8. A manager manipulates accounting numbers to improve her company’s earnings per share (EPS) in the second quarter of 2016 (2016Q2). She is most likely trying to get her company’s 2016Q2 EPS to exceed its EPS in: A. 2011Q2 B. 2013Q2 C. 2015Q4 D. 2015Q2 E. 2016Q3

9. A mutual fund has $500 million in assets at the beginning of 2017 and 13 million shares outstanding. The gross return on assets in 2017 was 17% and the total expense ratio was 1.5% of the year-end value. What is the fund’s rate of return in 2017? A. 17% B. 11.5% C. 13% D. 15.25% E. 15.5%

Joe Davis, a 62-year-old patient, is admitted to the hospital with chest injuries after a motor vehicle crash. The client has a history of type 1 diabetes. While assessing the patient, the nurse notes that the patient has several clusters of dull red bumps, smaller than a pencil eraser, spreading to an area the size of a quarter on each lower anterior leg. The skin in the lower extremities is thick; leathery; and has waxy, yellow coloration.

What skin eruptions associated with the patient’s systemic disease does the patient most likely have?

What is the underlying cause for the skin eruptions?

What potential complications are associated with the skin eruptions?

1. A $1000 loan is being repaid by payments of $100 at the end of each quarter for as long as necessary, plus a smaller final payment. If the nominal rate of interest convertible quarterly is 16%, find the amount of principal and interest in the fourth payment.

2. A loan is being repaid with level payments at the end of each year for 20 years at 9% effective annual interest. In which payment are the principal and the interest most nearly equal to each other?

3. A loan of $12,000 is to be repaid with equal payments at the end of each year for 20 years. The principal portion of the 13th payment is 1.5 times the principal portion of the 5th payment. Calculate the total amount of interest paid on the loan.

John starts his career at 21 years old and expects to retire 44 years later at the age of 65. His first annual salary is $72,000 that will increase at 1.5% per year until he finishes his part-time MBA at 28 years old. With his MBA, John expects salary to increase at 3% per year until retirement. At the end of each year, he deposits 10% of his annual salary into a retirement saving plan that pays 6% interest per year compounded monthly. On the first day of his retirement, John converts his whole retirement saving plan into a registered retirement income fund (RRIF) that earns 8% interest per year compounded quarterly. The RRIF will pay John $Y per quarter, the first payment being paid on the day he buys the RRIF, for 25 years. Find Y.  (Show your work without using MS Excel)

John starts his career at 21 years old and expects to retire 44 years later at the age of 65. His first annual salary is $72,000 that will increase at 1.5% per year until he finishes his part-time MBA at 28 years old. With his MBA, John expects salary to increase at 3% per year until retirement. At the end of each year, he deposits 10% of his annual salary into a retirement saving plan that pays 6% interest per year compounded monthly. On the first day of his retirement, John converts his whole retirement saving plan into a registered retirement income fund (RRIF) that earns 8% interest per year compounded quarterly. The RRIF will pay John $Y per quarter, the first payment being paid on the day he buys the RRIF, for 25 years. Find Y. (Show your work without using MS Excel)

Consider the following third-quarter budget data for TAP & Brothers:

The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase.

In June, credit sales were $138541, and credit purchases were $102763

July’s beginning cash is $184593

If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i.e., end of September)? (Answer surplus as a positive number or deficit as a negative number. Round answer to 0 decimal places. Do not round intermediate calculations)

Consider the following third-quarter budget data for TAP & Brothers: TAP & Brothers Third-Quarter Budget Data July August September Credit Sales 254958 266136 282816 Credit Purchases 97321 115536 137343 Wages, Taxes, and Expenses 26176 31560 33787 Interest 7124 7595 7934 Equipment Purchases 54316 61677 0 The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase. In June, credit sales were $138199, and credit purchases were $102519 July’s beginning cash is $184438 If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i.e., end of September)? (Answer surplus as a positive number or deficit as a negative number. Round answer to 0 decimal places. Do not round intermediate calculations) Topic: Cash Budget

Please post with formulas for the cells

Consider the following third-quarter budget data for TAP & Brothers:

The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase.

In June, credit sales were $138659, and credit purchases were $102418

July’s beginning cash is $184490

If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i.e., end of September)? (Answer surplus as a positive number or deficit as a negative number. Round answer to 0 decimal places. Do not round intermediate calculations)

Consider the following third-quarter budget data for TAP & Brothers:

The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase.

• In June, credit sales were $138,338, and credit purchases were $102,718
• July’s beginning cash is $184,266

If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i.e., end of September)?