Questions
In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use?

In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? 

(a) Treasury stock (recorded at cost). (b) Checking account at bank. (c) Land (held as an investment). (d) Sinking fund. (e) Unamortized premium on bonds payable. (f) Copyrights. (g) Pension fund assets. (h) Premium on common stock. (i) Long-term investments (pledged against bank loans payable).

In: Accounting

An entrepreneur has a choice of two mutually exclusive investment projects, Project A and Project B....

An entrepreneur has a choice of two mutually exclusive investment projects, Project
A and Project B. Each lasts for one time period and the firm has no other projects.
Project A will result in a cash flow of £27 million in the good state and £10 million in
the bad state. Each outcome is equally likely. Project B will result in a cash flow of
£34 million in the good state and zero in the bad state. Each outcome is equally
likely. Assume the entrepreneur is able to choose which project to undertake after
the finance has been raised.
Each project requires an initial investment of £6 million. Assume risk-neutrality and a
discount rate of zero.

Assume for parts (a) to (c) that the investment is financed by debt.
(a) If Project A is chosen, what is the expected value of the firm and the payoffs
to the debtholders and the entrepreneur?
(b) If Project B is chosen, what is the expected value of the firm and the payoffs
to the debtholders and the entrepreneur? Which is the better project? Which
one will the entrepreneur choose?
(c) Assume the debtholders are fully aware of the firm’s possible investment
choices. They decide to use a bond covenant to stipulate that the face value
of the debt will be £9.2 million if the entrepreneur decides to take on the riskier
project. Which project does the entrepreneur choose now? Is this different
from your answer in part (b)? Why/why not?
(d) Suppose the entrepreneur chooses instead to finance the project with outside
equity. Which project will be chosen? What fraction of the project’s payoff will
the outside equityholders ask for? What is the payoff to the entrepreneur and
the expected value of the firm?
(e) Explain the risk-shifting (asset substitution) agency problem identified by
Jensen and Meckling (1976), with reference to your results in parts (a) to (d).
Is the solution to use as much outside equity as possible? Explain.

Please provide detailed answers, thank you!

In: Finance

Sam owns a delivery truck which initially cost $20,000. After deducting depreciation of $14,000, Sam negotiated...

Sam owns a delivery truck which initially cost $20,000. After deducting depreciation of $14,000, Sam negotiated with Dealer to obtain a new delivery truck. As a result of these negotiations, Sam traded in this used delivery truck to obtain a new delivery truck from Dealer worth $22,000. Sam also paid the Dealer $12,000 in cash. Based on well-documented Internet transactions, both parties agreed that the new delivery truck had a fair market value of $22,000. Dealer had purchased this truck from Toyota for $20,000 one month earlier. Sam is in the business of delivering merchandise to stores, and Dealer is in the business of selling new and used trucks. As a result of this transaction, Dealer paid its salesperson a commission equal to 5% of the truck sold to Sam.
1. What are the tax consequences of this transaction to Sam. Discuss all consequences, in detail. If you need additional information that is not presented above, state what that additional information is.
2. What are the tax consequences of this transaction to Dealer? Discuss all consequences, in detail. If you need additional information that is not presented above, state what that additional information is.

In: Accounting

Q9 Provided the amplitude is sufficiently great, the human ear can respond to longitudinal waves over...

Q9

Provided the amplitude is sufficiently great, the human ear can respond to longitudinal waves over a range of frequencies from about 20.0 Hz to about 20.0 kHz. (a) If you were to mark the beginning of each complete wave pattern with a red dot for the long-wavelength sound and a blue dot for the short-wavelength sound, how far apart would the red dots be? m How far apart would the blue dots be? cm (b) In reality would adjacent dots in each set be far enough apart for you to easily measure their separation with a meterstick? Yes No (c) Suppose you repeated part (a) in water, where sound travels at 1480 m/s. How far apart would the red dots be? m How far apart would the blue dots be? cm Could you readily measure their separation with a meterstick? Yes No

In: Physics

company - H&R Block You must use the annual report, from the company's own website, or...

company - H&R Block

You must use the annual report, from the company's own website, or from the SEC database. Quarterly financial statements should not be used to do ratios because (1) many companies are seasonal and quarterly numbers may not be representative of annual performance and (2) quarterly numbers are not audited, whereas annual financials are. Financial information provided by third parties like Yahoo Finance or Google Finance are not acceptable, as these numbers are not necessarily accurate. You must use the company's official annual report. If you go to the company website, and select investor section, annual reports, or SEC filings and you should get the correct information (which also might be in the form of a 10K report)

Show the ratio calculation for each year, the calculation result, and the interpretation of the numbers. I suggest you put it in tabular format and cut and paste into discussion to maintain formatting

What do you note in the changes of ratios from year to year? Explain what the ratios mean. Do these ratios correlate with what you know about these companies? Be sure to provide the raw data so we can see how you calculated these ratios. Do not use calculated ratios you might find on financial websites. They are often incorrect or use old data.


1. Gross Profit margin

2. Profit Margin

3. Debt Ratio ( Liabilities/Assets)

4. Quick Ratio


In: Finance

27. Explain the major differences in the products of cell division between mitosis and meiosis. What...


27. Explain the major differences in the products of cell division between mitosis and meiosis. What are the primary functions of each type of cell division?detail answer

In: Biology

Who are the suppliers of Apple Inc., and what kind of services apple Inc. is expecting...

  1. Who are the suppliers of Apple Inc., and what kind of services apple Inc. is expecting from them? Explain in detail. (min 100 words – 3 marks)

In: Economics

How do you estimate what concentrations of ZnCl2 will give a conductivity range of 300-2000 microseconds/cm?...

How do you estimate what concentrations of ZnCl2 will give a conductivity range of 300-2000 microseconds/cm?

If posible please explain how in detail.

In: Chemistry

in Cournot Oligopoly, Each firm believes rivals will hold their output constant if it changes its...

in Cournot Oligopoly, Each firm believes rivals will hold their output constant if it changes its output. <- what does it mean by this ? can anyone explain in detail?

In: Economics

What biotic factors might account for any differences between different types of habitats, such as disturbed...

What biotic factors might account for any differences between different types of habitats, such as disturbed and less disturbed hillsides. Please explain with great detail

In: Biology