1. Which of the following statements is (are) correct?
(x) Primary markets provide a forum in which demanders of funds raise funds by issuing new financial instruments, such as stocks and bonds.
(y) Primary market financial instruments include stock issues from firms allowing their equity shares to be publicly traded on stock market for the first time. We usually refer to these first-time issues as initial public offerings
(z) Money markets feature debt securities or instruments with maturities of more than one year.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

2. Which of the following statements is (are) correct?
(x) Once firms issue financial instruments in primary markets, these same stocks and bonds are then traded in secondary markets
(y) Once firms issue financial instruments such as stock in primary markets, no money accrues to a corporation when its stock sells in the secondary market.
(z) In the United States, investment banks are the financial institutions that arrange most secondary market
transactions for businesses.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (x) only

3. Which of the following statements is (are) correct?
(x) U.S. Treasury notes and bonds, U.S. government agency bonds and corporate stocks and bonds are
capital market instruments
(y) Treasury bills, commercial paper, and banker's acceptances are all money market instruments but
corporate stocks and bonds are not
(z) Federal funds, repurchase agreements, and commercial paper are included in the category of money market instruments
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (z) only

7. According to the textbook, which of the following statements is (are) correct?
(x) Money markets are subject to wider price fluctuations and are therefore more risky than capital market
instruments.
(y) Mortgages are capital market instruments that are long-term loans to individuals or businesses to
purchase homes, pieces of land, or other real property.
(z) A derivative security is a security formalizing an agreement between two parties to exchange a standard
quantity of an asset at a predetermined price on a specified date in the future.
A. (x), (y) and (z)
B. (x) and (y) only
C. (x) and (z) only
D. (y) and (z) only
E. (y) only

The trial balance columns of the worksheet for Crane Company at June 30, 2020, are as follows

Other data:

please help me do an accurate worksheet.

I partiallyy did mine. but isn't adding up but it won't allow me to add because it says its too long.

The company Corp manufactures plastic balls, bags, and jacket for kids

The production of these three products requires plastic. The production process uses two types of skilled labor: sewing and finishing. The table below shows the consumption of manufacturing resources per unit produced.

On a weekly basis, there is 252 ft² of plastic available along with 240 hours for sewing, and 270 hours for finishing the products.

The unit prices are:

Balls - 26

Bags -  40

Jackets 58

Formulate this problem as a linear program in order to maximize the total revenue.

How many units of each product should the company manufacture on a weekly basis to maximize its revenue?

What's the total revenue?

We all want to be able to Wow our customers. Give three examples of how you can impress customers without costing the company any money

The following are three independent, unrelated sets of facts relating to accounting changes.

For each of the situations described, provide the information indicated below.

Type of accounting change.

Manner of reporting the change under current generally accepted accounting principles, including a discussion where applicable of how amounts are computed.

Effect of the change on the balance sheet and income statement.

ABC company which is based in the US,sells product X and has reported a revenue of $1,925,000 and a gross income ( profit before tax) of $50,000. answer the questions below .

1. what is the cost of the revenue ?

2. what is the gross profit margin?

3. suppose the company is in the 20% tax bracket,what is the net income?

4.what is the net profit margin

5. compare the gross and net profit margins,what do they tell you? a brief answer

6.if the company sells product x for $150 per unit,in which the variable costs per unit is $90,what is the contribution margin and what is the contribution margin ratio?

7. suppose that the fixed costs in producing product x is $720,000, calculate the breakeven point( in dollars and in units)

8.plot a break-even graph highlighting the break-even point,revenue,total costs,overall variable costs and fixed costs?

note : number 1 - 4 have been answered

1) If there is a completeness problem with cash receipts, are accounts receivable overstated or understated? Explain

2) How might the risk of material misstatement in the revenue process differ for a manufacturer of oil and gas field machinery equipment and a retail?

grocer?

3) Identify one or two financial ratios that you believe would be useful in identifying revenue recognition problems. Explain your reasoning.?

4)Explain a sound control over revenue recognition in the process of making credit sales for a manufacturing company.?

5) Identify a risk of fraudulent financial reporting in the revenue process. Describe a sound internal control that would detect and correct the misstatement on a timely basis.?

6) Explain an effective substantive test related to the cutoff of sales at year-end.?

What is the management fee (1) on a per available room basis and (2) as a percentage of total revenue for a 255-room hotel located in California that had an occupancy level of 62%, ADR of $84.53, a room revenue to total revenue % of 56.4%, and a gross operating profit % of 24.8%? The management fee agreement stipulated that the company would receive 3% of gross revenue, and 10% of gross operating profit.

1. lease use the information from Question 10 to calculate the Total mgmt fee.

               Total mgmt fee (round to whole number) $ ___

2. Please use the information from Question 10 to calculate the Mgmt fee on PAR basis.

            Mgmt fee on PAR basis (round to two decimal places) $ ___ PAR/yea

What is the difference between a debt/income ratio and a debt serving ratio? What impact on both measures did the monetary policy from the late 1990s to 2004 have?