Ex. 7 asks for pre-tax cost of debt (i.e., yield to maturity YTM), so you must apply =YIELD(...) Excel function previously learned from Chapter 7.
Calculate Cost of Debt [LO2] Jiminy’s Cricket Farm issued a 30-year, 7 percent semiannual bond 3 years ago. The bond currently sells for 93 percent of its face value. The company’s tax rate is 35 percent. A. What is the pretax cost of debt? B. What is the after tax cost of debt? C. Which is more relevant, the pretax or the after tax cost of debt? Why?
In: Finance
Differential Analysis Report for Sales Promotion Proposal Rocket Shoe Company is planning a one-month campaign for August to promote sales of one of its two shoe products. A total of $105,000 has been budgeted for advertising, contests, redeemable coupons, and other promotional activities. The following data have been assembled for their possible usefulness in deciding which of the products to select for the campaign. Cross-Trainer Shoe Running Shoe Unit selling price $40 $44 Unit production costs: Direct materials $ (7) $(10) Direct labor (2) (3) Variable factory overhead (2) (2) Fixed factory overhead (4) (5) Total unit production costs $(15) $(20) Unit variable selling expenses (13) (12) Unit fixed selling expenses (7) (5) Total unit costs $(35) $(37) Operating income per unit $ 5 $ 7 No increase in facilities would be necessary to produce and sell the increased output. It is anticipated that 30,000 additional units of cross-trainer shoes or 25,000 additional units of running shoes could be sold without changing the unit selling price of either product. Required: 1. Prepare a differential analysis report presenting the additional revenue and additional costs anticipated from the promotion of cross-trainer shoes and running shoes. Rocket Shoe Company Proposals for Sales Promotion Campaign Differential Analysis Report Cross-Trainer Shoes Running Shoe Differential revenue from proposals $ $ Differential cost of proposals: Direct materials $ $ Direct labor Variable factory overhead Variable selling expenses Sales promotion expenses Differential cost of proposals $ $ Net differential income from proposed sales promotion campaign $ $
In: Accounting
Choosing any two countries (two democracies, two autocracies, or one democracy and one autocracy), compare and contrast the structures and institutions of each country. Do these countries have the same structures? Do the institutions in each country perform the same functions? Choosing any two countries (two democracies, two autocracies, or one democracy and one autocracy), compare and contrast the structures and institutions of each country. Do these countries have the same structures? Do the institutions in each country perform the same functions?
Choose one country and explain how political and economic decisions made by one country affect neighboring countries in the region or countries across the globe?
In: Economics
Two used car dealerships compete side by side on a main road. The first, Harry’s Cars, always sells high-quality cars that it carefully inspects and, if necessary, services. On average, it costs Harry’s $8000 to buy and service each car that it sells. The second dealership, Lew’s Motors, always sells lower-quality cars. On average, it costs Lew’s only $5000 for each car that it sells. If consumers knew the quality of the used cars they were buying, they would pay $10,000 on average for Harry’s cars and only $7000 on average for Lew’s cars.
Without more information, consumers do not know the quality of each dealership’s cars. In this case, they would figure that they have a 50-50 chance of ending up with a high-quality car and are thus willing to pay $8500 for a car. Harry has an idea: He will offer a bumper-to-bumper warranty for all cars that he sells. He knows that a warranty lasting Y years will cost $500Y on average, and he also knows that if Lew tries to offer the same warranty, it will cost Lew $1000Y on average.
a. Suppose Harry offers a one-year warranty on all of the cars he sells. i. What is Lew’s profit if he does not offer a one-year warranty? If he does offer a one-year warranty? ii. What is Harry’s profit if Lew does not offer a one-year warranty? If he does offer a one-year warranty? iii. Will Lew’s match Harry’s one-year warranty? iv. Is it a good idea for Harry to offer a one-year warranty?
b. What if Harry offers a two-year warranty? Will this offer generate a credible signal of quality? What about a three-year warranty?
c. If you were advising Harry, how long a warranty would you urge him to offer? Explain why.
In: Economics
COBIT is one of the IT standards we studied this semester. a) What does COBIT stand for?[1 mark] b) List and explain the seven enablers for COBIT. What is the purpose of each one? [1 x 7 =7 ] Lecture 2 c) In this semester, we studied managing IT in organizations. List and describe three types of IT resources. [1x3 =3]
In: Computer Science
The following balance sheet, which has some weaknesses in terminology and classification, has been prepared by an inexperienced accountant and submitted to you for review:
| Mikeska Company | ||||||
| Balance Sheet as of December 31, 2017 ($ in thousands) |
||||||
| Assets | ||||||
| Fixed assets—tangible | ||||||
| Land | $ | 500 | ||||
| Buildings and equipment | 200 | |||||
| Less: Reserve for depreciation | (50 | ) | $ | 650 | ||
| Factory supplies | 20 | |||||
| Current assets | ||||||
| Inventory | 163 | |||||
| Accounts receivable | 102 | |||||
| Cash | 68 | 333 | ||||
| Fixed assets—intangibles | ||||||
| Patents | 51 | |||||
| Goodwill | 49 | 100 | ||||
| Deferred charges | ||||||
| Discount on bonds payable | 12 | |||||
| Returnable containers | 32 | 44 | ||||
| Total assets | $ | 1,147 | ||||
| Liabilities | ||||||
| Current liabilities | ||||||
| Accounts payable | 140 | |||||
| Allowance for doubtful accounts | 7 | |||||
| Wages payable | 195 | $ | 342 | |||
| Long-term liabilities | ||||||
| Bonds payable | 400 | |||||
| Reserve for contingencies | 50 | 450 | ||||
| Equity | ||||||
| Capital stock, $10 par, 5,000 shares issued and outstanding | 50 | |||||
| Capital surplus | 75 | |||||
| Earned surplus | 270 | |||||
| Dividends paid | (40 | ) | 355 | |||
| Total liabilities | $ | 1,147 | ||||
Required:
Prepare a classified balance sheet in proper form. Make any
necessary corrections.
In: Accounting
To prepare for the Week 6 Assessment, choose a well-known corporation, such as Samsung, Starbucks, Ford Motor Company, or Waste Management, that implemented a major change. Analyze the corporation’s change process based on Kotter’s 8-Step to Change using the Organizational Change Chart.
Kotter's 8-Step Change Model
Was this a positive organizational change? Why or why not? If so, what strategies and tactics were effective or ineffective in creating positive organizational change? What strategies and tactics would have worked better?
In: Operations Management
3. A “chord” (two or more notes played simultaneously, rather than one at a time) consists of an unordered selection (without repetition) from among the seven notes {A, B, C, D, E, F, G}.
a. How many different four note “chords” are possible?
b. How many different four note “chords” are there such that “A” is one of the four notes?
c. How many four note “chords” are there such that “A” is NOT one of the four notes?
In: Statistics and Probability
9. TI Calculator Graded Problem Set
You are conducting a study testing whether a child’s age is a good predictor of his or her height. You have collected the following data from a random sample of seven children:
Age (months) Height (cm)
34 77
5 0 95
63 109
59 99
53 101
44 106
40 94
Perform a regression of height (dependent variable) on age (independent variable).
What is the Y-intercept of the regression line?
43.73
52.81
60.46
24.73
59.70
What is the slope (beta) of the regression line?
1.16
1.27
0.75
1.61
1.52
The regression model predicts that a 4-year-old child (48 months) would be approximately tall.
In: Statistics and Probability
write a java programming using 2D arrey.
The Lo Shu Magic Square is a grid with 3 rows and 3 columns. The Lo
Shu Magic Square has the following properties:
The grid contains the numbers 1 through 9 (each number only once)
The sum of each row, each column and each diagonal are the same
In a program you can simulate a magic square using a two-dimensional array. Write a method that accepts a two-dimensional array as an argument, and determines whether the array is a Lo Shu Magic Square. Test the function in a program.
Detailed Description:
In main create two arrays:
// Create a magic two-dimensional array.
int[][] magicArray = { {4, 9, 2},
{3, 5, 7},
{8, 1, 6} };
// Create a normal two-dimensional array.
int[][] normalArray = { {1, 2, 3},
{4, 5, 6},
{7, 8, 8} };
For the normalArray call showArray and then showResult. Then do the same for magicArray
showArray accepts a two-dimensional array and prints it row by row
showResult call isMagicSquare with the two-dimensional array reference as the parameter. It prints a message based on the return value which is Boolean.
The isMagicSquare method accepts a two-dimensional int array as an argument, and returns true if the array meets all the requirements of a magic square. Otherwise it returns false. You can create separate methods to checkRange (all must be from 1-9), checkUnique (see if all values are unique), checkRowSum, checkColSum, checkDiagSum. If each of these 3 return true then it is a Magic Square.
Output should be
1 2 3
4 5 6
7 8 8
This is not a Lo Shu magic square.
4 9 2
3 5 7
8 1 6
This is a Lo Shu magic square.
In: Computer Science