ORIE 3150 Final Exam Draft 2009 draft May 14 version

ORIE 3150 Final Exam Draft 2009 draft May 14 version - ORIE...

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ORIE 3150 Spring 2009 Final Exam Name_______________________________ 9:00 AM Olin 155 1 2 3 4 5 6 7 8 9 1 0 1 1 1 2 1 3 1 4 1 5 T 1a. Return on Assets ( 29 Assets Total Rate Tax Interest Income Net ROA - + = 1 1b. Return on Invested Capital ( 29 Equity s r Stockholde s Liabilitie Term Long Rate Tax Interest Income Net ROIC ' 1 + - - + = 1c. Return on Owner’s Equity Equity s r Stockholde Income Net ROE ' = 1d. Price/Earnings Ratio share per Income Net share per price Market E P = / 2. Cash Cycle A/P Average Sold Goods of Cost Turnover Payables = Inventory Average Sold Goods of Cost Turnover Inventory = Receivables Turnover Net Sales Average A/R = Turnover 365 (days) Age = Cash Used = u n CGS 365 × Cash Supplied = f n Sales 365 ×
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3. Time Value of Money c i i nom = ( 29 n i 1 PV FV + = - + = i 1 ) i 1 ( A FV n + - = - i ) i 1 ( 1 A PV n 4. Bonds ( 29 ( 29 n n i 1 FV i i 1 1 A PV + + + - = - The “bond equation” The annual yield for a bond is 2 × i for bonds that pay interest semi-annually . Interest Expense = i × Carrying Value 5. Cash Flow ΔC = ΔL + ΔOE – ΔNCA Cash Collected from Customers = Net Sales – ΔA/R Cash Paid for Purchases = CGS + ΔInventory – ΔA/P Cash Payments for Interest = Bond Interest Expense + Amortization of Bond Premium Cash Payments for Interest = Bond Interest – Amortization of Bond Discount Cash Payments for Salaries = Salaries Expense – ΔSalaries Payable 6. Return on Investment ROI = Controllable Margin Average Operating Assets 7. Earnings Per Share EPS = Net Income Average Number of Shares Outstanding
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8. CVP Analysis – Breakeven point UVC UP TFC X B - = 9. Process Costing, FIFO Equivalent units to finish the beginning WIP Units started and completed + Equivalent units in ending WIP Equivalent units of production (EUOP) EU to finish beginning WIP = (Units in beginning WIP) × (1 – fraction completion) Cost per EU = EUOP Period This Added Cost Cost in beginning WIP + Equivalent units to finish the beginning WIP × Cost per EU + Units started and completed × Cost per EU Cost of Goods Transferred 10. Process Costing, Weighted Average EUOP = Units Transferred to Next Dept. + EU in Ending WIP Cost per EU = (Cost in the beginning WIP + Cost Added in Current Period)/EUOP Cost of Goods Transferred = Cost per EU × No. of Units Transferred 11. Process Costing Units In each case, use total, partially completed units (not EU’s): Units Transferred = Beginning WIP + Units Started – Ending WIP Units Started and Completed = Units Started – Ending WIP Units Transferred = Beginning WIP + Units Started and Completed
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12. Leases 1. The lease transfers ownership to the lessee at the end of the lease term. 2.
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This note was uploaded on 10/07/2010 for the course ORIE 3150 taught by Professor Callister during the Fall '08 term at Cornell University (Engineering School).

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ORIE 3150 Final Exam Draft 2009 draft May 14 version - ORIE...

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