1 _ Awardz1 out of 1.01: point
MC Qu. 33 The total restocking cost.
The total restocking cost is calculated as:
a . xed cost per order x number of orders.
0 the order size x variable cost per unit
0 carrying costs +xed costs.
0 average inventory x variabl
1 _ Award: 1 out M100 point
MC DU. 14 Checks written by the rm are.
Checks wrinen by the rm are said to generate oat.
a . disbursemem
0 book
0 BCCDU ntlng
References
mm Choice MC Cu. 14 Checks written by
MC Qu. 04 Money market securities are best dened.
i
1_ Award:1 out of 1.00 point
MC Qu. 47 Net capital spending is equal to.
Net capital spending is equal to the:
0 net change in total assets plus depreciation.
o . net change in xed assets plus depreciation.
0 net income plus depreciation.
0 difference bet
MC Gu. 14 A rm with cyclical earnings is.
t firm with cyclical earnings is characterized by:
a: . revenue patterns that vary with the business cycle.
0 high levels of debt in its capital structure.
0 high xed costs.
0 high costs per unit.
0 low contributi
MC Qu. 11 The Inventory turnover ratio is measured.
The inventory turnover ratio is measured as:
0 total sales minus inventory.
0 inventory times total sales.
a . cost of goods sold divided by inventory.
0 inventory divided by cost of goods sold.
0 invent
Score: 39/40 Points 97.50 as
< Question 4 [0117 v >
4, Awaraz1 out of 1.00 point
MC Qu. 14 Given a stated Interest rate, which.
Given a stated interest rate. which form of compounding will yield the highest effective rate of interest?
0 annual compounding
MC Du. 0? Costs ofthe firm that fall.
Costs of the rm that fall with increased levels of investment in its current assets are called costs.
MC Cu. 12 A type of short-tenn loan where.
A type of shortterm loan where the borrower sells its receivables to t
MC Du. 08 The underlying assumption of.
The underlying assumption ofthe dividend growth model is that a stock is worm:
O the same amount to every investor regardless of their desired rate of return.
a . the present value of the future income that The stoc
MC Go. 36 An efcient set of portfolios is.
n efcient set of portfolios is comprised of:
O a complete opportunity set.
0 the portion of the opportunity set located below the minimum yariance portfolio.
0 only the minimum 1irariance portfolio.
6 . the domin
A
1
B
C
D
E
F
FINANCIAL DATA
2
3
Discovery Manufacturing, Inc.
4
INCOME STATEMENT
5
6
7
Total sales
8
Administrative expense
10
11
12
TABLE #1
9
Cost of goods sold
13
14
2015
2016
$51,037,400
38,028,500
5,103,800
$61,142,800 $ 66,100,324.32
43,656,700
6,1
A e. (f 0 U N I
[NC
internatiunal
& AUDITENC?
accounting
The Economic Effects of IFRS A option
Investigating the Expected Benets
[33 Barn: Jay Eptrein
he SEC has waived reconciliation to ES. GAAP for for-
eign private issuers (that is. foreign com
Kyoto Joe, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 2/15, net 30. Based on experience, 65 per
Credit Ter (1/15)
Days
15
Net
30
percent
65%
percent
35%
20.25
a.
What is the average collection period for Kyoto Joe?
b.
If
HELP WITH ANALYZING
COMMON SIZE STATEMENTS
COMMON SIZE INCOME STATEMENT
All Common Size calculations for the INCOME STATEMENT are done as a PERCENT OF
TOTAL SALES.
Example: %Cost of Goods Sold = $ Cost of Goods Sold / $ Total Sales).
Here is some help wit
Stone Sour Corp. issued 20-year bonds 2 years ago at a coupon rate of 7.1 percent. The
bonds make semiannual payment. If these bonds currently sell for 105 percent of par
value, what is the YTM
Input
Settlement Date
1/1/2000
Maturity Date
1/1/2013
Annual
The Dybvig Corporations common stock has a beta of 1.21. If the risk-free rate is 3.5 percent
and the expected return on the market is 11 percent, what is Dybvigs cost of equity capital?
Data Input
beta
risk free rate
retrun on market
COST OF EQUITY CAPIT
In a typical month, the Jeremy Corporation receives 140 checks totaling $124,000. These are delayed four days on average.
What is the average daily float? Assume 30 days per month.
Delayed days
4
Check Total
Days in Month
$
124,000.00
30
Average Daily Flo
What are the portfolio weights for a portfolio that has 135 shares of Stock A that sell for $47 per share and 105 shares of Sto
Data Inputs
Shares stock A
136
Selling price stock A
$
46.00
Shares stock B
116
Seeling price stock B
$
36.00
Total Value
$ 10,
Fuji Software, Inc., has the following mutually exclusive projects.
Year
0
1
2
3
Project A
$
(29,000)
$
16,500
$
13,000
$
3,800
Project B
$
(32,000)
$
17,500
$
11,500
$
13,000
Calculate the payback period for each project.
Payback Period
Project A
Project
A
B
C
G
H
I
J
K
L
M
N
PRO FORMA STATEMENTS 2017 WITH CORRECTIONS
1
2
SEE Guide Sheet for Preparing Pro Forma Financial Statements
SAMPLE COMPANY
3
4
INCOME STATEMENTS
5
SUSTAINABLE WITH CORRECTIONS
GROWTH RATE
WITH
The maximum dollar amount of sales that
a.
Increase; Increase. If the terms of the cash discount are made less favorable to customers, the accounts r
b.
Increase; No change. This will shorten the accounts payable period, which will increase the cash cycle. It
c.
Decrease; Decrease. If more cust
B
C
D
E
F
G
H
I
J
WEIGHTED AVERAGE COST OF CAPITAL (WACC) ANALYSIS
1
2
3 (Similar to Problem 13-9)
SAMPLE COMPANY has two bond issues outstanding. The first bond issue has a face value (or book value) of $5,805,200 and a coupon rate of 5.40% and
sells for
B
C
D
E
1 Using Problem 27-11 (For U.S. Bank Lockbox NPV)
SAMPLE COMPANY is considering using a lockbox system to speed up collections from its customers. They have two proposals to consider: one from U.S Bank, and one from Wells Fargo to provide a
lockbo
B
C
D
E
F
1 EOQ Calculations for Case Study (similar to PROBLEM 28-12)
SAMPLE COMPANY currently begins each sales cycle with 105,550 units in stock. This stock is depleted at the end of each sales cycle and then reordered. The
firm currently places 3 orde
B
2
3
C
D
F
Target Rate of Return
Net Cash Flows At End of Year
Year Number
8
YEAR
11
12
13
14
15
16
17
18
19
20
21
22
23
24
0
1
2
3
4
2016
2017
2018
2019
2020
PRODUCT #1
-$3,255,000
$971,400
$1,120,700
$1,512,900
$1,936,500
Combined cash flows
-$3,255,00
B
C
D
GROWTH RATE ANALYSIS
1
2 These calculations come from various problems from CHAPTER 3: PROBLEMS 3-5, 3-19, 3-20, 3-21, & 3-22
3
4
2016
5
Sales2016 =
6
ROA2016 =
7.5% = Net Income 2016 / Total Assets 2016
7
ROE2016 =
13.4% = Net Income 2016 / Total E