PROBLEM 1:RANIS Enterprise Solutions is the provider of hosted customer relationship management (CRM) solutions for Small to Medium Enterprises (SMEs). The headquarters are in Toronto, ON, and they have clients across the globe. Currently, they are charging a $400 monthly fee for their CRM services that they offer to 400 of their clients. They have recently been contacted by their software vendor and been told that with a $160,000 upgrade on their hardware and CRM software platform, they can substantially improve their direct marketing offerings. The new system will cost them nothing beyond the initial cost, but they will have to increase the number of their maintenance and support staff from 10 to 13 to be able to comply with their service level agreements. The maintenance staff is paid $750 weekly. Using the what-if analysis feature of MS Excel, answer the following questions:

A. If the management thinks the upgrade will cause the demand (# of clients) to grow uniformly (same percentage every month) until it doubles at the end of the third year (144 weeks), what will be the average weekly demand growth (percentage) for their service? Note: assume 1 month is 4 weeks.

B. Assuming this demand growth (from question 1) is achievable, should they invest in this upgrade if they want to break even (reach the status quo profit levels) within 1 year? Why? Hint: Consider the average client size for the 144 weeks while dealing with the proposed change.

C. What level of weekly demand increase (percentage) would justify the investment if RANIS wants to break even (reach the status quo profit levels) after 2 years?

D. If the demand will stay the way it is, however, there is an opportunity for RANIS to charge more for this new service, to maintain current profitability, what should the new monthly fee for this service be?

1.Rollins Corporation is estimating its WACC. Its target capital structure is 20 percent debt, 20 percent preferred stock, and 60 percent common equity. Rollins' beta is 1.6 , the risk-free rate is 3 percent, and the market risk premium is 5 percent. Rollins is a constant-growth firm which just paid a dividend of $2.00, sells for $ 29 per share, and has a growth rate of 4 percent. The firm's policy is to use a risk premium of 3 percentage points when using the bond-yield-plus-risk-premium method to find r_s. The firm's marginal tax rate is 33 percent.
What is Rollins cost of equity when using the CAPM approach? Express your answer in percentage (without the % sign) and round it to two decimal places.

2.A company's balance sheets show a total of $ 25 million long-term debt with a coupon rate of 12 percent. The yield to maturity on this debt is 8.72 percent, and the debt has a total current market value of $ 32 million. The balance sheets also show that that the company has 10 million shares of stock; the total of common stock and retained earnings is $30 million. The current stock price is $7.5 per share. The current return required by stockholders, r_s, is 12 percent. The company has a target capital structure of 40 percent debt and 60 percent equity. The tax rate is 40%. What weighted average cost of capital should you use to evaluate potential projects? Express your answer in percentage (without the % sign) and round it to two decimal places.

The Town of Brown has the following financial transactions:

1. The town council adopts an annual budget for the general fund estimating general revenues of $2.0 million, approved expenditures of $1.6 million, approved transfers pf $150,000.

2. The town levies property taxes of $1.5 million. It expects to collect all but 4% of these taxes during the year. Of the levied amount, $50,000 will be collected next year but after more than 60 days.

3. The town orders three new police cars at an approximate cost of $120,000.

4. A transfer of $60,000 is made from the general fund to the debt service fund.

5. The town makes a payment on a bond payable of $50,000 along with $15,000 of interest using the money previously set aside.

6. The Town of Brown issues a $3 million bond at face value in hopes of acquiring a building to convert into a high school.

7. The two police cars are received with an invoice price of $115,000. The voucher has been approved and will not be paid for three weeks.

8. The town purchases the building for the high school for $2.5 million in cash and immediately begins renovating it.

9. Depreciation on the new police cars is computed at $35,000 for the period.

10. The town borrows $120,000 on a 30-day-tax anticipation note.

11. The Town of Brown begins a special assessment curbing project. The government issues $900,000 in notes at face value to finance this project. The town has guaranteed the debt if the assessments collected do not cover the entire balance.

12. A contractor completes the curbing project and is paid $900,000 as agreed.

13. The town assesses citizens $900,000 for the completed curbing project.

14. The town collects the special assessments of $900,000 in full and repays the debt plus $40,000 in interest.

15. The town receives a $20,000 cash grant from a regional charity to beautify a local park. The grant must be used to cover the specific costs that the town incurs.

16. The town spends the first $5,000 to beautify the park.

Question 1. – Please prepare journal entries for the town based on the production of fund financial statements.

Question 2 – Please prepare journal entries in anticipation of preparing government-wide financial statements.

Kevin Hall is interested in buying the stock of First National Bank. While the bank's management expects no growth in the near future, Kevin is attracted by the dividend income. Last year the bank paid a dividend of $6.12. If Kevin requires a return of 18.0 percent on such stocks, what is the maximum price he should be willing to pay for a share of the bank’s stock?

What is the name of the structure that blocks water from entering the root stele/vascular cylinder? And what is the purpose of the change to the route?

What are the three major pathways of material transport in plants and which pathway uses plasmodesmata?

How is large-scale irrigation affecting the world aquifers?

Is sucrose concentration within the phloem higher near the source or the sink?

A rectangular swimming pool has dimensions of 25 m x 9 m and a depth of 1.8 m and is full to the brim with water. Determine a) the absolute pressure at the bottom of the pool, b) the total force on the bottom of the pool, and c) the absolute pressure at point P, a point on the side of the pool just near the bottom. (Worth 2 pts)

1. Historically the gap in information has been one of the biggest advantages that players in the market have been able to take advantage of. With the Information channels that are available now, near real time information is available. Why is there still room in the market for players to be successful in the International financial markets?

2. How does arbitrage mitigate exposure?

What are the key sources of urban congestions and their effects on urban lives in the context of health and sustainability? As a part of solution suggested by many economists and policy experts suggested to significantly reduced the cars driving to cities. Why do you think that the limiting the cars to the metropolitan and cosmopolitan cities would be extremely difficult by city authorities in near future?

An antibiotic, which is also used as an anticancer drug, was isolated from Streptomycetes bacteria. Its elemental analysis gives the following composition (by weight):

%C 57.89

%H 6.87

%N 13.97

%O 21.27

The formula weight is found (in a seperate experiment) to be NEAR 1300g/mole. Determine the MOLECULAR FORMULA of the antibiotic. show ALL work.