Petrol Ibérico, a European gas company, is borrowing $700,000,00 via a syndicated eurocredit for six years at 100 basis points over LIBOR. LIBOR for the loan will be reset every six months. The funds will be provided by a syndicate of eight leading investment bankers, which will charge up-front fees totaling 1.6% of the principal amount. What is the effective interest cost for the first year if the annual LIBOR is 3.50% during the first six months and 3.70% during the second six months.
In: Finance
Tess Company's inventory records show the following data for the month of May: Units Unit Cost Inventory, May 1 200 $2.00 Purchases: May 8 200 3.00 May 15 100 4.00 The company uses a periodic inventory system. A physical inventory on May 30 shows 150 units on hand. Assuming FIFO (First-In-First-Out) inventory costing, calculate the cost of goods sold. a. $1,100 b. $850 c. $700 d. $980
In: Accounting
An individual initially deposits $4,000 into an account that
pays interest at 8% per year compounded quarterly. A $200 deposit
is made in the first month of the second year with deposits
increasing by $40 per month until the end of the third year.
Beginning in the first month of the fifth year, withdrawals of $100
per month are taken out of the account until the end of the fifth
year. Compute the amount of money in the account to the nearest
cent immediately after the last withdrawal in year five.
In: Economics
On one particular day, two patients were brought in to a local emergency room, each with different signs and different prognoses, but each with the same underlying disease, stroke.
The first patient, a 70-year-old male, arrived by ambulance and was accompanied by his elderly wife. The patient was awake and alert, but was unable to move independently due to paralysis on his right side. He looked responsive and seemed to understand what was said to him, but he could not speak. His condition was first discovered by his wife when she woke him that morning. She called 911 when she realized that her husband could not get out of bed, he was unable to move his right arm and leg, and he could not talk to her.
The second patient arrived a few hours later, also by ambulance. Unlike the first patient, this woman was unconscious. She was breathing on her own and she showed no signs of paralysis. Her daughter had discovered her sitting in her chair, slumped over the table. She had been unable to arouse her and called 911.
CAT-scans were done on both patients and confirmed the tentative diagnosis of stroke. They were immediately treated with clot-dissolving drugs, in hopes of stopping more progressive damage. In Patient #1's case, the CAT-scan revealed a blockage in the left middle cerebral artery which supplies the posterior portion of the frontal lobe called the pre-central gyrus. In the case of Patient #2, the blockage was seen in the basilar artery which supplies the brainstem
In: Anatomy and Physiology
2) An analyst gathers the following information for a market capitalization (value) weighted index comprised of securities MNO, QRS, and XYZ:
|
Stock |
P0 (¥) |
P1 (¥) |
DPS* |
Shares Outstanding |
|
MNO |
2,500 |
2,700 |
100 |
5,000 |
|
QRS |
3,500 |
2,500 |
150 |
7,500 |
|
XYZ |
1,500 |
1,600 |
100 |
10,000 |
*DPS= Dividends per share
In: Finance
|
Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow: |
|
Percent Complete |
|||||||
| Units | Materials | Conversion | |||||
| Work in process inventory, May 1 | 55,000 | 100 | % | 40 | % | ||
| Work in process inventory, May 31 | 35,000 | 100 | % | 25 | % | ||
| Materials cost in work in process inventory, May 1 | $ | 47,100 | |||||
| Conversion cost in work in process inventory, May 1 | $ | 12,900 | |||||
| Units started into production | 247,500 | ||||||
| Units transferred to the next production department | 267,500 | ||||||
| Materials cost added during May | $ | 320,550 | |||||
| Conversion cost added during May | $ | 186,000 | |||||
| Required: |
| 1. |
Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for May for the first process. |
| 2. |
Compute the costs per equivalent unit for May for the first process. (Round your answers to 2 decimal places.) |
| 3. |
Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in May. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole number.) |
In: Accounting
A firm has an ROE of 20%, plowback ratio of 35%. The company just paid the annual dividend of $3 per share. What is the stock price if the required rate of return is 10%?
100
123
107
or
95.3
In: Finance
A stock will give an annuity of $100 for the next 10 years from year 1, and then the annuity will be reduced by 5% each year from year 11 (into infinity). If the required rate of return is 8%, what is the price of the stock?
In: Economics
8. Consider the daily prices of a stock as per the following table.
|
Time |
Price |
|
0 |
100 |
|
1 |
110 |
|
2 |
90 |
|
3 |
95 |
|
4 |
105 |
The volatility per day is ______________.
The volatility per annum is ______________.
In: Finance
KFA has issued a 100-year coupon bond with par of $1,000, and a 6.50% annual coupon paid semi-annually. Calculate its price for each of the following three YTM scenarios: 4.0%, 6.0%, and 8.0%.
In: Finance