Comprehensive Problem
XYZ Company
Assume the following:
Cost of the investment is $4,500 and will be sold at the end of year 5 for $1,400
XYZ Beta
0.80
Risk free Treasury Bill rate
1.50%
Market Portfolio Rate
9.00%
Tax rate
40.00%
Equity:
XYZ Common Stock
(a)
CARPINO COMPANY
Statement of Cash Flows
For the Year Ended January 31, 2008
Cash flows from operating activities
Net loss.
$
(30,000.)*
Adjustments to reconcile net income
to net cash provided by operating
activities
Depreciation expense.
Gain from sa
EXERCISE 4-5: High-Low Method [LO 2]. Campus Copy & Printing wants to predict copy machine
repair expense at different levels of copying activity (number of copies made). The following data have
been gathered:
Copy Machine
Month
Repair Expense
Copies Made
VILLA TOOL COMPANY
Income Statement
For the Year Ended December 31
2009 2008
Net sales $1,818,500 $1,750,500
Cost of goods sold 1,011,500 996,000
Gross profit 807,000 754,500
Selling and administrative expense 516,000 479,000
Income from operations 291,00
FIN 419 Final Exam (Total Points 15)
The Final Exam consists of twenty-five (25 multiple-choice questions. Each question is
valued at 0.6 points (25 x 0.6 = 15 total points). Answer all twenty-five (25) questions
by placing your answer in the designated A
.
b
a
b
d
c
b
c
a
35.
36.
73.
74.
75.
76.
77.
78.
Calculation of gross profit using percentage-of-completion.
Determine cash collected on long-term construction contract.
Determine gross profit using percentage-of-completion.
Gross profit to be recognized
1. The Lineberry Golf Cart Co. sold 7,400 carts this year at an average unit price of $3,000. 50 days of
sales remained uncollected in accounts receivable at the end of the year. The firm produced the carts at
a 42% cost ratio (COGS/Revenue) and had three
Complete the following three exercises. Be sure to show your work for calculations to earn full credit.
Sales and Production Budgets (8-12): The marketing department of Jessi Corporation has submitted the following sales forecast for
the upcoming fiscal y
Chapter 9
46.
Your younger sister, Brittany, will start college in five years. She has just informed her parents that she
wants to go to Eastern State U., which will cost $30,000 per year for four years (costs assumed to come at
the end of each year). Ant
E8-5 (Inventoriable CostsError Adjustments) Craig Company asks you to review its
December 31, 2007, inventory values and prepare the necessary adjustments to the books.
The following information is given to you. 1. Craig uses the periodic method of record
1. One goal of just-in-time systems is to minimize inventory levels. (Points: 5)
True
False
2. Shulas 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners
will be produced and sold: Materials, $4,080; hourly labor (variable)
E xpect ed
Cash f low
($80)
$80
35. Beasley Ball Bearings paid a $4 dividend last year. The dividends is expected
1 yr. to grow at a constant rate of 6 percent over the next four years. The required rate of
return is 13 percent (this will also serve as th
Alexis Company uses 800 units of a product per year on a continous basis. The product
has a fixed cost of $50 per order, and its carrying cost is $2 per unit per year. It takes 5
days to receive a shipment after an order is placed, and the firm wishes to
Lear, Inc., has $800,000 in current assets, $350,000 of which are considered permanent
current assets. In addition, the firm has $600,000 invested in fixed assets.
a. Lear wishes to finance all fixed assets and half of its permanent current
assets with lo
The _ is the rate of return a firm must earn on its investments in projects in order
to maintain the market value of its stock.
A)net present value
B) cost of capital
C) internal rate of return
D) gross profit margin
The _ is the rate of return required b
Question1
SLO10
O'BrienInc.hasthefollowingdata:rRF=5.00%;RPM=6.00%;andb=1.10.Whatisthe
firm'scostofequityfromretainedearningsbasedontheCAPM?
Answer
a 11.83
.%
b 11.60
.%
c. 13.22
%
d 11.25
.%
e 8.93%
.
1points
Question2
SLO10
YouwerehiredasaconsultanttoGi
1.
The Lexington Property Development Company has a $10,000 note receivable from a
customer due in three years. How much is the note worth today if the interest rate is
a. 9%?
b. 12% compounded monthly?
c. 8% compounded quarterly?
d. 18% compounded monthl
1. If a person's required return does not change when risk increases, that person is said to
be (a risk-seeking b) risk-indifferent c) risk averse d)risk aware.
2. If a person's required return decreases for an increase in risk, that person is said to be
Determine the cost of giving up cash discounts under each of the
following terms of
sale.
Cost of giving up discount
% discount days in a year
= - X -(100 - % discount) (payment date discounted period
(a) 2/10 net 30
2 365
= - X - = ( 2 / 98 )( 365 / 20 )
BAB 2
SIAPA YANG MELAKUKAN PENIPUAN DAN MENGAPA
Setelah mempelajari bab ini, anda seharusnya mampu
untuk:
1. Memahami siapa yang melakukan penipuan
2. Memahami mengapa orang-orang melakukan penipuan
3. Memahami segitiga penipuan
4. Memahami
bagaimana
teka
The normally distributed AAA battery life is stated to be 350 days when
used in a clock radio. The Big Charge Battery Company has recently modified the AAA batteries
so as to extent their life. The owner of the company wanted to know if the improved batte
ANSWER:1
a. Consumersurplusmeasuresthebenefittobuyersofparticipatinginamarket.Itismeasuredastheamountabuyeris
willingtopayforagoodminustheamountabuyeractuallypaysforit.Foranindividualpurchase,consumersurplus
isthedifferencebetweenthewillingnesstopay,assho
71. Kirland Company collected the following information to prepare its cash budget for
the first quarter of a recent fiscal period.
Beginning cash balance $4,250
Capital Expenditures
3,000
Collections on account
23,000
Depreciation on factory
1,000
equipm
61. A potential capital investment will be depreciated $5,000 per year for five years.
Which of the following pieces of information would a manager need to calculate the cash
flow associated with depreciation? (Points: 5)
the tax rate
62. Capital investme
Your employee, Tom Smith, believes women are treated as inferiors in the department where he
works. He has complained to his supervisor, Doug Greer, who is also your employee, and to the
Equal Employment Opportunity Commission. Greer has responded by redu
P4-1.
A4-1.
A best-selling author decides to cash in on her latest novel by selling the rights to the books
royalties for the next four years to an investor. Royalty payments arrive once per year, starting
one year from now. In the first year the author e
5) Allison Radios manufactures a complete line of radio and communication equipment
for law enforcement agencies. The average selling price of its finished product is $180
per unit. The variable cost for these same units is $126. Allison Radios incurs fix