Jiminy’s Cricket Farm issued a bond with 16 years to maturity
and a semiannual coupon rate of 6 percent 2 years ago. The bond
currently sells for 91 percent of its face value. The company’s tax
rate is 38 percent. The book value of the debt issue is $40
million. In addition, the company has a second debt issue on the
market, a zero coupon bond with 11 years left to maturity; the book
value of this issue is $30 million, and the bonds sell for 50
percent of par.
a. What is the company’s total book value of debt?
b. What is the company’s total market value of debt?
c. What is your best estimate of the aftertax cost of debt?
In: Finance
In: Physics
A 34kg child runs with a speed of 2.4 m/s tangential to the rim of a stationary merry go round. The merry go round has a moment of inertia of 520 kg*m^2 and a radius of 2.00m. After the child hops on the merry go round it rotates with an angular speed of 0.3 rad/s. Find the initial and final kinetic energy of the system. (merry go round and the child). If a frictional torque of 340 is present to slow down the merry go round, find the angular deceleration and calculate the angle in radians in which the merry go round rotates until it stops
In: Physics
In: Operations Management
TO DO in JAVA: The program that runs is TrackInsurance. Open this up and add five instances of your ArtInsurance class at the noted location in the main method. Use whatever data you like.
TrackInsurance(below)
package itp120mod6;
import java.util.*;
public class TrackInsurance extends Object {
public static Scanner scan = new Scanner(System.in);
// method that runs first
public static void main(String[] args) throws Exception {
// make an ArrayList of customers and insurance policies
ArrayList cust = new ArrayList();
// note - the ArrayList below can hold Insurance objects
// but with inheritance, that includes Auto, Health, Life and Art
ArrayList ins = new ArrayList();
// create some fake customers (used for testing the program)
Customer c = new Customer("Duck", "Donald");
Customer c1 = new Customer("Mouse", "Minnie");
Customer c2 = new Customer("Mouse", "Mickey");
// add the customers to the array list
cust.add(c2);
cust.add(c1);
cust.add(c);
// make and add some insurance policies to the ArrayList
ins.add(new AutoInsurance(c, 2));
ins.add(new AutoInsurance(c1, 3));
/*ins.add(new HealthInsurance(c, 5));
ins.add(new HealthInsurance(c2, 1));
ins.add(new LifeInsurance(c, 30000, 65));
ins.add(new LifeInsurance(c1, 400000, 34));*/
// add your ArtInsurance instances here
//ins.add(new ArtInsurance(.....));
int choice = 0;
while (choice >= 0) {
choice = menu();
if (choice == 1)
printAllCustomers(cust);
else if (choice == 2)
printAllInsurance(ins);
else if (choice == 3) {
System.out
.println("Now lets find the information for a certain policy number");
System.out.println("What policy number do you want to find?");
int num = scan.nextInt();
printPolicy(ins, num);
} else if (choice == 4) {
System.out
.println("Now let's find all of the policies for a given customer");
System.out.println("What is the customer id?");
int custNum = scan.nextInt();
getCustomer(ins, custNum);
} else if (choice == 5)
sortCustNum(ins);
else if (choice == 6)
sortPolNum(ins);
else if (choice == 7) {
System.out.println("Bye!!!!!");
choice = -1;
}
} // end while
}
public static int menu() {
System.out.println("Choice:");
System.out
.println(" 1. Print all customers (call the toString method)");
System.out
.println(" 2. Print all insurance information (call the toString method)");
System.out
.println(" 3. Given a policy number, print the policy information");
System.out
.println(" 4. Find all of the policies for a given customer");
System.out
.println(" 5. Sort the insurance policy information by customer number");
System.out
.println(" 6. Sort the insurance policy information by policy number");
System.out.println(" 7. QUIT!! ");
System.out.println("\n CHOICE:");
int value = scan.nextInt();
return value;
}
// write a printAllCusts method that prints out the toString method for all
// of the customers
public static void printAllCustomers(ArrayList cust) {
}
// write a printAllInsurance method that prints out the toString method for
// all of the insurance policies
public static void printAllInsurance(ArrayList insure) {
// print out all of the information
for (Insurance ins : insure)
System.out.println(ins.toString());
}
// write a printPolicy method that prints the information for the policy
// number
// passed in or the statement "That policy does not exist" if it is not
// present
public static void printPolicy(ArrayList insure, int num) {
}
// write a getCustomer method that prints the information for all of the
// policies for a given customer
// that customer number is passed in. If none, have it print
// "There are no policies for that customer"
public static void getCustomer(ArrayList insure, int num) {
}
// write a method that sorts the policies by policy number
// look at the example in the search_sort package
public static void sortPolNum(ArrayList insure) {
Collections.sort(insure);
}
// write a method that sorts the policies by customer number
// this one is tougher since you can not use the Collections.sort() method
// so you need to just slug out some code.
// Look at the bubble sort from the SortByHand in the search_sort package
// You will want to do something similar
// Here is some pseudocode to help
//
public static void sortCustNum(ArrayList insure) {
{
for (int out = insure.size() - 1; out > 1; out--)
for (int in = 0; in < out; in++) {
// get the first insurance policy
// get the customer from that insurance policy
// get the customer number from that insurance policy
// get the second insurance policy
// get the customer from that insurance policy
// get the customer number from that insurance policy
// We want to check to see if the second customer number is
// less than the first one
// NOTE: When comparing customer numbers:
// SortByHand uses Strings so it uses the compareTo()
// method.
// We are comparing integers so we can just use <
// if the second customer number is less than the first one
// swap the two insurance policies in the original "insure"
// ArrayList
// check out the SortByHand to see how to swap.
}
}
}
}
------------------------------------------------------------------------------------------------------------------------------------------
public class ArtInsurance extends Insurance {
//variables
private String description;
private double value;
//constructor which internally calls the super class constructoor which sets values to super class variables as well
public ArtInsurance(Customer cust, String description, double value,int policyNum,double yearlyRate) {
super(cust,policyNum,yearlyRate);
this.description = description;
this.value = value;
}
//constructor
public ArtInsurance(String description, double value) {
super();
this.description = description;
this.value = value;
}
//getters and setters
public String getDescription() {
return description;
}
public void setDescription(String description) {
this.description = description;
}
public double getValue() {
return value;
}
public void setValue(double value) {
this.value = value;
}
@Override
public void calcRate() {
// TODO Auto-generated method stub
yearlyRate=0.6;
}
//toString()
@Override
public String toString() {
return "ArtInsurance [description=" + description + ", value=" + value
+ ", customer=" + customer + ", yearlyRate=" + yearlyRate
+ ", policyNumber=" + policyNumber + "]";
}
}
In: Computer Science
If a company applies its cost of capital to all projects, it runs the risk of accepting some negative-NPV projects that are _____ the company’s existing projects.
a. riskier than
b. of lower risk
c. of the same risk
d. of shorter life than
e. of longer life than
In: Finance
A radio station runs a promotion at an auto show with a money box with 14 $25 tickets, 11 $5 tickets, and 15 $1 tickets. The box contains an additional 20 "dummy" tickets with no value. Three tickets are randomly drawn. Find the probability that all three tickets have no value. The probability that all three tickets drawn have no money value is..... (Round to four decimal places as needed.)
In: Statistics and Probability
(A). The number of home runs that Mark McGuire hit in the first 13 years of his major league baseball career are as follows {3, 49, 32, 33, 39, 22, 42, 9, 9, 39, 52, 58, 70} Construct a stem-and-leaf plot for the data.
(B). A random sample of 32 high school students is selected.
Each student is asked how much time he or she spent on the internet
during the previous week. The times, in hours, are listed in the
following data set {14, 22, 16, 19, 16, 14, 16, 15, 13, 19, 17, 15,
15, 14, 17, 16, 13, 13, 18, 15, 13, 15, 22, 17, 14, 18, 14, 17, 16,
16, 16, 14}. Construct a frequency and relative frequency
distribution for the data set.
Observation Frequency Relative
Frequency
13
14
15
16
17
18
19
22
(C). Below is a list of quiz scores in a frequency table. What
was the average quiz score and standard deviation?
Score Frequency
5 1
6 1
7 2
8 3
9 4
10 2
4(D) At a tennis tournament a statistician kept track of every serve. The statistician reported that the mean serve speed of a particular player was 95 mph and the standard deviation of the same player’s serve speeds was 12 mph. Nothing is known about the shape of the player’s serve distribution. Give an interval that will contain the speeds of at least 8/9 of the player’s serves.
(E). The mean credit hours taken at Ohio State University is 15 with a standard deviation of 4. Calculate and interpret the z-score for a student at Weber State taking 18 credit hours
In: Statistics and Probability
home / study / business / finance / finance questions and answers / ashley runs a small business, in boulder colorado. she expects the business to grow substantially ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Ashley runs a small business, in Boulder Colorado. She expects the business to grow substantially... Ashley runs a small business, in Boulder Colorado. She expects the business to grow substantially over the next three years. Because she is concerned about product liability and is planning to take the company public in year 2 she is considering incorporating the business.The financial data is as follows: Year 1 - Sales revenue = 150,000 tax-free interest= 5,000 deductible cash expenses= 30,000 tax depreciation= 25,000 Year 2 sales revenue= 320,000 tax-free interest= 8,000 deductible cash expenses= 58,000 tax depreciation= 20,000 Year 3 sales revenue= 600,000 tax free interest= 15,000 deductible cash expenses= 95,000 tax depreciation= 40,000. Ashley expects her combined Federal and state marginal income tax rate to be 35% over the three years before any profits from the business are considered. Her after-tax cost of capital is 12%. a.) Considering only this data, compute the present value of the future cash flows for the three-year period, assuming Ashley incorporates the business and pays all after-tax income as dividends (for Ashley's dividends that qualify for the 15% rate). b.) Considering only this data, compute the present value of the future cash flows for the period, assuming Ashley continues to operate the business as a sole proprietorship. c.) Should Ashley incorporate the business in year 1? Why or why not? I need the answer to question b and c
In: Accounting
At the end of 2016 in the retail division, Devin runs a report that shows all products that have not sold at all in 2016. This report shows the following three products that have been discontinued by the manufacturer:
Item L78 that cost $226 and 2 are on hand. Retail price $299
Item R56 that cost $65 and 6 are on hand. Retail price $99
Item B86 that cost $148 and 4 are on hand. Retail price $265
While investigating these items, we find out that for all of them, the sales crew has marked them down 25% but that has not resulted in sales. The lack of parts and support for discontinued models concerns most customers. In early January, 2017 - Devin marks down the models listed above at 50% off retail price. They put the items in a more prominent position in the store and promote them in the online catalog. Sales start to trickle in.
Required for 2016:
In: Accounting