Finance 2105
Midterm Exam III Worth 14% of total grade
Due: Midnight EST Saturday, April 29, 2017
1. A corporation is considering expanding operations to meet growing demand. With the
capital expansion the current accounts are expected to change. Manageme
Out of Canvas Portion (76 points)
Finding missing interest rates and number of periods (6 points each)
If using a financial calculator show what you enter for each problem and the final answer
If using the formula show your work and the range the answer w
ACCT2060
Chapter 7 Homework
1. K & A Company has a level-coupon bond outstanding that pays coupon interest of $100
per year and has 20 years to maturity. The face value of the bond is $1,000. If the yield
for similar bonds is currently 14%, what is the bo
ACCT2060
Homework Chapter 2
Yung.com
At year end 2013, Yung.com had notes payable of $1200, accounts payable of $2400, and
long-term debt of $3000. Corresponding entries for 2012 are $1600, $2000, and $2800.
Asset values are below:
Current Assets
Cash
Mar
Exam #1
ACCT2060
Spring 2014
Name _Tori Douville_
Essays Answer both questions in complete sentences to receive full credit.
1. Explain why the issue of agency problem and controls exist for corporations? (6 points)
The issue of agency problem and control
ACCT2060
Chapter 9 Homework
For problems 1-4, use the following cash flows for projects A and B:
Years:
0
1
2
3
4
Project A:
(-$2000, $600, $700, $800, $900)
Project B:
(-$2000, $300, $400, $850, $950)
1.
2.
Calculate the payback period for projects A and
ACCT2060
Chapter 9 Exam
Adkins
Name:
Problem I. (20 points; 4 points each)
Use the following information for Problems 1-5.
A project costing $400 is to be depreciated straight-line over the 5 year life of the project to zero salvage
value. Net income resu
ACCT2060
Chapter 6 Homework
Spring 2015
1.
A local bank is offering 9% interest on savings accounts. If you deposit $700 today and
$600 in 3 years, how much will you have at the end of year 4?
PV= 700 I/Y= 9 N=3 = 906.52
906.52+600= 1506.52
PV= 1506.52 I/
ACCT2060
Chapter 5 Homework
Spring 2015
1.
If you deposit $10,000 today in a bank account paying 10%, how much will you have in
one year? If you need $12,000 in one year, how much do you have to deposit today
(assume 10% return)?
10,000*.1*12/12= 1,000
11
ACCT2060
Principles of Finance
Orientation Quiz
Name_ Tori Douville_
Please refer to the syllabus, Canvas introduction module, and the textbook to answer the
following questions. You must complete this quiz, missing no more than 1 question, in
order to re
ACCT2060
Chapter 8 Homework
1. TTK Corp. preferred stock pays a $10 annual dividend per share. What is the
price of a share of TTK preferred if similar-risk preferred yields 8%? What is the
price if comparable preferred yields 11%?
10/.08=125
10/.11=90.91