Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 127,600 Accounts payable $ 119,000 Accounts receivable 87,100 Bonds payable (long term) 80,100 Inventory 54,300 Long-Term Assets Stockholders' Equity Gross fixed assets $ 594,000 Common stock $ 150,000 Less: Accumulated depreciation 155,700 Paid-in capital 70,000 Net fixed assets* 438,300 Retained earnings 288,200 Total assets $ 707,300 Total liabilities and equity $ 707,300 Sales (on credit) $ 1,835,000 Cost of goods sold 829,000 Gross profit $ 1,006,000 Selling and administrative expense† 293,000 Depreciation expense 59,600 Operating profit $ 653,400 Interest expense 10,000 Earnings before taxes $ 643,400 Tax expense 95,900 Net income $ 547,500 *Use net fixed assets in computing fixed asset turnover. †Includes $16,100 in lease payments. SMITH CORPORATION Current Assets Liabilities Cash $ 37,300 Accounts payable $ 76,500 Marketable securities 16,100 Bonds payable (long term) 237,000 Accounts receivable 74,700 Inventory 83,100 Long-Term Assets Stockholders' Equity Gross fixed assets $ 532,000 Common stock $ 75,000 Less: Accumulated depreciation 257,000 Paid-in capital 30,000 Net fixed assets* 275,000 Retained earnings 67,700 Total assets $ 486,200 Total liabilities and equity $ 486,200 *Use net fixed assets in computing fixed asset turnover. SMITH CORPORATION Sales (on credit) $ 1,090,000 Cost of goods sold 649,000 Gross profit $ 441,000 Selling and administrative expense† 246,000 Depreciation expense 58,100 Operating profit $ 136,900 Interest expense 24,400 Earnings before taxes $ 112,500 Tax expense 47,000 Net income $ 65,500 †Includes $16,100 in lease payments. a. Compute the following ratios. (Use a 360-day year. Do not round intermediate calculations. Input your profit margin, return on assets, return on equity, and debt to total assets answers as a percent rounded to 2 decimal places. Round all other answers to 2 decimal places.)

Jaffa Company prepared its annual financial statements dated December 31 of the current year. The company applies the FIFO inventory costing method; however, the company neglected to apply lower of cost or net realizable value to the ending inventory. The preliminary current year income statement follows:

Assume that you have been asked to restate the current year financial statements to incorporate lower of cost or NRV. You have developed the following data relating to the current year ending inventory:

A company's bond ratings might in concept be similar to your own personal credit ratings. Use an example of how someone's personal credit rating might affect their financial life -- and then translate that to how a bond rating might affect a company's financial choices. (at least 200 words and no copy or plagiarism)

When many people hear the word discrimination, they immediately think of race or gender discrimination which is illegal in the USA. Price discrimination, however, is legal and has nothing to do with race or gender. By definition: Charging different people different prices is legal as long as it does not use other forms of discrimination as the basis of the pricing model. Please note that prices must be made available for all to see and no two individuals making a purchase at the same time and same place are charged different prices unless qualifying criteria are met.

1. Describe a business that uses price discrimination, the pricing model, and how it is not considered illegal (meaning how it is legal to do).
2. Are there situations in which price discrimination is unfair and should be considered illegal (remember to not confuse the word discrimination with price discrimination.
3. Lastly, evaluate the profitability of using different prices for different people. That would mean that some people are paying more, while others are paying less. This would suggest less profits, so why not just charge everyone the same high price??? Explain your understanding of how price discrimination works to maximize profits for the business.

Delia Landscaping is considering a new 4-year project. The necessary fixed assets will cost $183,000 and be depreciated on a 3-year MACRS and have no salvage value. The MACRS percentages each year are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. The project will have annual sales of $120,000, variable costs of $31,900, and fixed costs of $12,550. The project will also require net working capital of $3,150 that will be returned at the end of the project. The company has a tax rate of 35 percent and the project's required return is 15 percent. What is the net present value of this project?

The current risk-free rate is 2 percent and the market risk premium is 4 percent. You are trying to value ABC company and it has an equity beta of 0.8. The company earned $3.50 per share in the year that just ended. You expect the company's earnings to grow 4 percent per year. The company has an ROE of 13 percent.

a. What is the value of the stock? Do not round intermediate calculations. Round your answer to the nearest cent.

3) SportsMart sells 500,000 baseballs annually. The baseballs cost SportsMart $24 per dozen ($2.00 each). Annual inventory carrying costs are 25% of inventory value and the cost of placing and receiving an order are $78. Determine the:

A) Economic Order Quantity
B) Total annual inventory costs of this policy
C) Optimal ordering frequency

4) Nike sells 1,000,000 basketballs annually. The baseballs cost Nike $180 per dozen ($15.00 each). Annual inventory carrying costs are 20% of inventory value and the cost of placing and receiving an order are $150. Determine the:

A) Economic Order Quantity
B) Total annual inventory costs of this policy
C) Optimal ordering frequency

AutoZone and O'Reilly are two competitors in the retail automotive parts industry.

Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).

Round to answers to one decimal place.

Computing Cash Conversion Cycle for Two Years
Winnebago Industries has the following metrics for 2015 and 2014.

Compute the cash conversion cycle for both years.

Round answers to one decimal place.

You are on the Investment Committee (IC) attending the meeting on October 3, 2008.

1. What is your overall assessment of the endowment situation? What would you ask the CIO to assess in more detail?

2. The target percentage for cash was 0.0%. Does this make sense to you?

3. Should the IC continue its current commitment pace to build out the new private equity allocation strategy? Why or why not?

4. What effect will the financial crisis have on the PIF’s liquidity in your estimation?

Information:

- The endowment distributes approximately $2.25 million per month to the College to support the general operating budget and cash to fund this transfer had historically been provided by new endowment gift inflows and monthly interest/dividend distributions, i.e., not through liquidation of endowment assets.

- Given the current level of outstanding unfunded capital commitments to private equity funds, it can be assumed that the College will receive $2-3 million of capital call notices per month. Over the past several years, the capital distributions from mature private equity funds have well outpaced new capital calls.

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a rate of 8%. The probability distribution of the risky funds is as follows:

The correlation between the fund returns is 0.12.

a-1. What are the investment proportions in the minimum-variance portfolio of the two risky funds. (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

a-2. What is the expected value and standard deviation of its rate of return? (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

You want to borrow $24,500 for a new car. If the interest rate is 4.5% compounded monthly for a five-year (60 month) loan, what amount will your monthly payment be?

8% seminannual coupon corp. bond which matures on Feb 14th 2025, is purchased for settlement on April 15th 2014. The yld to maturity is 6.333% quoted on a street convention semiannual bond basis (APR2). Accrued interest = 30/360 day count convention.

(a) What is the flat (clean) price of the bond on the SDT? (use the BA II Plus BOND spreadsheet)

(b) What is the accrued interest on the SDT? (use the BA II Plus BOND spreadsheet)

(c) How many days are there (“T”) in the current coupon period?

(d) How many days are there (“t”) between the last coupon date and the SDT?

Compute the NPV for Project M if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Should the project be accepted or rejected?

1. You wish to save $3500 at the end of 5 years by depositing in$200 into your savings account today, $400 in 1 year, $600 in 2 years, $800 in 3 years, and $900 in 4 years. What interest rate must you earn to reach to goal? Express your answers as a percentage. (Enter only numbers and decimals in your response. Round to 2 decimal places.)

2. You deposit $100 into your savings account today, $200 in 1 year, $300 in 2 years. How much will you be able to withdraw at the end of 3 years if the interest rate is 6%? (Enter only numbers and decimals in your response. Round to 2 decimal places.)

Please show how I could enter it into a TI84 calculator and what formula used on paper so I can learn from it. Thanks in advance!