for 1999, calculate the degree of operating leverage. (3 marks) Income Statement For year ended 12/31/99 30-06-2011
2BusinessGoliath Company had the following account balances: Sales Revenue, $150,000; Sales Returns and Allowances, $3,000; Sales Discounts, $3,600; and Bad De01-07-2011
2BusinessExercise 5-51 Quality improvement programs and cost saving. Garber Valves Company manufactures brass valves meeting precise specification standard01-07-2011
2BusinessGarrison Corporation is considering the replacement of an old machine that is currently being used.  The old machine is fully depreciated but can01-07-2011
2BusinessGarvin Enterprises’ bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is their 01-07-2011
2BusinessStock Pricing Two investors are evaluating GE’s stock for possible purchase.  They agree on the expected value of D1 and also on the expected f01-07-2011
2BusinessChapter 3: Giglio Inc. has the following information for the previous year:   Net Income         01-07-2011
2.5Business Find the Modified Internal Rate of Return (MIRR) for the following annual series of cash flows, given a discount rate of 10.50%: Year 0: -$75,0014-10-2013
2.5Business Kyle is raising funds for his company by selling preferred stock.  The preferred stock has a par value of $100 and a dividend rate of 6%.&14-10-2013
2Business Dice, Inc. is considering a very risky five-year project that has an initial outlay or cost of $70,000. The future cash inflows from its project14-10-2013
6Business Kenny Enterprises has just issued a bond with a par value of $1,000, twenty years to maturity, and an 8% coupon rate with semiannual payments.&n14-10-2013
2BusinessGILDA NARDI DEPOSITS $5,325 IN A BANK THAT PAYS 12% INTEREST, COMPOUNDED QUARTERLY. FIND THE AMOUNT SHE WILL HAVE AT THE END OF 7 YEARS?   &01-07-2011
2BusinessWarrants (2) Gregg Company recently issued two types of bonds. The first issue considered of 20 year strait debt with an 8 % annual coupon. The second01-07-2011
2BusinessGulknecht Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its01-07-2011
2BusinessFactoring Accounts Receivable.   On May 1, Carter, Inc. factored $800,000 of accounts receivable with Rapid Finance on a without recourse basis01-07-2011
3BusinessFairfield Corporation reported the following transaction’s during November 2005. Nov. 1 declared the required annual cash dividend on the preferred01-07-2011
2Business Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are listed below. 01-07-2011
2Business Exercise 5-51 Quality improvement programs and cost saving. Garber Valves Company manufactures brass valves meeting precise specificatio01-07-2011
2Business 12`The following data was provided by Green Corporation: Product A $80,000 30% Product B Product C   45% 27%   Sales in dol01-07-2011
2Business GILDA NARDI DEPOSITS $5,325 IN A BANK THAT PAYS 12% INTEREST, COMPOUNDED QUARTERLY. FIND THE AMOUNT SHE WILL HAVE AT THE END OF 7 YEARS? 01-07-2011
3Business Factoring Accounts Receivable.   On May 1, Carter, Inc. factored $800,000 of accounts receivable with Rapid Finance on a without reco01-07-2011
3Business Fairfield Corporation reported the following transaction’s during November 2005. Nov. 1 declared the required annual cash dividend on the p01-07-2011
3Business 1 Billick Brothers is estimating its WACC. The company has collected the following information: ? Its capital structure consi01-07-2011
1Business FIN 419 Chapter 4 P4–48 Monthly loan payments Tim Smith is shopping for a used car. He has found FIN 419: Finance for Decision making 01-07-2011
3Business FIN 419 Week 3 Chapter 7 P7–6 Common stock valuation - Zero growth Scotto Manufacturing is a   FIN 419 Week 3 TUTORIAL FIN 4101-07-2011
3Business FIN 571 CHAPTER 5 A10. (Dividend discount model) Assume RHM is expected to pay a total cash dividend of $5.60 next   FIN 571 CH5 A10.01-07-2011
3Business Financial ratio analysis is conducted by managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis 01-07-2011
3Business Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units.   01-07-2011
3Business Find the present value of an income (in dollars) described by c(t)=400 over 5 years, assuming that inflation stays constant at 2.5% per year. 01-07-2011
3Business Below is budgeted production and sales information for Fleming Company for the month of December: Product XXX  01-07-2011
3Business Florida Phosphate is considering a project which involves opening a new mine at a cost $10,000,000 at t=0. The project is expected to have operat01-07-2011
3Business Florida Phosphate is considering a project which involves opening a new mine at a cost $10,000,000 at t=0. The project is expected to have operat01-07-2011
3Business Florida Phosphate is considering a project which involves opening a new mine at a cost $10,000,000 at t=0. The project is expected to have operat01-07-2011
3Business Florida Phosphate is considering a project which involves opening a new mine at a cost $10,000,000 at t=0. The project is expected to have operat01-07-2011
3Business 2. For each of the following oversights, state whether total assets will be understated, overstated, or not affected. 01-07-2011
3Business The following are selected 2010 transactions of Franco Corporation. Jan. 1 Purchased a small company and recorded goodwill of 150,000. Its u01-07-2011
3Business 5. Net present value: Franklin Mints, a confectioner, is looking to purchase a new jellybean-making machine at a cost of $312,500.The company p01-07-2011
2Business9     Great Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years. The financial analyst want01-07-2011
2Business Guyer Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During Novem01-07-2011
3Business 2-23 FV for uneven cash flow: You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5000 01-07-2011
3Business E15-2 (E15-2) Operating data for Gallup Corporation are presented below.   2009          01-07-2011
3Business Gardner Company issued bonds with a face value of $100,000 on January 1, 2007.  The bonds had a 6% stated rate of interest and a five year 01-07-2011
3Business 12. Constant-Growth Model. Gentlemen gym just paid it annual dividend of $3 per share and, and it is widely expected that the dividend will incre01-07-2011
3Business Presented below is the production data for the first six months of the year for the mixed costs incurred by glenn Company. Month &nbs01-07-2011
3Business For the year ended December 31. Global Exports had net sales of $9,000,000, cost an other expenses (including income ta01-07-2011
3Business Global technology’s capital structure is as follows:               Debt……01-07-2011
3Business Gozalez manufacturing traced the following levels of activity to the products it manufactured during the first quarter of this year:   01-07-2011
3Business 6-16B (capital asset pricing model) Grace corporation is considering the following investments. The  current rate on Treasury bills is 5.501-07-2011
3Business Green Enterprise produces small engines for lawn mowers. During the year, 110,000 engines were produced. The actual labor used was 60,000 hours 01-07-2011
3Business When you undertook the preparation of the financial statements for Green Company at January 31, 2010, the following data were available: At Cost01-07-2011
3Business Use the information for Gretna Machine, Inc. (below) to prepare an income Statement for the year ended December 31. Assume a 30 percent income t01-07-2011
3Business Factory overhead for the Praeger Company has been estimated as follows:   Nonvairable overhead        $01-07-2011
4Business * On October 1, 2006, Ferdinand Corp. issued $500,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2006, and pay interest a01-07-2011
4Business Fields Corporation has 20,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the st01-07-2011
4BusinessFIN/200 WEEK NINE CAPSTONE CH10. You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and inve01-07-2011
4BusinessFunding your retirement You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive $20,000 at the end of 01-07-2011
4Business Chapter 4 P4–46 Loan amortization schedule Joan Messineo borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan 01-07-2011
4Business Funding budget shortfalls As part of your personal budgeting process, you have determined that in each of the next 5 years you will have budget 01-07-2011
4Business Find out the short term and long term Debt ratio. And its impact on the firms financing. Important ratio that I looking for is Short-term deb01-07-2011
4Business The following trial balance was taken from the books of Fisk Corporation on December 31, 2007 Account Debit Credit Cash $12,000 Accounts01-07-2011
4BusinessThe adjusted account balances of the Fitness Center at July 31 are as follows: Accounts and Account Balances Cash $11,000 Service Revenue $100,000 Acc01-07-2011
4Business Fixed rate mortgage is made for 60,000, term 10 years Borrower and lender agree a balance of 20,000 will remain and repaid lumpsum at that tim01-07-2011
4BusinessProblem 5. Common stock value Friedman Steel Company will pay a dividend of $1.50 per share in the next 12 months (D1). The required rate of return (02-07-2011
4BusinessFS Co. will pay a dividend of $1.50 per share in the next 12 months (D1).  The required rate of return (Ke) is 10% and the constant growth rate i02-07-2011
4BusinessGap encounters significant uncertainty with its sales volume and price in its primary product. The firm uses scenario analysis in order to determine a02-07-2011
4Business Gap encounters significant uncertainty with its sales volume and price in its primary product. The firm uses scenario analysis in order to determ02-07-2011
4Business General Cereal common stock dividends have been growing at an annual rate of 7 percent per year over the past 10 years. Current dividend is $1.702-07-2011
4Business"General Electric made a coupon payment yesterday on its 6.75% bonds that mature in 8.5 years. If the required return on these bonds is 8% APR, what s02-07-2011
4Business TRANSACTION EXERCISE   Given the fundamental relationship A = L + OE, determine the effect of the following transactions on assets, l02-07-2011
4BusinessGap encounters significant uncertainty with its sales volume and price in its primary product. The firm uses scenario analysis in order to determine a02-07-2011
4Business FS Co. will pay a dividend of $1.50 per share in the next 12 months (D1).  The required rate of return (Ke) is 10% and the constant growth 02-07-2011
4Business Problem 5. Common stock value Friedman Steel Company will pay a dividend of $1.50 per share in the next 12 months (D1). The required rate of r02-07-2011
4Business The adjusted account balances of the Fitness Center at July 31 are as follows: Accounts and Account Balances Cash $11,000 Service Revenue $102-07-2011
4Business The following trial balance was taken from the books of Fisk Corporation on December 31, 2007 Account Debit Credit Cash $12,000 Accounts02-07-2011
4Business Find out the short term and long term Debt ratio. And its impact on the firms financing. Important ratio that I looking for is Short-term deb02-07-2011
4Business FIN 419 week 3 Tutorial   FIN 419 Chapter 4 P4–32 Funding budget shortfalls As part of your personal budgeting process, FIN 402-07-2011
4Business FIN 419 Finance for Decision making Chapter 4 P4–46 Loan amortization schedule Joan Messineo borrowed $15,000 at a 14% annual rate   02-07-2011
4Business FIN 419 FIN 419 Chapter 4 P4–23 Funding your retirement You plan to retire in exactly 20 years. Your Chapter 4 P4–23 Finance for 02-07-2011
4BusinessFIN/200 WEEK NINE CAPSTONE CH10. You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and inve02-07-2011
4Business Fields Corporation has 20,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. Before the split, the st02-07-2011
4Business * On October 1, 2006, Ferdinand Corp. issued $500,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2006, and pay interest a02-07-2011
5Business2 Brown Grocery is considering a project that has an up-front cost of $X. The project will generate a positive cash flow of $75,000 a year. Assume tha02-07-2011
5Business5-4A (Present value) What is the present value of the following future amounts?$800 to be received 10 years from now discounted back to the present at02-07-2011
5Business5-5A (Compound annuity) What is the accumulated sum of each of the following streams of payments?$500 a year for 10 years compounded annually at 5 per02-07-2011
5Business5-6A. Present value of an annuity (Present value of an annuity) What is the present value of the following annuities? a. $2,500 a year for 10 years 02-07-2011
5Business Text Problem 3 A firm’s current balance sheet is as follows:   A firm’s current balance sheet is as follows: Assets  $10002-07-2011
5Business A firm’s current balance sheet is as follows: Assets  $100             02-07-2011
5Business Basic bond valuation Complex Systems has an outstanding issue of $1,000- par-value bonds with a 12% coupon interest rate. The issue pays interes02-07-2011
5Business(Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000 principal in 10 years. You pay only $500 for the bond. a02-07-2011
5Business B20. (Constant growth model) Medtrans is a profitable firm that is not paying a dividend on its common stock. James Weber, an analyst for A. G. 02-07-2011
5Business Management Acounting Multiple-product breakeven anaylysis.  Florida Favorites02-07-2011
5Business Management Acounting Multiple-product breakeven anaylysis.  Florida Favorites02-07-2011
5Business Fonda Company has provided the following financial data: Variable costs per unit        $765 Selling pr02-07-2011
5Business Classify the following costs for the Ford Motor Company as either a product cost or a period cost advertisingtiresassembly employee wages02-07-2011
5Business Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the02-07-2011
5Business B9.  (Estimating the WACC) Fuerst Cola has 10,000 bonds and 400,000 shares outstanding. The bonds have a 10% annual coupon, $1,000 face va02-07-2011
5Business3. Future Value of an Annuity. What is the future value ofa. $1176 a year for 13 years at 13 percent compounded annually?b. $663 a year for 10 years a02-07-2011
5Business1. Future Value. What is the future value ofa. $572 invested for 5 years at 15 percent compounded annually?b. $449 invested for 15 years at 14 percent02-07-2011
5Business G.G. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 20X9. He ended 20X8 with 2,500 complet02-07-2011
5Business Gap is estimating its WACC. Its target capital structure is 20 percent debt, 20 percent preferred stock, and 60 percent common equity. Its bonds 02-07-2011
5Business On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data. Accounts Receivable 02-07-2011
5Business Given the following data for Gary and Co    (Millions of Dollars): Balance Sheet      &nbs02-07-2011
5Business3.) The Gaylord Company has sales of $800,000, variable costs of  $400,000, and fixed cost of $250,000.Compute the following:a. Contribution marg02-07-2011
5BusinessThe adjusted trial balance of Gertz Company included the following selected accounts:           Debit&nbs02-07-2011
5Business Geyser Inc. develops and produces spraying equipment for lawn maintenance and industrial uses.  On March 3 of the current year, Geyser Inc.02-07-2011
5Business Given the compressed version of balance sheet and income statement, estimate the amount of external financing needed to increase sales by 20% ne02-07-2011
5Business Given the following year-end balances, prepare a multiple-step income statement, statement of retained earnings, and a classified balance sheet.02-07-2011
5Business Golden Swimming Corporation is considering the purchase of a new pool heater at a cost of $15,000. It should save $3,000 in cash operating costs02-07-2011
5Business The partnership of Grant and Hoffman needed additional capital to expend into new markets, so the business incorporated as GH, Inc. The charter 02-07-2011
5Business4. On the basis of the following data for Grant co. for 2010 and the preceding year ended December 31,2009, prepare a statement of cash flows. Use the02-07-2011
5Business December 30 was obtained from the records of Greenfield Co.: Salaries: Sales salaries: $320,000   The following information abou02-07-2011
6Business 9.15        Four equally likely states of the economy may occur next year.  Below are the returns on the 02-07-2011
6Business Problem 11-17: Flexible Budget and Overhead Performance Report You have just been hired by FAB Company, the manufacturer of a revolutiona02-07-2011
6Business The following information was taken from the annual manufacturing overhead cost budget of Fernetti Company. Variable manufacturi02-07-2011
6BusinessFIFO, weighted average, and LIFO methods are often used instead of specific identification for inventory valuation purposes. Compare these methods w02-07-2011
6Business 13. Healthy Foods, Inc., sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the v02-07-2011
6Business Problem 6-3A Eddings Company has a beginning inventory of 400 units of product XNA at a cost of $8.00 per unit. During the year purchased were:02-07-2011
6Business Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs are $1,290,000 per year. Sales revenue and variable costs p02-07-2011
6Business Fontillas Instrument, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments an02-07-2011
6Business (Dispositions, Including Condemnation, Demolition, and Trade-in) Presented below is a schedule of property dispositions for Frank Thomas Co.02-07-2011
6Business Fultz Company manufactures table cloths.  Sales have grown rapidly over the past 2 years. As a result, the president has installed a budge02-07-2011
6BusinessE4-11 On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data.Accounts receivable   &nbs02-07-2011
6Business8. Given the following data: Year 0 1 2 3 4 Cash Flow 100 50 40 40 15 Calculate the payback period and the NPV (Discount rate is 15%)9. The Friedman i02-07-2011
6Business Last year Gator Getters, Inc. had $50 million in total assets.  Management desires to increase its plant and equipment during the coming ye02-07-2011
6Business The following T accounts summarize the flow of manufacturing costs during the current year Through the ledger acc02-07-2011
7Business FIN 200 Week 7 Midland Chemical Co. is negotiating a loan from Manhattan Bank and Trust. The small chemical   CheckPoint: Loan Scenar03-07-2011
7Business Fin 370 week 3 text questions Individual Assignments from the Readings 4-6A (Cash budget) The Sharpe Corporation’s projected sales for 03-07-2011
7Business Fin 370 week 3 text questions Individual Assignments from the Readings 4-6A (Cash budget) The Sharpe Corporation’s projected sales for 03-07-2011
7Business Fin 370 week 3 text questions Individual Assignments from the Readings 4-6A (Cash budget) The Sharpe Corporation’s projected sales for 03-07-2011
7Business FIN ACCT 557 P11-2A The following are selected transactions of Winsky Company.   FIN ACC 557 P11-2A Winsky Company Winsky Compan03-07-2011
7Business Multiple-product break even analysis Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs are $1,290,000 per 03-07-2011
7Business Problem 2.10 Average-Cost Minimization   Giant Screen TV, Inc., is a San Diego-based importer and distributor of 60-inch screen, high03-07-2011
7Business Given the following data, prepare an income statement and balance sheet for calendar 2007 in as much detail as possible for Washburn’s, a reta03-07-2011
7Business The table following information is available about Grapevine’s January 2003 inventory transactions.   Date T03-07-2011
8Business Fin 200 Week 9 day 5 chapter 9 278 & 279 of Foundations of Financial Management 3. You will receive $5,000 three years from now. The d03-07-2011
9Business 3. You will receive $5,000 three years from now. The discount rate is 8 percent. a. What is the value of your investment two years from now? Mul03-07-2011
9Business 3. You will receive $5,000 three years from now. The discount rate is 8 percent. a. What is the value of your investment two years from now? Mul03-07-2011
9Business Introduction to Finance Week 5 – Numerical Exercises 1. Given the following data for Gary and Co    (Millions of Dollar03-07-2011
10Business FIN 200 2-27,28, 29 Prepare a statement of cash flows for the Crosby Corporation Complete Problems 27, 28, and 29 on pp. 51-53. 03-07-2011
1BusinessBiochemical Corp. requires $500,000 in financing over the next three years. The firm can borrow the funds for three years at 10.60 percent interest pe05-07-2011
12BusinessBiochemical Corp. requires $500,000 in financing over the next three years. The firm can borrow the funds for three years at 10.60 percent interest pe05-07-2011
4Business Orville Knitters manufactures sweaters and uses an operation-costing system.  All sweaters are processed through Department no. 1, with sub06-07-2011
4Business Conversion cost incurred in the three departments totaled $504,000, subdivided as follows: Department no. 1, $360,000; department no. 2, $60,00006-07-2011
12Business Chapter 8 Minicase A recent annual report for Diageo PLC explains that its investments are expected to generate cash returns that exceed its “06-07-2011
12BusinessQ1Money markets are markets for..? (Points : 4)Q2Which of the following statements is CORRECT? (Points : 4)Q3If the stock market is semistrong-form ef06-07-2011
12Business1) Prepare a balance sheet and income statement as of December 31, 2003, for Preakness, Inc., from the following information. Inventory  &nb06-07-2011
3BusinessRodney Rodgers plans to open a wholesale dairy products firm which will be completely financed with equity. He expects first year sales to total $5,5006-07-2011
1Business 1. (Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently payin07-07-2011
1Business (Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000 principal in 10 years. You pay only $500 for the b07-07-2011
1Business B1. (Yield to maturity) DuPont’s 8.45% bonds closed yesterday at 103. If these bonds mature in 15.5 years, what i07-07-2011
1Business B2. (Yield to maturity) GMAC’s 8.75% bonds closed yesterday at $952.50. If these bonds mature in 11 years, wha07-07-2011
1Business B3. (Remaining maturity) IBM’s 9.375% bonds closed yesterday at 95.13. If a coupon payment was made yesterday and07-07-2011
3.5Business The following information comes from the Galaxy Construction balance sheet. The value of common stock is $10,000, retained earnings equals $7,0013-10-2013
2Business Your firm has issued a 20-year $1,000.00 par value semiannual 10% coupon bond that sells for $1,000 in the market place. The proceeds from the s13-10-2013
3.5Business Baldwin Co. purchases an asset for $50,000. This asset qualifies as a five-year recovery asset under MACRS, with the fixed depreciation percenta13-10-2013
1MathsThis farmers profit maximizing level of output is  _____________ units of output.13-10-2013
3.5Business Pigeon, Inc. is currently considering an eight-year project that has an initial outlay or cost of $80,000. The future cash inflows from its proj14-10-2013
4Business Cost of equity: SML.  Stan is expanding his business and will sell common stock for the needed funds.  If the new current risk-free ra14-10-2013
1Business B6. (Yield to call) Xerox has a 8.5% coupon bond that has a remaining maturity of 16 years. The bond is callable in07-07-2011
1Business B7. (Yield to maturity) Coca-Cola has a zero-coupon bond that will pay $1,000 at maturity in five years. Today the 07-07-2011
1Business B8. (Yield to maturity) J.C. Penney has a zero-coupon bond that will pay $1,000 at maturity in 25 years. Today the bond is sellin07-07-2011
1Business Axia College Material Appendix E Preparing a Finan07-07-2011
1Business B9. (Yield to call) Samsung has a bond that cannot be called today but can be called in four years at 07-07-2011
1Business B10. (Yield to call) MCI has a bond that cannot be called today. It can, however, be called in two years at a call 07-07-2011
1Business B11. (Required return) What required return is implied by the constant growth model for a stock that is selling for07-07-2011
1Business B12. (Required return) What required return is implied by the constant growth model for a stock that is selling for07-07-2011
1Business B13. (Expected dividend growth rate) Suppose that MTA is expected to pay $4.00 in cash dividends next year at the r07-07-2011
1Business B14. (Expected dividend growth rate) Suppose that IMark is expected to pay $6.00 in cash dividends next year at the07-07-2011
1Business B15. (Interest-rate risk) A quick look at bond quotes will tell you that GMAC has many different issues of bonds outstanding. Suppose that four 07-07-2011
1Business (Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000 principal in 10 years. You pay only $500 for the b08-07-2011
1Business ASSIGNMENT #2 Bailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant.  The company produ11-07-2011
1Business2-38 Balance Sheet EquationEach of the three following columns is an independent case.  For each case, compute the amounts ($in thousands) for th11-07-2011
1Business2-38 Balance Sheet EquationEach of the three following columns is an independent case.  For each case, compute the amounts ($ in thousands) for t11-07-2011
1Business Barney Corporation began business on Jan 1, 2006. The company has released the following  financial statements for11-07-2011
1BusinessProblem 8.1AOn January 15, 2007, Bass Track sold 1,000 Ace-5 fishing reels to Angler’s Warehouse prior to his sale. Bass Track’s perpetual invento11-07-2011
1Business Porto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during the current fiscal year11-07-2011
1BusinessBerkshire Threaded  Fasteners CompanyThis case is set in an “industrial commodities” firm in New England in 1974, as American dominance of wo11-07-2011
1BusinessExercises on Accounting Fundamentals1. Refer to the Excel spreadsheet, containing a trial balance for ABC Company.  A trial balance is a listing 11-07-2011
1BusinessBig Bank Corp. wants to earn an effective interest rate of 9% (EAR) on its consumer loans. It uses monthly compounding on consumer loans. What should 11-07-2011
1BusinessMake corrections and adjustments to income statement and balance sheet. Big Blue Rental Corp. provides rental agent services to apartment building own11-07-2011
1Business3. (NPV with varying required rates of return) Big Steve’s, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine.11-07-2011
1Businessa chemical factory has a rated capacity of 1200000 units per year.the standard capacity is 700000 units per year.The actual output is 600000 per year.15-07-2011
1Business Bob Reeves won a concession to rent bicycles in the local park during the summer in the month of May. Reeves completed the following transaction16-07-2011
1Business 11-44 NPV, ARR, and Payback Bob’s Big Burgers is considering a proposal to invest in a speaker system that would allow its employees to ser16-07-2011
1Business 5-37 JIT manufacturing and cost savings Bogden Company introduced JIT manufacturing last year and has prepared the following data to assess the 16-07-2011
1Business 1. Bond. What is the value of a $1,000 par value bond with annual payments of an a. 11% coupon with a maturity o16-07-2011
1Business 4. Bond. What is the yield to maturity of a $1000 par value bond with an....  a. 10% semiannual coupon and 20 years to maturity and a $116-07-2011
1Business 3. Bond. What is the value of a $1,000 par value bond with annual payments of an……  a. 11% coupon with a maturity of 20 years and a 16-07-2011
1Business 1. Bond. What is the value of a $1,000 par value bond with annual payments of an a. 11% coupon with a maturity o16-07-2011
1Business A15. (Stock valuation) Let’s say the Mill Due Corporation is expected to pay a dividend of $5.00 per year on its 16-07-2011
1Business PR 14-2A On July 1, 2010, Borrower Industries Inc. issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13% receiving cash 16-07-2011
1Business Brookdale Clothing Balance Sheet June 30, 2004 Cash $75,000 Accounts payable $ 400,000 Marketable securities 100,000 Long-term debt 300,000 Acco16-07-2011
1Business Budgeted sales for the third quarter of the year for Brown company are as follows:   July$300,000 August$375,000 September $450.16-07-2011
5Business  5.5 Treasury bond that matures in 10 years has a yield of 6%. A 10 year corporate bond has a yield of 9%. Assume that the liqu16-07-2011
1Business Bridger Bike Corp. manufacuters bikes and distributes them through retail outlets in Montana, Idaho, Oregon and Washington. Bridger Bike Corp. h16-07-2011
1Business ASSIGNMENT #2 Bailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant.&16-07-2011
1Business 2-38 Balance Sheet Equation Each of the 16-07-2011
1Business Barney Corporation began business on Jan 1, 2006. The company has released the following  financial statements for17-07-2011
1BusinessCoil Welding Corporation sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Coil Welding17-07-2011
5Business Oakland Company had the following cash flows and other activities for the quarter ended March 31, 2002.   Depreciation expense $24,0019-07-2011
3Business ANSWER KEY BE 4-7 Discontinued operations. On December 31, 2011, the end of the fiscal year, California Microtech Corporation completed the sal20-07-2011
3Business ANSWER KEY  BE 4-6 Separately reported items. The following are partial income statement account balances taken from the December 31, 201120-07-2011
1Business Axia College Material   Appendix E Preparing a Financial Statement Worksheet Complete the20-07-2011
1Business Axia College Material   Appendix E Preparing a Financial Statement Worksheet Complete the20-07-2011
1Business Porto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during the current fiscal year20-07-2011
1Business Prepare a statement of cash flows-indirect method 20-07-2011
1Business Chapter 2 Decision Guideline                   &nbs20-07-2011
1Business 3-39 Account Analysis Custom Computers is a company stated by two engineering students to assemble and market personal computers to fa20-07-2011
1Business FIN 200 2-27,28, 29 Prepare a statement of cash flows for the Crosby Corporation   Complete Problems 27, 28, and 29 on pp. 51-53. 20-07-2011
1Business Create an Excel spreadsheet for a production plant that the company will lease for 5 years at US$1,500,000 per year; it will cost the firm US$4,20-07-2011
1Business CR. has 7% coupon bonds with 10 years to maturity.  The bond requires annual coupon payment.  The face v20-07-2011
1Business Week 6 - Credit Policy Decisions Cooper Office Supplies is conside20-07-2011
1Business You are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% annual coupon and a 30 y20-07-2011
1Business 2. (Historic Rate of Return and Risk) Consider an investment in one of two common stocks. Given the information that follows, 20-07-2011
1BusinessThe following items at July 1, 2006 (in millions of dollars): Accrued liabilities $ 681.7 Cash and cash equivalents 315.1 Total stockholders’ equity20-07-2011
1Business3. (Bond valuation) Compute the fair value of the following bond: The bond has a face value of $1,000 face value, 10 years remaining to maturity, a 9.20-07-2011
1Business2) The following data have been recorded for recently completed Job 450 on its job cost sheet...Direct materials cost was $3,044. A total of 46 direct20-07-2011
1Business2) The following data have been recorded for recently completed Job 450 on its job cost sheet...Direct materials cost was $3,044. A total of 46 direct20-07-2011
1Business 2) The following data have been recorded for recently completed Job 450 on its job cost sheet.  Direct 20-07-2011
1Business Colt Electronics issues an $600,000,8%, 10-year mortgage note on December 2010,to help finance a plant expansion program. The term s provide for20-07-2011
1Business Coil Welding Corporation sells and services pipe welding equipment in California. The following selected accounts appear in the ledger of Coil W20-07-2011
1Business Co is considering to buy a new piece of equipment for $220,000. It has an eight-year midpoint of its asset depreciation range (ADR). It will req20-07-2011
1Business Preparation of Statement of Cash Flows   Below is the income statement and balance sheet of Closely Held Corporation.  From this20-07-2011
1Business 5-53 Cash Provided by Operations Clorox Company21-07-2011
3Business ANSWER KEY  BE 4-7 Discontinued operations. On December 31, 2011, the end of the fiscal year, California Microtech Corporation completed t21-07-2011
2Business ANSWER KEY BE 4-10 Accounting change The Korver Company decided to change its inventory costing method from average to FIFO. The depreciation 21-07-2011
3.5Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was 21-07-2011
3.5Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was 21-07-2011
3.5Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was 21-07-2011
3.5Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was &nb21-07-2011
3Business BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was   BE 421-07-2011
3Business BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was   BE 421-07-2011
3Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was &nb21-07-2011
3Business BE 4-7 Discontinued operations. On December 31, 2011, the end of the fiscal year, California Microtech Corporation completed the sale of &nbs21-07-2011
3Business ANSWER KEY BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was &nb21-07-2011
3Business BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was   BE 421-07-2011
3Business BE 4-11 Accounting change. Powell Manufacturing purchased machinery for $300,000 at the beginning of 2009. A six-year life was   BE 421-07-2011
1Business 5. The adjusted trial balance for China Tea Company at December 31, 2006 is presented below: Debit 21-07-2011
1Business(Beta and required return) The riskless return is currently 6%, and Chicago Gear has estimated the contingent returns given here. a. Calculate the exp21-07-2011
1BusinessCharlie Corp sells it products on both credit and cash basis. Monthly sales are sold 20% for cash, 80% for credit. Credit sales are collected 40% in t21-07-2011
1BusinessOn January 2, 20X4, Centex insurance company purchased a computer at a cost of $63,000.  Before placing the computer in service, the company spen21-07-2011
1BusinessCeline Dion Company issued $600,000 of 10% 20-year bonds on January 1, 2008, at 102.  Interest is payable semiannually on July 1 and January 1.&n21-07-2011
1BusinessRefer to the financial statement information on the next two pages for Catalina, Inc, for fical year ended 12/31/2003. assume the following: Notes Pay21-07-2011
1BusinessDecember                        &nb21-07-2011
1Business• Complete problem 4.5 on p. 141 (Ch. 4). Refer to Exhibit 4.1 on p. 118 (Ch. 4) to create your statement of cash flows.• Submit your completed st21-07-2011
1BusinessYou have just been hired as a new management trainee by Earrings Unlimited, a distributor of earring to various retail outlets located in shopping mal21-07-2011
1Business9. Car Loans (Hint: P/Y12) How much is a car loan with a payment ofa. $164 per month for 4 years at 4% interest per year?b. $530 per month for 2 years21-07-2011
100BusinessE 16-21 Operating loss carryback Wynn Sheet Metal reported an operating loss of $100,000 for financial reporting and tax purposes in 2013. The enac12-05-2013
8Business Use the data for Albin Company in Problem 5-4B to complete the following requirements.   P5-5B Preparing closing entries and interpre13-05-2013
5Business Cantrell Company has already manufactured 20,000 units of Product A at a cost of $20 per unit.   E25-15 Sell or process decision &14-05-2013
8Business Use the data for BizKid Company in Problem 5-4A to complete the following requirements.   P5-5A Preparing closing entries and interp14-05-2013
4Business Santos Company currently manufactures one of its crucial parts at a cost of $3.40 per unit. This cost is based on a normal production rate of 5014-05-2013
7Business Albin Company’s adjusted trial balance on March 31, 2011, its fiscal year-end, follows.   P5-4B Computing merchandising amounts and14-05-2013
1Business Calhoun, Inc. paid a $3.50 dividend last year. At a constant growth rate of 5 percent, what is the value of the common stock if the investors re22-07-2011
1Business Caledonia Corp is considering two additional mutually exclusive projects. The cash flows associated with these projects are as follows: Year&22-07-2011
1Business PR 14-2A On July 1, 2010, Borrower Industries Inc. issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13% receiving cash 22-07-2011
1Business A15. (Stock valuation) Let’s say the Mill Due Corporation is expected to pay a dividend of $5.00 per year on its 22-07-2011
1Business 1-44 NPV, ARR, and Payback   Bob’s Big Burgers is considering a proposal to invest in a speaker system that would allow its employe22-07-2011
1Business Bob Reeves won a concession to rent bicycles in the local park during the summer in the month of May. Reeves completed the following transaction22-07-2011
1Business 3. (NPV with varying required rates of return) Big Steve’s, makers of swizzle sticks, is considering the purchase of a new plastic22-07-2011
10BusinessBG 615Fall, 2008Exercises on Accounting Fundamentals1.Refer to the Excel spreadsheet, containing a trial balance for ABC Company.  A trial balanc22-07-2011
1Business 2-38 Balance Sheet Equation Each of the three following columns is an independent case.  For each case, compute the amounts ($in thousa22-07-2011
1BusinessASSIGNMENT-2Bailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant.  The company produces three pr22-07-2011
1BusinessASSIGNMENT-2Bailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant.  The company produces three pr22-07-2011
2BusinessFind the present value of a perpetuity that pays $2,000 per year and the interest rate is 10%.22-07-2011
2BusinessFishbone corp wants to withdraw $120,000 (including principal) from an investment fund at the end of the each year for 9 years. What should be the req22-07-2011
2Business9-14. Free Willy Inc., has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5% and the expected rate of return on the stock market is 12%, what 22-07-2011
2Business9-14. Free Willy Inc., has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5% and the expected rate of return on the stock market is 12%, what 22-07-2011
2BusinessGilda Nardi deposits $5,325 in a bank that pays 12% interest, compound quarterly.  Find the amount she will have at the end of 7 Years ?22-07-2011
2Business9.Great Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years. The financial analyst wants to discount this liabi22-07-2011
3BusinessFin 315Billick Brothers is estimating its WACC. The company has collected the following information...* Its capital structure consists of 40 percent d22-07-2011
3Business5. Net present value: Franklin Mints, a confectioner, is looking to purchase a new jellybean-making machine at a cost of 312,500.The company projects 22-07-2011
3BusinessFor the year ended December 31. Global Exports had net sales of $9,000,000, cost an other expenses (including income taxes) of $6,200,000, and an extr22-07-2011
1Business 1. (Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percen22-07-2011
4BusinessFIN/200 WEEK NINE CAPSTONE CH10. You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and inve22-07-2011
4BusinessThe adjusted account balances of the Fitness Center at July 31 are as follows: Accounts and Account Balances Cash $11,000 Service Revenue $100,000 Acc22-07-2011
4BusinessGeneral Electric made a coupon payment yesterday on its 6.75% bonds that mature in 8.5 years. If the required return on these bonds is 8% APR, what sh22-07-2011
5Business2. Brown Grocery is considering a project that has an up-front cost of $X. The project will generate a positive cash flow of 75,000 a year. Assume tha22-07-2011
5Business5-4A. (Present value) What is the present value of the following future amounts?a. $800 to be received 10 years from now discounted back to the presen22-07-2011
5Business5-5A (Compound annuity) What is the accumulated sum of each of the following streams of payments?$500 a year for 10 years compounded annually at 5 per22-07-2011
5Business5-6A. (Present value of an annuity) What is the present value of the following annuities?a. $2,500 a year for 10 years discounted back to the present 22-07-2011
5Business(Default risk) You buy a very risky bond that promises a 9.5% coupon and return of the $1,000 principal in 10 years. You pay only $500 for the bond. a22-07-2011
5BusinessManagement AcountingMultiple-product breakeven anaylysis.  Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs are 1,22-07-2011
5Business3. Future Value of an Annuity. What is the future value ofa. $1176 a year for 13 years at 13 percent compounded annually?b. $663 a year for 10 years a22-07-2011
5Business1. Future Value. What is the future value ofa. $572 invested for 5 years at 15 percent compounded annually?b. $449 invested for 15 years at 14 percent22-07-2011
5Business3) The Gaylord Company has sales of $800,000, variable costs of  $400,000, and fixed cost of $250,000.Compute the following:a. Contribution margi22-07-2011
5Business5 CHAPTER MERCHANDISING OPERATIONS ACCT 2102 (Fall, 2009)The adjusted trial balance of Gertz Company included the following selected accounts:  &22-07-2011
5Business4. On the basis of the following data for Grant co. for 2010 and the preceding year ended December 31,2009, prepare a statement of cash flows. Use the22-07-2011
6BusinessE4-11 On December 31, the adjusted trial balance of Garg Employment Agency shows the following selected data.Accounts receivable    $2422-07-2011
6Business8. Given the following data: Year 0 1 2 3 4 Cash Flow 100 50 40 40 15. Calculate the payback period and the NPV (Discount rate is 15%).9. The Friedman22-07-2011
6Business The following T accounts summarize the flow of manufacturing costs during the current year Through the ledger accou22-07-2011
7BusinessFin 370 week 3 text questions Individual Assignments from the Readings 4-6A (Cash budget) The Sharpe Corporation’s projected sales for the first eig22-07-2011
9Business(Interest-rate risk) Philadelphia Electric has many bonds trading on the New York Stock Exchange. Suppose PhilEl’s bonds have identical coupon rates22-07-2011
10BusinessFIN 200 2-27,28, 29  Crosby CorporationCash Flow PreparationResource: Ch. 2 of Foundations of Financial Management Problems 27, 28, and 29 on pp.22-07-2011
12BusinessFIN 571 Week 4 Chapter 8 MINI CASE  DIVISIONAL COST OF CAPITAL A recent annual report for Diageo PLC explains that its investments are expected t22-07-2011
12BusinessQ1. Money markets are markets for..? (Points : 4)Q2. Which of the following statements is CORRECT? (Points : 4)Q3. If the stock market is semistrong-f22-07-2011
12Business1) Prepare a balance sheet and income statement as of December 31, 2003, for Preakness, Inc., from the following information.  Inventory &nb22-07-2011
1.5Business Bates co. has machinary that cost $90,000. It is to be leased for 15 years with rent received at the beginning of each year. bates wants a retur25-07-2011
1.5Business Davie Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable factory overhead rate25-07-2011
2Business What are the three basic elements of manufacturing costs? 25-07-2011
5Business Prepare a classified balance sheet for Smith Company as of December 31, 2010.     Debits Credits25-07-2011
4.5Business Fishing designs has arrange to borrow $15,000 today at 12% interest. The loan is to be repaid with end of year payments of $3000 at the end of y25-07-2011
3.5Business You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.38 and the total portfolio is equ25-07-2011
10Business ACC310 P3-36 Argentina Partners is concerned about the possible effects of inflation on its operations. Presently, the P 3-36 Week 1 &nb25-07-2011
2Business Redman Company manufactures customized desks. The following pertains to Job No. 978: direct material used $9,450 direct labor hours worked 360 d25-07-2011
2BusinessGulick Company developed the following data for the current year: beginning work in process inventory $120,000 direct materials used 72,000 actual25-07-2011
2BusinessGulick Company developed the following data for the current year: beginning work in process inventory $120,000 direct materials used 72,000 actual25-07-2011
2BusinessGulick Company developed the following data for the current year: beginning work in process inventory $120,000 direct materials used 72,000 actual25-07-2011
2Business Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplicat25-07-2011
2Business During 2010, Durham Manufacturing expected Job No. 51 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Durham applied25-07-2011
8Business The following are the historic returns for Chelle Computer Company. Year  Chelle Computer General Index   1 38.0% 16.0% 2 25-07-2011
7Business Based on five years of monthly data, you derive the following information for the companies listed:   Company ª25-07-2011
6Business Hughes Industries borrowed  $80,000 at 8% per year, compounded quarterly. It pays back the loan over three years in equal quarterly payment25-07-2011
4Business Suppose that you buy a stock for $48 by paying $25 and borrowing the remaining $23 from a brokerage firm at 8 percent annualized interest. The 25-07-2011
4.5Business Risk-Adjusted Return Measurements.  Assume the following information over a five-year period: • Average risk-free rate = 6% • Ave25-07-2011
3Business Giovanni Grimaldi runs a small tax preparation company. Giovanni makes over 80% of his money during the busy February 1-April 15 tax season; he 25-07-2011
1.5Business Which of the following sets of items would be included in calculating cash basis net income ? a. Unearned Revenue and Depreciation b25-07-2011
7Business Problem 7-5 Cleanburn Coal Company purchased coal-leasing land that contains 800,000 tons of coal for $21,700,000. Soil tests by geologist cost 25-07-2011
5Business DROP PRODUCT LINE  Chicago Paper Outlet (Chicago) expects the following results, without considering any of the changes described be25-07-2011
2.5Business Calculate the accounting break-even point for the following firm: revenues of $ 700,000, $ 100,000 fixed costs, $ 75,000 depreciation, 60% varia25-07-2011
2.5Business XACC 280 E3-3 Conan Industries collected $100,000 from customers in 2008. Of the amount collected, $25,000 was from XACC 280 E3-3 Week 325-07-2011
6Business Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herring25-07-2011
2Business ANSWER KEY  BE 5-2. Refer to the situation described in BE 5-1. How much gross profit will Apache recognize in both 2011 p. 274 BE 26-07-2011
2Business ANSWER KEY BE 5-4 Refer to the situation described in BE 5-1. What should be the balance in the deferred gross profit account BE 5-4 Inst26-07-2011
2.5Business ANSWER KEY BE 5-5 Meyer Furniture sells office furniture mainly to corporate clients. Customers who return merchandise Chapter5: Income Meas26-07-2011
2.5Business ANSWER KEY BE 5-7 Refer to the situation described in BE 5-6. During the first year the company billed its customer $7 BE 5-7 Percentage26-07-2011
2.5Business ANSWER KEY BE 5-8 Refer to the situation described in BE 5-6. The building was completed during the second year. Chapter5: Income Measur26-07-2011
1BusinessXacc 28027-07-2011
5Business ANSWER KEY BE 5-8 BE 5-9 Refer to the situation described in BE 5-6. The building was completed during the second year. Construction BE 5-8 28-07-2011
2Business BE 5-10 Percentage-of-completion and completed contract methods; loss on entire project Franklin Construction entered into a fixed-price cont28-07-2011
4Business ANSWER KEY  BE 5-14 Universal Calendar Company began the year with accounts receivable and inventory balances of BE 5-14 Receivables28-07-2011
3Business ANSWER KEY BE 5-17 During 2011, Rogue Corporation reported sales revenue of $600,000. Inventory at both the beginning and BE 5-17 Invento28-07-2011
7Business ANSWER KEY E5-2 Charter Corporation, which began business in 2011, appropriately uses the installment sales method of E 5-2 Installment 28-07-2011
5Business ANSWER KEY E 5-3 Charter Corporation, which began business in 2011, appropriately uses the installment sales method of p. 276 E 5-3 Inst28-07-2011
8Business ANSWER KEY E 5-4 On July 1, 2011, the Foster Company sold inventory to the Slate Corporation for $300,000. Terms of the E 5-4 Installment28-07-2011
7Business ANSWER KEY E 5-5 On July 1, 2011, the Foster Company sold inventory to the Slate Corporation for $300,000. Terms of the E 5-5 Journal en28-07-2011
3Business E 5-6 Wolf Computer Company began operations in 2011. The company allows customers to pay in E 5-6 Installment sales and cost recovery m28-07-2011
8Business ANSWER KEY E 5-9 Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,000,000. E 5-9 Long-term co28-07-2011
10Business ANSWER KEY E 5-10 On June 15, 2011, Sanderson Construction entered into a long-term construction contract to build E 5-10 Long-term con28-07-2011
8Business Bailey’s Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant.  The company produces three product01-08-2011
5Business 9. Car Loans (Hint: P/Y12) How much is a car loan with a payment of a. $164 per month for 4 years at 4% interest per year? b. $530 per mont01-08-2011
3.5BusinessBob’s Big Burgers is considering a proposal to invest in a speaker system that would allow its Problem 11-44 NPV, ARR, and Payback P11-44 Bob01-08-2011
5Business B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are currently paying 1.9 percent (with little risk – 1 percent). 01-08-2011
6Business ANSWER KEY E 5-14 In 2011, Long Construction Corporation began construction work under a three-year contract. The E 5-14 Percentage-of-co02-08-2011
4.5BusinessANSWER KEY E 5-15 Easywrite Software Company shipped software to a customer on July 1, 2011. The arrangement with the p. 279 E 5-15 Revenue 02-08-2011
3Business ANSWER KEY E 5-18 On October 1, 2011, the Submarine Sandwich Company entered into a franchise agreement with anE 5-18 Revenue recognition; fran02-08-2011
3Business ANSWER KEY  E 5-23 DuPont analysis This exercise is based on the Peabody Toys, Inc., data from Exercise 5-22. Required: 1.03-08-2011
3Business E 5-26 Shields Company is preparing its interim report for the second quarter ending June 30. The following   E 5-26 Interim financi03-08-2011
6Business ANSWER KEY Judgment Case 5-2 Revenue earned by a business enterprise is recognized for accounting purposes at different times,   Judgm03-08-2011
3Business ANSWER KEY E8-5 Several individuals operate the cash register using the same register drawer.   E8-5 Listed below are five procedures03-08-2011
4Business ANSWER KEY E8-7 James Hughes Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 103-08-2011
6Business ANSWER KEY E8-13 The June 30 bank reconciliation indicated that deposits in transit total $720. During July the general E8-13 The cash r03-08-2011
4BusinessE8-14 (a) Lipkus Company has recorded the following items in its financial records. Cash in bank $47,000 Cash in plant expansion fund 100,000 Ca03-08-2011
8Business ANSWER KEY P8-2A Winningham Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month perio03-08-2011
7Business ANSWER KEY P6-5A You are provided with the following information for Pavey Inc. for the month ended October 31, 2008. Pavey uses a periodic meth03-08-2011
9Business ANSWER KEY P 5-2 Ajax Company appropriately accounts for certain sales using the installment sales method. The perpetual   P 5-2 Inst08-08-2011
12Business ANSWER KEY P 5-5 P5-6 In 2011, the Westgate Construction Company entered into a contract to construct a road for Santa Clara P 5-5 Percen08-08-2011
9Business ANSWER KEY P 5-5 In 2011, the Westgate Construction Company entered into a contract to construct a road for Santa Clara P 5-5 Percentage-08-08-2011
7Business ANSWER KEY P 5-6  This is a variation of Problem 5-5 modified to focus on the completed contract method. P 5-6 Completed contract m08-08-2011
7Business ANSWER KEY P 5-8 Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod Associates on July P 5-8 Constructi08-08-2011
9Business ANSWER KEY P 5-9 Citation Builders, Inc., builds office buildings and single-family homes. The office buildings are P 5-9Long-term contrac08-08-2011
10Business ANSWER KEY P 5-12 Presented below are condensed financial statements adapted from those of two actual companies P 5-12 Use of ratios to c08-08-2011
10Business ANSWER KEY P 5-14 Presented below are condensed financial statements adapted from those of two actual companies P 5-14Compare two compani08-08-2011
4Business ANSWER KEY Research Case 5–6Long-term contract accounting An article published in Accounting Horizons describes the current accounting 08-08-2011
2Business ANSWER KEY BE 19-1 First Link Services granted 8 million of its $1 par common shares to executives, subject to BE 19-1 Restricted stock award 10-08-2011
2Business BE 19-6 On October 1, 2011, Farmer Fabrication issued stock options for 100,000 shares to a division manager. BE 19-6 Performance-based 10-08-2011
2.5Business ANSWER KEY BE 19-7 Refer to the situation described in BE 19-6. Suppose that after one year, Farmer estimates that it BE 19-7 Performance10-08-2011
4Business ANSWER KEY BE 19-8 Refer to the situation described in BE 19-6. Suppose that Farmer initially estimates that it is not probable BE 19-8 P10-08-2011
6Business ANSWER KEY Brief Exercise 19-6 19-7 19-8 On October 1, 2011, Farmer Fabrication issued BE 19-6 On October 1, 2011, Farmer Fabrication issued stoc10-08-2011
3.5Business ANSWER KEY BE 19-11 At December 31, 2010 and 2011, Funk & Noble Corporation had outstanding 820 million shares of BE 19-11 EPS; noncon10-08-2011
3Business ANSWER KEY BE 19-12 Fully vested incentive stock options exercisable at $50 per share to obtain 24,000 shares of BE 19-12 EPS; stock options 11-08-2011
5Business ANSWER KEY BE 19-14 Niles Company granted 9 million of its no par common shares to executives, subject to forfeiture BE 19-14 EPS; restricted 11-08-2011
3Business ANSWER KEY E 19-1 Allied Paper Products, Inc. offers a restricted stock award plan to its vice presidents. On January p. 1114 E 19-1 Rest11-08-2011
4Business ANSWER KEY E 19-2 On January 1, 2011, VKI Corporation awarded 12 million of its $1 par common shares to key E 19-2 Restricted stock award13-08-2011
3Business ANSWER KEY E 19-3 Kmart Holding Co. included the following disclosure note in an annual report: E 19-3 Restricted stock award; Kmart 13-08-2011
4Business ANSWER KEY E 19-4 Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. E 19-4 Restricted stock aw13-08-2011
5Business E 19-7 Walters Audio Visual Inc. offers an incentive stock option plan to its regional managers. On January 1, ANSWER KEY E 19-7 Stock o14-08-2011
6Business E 19-11 The Alford Group had 202,000 shares of common stock outstanding at January 1, 2011. The following p. 1116 E 19-11 EPS; treasury s14-08-2011
5BusinessQuestion Accounting as a form of communication  22-04-2012
5BusinessYou are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% annual coupon and a 30 year or16-08-2011
6Business PHN Foods granted 18 million of its no par common shares to executives, subject to forfeiture if E 19-21 Record restricted stock; effect 17-08-2011
5Business Listed below are several terms and phrases associated with earnings per share. Pair each item ANSWER KEY E 19-24 EPS; concepts; terminology 17-08-2011
6Business As part of its stock-based compensation package, International Electronics granted 24 million stock E 19-27 International Electronics 17-08-2011
6Business As part of its stock-based compensation package, International Electronics granted 24 million stock E 19-28 Stock appreciation rights; ca17-08-2011
7Business Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive P 19-2 Stock options; graded vestin17-08-2011
8Business Refer to the situation described in Problem 19-2. Assume Pastner measures the fair value of all options on ANSWER KEY P 19-3 Stock option17-08-2011
6Business Refer to the situation described in Problem 19-2. Assume Pastner prepares its financial statements using ANSWER KEY P 19-4 Stock options17-08-2011
7Business Walters Audio Visual, Inc., offers a stock option plan to its regional managers. On January 1, 2011, ANSWER KEY P 19-6 Stock option plan;17-08-2011
6Business LCI Cable Company grants 1 million performance stock options to key executives at January 1, P 19-8 Performance option plan P 19-817-08-2011
7Business The bank portion of the bank reconciliation for Backhaus Company at November 30, 2008, was as follows.P8-4A The bank portion of the bank reconci19-08-2011
2Business Job-costing may only be used by  _______ A) service companies B) merchandising companies C) manufacturing companies D) All of t19-08-2011
5Business Steiner recliner purchased a delivery truck at the beginning of 2008. The truck cost $17,500 and is expected to last 5 years. Assume the truck h19-08-2011
7Business Analysis Case 6-2 Sally Hamilton has performed well as the chief financial officer of the Maxtech Computer Company andANSWER KEY Analysis Case 20-08-2011
4Business E 6-1 Determine the future value of the following single amounts: E 6-1 Future value; single amount Determine the future value of the20-08-2011
3.5Business E 6-2 Determine the future value of $10,000 under each of the following sets of assumptions: ANSWER KEY E 6-2 Future value; single amoun20-08-2011
4Business E 6-3 Determine the present value of the following single amounts: ANSWER KEY E 6-3 Present value; single amount Determine the pres20-08-2011
3Business Determine the combined present value as of December 31, 2011, of the following four payments to be ANSWER KEY E 6-4 Present value; multip20-08-2011
2Business The Field Detergent Company sold merchandise to the Abel Company on June 30, 2011. Payment was ANSWER KEY E 6-5 Noninterest-bearing note;20-08-2011
5Business For each of the following situations involving single amounts, solve for the unknown (?). Assume that ANSWER KEY E 6-6 Solving for unknow20-08-2011
5Business  Using the appropriate present value table and assuming a 12% annual interest rate, determine the present  ANSWER KEY E 6-8 Present 20-08-2011
6Business  For each of the following situations involving annuities, solve for the unknown (?). Assume that interest ANSWER KEY E 6-9 Solving f20-08-2011
4Business E 6-11 Answer each of the following independent questions E 6-11 Future and present value E 6-11  Answer each of the following 20-08-2011
4Business Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2011. Payment was ANSWER KEY E 6-12 Deferred annuities E 20-08-2011
1.5Business Don James purchased a new automobile for $20,000. Don made a cash down payment of $5,000 and ANSWER KEY E 6-13 Solving for unknown annuit20-08-2011
1.5Business Lang Warehouses borrowed $100,000 from a bank and signed a note requiring 20 annual payments of ANSWER KEY E 6-14 Solving for unknown inte20-08-2011
4Business  On April 1, 2011, John Vaughn purchased appliances from the Acme Appliance Company for $1,200. In ANSWER KEY E 6-16 Deferred annuit21-08-2011
4Business On September 30, 2011, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of ANSWER KEY E 6-17 Price of a bond 21-08-2011
4.5Business On June 30, 2011, Singleton Computers issued 6% stated rate bonds with a face amount of $200 million. ANSWER KEY E 6-18 Price of a bond; 21-08-2011
3Business On June 30, 2011, Fly-By-Night Airlines leased a jumbo jet from Boeing Corporation. The terms of the E 6-19 Lease payments E 6-19&nb21-08-2011
2Business On March 31, 2011, Southwest Gas leased equipment from a supplier and agreed to pay $200,000 ANSWER KEY E 6-20 Lease payments; solve for 21-08-2011
6Business Listed below are several terms and phrases associated with concepts discussed in the chapter. Pair each E 6-21 Concepts; terminology 21-08-2011
5Business Hughes Corporation is considering replacing a machine used in the manufacturing process with a new, Judgment Case 6-5 Replacement decisio21-08-2011
7Business Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types ANSWER KEY P 6-1 Analysis of altern21-08-2011
6Business Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently. ANSWER K21-08-2011
7Business You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held ANSWER KEY Ethics Case 7-4 Uncoll21-08-2011
7Business Ethics Case 7-4 You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held ANSWER KEY Ethics Ca21-08-2011
7Business Ethics Case 7-4 You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held  ANSWER KEY Ethi21-08-2011
10Business Financial institutions have developed a wide variety of methods for companies to use their receivables to ANSWER KEY Analysis Case 7-8 Fi22-08-2011
5Business Communication Case 7–2 You have been hired as a consultant by a parts manufacturing firm to provide advice as to the proper Communicati22-08-2011
4Business E 7-6 [This is a variation of Exercise 7-5 modified to focus on the net method of accounting for cash discounts.] ANSWER KEY E 7-6 Cash di22-08-2011
9Business Ethics Case 7-4 You have recently been hired as the assistant controller for Stanton Industries, a large, publicly held ANSWER KEY Ethics22-08-2011
5Business Magrath Company has an operating cycle of less than one year and provides credit terms for all of its Judgment Case 7-1 Accounts and note22-08-2011
5Business Harding Company is in the process of purchasing several large pieces of equipment from Danning P 6-3 Analysis of alternatives P 622-08-2011
5Business John Wiggins is contemplating the purchase of a small restaurant. The purchase price listed by the seller ANSWER KEY P 6-4 Investment ana22-08-2011
7Business On January 1, 2011, the Montgomery company agreed to purchase a building by making six payments.  P 6-8 Deferred annuities P 6-22-08-2011
7Business John Roberts is 55 years old and has been asked to accept early retirement from his company. The P 6-9 Deferred annuities P 6-9 J22-08-2011
4Business P 6-10 On January 1, 2011, The Barrett Company purchased merchandise from a supplier. Payment was a P 6-10 Noninterest-bearing note; ann22-08-2011
7Business Benning Manufacturing Company is negotiating with a customer for the lease of a large machineANSWER KEY p. 333 P 6-11 Solving for unknown22-08-2011
6Business P 6-12 Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured ANSWER KEY P 6-12 Solvi23-08-2011
5Business Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. ANSWER KEY P 6-13 Lease vs. buy alternat23-08-2011
10Business Three employees of the Horizon Distributing Company will receive annual pension payments from the ANSWER KEY P 6-14 Deferred annuities; p23-08-2011
6Business ANSWER KEY Real World Case 6-7  Southwest Airlines provides scheduled air transportation services in the United States. Like many R23-08-2011
2.5Business BE 6-1 Fran Smith has two investment opportunities. The interest rate for both investments ANSWER KEY BE 6-1 Simple versus compound interest F23-08-2011
1.5Business 6-3 Future value; solving for unknown; single amount Refer to the situation described in BE 6-2. Assume that the trip will cost $26,600. Wha23-08-2011
2Business 6-4 John has an investment opportunity that promises to pay him $16,000 in four years. He could earn a 6% ANSWER KEY 6-4 Present value; s23-08-2011
1.5Business ANSWER KEY BE 6-5 Present value; solving for unknown; single amount Refer to the situation described in BE 6-4. Suppose the opportunity requ23-08-2011
2Business Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already BE 6-6 Future value; ordinary annu23-08-2011
1.5Business BE 6-7 Future value; annuity due Refer to the situation described in BE 6-6. How much will Leslie accumulate in three years by depositing $23-08-2011
1.5Business BE 6-8 Present value; ordinary annuity. Canliss Mining Company borrowed money from a local bank. The note the company signed requires five 23-08-2011
1.5Business BE 6-9 Present value; annuity due Refer to the situation described in BE 6-8. What amount did Canliss borrow assuming that the first $10,0023-08-2011
3.5Business ANSWER KEY 6-10 Deferred annuity. Refer to the situation described in BE 6-8. What amount did Canliss borrow assuming that the first of the five 23-08-2011
1.5Business BE 6-11 Solve for unknown; annuity. Kingsley Toyota borrowed $100,000 from a local bank. The loan requires Kingsley to pay 10 equal annual insta23-08-2011
3Business ANSWER KEY BE 6-12 Price of a bond. On December 31, 2011, Interlink Communications issued 6% stated rate bonds with a face amount of $100 millio23-08-2011
1.5Business BE 6-13 Lease payment. On September 30, 2011, Ferguson Imports leased a warehouse. Terms of the lease require Ferguson to make 10 annual lease p23-08-2011
6Business Communication Case 8-4 LIFO versus FIFO You have just been hired as a consultant to Tangier Industries, a newly formed company. The company 23-08-2011
3Business Communication Case 8-5 LIFO versus FIFO. An accounting intern for a local CPA firm was reviewing the financial statements of a client in the 23-08-2011
7Business P 11-3 Depreciation methods [This problem is a continuation of Problem 10-3 in Chapter 10 focusing on depreciation.]P 11-3 Depreciation methods 23-08-2011
7Business P 11-4 On April 1, 2009, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $48,000, has an eigh23-08-2011
15Business P 11-7  Depletion; change in estimate In 2011, the Marion Company purchased land containing a mineral mine for $1,600,000. Additional costs23-08-2011
7Business P 11-8 The following information concerns the intangible assets of Epstein Corporation:ANSWER KEY P 11-8 Amortization Chapter11: Property23-08-2011
5Business E 8-3 Askew Company uses a periodic inventory system. The June 30, 2011, year-end trial balance for the company contained the following informat24-08-2011
7Business E 8-4 The following information is available for the Johnson Corporation for 2011. ANSWER KEY E 8-4 Perpetual and periodic inventory systems c24-08-2011
6Business E 8-9 On July 15, 2011, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sale were 2/10, n/324-08-2011
4Business E 8-10 On July 15, 2011, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each. The terms of the sale were 2/10, n/24-08-2011
7Business E 8-11 Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2011. The units have a list price of24-08-2011
10Business P7-14 Ernie Griffin just purchased a 5-year zero coupon corporate bond for $680.60 and plans to 25-08-2011
9Business E 8-13 Altira Corporation uses a periodic inventory system. The following information related to its merchandise inventory during the month of 25-08-2011
10Business E 8-14 Altira Corporation uses a perpetual inventory system. The following transactions affected its merchandise inventory during the month of A25-08-2011
6Business E 8-17 Causwell Company began 2011 with 10,000 units of inventory on hand. The cost of each unit was $5.00.E 8-17 FIFO, LIFO, and average cost 26-08-2011
4.5Business E 8-19 LIFO liquidation. The Reuschel Company began 2011 with inventory of 10,000 units at a cost of $7 per unit. During 2011, The Reusc26-08-2011
7Business E 8-23 Mercury Company has only one inventory pool. On December 31, 2011, Mercury adopted the dollar-value LIFO inventory method. The inventory 26-08-2011
6Business E 8-24 Listed below are several terms and phrases associated with inventory measurement. Pair each item from List A with the item from List B (26-08-2011
1BusinessI want some financial calculation for my Tax submissions and savings. How can i do that?27-08-2011
1Business E 8-20 FASB codification research   The FASB Accounting Standards Codification represents the single source of authoritative U.S27-08-2011
5BusinessE 8-20 FASB codification research   The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally ac27-08-2011
6BusinessE 8-22 Dollar-value LIFO   Chapter8: Inventories: Measurement   On January 1, 2011, the Haskins Company adopted the dollar-value LIFO me27-08-2011
4.5BusinessE 8-21 Ratio analysis; Home Depot and Lowe's. Real World Financials   Chapter8: Inventories: Measurement   The table below contains sele27-08-2011
20BusinessManagerial Accounting   Case 3 (Cost Allocation Concepts) El Paso Medical Center focuses not on the mechanics of cost allocation, but rather o27-08-2011
12Business P 11-9 The property, plant, and equipment section of the Jasper Company's December 31, 2010, balance sheet contained the following: ANS27-08-2011
10Business P 11-11 Error correction; change in depreciation method   Collins Corporation purchased office equipment at the beginning of 2009 and27-08-2011
9BusinessP 11-12 At the beginning of 2009, Metatec Inc. acquired Ellison Technology Corporation for $600 million. In addition to cash, receivables, and invento27-08-2011
10BusinessP 11-13 On May 1, 2011, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mex29-08-2011
3BusinessAnalysis Case 11-16. Refer to the financial statements and related disclosure notes of Dell in Appendix B located at the back of the text.   An29-08-2011
4Businessp. 613 Communication Case 11-2 Depreciation. At a recent luncheon, you were seated next to Mr. Hopkins, the president of a local company that manufact29-08-2011
2.5BusinessCommunication Case 11-6. 1. Each group member should deliberate the situation independently and draft a tentative argument prior to the class session 29-08-2011
9BusinessEthics Case 11-10.  At the beginning of 2009, the Healthy Life Food Company purchased equipment for $42 million to be used in the manufactur29-08-2011
5BusinessJudgment Case 11-3. Portland Co. uses the straight-line depreciation method for depreciable assets. All assets are depreciated individually except man29-08-2011
3.5BusinessJudgment Case 11-4 At the beginning of the year, Patrick Company acquired a computer to be used in its operations. The computer was delivered by the s29-08-2011
3Business Judgment Case 11-8. There are various types of accounting changes, each of which is required to be reported differently. ANSWER KEY Judgment Cas30-08-2011
5Business Judgment Case 11-11. Companies often are under pressure to meet or beat Wall Street earnings projections in order to increase stock prices and a30-08-2011
5Business Judgment Case 11-12. The Cummings Company charged various expenditures made during 2011 to an account called repairs and ANSWER KEY Judgment Cas30-08-2011
6Business Real World Case 11-14. EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing30-08-2011
9Business Research Case 11-9 FASB. The company controller, Barry Melrose, has asked for your help in interpreting the authoritative accounting literature 30-08-2011
9Business E 11-1. On January 1, 2011, the Excel Delivery Company purchased a delivery van for $33,000. At the end of its ANSWER KEY E 11-1 Depreciation me30-08-2011
7Business E 11-2. On January 1, 2011, the Allegheny Corporation purchased machinery for $115,000. ANSWER KEY E 11-2 Depreciation methods On January 30-08-2011
9Business E 11-3. On October 1, 2011, the Allegheny Corporation purchased machinery for $115,000. The estimated service ANSWER KEY E 11-3 Depreciation met30-08-2011
4Business E 11-4. Funseth Company purchased a five-story office building on January 1, 2009, at a cost of $5,000,000. The ANSWER KEY E 11-4 Depreciation m30-08-2011
7Business E 11-5. For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation E 11-5 Depreciation metho30-08-2011
6Business E 11-6. On April 29, 2011, Quality Appliances purchased equipment for $260,000. The estimated service life of the equipment is six years and the30-08-2011
5Business E 11-7 On June 30, 2011, Rosetta Granite purchased a machine for $120,000. The estimated useful life of the ANSWER KEY E 11-7 IFRS; depreciation30-08-2011
6Business E 11-8 IFRS. Dower Corporation prepares its financial statements according to IFRS. On March 31, 2011, the company ANSWER KEY E 11-8 IFRS; reval30-08-2011
7Business E 11-9 Highsmith Rental Company purchased an apartment building early in 2011. There are 20 apartments in the ANSWER KEY E 11-9 Group depreciati30-08-2011
7Business E 11-10. On January 2, 2011, the Jackson Company purchased equipment to be used in its manufacturing process. ANSWER KEY E 11-10 Double-declinin30-08-2011
3.5Business E 11-11 On April 17, 2011, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price ANSWER KEY E 11-11 Depletion 30-08-2011
3Business E 11-12 At the beginning of 2011, Terra Lumber Company purchased a timber tract from Boise Cantor for E 11-12 Depreciation and depletion. At30-08-2011
7Business E 11-13 Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,000,000 in ANSWER KEY E 11-13 Cost of a natural re30-08-2011
9Business E 11-14. Janes Company provided the following information on intangible assets:p. 601 E 11-14 Amortization ANSWER KEY E 11-14 Amortizatio30-08-2011
7Business 11-15 On January 2, 2011, David Corporation purchased a patent for $500,000. The remaining legal life is 12 years, 11-15 Patent amortization; pa30-08-2011
4Business E 11-16 Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized E 11-16 Change in estimate; usef30-08-2011
10BusinessA1. (Coverage ratio) A firm’s latest 12 months’ EBIT is $30 million, and its interest expense for the same period is $10 million. Calculate the in31-08-2011
20BusinessW3 BA 225 Assignment Application Problems 3   Page 120: Brief Exercises 3-7 and 3-9 BE3-7 Trek Company has the following production data for A24-11-2015
3BusinessE 11-17 Saint John Corporation prepares its financial statements according to IFRS   ANSWER KEY E 11-17 IFRS; revaluation of patent; amortizati07-09-2011
5BusinessE 11-18 Wardell Company purchased a minicomputer on January 1, 2009, at a cost of $40,000.   ANSWER KEY  E 11-18 Change in estimate; 07-09-2011
4.5BusinessE 11-19 Alteran Corporation purchased a machine for $1.5 million in 2008. The machine is being depreciated over a 10-year life using the sum-of-the-ye07-09-2011
5BusinessE 11-20 For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the be07-09-2011
6BusinessE 11-21 In 2011, internal auditors discovered that PKE Displays, Inc., had debited an expense account for the $350,000 cost of a machine purchased on 07-09-2011
3BusinessE 11-22 Chadwick Enterprises, Inc., operates several restaurants throughout the Midwest.   ANSWER KEY E 11-22 Impairment; property, plant, and 07-09-2011
5BusinessE 11-23 How might your solution differ if Chadwick Enterprises, Inc., prepares its financial statements according to International Accounting Standard07-09-2011
6BusinessE 11-24 General Optic Corporation operates a manufacturing plant in Arizona.   E 11-24 Impairment; property, plant, and equipment.   p.07-09-2011
3BusinessE 11-25. In 2009, Alliant Corporation acquired Centerpoint Inc. for $300 million, of which $50 million was allocated to goodwill.   E 11-25 Imp07-09-2011
2.5BusinessE 11-26 Refer to the situation described in E 11-25. Alliant prepares its financial statements   ANSWER KEY E 11-26 IFRS; impairment; goodwill07-09-2011
5BusinessE 11-27 On May 28, 2011, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc.,   ANSWER KEY E 11-27 Goodwill valuatio07-09-2011
5BusinessE 11-28 The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles.  07-09-2011
7BusinessE 11-29 Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for each of the following i07-09-2011
3.5BusinessE 11-30 Belltone Company made the following expenditures related to its 10-year-old manufacturing facility   ANSWER KEY E 11-30 Subsequent expe07-09-2011
5BusinessE 11-31 On September 30, 2009, Leeds LTD. acquired at patent in conjunction with the   ANSWER KEY E 11-31 IFRS; amortization; cost to defend a07-09-2011
8BusinessE 11-32 Howarth Manufacturing Company purchased a lathe on June 30, 2007, at a cost of $80,000   E 11-32 Depreciation methods; disposal; Chapte07-09-2011
6BusinessE 11-33  Listed below are several items and phrases associated with depreciation, depletion, and amortization. Pair each item from List A with th07-09-2011
6BusinessE 11-34 Cadillac Construction Company uses the retirement method to determine depreciation on its small tools.   ANSWER KEY E 11-34 Retirement 07-09-2011
2BusinessBE 11-1. At the beginning of its fiscal year, Koeplin Corporation purchased a machine for $50,000.   BE 11-1 Cost allocation   At t07-09-2011
5BusinessBE 11-2 On January 1, 2011, Canseco Plumbing Fixtures purchased equipment for $30,000.   ANSWER KEY BE 11-2 Depreciation methods   On J07-09-2011
5BusinessBE 11-3 Refer to the situation described in BE 11-2. Assume the machine was purchased on March 31, 2011, instead of January 1.   BE 11-3 Deprec07-09-2011
3.5BusinessBE 11-4 Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2011 totaled $425,000.   BE 11-4 Gr07-09-2011
2BusinessBE 11-5 Fitzgerald Oil and Gas incurred costs of $8.25 million for the acquisition and development of a natural gas deposit.   p. 597 BE 11-5 D07-09-2011
3.5BusinessBE 11-6 On June 28 Lexicon Corporation acquired 100% of the common stock of Gulf & Eastern.   ANSWER JEY BE 11-6 Amortization   07-09-2011
3Business  BE 11-7 At the beginning of 2009, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was alloca08-09-2011
5BusinessBE 11-8. Refer to the situation described in BE 11-7. Assume that instead of changing the useful life and residual value, in 2011   ANSWER KEY08-09-2011
3.5BusinessBE 11-9 Refer to the situation described in BE 11-7. Assume that 2009 depreciation was incorrectly recorded as $32,000.   ANSWER KEY BE 11-9 Er08-09-2011
1BusinessBE 11-10 Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division.   ANSWER KEY BE 1108-09-2011
2BusinessBE 11-11 Refer to the situation described in BE 11-10. Assume that the sum of estimated future cash flows is $24 million instead of $28 million  08-09-2011
2.5BusinessBE 11-12 Refer to the situation described in BE 11-10. Assume that the present value of the   ANSWER KEY BE 11-12 IFRS; impairment; property, 08-09-2011
3.5BusinessBE 11-13 WebHelper Inc. acquired 100% of the outstanding stock of Silicon Chips Corporation (SCC) for $45 million, of which $15 million was allocated 08-09-2011
2BusinessBE 12-1 Management has the positive intent and ability to hold the bonds until maturity.   ANSWER KEY BE 12-1 Securities held-to-maturity; bond08-09-2011
3BusinessBE 12-2 S&L Financial buys and sells securities expecting to earn profits on short-term differences in price.   ANSWER KEY BE 12-2 Trading 08-09-2011
4BusinessBE 12-3 S&L Financial buys and sells securities which it classifies as available-for-sale. On December 27, 2011,   ANSWER KEY BE 12-3 Avail08-09-2011
7BusinessP 12-1 Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2011.   p. 08-09-2011
7BusinessP 12-2 Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $80 million of 8% bonds, dated January 1, on January 1, 2011.   AN08-09-2011
7BusinessP 12-3 Fuzzy Monkey Technologies, Inc., (Note: This problem is a variation of Problem 12-1, modified to categorize the investment as securities availa08-09-2011
7BusinessP 12-4 Fuzzy Monkey Technologies, Inc [This problem is a variation of Problem 12-3, modified to cause the investment to be accounted for under the fai08-09-2011
13BusinessP 12-5 The following selected transactions relate to investment activities of Ornamental Insulation Corporation.   ANSWER KEY p. 680 P 12-5 Var08-09-2011
9BusinessP 12-6 American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price.   ANSWER KEY P 12-608-09-2011
10BusinessP 12-7 Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division.   ANSWER KEY P 12-08-09-2011
8BusinessP 12-8 At December 31, 2011, the investments in securities available-for-sale of Beale Developments were reported at $78 million   P 12-8 Secur08-09-2011
9BusinessP 12-9 On January 4, 2011, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling Company common stock.   ANSWER KEY P 12-9&n08-09-2011
5BusinessP 12-10 [This problem is a variation of Problem 12-9 focusing on the fair value option.]   ANSWER KEY P 12-10 Fair value option; equity method08-09-2011
10BusinessP 12-11On January 4, 2011, Runyan Bakery. [This problem is an expanded version of Problem 12-10 that considers alternative ways in which   ANS08-09-2011
8BusinessP 12-12 Northwest Paperboard Company, a paper and allied products manufacturer, was seeking to gain a foothold in Canada.   ANSWER KEY P 12-1209-09-2011
8BusinessP 12-13 On January 2, 2011, Miller Properties paid $19 million for 1 million shares of Marlon Company's 6 million outstanding common shares.   09-09-2011