On September 7​, the billing​ date, Verna had a balance due of ​$565.85 on her credit card. Assume that the interest rate is​ 1.1% per month. Suppose that​ Verna's bank uses the average daily balance method. Answer parts​ (a) through​ (d). Sept. 11 Payment ​$280.00 Sept. 23 ​Charge: Airline ticket ​$332.00 Sept. 24 ​Charge: Hotel bill ​$190.01 Oct. 2 ​Charge: Clothing ​$84.91 ​a) Determine​ Verna's average daily balance for the billing period from September 7 to October 7. The average daily balance for the billing period was ​$

Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2016, is shown here (millions of dollars):

Sales for 2016 were $200 million and net income for the year was $6 million, so the firm's profit margin was 3.0%. Upton paid dividends of $2.4 million to common stockholders, so its payout ratio was 40%. Its tax rate was 40%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2017. Do not round intermediate calculations.

1. If sales are projected to increase by $100 million, or 50%, during 2017, use the AFN equation to determine Upton's projected external capital requirements. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.
   $ million
   
2. Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ nonspontaneous external funds? Round your answer to two decimal places.
   %
   
3. Use the forecasted financial statement method to forecast Upton's balance sheet for December 31, 2017. Assume that all additional external capital is raised as a line of credit at the end of the year and is reflected (because the debt is added at the end of the year, there will be no additional interest expense due to the new debt).
   Assume Upton's profit margin and dividend payout ratio will be the same in 2017 as they were in 2016. What is the amount of the line of credit reported on the 2017 forecasted balance sheets? (Hint: You don't need to forecast the income statements because the line of credit is taken out on last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow you to calculate the 2017 addition to retained earnings for the balance sheet without actually constructing a full income statement.) Round your answers to the nearest cent.

   Upton Computers Pro Forma Balance Sheet December 31, 2017 (Millions of Dollars)
   Cash	$
   Receivables	$
   Inventories	$
   Total current assets	$
   Net fixed assets	$
   Total assets	$
   Accounts payable	$
   Notes payable	$
   Line of credit	$
   Accruals	$
   Total current liabilities	$
   Mortgage loan	$
   Common stock	$
   Retained earnings	$
   Total liabilities and equity	$

5.

Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.

6.

Arundel Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of:

The current unadjusted Allowance for Uncollectible Accounts balance is a debit balance of $2,000 and the Bad Debt Expense accounts has an unadjusted balance of zero. After the adjusting entry is made, what will be the dollar balances in the Allowance for Doubtful Accounts? Round to nearest whole dollar.

NPVs and IRRs for Mutually Exclusive Projects

Davis Industries must choose between a gas-powered and an electric-powered forklift truck for moving materials in its factory. Because both forklifts perform the same function, the firm will choose only one. (They are mutually exclusive investments.) The electric-powered truck will cost more, but it will be less expensive to operate; it will cost $21,500, whereas the gas-powered truck will cost $17,960. The cost of capital that applies to both investments is 13%. The life for both types of truck is estimated to be 6 years, during which time the net cash flows for the electric-powered truck will be $6,860 per year and those for the gas-powered truck will be $4,600 per year. Annual net cash flows include depreciation expenses.

Calculate the NPV for each type of truck. Do not round intermediate calculations. Round your answers to the nearest dollar.

Calculate the IRR for each type of truck. Do not round intermediate calculations. Round your answers to two decimal places.

Not getting the correct answers with excel functions for some reason.

A real estate investment has the following expected cash flows:

                        Year           Cash Flows
                          1              $9,000
                          2               13,000
                          3               18,000
                          4               25,000

The discount rate is 12 percent. What is the investment’s present value? Round your answer to 2 decimal places; for example 2345.25.

Micheal wants to have $68,000 in 10 years on a savings plan that requires monthly contributions. If he can earn 11 percent APR with monthly compounding on the savings plan, what is the amount that he will have to invest every month for the next 10 years? Round it to two decimal places and do not include the $ sign, e.g., 1234.56.

1.A firm is buying a new machine that has the following cash-flows during its expected life of 4 years: Purchase Price = $250,000, Terminal Value = $100,000, and yearly cash flows of $60,000. The firm has a contract with a buyer who purchases and pays the product that the machine makes at the beginning of each year. What is the expected yield of the machine? a. 28% b. 16% c. 14% d. 11.3% e. -1.61

2.A firm wants to buy a machine that is expected to yield 12%. It plans to finance it with 50% Debt and the rest Equity, so there is no preferred stock. The cost of Debt is 7% and the tax rate is 25%. What is the expected return for the shareholders?

a.   2.63%

b.   12%

c.   17%

d.   18.75%

e.   19.5%

3.Which of the following statements is CORRECT?

a.   Financial Management decisions have to be made taking into account what is available on the Financial Markets.

b.   Only firms in the mature stage have access to the capital market.

c.   If an investor sells shares of stock through a broker, then it would be a primary market transaction.

d.   Capital markets deal only with common stocks and other equity securities.

e.   A six-month bank loan is considered to be a capital market instrument.

When engaging in capital budgeting projects, what types of risk may exist? What are some techniques you could use to evaluate and/or mitigate those risks.

You are negotiating to buy a new car with a car salesman at a local dealer. You have negotiated the price to $31,000. You have $3,000 to put towards the down payment and plan to get a loan for the rest. If you can get an annual interest rate of 5 percent APR (with monthly compounding) over a 5-year period, what would be your monthly payment? Round it to two decimal place (cents)

In February, Cap Inc. announced that it would split into two independent publicly traded companies: one comprised of its Old Navy brand, and the second a yet-to-be-named company that includes its other brands like Banana Republic and Athleta. The planned breakup is an acknowledgment of the two chains' diverging fortunes and how much Gap has lost its once-powerful grip on American consumers. For several years, Old Navy has outperformed its sister brands Gap and Banana Republic with its lower price-points and catchy marketing. Old Navy now exceeds the original brand in sales, making up nearly half of Gap Inc.'s $16.6 billion of sales in 2018.

In your opinion, what are the benefits and downsides to splitting Gap into two firms? How did Gap's stock react to the news in after-market trading? How would you explain this reaction? Will the separation save the company in the long run? Please elaborate on your answers.

Hewlett Packard recently paid a dividend of $2.50 for 2016, and going forward, their dividend is expected to grow at 3 percent per year for the next 5 years, after which the dividend growth rate will increase to 6 percent per year indefinitely. Assuming a 10 percent required rate of return, compute that value of a share of common stock for HP.

(Weighted average cost of capital​) The capital structure for the Carion Corporation is provided​ here:The company plans to maintain its debt structure in the future. If the firm has an​ after-tax cost of debt of 5.3 ​percent, a cost of preferred stock of 13.5 ​percent, and a cost of common stock of 18.6 ​percent, what is the​ firm's weighted average cost of​ capital?

​(Cost of debt​) Sincere Stationery Corporation needs to raise ​$750,000 to improve its manufacturing plant. It has decided to issue a ​$1,000 par value bond with an annual coupon rate of 16 percent and a maturity of 15 years. The investors require a rate of return of 8 percent.

a. Compute the market value of the bonds.

b. What will the net price be if flotation costs are

1111

percent of the market​ price?

c. How many bonds will the firm have to issue to receive the needed​ funds?

d. What is the​ firm's after-tax cost of debt if its average tax rate is 25 percent and its marginal tax rate is

3737

​percent?

Presentation graphics prepare slides and other aids for individuals making presentations. it estimates it can save $42,000 a year in cash operating costs for the next 5 years if it buys a special machine at a cost of $90,000. the workstation qualifies for a capital cost allowance of 25% and will have a zero terminal disposal price at the end of year 5. Presentation and graphics has a 12% after-tax required rate of return. its income tax rate is 40% each year for the next 5 years.

Compute NPV, Payback period, IRR (BA II plus Financial Calculator can be used, if you could just show what numbers were keyed) thank you