Springs Inc. just paid a dividend of $2.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a 13 percent return on the stock for the first three years, 11 percent return for the next five years, and then a 9 percent return thereafter. a. What is the price of the stock at the end of Year 8? b. What is the price of the stock at the end of Year 3? c. What is the price of the stock today?
In: Finance
Suppose you have two bonds. The first one is a 1 year zero coupon bond. It pays 1 at maturity and its price is 0.98 today. The second bond is a two year zero coupon bond that pays 1 at maturity and which price is 0.95 today.
a. What is the term structure of interest rate?
b. What is the duration and modified duration in these bonds?
c. What is the price movement in every bond after a 1% increase in the yield?
In: Finance
Marvis is a 29-year-old G1P0 in labor at 40 weeks of gestation. She was admitted at 0200 with a history of contractions since 2200 the night before. On admission, she denied spontaneous rupture of membranes or vaginal bleeding. She felt good fetal movement. Her vital signs and the fetal heart rate were normal. Her contractions were every 6 minutes and lasting 30 seconds. Her cervical examination was 2 cm/70%/−2 vertex. It is now 0600 and she has been reexamined. Her cervical examination is now 3 cm/90%/−2 vertex. Her contractions are now every 4 to 5 minutes lasting 60 seconds. She states they are still mild. Marvis has stated that she wants a natural unmedicated birth.
Answer with complete statements
1. Marvis expresses disappointment in her progress. What can the nurse do to help her at this point in labor?
2. it is now 1000, and Marvis states the contractions have become much stronger. She now needs to use breathing techniques to cope with the contractions. She declines pain medication. Her cervical examination is now 5/100/0. What stage of labor is Marvis in at this time?
3. What nursing care is indicated at this phase of labor?
4. Marvis is now profusely perspiring and is shaky. She feels she cannot cope any longer. She pushes away her husband as he tries to rub her back. An increased amount of bloody show is present. She also reports a gush of fluid. Even without a cervical examination, what phase of labor is Marvis most likely in?
5. A cervical examination at 1300 confirms the transition phase as Marvis is 8/100/0 station with spontaneous rupture of membranes with clear fluid. What nursing care is indicated at this time?
6. Marvis managed to cope well through the transition by going into the shower. She now reports an urge to push. A cervical examination at 1600 reveals that Marvis is still 8/100/0. The fetal heart rate is normal, and maternal vital signs are normal. She is distraught at her lack of progress and states she cannot do it anymore. What nursing care is appropriate at this time?
7. Nursing assessment reveals an abdominal mass just above the symphysis pubis. What is a likely explanation, and what should be done?
In: Nursing
| Store | Travel Time Each Way (Minutes) | Price of a Suit (Dollars per suit) |
|---|---|---|
| Local Department Store | 15 | 100 |
| Across Town | 30 | 86 |
| Neighboring City | 60 | 63 |
Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
| Store | Opportunity Cost of Time (Dollars) | Price of a Suit (Dollars per suit) | Total Cost (Dollars) |
|---|---|---|---|
| Local Department Store | 100 | ||
| Across Town | 86 | ||
| Neighboring City | 63 |
Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys from the _______.
In: Economics
The table below presents the annual market for sofas in Akron, Ohio. Suppose the state government imposes a $200 excise tax on every sofa sold to be paid by customers at the point of sale.
Market for Sofas
| Price (dollars) | Quantity of Sofas Demanded | Quantity of Sofas Supplied | Quantity of Sofas Demanded with Excise Tax |
| $1,240 | 160 | 260 | 10 |
| 1,180 | 190 | 240 | 40 |
| 1,120 | 220 | 220 | 70 |
| 1,060 | 250 | 200 | 100 |
| 1,000 | 280 | 180 | 130 |
| 940 | 310 | 160 | 160 |
| 880 | 340 | 140 | 190 |
| 820 | 370 | 120 | 220 |
| 760 | 400 | 100 | 250 |
| 700 | 430 | 80 | 280 |
Instructions: Enter your answers as a whole number.
a. Before the excise tax is imposed, what are the equilibrium price and quantity of sofas in Akron?
P = $
Q = sofas
b. Including the excise tax, what is the new equilibrium price consumers pay for sofas after the tax is imposed?
$
c. After the excise tax is imposed, what is the new equilibrium quantity of sofas?
sofas
d. What is the total amount of revenue collected by the government from the excise tax on sofas?
$
In: Economics
dKristen Company manufactures three products: X, Y, and Z. The demand for each product is 100 units. The selling price, variable expenses, and contribution margin for one unit of each product follow:
|
Product |
|||
|
X |
Y |
Z |
|
|
Selling price |
$140 |
$300 |
$390 |
|
Less variable expenses (Only Special steel) |
50 |
100 |
150 |
|
Contribution margin |
$90 |
$200 |
$240 |
|
Steel need to make 1 unit |
1 kg |
2 kg |
3 kg |
The same special steel is used for all three products. 1 kg of the
steel costs $50. Kristen can buy up to 400 kgs.
Assume that Kristen can also buy Product Y from an importer and resell it. The purchase price of Y would be $270 per unit. In this case, in what order does the company have to make the products?
| A. |
X è Z è Y |
|
| B. |
Y è Z è X |
|
| C. |
Y è X è Z |
|
| D. |
Z è X è Y |
|
| E. |
X è Y è Z |
In: Accounting
Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages.
During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends’ parties as the host deejay.
On June 1, 2016, Peyton established a corporation known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee basis for weddings, college parties, and other events. During June, Peyton entered into the following transactions:
| Jun. | 1 | Deposited $4,000 in a checking account in the name of PS Music in exchange for common stock. |
| 2 | Received $3,500 from a local radio station for serving as the guest disc jockey for June. | |
| 2 | Agreed to share office space with a local real estate agency, Pinnacle Realty. PS Music will pay one-fourth of the rent. In addition, PS Music agreed to pay a portion of the wages of the receptionist and to pay one-fourth of the utilities. Paid $800 for the rent of the office. | |
| 4 | Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2016. | |
| 6 | Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks. | |
| 8 | Paid $675 to a local electronics store for renting digital recording equipment. | |
| 12 | Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets. | |
| 13 | Paid City Office Supply Co. $100 on account. | |
| 16 | Received $300 from a dentist for providing two music sets for the dentist to play for her patients. | |
| 22 | Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July. | |
| 25 | Received $500 for serving as the disc jockey for a cancer charity ball hosted by the local hospital. | |
| 29 | Paid $240 (music expense) to Galaxy Music for the use of its library of music demos. | |
| 30 | Received $900 for serving as PS disc jockey for a local club’s monthly dance. | |
| 30 | Paid Pinnacle Realty $400 for PS Music’s share of the receptionist’s wages for June. | |
| 30 | Paid Pinnacle Realty $300 for PS Music’s share of the utilities for June. | |
| 30 | Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used during the month was $180. | |
| 30 | Paid for miscellaneous expenses, $415. | |
| 30 | Paid $1,000 royalties (music expense) to National Music Clearing for use of various artists’ music during the month. | |
| 30 |
Paid dividends, $500. |
Required: 1. Indicate the effect on each transaction
2. Prepare an income statement for PS Music for the month ended June 30, 2016.*
3. Prepare a retained earnings statement for PS Music for the month ended June 30, 2016.*
4. Prepare a balance sheet for PS Music as of June 30, 2016.*
| * For guidance in completing the financial statements, be sure to read the instructions above each statement carefully. |
In: Accounting
If Dave’s Doors uses the First-in First-out (FIFO) costing system, it is assumed that the first units “available for sale” are the first units sold. Therefore, Dave’s will sell its beginning inventory first, then units that they purchased on 9/4, and then on 9/12 until they have accounted for the 45 units sold. Use the table for Dave’s FIFO Costing to complete the requirements below.
|
Dave’s FIFO Costing |
||||||
|
Number of units |
Cost per unit |
Total Costs |
||||
|
Beginning Inventory – Sold First |
||||||
|
Purchase made 9/4 |
||||||
|
Purchase made 9/12 |
||||||
|
Purchase made 9/18 – Sold Last |
||||||
|
Total units sold |
45 units sold |
|||||
Since the 45 units sold is more than the 24 in beginning inventory, we know that all 24 of the units in inventory were sold. Include the units, cost per unit and Total Costs for beginning inventory in the table above. Use the data in your table from 6) above.
How many doors would Dave’s have sold from the units they purchased on 9/4? _______ Include the units, Cost per unit and Total costs for this row in the table above.
Complete the table determining how many units from each purchase Dave’s would have sold until the total equals the 45 units. Total the column “Total Costs” Hint: The number of units for the 9/18 purchase will be less than the total number purchased on that date.
Write the journal entry to record Dave’s expense.
Assume Dave’s sold these doors to customers for $480 each. Write the journal entry to record Dave’s revenue.
What is Dave’s Gross Margin for the period under the FIFO costing method?
The value of ending inventory can be determined 2 ways. The first method is to subtract the COGS calculated from the “Cost of Goods Available for Sale”.
Cost of Goods Available for Sale ______________ (2) from Table in 6)
minus COGS - ______________ from 8d)
equals Ending Inventory ______________
The other method is to use the number of units in ending inventory and assign costs from the most recent purchases until the number of units have been accounted for. Here, we can assume that all these units come from the purchases made on 9/18. Calculate the ending inventory balance.
# of units in inventory times cost per unit (from 9/18 purchase) = ending inventory
_____________ X _____________ = _______________
More Info here: https://www.chegg.com/homework-help/questions-and-answers/cost-per-unit-items-purchased-easily-determined-using-purchase-records-assigning-cost-per--q26337761
In: Accounting
The following data regarding purchases and sales of a commodity
were taken from the related perpetual inventory account:
| June 1 | Balance | 25 units at $60 | |
| 6 | Sale | 20 units | |
| 8 | Purchase | 20 units at $61 | |
| 16 | Sale | 10 units | |
| 20 | Purchase | 20 units at $62 | |
| 23 | Sale | 25 units | |
| 30 | Purchase | 15 units at $63 |
Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LIFO) method. Identify the quantity, unit price, and total cost of each lot in the inventory.
(a) First-In, First-Out (FIFO):
| units at | $ | $ | |
| units at | $ | ||
| Total | $ | ||
(b) Last-In, First-Out (LIFO):
| units at | $ | $ | |
| units at | $ | ||
| units at | $ | ||
| Total | $ | ||
In: Accounting
The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account: June 1 Balance 25 units at $60 6 Sale 20 units 8 Purchase 20 units at $61 16 Sale 10 units 20 Purchase 20 units at $62 23 Sale 25 units 30 Purchase 15 units at $63 Calculate the cost of the ending inventory at June 30, using (a) the first-in, first-out (FIFO) method and (b) the last-in, first-out (LIFO) method. Identify the quantity, unit price, and total cost of each lot in the inventory. (a) First-In, First-Out (FIFO): June 1 units at $ $ June 8 units at $ Total $ (b) Last-In, First-Out (LIFO): units at $ $ units at $ units at $ Total $
In: Accounting