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8367 1. (TCO A) A corporation has which of the following advantages? (Points : 5) $50
8361 ACC Week 5 Assignment Question 1 $30
8359 1.  If the one-year spot rate is 5% (R1) (APR) and Two-year spot rate is 5.5% (R2) (APR) calculate the one-yea $40
8358 1. If 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 $30
8355 Complete the following problem sets in Ch. 7 and Appendix E of Financial Accounting:BYP7‑2The financial statements $12
8314 TCO A) An advantage of the corporate form of business is _____. (Points : 5) it is simple to establish th $40
8237 Alpha Corporation purchased equipment in 2005 for $120,000 and estimated a $12,000 residual value at the end of the equ $4
8179 QuestionCapital Structure – 8 Finance Questions 1) The corporate treasurer of Ajax Company expects the company to grow a $20
8178 Chapter 13 Quiz   1)     How a firm raises capital depends a great deal on which o $10
8177 Question 1 The 8 percent coupon bonds of the Peterson Co. are selling for 98 percent of par value. The bonds mature in 5 $25
8174 Calculate using excel Problem Assignments: Week 8   Assigned Problems   1 Ann Page Co. … fi $8
8173 Calculate using excel Problem Assignments: Week 8   Assigned Problems   1 Ann Page Co. … fi $8
8162   Question 4 Trigen Corp. management will invest cash flows of $905,963, $529,350, $1,038,985, $818,400 $12
8143 5) A corporate bond has a face value of $1,000 and an annual coupon interest rate of 7%. Interest is paid annually $2
8140 1) A common stock sells for $82 per share, has a growth rate of 7% and a dividend that just paid of $3.82 . What is the $4
8064 E8-13 Inventory cost flow methods; periodic system Altira Corporation uses a periodic inventory system.  $25
8063 ASHFORD ACC305 WEEK 4 E8-13, E8-14, E8-18, P8-5, E9-19, E9-21, and P9-1    ACC305 Intermediate Ac $40
8060   Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead co $12
8045 Part 11. General Product, Inc., shipped 100 million coupons in products it sold in 2011. The coupons are redeemable for $70
8042 Acc 561 wiley plus week 4 E15-5, E16-3, E17-1 E15-5 Duggan Company applies manufacturing overhead to jobs on the basis o $12
7919 Endicott Enterprises Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon r $2
7918 The Cougar Corporation has issued 20 year semi- annual coupon bonds with a face value of $1,000. If the annual coup $2
7214 General Weapons, Inc. (Comprehensive time value of money)   Mr. Rambo, President of General Weapons, I $10
7213 E11-3 E11-11 P11-3A Week 7 assignment - EXCEL TEMPLATE   Compute target cost and cost-plus pricing. (S $15
7209 Today is January 1, 2013. As of today, Everest International’s (EI) capital structure is comprised of common equit $12
7208 P12-18 Blueline tours, Inc., operates tours throughout the United States. A study has indicated that some of the t $6
7207 Using the expectations hypothesis theory for the term structure of interest rates, determine the expected return f $2
7206 Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sol $4
7205 Winfrey Diet Food Corp. has $4,900,000 in assets.  Temporary current assets $ $3
7185 E9-6 E9-11 P9-1A P9-5A Week 5 Assignment Template Week 5 Assignment Template - Accounting E9-6 Use incremen $20
7184 E7-13 P7-1A P8-1A week 4 assignment templates  week 4 assignment templates Accounting  E7-13 Pink $20
7181 E5-16  P5-1A E6-4 P6-2A   Week 3 assignment - finance  Prepare a cost $15
7175 P21-5 Comparative balance sheets for 2013 and 2012 and a statement of income for 2013 are given below for Metagrob $8
7174 P21-4 The comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for Du $7
7173 P21-2 The comparative balance sheets for 2013 and 2012 and the statement of income for 2013 are given below for Wr $7
7172 Beta and required return  - You have observed the following returns over time: Year $7
7171 Dividend Per Share Calculation - Simple Moves Corporation just paid a dividend of $1.50 a share (i.e. D0 = $1.50). $5
7170 Stock valuation - What will be the nominal rate of return on a preferred stock with a $100 par value, a state $3.5
7169 Dividend discount model - Celtic Jewelry Designs has experienced recent growth, which is expected to continu $3
7168 Interest-rate risk - Radiologic Technologies has several bond issues on The New York Stock Exchange. With ide $8
7167 (Stock valuation - A company in your portfolio, Sears, has a perpetual preferred stock (non-maturing) currentl $2.5
7166 Bond valuation - Eagle Ventures has a bond issue outstanding with an annual coupon rate of 7 percent and 4 ye $5
7165 Constant growth model - Your firm is considering an investment in the common stock of Bob’s Kite Corporation $3
7164 Valuation a preferred stock - Susie’s Pet Supplies issued preferred stock with a state dividend of 10 percent $4
7040 Tranter, Inc., is considering a project that would have a ten-year life and would require a $1,500,000 investment $5
7039 E20-18 Indicate with the appropriate letter the nature of each situation described below   E20-18 Clas $4
7038 The shareholders' equity of Tru Corporation includes $600,000 of $1 par common stock and $1,200,000 of 6% cumulati $3
7037 E20-17Wardell Company purchased a mini computer on January 1, 2011, at a cost of $40,000.   E20-17 Chang $4
7036 E10-2 Trudy Company incurred the following costs. 1. Sales tax on factory machinery purchased $5,000 2. Painting o $3
7035 E20-16 The Peridot Company purchased machinery on January 2, 2011, for $800,000. A five-year life was estimated an $3
7034 The following data was provided by Truxton Corporation: Sales 10,000 units Selling price $30 per unit Contribution marg $6
7033 E20-15 Bronson Industries reported a deferred tax liability of $8 million for the year ended December 31, 2012 $3
7032 How would you calculate the accounts receivable turnover ratio for 2005 based on the following info: December 31 $2
7031 E20-14 Woodmier Lawn Products introduced a new line of commercial sprinklers in 2012 that carry a one-year warrant $3
7030 Two bonds have identical times to maturity and coupon rates. One is callable at 105, the other at 110. Which should hav $2
7029 E20-13 The Commonwealth of Virginia filed suit in October 2011, against Northern Timber Corporation seeking civil $2
7028 Two companies that have been competitors for many years recently decided to quit fighting each other and merge int $10
7027 E20-12 Dreighton Engineering Group receives royalties on a technical manual written by two of its engineers and so $3
7026 Two projects have the following NPVs and standard deviations:     Project A $2
7025 E20-11 The Canliss Milling Company purchased machinery on January 2, 2011, for $800,000. A five-year life was esti $5
7024 Calgon Products, a distributor of organic beverages, needs a cash budget for September. The following information $5
7023 Crydon, Inc., manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for $8
7022 The following data relate to the operations of Picanuy Corporation, a wholesale distributor of consumer goods: Cur $10
7021 Florida Car Wash is considering a new project whose data are shown below. The equipment to be used has a 3-year ta $4
7020 Temple Corp. is considering a new project whose data are shown below. The equipment that would be used has a 3-yea $3
7004 E20-10 For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for co $4
7003 E8-1 Twyla Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufac $3.5
7002 E20-9 Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax pur $4
7001 Your division is considering two projects with the following net cash flows. Project A 0= -$25 1= $5 2= $10 3= $17 $8
7000 E20-8 Moulton Foods has always used the FIFO inventory costing method for both financial reporting and tax purpose $4
6999 E9-9 Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so $3
6998 E20-7 The Long Island Construction Company has used the completed contract method of accounting for construction c $6
6997 B9. (Estimating the WACC) Fuerst Cola has 10,000 bonds and 400,000 shares outstanding. The bonds Corporate Fi $6
6996 E20-6 Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific ci $4
6995 The management of Furrow Corporation is considering dropping product L07E. Data from the company's accounting syst $3
6994 E20-5 Companies often invest in the common stock of other corporations. The way we report these investments depend $2
6993 You have developed the following income statement for the Hugo Boss Corporation. It represents the most recent yea $5
6992 E20-4 The Trump Companies, Inc., has ownership interests in several public companies. At the beginning of 2011, th $2.5
6991 The following historical data for a proxy firm is similar to the firm evaluated,   Calculate the beta an $5
6990 E20-3 In keeping with a modernization of corporate statutes in its home state, UMC Corporation decided in 2011 to $3
6989 P6-7BB Ernst Equipment Co. wants to prepare interim financial statements for the first quarter   Acc255 $3
6988 E20-2 Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO meth $3
6987 Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7 $2
6986 E20-1 During 2009 (its first year of operations) and 2010, Batali Foods used the FIFO inventory costing method for $6
6889 A manufacturing company is thinking of launching a new product. The company expects to sell $950,000 of the new pr $8
6888 13-2 (Flotation cost and issue size) Your firm needs to raise $10million. Assuming that flotation costs are expected to $3
6887 13-1 (Dividend Policies) Final earnings estimates for Chilean Health Spa& fitness center have been prepared fo $5
6886 3-21 CVP analysis, income taxes. Diego Motors is a small car dealership. On average, it sells a car for $25,000, w $4
6884 P3-1 Regal Polish manufactures a single product in one department and uses a process costing system.   P $5
6883 P10-5 James Secretarial Services is considering the purchase of one of two new personal computers, P and Q. P10- $3
6882 The bookkeeper for the Olson Company prepared the following income statement and retained earnings statement for t $5
6881 Calculate the net present value and profitability index of a project with a net investment of $20,000 and expected $3
6880 Kendra’s Company standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour $5
6879 Assume the local DHL delivery service hub has the following information available about fleet miles and operating c $4
6878 Gruner Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 20, $4
6877 E3-7 The balance in beginning Work in Process at Bing Rubber Company for direct labor was $140,000.   E3 $2
6876 E3-4 Corrected Trial Balance. The trial balance of Watteau Co. (shown on the next page) does not balance. E3-4 $2
6875 E3-4 Physical Flow of Units [LO 1] In each case below, fill in the missing amount.   Case #1 Work in Pr $4
6874 E 2-12. Allocating Manufacturing Overhead to Jobs [LO 6, 7] Webber Fabricating estimated the following annual costs $3
6873 E16-16 (EPS: Simple Capital Structure) On January 1, 2010, Chang Corp. had 480,000 shares of common stock outstand $6
6872 E3-2 (Corrected Trial Balance) The trial balance of Wanda Landowska Company (shown on the next page) does not bala $2
6871 E3-1 (Transaction Analysis—Service Company) Beverly Crusher is a licensed CPA. During the first month of operations $3
6870 E9-4 Pletcher Company produces and sells automobile batteries, the heavy-duty HD-240. The 2011 sales budget is as $2
6861 Considered the following information for three stocks, stocks, XY&Z. The returns on the three stocks are positiv $5
6860 Assignment 7.1: Warm-Up Exercises, Chapter 8, Set 1 E8-1 An analyst predicted last year that the stock of Lo $10
6859 E10-5 Cooper Electronics uses NPV profiles to visually evaluate competing projects.  E10-5 Cooper Electronics uses $7
6858 E10-4 Billabong Tech uses the internal rate of return (IRR) to select projects. E10-4 Billabong Tech uses the inter $3
6857 E10-4 Billabong Tech uses the internal rate of return (IRR) to select projects. E10-4 Billabong Tech uses the inter $3
6856 E10-3 Axis Corp. is considering investment in the best of two mutually exclusive projects.  E10-3 Axis Corp. is con $4
6855 E1O-2 Herky Foods is considering acquisition of a new wrapping machine. E1O-2 Herky Foods is considering acquisitio $3
6854 E10-1 Elysian Fields, Inc., uses a maximum payback period of 6 years and currently must choose between two mutually excl $4
6853 Assignment 5.1: Warm-Up Exercises, Chapter 10E10-1 Elysian Fields, Inc., uses a maximum payback period of 6 years and cu $15
6852 An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandpare $6
6851 A7. (NPV of a risky project) Suppose a firm currently has an unleveraged required return of 10% and perpetual unlevera $2
6850 A6. (Estimating a project’s WACC) Reconsider the PepsiCo example. A6. (Estimating a project’s WACC) Reconsider the $4
6848 A manufacturing company is thinking of launching a new product. The company expects to sell $950,000 of the new product $12
6847 13-2 (Flotation cost and issue size) Your firm needs to raise $10million.  13-2 (Flotation cost and issue size) You $3
6846 (Appendix 8B) Addison Company has two products: A and B. Annual production and sales are 800 units of Product A and 70 $2
6845 13-1 (Dividend Policies) Final earnings estimates for Chilean Health Spa& fitness center have been prepared for the $3
6844 3-21 CVP analysis, income taxes. Diego Motors is a small car dealership.   3-21 CVP analysis, income taxes $4
6843 Crypton electronics has a capital structure consisting of 41% common stock and %9% debt .a debt issue of $1000 par $4
6842 The target capital structure for jowers manufacturing is 54% common stock , 12% preferred stock, and 34% debt. if $3
6830 12-8 (Operating Leverage) Rocky Mount Metals Company manufactures an assortment of wood-burning stoves. The average $3.5
6825 Assignment 8.1: Warm-Up Exercises, Chapter 13E13-1 Canvas Reproductions has fixed operating costs of $12,500 and variabl $15
3895 You are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% $5
2808 A Plant uses process costing has 8,000 units in beginning work in process, 15,000 more started, and 5,000 units in the e $3
2807 A plant producing hydrogen has a fixed overhead of $10,000,000 per year and incurs a variable cost of $40.00 per ton. Th $5
2805 A 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, $3.5
2804 A person invests 2,000 a year in a retirement account, how much will they have?   a. In 5 years at 6% $2,697.70 $5
2803 A partial listing of costs incurred during march at Febbo corporation appears below: Factory supplies.........9,000 $1.5
2802 Managing Working Capital. A new computer system allows your firm to more accurately monitor inventory and anticipate f $1.5
2800 A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has $1.5
2799 A mattress manufacturer has provided the following cost data. The cost of fabric, foam, springs, and lumber is $68,000. $1.5
2798 A market has only two sellers. They are both trying to decide on a pricing strategy. If both firms charge a high price, $6
2791 P7-23 Lindstrom Corp. reported earnings after tax (EAT) of $2,160,000 last year along with basic   ANSWER KEY 23 $5
2790 P7-22 The Maritime Engineering Corp sold 1,500 convertible bonds two years ago at their $1,000 par Calculating the Conv $6
2789 P7-21 Jake Cornwall just bought a $1,000 par value, 8% coupon rate, 30 year bond of the Pristine Corp.    A $6
2788 P7-20 Pacheco Inc. issued convertible bonds 10 years ago.  Each bond had an initial term of 30 Basics of Investing $3
2787 P7-19 Your friend Marvin is excited because he believes he’s found an investment bargain.  A broker at Risky Issue $2.5
2786 P7-18 Snyder Mfg. issued a $1,000 face value 30-year bond 5 years ago with an 8% coupon.  The   ANSWER KEY 1 $3
2785 P15, 16, 17 Pricing a Likely to be Called Bond Apollo's Alpha bond was issued 10 years ago   Problems 15 through $9
2784 P7-14 Ernie Griffin just purchased a 5-year zero coupon corporate bond for $680.60 and plans to   ANSWR KEY 14 Er $3
2783 P7-13 Pam Smith just inherited a $1,000 face value K-S Inc. bond from her grandmother.  The bond   ANSWER KE $2.5
2782 P7-12 Hoste Corp. issued a $1,000 face value 20-year bond seven years ago with a 12% coupon rate.    ANSWER $2.5
2781 P7-11 Smithson Co.'s Class A bonds have 10 years to go until maturity.  They have a $1,000 face Finding the Yield $3
2780 P7-10 John Wilson is a conservative investor who has asked your advice about two bonds he is   ANSWER KEY 10 John $5
2779 P7-9 Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in   ANSWER KEY 9 Tu $2.5
2777 P7-8 Daubert, Inc. planned to issue and sell at par 10-year, $1,000 face value bonds totaling $400   ANSWER KEY 8 $3
2776 P7-7 Longly Trucking is issuing a 20-year bond with a $2,000 face value tomorrow.  The issue is   ANSWER KEY $1.5
2775 P7-6 The Mariposa Co. has two bonds outstanding.  One was issued 25 years ago at a coupon rate   ANSWER KEY $2
2774 P7-5 Fix-It Inc. recently issued 10-year, $1,000 par value bonds at an 8% coupon rate..   ANSWER KEY 5 Fix-It Inc $2.5
2773 P7-4 The Sampson Company issued a $1,000 bond 5 years ago with an initial term of 25 years and   ANSWER KEY 4 The $3.5
2771 P7-2 Calculate the market price of a $1,000 face value bond under the following conditions.   ANSWER KEY 2 Calcu $3.5
2769 P7-1 The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond Finding the Pric $4
2768 P8-21 Seth Harris is an avid investor who likes to speculate on stock price changes.  Lately he’s Stock Options & $5
2767 P8-20 Koski and Hass (K&H) just paid a $2 dividend which is expected to grow at 5% indefinitely.    ANS $3
2766 P8-19 The following preferred stocks are returning 8.5% to their owners:   ANSWER KEY 19 The following preferred $2.5
2765 P8-18 Fox Woodworking Inc. issued preferred shares at a face value of $50 to yield 9% 10 years ago.    ANSW $2
2764 P8-17 Blackstone Corporation's $7 preferred was issued five years ago.  The risk-appropriate interest rate Pricing $1
2762 P8-16 Sudsy Inc. recently paid an annual dividend of $1.00 per share.  Analysts expect that amount to   ANSW $3
2761 P8-15 General Machine Works Inc. (GMW) has been losing money for some time but has managed to   ANSWER KEY 15 Gen $4
2760 P8-14 Garrett Corp. has been going through a difficult financial period.  Over the past three years, its   A $3
2759 P8-13 How would you advise clients on the stock as an investment under the following conditions?   ANSWER KEY 13 $3
2758 P8-12 Calculate a price for Softek assuming that Alpha is successful and Beta is successful, but   ANSWER KEY 12 $3
2757 P8-11 You are an investment analyst for a brokerage firm, and have been asked to develop a   ANSWER KEY 11 You ar $4
2756 P8-10 The Miller Milk Company has just come up with a new lactose free dessert product for people Valuation Based on Tw $3
2755 P8-9 Cavanaugh Construction specializes in designing and building custom homes.  Business has   ANSWER KEY $2.5
2754 P8-8 The Anderson Pipe Co. just paid an annual dividend of $3.75 and is expected to grow at 8% for   ANSWER KEY $3
2753 8-7 Tyler Inc.'s most recent annual dividend was $3.55 a share.  The firm has been growing at a   ANSWER KEY $5
2752 8-6. The Pancake Corporation recently paid a $3 dividend, and is expected to grow   ANSWER KEY 8-6. The Pancake C $2.5
2672 P8-5 The Spinnaker Company has paid an annual dividend of $2 per share for some time.  Recently   The Consta $1.5
2671 P8-4. Mitech Corp’s stock has been growing at approximately 8% for several years and is now $30.  Growth Rates - $1.5
2670 P8-3 Fred Tibbits has made a detailed study of the denim clothing industry.  He's particularly interested   $1.5
2669 P9-2 The stock of Sedly Inc. is expected to pay the following dividends: Stock Valuation Based on Projected Cash Flows $1.5
2668 P8-1 Paul Dargis has analyzed five stocks and estimated the dividends they will pay next year as well as Dividend and C $3
2667 P9-30 The Picante Corp's beta is .7.  Treasury bills yield 5% and an average stock yields 10%.  The SML and $4
2666 P9-29 Lipson Ltd. expects a constant growth rate of 5% in the future.  Treasury bills yield 8% and the   ANS $3
2665 P9-28 Broken Wing Airlines just paid a $2 dividend and has a beta of 1.3 and a growth rate of 6% for the   ANSWER $3
2664 P9-27 Weisman Electronics of the previous problem is considering acquiring an unrelated business.  Strategic Deci $2
2662 P9-26 Weisman Electronics just paid a $1.00 dividend, the market yield is yielding 10%, the risk-free rate   ANSW $2.5
2661 P9-25 Bergman Corp. has experienced zero growth over the last seven years paying an annual dividend   ANSWERKEY S $3
2660 P 9-24 The Aldridge Co. is expected to grow at 6% into the indefinite future.  Its latest annual dividend   $2.5
2659 P 9-23 Seattle Software Inc. recently paid an annual dividend of $1.95 per share and is expected to   ANSWERKEY $3
2658 A-Plus, a regional real estate investment company, is trying to raise capital and has two distinct alternatives   $4
2657 Comparing borrowing costs. A-Plus, a regional real estate investment company, is trying to raise capital and has two dis $4
2656 Stephen Black has just purchased a home for $152000. A mortgage company has approved his loan application for a 30 year $5
2655 The purchase price of a home is $466000, the down payment is 10%, the interest rate is 5% and the purchase is financed f $3
2654 Notes receivable On January 1, 2010, the Somerville Corporation sold   P14-12 Notes receivable On January 1, 201 $5
2653 P14-12 Notes receivable On January 1, 2010, the Somerville Corporation sold a used truck to the Cornelius Company and ac $5
2651 Bonds with Detachable Warrants On January 1, 2010, the London   P14-9 Bonds with Detachable Warrants On January $5
2650 P14-9 Bonds with Detachable Warrants On January 1, 2010, the London Corporation issued $500,000 of 11.5% bonds due Janua $5
2649 Purchase, Discount Amortization, and sale of Bond Investment On November 1, 2009   E15-8 Purchase, Discount Amort $6
2648 E15-8 Purchase, Discount Amortization, and sale of Bond Investment On November 1, 2009, the Reid Corporation acquired bo $6
2646 Premium Amortization Schedule with Retirement Before Maturity The Dorset   P14-3 Premium Amortization Schedule wi $6
2645 P14-3 Premium Amortization Schedule with Retirement Before Maturity The Dorset   P14-3 Premium Amortization Sched $6
2644 Suppose Lucent Technologies has an equity cost of capital of 10%, market capitalization   ANSWERKEY Suppose Lucen $3
2643 P5–1 Rate of return Douglas Keel, a financial analyst for Orange Industries, wishes to estimate ANSWERKEY P5–1 Rate of $2.5
2642 P5–2 Return calculations  For each of the investments shown in the following table, ANSWERKEY P5–2 Return calcula $3
2641 You are the assistant controller in charge of general ledger accounting at Riverside   BYP8-6 You are the assista $3
2640 BYP8-6 You are the assistant controller in charge of general ledger accounting at Riverside   ANSWER KEY BYP8-6 Y $3
2639 Sharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER KEY FINANCE 419 P5–3 Risk prefere $3
2638 P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER KEY FINANCE $3
2637 FINANCE 419 P5–3 Risk preferences Sharon Smith, the financial manager for Barnett Corporation, wishes to   ANSWER $3
2636 Murdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis &nb $5
2635 P10–4 Murdock Paints is in the process of evaluating two mutually exclusive additions to its Basic Sensitivity Analysis $5
2634 Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for   E11-18 Hrabik Corporation issued $3
2633 E11-18 Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2008, for $562,613.This price resulted in an $3
2632 Finance quiz. 1. Money markets are markets for (Points : 4) 10 multiple choice questions. 1. Money markets are marke $10
2631 P9-22. Whole Foods Inc. paid a quarterly dividend of $0.47 recently.  Treasury bills are yielding 4%,   ANSW $2.5
2630 P9-21 The Framingham Company expects to grow at 4% indefinitely.  Economists are currently Valuing (Pricing) a Sto $2.5
2629 P9-20 You are a junior treasury analyst at the Palantine Corporation.  The treasurer believes the CAPM   ANS $2.5
2627 P9-19 The CFO of Ramekin Pottery Inc. is concerned about holding up the price of the company’s   ANSWERKEY SOLUTI $3
2626 P9-18. Erin Behlen has a three stock portfolio and is interested in estimating its overall return next year.  &nb $3
2625 P9-17 You have recently purchased stock in Topical Inc. which has returned between 7% and 9%   ANSWERKEY SOLUTION $3
2624 P9-16. The return on Holland-Wilson Inc. (HWI) stock over the last three years is shown below   ANSWERKEY SOLUTIO $2
2623 P9-15 The Charming Co. manufactures decorating products.  Treasury bills currently yield 5.4%, and Determination o $3
2621 P9-14 A four-stock portfolio is made up as follows   ANSWERKEY SOLUTION 14. A four-stock portfolio is made up as $2.5
2620 P9-13 The stocks in the previous problem have the following betas.  Portfolio Beta   ANSWER KEY SOLUTON 13 $2.5
2619 P9-12 Threads Inc. manufactures stylish clothing for teenagers.  The firm has a beta of 1.4 and earned Projecting $3
2618 P9-11 Laurel Wilson has a portfolio of five stocks.  The stocks’ actual investment performance last   ANSWER $3
2617 P9-10. A portfolio consists of the following four stocks.  Portfolio Return   ANSWERKEY SOLUTION 10. A por $2.5
2616 P9-9 Imagine making choices in the following situation to test your degree of risk aversion.  Someon Risk Aversion $3
2615 P9-8 The Manning Company's stock is currently selling for $23.  It has the following prospects for   ANSWERK $2.5
2614 P9-7 Calculate the expected return on an investment in Delta Inc.'s stock if the probability   ANSWERKEY SOLUTION $3.5
2613 P9-6 The probability distribution of the return on an investment in Omega Inc.'s common stock is   ANSWERKEY SOLU $3
2612 P9-5. Conestoga Ltd. has the following estimated probability distribution of returns. Evaluating Stand-Alone Risk &nbs $3
2611 P9-4 Suppose dice had four sides instead of six, so rolling a single die would produce equally likely Discrete Probabil $3
2610 P9-3. Wayne Merritt drives from Cleveland to Chicago frequently and has noticed that traffic and Calculating the Mean a $3.5
2609 P9-2 The Rapscallion Company’s stock is selling for $43.75.  Dave Jones has done some research   ANSWERKEY S $2.5
2608 P9-1. The Duncan Company's stock is currently selling for $15.  People generally expect its price to rise   $2.5
2607 P10-27 Griffin-Kornberg is reviewing the following projects for next year’s capital program. ANSWERKEY SOLUTION 27 Grif $0.4
2605 P10-26 Zuker Distributors handles the warehousing of perishable foods and is considering replacing   ANSWERKEY 26 $3.5
2604 P10- 25 Cassidy and Sons is reviewing a project with an initial cash outflow of $250,000.  An   ANSWERKEY SO $3.5
2603 P10-24 Haley Motors is considering a maintenance contract for its heavy equipment.  One firm has Replacement Chain $4
2602 P10-22 Consider two mutually exclusive projects, A and B.  Project A requires an initial cash outlay   ANSWE $3.5
2601 P 10-21 Huron Valley Homes is considering a project requiring a $1 million initial investment.    ANSWER KE $5
2600 P10-20 Calculate IRRs for the projects in the previous problem.    ANSWERKEY SOLUTION 20 Calculate IRRs for $2.5
2599 P10-19 Provide the missing information for the following projects using the present value of an   ANSWERKEY SOLUT $4
2598 P10-18 Tutak Industries is considering a project requiring an initial investment of $200,000 followed   ANSWERKEY $4
2597 P10-17 Callaway Associates, Inc. is considering the following mutually exclusive projects.    ANSWERKEY SOL $3
2595 P10-16. Bagel Pantry Inc. is considering two mutually exclusive projects with widely differing lives.  Replacemen $5
2594 P10-15 Grand Banks Mining Inc. plans a project to strip mine a wilderness area.  Setting up   ANSWERKEY SOLU $3
2593 P10-14 Calculate the NPV at 12% and the IRR for the following projects.  Find IRR's to the nearest whole percent. $3.5
2592 P10- 13 Calculate the NPV at 9% and the IRR for the following projects:   ANSWER KEY SOLUTION P10- 13 Calculate t $3.5
2591 P10-12 Calculate the IRR for the following projects.   ANSWER KEY SOLUTION P10-12 Calculate the IRR for the follo $2.5
2590 P10-11 Calculate the NPV for the following projects. Mutually Exclusive Decisions and Judgment Issues   ANSWER K $2.5
2588 P10-10 Island Airlines, Inc. needs to replace a short haul computer plane on one of its busier routes.  Mutually $5
2587 P10-9 Calculate the IRR, NPV, and PI for projects with the following cash flows.  Do each NPV and Finding NPV and $4
2586 P10- 8 The Sampson Company is considering a project that requires an initial outlay of $75,000 and Finding NPV and IRR $3.5
2585 P10-7. Project Alpha requires an initial outlay of $35,000 and results in a single cash inflow of   ANSWER KEY S $3.5
2584 P10-6 Hamstring Inc. is considering a project with the following cash flows:   ANSWER KEY SOLUTION P10-6 Hamstri $3.5
2582 P10-4 Clancy Inc. is considering a project with the following cash flows.   ANSWER KEY SOLUTION P10-4 Clancy Inc. $5
2581 P10-3.Calculate an IRR for the project in the previous problem using an iterative technique. (Hint: Start by guessing 15 $3
2580 10.2 A project has the following cash flows   ANSWER KEY SOLUTION 10.2 A project has the following cash flows &n $2.5
2579 Donedeal.com uses the allowance method to estimate uncollectible account receivable. The company produced the following $5
2578 E8-20A Suppose Kellog’s is considering dropping its Special-K product line. Assume that during the   E8-20A Week $3
2577 Your company, Beta Corporation, is considering a new project which you must analyze. Based on the following data, what i $1.5
2576 You work for Alpha Inc., and you must estimate the Year 1 operating net cash flow for a proposed project with the follow $1.5
2575 Big Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 75% has been $1.5
2574 Swannee Resorts is considering a new project whose data are shown below. The equipment that would be used has a 3-year t $3
2573 Delta Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year ta $1.5
2572 As a member of Gamma Corporation's financial staff, you must estimate the Year 1 operating net cash flow for a proposed $1.5
2571 Rockmont Recreation Inc. is considering a project that has the following cash flow data. What is the project's IRR? No $1.5
2570 Ryngaert Medical Enterprises is considering a project that has the following cash flow and WACC data. What is the projec $1.5
2569 Tapley Dental Associates is considering a project that has the following cash flow data. What is the project's payback? $2
2568 Blanchford Enterprises is considering a project that has the following cash flow and WACC data.  What is the projec $2
2567 Historic Rate of Return and Risk. Consider an investment in one of two common stocks. Given the information that follows $4
2566 an automobile, with a sale price of $23,585 is to be paid for in 36 equal monthly payments, starting with $1.5
2565 Cash flow versus earnings   A1 Quick, the president of a New York Stock Exchange-listed firm, is very short term $1.5
2564 A-1 Photography       DOWNLOAD EXCEL SOLUTION $20
2563 Given the financial information for the A.E. Neuman Corporation,           $5
2562 A. H. Church, Inc. manufacturers a variety of wooden toys for young children. The company uses ABC. The manufacturing ac $3.5
2561 ROI analysis using DuPont model.   a. Firm D has net income of $27,900 sales of $930,000, and average total asse $5
2560 Exercise 1-2 The Business Environment [LO3]  1. A(n) ___________is a game plan that enables a company to attract cu $7
2559 Compare the after-tax rates of return for a corporate investor from the following two investments: A twenty year, corpor $3
2558 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 $3
2557 A summary of the time tickets for the current month are as follows:   Job No.       $2.5
2556 Constant-Growth Model. A stock sells for $40. The next dividend will be $4 per share. If the rate of return earned on re $3
2555 A stock sells for $ 28.50 and earned 1.80 per share during the current year.  (a) What is the price/earnings $2.5
2554 A stock is expected to pay $0.80 per share every year indefinitely. If the current price of the stock is $18.90, and the $2.5
2553 A 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 exp $1
2552 A 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 $1.5
2551 Beta and required rate of return: A stock has a required return of 11 percent; the risk-free rate is 7 percent; and the $3
2550 A 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 alre $3.5
2549 A 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 $3
2548 A stock currently sells for $28 a share. Its dividend is growing at a constant rate, and its dividend yield is 5 percent $3.5
2547 A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 7%, an $1.5
2546 Current yield: A semiannual coupon bond matures in 7 years sells for $1,020. It has a face value of $1,000 and a yield t $3
2545 Blanchford Enterprises is considering a project that has the following cash flow and WACC data.  What is the projec $2
2544 Suppose Kellogg's is considering dropping its Special-K product line.   E-8 20A Suppose Kellogg's is considering $3
2543 E-8 20A Suppose Kellogg's is considering dropping its Special-K product line. Asssume that during the past year, Special $3
2542 What 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) $33 $1.5
2540 If a 15-year, 8%, $1000 face value bond is currently trading at $958, will the yield to maturity of this bond be greater $1.5
2539 Tony Masasi started his own consulting firm, Masasi Company, Inc., on June 1, 2008. The trial balance at June 30 is show $10
2538 You purchased a $1,000 five percent coupon bond that matures in 10 years. How much would your bond be worth if interest $4
2537 John buys a house for $150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%.   $9
2536 Consider the following scenario: John buys a house for $150,000 and takes out a five year adjustable rate mortgage with $9
2535 Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50   Cost $3
2534 Cost of trade credit Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, $3
2533 Hatter Enterprise paid a dividend last year of $3.25, which is expected to grow at a constant rate of 7%. Hatter has a b $4
2532 A real estate investment has the following expected cash flows: Year Cash Flows 1 $10,000 2 25,000 3 50,000 4 35,00 $1.5
2531 Your sister turned 30 today, and she is planning to save $3,000 per year for retirement, with the first deposit to be ma $1.5
2530 You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the $1.5
2529 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 $1.5
2528 What’s the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded monthly? (Points : 4) $1.5
2527 An 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 $1.5
2526 Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the nex $1.5
2525 Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income per year for $1.5
2524 You 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 $1.5
2523 The U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from n $1.5
2522 (Expected Rate of Return and Risk) B. J. Orange Enterprises is evaluating a security. One-year Treasury bills are curren $5
2521 Bond. What is the yield to maturity of a $1000 par value bond with an a. 10% semiannual coupon and 20 years to maturity $6
2520 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 $6
2519 Allen Company is considering a capital budgeting project that is expected to generate $100,000 in annual earnings before $1.5
2517 Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for tw $2.5
2516 Green Company's variable expenses are 75% of sales. At a sales level of $400,000, the company's degree of operating leve $2.5
2515 Modified internal rate of return (MIRR): Morningside Bakeries has recently purchased equipment at a cost of $660,229. Th $2.5
2514 Net present value: Champlain Corp. is investigating two computer systems. The Alpha 8300 costs $2,932,846 and will gener $5
2513 Internal rate of return: Compute the IRR for the following project cash flows.
(Round your answer to 2 decimal pla $4
2512 Modified internal rate of return (MIRR): Sycamore Home Furnishings is looking to acquire a new machine that can create c $2.5
2511 Discounted payback: Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three ye $5
2509 Payback: Creative Solutions, Inc., has invested $3,599,934 on equipment. The firm uses payback period criteria of not ac $2.5
2508 Net present value: Cranjet Industries is expanding its product line and its production capacity. The costs and expected $4
2503 Net present value: Franklin Mints, a confectioner, is looking to purchase a new jellybean-making machine at a cost of $3 $3
2502 Internal rate of return: Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $7,979,112. Th $3
2501 Net present value: Crescent Industries is planning to replace some existing machinery in its plant. The cost of the new $3
2500 Payback: Northern Specialties just purchased inventory-management computer software at a cost of $1,705,329. Cost saving $3
2499 Find the fair value of a perpetual bond which pays $100 every year forever.  The discount rate for the bond is 8%. $1.5
2498 ABC Incorporated is a computer firm specializing in P.C.s that have 9 billion K in random access memory. This is a new f $3
2497 Abel Athletics is considering purchasing new manufacturing equipment that costs $1,300,000 and is expected to improve ca $5
2496 What is the value of a common stock that recently paid a $2.00 dividend per share, and has a constant growth rate of 4% $2.5
2495 What is the annual yield to maturity of a 10 percent, semi-annual coupon bond with 8 years left to maturity? Its current $1.5
2480 11-A2 NPV for Investment Decisions. A manager of the administrative Computer Center of Olympia State University is conte $3
2479 A machine costing $48,000 had an estimated useful life of 5 years and a salvage value of $3,000 when purchased on Januar $5
2478 A lottery has provided you with the following options: $350,000 today or $40,000 per year for 10 years.  If you can $2.5
2477 A loan of $105,504.50 is to be amortized over a 5-year term at 12% interest compounded monthly with a monthly payments a $3
2476 A lender would prefer a borrower have which one of the following sets of ratios?   Choices 1. times interest ear $5
2475 1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration i $5
2474 A friend who owns a perpetuity that promises to pay $1,000 at the end of each year, forever, comes to you and offers to $4
2473 A football company has been selling sport equipment on credit for several years.  It is currently studying a propos $3.5
2472 A food processing company is considering adopting a new seafood processing system.  The system will cost $750,000 p $6
2471 A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,00 $2
2470 WK 5FIN 370 Assignment from reading Finance 370 Week 5 Text Problem 3 Axia College material   3. A firm's curre $5
2469 A firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,00 $2.5
2468 A firm sold $500,000 of its 10% bonds for $494,650 on January 1, 2003. The bonds yielded 12% interest paid annually. Wha $1.5
2467 A firm provides the following sales data: Expected unit Sales .... 5,000 Unit Variable Cost .... $10 Unit Selling Pric $3
2466 Problem 6.  Common stock value based on determining growth rate A firm pays a $4.90 dividend at the end of year on $1.5
2464 A firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of $1
2463 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 thr $3
2462 a. A firm has the choice of investing in one of two projects. Both projects last one year. Project 1 requires an investm $10
2461 A firm has sales of $10 million, variable cost of $5 million, EBIT of $2 million, and a degree of combined leverage of 3 $5
2460 A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit sale $2
2459 A 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 $2.5
2458 A firm has estimated the following demand function for its product: Q = 100 - 5 P + 5 I + 15 A Where Q is quantity deman $5
2457 A firm has a return on equity of 14 percent, a return on assets of 9.5 percent, and a 30 percent dividend payout ration. $1.5
2456 A firm has a debt-equity ratio of 0.56. What is the total debt ratio? $3
2455 1) A financial budget would include which one of the following aspects of management's expectations?   2) When a $10
2454 A company allocates its variable factory overhead based on direct labor hours. During the past three months, the actual $2.5
2452 ACC 561 week 3 2-61 CVP in a Modern Manufacturing Environment   2-61 CVP in a Modern Manufacturing Environment & $12
2451 2-61 CVP in a Modern Manufacturing Environment   A division of Hewlett-Packard Company changed its production ope $12
2450 CVP in a Modern Manufacturing Environment A division of Hewlett-Packard Company changed its production operations from $12
2449 A division of Hewlett-Packard Company changed its production operations from one where a large labor force assembled ele $12
2448 A corporation issues 2,000 shares of common stock for $ 32,000.  The stock has a stated value of $10 per share.&nbs $3
2447 A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on Janua $3
2446 a corporation issued 1,000,000 of 8% 10 year bonds on the open market. the market rate of interest on the date of issue $3
2445 A corporation has $300,000 income before income taxes, a 40% tax rate, and $150,000 taxable income. Provide the journal $2.5
2444 A convertible bond has the following features:   Coupon          $2
2443 Union Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received divi $1.5
2442 What is the present value of 10 annual payments of $500 at a discount rate of 12%? $1.5
2441 You bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your $1.5
2440 In 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $2 $2
2438 Thorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compo $1.5
2437 If the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate? $1.5
2436 What 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 o $2
2435 A convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is $3
2434 1.   A company’s use of fixed costs to increase net income as sales increase is known as a. financ $20
2433 A company uses a process cost accounting system.  The following information is available regarding direct labor for $4
2432 A company that makes organic fertilizer has supplied the following data:   Bags produced and sold................ $6
2431 A company that makes organic fertilizer has supplied the following data:     Bags produced and sold........ $4
2430 A company sole merchandise to a customer for $1,200 on July 11, 2004. The customer paid the amount due on July 31. Under $6
2429 A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $120,000 $1.5
2428 A company purchased land for $72,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishi $2
2426 A company purchased factory equipment on April 1, 2005, for $48,000. It is estimated that the equipment will have a $3,0 $1
2425 A company manufactures wooden swing sets which are sold partially assembled. The following costs were incurred related $2
2424 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 compan $2.5
2423 1. A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007.  Interest is paid on June 30 a $9
2422 A company issued a bond having a par value of $1,000, a 15 year life and a 10% coupon rate. If interest is paid semiannu $2
2421 A company is considering a high-tech project lasting five years. The project requires $800,000 of initial investment and $7
2420 11-12 IRR and NPV A company is analyzing two mutually exclusive projects, S and L with the following cash flows:   $6
2419 A company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The total sales necessary to break e $1.5
2418 A company has estimated fixed costs of $150,000 and estimated variable costs of $25 per unit.  It is projected that $4
2417 A company has an issue of preferred stock outstanding that pays an annual dividend of $6.20. If the discount rate for th $2
2415 A company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an $4
2414 12. A company has 6,000 shares of common stock outstanding; total common stockkholders' equity is $1,500,000. The book v $6
2413 A company had 120,000 shares of common stock outstanding on January 1 and then sold 40,000 additional shares on March 30 $1.5
2412 A company forecasts free cash flow of $40 million in three years.  It expects the free cash flow to grow at a const $2
2411 A company allocates its variable factory overhead based on direct labor hours. During the past three months, the actual $3
2410 A companies balance sheet has 3 components on the right side. Based on the information below, determine the firms WACC $7
2408 A common stock issue is selling currently for $60.00 Net income amounts to $2,200,000 , there are 300,000 common shares $3
2407 DEPRECIATION AND CASH FLOW. A colleague is about to make a presentation to the management group regarding a $2 million c $10
2406 A clustering of two or more machines at a single workstation is referred to as:   A.  a manufacturing cell.& $1.5
2405      A car dealership is offering free credit on a new $10,000 car.  You pay $1,000 down and th $4
2404 A capital improvement was made to Machine B at a total cost of $20,000. This improvement increased the capacity of the m $10
2403 A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The $1
2402 A business issued a 60-day, 7% note for $15,000 to a creditor on account. Journalize the entries to record (a) the issua $1.5
2400 A Boscia Corporation’s balance sheet appears below   Comparative Balance Sheet Ending Balance Beg $5
2399 A 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 $1.5
2398 3-Preferred Stock. A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a $3
2397 A bond has an 6.25% coupon rate, maturing 4 Years from now.  To buy this bond, you must invest $1,025 today. & $3
2396 Exercise 2-9 From the following selected data, compute:   Net cash flow provided (used) by operating activities. $3
2395 E2-8 Beckstrom Corporation Exercise 2-8 The following selected information is taken from the records of Beckstrom Corpo $2.5
2394 E 2-6 Simon Company   Exercise 2-6   Balance Sheet Preparation   p. 63   From the foll $3
2393 Kumar and Grigg operate successful business, sharing net income and losses equally.  Culver is to be admitted on 1 $3
2392 Harwell Company manufactures automobile tires. On July 15, 2011, the company sold 1,000 tires to the Nixon Car Company f $4
2391 E 7-6 Cash discounts; the net method Harwell Company manufactures automobile tires. On July 15, 2011, the company sold $4
2389 E 7-5 Cash discounts; the gross method Harwell Company manufactures automobile tires. On July 15, 2011, the company sol $5
2388 Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2011.   E 7-4 $5
2387 E 7-4 Trade and cash discounts; the gross method and the net method compared Tracy Company, a manufacturer of air condi $5
2386 Delta Automotive Corporation has the following assets listed in its 12/31/11 trial balance: E 7-2 Cash and cash equival $4
2385 E 7-2 Cash and cash equivalents Delta Automotive Corporation has the following assets listed in its 12/31/11 trial bala $4
2384 The controller of the Red Wing Corporation is in the process of preparing the company's 2011 financial statements. &nbs $4
2383 E 7-1 Cash and cash equivalents; restricted cash The controller of the Red Wing Corporation is in the process of prepar $4
2381 A bond has $1,000 par value, 10 years to maturity, a 7 percent coupon, and sells for $985   Current yield and yie $3
2380 A 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 $3
2378 A 6%, $10,000 bond has interest payable annually. The bond will mature 10 years from now. At what market interest rate w $2.5
2377 A 6 year Circular File bond pays interest of $80 annually and sells for $950.  If Circular file wants to issue a ne $1.5
2376 Interest rate premiums A 5-year Treasury bond has a 5.2 percent yield. A 10-year Treasury  bond yields 6.4 percent, $6
2374 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%. $2
2373 A $1000 corporate bond pays a $50 coupon every six months.  The bond will mature in ten years and has a yield to ma $2
2372 A $10,000 municipal bond has an interest rate of 6% per year, compounded semiannually. The bond will mature in 10 years. $2.5
2370 A $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 yi $2.5
2369 A1. (Bond valuation) A $1,000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond $2
2367 A  Boscia Corporations balance sheet appears below: Comparative Balance Sheet Ending Balance Beginn $4
2366 Porto Bay Corporation manufactures and distributes leisure clothing. Selected transactions completed by Porto Bay during $5
2365 123 Industries, Inc Listed below in alphabetic order are the unadjusted accounts of 123 Industries, Inc. at December 31, $10
2364 Safety-Bright Company recently began production of a new product, the halogen light, which required the investment of 1, $9
2363 23-5a. Safety-Bright Company recently began production of a new product, the halogen light, which required the investmen $9
2362 22 If you take out an $8,000 loan that calls for 48 monthly payments at an APR of 10 percent, what is your monthly payme $3
2361 21-3a Ikon tire Co manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor and $6
2360 21. Two projects have the following NPVs and standard deviations:     Project A Project B $8
2359 17.4 A,B Job order costing: a comprehensive problem Precision Instruments, Inc uses job order costing and applies manufa $7
2358 Precision Instruments, Inc., uses job order costing and applies manufacturing overhead to individual jobs by using prede $7
2356 16. Stock. What is the growth rate of the stock with a a. $2.5 expected dividend and a 39 price with 15% required retur $5
2355 15. Stock. What is the required rate of return on a stock with a a. $0.5 expected dividend and a 34 price with 7% growt $5
2346 The ledger of AISExperts Inc. showed the following balances after adjustment, but before closing, on December 31, 2007, $20
2339 13-B3 Youngstown Manufacturing Comparison of Variable Costing and Absorption Costing   Acc 561 Week 5  &nbs $5
2338 Acc 561 Week 5 Q 13-B3 Youngstown Manufacturing   Question 13 B:   13-B3 Comparison of Variable Costing an $5
2337 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead   Acc 561 Week $5
2336 13-49 Variances Study Appendix 13. Consider the following data regarding factory overhead   Acc 561 Week 5 &nb $5
2335 Acc 561 Week 5 13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company   $7
2334 13-48 Overhead Variances. Study Appendix 13. Consider the following data for the Rivera Company   Acc 561 Week 5 $7
2333 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Questio $6
2332 Acc 561 Week 5 13-45 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 We $6
2331 13-45 Variable and Absorption Costing Chan Manufacturing Company data for 20X7 follow   Acc 561 Week 5   Q $6
2330 13-20 Cost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs d $7
2329 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows Check Point: Stock Issuanc $5
2328 Q 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows Check Point: Stock $5
2327 ACC 226 Q 13-5 The stockholders’ equity section of Catalina Company’s balance sheet as of April 1 follows   Check $5
2326 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Intermediate Financial Ma $7
2325 13-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Intermediate Financi $7
2324 13-4 Prepare journal entries to record the following transactions for Skylar Corporation   ACC226 Q 13-4 Prepare $2
2323 E13-3 Prepare journal entries to record the following four separate issuances of stock   Check Point: Recording a $5
2322 ACC226 E13-3 Prepare journal entries to record the following four separate issuances of stock   Check Point: Reco $5
2321 QS 13-2 Issuance of common stock 13-4 Skylar Corporation QS 13-5 Catalina Company’s   QS 13-2 Issuance of c $9
2320 QS 13-2 13-4 QS 13-5 QS 13-2 Issuance of common stock Prepare the journal entry to record each separate transaction. (a $9
2319 Champs, Inc., incurred the following costs during March   13.20 Cost of goods manufactured, cost of goods sold, a $6
2318 13.20 Cost of goods manufactured, cost of goods sold, and income statement. Champs, Inc., incurred the following costs d $6
2317 Hartford, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and $5
2315 13.9 Manufacturing overhead--over/underapplied. Hartford, Inc., produces automobile bumpers. Overhead is applied on the $5
2314 12-59 Allocating Costs Using Direct and Step-Down Methods Goal: Create an Excel spreadsheet to allocate costs using the $10
2313 Find the WACC of William Tell Computers. The total book value of the firm’s equity is $10 million; book value per share $3
2312 Chapter 12-11. Calculating WACC. Find the WACC of William Tell Computers.   12-11 Calculating WACC.   12 $3
2311 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Financial management: the $9
2310 12-4 The Campbell Company is evaluating the proposed acquisition of a new milling machine.   Financial management $9
2309 12. Mortgages.(Hint: P/Y12, House Loan Amount/ (1 Down Payment %) What is the house cost on a 10 percent down mortgage w $5
2308 11-1 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 $5
2307 Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. $5
2306 10-22 Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York C $5
2305 13Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends are $1.5
2304 10-13Messman Manufacturing will issue common stock to the public for $30. The expected dividend and growth in dividends $1.5
2302 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Company, o $5
2300 E10-13 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Herzogg Com $5
2299 ACC 280 E10-13 Herzogg Company, organized in 2008, has the following transactions related to XACC 280 Exercise 10-13 Her $5
2297 10-7 Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total $2
2296 The WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be differe $5
2294 10-5 The WACC is a weighted average of the costs of debt, preferred stock, and common equity.  Would the WACC be di $5
2293 Cost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?  W $3
2292 10-2 Cost of Capital Assume that the risk-free rate increases.  What impact would this have on the cost of debt?&nb $3
2291 9-12. Twister Corporation is expected to pay a dividend of $7 per share one year from now on its common stock, which has $3
2290 Shelby’s common stock sells for $23 per share, its last dividend was $2.00, and the company will pay a dividend of $2.14 $5
2289 The earnings, dividends, and stock price of Shelby Inc. are expected to grow at 7% per year in the future   9-10 $5
2288 9-7 (Preferred stock rate of return) What will be the nominal rate of return on a preferred stock with a $100 par value, $3
2287 9-5 A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond $3
2286 Two investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Financia $2.5
2285 9-3 Two investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Fina $2.5
2284 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals    Fundamen $4
2283 9. The Friedman inc. has developed the following cash flows for two projects: Year Cash Flow A Cash Flow B 0 -10,000 -10 $5
2282 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 ye $5
2281 8-35 As part of the analytical procedures of Mahogany Products, Inc., you perform calculations of the following ratios $6
2280 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 ra $4
2279 (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 $20
2278 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 thr $3
2277 6-6 The Pancake Corporation recently paid a $3 dividend, and is expected to grow at 5% forever.  Investors generall $4
2276 Week 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 $2
2275 6.4 A stock's returns have the following distribution: Demand for Probability of Rate of return Company's this Demand if $5
2274 6.3 Risk free rate is 5 and the market risk premium is 6 What is the expected return for the overall stock market What i $3
2273 Calculate the cost of trade credit   given terms of 3/20 net 60   $3
2272 5-21 Highland Cable Company is considering an expansion of its facilities   21. Highland Cable Company is conside $20
2271 5-12. Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings; hence it does not $5
2270 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity $6
2269 5-12 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common e $6
2268 5-10 HexCorp Inc. has two different bonds currently outstanding. Bond A has a face value of $40,000 and matures in 20 ye $5
2267 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at maturity. $10
2266 5-6A. (Present value of an annuity) What is the present value of the following annuities? a. $2,500 a year for 10 year $5
2265 5-5A. (Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $500 a year for $5
2264 5-4A. (Present value) What is the present value of the following future amounts?a. $800 to be received 10 years from now $5
2263 5-1A. (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 10 years at $5
2262 5-1. The Altoona Company issued a 25-year bond 5 years ago with a face value of $1,000.  The bond pays interest sem $8
2261 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 th $5
2259 5.1 Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually...? Jackson $2
2258 5. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which shoul $2.5
2257 5. Given the following data: Days inventory = 103 days; Days receivables = 41 days and Days payables    $3
2256 4-9 The Garraty Company has two bonds issues outstanding.  Both bonds pay $100 annual interest plus $1,000 at matur $10
2255 4-6A. (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:January $ $7
2254 4. Present Value of an Annuity. What is the present value of a. $387 a year for 5 years at a 9 percent $5
2253 4. 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 $5
2252 Introduction to Finance Week 5 – Numerical Exercises 4. Given the following data develop weekly cash budget Minimum cas $3
2251 . You will receive $5,000 three years from now. The discount rate is 8 percent. a. What is the value of your investment $6
2250 Boehning Corporation's balance sheet and income statement appear below: Comparative Balance Sheet End Balance   $7
2248 3. A firm has outstanding receivables of $125,000. Its credit terms are net 30. If during the past three months credit s $2.5
2247 1. Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sa $6
2246 BH Fundamentals of financial management By Eugene F. Brigham, Joel F. Houston   CHAPTER 2 - 33 Time Value Money $2.5
2245 Practice Exercise 2-14 Use the expanded accounting equation to compute the missing quantity.     $4
2242 2.Select the incorrect statement about the master budget. A) The master budget is a group of detailed budgets and sche $3
2241 What will be the nominal rate of return on a preferred stock with a $100 par value, a stated dividend of 8% of par, and $5
2240 5-12 Simpkins Corporation is expanding rapidly, and it currently needs to retain all of its earnings   5-12 Non c $5
2239 Introduction to Finance Week 5 – Numerical Exercises 2. Given the compressed version of balance sheet and income statem $5
2238 Brown Grocery is considering a project that has an up-front cost of $X. The project will generate a   Fin 315 Bro $6
2237 Fin 315 Brown Grocery is considering a project that has an up-front cost of $X   Brown Grocery is considering a p $6
2236 1-28 Atlanta Corporation’s balance sheet at March 30, 20X4, contained only the following items (arranged here in random $4
2235 1.Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. break-even sales in $7
2234 1.      What is the Future Value at the end of 17 years of depositing $1,750 into a Mutual Fund $15
2233 Calculate the present value of an annuity due of $3,600 at 9% for 16 years.  $1.5
2232 Acme offers its customers a cash discount of 4% if payment is made within 15 days, rather than its current net 45 policy $2.5
2231 Suppose the annual risk-free rate in the U.S. is 3%.  The annual risk-free rate in Pounds Sterling is 5%.  The $3
2230 What 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% $3.5
2229 Your corporation has the following stockholders equity.   Common Stock at par       $2.5
2228 You have been asked to assist your friends with some personal financial planning.  Following their current budget t $3
2226 Calculate the IRR for the following cash flows. Is the project acceptable if the firm’s cost of capital is 12%?  & $5
2225 You are considering an investment in a project with a life of eight years, an initial outlay $120,000, and annual after- $5
2224 Calculate the expected return on the portfolio  [E ( R )] of the following assets if you invest 20% in asset 1, 30% $5
2223 You are considering the purchase of a bond with a semiannual coupon of $40, Ten years to maturity, a face value of $1,00 $3
2222 What is the Future Value at the end of 17 years of depositing $1,750 into a Mutual Fund today, assuming the fund is expe $1.5
2221 Quinten Company is a wholesale distributor of soft drinks.  The company’s balance sheet as of April 30 is given b $9
2220 Problems 7-20A Cash Budget; Income Statement; Balance Sheet   Problems 7-20A Quinten Company   Quinten Com $9
2219 The production department of Priston Company has submitted the following forecast of units to be produced by quarter for $6
2218 Exercise 7-15 Direct Materials and Direct Labor Budgets   Exercise 7-15 Priston Company   The production $6
2217 Union Company share are currently selling for $25 each. You bought 200 shares one year ago at $24 and received divi $2
2216 What is the present value of 10 annual payments of $500 at a discount rate of 12%? $1.5
2215 You bought 100 shares of stock at $20 each. At the end of the year, you received a total of $400 in dividends, and your $2
2214 In 2004, TimeNow Corporation had current assets of $260 and current liabilities of $180. In 2003, current assets were $2 $2.5
2213 Thorton will receive an inheritance of $500,000 three years from now. Thorton's discount rate is 10% interest rate compo $1.5
2211 If the stated rate of interest is 12% and it is compounded monthly, what is the effective annual interest rate? $1.5
2210 What 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 o $2
2209 A convertible bond has a 8% annual coupon and 15 years to maturity. The face value is $1,000 and the conversion ratio is $3
2207 ) What is the primary goal of financial management? A. Maximizing shareholder wealth B. Minimizing risk of the firm $4
2206 1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt ration i $5
2205 Percy Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to mat $2
2204 The Heuser Company’s currently outstanding bonds have a 10% coupon and a 11% yield to maturity. Heuser believes it could $1.5
2203 What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 7% of $3
2202 Smith Technologies is expected to generate $140 million in free cash flow next year, and FCF is expected to grow at a co $2.5
2201 Harrison Clothier’s stock currently sells for $22 a share. It just paid a dividend of $1.00 per share. The dividend is e $3
2200 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 $4
2199 Payments required - You need $28,974 at the end of 10 years, and your only investment outlet is an 8 percent long-term c $3
2197 Alternative present values - - Your rich godfather has offered you a choice of one of the three following alternatives: $2.5
2196 Present value - Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at t $2.5
2195 Common stock value based on determining growth rate - A firm pays a $4.90 dividend at the end of year one (D1), has a st $1
2194 Common stock value - Friedman Steel Company will pay a dividend of $1.50 per share in the next 12 months (D1). The requi $4
2193 Preferred stock rate of return- Analogue Technology has preferred stock outstanding that pays a $9 annual dividend. It h $1
2191 North Pole Cruise Lines issued preferred stock many years ago. It carries a fixed dividend of $6 per share. With the pas $2
2190 Interest rate effectTable 10-1 Bond price table(10% Interest Payment, 20 Years to Maturity)Yield to Maturity Bond Price2 $4
2189 Midland Oil has $1,000 par value bonds outstanding at 8 percent interest. The bonds will mature in 25 years. Compute the $4
2188 9-5 A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is a perpetual bond $3
2187 3-Preferred Stock-- A bond that pays interest forever and has no maturity is a perpetual bond.  In what respect is $3
2186 9-3 Two investors are evaluating GE’s stock for possible purchase.  They agree on the   Fundamentals of Fina $2
2185 Stock Pricing-- Two investors are evaluating GE’s stock for possible purchase.  They agree on the expected value of $2
2184 9-1 It is frequently stated that the one purpose of the preemptive right is to allow individuals    9-1 Fund $5
2182 15-12 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only   15-12 W $5
2181 Elliot Athletics is trying to determine its optimal capital structure, which now consists of only debt and common equity $5
2180 Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares   14-4 Capital S $6
2179 14-4 Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares   14-4 Capi $6
2178 6-13 You have observed the following returns over time: Year    Stock X    &nbs $6
2176 Oakland Company had the following cash flows and other activities for the quarter ended March 31, 2002.   Deprec $5
2175 Moon Valley Cabinets is approached by Ms. Luanne Birch, a new customer, to fulfill a large one-time-only special order f $5
2174 Moon Valley Cabinets is approached by Ms. Luanne Birch, a new customer, to fulfill a large one-time-only special order f $5
2172 FIN ACC 557 Problem 6-3A Eddings Company has a beginning inventory of 400 units of product XNA at a cost of FIN ACCT 55 $5
2002 1) A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt rat $3
2001 1. A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt rat $1
2000 1. A hospital issues $20 million in bonds and $40 million in equity to finance a new project. Its targeted debt rat $1
1721 BTN 13-1 Refer to Krispy Kreme’s financial statements in Appendix A to answer the following:   ANSWER KEY BTN 13- $5
1720 SERIAL PROBLEM Success Systems   ANSWER KEY SERIAL PROBLEM Success Systems   13. Accounting for Corporatio $5
1719 Problem 13-8B  Scotch, Inc.’s common stock is currently selling on a stock exchange at $45 per share, and its curre $5
1718 Problem 13-7B The annual income statements for Peña, Inc., as reported when they were initially published in 2003, 2004, $5
1717 Problem 13-6B On January 1, 2003, Belize Corp. purchases equipment costing $200,000 with an expected salvage value of ze $5
1715 Problem 13-5B  Selected account balances from the adjusted trial balance for Bar Harbor Corp. as of its calendar ye $5
1714 Problem 13-4B  The equity sections from Jetta Corporation’s 2005 and 2006 balance sheets follow:   Problem 1 $5
1713 Problem 13-3B  At December 31, the end of Intertec Communication’s third quarter, the following stockholders’ equit $5
1711 Problem 13-2B Baycore Corp. reports the following components of stockholders’ equity on December 31, 2005:   ANSW $5
1710 Problem 13-1B  Nilson Company is incorporated at the beginning of this year and engages in a number of transactions $5
1709 Problem 13-8A Razz Corporation’s common stock is currently selling on a stock exchange at $170 per share, and its curren $5
1708 Problem 13-5A  Selected account balances from the adjusted trial balance for Chex Corporation as of its calendar ye $5
1706 Problem 13-4A The equity sections from Salazar Group’s 2005 and 2006 year-end balance sheets follow:   Problem 13 $5
1704 Problem 13-3A At September 30, the end of Excel Company’s third quarter, the following stockholders’ equity accounts are $5
1702 Problem 13-2A Context Corporation reports the following components of stockholders’ equity on December 31, 2005:   $5
1700 Problem 13-1A  Oxygen Co. is incorporated at the beginning of this year and engages in a number of transactions. Th $5
1037 ACC 561 Question 13-49 Variances Study Appendix 13. Consider the following data regarding factory overheadIntroduction t $9
1036 19.5 Stop-n-Shop operates a downtown parking lot containing 800 parking spaces. The lot is open 2500 hours per year. The $10
1035 The following T accounts summarize the flow of manufacturing costs during the current year Through the ledger accounts o $6
1034 Mayvile Company, a sole proprietorship, reports the following information prtaining to its 2002 operating activities & $5
1033 Precision Instruments, Inc., uses job order costing and applies manufacturing overhead to individual jobs by using prede $8
1031 On December 31 of last year, the balance sheet of Vaslor Company had Accounts Receivable of $298,000 and a credit balanc $10
1030 3. B  Boehning Corporation's balance sheet and income statement appear below: Comparative Balance Sheet $9
1029 A Boscia Corporation’s balance sheet appears below   Comparative Balance Sheet Ending Balance Beg $4
1028 Garrison Corporation is considering the replacement of an old machine that is currently being used.  The old machin $3
1027 Wilson Company is considering an investment in a machine costing $300,000.  The machine has an estimated useful lif $4
1026 Below is budgeted production and sales information for Fleming Company for the month of December: Product XX $2
1025 A firm operated at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of $2
894 Cash flows are forecasted on a project. It uses internal rate of return rule to accept or reject projects. Should this p $6
893 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 $4
892 Suppose the rate of return on a 10 year T-bond is currently 5.00% and that on a 10- year Treasury Protected Security (TI $3
891 Selected accounts from the general ledger of Cullman Candle Company as of December 31, 2004, are shown below. Prepare th $3
890 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 compan $3
889 E18-4B (Recognition of Profit on Long-Term Contracts) During 2007 AFCO started a construction job with a contract price $6
876 Joe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are c $2
875 You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly.  If you al $3
874 Suppose 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- $3
873 Tibbs Inc. had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOP $2
871 Valuation Using Free Cash Flow The following free cash flows (in $ Million) are projected for the next five years. The $3
870 Chapter 12 PR 12-4B Accountings for partnerships and limited liability companies   Sadhil Rao and Lauren sails ha $6
869 The transactions for the Dog Company were conducted through playing the game of Monopoly. Year 11. Owner invests $1500. $10
868 The earnings of X Company are expected to grow at an annual rate of 14% over the next 5 years and then slow to a constan $7
867 How would you calculate the accounts receivable turnover ratio for 2005 based on the following info:December 31, 2005 $2
866 On January 1, 2007, Stavlund Corporation issued $1,400,000 face value, 12% 10 –year bonds at $1,572,048 This price resul $10
864 Eddings Company has a beginning inventory of 400 units of product XNAa at a cost of $8.00 per unit. During the year purc $7
863 M&M and Stock values Kyle Corporation is comparing two different capital structures, an all equity plan (plan1) and $6
862 The Hobart Company incurred the following transactions during 2003   a. Acquired $50,000 of cash capital from own $7
861 Inventory Analysis Adjusted trial balance is as follows 12/31/06 12/31/05 Cash $60,000 Cash $19,000 Inventory 32,000 $5
860 Select accounts from the chart of accounts of Boyden Company are shown below 101 cash 112 accounts receivable 120 mer $15
859 ACC230 WK5 Chapter 4 statement of cash flows page 141 Little Bit Inc.   Statement of cash flows (Indirect method) $10
858 Single-step income statement Presented below is an income statement for Morton Company for the year ended December 31,20 $5
857 Presented below is certain information pertaining to Juan Company Assets, January 1       $5
856 The following trial balance was taken from the books of Fisk Corporation on December 31, 2007Account Debit Credit Cash $5
855 What is the journal entry for the following transactions. Purchases   Materials - growing  & $1.5
854 XYZ Company has an Accumulated Depreciation - Asset account with a balance of $22,000 on January 1, 2004 and a bala $3
853 UNIT 7 Finance Assignment 1.  You were hired as a consultant to Keys Company, and you were provided with the follow $10
852 Unit 6 Assignment Questions   Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the mark $10
851 A 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 exp $1.5
850 Parr 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 th $4
849 Suppose you hold a diversified portfolio consisting of $10,000 invested equally in each of 10 different common stocks. T $2
848 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%. What is Mag $1.5
847 Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans.  The fixed costs are $350,00 $6
846 EX 21-21 Candies Inc. manufactures and sells two products, marshmallow bunnies and jelly beans.  The fixed costs a $6
845 You hold a $1.3 million portfolio made of the following stocks. Stock A Market Value .2 million and Beta 1.5, Stock B Ma $4
844 Terminator Bug Company bonds have a 14% coupon rate. Interest is paid semi-annually. The bonds have a par value $1,000 a $3
843 The Hillman Company sells and services lawn mowers, snow blowers, and other equipment. The service department uses a job $6
842 Fishbone Corp wants to withdraw $120,000 (including principal) from an investment fund at the end of the each year for 9 $3
841 Uyeno Electronic Company manufactures a variety of electronic components. In May 2006, the company received an invitatio $12
840 A company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an $3
839 Kirk Company issues 10 year, 10% bonds with a face value (par) of $1,000,000 for $887,000 to yield 12% annually. Interes $7
838 A firm sold $500,000 of its 10% bonds for $494,650 on January 1, 2003. The bonds yielded 12% interest paid annually. Wha $2
837 Random Enterprises signed a discounted note on Jan 1, 2010 promising to pay the lender $10 million in 2 years, and will $2
836 Bob'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 $3
835 You purchased 1,000 shares of Oliver Inc. common stock one year ago for $50 per share. You decided to take your profit t $3
823 Common Costs and the Death Spiral Blaine Avenue Company manufactures three products. Gross margin computations for these $6
822 A 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 $2
821 A firm has notes payable of $1,546,000, long-term debt of $13,000,000, and total interest expense of $1,300,000. If th $3
820 Fields Corporation has 20,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock split. $5
819 Manilow Company issued $600,000, 9%, 20-year bonds on January 1, 2006, at 103. Interest is payable semiannually on July $4
818 12. A company has $6,000 share of common stock outstanding; total common stockholders' equity is $1,500,000. The book va $6
817  Phonetronix is a small manufacturer of telephone and communications devices ACC 561 2-65 CVP and Break-Even, &nbs $6
816 ACC 561 2-65 CVP and Break-Even,  Scenario: Phonetronix is a small manufacturer of telephone and communications dev $7
815 The Caltor company gathered the following condensed data for the years ended December 31,2007 cost of goods sold 710,000 $5
811 The riskless return is 6%. The expected excess return on the market portfolio is 8%. A stock’s beta is 1.35. Calculate t $3
810 Water Park, Inc., a midstate Texas recreation facility, is L = 27% debt financed. It pays corporate taxes at the rate of $6
809 Suppose a firm currently has an unleveraged required return of 10% and perpetual unleveraged after-tax income of $140,30 $5
808 John’s Restaurants is a gourmet restaurant service located in Philadelphia, A. It has an unleveraged required return of $5
807 A firm's long term assets = $75,000, total assets = $200,000, inventory = $25,000 and current liabilities = $50,00 $3
806 Create an Excel spreadsheet for a production plant that the company will lease for 5 years at US$1,500,000 per year; it $12
784 VCI's investment into the project would be 150,000. They estimate the total market for the film to be 100,000 units. Oth $3
783 A firm has sales of $10 million, variable cost of $5 million, EBIT of $2 million, and a degree of combined leverage of 3 $4
782 A 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 $3
781 General Cereal common stock dividends have been growing at an annual rate of 7 percent per year over the past 10 years. $3
780 Suppose the real risk-free rate is 3.50%, the average future inflation rate is 2.25%, and a maturity premium of 0.10% pe $2
779 Albatross Airline's fixed operating costs are $5.8 million, and its variable cost ratio is 0.20. The firm has$2 million $5
778 Rodney Rodgers plans to open a wholesale dairy products firm which will be completely financed with equity. He expects f $2
777 The accounts in the ledger are listed below. All accounts have normal balances. Prepare a trial balance and provide the $2
776 1. When cash is paid to a creditor, the firm's liabilities decrease. True False 2. A business transaction is a fin $5
775 The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginn $2.5
774 One company's accounting records for the year ended Dec 31 a-         Sales re $1.5
773 Maxwell Electronics had net income of $15 million last year, and had 3 million common shares outstanding. They declared $2
772 Life Company has had the following experience over the past five quarters: Units produced     &nbs $4
771 Percy Motors has a target capital structure of 40 percent debt and 60 percent common equity, with no preferred stock. Th $3
770 An investment project provides cash inflows of $830 per year for 8 years. a. What is the project payback if the initia $3
769 Brentwood Bat Factory Inc, has current assets of $3,400, net fixed assets of $7,100, current liabilities of $1900 and lo $2.5
768 An investment pays $2,000 per year for 10 years. The payments occur at the end of each year The required rate of return $3
767 Solarlight Inc. is considering a project with the following cash flows : YEAR  Cash Flow 1      $2
766 Highlight Inc. is considering an investment project with the following cash flows: YEAR       $2
765 You are considering the purchase of an outstanding Cookie Tronics bond that was issued 2 years ago. The bond has a 9.5% $5
764 Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expected portfolio return? AS $3
763 Expected portfolio return. Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expe $3
762 (Expected portfolio return) Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s exp $3
761 When the market rate of interest was 11%, Welch Corporation issued $100,000, 8%, 10-year bonds that pay interest semia $2
760 On January 1, 2007, the Kings Corporation issued 10% bonds with a face value of $100,000. The bonds are sold for $96,000 $4
759 A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on Janua $3
758 Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs are $1,290,000 per year. Sales revenue a $6
757 Multiple-product break even analysis. Florida Favorites Company produces toy alligators and toy dolphins. Fixed costs ar $6
756 Broomfield Company budgeted $6,000,000 of manufacturing overhead for the current year, and 50,000 hours of direct labor $5
755 Novelty Gifts, Inc. is experiencing some inventory control problems. The manager, Wanda LaRue, currently orders 5,000 un $5
754 The following information is available for the Koufax Company for the year ending Dec. 31, 2007:    &nbs $5
753 The accounts of the Capitan Company are shown below:             $5
752 The following are the year-end balances of Salter Corporation for 2006 and 2007:       &n $5