Ch7
303 Pages

Ch7

Course Number: MECH 17657, Spring 2010

College/University: Indian Institute of...

Word Count: 3220

Rating:

Document Preview

1) Which of the following trading strategies are correct? I. If you expect the British pound to appreciate in value, you should short the pound. II. If you expect interest rates to rise, you should go long on interest rate futures. III. If you expect the stock market to rise, you should go long on stock-index futures. IV. If you expect the stocks in your portfolio to temporarily decline in value, you...

Unformatted Document Excerpt
Coursehero >> India >> Indian Institute of Technology, Delhi >> MECH 17657

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Which 1) of the following trading strategies are correct? I. If you expect the British pound to appreciate in value, you should short the pound. II. If you expect interest rates to rise, you should go long on interest rate futures. III. If you expect the stock market to rise, you should go long on stock-index futures. IV. If you expect the stocks in your portfolio to temporarily decline in value, you should short stock-index futures. A) I and II only B) II and IV only C) III and IV only D) I and III only 2) Assume an investor thinks the stock market is about to undergo a sharp retreat. Under these conditions, the investor's best course of action would be to A) buy stock-index futures contracts. B) short sell C) stock-index futures contracts. use single stock futures to sit out the market. D) use a long hedge against the investor's existing positions. 3) Mr. Lecourt sells short 200,000 euros for $240,000. The exchange rate moves from $1.20 per euro to $1.25. If Mr. Lecourt covers his short at this point, he A) loses $10,000. B) gains $10,000. C) loses $12,000. D) gains $12,000. 4) To hedge a bond portfolio, an investor should use A) a foreignB) currency future. a stock-index future. C) a certificate of deposit. D) an interest rate future. 5) Assume a manager created a short interest rate hedge for his/her portfolio. Given this hedge, the manager is portfolio A) essentially B) eliminating both the downside risk and the upside potential. eliminating the downside risk without hampering the upside potential. C) partially D) diminishing the downside risk without impairing the upside potential. eliminating the downside risk and increasing the upside potential. 6) Suppose of British securities valued at $430,000. The exchange rate is currently at $1 = 0.57. A currency you own a contract on British pounds is set at 62,500 pounds. How many contracts must you purchase to protect portfolio your portfolio from exchange rate risk? A) 1 B) 2 C) 3 D) 4 7) One of the biggest differences between a futures option and a futures contract is that A) the option limits the loss exposure to the price of the option. B) the futures C) contract limits the loss exposure to the price of the contract. an option can be traded on the secondary market, whereas a futures contract cannot. D) a futures 8) contract can be traded on the secondary market, whereas an option cannot. Some combine two or more different futures contracts into one investment position that offers the potential for investors generating a modest amount of profit while restricting exposure to loss. This practice is called A) speculating. B) spreading. C) gambling. D) market making. 9) If an commodities market by buying a contract, he/she should do which of the following? investor is I. realize that making a profit is relatively easy going to II. be mentally prepared for an enormous loss participat III. be financially able to meet repeated margin calls e in the IV. spend all of their available cash on margin deposits A) I, II and III only B) II and III only C) II and IV only D) II, III and IV 10) only Larry is a corn farmer. To attempt to maximize the value of his crop, Larry is most likely to benefit from A) selling his crop at the market price when it is harvested. B) buying a futures contract on corn for delivery at harvest time. C) selling a futures contract on corn for delivery at harvest time. D) buying a futures contract on corn and selling a futures contract on wheat. 11) Fred contract on live hogs through Broker A. After purchasing the contract, Fred moved his investments to purchased Broker B. During the transition, the contract on the hogs was forgotten. When the delivery date for the a futures futures contract arrived, A) the pigs were B) not delivered because Fred did not ask for them. the futures C) contract was not exercised. Fred take D) delivery of live hogs. Broker A had to pay for the hogs so that they would not be delivered to Fred. 12) The futures market contains two primary types of traders: hedgers and speculators. In this context, speculators A) trade futures B) contracts solely to earn a profit on expected swings in the price of the contract. trade futures C) contracts because of a need to protect a position in an underlying commodity. are usually D) farmers who actually raise or grow the commodity being traded. provide the base commodity while the hedgers provide the liquidity. 13) Which of the following is(are) correct statements about the buyer of a futures contract? I. The contract buyer is short on the position. II. The contract buyer wants the price of the item to increase. III. The buyer can liquidate the position with an offsetting transaction. IV. The majority of the buyers actually take delivery of the item. A) II only B) I and II only C) I and IV only D) II and III only 14) In the futures markets, gains and losses in a contract's value are calculated every day and added to or subtracted from the trader's account. This procedure is called A) checking the B) maintenance margin. checking the C) maintenance deposit. settling. D) mark-to-the15) market. The margin deposit associated with the purchase of a futures contract A) is a partial contract with the amount of the payment equal to 10% or more of the contract value. payment on the B) represents the equity in the contract with the balance of the contract financed with borrowed funds at the margin purchasers rate of interest. C) is related to the value of the item underlying the contract. D) is used to cover any loss in market value of the contract resulting from adverse price fluctuations. 16) Grant stock at an exercise price of $25. The market price of XYZ stock when Grant purchased the call was $24 purchased a share. XYZ is currently priced at $30 a share. Grant paid $120 to buy the call. How much profit will one call Grant make if he exercises the option today and then sells the shares? Ignore all transaction-related costs. on XYZ A) $380 B) $480 C) $500 D) $600 17) Rex price of $35 when the market price of Alpha stock was $33 a share. Alpha is currently selling at $34 a bought a share. Which of the following statements are true given this information? put on I. Rex's option is worth at least $100 today. Alpha II. Rex's option is worthless today. stock with III. Rex's option has more value today than when he bought it. a strike IV. Rex's option has less value today than when he bought it. A) I and III only B) I and IV only C) II and III only D) II and IV only 18) Which of the following represent in-the- money options? I. a call when the market price exceeds the strike price II. a call when the strike price exceeds the market price III. a put when the market price exceeds the strike price IV. a put when the strike price exceeds the market price A) I and III only B) I and IV only C) II and III only D) II and IV only 19) What is the time premium of a put with a strike price of $25 when the option price is $2 and the underlying common stock sells for $24? A) $100 B) $200 C) $300 D) $400 20) Margaret the price of Ajax stock is about to decrease. If she wants to capture the price appreciation, she could believes __________ on Ajax stock. A) buy a call B) write a put C) buy a put D) sell a put 21) Roselle to buy one put option with a strike price of $35. What is the maximum profit Roselle can earn on her paid $250 option contract? A) $100 B) $350 C) $3,250 D) Her profit 22) potential is unlimited. The price currently $42 per share, but in six months you expect it to rise to $50. ABC does not pay a dividend. You of ABC buy a six-month call on ABC, with a strike price of $45. The option cost $200. What holding period stock is return do you expect on this call? Ignore transaction costs and taxes. A) 150% B) 200% C) 250% D) 300% 23) Tiffany would like to own shares of Blackwood, Inc. but only if she can acquire them at a total cost of $30 a share or less. Blackwood is currently trading at $31.76. Cynthia should __________ with a strike price of $30. Ignore transaction costs. A) buy a call B) buy a put C) write a call D) write a put 24) Fred bought 600 shares of Edgewood stock at a price of $19. The stock is currently selling for $53 a share. To protect his profits, Fred should buy A) 600 call options with a strike price of $55. B) 600 put options with a strike price of $50. C) 6 call options with a strike price of $55. D) 6 put options 25) with a strike price of $50. Which one of the following actions would be the most appropriate hedge to a short sale of common stock? A) sale of a call B) purchase of a C) call sale of a put D) purchase of a 26) put Steve bought 300 shares of stock at a price of $20 per share. The price of the stock then went up to $33 per share so Steve decided to hedge his position by purchasing 3 puts at a cost of $120 each. The puts have an exercise price of 30. One week prior to the expiration of the puts, the price of the stock was at $22 per share. If Steve closed out all of his positions at that time, he would have earned a net profit of A) $200. B) $240. C) $2,640. D) $3,000. 27) Allison bought 100 shares of MIKO, Inc. stock at a price of $35 a share. In addition, she bought a 35 put on MIKO at a cost of $125. Which of the following are true about Allison's position from now until the option expiration date? I. Her maximum loss is $3,625. II. Her maximum loss is $125. III. Her minimum gain is $125. IV. Her maximum profit is unlimited. A) I and IV only B) II and III only C) II and IV only D) II, III and IV 28) only For a stock the investment, dividend yield is calculated by A) dividing a B) stock's annual cash dividend by its price. dividing a C) stock's price by its annual cash dividend. multiplying a stock's semi-annual dividend by two. D) dividing the in the stock's price plus its annual dividend amount by the beginning of the year price. annual change 29) Juan's $125,640 at the beginning of the year. During the year, Juan received $603 in interest income and $298 investmen in dividend income. Juan also sold shares of stock and realized $1,459 in capital gains. Juan's portfolio is t portfolio valued at $142,608 at the end of the year. All income and realized gains were reinvested. No funds were was contributed or withdrawn during the year. What is the amount of income Juan must declare this year for valued at income tax purposes? A) $0 B) $901 C) $2,360 D) $19,328 30) On was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She January 1, also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was Stacy's $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period portfolio return for the year? A) 25.1% B) 25.8% C) 26.5% D) 27.2% 31) Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1.30 in dividends per share. What is her holding period return? A) 16.6% B) 18.9% C) 33.2% D) 37.8% 32) Ten months ago, Junior purchased a stock for $14 a share. The stock pays a quarterly dividend of $0.50 per share. Today, Junior sold the stock for $15 a share. What is his holding period return? A) 10.0% B) 10.7% C) 16.7% D) 17.9% 33) On 100 shares of ABC stock at a total cost of $1,712.50. She received a total of $125.00 in dividends and February sold the stock today, February 22, 2005. Her net proceeds from the sale are $1,892.40. Angela has a 19, 2004, combined state and federal marginal tax rate of 32%. Her combined state and federal tax rate on both her Angela capital gains in excess of one year and her dividend income is 18%. What is Angela's after-tax holding purchased period return on her investment in ABC stock? A) 11.0% B) 12.1% C) 13.2% D) 14.6% 34) An investor in the 25% marginal tax bracket purchased a bond for $983, received $85 in interest, and then sold the bond for $955 after holding it for six months. The tax rate for capital gains with holding periods in excess of one year is 15%. What are the pre-tax and post-tax holding period returns? A) 5.8%; 4.3% B) 6.0%; 4.5% C) 5.8%; 4.5% D) 6.0%; 4.3% 35) Maria mutual fund shares just over a year ago. She received $136 in dividend income and $201 in long-term purchased capital gains distributions. Today she sold her shares for $5,062. Maria is in the 25% marginal tax $5,000 of bracket. Capital gains with holding periods in excess of one year and dividend income are taxed at 15%. no-load What is Maria's after-tax holding period return? A) 6.0% B) 6.6% C) 6.8% D) 8.0% 36) On was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He January 1, also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not Tim's contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, portfolio Tim's portfolio was valued at $398,189. What is the holding period return for the year? A) -5.3% B) -4.9% C) -2.1% D) -1.9% 37) Phil has a 13.2% total return. The beta of the portfolio is 1.48 and the standard deviation is 13%. Currently, the portfolio risk-free rate of return is 4% and the overall market has a total return of 11%. What is the value of with a Treynor's measure for Peter's portfolio? A) 2.1% B) 6.2% C) 7.1% D) 8.9% 38) A has a total return of 14.5%, a beta of 1.54, and a standard deviation of 17.6%. If the risk free rate is 4.5% portfolio and the market return is 10.2%, then Treynor's measure of this portfolio's performance is A) 2.8%. B) 3.7%. C) 6.5%. D) 9.4%. 39) The net asset value of a mutual fund increased from $12.03 to $13.53, but its price per share increased by only $1.26. This information indicates that the fund A) paid out $1 in capital gains. B) paid out $1 in dividends. C) is a closed-end fund. D) is an open-end fund. 40) Which of the following characteri stics apply to closed-end mutual funds? I. unlimited number of outstanding shares II. transactions between shareholders III. market prices in excess of NAV IV. fund repurchase of shares at any time A) I and IV only B) II and III only C) I, II and III only D) II, III and IV 41) only Closed- end funds are A) less liquid than open-end funds. B) best purchased when they are selling at a premium. C) purchased D) directly from the funds' manager. traded at NAV. 42) Which one of the following statements concerning ETFs is correct? A) ETFs are based solely on US indexes. B) The ETF based on the Standard & Poors 500 Index is priced at 1/10 the value of that index. C) Spiders are D) based on the DJIA. The ETF based on the Dow is priced at 1/10 of the value of the DJIA. 43) Which of the following statement s is(are) correct concerning exchange-traded funds (ETFs)? I. You can buy and sell ETFs any time during trading hours. II. ETFs are actively managed. III. ETFs have high portfolio turnover rates. IV. ETFs rarely distribute any capital gains. A) I, II and IV only B) I and IV only C) II and III only D) I only 44) An 8% annual bond with a par value of $1,000, fifteen years to maturity, and a current price of $850 has a yield to maturity of A) 7.49%. B) 9.94%. C) 9.97%. D) 10.99%. 45) What is the current price of a 9%, $1,000 annual coupon bond that has eighteen years to maturity and a yield to maturity of 9.631%? A) $898 B) $935 C) $942 D) $947 46) What is the coupon rate of an annual bond that has a yield to maturity of 8.5%, a current price of $942.32, a par value of $1,000 and matures in thirteen years? A) 7.67% B) 7.75% C) 8.33% D) 8.50% 47) What is the current price of a $1,000, 6% coupon bond that pays interest semi-annually if the bond matures in ten years and has a yield-to-maturity of 7.1325%? A) $567 B) $920 C) $1,030 D) $1,080 48) What is to-maturity of a $1,000, 7% semi-annual coupon bond that matures in 2 years and currently sells for the yield- $997.07? A) 6.87% B) 7.04% C) 7.16% D) 7.31% 49) Which of the following statement s concerning duration are correct? I. Duration is a weighted-average life of a bond. II. The Macaulay duration considers the timing of a bond's cash flows. III. The Macaulay duration uses the YTM of a bond to discount the cash flows. IV. For coupon bonds, duration will be less than the actual time to maturity. A) I, II and III only B) II, III and IV C) only I, III and IV D) only I, II, III and IV 50) The of a bond will decrease as the time to maturity __________ and/or as the YTM on the bond __________ duration A) increases; B) increases. increases; C) decreases. decreases; D) increases. decreases; 51) decreases. A $1,000, annual coupon bond matures in three years. The bond is currently priced at $993.35 and has a YTM of 6% 6.25%. What is the Macaulay duration? A) 1.00 years B) 2.67 years C) 2.83 years D) 2.89 years 52) Which of the following are needed to determine the appropriate value of a bond? I. required rate of return II. time to maturity III. frequency of interest payments IV. coupon rate A) II and III only B) III and IV only C) II, III and IV D) only I, II, III and IV 53) A $1,000 12-year annual bond carries a coupon rate of 7%. If the current yield of this bond is 7.995%, its market par value, price to the nearest dollar is A) $876. B) $925. C) $1,075. D) $1,125. 54) Which one of the following variables has the greatest effect on bond prices? A) economic B) growth interest rates C) inflation D) stock market returns Register to View Answer 55) The issued a 6% bond three years ago at par value. The market interest rate on comparable bonds today is Franklin 5%. The Franklin Company bond currently pays __________ a year in interest and the bond sells at a Company __________. A) $60; discount B) $60; premium C) $50; discount D) $50; premium 56) Two John purchased an 8% five-year bond. Today, the interest rate on newly issued comparable bonds is 9%. years ago, If John sells his bond today, he most likely will A) realize a capital gain. B) realize a capital loss. C) sell the bond at face value. D) sell the bond at par value. 57) At the time you purchase a bond, you know the exact holding period return you will earn if A) the bond is B) called at any time prior to maturity. you resell the bond in exactly one year from the date of purchase. C) the market rate of interest declines within the next year. D) you hold the 58) bond to maturity. When the market rate of return exceeds the coupon rate, a bond will sell at A) par. B) face value. C) a premium. D) a discount. 59) Jennifer is federal income tax bracket and the 3% state income tax bracket. If Jennifer purchases a municipal bond in the yielding 4.25%, what is her after-tax equivalent yield if the bond income is exempt from both federal and 25% state taxes? A) 5.67% B) 5.84% C) 5.90% D) 6.01% 60) What is the tax- equivalent yield of a double tax-free 5% municipal bond if the investor is in the 28% federal and 7% state tax brackets? A) 6.94% B) 7.14% C) 7.47% D) 7.69%

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Indian Institute of Technology, Delhi - MECH - 17657
Solution to Part 1Del Monte Food Company and Subsidiaries Consolidated Balance Sheets (In millions, except share and per share data) Common Sized Balance Sheet Apr-29 Apr-30 2007 2006 0.28% 0.00% 5.72% 17.76% 2.90% 26.67% 15.75% 30.46% 26.28% 0.84% 100.0
Indian Institute of Technology, Delhi - MECH - 17657
GM's Foreign Exchange Hedging Strategy1Foreign Exchange Hedging Strategies at General Motors: Transactional and Translational Exposures Competitive ExposureGM's Foreign Exchange Hedging Strategy2About General Motors (GM) and its Foreign Exchange Poli
Indian Institute of Technology, Delhi - MECH - 17657
Corporation's Name Corporation's address and telephone no.Wal-Mart Stores, Inc. 702, Southwest 8th Street Bentonville, AR 72716 (479) 273-4000 (479) 273-4053 YES New York Stock Exchange (NYSE)Have you requested the latest annual report and quarterly rep
Indian Institute of Technology, Delhi - MECH - 17657
Name of the Company Company's Address and Telephone No.Wal-Mart Stores, Inc. 702, Southwest 8th Street Bentonville, AR 72716 (479) 273-4000 (479) 273-4053Main products / Services of the companyThe company operates in US and through out world and operat
Indian Institute of Technology, Delhi - MECH - 17657
Solution to 1 (a) IN order to solve the first part, we need to follow the following formula M = P [ i(1 + i)n ] / [ (1 + i)n - 1] Where M is the monthly payment. i = r/12. The same formula can be expressed much different way, but this one avoids using neg
Indian Institute of Technology, Delhi - MECH - 17657
P9-2A (a-d)What amount of bad debts expense will Hermesch Company report if it uses the direct writeoff method of accounting for bad debts? $33,000 In this method, the bad debt expenses are debited and accounts receivables are credited.Assume that Herm
Indian Institute of Technology, Delhi - MECH - 17657
Capital Adequacy Ratio (CAR)Tier 1 Capital +Tier 2 Capital CAR = Risk Adjusted AssetsNBD(000 AED) NBAD(000 AED) Tier 1 Capital 20,380,569 14,988,910 Tier 2 Capital 4,335,021 2,415,182 Risk Adjusted 217,285,578 126,940,146 Assets CAR 11.4% 13.7%Interpre
Indian Institute of Technology, Delhi - MECH - 17657
FELIX COMPANY CASH FLOW STATEMENTS A. CASH FROM OPERATING ACTIVITIES Net Income Add: Non Opearting and Non Cash items - Interest - Depreciation Opearting Income before Working Capital Changes Less: Increase in Accounts Receivables Less: Increase in Invent
Indian Institute of Technology, Delhi - MECH - 17657
CHAPTER 11 Solution to Question 1 BOND 1 1/1/2000 1/1/2015 0.05 0.08 100 1 74.32Settlement Date: Maturity Date: Coupon Rate: YTM: Face Value (% of par): Coupons per year: Price(% of par):BOND 2 1/1/2000 These area ssumed dates to r 1/1/2020 of years in
Indian Institute of Technology, Delhi - MECH - 17657
Solution to 1 Sale price of the computer Less: cost of the computer markup Percentage Markup Lease Charges per month Breakeven (in units) =8000/140 57.14 or 58 units per month Calculation of Monthly Profit / Loss on sale of 400 computers Markup per comput
Indian Institute of Technology, Delhi - MECH - 17657
Solution to Part a 1) Based on the number of set ups Week 1 Week 2 Week 3 5,520.00 5,520.00 5,520.00 4,000.00 4,000.00 4,000.00 9,520.00 9,520.00 9,520.00 160.00 59.50 160.00 59.50 160.00 59.50Direct Labour Cost (a) Other Costs (b) Total Set up Cost Numb
Indian Institute of Technology, Delhi - MECH - 17657
Smothers Manufacturing Company General Journal Raw Material Cash (Direct Material purchased for cash) Work in Process Raw Material (Direct material issued to the process) Work in Process Salaries & Wages Payable (Recording the labour cost to the process)
Indian Institute of Technology, Delhi - MECH - 17657
SO NY P LA YS T A T I O N 2MARKETING PLANNovember, 18, 2004GROUP #8 CINDY BROWN KUNAL SHAH ROBERT BURNS EDDIE CARTERPLAYSTATION 2: MARKETING PLANINTRODUCTION The Sony PlayStation 2 was released by Sony Computer Entertainment in 2000. Sony Computer En
Indian Institute of Technology, Delhi - MECH - 17657
Indian Institute of Technology, Delhi - MECH - 17657
The Video Game IndustryAn Industry Analysis, from a VC Perspective Nik Shah T'05 MBA Fellows ProjectMarch 11, 2005 Hanover, NHThe Video Game IndustryAn Industry Analysis, from a VC PerspectiveAuthors: Nik Shah Nik.Shah@Dartmouth.edu Tuck Class of 200
Indian Institute of Technology, Delhi - MECH - 17657
Marketing Plan: Sony Playstation 3Brian MoatsA marketing plan focusing on Sony's Playstation 3.Introduction to Marketing Business 1204/13/2008Executive Summary This marketing plan is looking at Sony's Playstation 3 (PS3). This powerful piece of hardw
Indian Institute of Technology, Delhi - MECH - 17657
Part a General Ledger Debits a. ESTIMATED REVENUES FUND BALANCE APPROPRIATIONS Estimated Revenues Ledger: TAXES LICENSES AND PERMITS FINES AND FORFEITS INTERGOVERNMENTAL REVENUES Appropriations Ledger: GENERAL GOVERNMENT PUBLIC SAFETY PUBLIC WORKS PARKS A
Indian Institute of Technology, Delhi - MECH - 17657
Part a. JOURNAL ENTRIES FOR 2011FALTS CITY STREET IMPROVEMENT FUND Debits Credits1.CASH OTHER FINANCING SOURCES-PROCEEDS OF BOND ANTICIPATION NOTES100,000 100,000 750,000 750,0002.DUE FROM FEDERAL GOVERNMENT REVENUES would not be accrued (per GASBS
Indian Institute of Technology, Delhi - MECH - 17657
Solution to 3-9 General Ledger Debits a. ESTIMATED REVENUES FUND BALANCE APPROPRIATIONS Estimated Revenues Ledger: TAXES LICENSES AND PERMITS FINES AND FORFEITS INTERGOVERNMENTAL REVENUES Appropriations Ledger: GENERAL GOVERNMENT PUBLIC SAFETY PUBLIC WORK
Indian Institute of Technology, Delhi - MECH - 17657
ActivityBased Costing in Manufacturing Activitybased costing (ABC) has become one of today's most popular methods of costing by using activities to allocate indirect costs, such as overhead. Versions of ABC originated as early as the 1920's; however, adva
Indian Institute of Technology, Delhi - MECH - 17657
Solution to Part a YEARS -> Revenue Earned (1100*12) Less: COGS (400*12) Gross Margin Less: Depreciation Service Fees (150*12) Machine Update charges (20*7*12) Internet Charges (50*12) Sales Commission (5% of sales) Profit Before Tax Less: Tax (25%) Net I
Indian Institute of Technology, Delhi - MECH - 17657
Give Perfect Reasons for all Theory & Not Just Vague answers. Show calculations for all practicals. _ 1. Which of the following types of costs are easily tracked or traced and assigned to a specific job in a job order costing system? a. Factory utilities
Indian Institute of Technology, Delhi - MECH - 17657
Answer:The supplier of Excel should be held responsible and not the purchase manager. This is because the purchase manager has p her duty quite responsibly and also checked it several times and did all the efforts which were in control of the purchase ma
Indian Institute of Technology, Delhi - MECH - 17657
Total Assets (million $) Debt Ratio 0% 10% 50% 60% Amount of Debt 1.40 7.00 8.40 Interest Rate 9% 11% 14%14.00 Interest Amount of Equity 14.00 0.13 12.60 0.77 7.00 1.18 5.60Case 1 : 0% Debt Ratio Probability 0.2 0.5 0.3 Expected Value Standard Deviation
Indian Institute of Technology, Delhi - MECH - 17657
Solution to Part a LAIHO INDUSTRIES Income Statement for the period ended December 31, 2008 (in '000 $) 455,150 68,273 7,388 60,884 8,575 52,309 20,924 31,386Sales EBITDA Less: Depreciation and Amortization EBIT Less: Interest Expense EBT Less: Income Ta
Indian Institute of Technology, Delhi - MECH - 17657
1Ongko Furniture Store Analysis2 Financial AnalysisThe most influential risks of sales forecasts stem from unethical decision-making. The various reasons that lead managers to unethical decision-making and that affect the risks of sales forecasts. Firs
Indian Institute of Technology, Delhi - MECH - 17657
Describe the relevant market boundaries (environmental influences) for Flying J based on a PESTLE analysis. This is the macro environment not the micro or company factors. Political Analysis The government must create economic policies that will foster th
Indian Institute of Technology, Delhi - MECH - 17657
Ameritrade: Cost of CapitalWhat factors should Ameritrade Management consider when evaluating the proposed advertising program and technology upgrades? Why? When considering the proposed advertising program and technology upgrades, we have to ensure that
Indian Institute of Technology, Delhi - MECH - 17657
In making the flexible budget, we first calculate the variable cost on per $ of revenue and then use this rate to calculate the rev The fixed costs are fixed and do not change with the levels. Net Revenue Variable Costs Fuel Repairs and maintenance Suppli
Indian Institute of Technology, Delhi - MECH - 17657
A master budget consists of the following budgets which are prepared beSales Budget Credit sales Cash sales Total sales Schedule of Cash Collections June Cash sales On accounts receivable from: April sales May sales June sales July sales Total collection
Indian Institute of Technology, Delhi - MECH - 17657
A master budget consists of the following budgets which are prepared beSales Budget Credit sales Cash sales Total sales Schedule of Cash Collections Cash sales On accounts receivable from: April sales May sales June sales July sales Total collections Pur
Indian Institute of Technology, Delhi - MECH - 17657
Boral Limited1Financial Analysis and Stock Valuation of BORAL LIMITEDBoral Limited Executive Summary2This report circumferences around the financial analysis and evaluating the stock price of the stock of Boral Limited, Australia with the help of var
Indian Institute of Technology, Delhi - MECH - 17657
Answer to Question no. 2 (a)Year 1 2 3 4 Earnings 120.00 120.00 120.00 120.00 Investments 84.00 60.00 48.00 30.00 Returns 42.00 21.00 9.60 4.80 NPV 336.00 150.00 48.00 18.00 552.00Growth rate = ROE x b = 10% x 25% = 0.025 PV (Perpetuity) = 336/1.1+150/1
Indian Institute of Technology, Delhi - MECH - 17657
Initial Investment Cost of the Equipment Less: after tax sale value of old machine 8,000,000.00 120,000.00 7,880,000.00Depreciation Life of the equipment Salvage Value Depreciation 10.00 years 1,500,000.00 650,000.00Year Units Sold Sales Revenue (7,880,
Indian Institute of Technology, Delhi - MECH - 17657
RATIO ANALYSIS OF MCDONALD'S AND BURGER KING1Introduction:We have picked up two companies from the fast food industry. The companies are McDonald's (NYSE ticker: MCD) and Burger King (NYSE ticker: BKC) which are two of the biggest companies in the indu
LSU - BIOL 1202 - 1202
Chapter 44 The Urinary SystemDigestive system is unselective The excretory system restores and maintains the proper internal amount minerals, water, sugar, protein, fat, etc. in the body despite differences in dietFunctions of excretory systems: All per
LSU - BIOL 1202 - 1202
Chapter 42 cont'd RespirationCellular respiration 1. 2. 3. 4. done by mitochondria requires oxygen generates carbon dioxide as a waste ATP (energy) generated during this processRespiratory System 1. 2. 3. 4. requires large, moist surface area blood & ex
LSU - BIOL 1202 - 1202
Chapter 42: CirculationParts of circulatory systems 1. fluid that circulates (blood) 2. channel (vessels) that fluid circulates through 3. pump (heart) to keep fluid movingTypes of circulatory systems 1. open circulatory systems 2. closed circulatory sy
LSU - BIOL 1202 - 1202
Chapter 41 Nutrition and DigestionA nutritionally adequate animal diet satisfies three needs: Fuel (chemical energy) Organic raw materials for biosynthesis (especially carbon-based molecules) Essential nutrients (substances that the animal needs, but can
LSU - BIOL 1202 - 1202
Chapter 40 Basic Principles of Animal Form and FunctionHomeostasistendency of living things to try to maintain their structure and regulate their internal environmentFig. 40-6Stimulus Endocrine cellStimulusNeuron Axon Hormone Signal travels everywhe
LSU - BIOL 1202 - 1202
Quiz time.1. Molecules often pass through plant membranes through special _transport_ proteins. 2. Water potential equals _pressure_ potential plus _solute_ potential. 3. Most of the energy that drives the transport of water through xylem vessels ultimat
LSU - BIOL 1202 - 1202
Why study plants?www.plantcell.org/cgi/doi/10.1105/tpc.109.tt1009Plants, like most animals, are multicellular eukaryotesBacteriaArchaeaFungiAnimals PlantsCommon ancestorsPhoto credits: Public Health Image Library; NASA; Dave Powell, USDA Forest Se
LSU - BIOL 1202 - 1202
Influenza (the flu) Highly contagious respiratory infection The influenza virus usually enters the body through mucus membranes in the mouth, nose or eyes On average in the United States each year: 5% to 20% of the population gets the flu; more than 200,
LSU - BIOL 1202 - 1202
Chapter 43 Defense Against Disease: The Immune SystemThree lines of defense against microbial attackInnate defenses Acquired immunitySee Fig 43.2Three lines of defense: 1: external barriers (skin, mucous membranes)Three lines of defense: A.skinThree
LSU - BIOL 1202 - 1202
Chapter 40 Basic Principles of Animal Form and FunctionOrganization of the animal body cells tissues organs organ systemsOrganization of the animal body cells tissues organs organ systems tissues 4 types: cells and/or non-cellular components 1. epitheli
LSU - BIOL 1202 - 1202
Chapter 35 Plant Structure and Growth (ch36)Flowering plants: 2 main groupsMonocots:Eudicots:See Fig. 30.13Monocot (e.g., corn) seedlings each have 1 cotyledon (seed leaf); in monocots the cotyledon often remains within the confines of the seedEudic
LSU - BIOL 1202 - 1202
Chapter 31FungiFungal Form and FunctionAnatomyHyphae and myceliumHyphae- thread-likefilaments, one cell thickReproductive structure or fruiting bodySee Fig. 31.2Mycelium interwoven mass of hyphaeFungal Form and FunctionAnatomyHyphae and myceli
LSU - BIOL 1202 - 1202
Chapters 27 The Hidden World of MicrobesMicrobes:too small to be seen clearly without a microscopeMicrobes prokaryotes range in size 0.2-1.0 mMicrobes prokaryotes unicellular eukaryotes range in size 10100m How big is a m or "micrometer"?Microbes pro
LSU - BIOL 1202 - 1202
Chapters 27 Part 1 The Hidden World of MicrobesMicrobes:too small to be seen clearly without a microscopeMicrobes prokaryotes range in size 0.2-1.0 mMicrobes prokaryotes unicellular eukaryotes range in size 10100m How big is a m or "micrometer"?Micro
LSU - BIOL 1202 - 1202
Chapter 26Phylogeny and SystematicsErasBoundaries between units in the Geologic Time Scale are marked by dramatic biotic change4500Origin of Earth5 Kingdom classification system in use through the late 1900s5 Kingdom classification system in use th
LSU - BIOL 1202 - 1202
Chapter 24The Origin of SpeciesSpeciesHummingbirds of Costa RicaSpeciesBiological Species Concept A population whose members can potentially interbreed in nature to produce viable offspringReproductive barriers isolate populations from one anotherR
LSU - BIOL 1202 - 1202
0. 1. 2. 3.Chapter 55 - Ecosystems Understand what limits production Understand energy flow and how to calculate production and ecological efficiencies Know major biogeochemical cycles and how man has modified them Understand what causes acid rain and oz
LSU - BIOL 1202 - 1202
0. 1. 2. 3.Chapter 53 Community Ecology Understand difference between competitive exclusion, niche partitioning and character displacement Understand how prey adapt to escape predators, and what top down control is Understand how communities change durin
LSU - BIOL 1202 - 1202
0. 1. 2. 3. 4. 5.Chapter 53 - Population Ecology Know types of dispersion, and how density estimated (be able to calculate N) Understand both exponential and logistic growth (be able to work problems) Be able to use life table model Understand density de
LSU - BIOL 1202 - 1202
Chapter 52 - Introduction to Ecology 0. Understand what biotic and abiotic factors limit distributions 1. Understand global climate and what determines rainfall patterns and distribution of biomes 2. Understand zonation and stratification of aquatic biome
LSU - BIOL 1202 - 1202
Figure 42.4 Evolution of the CSFigure 42.7 The mammalian heart: a closer lookFigure 42.12 Measurement of blood pressureFigure 42.14 Fluid flow in capillaryFigure 42.22 Countercurrent exchangeFigure 42.27 Loading and unloading of respiratory gasesFig
LSU - BIOL 1202 - 1202
Biology 1202 Fall 2009 Exam 4 Review Questions Answered Chapter 42- Circulation and respiration Terms: hormone, sinus, capillary, artery, vein, a/v valves, semi-lunar valves, ventricle, atrium, pulmonary vein vs. artery, systole, diastole, cardiac output,
LSU - BIOL 1202 - 1202
Chapter 46 Reproduction Understand asexual, sexual reproduction and its variants (parthenogenesis and hermaphroditism) Understand process of sperm and egg development in humans, and how it is under hormonal control Know details of human menstrual cycle T
LSU - BIOL 1202 - 1202
Chapter 44 Homeostasis Understand the difference between a conformer and a regulator Understand how kidneys produce urine Understand how the countercurrent multiplier works in the vertebrate kidney Understand how different regulators maintain body tempe
LSU - BIOL 1202 - 1202
Chapter 43 The immune system Understand the different levels of body's response and which are specific Understand the differences between humoral and cell-mediated responses Know the role of B and T cells and why secondary infections are handled faster
LSU - BIOL 1202 - 1202
Figure 36.6 Water relations of plant cellsWater flows out of cell down potential gradientWater flows into cell until back pressure (called turgor pressure) from cell wall stops it36.13Outside air u = u10 u100 MPa Leaf u = u7 MPa Trunk xylem u u0.8 MPa