McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.83 per share. The firm’s debt is publicly traded and was recently quoted at 90.00% of face value. It has a total face value of $19.00 million, and it is currently priced to yield 10.00%. The risk free rate is 4.00% and the market risk premium is 8.00%. You’ve estimated that the firm has a beta of 1.19. The corporate tax rate is 34.00%. The firm is considering a $45.70 million expansion of their production facility. The project has the same risk as the firm overall and will earn $10.00 million per year for 7.00 years. What is the cost of equity?What is the percentage of equity used by McCann Catching, Inc.? What is the WACC for McCann Catching, Inc.? What is the NPV of the expansion? (answer in terms of millions, so 1,000,000 would be 1.0000)

1. Describe the difference between a service and merchandising firm. Give an example of each from publicly traded companies.
2. Give a detailed example of the recording of purchases under a perpetual inventory system including returns, allowances and discounts.
3. Give a detailed example of the recording sales revenues under a perpetual inventory system including returns, allowances and discounts.
4. Give a detailed example of the recording of purchases under a periodic inventory system including returns, allowances and discounts.
5. Give a detailed example of the recording sales revenues under a periodic inventory system including returns, allowances and discounts.
6. What are the differences between a single-step and a multiple-step income statement?
7. Give an example of how to calculate cost of goods sold under a periodic inventory system. Show all relevant accounts.
8. Explain how the gross profit rate and the profit margin are computed.

You own a small networking startup. You have just received an offer to buy your firm from a​ large, publicly traded​ firm, JCH Systems. Under the terms of the​ offer, you will receive 1 million shares of JCH. JCH stock currently trades for $25.63 per share. You can sell the shares of JCH that you will receive in the market at any time. But as part of the​ offer, JCH also agrees that at the end of one​ year, it will buy the shares back from you for $25.63 per share if you desire. Suppose the current​ one-year risk-free rate is 5.95%​, the volatility of JCH stock is 29.4%​, and JCH does not pay dividends.​ Round all intermediate values to five decimal places as needed.

a. Is this offer worth more than $25.63 million? Explain.

b. What is the value of the​ offer?

​(Working with a statement of cash flows​) Given the information in the popup​ window, LOADING...​, prepare a statement of cash flows. Complete operating activities part of the statement of cash​ flows:  ​(Round to the nearest dollar. NOTE​: Input cash inflows as positive values and cash outflows as negative​ values.)

These questions are about the Nicaraguan Sign Language Senghas (2004) article.

1.) What is the theoretical postion on the Nicaraguan Sign Language?

2.) What are the 2 properties of language focused on in the Senghas (2004) article? Can you explain what each of them are and why they are important?

3.) How many NSL signers were studied in each of the 3 cohorts that were sampled

a.)How did their linguistic environments differ?

b.)How did their signs differ?

4.)What do you think NSL helps us understand about language development?

Use the data in Table 3.7 to estimate the two equations given previously, and use the output to answer the questions below related to each equation,

From the first equation

1.  Goldpricet=β1+β2CPIt+ut

β1= Answer (2 decimals)

β2= Answer (2 decimals)

r2= Answer (4 decimals)

SSR= Answer (0 decimals)

From the second equation,

2.  NYSEindext=β1+β2CPIt+ut

β1= Answer (2 decimals)

β2= Answer (2 decimals)

r2= Answer (4 decimals)

SST= Answer (0 decimals

She looked at my calculations and said they were wrong, so only the calculations need to be redone. So, you'd look at the Apple pdf.'s, and compare the numbers to my Apple calculations page, and recalculate. Be sure to keep the old answers there, and show recalculations in red

For your second project, you will print the Income Statement and Balance Sheet of a real corporation and calculate ratios using financial items from them.

Instructions:

1. Print off the income statement and balance sheet of a publicly traded corporation. Use Marketwatch.com:
   • type the ticker or company name in the “search” box
   • select ‘Financials’ from the menu
   • Print your company’s financial statements, selecting “annual data,” not “quarterly data.”

2. On a separate piece of paper, show me your calculations for the most current year for the following ratios:

Current Ratio (1:1)

Debt Ratio (%)

Hand in:

1. The two statements (the Income Statement and the Balance Sheet) you printed off, stapled to
2. The ratio calculations page – include on this page the name of the company for which you are calculating ratios.

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Apple Calculations From Balance Sheet info

Current Ratio = Current Assets/Current Liabilities

1.36B Current Ratio = -338.52B Current Assets /248.03 Current Liabilities

Debt Ratio = Total Debt/Total Assets

-9.85% = 73.27% Total Debt /-7.44% Total Assets

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BUS1 121B – Intermediate Accounting II

Respond to the following prompt

Ten years down the road, you go to work as the controller of a start-up tech company that received its second major round of funding about a year ago and is searching for its third round of funding in order to continue to grow. However, the company is struggling to adequately compensate its employees and is concerned about losing high-quality talent to larger, better-funded competitors. It has previously established a generous share-based compensation plan in which employees receive equity stakes in the firm in addition to normal salary, but given that the firm is a long way from going public many of the employees see the share-based compensation as valueless.

As such, the firm has established a new compensation plan wherein each employee receives, in addition to their normal stock grants of 20,000 shares per year, they receive an additional set of grant each year of 25,000 shares that vest on a graded basis of 25% per semi-annual period over the next two years and which, one year after full vesting, the firm promises to repurchase the grant at the greater of either $5 per share or the market price of the shares, if the equity is publicly traded at that time.

How should the firm account for the traditional equity-based compensation plan and the new compensation plan? Cite ASC where appropriate.

A monopolist faces a demand curve of Q = 164 – P, where P is price and Q is the output produced by the monopolist. What choice of output will maximize revenue?

Group of answer choices

70

74

82

86

if monopolist produces good X and faces a demand curve X = 112 - 2P, where P is price. What is the monopolist's marginal revenue as a function of good X?

Group of answer choices

44 - X

56 - 0.5X

56 - X

44 - 0.5X

Determine the below ratios for 2011 and 2012 and compare the Hospitals financial performance year to year based on those ratios. Make sure you explain what each ratio measures

Current Ratio

Average Payment Period

Operating Margin

Total Margin

Return on Net Assets

Cash Flow to Debt

FINANCIAL STATEMENTS:

Cash Flows from Operating Activities:                         2012                    2011

Cash received from patient services                             $3783                 $2590

Cash paid to employees and suppliers                         (3684)                (2541)

Interest paid                                                                           (16)                       (14)

Interest earned                                                                        13                            6

Net Cash from Operations                                                     $96                      $41


Cash Flows from Investing Activities:

Purchase of Property and Equipment                                 ($25)                     ($19)

Securities Purchase                                                                ($35)                      ($15)

Net Cash from Investing Activities                                      ($60)                     ($34)

Cash Flows from Financing Activities:                              
Contributions                                                                        10                            6
Repayment of long-term debt                                           (13)                          (0)
Net cash from financing activities                                   ($3)                          ($6)
Net increase (decrease) in cash and equivalents         ($33)                        ($13)


Cash and equivalents, beginning of year                        $41                           $28


Cash and equivalents, end of year                                  $74                           $41

Revenues                                                                           2012                            2011

Patient Service Revenue                                                $4042                          $2687

Provision for bad debts                                                    $46                              $21

Net Patient Service Revenue                                       $3996                           $2666

Other operating revenue                                              $27                                 $32

Total Revenues                                                              $4023                            $2698


Expenses:

Salaries and benefits                                                   $2714                               $1835

Supplies and drugs                                                           1042                                675

Insurance                                                                           90                                   83

Depreciation                                                                      21                                   15

Interest                                                                                16                                  19

Total expenses                                                                  $3883                           $2627


Operating Income                                                           $140                                $71

Non-operating Income:
                                               
Contributions                                                                     $10                                $22

Investment income                                                              13                                   6

Total Non-operating income                                         $23___                          28____

Net income (excess of revenues
over expenses)                                                                 $163                                  $99

ASSETS                                                                          2012                                   2011

Current Assets:

Cash and cash equivalents                                         $74                                      $41

Shor-term investments                                               $147                                     $137

Accounts receivable, net                                               727                                      476

Inventories                                                                        27__                                  22___

Total Current Assets                                                        $975__                               $676__


Investments                                                                        125___                              $100____


Property and Equipment:

Medical and office equipment                                           $56                                      $54

Vehicles                                                                                   70__                                    47___

Total                                                                                        $126                                    $101

Less: Accumulated Depreciation                                        (45)                                      (24)

Net Property Equipment                                                     $81                                       $77

Total Assets                                                                         $1181                                     $853

LIABILITIES AND EQUITY

Current Liabilities:                                 

Notes payable                                                                   $13                                           $13

Accounts Payable                                                              40                                              21

Accrued expenses                                                             496                                            337

Total Current Liabilities                                                  $541                                           $371



Long term debt                                                                 $154__                                    $167_

Total Liabilities                                                                   $703                                       $538                                                              


Equity (Net Assets)                                                           $478                                        $315


Total Liabilities and equity                                              $1181                                        $853