Describe the main types of non-bank Financial Institutions (FI). Are there any non-bank FI’s that are allowed to accept deposits?
In: Finance
Describe the main types of non-bank Financial Institutions (FI). Are there any non-bank FI’s that are allowed to accept deposits?
In: Finance
Consider a convertible bond with the information given below; assuming the bond is non-callable and non-puttable.
Maturity = 10 years
Coupon rate = 8%
Conversion ration = 40
Par value = $1,000
Convertible bond’s current market price = 920
Current market price per share of the underlying stock = $20
Annual dividend per share = $0.50
Comparable bonds without the conversion option are trading to yield 12%
Required 1. a. Market conversion premium per share (1point)
b. Market conversion premium ratio (1point)
c. Downside risk of the convertible bond (give a numerical measure, not just a statement (1point)
d. Premium payback period (1 point)
2. Suppose, in one month from now, the price of the underlying stock goes up from $20 to $30 per share.
a. What will be the approximate difference in the realized rates of return from investing directly in the underlying stock versus investing in the convertible bond? (2 points)
b. Why did the difference calculated in part a. above occur? (1 point)
3. Suppose, in one month from now, the price of the underlying stock declines from $20 to $10 per share.
a) What will be the approximate realized rate of return from investing in the underlying stock? (1 point)
b) What will be the approximate realized rate of return from investing in the convertible bond? (3 points)
c) Why did the difference in the realized rates of return calculated in parts a. and b. above occur? (1 point)
In: Finance
NON PLAGIARISED ANSER AND NON COPIED PLEASE OR I WILL DOWNVOTE AND REPORT. Word limit 400
Have you ever posted or viewed copyrighted material online that could be subject to a DMCA takedown request? Research the case of Lenz v. Universal Music Corp. to learn the key issues it raised in connection with takedown orders. Write a few paragraphs summarizing your findings, including the current status of the case. (Medium, 6 marks)
In: Computer Science
Please analyze this company financial and briefly tell me how they are performing and areas of concern
|
Southwest Airlines Co. |
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|
Condensed Consolidated Statement of Income |
||||||||
|
(in millions, except per share amounts) |
||||||||
|
(unaudited) |
||||||||
|
Three months ended |
||||||||
|
March 31, |
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|
2017 |
||||||||
|
2018 |
As Recast |
Percent Change |
||||||
|
OPERATING REVENUES: |
||||||||
|
Passenger |
$ |
4,585 |
$ |
4,546 |
0.9 |
|||
|
Freight |
42 |
42 |
— |
|||||
|
Other |
317 |
266 |
19.2 |
|||||
|
Total operating revenues |
4,944 |
4,854 |
1.9 |
|||||
|
OPERATING EXPENSES: |
||||||||
|
Salaries, wages, and benefits |
1,821 |
1,730 |
5.3 |
|||||
|
Fuel and oil |
1,018 |
956 |
6.5 |
|||||
|
Maintenance materials and repairs |
257 |
243 |
5.8 |
|||||
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Landing fees and airport rentals |
330 |
313 |
5.4 |
|||||
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Depreciation and amortization |
277 |
318 |
(12.9) |
|||||
|
Other operating expenses |
625 |
688 |
(9.2) |
|||||
|
Total operating expenses |
4,328 |
4,248 |
1.9 |
|||||
|
OPERATING INCOME |
616 |
606 |
1.7 |
|||||
|
OTHER EXPENSES (INCOME): |
||||||||
|
Interest expense |
32 |
29 |
10.3 |
|||||
|
Capitalized interest |
(10) |
(11) |
(9.1) |
|||||
|
Interest income |
(12) |
(7) |
71.4 |
|||||
|
Other (gains) losses, net |
4 |
63 |
(93.7) |
|||||
|
Total other expenses (income) |
14 |
74 |
(81.1) |
|||||
|
INCOME BEFORE INCOME TAXES |
602 |
532 |
13.2 |
|||||
|
PROVISION FOR INCOME TAXES |
139 |
193 |
(28.0) |
|||||
|
NET INCOME |
$ |
463 |
$ |
339 |
36.6 |
|||
|
NET INCOME PER SHARE: |
||||||||
|
Basic |
$ |
0.79 |
$ |
0.55 |
43.6 |
|||
|
Diluted |
$ |
0.79 |
$ |
0.55 |
43.6 |
|||
|
WEIGHTED AVERAGE SHARES OUTSTANDING: |
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|
Basic |
587 |
613 |
(4.2) |
|||||
|
Diluted |
588 |
614 |
(4.2) |
|||||
|
Southwest Airlines Co. |
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Reconciliation of Reported Amounts to Non-GAAP Items (excluding special items) |
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|
(See Note Regarding Use of Non-GAAP Financial Measures) |
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|
(in millions, except per share amounts)(unaudited) |
||||||||
|
Three months ended |
||||||||
|
March 31, |
||||||||
|
2017 |
||||||||
|
2018 |
As Recast |
Percent Change |
||||||
|
Fuel and oil expense, unhedged |
$ |
1,014 |
$ |
816 |
||||
|
Add: Premium cost of fuel contracts |
34 |
34 |
||||||
|
Add (Deduct): Fuel hedge (gains) losses included in Fuel and oil expense, net |
(30) |
106 |
||||||
|
Fuel and oil expense, as reported |
$ |
1,018 |
$ |
956 |
||||
|
Add: Net impact from fuel contracts (a) |
7 |
37 |
||||||
|
Fuel and oil expense, excluding special items (economic) |
$ |
1,025 |
$ |
993 |
3.2 |
|||
|
Total operating expenses, as reported |
$ |
4,328 |
$ |
4,248 |
||||
|
Add: Net impact from fuel contracts (a) |
7 |
37 |
||||||
|
Deduct: Lease termination expense |
— |
(5) |
||||||
|
Add: Gain on sale of grounded aircraft |
25 |
— |
||||||
|
Total operating expenses, excluding special items |
$ |
4,360 |
$ |
4,280 |
1.9 |
|||
|
Deduct: Fuel and oil expense, excluding special items (economic) |
(1,025) |
(993) |
||||||
|
Operating expenses, excluding Fuel and oil expense and special items |
$ |
3,335 |
$ |
3,287 |
1.5 |
|||
|
Deduct: Profitsharing expense |
(102) |
(99) |
||||||
|
Operating expenses, excluding profitsharing, Fuel and oil expense, and special items |
$ |
3,233 |
$ |
3,188 |
1.4 |
|||
|
Operating income, as reported |
$ |
616 |
$ |
606 |
||||
|
Deduct: Net impact from fuel contracts (a) |
(7) |
(37) |
||||||
|
Add: Lease termination expense |
— |
5 |
||||||
|
Deduct: Gain on sale of grounded aircraft |
(25) |
— |
||||||
|
Operating income, excluding special items |
$ |
584 |
$ |
574 |
1.7 |
|||
|
Other (gains) losses, net, as reported |
$ |
4 |
$ |
63 |
||||
|
Deduct: Net impact from fuel contracts (a) |
— |
(65) |
||||||
|
Other (gains) losses, net, excluding special items |
$ |
4 |
$ |
(2) |
n.m. |
|||
|
Net income, as reported |
$ |
463 |
$ |
339 |
||||
|
Add (Deduct): Net impact from fuel contracts (a) |
(7) |
28 |
||||||
|
Add: Lease termination expense |
— |
5 |
||||||
|
Deduct: Gain on sale of grounded aircraft |
(25) |
— |
||||||
|
Add (Deduct): Net income tax impact of fuel and special items (b) |
7 |
(13) |
||||||
|
Net income, excluding special items |
$ |
438 |
$ |
359 |
22.0 |
|||
|
Net income per share, diluted, as reported |
$ |
0.79 |
$ |
0.55 |
||||
|
Add (Deduct): Impact from fuel contracts |
(0.01) |
0.04 |
||||||
|
Add (Deduct): Impact of special items |
(0.04) |
0.01 |
||||||
|
Add (Deduct): Net income tax impact of fuel and special items (b) |
0.01 |
(0.02) |
||||||
|
Net income per share, diluted, excluding special items |
$ |
0.75 |
$ |
0.58 |
29.3 |
|||
|
(a) See Reconciliation of Impact from Fuel Contracts. |
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(b) Tax amounts for each individual special item are calculated at the Company's effective rate for the applicable period and totaled in this line item.
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In: Accounting
Can you please explain and show how you would complete the following SQL Injection Attacks tasks using the SEED lab seed Ubuntu 16.04 Virtual Machine:
Task 3.1: Modify your own salary.
As shown in the Edit Profile page, employees can only update their nicknames, emails, addresses, phone numbers, and passwords; they are not authorized to change their salaries. Assume that you (Alice) are a disgruntled employee, and your boss Boby did not increase your salary this year. You want to increase your own salary by exploiting the SQL injection vulnerability in the Edit-Profile page. Please demonstrate how you can achieve that. We assume that you do know that salaries are stored in a column called salary.
• Task 3.2: Modify other people’ salary.
After increasing your own salary, you decide to punish your boss Boby. You want to reduce his salary to 1 dollar. Please demonstrate how you can achieve that.
• Task 3.3: Modify other people’ password.
After changing Boby’s salary, you are still disgruntled, so you want to change Boby’s password to something that you know, and then you can log into his account and do further damage. Please demonstrate how you can achieve that. You need to demonstrate that you can successfully log into Boby’s account using the new password. One thing worth mentioning here is that the database stores the hash value of passwords instead of the plaintext password string. You can again look at the unsafe edit backend.php code to see how password is being stored. It uses SHA1 hash function to generate the hash value of password. To make sure your injection string does not contain any syntax error, you can test your injection string on MySQL console before launching the real attack on our web application.
Please include screenshots along the way, thank you!
In: Computer Science
In determining Blue Corporation’s current E& P for 2018, how should taxable income be adjusted as a result of the following transactions?
a. A capital loss carryover from 2017, fully used in 2018
b. Nondeductible meal expenses in 2018
c. Interest on municipal bonds received in 2018.
d. Nondeductible lobbying expenses in 2018.
e. Loss on a sale between related parties in 2018.
f. Federal income tax refund received in 2018.
In: Accounting
Organizations fall into two basic types:
In each of these groups are subgroups.
Profit
Non-profit- Voluntary
Non-profit- Government
Define the difference between a profit and a non-for profit organization, and give an example of each. Described what is type of organization you'd like to work for and why?
In: Finance
Explain in detail what is meant by "non-contractual promises" (enforceable and unenforceable). Do not simply give me the textbook definition. You must explain an enforceable non-contractual promise and an unenforceable non-contractual promise in detail. What makes a non-contractual promise "enforceable"; what makes it "unenforceable?"
In: Operations Management
ABC Ltd has accounts receivable of $70 600 at 30 April, 2019. An analysis of the accounts shows these amounts as follows:
|
Month of sale |
Balance of Accounts Receivable |
|
|
April, 2019 |
$40 000 |
|
|
March, 2019 |
23 000 |
|
|
February, 2019 |
3 200 |
|
|
January, 2019 |
4 100 |
|
|
December and November, 2018 |
300 |
|
|
70 600 |
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Credit terms are 2/7, n/30. At 30 April, 2019, there is a $2000 credit balance in Allowance for Doubtful Debts before adjustment. The entity uses the ageing of accounts receivable basis for estimating uncollectable accounts. Estimates of bad debts are as follows:
|
Age of accounts |
Estimated percentage uncollectable |
||
|
Current |
2% |
||
|
1-30 days past due |
5% |
||
|
31-90 days past due |
40% |
||
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over 90 days |
50% |
||
Required:
a) Determine the total estimated uncollectable. (1 mark)
b) Prepare the adjusting entry at 30 April, 2019 to record bad debts expense. (1 mark)
c) In May, 2019, a cheque for $1500 is received from the customer whose account was written off as uncollectable in February. Prepare the journal entry.
(Both account names and figures should be correct)
In: Accounting