Given the following information, which of the following is most correct?

Historical Year Projected Year

Sales. 350,000. 420,000

EBIT 200,000 250,000

EBT 180,000 236,000

Net Income 117,000 153,400

EPS   1.19 1.56

A.Fixed cost and interest expense increasing proportionately with sales.

B. The degree of financial leverage is 1.325

C. The degree of operating leverage is 0.669

D. None of these choices are correct

E.The degree of operating leverage is 1.555

Grohl Co. issued 16-year bonds a year ago at a coupon rate of 6 percent. The bonds make semiannual payments. If the YTM on these bonds is 8 percent, what is the current bond price?

Awesome Cookie Company had total credit sales for the past year of $800,000. As of year-end, but before estimating bad debts, the company had a $70,000 debit balance in accounts receivable and a $600 debit balance in the Allowance for Uncollectible Accounts. The company provided the following aging of accounts receivable schedule and estimates of the bad debts percentages:

Age	Amount	Bad debt Percentage
1-30 days	38,500	10%
31-60 days	21,000	25%
61-90 days	6,300	40%
Over 90 days	4,200	80%

Which journal entry will the company need to make to estimate bad debts using the aging method?

The file CD Rate contains yields for a one-year certificate of deposit (CD) and a five-year CD for 39 banks listed for West Palm Beach, Florida on January 9, 2017. For each type of investment, decide whether the data appear to be approximately normally distributed by:

a. comparing data characteristics to theoretical properties.

b. constructing a normal probability plot

Bank	One-Year	Five-Year
5 Star Bank	1.00	1.60
Alostar Bank of Commerce	1.05	1.66
Amalgamated Bank	0.50	1.10
AmTrust Bank	0.40	1.25
Applied Bank	0.15	0.15
Armed Forces Bank N. A.	0.75	1.75
Auto Club Trust FSB	1.15	1.75
Bank of America	0.05	0.15
Blake & Herbert Bank	0.50	0.65
BlueHarbor Bank	0.50	0.90
BMO Harris Bank NA	0.15	0.75
Busey Bank	0.20	0.75
California First National Bank	1.26	1.80
CBC national Bank	0.45	1.75
Discover Bank	1.15	1.76
EH National Bank	0.95	1.51
E-Loan	1.28	1.80
EverBank	1.35	2.28
First Internet Bank of Indiana	1.21	2.07
First Tennessee Bank NA	0.10	0.55
Goildman Sachs Bank USA	1.20	1.85
Goldwater Bank	1.07	1.25
grantbank	1.06	1.66
Grow Financial FCU	0.45	2.00
Home Savings Bank	1.00	1.90
Live Oak Bank	1.30	1.75
Luana Savings Bank	0.80	1.61
Patriot Bank	0.30	1.01
Pendelton Community Bank	0.35	1.35
PNC Bank	0.10	0.55
Popular Direct	1.28	2.25
Presidential Bank FSB	0.95	1.53
Radius Bank	0.25	1.00
Synchrony	1.25	1.85
TD Bank NA	0.25	0.65
Union Bank	0.25	1.15
Urban Partnership Bank	0.28	0.70
VirtualBank	1.31	1.81
Wells Fargo	0.05	0.35

Sheldon Company began Year 1 with $1200 in its supplies account. During the year, the company purchased $3500 of supplies on account. The company paid $2100 on accounts payable by year end. At the end of Year 1, Sheldon counted $1900 of supplies on hand. Sheldon's financial statements for Year 1 would show: $2600 of supplies; $3500 of supplies expense $1900 of supplies; $2800 of supplies expense $1900 of supplies; $1600 of supplies expense $2600 of supplies; $700 of supplies expense

The Shirt Shop had the following transactions for T-shirts for Year 1, its first year of operations:

Jan. 20	Purchased	490	units	@	$	8	=	$	3,920
Apr. 21	Purchased	290	units	@	$	10	=		2,900
July 25	Purchased	370	units	@	$	13	=		4,810
Sept. 19	Purchased	180	units	@	$	15	=		2,700

During the year, The Shirt Shop sold 1,080 T-shirts for $24 each.

b. Record the above transactions in general journal form and post to T-accounts using (1) FIFO, (2) LIFO, and (3) weighted average. Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions.

----->>>>>T CHARTS OF GJ FIFO, GJ LIFO, GJ WA, GJ ACC FIFO, GJ ACC LIFO, GJ ACC WA.

The following transactions pertain to Year 1, the first-year operations of Baird Company. All inventory was started and completed during Year 1. Assume that all transactions are cash transactions.

1.Acquired $4,000 cash by issuing common stock.

2.Paid $700 for materials used to produce inventory.

3.Paid $1,830 to production workers.

4.Paid $862 rental fee for production equipment.

5.Paid $110 to administrative employees.

6.Paid $120 rental fee for administrative office equipment.

7.Produced 320 units of inventory of which 230 units were sold at a price of $13 each.

Required

Prepare an income statement and a balance sheet in accordance with GAAP.

Heights of 10 year olds. Heights of 10 year olds, regardless of gender, closely follow a normal distribution with mean 55 inches and standard deviation 6 inches. Round all answers to four decimal places.

1. What is the probability that a randomly chosen 10 year old is shorter than 57 inches?

2. What is the probability that a randomly chosen 10 year old is between 50 and 52 inches?

3. If the tallest 15% of the class is considered very tall, what is the height cutoff for very tall?  inches

4. What is the height of a 10 year old who is at the 39 th percentile?  inches

5. In order to ride the Great Chase ride at Six Flags America, a person must be no shorter than 42 inches. What proportion of 10 year olds cannot go on this ride?

Ambrin Corp. expects to receive $9,000 per year for 14 years and $10,500 per year for the next 14 years. What is the present value of this 28 year cash flow? Use an 11% discount rate. Use Appendix D and Appendix B. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.)

Grohl Co. issued 16-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price? _18_2012 ? $1,367.84 ? $1,246.88 ? $1,377.84 ? $1,647.72 ? $596.15