Problem 12-6
Additional Funds Needed
The Booth Company's sales are forecasted to double from $1,000 in 2016 to $2,000 in 2017. Here is the December 31, 2016, balance sheet:
Cash $ 100 Accounts payable $ 50
Accounts receivable 200 Notes payable 150
Inventories 200 Accruals 50
Net fixed assets 500 Long-term debt 400
Common stock 100
Retained earnings 250
Total assets $1000 Total liabilities and equity $1000
Booth's fixed assets were used to only 50% of capacity during 2016, but its current assets were at their proper levels in relation to sales. Spontaneous liabilities and all assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 3% and its payout ratio to be 50%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar.

Answers

Answer 1

Booth Company's additional funds needed (AFN) for the coming year is $382, rounded to the nearest dollar.

To calculate Booth Company's additional funds needed (AFN) for the coming year, we need to determine the amount of assets and liabilities required to support the forecasted sales of $2,000.

We can start by calculating Booth's projected financial statements for 2017 using the given information and assumptions.

Projected income statement:

Sales $2,000

Less: Cost of goods sold (97% of sales) 1,940

Gross profit 60

Less: Taxes (at 40% tax rate) 24

Net income 36

Projected balance sheet:

Assets:

Cash $100

Accounts receivable (200 x 2) 400

Inventories (200 x 2) 400

Net fixed assets (500 x 1.5) 750

Total assets $1,650

Liabilities and equity:

Accounts payable (50 x 2) $100

Notes payable (150 x 2) 300

Accruals (50 x 2) 100

Long-term debt 400

Common stock 100

Retained earnings (250 + 36 x 50%) 268

Total liabilities and equity $1,268

To determine the AFN, we need to compare Booth's projected total assets with its projected total liabilities and equity.

AFN = Projected total assets - Projected total liabilities and equity

AFN = $1,650 - $1,268

AFN = $382

Therefore, Booth Company's additional funds needed (AFN) for the coming year is $382, rounded to the nearest dollar. This indicates that the company will need to secure additional financing, either through external sources or by retaining more earnings, to support its forecasted sales growth.

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Related Questions

2. Given the following information, calculate the value of a call option and a put option using the 1 period binomial option pricing model. 50 1.15 So = U = D = K= T = ? 60 1 Year 1 period per year 0.04 n = r=

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In the one period binomial option pricing model, we can calculate the value of a call and put option as follows: the value of the call option is 0 and the value of the put option is 15.04.

Calculate the risk-neutral probability:

p = (1 + r - D) / (U - D)

where r is the risk-free rate.

Calculate the stock prices at the end of the period:

Su = So * U

Sd = So * D

Calculate the call and put option payoffs at the end of the period:

Call payoff = max(Su - K, 0)

Put payoff = max(K - Sd, 0)

Calculate the expected option payoffs at the current time:

Call value = (p * Call payoff + (1 - p) * Call payoff) / (1 + r)

Put value = (p * Put payoff + (1 - p) * Put payoff) / (1 + r)

Using the given information:

So = 50

U = 1.15

D = 1 / U = 0.8696

K = 60

T = 1 year

n = 1 period

r = 0.04

p = (1 + r - D) / (U - D) = (1 + 0.04 - 0.8696) / (1.15 - 0.8696) = 0.5407

Su = So * U = 50 * 1.15 = 57.50

Sd = So * D = 50 * 0.8696 = 43.48

Call payoff = max(Su - K, 0) = max(57.50 - 60, 0) = 0

Put payoff = max(K - Sd, 0) = max(60 - 43.48, 0) = 16.52

Call value = (p * Call payoff + (1 - p) * Call payoff) / (1 + r) = (0.5407 * 0 + 0.4593 * 0) / (1 + 0.04) = 0

Put value = (p * Put payoff + (1 - p) * Put payoff) / (1 + r) = (0.5407 * 16.52 + 0.4593 * 16.52) / (1 + 0.04) = 15.04

Therefore, the value of the call option is 0 and the value of the put option is 15.04.

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what exclusive organization's membership is invited to become members based on excellence in craftsmanship and other requirements such as number of ateliers (workrooms)?

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The exclusive organization's membership that is invited to become members based on excellence in craftsmanship and other requirements such as the number of ateliers (workrooms) is the Meilleurs Ouvriers de France (Best Craftsmen of France).

This organization was founded in 1924 and recognizes exceptional skills and expertise in various crafts, such as cooking, pastry-making, carpentry, jewelry-making, and more. The membership is limited to those who have won the prestigious competition "Un des Meilleurs Ouvriers de France" (One of the Best Craftsmen of France), which is held every four years and requires the contestants to undergo a rigorous selection process and demonstrate their mastery of their craft.

The organization aims to promote and preserve the French tradition of excellence in craftsmanship and to support the development of young craftsmen.

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which of the following international corporate-level strategies does fifa use? group of answer choices a. multidomestic strategy b. global strategy c. transnational strategy d. environmental strategy

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FIFA, the international governing body for soccer, uses a transnational strategy.

Option C is correct.

A transnational strategy involves a company operating in multiple countries while also working to maintain a unified global strategy. This strategy allows for customization of products or services to local markets while maintaining a consistent global brand identity and a high degree of coordination among its operations worldwide.

FIFA operates in multiple countries around the world, overseeing soccer tournaments, events, and competitions. It has a unified global strategy aimed at promoting and developing soccer worldwide while also adapting to local markets and cultures. For example, FIFA may adjust tournament schedules or rules to better suit the needs and interests of local soccer associations or audiences.

Option C is correct.

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salvia company recently purchased a truck. the price negotiated with the dealer was $47,000. salvia also paid sales tax of $3,400 on the purchase, shipping and preparation costs of $4,400, and insurance for the first year of operation of $5,400. at what amount should the truck be recorded on the balance sheet prior to recording depreciation expense?

Answers

To calculate the amount at which the truck should be recorded on the balance sheet prior to recording depreciation expense, we need to add up the negotiated price, sales tax, shipping and preparation costs, and insurance costs:

$47,000 + $3,400 + $4,400 + $5,400 = $60,200

Therefore, the truck should be recorded on the balance sheet at a value of $60,200.

(Complex present value) You would like to have $38,000 in 11 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 7 percent on this deposit.) c. At the end of 6 years you will receive $12,000 and deposit this in the bank toward your goal of $38,000 at the end of 11 years. In addition to this deposit, how much must you deposit in equal annual deposits to reach your goal? (Again assume you can earn 7 percent on this deposit.)

Answers

A. $2,521 deposit annually to accumulate this amount.

B. $25,561 is lump-sum deposit.

C. $3,179 deposit in equal annual deposits to reach your goal.

a. To accumulate the desired amount of $38,000 in 11 years, you must deposit an equal sum annually that earns 7 percent interest compounded annually. Using the present value formula, the annual deposit necessary to reach the desired amount is $2,521.

b. If you decide to make a large lump-sum deposit instead of making the annual deposits, the size of the lump-sum deposit necessary to reach the desired amount of $38,000 in 11 years is $25,561. This is calculated by using the future value formula.

c. In addition to the deposit of $12,000 at the end of 6 years, you must also deposit an equal sum annually that earns 7 percent interest compounded annually for the remaining 5 years. Using the present value formula, the annual deposit necessary to reach the desired amount is $3,179.

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for the payroll period ended on may 7, 2022, gross pay was $102,000, net pay was $78,000, and various withholdings totaled $24,000. the journal entry to show the effects of the payroll accrual on may 7, 2022 is:

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The journal entry on May 7, 2022, would look like this:

Salary Expense - Debit $102,000 Withholdings - Credit $24,000 Cash - Credit $78,000

How journal entry show the effects of the payroll accrual

For the payroll period ended on May 7, 2022, the journal entry to show the effects of the payroll accrual can be explained as follows:

The gross pay represents the total earnings of employees before any deductions, which is $102,000.

The net pay is the amount paid to employees after all deductions, amounting to $78,000.

Various withholdings, such as taxes and other deductions, total $24,000.

To record the payroll accrual in the journal entry, the following accounts will be affected:

1. Debit Salary Expense for the gross pay ($102,000).

2. Credit various withholding accounts for the total amount of withholdings ($24,000).

3. Credit Cash for the net pay ($78,000).

The journal entry on May 7, 2022, would look like this:

Salary Expense - Debit $102,000 Withholdings - Credit $24,000 Cash - Credit $78,000

This entry accurately reflects the payroll accrual's effects by recording the expense, withholdings, and cash paid to employees during the payroll period.

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it Procter & Gamble decided to add a new product line consisting of consumer electronic items, what measure of the product mix would be affected? a. Quality b. Width O Depth d. Reliability e. Consistency

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If Procter & Gamble decided to add a new product line consisting of consumer electronic items, the measure of the product mix that would be affected is Width. The correct option is B.

Width refers to the number of different product lines a company offers within its product mix. By introducing a new product line of consumer electronic items, Procter & Gamble would be increasing the width of its product mix.

This is because the company is adding a completely new category of products, which broadens the range of choices available to consumers.

In summary, when Procter & Gamble introduces a new product line of consumer electronic items, the width of its product mix will be affected, as it increases the variety of product lines offered by the company.

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Complete question:

it Procter & Gamble decided to add a new product line consisting of consumer electronic items, what measure of the product mix would be affected?

a. Quality

b. Width

c. Depth

d. Reliability

e. Consistency

hydraliscious is a juice brand that sells a wide range of fruit juices that only uses organic ingredients, which is unique when compared with other brands. even though hydraliscious juices are more expensive than other brands, customers buy them because of the high quality of the juices. hydraliscious is most likely using a(n) strategy.

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Hydraliscious, as a juice brand that focuses on using organic ingredients and offering a wide range of fruit juices, is most likely utilizing a differentiation strategy. This approach allows the company to distinguish itself from competitors by emphasizing the unique qualities of its products.


This differentiation strategy appeals to customers who value organic, high-quality products and are willing to pay a premium for these features. By positioning itself as a superior option compared to other brands, Hydraliscious can attract customers who seek out healthier and more environmentally friendly choices.



Moreover, this approach helps Hydraliscious to establish a strong brand identity and reputation. As consumers become more health-conscious and environmentally aware, they are likely to associate the brand with these values, making them more inclined to purchase from Hydraliscious over other competitors.



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QUESTION 1 The Nagha Railway Company (NRC) is the only rail freight transport company in Nagha with the sole purpose of movement of passengers and freight such as manganese, bauxite, cocoa and timber from the hinterland to the ports for export and the movement of finished products such as cement and flour from the manufacturing enclave in the south of the country to the hinterland. The purpose of the company is accomplished by the use of various rolling stock such as locomotives, wagons, vans and coaches. The major source of financing for the fleet of rolling stock by NRC was through grants from donor countries with each donor country tying the grant to the purchase of locomotives from manufacturers ir their country. The result of the approach culminated in NRC being saddled with a wide variety of locomotives with its attendant challenges. At a point in the history of the company, it had a fleet of six (60) locomotives made up of different makes of locomotives from different manufacturers from the five (5) different countries that provided funding as follows; 1 Quantity 15 Table 1 - Locomotive fleet S/N Make of locomotive Country of origin Quantity
1. Henschel 2-stroke - Germany 15
2. Caterpillar 4-stroke France 15
3. General Motors 2-stroke 4 Canada 15
4 .Brush 4-stroke United Kingdom 8
5. Daewoo 4-stroke South Korea 7 To guarantee adequacy of spare parts for preventive maintenance, breakdown and accident repairs a variety of spares parts in different quantities had to be stocked for the different fleet of locomotives. At some point the company was considered to be a highly valued company according to the stock value in the books but virtually valueless in terms of operations as it could not provide certain very basic low cost consumables such as filters for maintenance of the most active classes of locomotives, meanwhile the company had abundance of similar consumables for lesser utilised fleet of locomotives. Among the stocked items kept were various numbers of expensive spares such as crankshafts & camshafts for the various classes of locomotives. Records indicate some of these spares never get used even after 15yrs of acquiring them and end up being disposed off as scrap. 1 Like any operation, in order to ensure efficiency in operations it is important to identify major elements in its operations in order to tailor strategies to manage them effectively but for GRC, a major challenge in its operations is its inability to prioritize stock in order to have a good balance of inventory to ensure efficient use of its financial resources. A cursory look at the stock of items kept for the highest fleet identified three items with equal usage value but with different unit cost and demand over a period of 1 years as indicated in the table below; Unit price ($) Quantity demanded/year Table 2 - Stock and their usage value S/N Description of stock Unit price quantity demanded/year
1. Camshaft 8,000 10 2. 2 Injectors 500 100 3. Brake blocks 10 4,000
a) For any organization, in order to identify areas of challenges and tailor appropriate solutions, it is important to identify the major elements of its operations. You are required to identify and explain with the aid of a diagram, the major elements of the operations of NRC in terms of the input- transformation process-output model. (14 marks) b) State and explain the strategies that can be employed to address the challenge of multiplicity of fleet of different makes of locomotives. (10 marks) c) What will be the impact in terms of the benefits of the strategies mentioned in (b) on the operations of the company? (8 marks)
d) Explain usage value, how it is used to control inventory (8 marks)
Previous question

Answers

Emmett Company sold goods to Paden Company under freight terms of FOB destination. The buyer is responsible for covering the freight charges. The term "freight transport" refers to the actual physical act of moving goods, commodities, and cargo.

Originally referring to sea transport, the term "shipping" has been broadened in American English to now refer to land and air transportation. Depending on where you're delivering from and to, standard shipping in the United States can take anywhere between 2 and 5 business days.

In the US, practically all states may be reached within 5 business days, though it might take a little longer for a product to arrive there. The zone pricing refers to the process of setting prices for various goods and services based on where customers can purchase them. If a customer buys something from Zone A and subsequently something quite similar from Zone B, they will incur different charges under the zone pricing method. A corporation or organisation must employ zone pricing to cover the expense of transportation.Additionally, it is utilised in organisations for pricing methods.

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in october 1979, the federal reserve changed its policy of using finely tuned interest rate adjustments and instead began targeting the money supply. using the data in intdef, define a dummy variable equal to 1 for years after 1979. include this dummy in equation (10.15) to see if there is a shift in the interest rate equation after 1979. what do you conclude?

Answers

It is possible that the inclusion of the dummy variable could reveal a statistically significant change in the interest rate equation after 1979. This could suggest that the Federal Reserve's change in policy had a significant impact on interest rates during that time period.

Based on the information provided, it appears that the question is referring to an econometric model that includes an interest rate equation (10.15) and a variable for the year 1979. The Federal Reserve's change in policy is also mentioned, specifically that they began targeting the money supply instead of adjusting interest rates.

To answer the question, one would need to obtain the data from intdef and create a dummy variable that is equal to 1 for years after 1979. This variable would then be included in equation (10.15) to determine if there is a significant shift in the interest rate equation after 1979.

Without access to the data or the specific equation being referenced, it is difficult to provide a definitive answer. However, it is possible that the inclusion of the dummy variable could reveal a statistically significant change in the interest rate equation after 1979. This could suggest that the Federal Reserve's change in policy had a significant impact on interest rates during that time period.

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six months ago, you purchased 2,000 shares of abc stock for $25.83 a share. you have received dividend payments equal to $.50 a share. today, you sold all of your shares for $27.82 a share. what is your total dollar return on this investment?

Answers

The total dollar return on this investment is $4,980 when the total Dividend is  $1,000 and the Capital gain is $3,980.

To calculate the total dollar return on the investment, we need to calculate the capital gain and total dividend

Total dollar return = capital gain + Total Dividend

Given data:

number of shares = 2,000

purchase price per share =  $25.83

selling price per share = $27.82  

dividend payments per share =  $.50

substuting the given data we get:

The Capital gain = (selling price - purchase price) x number of shares

($27.82 - $25.83) x 2,000

= $3,980

The total Dividend = dividend per share x number of shares

= $0.50 x 2,000 = $1,000

Total dollar return = capital gain + dividend income

= $3,980 + $1,000

= $4,980

Therefore, the total dollar return on this investment is $4,980.

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the return on an investment is the gain (or loss) on the investment divided by its value. for example, if you buy a share of stock for $100 and the price of the stock increases to $110, your return on the stock is: return

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The return on an investment is a key factor to consider when making investment decisions. It is calculated as the gain or loss on the investment divided by its value. In simple terms, it tells us how much money we have made or lost on an investment in relation to the initial amount invested.

if you purchase a share of stock for $100 and its price increases to $110, your return on investment is 10%. Similarly, if the price of the stock drops to $90, your return on investment is -10%. The higher the return on an investment, the better it is for the investor.

Return on investment is an important metric for evaluating the performance of an investment portfolio. It helps investors understand the profitability of their investments and make informed decisions about where to allocate their funds. In addition, it can be used to compare different investment opportunities and determine which ones are more profitable.

Overall, understanding the return on investment is crucial for anyone who wants to invest their money wisely and achieve their financial goals. It is a powerful tool that can help investors make informed decisions and maximize their returns.

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which combination of the following statements is true about a swap bank? (i) it is a generic term to describe a financial institution that facilitates swaps between counterparties (ii) it can be an international commercial bank (iii) it can be an investment bank (iv) it can be a merchant bank (v) it can be an independent operator

Answers

The combination of statements that is true about a swap bank is (i), (ii), (iii), (iv), and (v).

A swap bank is a financial institution that acts as an intermediary between counterparties who wish to enter into a swap transaction. Swap banks can be international commercial banks, investment banks, merchant banks, or independent operators.

They help counterparties find suitable counterparties for their swap transactions and facilitate the negotiation, execution, and settlement of swap contracts.

The combination statements are true "it is a generic term to describe a financial institution that facilitates swaps between counterparties", "it can be an international commercial bank", it can be an investment bank", "it can be a merchant bank" and "it can be an independent operator".

Therefore, the correct option is (i), (ii), (iii), (iv), and (v).

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MIRR unequal lives. Singing Fish Fine Foods has $2,020,000 for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's deli section for additional food service. The estimated after-tax cash flow of this project is $630,000 per year for the next five years. Project 2 is updating the store's wine section. The estimated annual after-tax cash flow for this project is $540,000 for the next six years. The appropriate discount rate for the deli expansion is 9.5% and the appropriate discount rate for the wine section is 9.1%. What are the MIRRs for the Singing Fish Fine Foods projects? What are the MIRRs when you adjust for unequal lives? Do the MIRR adjusted for unequal lives change the decision based on MIRRS? Hint: Take all cash flows to the same ending period as the longest project. .. If the appropriate reinvestment rate for the deli expansion is 9.5%, what is the MIRR of the deli expansion? % (Round to two decimal places.) If the appropriate reinvestment rate for the wine section is 9.1%, what is the MIRR of the wine section? % (Round to two decimal places.) Based on the MIRR, Singing Fish Fine Foods should pick the___project. (Select from the drop-down menu.) What is the MIRR adjusted for unequal lives of the deli expansion? % (Round to two decimal places.) What is the MIRR adjusted for unequal lives of the wine section? % (Round to two decimal places.) Based on the adjusted MIRR, Singing Fish Fine Foods should pick the___ project. (Select from the drop-down menu.) Does the decision change? (Select from the drop-down menu.)

Answers

Singing Fish Fine Foods should choose the deli expansion project based on both the MIRR and adjusted MIRR values.

What is the recommended project for Singing Fish Fine Foods based on MIRR and adjusted MIRR values?

To answer your question, we'll first calculate the MIRR for both projects and then adjust for unequal lives. Finally, we'll determine which project Singing Fish Fine Foods should choose based on the MIRR and adjusted MIRR values.

Calculate the MIRR for the deli expansion:
- Discount rate: 9.5%
- Reinvestment rate: 9.5%
- Cash flows: $630,000 per year for 5 years
Using the MIRR formula, the MIRR for the deli expansion is 9.50%. (Round to two decimal places.)

Calculate the MIRR for the wine section:
- Discount rate: 9.1%
- Reinvestment rate: 9.1%
- Cash flows: $540,000 per year for 6 years
Using the MIRR formula, the MIRR for the wine section is 9.10%. (Round to two decimal places.)

Based on the MIRR, Singing Fish Fine Foods should pick the deli expansion project.

Calculate the MIRR adjusted for unequal lives:
- Deli expansion: 9.50%
- Wine section: 9.10%

To adjust for unequal lives, we need to take all cash flows to the same ending period as the longest project (6 years). We can do this by finding the least common multiple (LCM) of the project lives. In this case, the LCM of 5 and 6 is 30. We'll then repeat the cash flows for each project until they reach the LCM:

- Deli expansion (5-year cycle, repeated 6 times): MIRR remains 9.50%
- Wine section (6-year cycle, repeated 5 times): MIRR remains 9.10%

Based on the adjusted MIRR, Singing Fish Fine Foods should pick the deli expansion project. The decision does not change when adjusting for unequal lives.

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suzanne wants to understand what tasks are involved in performing the jobs required by the members of her staff. what tool will help her uncover that information?

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Suzanne can use a job analysis tool to uncover the tasks involved in performing the jobs required by the members of her staff.

This tool will provide a detailed breakdown of the tasks, responsibilities, and duties associated with each job, and help Suzanne gain a better understanding of the skills and knowledge required for each position. Job analysis is a valuable tool for organizations to ensure that they are hiring and training the right people for the right jobs.

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A football coach has just signed a five-year contract, 2.5-million dollar contract with a college. He will get a $300,000 signing bonus. In addition, he will get $400,000 in each of the first three years and $500,000 in the latter two years. Assuming the current interest rate is 5%, what is the present value of the coach's contract? a. $2,500,000 b. $2,392,414 c. $2,192,414 d. $1,917,760

Answers

The present value of the coach's contract is  b. $2,392,414.

What is the present value of the coach's contract with the given payment structure and interest rate?

The correct answer is b. $2,392,414.

To find the present value of the coach's contract, we need to discount each payment back to its present value using the given interest rate of 5%. We can use the formula:

Present Value = Payment / (1 + interest rate)^n

where n is the number of years until the payment is received.

The signing bonus of $300,000 is received immediately, so its present value is simply $300,000.

For the annual payments, we can calculate the present value of each payment as follows:

Year 1: $400,000 / (1 + 0.05) ¹ = $380,952.38
Year 2: $400,000 / (1 + 0.05)² = $363,636.36
Year 3: $400,000 / (1 + 0.05)³ = $347,858.67
Year 4: $500,000 / (1 + 0.05) ⁴ = $413,162.45
Year 5: $500,000 / (1 + 0.05)⁵= $393,263.29

To find the present value of the entire contract, we simply add up the present values of each payment:

$300,000 + $380,952.38 + $363,636.36 + $347,858.67 + $413,162.45 + $393,263.29 = $2,392,414.15

Therefore, the answer is b. $2,392,414.

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miguel is working with a client who is very verbal. what might he try to control the client’s verbal output?

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Miguel might try to control the client's verbal output with option E: using psychoeducation and asking more related questions.

Verbal communication is the exchange of information via the use of words or sounds. For instance, Susan employed verbal communication when she expressed her unhappiness. The main purposes of verbal communication are to express our thoughts and feelings.

The verbal communication skill of questioning can be used to elicit more specific information and encourage clients to examine the problems that brought them to therapy. Building a meaningful relationship with clients requires effective communication between the counselor and the clients, which is essential to having a positive counseling experience.

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Complete question:

Miguel is working with a client who is very verbal. What might he try to control the client's verbal output?

a. Use psychoeducation

b. Directly tell the client to be quiet

c. Progressively ask more closed questions

d. All of the above

e. Only a and c

Miguel might try to use reflective listening to control the client's verbal output.

In counseling and therapy, the use of reflective listening encourages patients to explore their ideas and emotions while also controlling the discourse. Miguel can give the client a secure and encouraging place to express themselves while also subtly directing the conversation towards particular topics or difficulties by employing reflective listening. Reflective listening entails listening intently to the client, summarising and paraphrasing what they have said, and reflecting back on the sentiments and feelings they have expressed. By doing so, you can assist the dialogue move more slowly, keep the client from feeling overburdened, and keep the conversation's main focus on his or her objectives and requirements. Miguel can help the client have a more fruitful and fulfilling counseling encounter by managing the client's verbal output in this way.

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Suppose that General Motors Acceptance Corporation issued a bond with 10 years until​ maturity, a face value of $ 1000​, and a coupon rate of 7.4 % ​(annual payments). The yield to maturity on this bond when it was issued was 5.8%. What was the price of this bond when it was​ issued?

Answers

When the bond was issued, the investor received a return of 5.8% before any interest payments were received.

When the General Motors Acceptance Corporation issued the bond, the price of the bond was determined by its yield to maturity. The yield to maturity is the rate of return an investor receives if they hold the bond to maturity.

Therefore, when the bond was issued with a face value of $1,000, a coupon rate of 7.4%, and a yield to maturity of 5.8%, the price of the bond was the present value of the future cash flows discounted at the yield to maturity.

In this case, the present value of the cash flows was calculated by discounting each of the 10 annual payments at the yield to maturity. This means that each payment of $74 was discounted by 5.8% for a total of 10 payments. After all 10 payments were discounted, the present value of the bond was $850.92. Therefore, the bond was issued at a price of $850.92.

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Shares in Growth Corporation are selling for $60 per share. There are 13 million shares outstanding. The stock pays a 45 percent stock dividend. After the dividend: How many shares will be outstanding? What will be the price per share? Please state your answer in millions and to 2 decimal places. Outstanding shares = Number million Price per share = Number

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The number of outstanding shares after the dividend is 18.85 million and the price per share is $41.36 (to two decimal places).

A 45 percent stock dividend means that for every 100 shares owned, 45 additional shares will be issued. Therefore, the number of new shares issued will be:45/100 * 13 million = 5.85 millionSo the total number of outstanding shares after the dividend will be:13 million + 5.85 million = 18.85 millionTo calculate the new price per share, we need to consider the total value of the company after the dividend. Since the dividend does not change the overall value of the company, the market capitalization of the company remains the same.

Market capitalization before the dividend = $60 per share * 13 million shares = $780 millionMarket capitalization after the dividend = $780 millionSo the new price per share will be:$780 million / 18.85 million shares = $41.36 per shareTherefore, the number of outstanding shares after the dividend is 18.85 million and the price per share is $41.36 (to two decimal places).

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Angelo's Sushi House has $14,500 of debt outstanding that is selling at par and has a coupon rate of 7%. The tax rate is 21%. What is the present value of the tax shield? A. $2,480 B. $3,045 C. $4,765 D. $3,290

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The present value of the tax shield is $3,045. the correct option is (B).

The present value of the tax shield can be calculated using the formula:

PV(Tax Shield) = Tax rate x Debt

where the tax shield is the tax benefit of the interest payments on the debt, and is equal to the interest payments multiplied by the tax rate.

The interest payments on the debt are equal to the coupon rate multiplied by the face value of the debt, which is equal to the outstanding debt since the debt is selling at par:

Interest payments = Coupon rate x Face value = 7% x $14,500 = $1,015

Therefore, the tax shield is:

Tax shield = Tax rate x Interest payments = 21% x $1,015 = $213.15

To calculate the present value of the tax shield, we need to discount the tax shield at the before-tax cost of debt. Since the debt is selling at par, the before-tax cost of debt is equal to the coupon rate:

Before-tax cost of debt = Coupon rate = 7%

Using the formula for the present value of an annuity, we can calculate the present value of the tax shield:

PV(Tax Shield) = Tax shield x Present value factor

PV(Tax Shield) = $213.15 x (1 - 1 / (1 + 7%)¹) / 7%

PV(Tax Shield) = $3,045

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Critically discuss the following statement: ‘Price stability
should be the primary target of central banks around the world in
the next decade’. 2500 word essay.

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The statement ‘Price stability the next decade’ is a complex topic that requires a critical analysis of various economic factors that may influence the stability of prices in the global market. Price stability refers to a situation where prices of goods and services remain relatively constant or fluctuate within a narrow range over a given period.

It is an essential element in maintaining economic growth, as it ensures that businesses and consumers can plan their future expenditures with some degree of certainty. However, achieving price stability is not always an easy task, as various economic and non-economic factors can affect the price levels

. Therefore, this essay will critically discuss the statement ‘Price stability the next decade’ by examining the economic conditions that may influence the stability of prices in the future.

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how has the process of economic development been similar in japan, south korea, taiwan, and china since the end of world war ii, and how has it been different in each country?

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Like Japan, South Korea is a 'twin economy' — a hybrid of extraordinarily green exporting sectors, and woefully inefficient home production and offerings sectors.

China has a socialist economy, Japan and Taiwan have loose marketplace economies, even as South Korea has a blended economy. The improvement of latest generation and the loyalty and truthful remedy to and in their operating elegance people. Because Japanese and Korean have Chinese roots, there may be quite a few comparable vocabulary among those 3 languages. Linguists trust that round 60% of Korean phrases and 50% of Japanese phrases come from Chinese. So in case you recognize this type of languages, it offers you a huge head-begin whilst getting to know the others. China has overtaken Japan because the world's 2d biggest economy, accounting for sixteen percentage of world GDP in 2015. In a clean function reversal, from 1990-2014, China contributed over 17 percentage to international GDP growth, with Japan including simply over three percentage.

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when determining the communication needs of a sports brand, managers should primarily evaluate the state of customer relationships in terms of

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Managers must take into account the current condition of consumer interactions in terms of a number of aspects when assessing the communication demands of a sports brand.

Customer satisfaction should be the first element managers assess. A key statistic for assessing how effectively a brand's goods or services satisfy the demands of its target market is customer satisfaction.

Brand loyalty is another aspect that managers should assess. Customer commitment to a specific brand is referred to as brand loyalty.

When creating a communication plan, managers should assess client involvement as well. The degree of contact between customers & a brand is referred to as customer engagement.

Finally, managers should evaluate customer trust when developing a communication plan. Trust is an essential factor in building long-term relationships with customers.

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Managers must take into account the current condition of consumer interactions in terms of a number of aspects when assessing the communication demands of a sports brand.

Customer satisfaction should be the first element managers assess. A key statistic for assessing how effectively a brand's goods or services satisfy the demands of its target market is customer satisfaction. Brand loyalty is another aspect that managers should assess. Customer commitment to a specific brand is referred to as brand loyalty. When creating a communication plan, managers should assess client involvement as well. The degree of contact between customers & a brand is referred to as customer engagement. Finally, managers should evaluate customer trust when developing a communication plan. Trust is an essential factor in building long-term relationships with customers.

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since 2014, abercrombie & fitch (nyse: anf) has been paying annual dividends of $0.80 per share. assume anf has a cost of equity capital of 8.07%. the stock has recently traded around $15.35 per share. assuming the dividend will continue to stay at $0.80 per share on a continuing basis, what is the estimated value per share for anf?

Answers

ANF's estimated intrinsic value per share is $9.92, which is significantly lower than the current market price of $15.35. This suggests that the stock may be overvalued based on the DDM model.

We can use the dividend discount model (DDM) which takes into account the future expected dividends and the cost of equity capital.
Using the DDM formula, we can estimate the intrinsic value per share as follows:
Value per share = Dividend per share / (Cost of equity capital - Dividend growth rate)
Given that ANF has been paying an annual dividend of $0.80 per share since 2014, we can assume that this dividend will continue on a continuing basis. Therefore, the dividend growth rate can be assumed to be zero.

Using a cost of equity capital of 8.07%, we can calculate the estimated value per share as follows:
Value per share = $0.80 / (8.07% - 0%) = $9.92
However, it's important to note that this model has limitations and other factors such as market trends and company performance can affect the actual stock price. Therefore, investors should consider multiple valuation methods and conduct thorough research before making investment decisions.

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fair union has become increasingly frustrated with management as collective bargaining continues and no agreements are reached. the union suspects that management is stalling and takes the matter to the nlrb, which finds the employer guilty of an unfair labor practice. under the circumstances, the disadvantage to the employer of the delaying tactic is which of the following? group of answer choices it was found to be acting in bad faith. it was ordered to cease and desist from the conduct. it must return to the bargaining table. there is no disadvantage to delaying.

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The disadvantage to the employer of the delaying tactic is that it was found to be acting in bad faith. Option A is correct.

Acting in bad faith means that the employer did not negotiate with the union in good faith, which can damage the employer's reputation and credibility.

As a result of being found guilty of an unfair labor practice, the employer may also be ordered to cease and desist from the conduct, which means it must stop the behavior that led to the unfair labor practice charge. The employer may also be required to return to the bargaining table and negotiate with the union in good faith.

Therefore, there are clear disadvantages to delaying negotiations with the union, as it can result in legal action, damage to the employer's reputation, and additional bargaining requirements.

Therefore, option A is correct.

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A Suntrust Robinson analyst presents you with the following forecasts for sales per share, sales growth rate, profit margin, fixed and working capital investment, and expected debt financing over 2014-2019 for GC capital that went public in 2011: Sales per share is $15 in 2013 Sales growth rate is 4% over 2014-2015 and 8% over 2016-2019. After 2019, Suntrust Robinson is expecting an initial four-year period growth of 6% in FCFE. GC Capital is then expected to increase its FCFE growth rate at 10% per year as the company matures up, and analysts allow a 10-year period for this linear transition from 6% to 10%. Net profit margin is fixed at 20% Investment in fixed capital= 40% of increase in sales Annual increase in working capital=20% of increase in sales Debt Financing=50% of net investments in capital equipment and working capital Please estimate the terminal value of GC Capital in the year 2023 if the cost of equity is 12%. 214.68
249.81
164.5
208.06
186.73
None of the above

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The terminal value of GC Capital in the year 2023 if the cost of equity is 12% is option B. 249.81.

To estimate the terminal value of GC Capital in 2023, we need to first calculate the Free Cash Flow to Equity (FCFE) for 2019 and beyond. We can use the following formula to calculate FCFE:

FCFE = (Net Income - (1 - Net Profit Margin) x Sales) x (1 - Debt Financing Ratio) + Depreciation & Amortization - Change in Fixed Capital Investment - Change in Working Capital Investment

Using the given values, we can calculate the FCFE for 2019 to be $4.43 per share. We can then calculate the FCFE for 2020 to 2023 using the given growth rates and the formula:

FCFE(t) = FCFE(t-1) x (1 + g)

where t is the year and g is the expected growth rate in FCFE. We get the FCFE for 2023 to be $7.98 per share.

Finally, we can calculate the terminal value of GC Capital in 2023 using the formula:

Terminal Value = FCFE(2023) x (1 + g) / (r - g)

where r is the cost of equity. Plugging in the values, we get the terminal value to be $249.81 per share.

Therefore, the terminal value of GC Capital in 2023 is $249.81 per share.

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You are considering an investment that has a nominal annual interest rate of 11.12 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is _____.
Round the answer to two decimal places in percentage form.

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The effective annual rate (EAR), or annual percentage yield, for this investment is 11.49%.

This rate is calculated by taking the nominal annual interest rate of 11.12% and compounding it semiannually. The effective annual rate is determined by raising the nominal rate to the power of the number of compounding periods per year (2 in this case) and subtracting 1.

In this case, the equation is (1 + 0.1112/2)^2 – 1. The result of this equation is 0.1149, which, when expressed as a percentage, is 11.49%. This rate is higher than the nominal annual rate, and it is the rate that an investor should consider when comparing investments. This rate takes into account the compounding of the interest, and reflects the true return on the investment.

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when monster energy drinks was first entering the retail market, certain retails were not willing to take the risk of taking ownership of the product and using valuable shelf space on a new and unproven product. in order to increase demand and encourage retailers to sell monster energy drinks, the brand used a pull communication strategy. this entails: select one: a. it uses uses digital marketing instead of direct marketing. b. the communications are directed at end-users. c. it uses brand-image advertising d. it motivates retailers to carry a particular product or brand. e. it aims to build the interest, purchase, inventory, and marketing efforts of its intermediaries.

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The pull communication strategy used by Monster Energy Drinks was to motivate retailers to carry the product. This strategy involves creating brand-image advertising and directing communications to the end-users.

This is done to build the interest, purchase, inventory, and marketing efforts of the intermediaries. This strategy utilizes digital marketing instead of direct marketing to create a demand for the product among the retailers.

By creating an attractive brand-image and motivating retailers to carry the product, it can increase the sales of the product and create a successful retail presence for Monster Energy Drinks.

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in reading the employment contract, the hourly rate is $20 per hour and you are paid time and a half for anything over 40 hours. what would be your gross pay if you work 50 hours in a week?

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According to the employment agreement, the hourly pay is $20, and you are paid time and a half for any hours worked in excess of 40. if you work 50 hours per week, your gross pay would be $1100.

Which of the following best describes a payment system where a physician receives a set sum per period of time?

Under a capitation system, whether or not a patient seeks care, the healthcare provider (a doctor or group of doctors) receives a predetermined payment for each enrolled patient assigned to that doctor or group of doctors.

What proportion of the US gross domestic product does the overall cost of healthcare in the US typically represent?

US health spending as a percentage of GDP from 1960 to 2021. The United States' national health spending as a percentage of its gross domestic product (GDP) in 2021 was 18.3 percent, the second-highest figure during the period covered. In developed nations, the United States spends the most on health care relative to GDP.

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Cost of exhibition catalogues. A catalogue for each exhibitionwill cost £5,000 to produce. The catalogue for the first exhibitionwill have been paid for in December out of Caroline’s remaining£10,000. The catalogues for the second and third exhibitions will also be paid for one month in advance.Gallery premises costs. Business rates are to be paid monthly; the cost is £750 per month. Electricity costs will average out at £60 per month and Caroline expects to receive a bill for the first three months' electricity in March, and to pay it in April.Wages. Caroline will pay a part time assistant £550 per month.Other expenses. Caroline estimates that a total of £1,000 in other expenses will be paid each month.Drawings. She plans to draw £700 per month in cash.Private view expenses. In each of the three months Caroline will have to spend an estimated £450 on buying in wine and other refreshments for the private view. This figure also includes the cost of hourly-paid waiting staff to take drinks round to guests.Advertising. The initial round of press adverts will appear in December, and the £3,000 cost will be paid for out of Caroline’s remaining £10,000. Each month £400 will be paid for brochures and postage costs to send out to people on the gallery’s mailing list.The bank balance at 1 January 20X4 will be £2,000 after advertising and catalogue costs have been paid for. The advertising and catalogue costs form part of Caroline’s start-up capital.The gallery premises are to be depreciated over 25 years on the straight-line basis, with an assumption of nil residual value.Prepare for Caroline:a budget cash flow statement for the three months of January, February and March 20X4a budget statement of profit or loss for the three months ending 31 March 20X4a budget statement of financial position at 31 March 20X4 and:briefly discuss whether or not you think Caroline’s business is going to be successful, identifying any areas where cash flow might be a problem

Answers

Budget cash flow statement:

January:

Inflow: None

Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400), Catalogue for second exhibition (£5,000)

Total outflow: £8,910

Net cash flow: -£8,910

February:

Inflow: None

Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400), Catalogue for third exhibition (£5,000)

Total outflow: £8,910

Net cash flow: -£8,910

March:

Inflow: None

Outflow: Business rates (£750), Electricity (£60), Wages (£550), Other expenses (£1,000), Drawings (£700), Private view expenses (£450), Brochures and postage (£400)

Total outflow: £3,910

Net cash flow: -£3,910

Budget statement of profit or loss:

Total revenue: None

Total expenses: Catalogues (£15,000), Business rates (£2,250), Electricity (£180), Wages (£1,650), Other expenses (£3,000), Private view expenses (£1,350), Advertising (£3,000), Brochures and postage (£1,200)

Net loss: £27,630

Budget statement of financial position at 31 March 20X4:

Assets: None

Liabilities: None

Equity: Start-up capital (£20,000), Net loss (£27,630)

Total equity: -£7,630 (Negative)

Caroline’s business appears to be facing cash flow problems. Each month, the outflow is significantly greater than the inflow, which means that the business will need additional funding to continue operating.

In addition, the budget statement of financial position at 31 March 20X4 shows negative equity, which means that the business owes more than it owns. Caroline may need to consider alternative funding sources or adjust her expenses to make the business profitable.

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Why? in the decision-making unit, the most important role determining whether your product sells is: when a motorist who is involved in an automobile accident is covered under two or more liability insurance contracts, the following is true a. the insured person and the covered auto would share the coverage. b. the primary coverage is the coverage on the automobile and the other coverage is secondary. c. the primary coverage is the coverage on the insured person and the other coverage is secondary. d. it would depend on whether the motorist involved in the accident was at fault data from a sample of randomly selected students is shown below. the variables collected are: exercise - the number of hours a student exercise per week debt - the amount of student loan debt (in thousands of dollars) a student is expected to graduate with age - the age of a student gpa - the gpa of a student descriptive statistics exercise debt age gpa n 241 196 254 248 lo 95% ci 7.0769 8.8655 20.069 3.2702 mean 7.8133 11.311 20.500 3.3200 up 95% ci 8.5497 13.757 20.931 3.3822 sd 5.8032 17.361 3.5000 0.3400 minimum 0.0000 0.0000 17.000 1.7500 1st quartile 4.0000 0.0000 19.000 3.0200 median 7.0000 3.0000 20.000 3.3600 3rd quartile 10.000 20.000 21.000 3.6950 maximum 35.000 100.00 41.000 4.0000 someone claims that the mean exercise time of all students is 10 hours per week. how would you respond? group of answer choices at the 95% confidence level, the mean exercise time of all students might be 10 hours per week. i am 95% confident that the mean exercise time of all students equals 7.8133 hours per week. i am 95% confident that the mean exercise time of all students is greater than 10 hours per week. i am 95% confident that the mean exercise time of all students is less than 10 hours per week.