Questions
Green Manufacturing, Inc., plans to announce that it will issue $2.02 million of perpetual debt and...

Green Manufacturing, Inc., plans to announce that it will issue $2.02 million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a coupon rate of 5 percent. Green is currently an all-equity firm worth $6.66 million with 420,000 shares of common stock outstanding. After the sale of the bonds, Green will maintain the new capital structure indefinitely. Green currently generates annual pretax earnings of $1.52 million. This level of earnings is expected to remain constant in perpetuity. Green is subject to a corporate tax rate of 35 percent. A) What is the expected return on Green’s equity before the announcement of the debt issue? B) Construct Green’s market value balance sheet before the announcement of the debt issue. What is the price per share of the firm’s equity? C) Construct Green’s market value balance sheet immediately after the announcement of the debt issue. What is Green’s stock price per share immediately after the repurchase announcement? D) How many shares will Green purchase as a result of the debt issue? How many shares of common stock will remain after the repurchase? E) Construct a market value balance sheet after the restructuring. What is the required return on Green’s equity after the restructuring?

In: Finance

Green Manufacturing, Inc., plans to announce that it will issue $5 million of perpetual debt and...

Green Manufacturing, Inc., plans to announce that it will issue $5 million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a 2 percent annual coupon rate. Green is currently an all-equity firm worth $16 Million with 800,000 shares of common stock outstanding. After the sale of bonds, Green will maintain the new capital structure indefinitely. Green currently generates annual pretax earnings of $4 million. This level of earnings is expected to remain constant in perpetuity. Green is subject to a corporate tax rate of 48 percent.

a. What is the expected return on Greens's equity before the announcement of the debt issue?

b. Construct Green's market value balance sheet before the announcement of the debt issue. What is the price per share of the firm's equity?

c. Construct Green's market value balance sheet immediately after the announcement of the debt issue.

d.What is Green's stock price per share immediately after the repurchase announcement?

e. How many shares will Green repurchase as a result of the debt issue? How many shares of common stock will remain after the repurchase?

f. Construct the market value balance sheet after the restructuring.

g. What is the required return on Green's equity after the restructuring?

In: Finance

You are asked to prepare the Balance Sheet after each of the transactions to prove the...

You are asked to prepare the Balance Sheet after each of the transactions to prove the Basic Accounting Equation.

ASSETS = LIABILITIES + CAPITAL

  1. Mr. Abdulla started business with cash OMR………………………………on 1st January 2019.
  2. Purchased furniture on credit from Greens Furniture OMR 1000
  3. Took a bank loan of OMR 12,000 from Bank Muscat
  4. Owner withdrew cash for his personal use OMR…………………………
  5. Purchased goods on credit from Oman Traders OMR 5,100
  6. Purchased Machinery on credit from Salim OMR 20,000
  7. Paid Greens Furniture OMR 150
  8. Sold goods on Credit OMR 1900 (costing OMR 1500) to Mr. Asim
  9. Received the money due for goods sold on credit.
  10. Paid to Oman Traders OMR 2000.

NOTE. 1.       The amount for transaction 1 shall be any Amount you wish above OMR 50000.

2.       The amount for transaction 2 shall be any Amount you wish between OMR 5000 and 10000

3.       Please see that the amount you select shall not be the same as that of your friends.

4.       Submit the assignment on or before 5th November 2020 through E- Learning.

5.       Late submissions are not encouraged as it may cause the reduction of marks.

6.       Maximum marks for this activity shall be 5.

In: Accounting

The following table presents the number of reports of graffiti in each of New York's five...

The following table presents the number of reports of graffiti in each of New York's five boroughs over a one-year period. These reports were classified as being open, closed, or pending. A graffiti report is selected at random. Compute the following probabilities. Round final answer to four decimal places. Borough Open Reports Closed Reports Pending Reports Total Bronx 1121 1622 80 2823 Brooklyn 1170 2706 48 3924 Manhattan 744 3380 25 4149 Queens 1353 2043 25 3421 Staten Island 83 118 0 201 Total 4471 9869 178 14,518 Source: NYC OpenData Send data to Excel Part 1 of 6 (a) The report is closed and comes from Staten Island. The probability that the report is closed and comes from Staten Island is . Part 2 of 6 (b) The report is open or comes from Bronx. The probability that the report is open or comes from Bronx is . Part 3 of 6 (c) The report comes from Manhattan. The probability that the report comes from Manhattan is . Part 4 of 6 (d) The report that does not come from Manhattan. The probability that the report does not come from Manhattan is . Part 5 of 6 (e) The report is pending. The probability that the report is pending is . Part 6 of 6 (f) The report is from the Brooklyn or Queens. The probability that the report is from the Brooklyn or Queens is .

In: Statistics and Probability

You are caring for a patient who has had a RTKA yesterday. PMHX – hypothyroid, aortic...

You are caring for a patient who has had a RTKA yesterday. PMHX – hypothyroid, aortic valve replacement in 2010 for aortic regurgitation.

Medications at home: Warfarin, Levothyroxine

Post op medications include all the usual post-op total joint pain, nausea and bowel medications. This patient is also on Enoxaparin (Lovenox) SC bid since the evening they came back from the OR. Today the patient has been started on Warfarin at 1800 today.

  1. What type of anticoagulant is Enoxaparin? Name other drugs in this family. How long will the effects last? How fast does it take effect? When a patient is on it, will you see a change in any lab data?
  2. What type of anticoagulant is Warfarin? How long will the effects last? How fast does it take effect? When a patient is on it, will you see a change in any lab data?
  3. Why would this patient be starting on Warfarin if they are already on Enoxaparin?
  4. What lab data should you check and record in the MAR before giving the Warfarin?

In: Nursing

On 1 January 2009 Cell Ltd acquired 100% of Android 18 Ltd for $850,000. For the...

On 1 January 2009 Cell Ltd acquired 100% of Android 18 Ltd for $850,000. For the year ending 31 December 213, record any and all consolidation adjustments for the following series of events, and explain the effect on the consolidated group's profit before tax (ignore tax).

--

la) Each year Android 18 Ltd pays Cell Ltd a management fee of $20,000.

1b) During the year Android 18 Ltd declared paid a dividend of $75,000.

1c) On 1 January 2010 Cell Ltd sold Android 18 Ltd a 3 year old piece of plant that had a historical cost of $400,000 and an economic life of 10 years for $350,000 (which was paid in cash).

1d) During the year Android 18 Ltd sold Cell Ltd inventory for $630,000, which Android 18 Ltd had bought for $525,000. At the end of the year Cell Ltd had sold 70% of the inventory to external customers for $700,000. Cell Ltd owes Android 18 Ltd 30,000 for the inventory.

In: Accounting

In 2020, a company has an accounts receivable of $20,000 for products that were delivered to...

In 2020, a company has an accounts receivable of $20,000 for products that were delivered to the customer in 2020. It will be collected in 2021. The company has a tax rate of 30% and taxable income of $216,000 at the end of 2020. There were no deferred taxes at the beginning of 2020. What is the amount of income tax expense for 2020?

In: Accounting

can someone please answer my question ? Tesco is a global grocery and general merchandise retailer...

can someone please answer my question ?

Tesco is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the second-largest measured by profits Tesco House, head office in Cheshunt, Hertfordshire. (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand. Tesco opened its first store in Malaysia in May 2002 with the opening of its first hypermarket in Puchong, Selangor. Tesco Malaysia currently operates 49 Tesco and Tesco Extra stores.

Assume the role of a management consultant reporting to the CEO and Board of Directors at TESCO Malaysia, prepare a report based on the following questions below. In your report, address the following points:

  1. Define the current strategic problems and opportunities faced by TESCO in Malaysia or in selected branches in Malaysia.
  1. Analyze TESCO’s marketing and innovation strategy transformation designed to position the company on the cutting edge of consumer trends.
  1. Evaluate TESCO’s strategy of developing healthy lifestyle or go green concept in Malaysia.
  1. Compare and contrast the performance of TESCO with the nearest competitor of a kind in Malaysia.
  1. Provide recommendations to management of TESCO on ways to improve strategically in Malaysia.

In: Operations Management

On January 1, 2015, a machine was purchased for $107,100. The machine has an estimated salvage...

On January 1, 2015, a machine was purchased for $107,100. The machine has an estimated salvage value of $7,140 and an estimated useful life of 5 years. The machine can operate for 119,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 23,800 hrs; 2016, 29,750 hrs; 2017, 17,850 hrs; 2018, 35,700 hrs; and 2019, 11,900 hrs.

(a)

Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)
(1) Straight-line Method $
(2) Activity Method
Year
2015 $
2016 $
2017 $
2018 $
2019 $
(3) Sum-of-the-Years'-Digits Method
Year
2015 $
2016 $
2017 $
2018 $
2019 $
(4) Double-Declining-Balance Method
Year
2015 $
2016 $
2017 $
2018 $
2019 $

In: Accounting

a) The following information relates to open-end Mutual Fund A: Value on 1/1/2019 Value on 31/12/2019...

a) The following information relates to open-end Mutual Fund A:

Value on 1/1/2019

Value on 31/12/2019

Total Assets

$200 million

$288 million

Total Liabilities

$100 million

$120 million

No. of shares outstanding

40 million

60 million

Interim dividends paid per share

$0.15

Front-end load

4%

12b-1 fees

0.8%

Expenses ratio

0.5%

Calculate the rate of return to an investor in the fund during the year, assuming all 12b-1 fees and fund expenses were paid before year-end.

b) Fund B is closed-end fund and has the same NAVs as Mutual Fund A on 1/1/2019 and 31/12/2019. At the beginning of the year, the fund was selling at a 2% discount to NAV. By the end of the year, the fund is selling at 3% premium to NAV. Brokerage commission and expenses ratio are 1.5% of sales proceeds. No interim dividends were declared.

In: Finance