Fill in blank:

1-The Shark Aggressive Mutual Fund has assets of $5million and liabilities of $750,000 The number of shares outstanding is 250,000. What is the Net Asset Value (NAV) or share price of the fund ______________________

2-At a minimum, you should invest enough into your employer sponsored retirement plan to receive the maximum _____________ _____________ from your employer, if it is offered

3-You recently received some information regarding a prospective employer's retirement plan You notice the vesting schedule is 20% each year for your first five years of employment, after five years you are 100% vested. This is an example of_________________ ________________

4- Regardless of income we all pay the same amount of sales tax for our purchases therefore sales tax would be considered a ____________ tax

Bank of America has 14 million common shares outstanding with current price of $50 and book value of $18 a share and a beta of 1.88. They also have two bond issues outstanding. The first bond issue has book value of $100 million, coupon rate of 11% and currently sells at 125.678% of par. The second bond issue is a zero coupon bond with book value of $50 million and currently sells at 43%. Maturity of both bonds is 15 years. The tax rate is 45%. Market return is 8% and the T. bill rate is 3.5%. (step-by-step, pls)

1. What are capital structure weights on a book value basis?

2. What are capital structure weights on a market value basis?

3. What is the Weighted Average Cost of Capital (WACC)?

Padre holds 100 percent of the outstanding shares of Sonora. On January 1, 2016, Padre transferred equipment to Sonora for $126,000. The equipment had cost $154,000 originally but had a $64,000 book value and five-year remaining life at the date of transfer. Depreciation expense is computed according to the straight-line method with no salvage value. Consolidated financial statements for 2018 currently are being prepared. What worksheet entries are needed in connection with the consolidation of this asset? Assume that the parent applies the partial equity method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Prepare Entry *TA to adjust to the 1/1/2018 balances for the consolidated entity.

Prepare Entry ED to remove the excess current year depreciation to reflect the historical depreciation instead of the transfer price.

A manufacturer of car transmissions wants to develop a cost estimate for a customer’s order for 25 transmissions. It is estimated that the first transmission will take 100 hours of shop time and an 80% learning curve is expected. Using the learning curve tables:-
a. How many labour-hours should the 25th transmission require? [5 marks] b. How many labour-hours should the whole order for 25 transmission require? [5 marks] c. If the labour hour rate is $50 per hour and the pricing policy of the company is to double the labour costs of the order, what is the customer price for each transmission? [6 marks] d. Total Quality Management (TQM) can be an excellent quality management technique if properly implemented. Discuss the obstacles associated with the implementation of TQM. [9 marks]

Translation and Remeasurement of Depreciable Assets

Massmart, the second largest retailer in Africa, is a subsidiary of Wal-Mart Inc., a U.S. company. Massmart reports its accounts in its local currency, the rand (R). Wal-Mart’s fiscal year ends January 31. On February 1, 2018, Massmart reports facilities with original cost of R500 million and accumulated depreciation of R280 million in its noncurrent assets, as follows:

• Buildings acquired at a cost of R175 million when the exchange rate was $0.15/R, with accumulated depreciation of R100 million. The buildings are being depreciated on a straight-line basis over 25 years.

• Equipment acquired at a cost of R325 million when the exchange rate was $0.12/R, with accumulated depreciation of R180 million. The equipment is being depreciated on a straight-line basis over 10 years.

Additional exchange rates:

Massmart still holds these facilities at January 31, 2019.

Required

a. Assume that Massmart’s functional currency is the rand. Calculate Massmart’s translated facilities, at cost, and related accumulated depreciation, at January 31, 2019, and its translated depreciation expense for fiscal 2019.

b. Now assume that Massmart’s functional currency is the U.S. dollar. Calculate Massmart’s remeasured facilities, at cost, and related accumulated depreciation, at January 31, 2019, and its remeasured depreciation expense for fiscal 2019.

Enter answers using all zeros (do not abbreviate to millions or thousands).

Code in C++

Assign negativeCntr with the number of negative values in the linked list.

#include <iostream>
#include <cstdlib>
using namespace std;

class IntNode {
public:
IntNode(int dataInit = 0, IntNode* nextLoc = nullptr);
void InsertAfter(IntNode* nodePtr);
IntNode* GetNext();
int GetDataVal();
private:
int dataVal;
IntNode* nextNodePtr;
};

// Constructor
IntNode::IntNode(int dataInit, IntNode* nextLoc) {
this->dataVal = dataInit;
this->nextNodePtr = nextLoc;
}

/* Insert node after this node.
* Before: this -- next
* After: this -- node -- next
*/
void IntNode::InsertAfter(IntNode* nodeLoc) {
IntNode* tmpNext = nullptr;

tmpNext = this->nextNodePtr; // Remember next
this->nextNodePtr = nodeLoc; // this -- node -- ?
nodeLoc->nextNodePtr = tmpNext; // this -- node -- next
}

// Grab location pointed by nextNodePtr
IntNode* IntNode::GetNext() {
return this->nextNodePtr;
}

int IntNode::GetDataVal() {
return this->dataVal;
}

int main() {
IntNode* headObj = nullptr; // Create intNode objects
IntNode* currObj = nullptr;
IntNode* lastObj = nullptr;
int i;
int negativeCntr;

negativeCntr = 0;

headObj = new IntNode(-1); // Front of nodes list
lastObj = headObj;

for (i = 0; i < 10; ++i) { // Append 10 rand nums
currObj = new IntNode((rand() % 21) - 10);
lastObj->InsertAfter(currObj); // Append curr
lastObj = currObj; // Curr is the new last item
}

currObj = headObj; // Print the list
while (currObj != nullptr) {
cout << currObj->GetDataVal() << ", ";
currObj = currObj->GetNext();
}
cout << endl;

currObj = headObj; // Count number of negative numbers
while (currObj != nullptr) {

/* Your solution goes here */

currObj = currObj->GetNext();
}
cout << "Number of negatives: " << negativeCntr << endl;

return 0;
}

Fill in the missing information in the following table:

At Expiration

Long               Call            Strike       Value of             Value of       Profit                          Profit

or Short          or Put        Price        Option Today   Underlying   (Intrinsic Value)      (Loss)                                                                                             Asset

Long              Call             100             2.50                      110

Short             Call             100             2.50                       110

Long              Put              100            2.50                          95

Short              Put              100           2.50                       95

Long               Call             120          2.50                     105

Short              Call            120            2.50                    105

Long               Put             120           2.50                     130

Short               Put             120           2.50                     130

1. When using the high-low method for estimating the fixed and variable portion of a mixed cost, you must first find the high and low points of sales. Then, to find the variable cost per unit, you must: Select one: a. Divide the difference in unit sales by the difference in total cost b. Divide the difference in total cost by the difference in unit sales c. Divide the difference in dollar sales by the difference in total cost d. Divide the difference in total cost by the difference in dollar sales

2. Sales mix is Select one: a. the relative percentage in which a company sells its multiple products b. the trend of sales over recent periods c. the mix of variable and fixed expenses in relation to sales d. a measure of leverage used by the company

3. In a sales mix situation, at any level of units sold, net income will be higher if Select one: a. more higher contribution margin units are sold than lower contribution margin units b. more lower contribution margin units are sold than higher contribution margin units c. more fixed expenses are incurred d. weighted-average unit contribution margin decreases

4. Ramirez Corporation sells two types of computer chips. The sales mix is 30% (Q-Chip) and 70% (Q-Chip Plus). Q-Chip has variable costs per unit of $60 and a selling price of $100. Q-Chip Plus has variable costs per unit of $70 and a selling price of $130. The weighted-average unit contribution margin for Ramirez is Select one: a. $46 b. $50 c. $54 d. $100

5. Ramirez Corporation sells two types of computer chips. The sales mix is 30% (Q-Chip) and 70% (Q-Chip Plus). Q-Chip has variable costs per unit of $60 and a selling price of $100. Q-Chip Plus has variable costs per unit of $70 and a selling price of $130. Ramirez’s fixed costs are $540,000. How many units of Q-Chip would be sold at the break-even point? Select one: a. 3,000 b. 3,522 c. 5,000 d. 7,000

Earlier today, Alpha-Beta Inc. issued convertible bonds with $1000 par value and a conversion ratio of 20. What is the most likely market price for Alpha-Beta’s common stock currently?

a.Less than $50
b.Between $50 and $100
c.$50
d.More than $100