Answer each of the questions in the following unrelated situations.

(a) The current ratio of a company is 6:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $489,000, what is the amount of current liabilities?

(b) A company had an average inventory last year of $218,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, e.g. 125.)

(c) A company has current assets of $86,000 (of which $39,000 is inventory and prepaid items) and current liabilities of $39,000. What is the current ratio? What is the acid-test ratio? If the company borrows $17,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)

(d) A company has current assets of $612,000 and current liabilities of $253,000. The board of directors declares a cash dividend of $193,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)

Cemtrex Inc, a tech company involved in virtual reality, conducted a Seasoned Equity Offering (SEO) through rights offer on November 2018. The rights offer consisted in that for every 3 shares of Cemtrex an investor already owned, he or she could buy 1 more share at a discounted price of $1.06, the price of Cemtrex’s shares on the day of the SEO was $1.30. The SEO creates dilution — since it increases the number of shares, the value of each share decreases — but by doing it through a rights offer this dilution is potentially canceled. (a) Before the SEO, there were 8.5 million total shares of Cemtrex. Find the market capitalization (price × shares) of Cemtrex prior to the SEO. (b) Find the market capitalization of Cemtrex after the SEO, assume everyone participated to the full extend in the rights offer.1 (c) Find the new stock price for Cemtrex after the SEO (remember that market cap. = price × shares). 1Note: The market capitalization after the SEO is the old market cap. plus the funds raised through the SEO. Page 1 of 5 (d) Suppose that prior to the SEO you owned 300,000 shares of Cemtrex, so you are entitled to buy 100,000 shares at the discounted price. Compute the loss in value in the shares you owned prior to the SEO (these decreased in value from $1.30 to the new price), and show it exactly cancels out with the gain in value of the shares you bought in the rights offer for $1.06. (e) Show that your voting rights were not changes by the SEO; that is, you own the same percentage of shares outstanding before and after the SEO.

Brief Exercise 24-8 Answer each of the questions in the following unrelated situations.

(a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $529,000, what is the amount of current liabilities? Current Liabilities $

(b) A company had an average inventory last year of $185,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? (Round answer to 0 decimal places, e.g. 125.) Average Inventory $

(c) A company has current assets of $98,000 (of which $43,000 is inventory and prepaid items) and current liabilities of $43,000. What is the current ratio? What is the acid-test ratio? If the company borrows $15,000 cash from a bank on a 120-day loan, what will its current ratio be? What will the acid-test ratio be? (Round answers to 2 decimal places, e.g. 2.50.)

Current Ratio :1

Acid Test Ratio :1

New Current Ratio :1

New Acid Test Ratio :1

(d) A company has current assets of $541,000 and current liabilities of $233,000. The board of directors declares a cash dividend of $194,000. What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend? (Round answers to 2 decimal places, e.g. 2.50.)

Current ratio after the declaration but before payment :1

Current ratio after the payment of the dividend :1

Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $5 per share. It is going to employ a one-for-six reverse stock split to increase the stock value. Assume Dean Smith owns 144 shares.

a. How many shares will he own after the reverse stock split? (Do not round intermediate calculations and round your answer to the nearest whole number.)
  

b. What is the anticipated price of the stock after the reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places.)

c. Because investors often have a negative reaction to a revere stock split, assume the stock only goes up to 70 percent of the value computed in part b. What will the stock’s price be? (Do not round intermediate calculations and round your answer to 2 decimal places.)

d. How has the total value of Dean Smith’s holdings changed from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)? To get the total value before and after the split, multiply the shares held times the stock price. (Input the amount as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places.)
  

Shown below is the stockholders' equity section of Flamingo Corporation's balance sheet at December 31, 2020:

Consider the following events in preparing a Statement of Stockholder’s Equity and earnings per share for the year 2021.

The company’s net income for 2021 is $1,235,000 -- BEFORE any of the above transactions.

Complete the following in EXCEL prepared in GOOD FORM and using formulas. Organize your analysis appropriately to:

• Prepare the company's Statement of Stockholder's Equity in good form

• Compute Earnings per Share

The issue of homelessness is relevant to both Microeconomics, Econ 10 B, and Macroeconomics, Econ 10 A. In Micro we discuss at great length the market for rental housing: supply, demand, price and quantity. Many families in America BECOME homeless as a direct result of “free market” forces: their rent rises beyond their ability to pay. In Macro, we discuss the national picture: the millions of jobs involved on a national scale in the construction and sale of residential units: homes, condos, apartments, and ADUs (accessory dwelling units). The San Jose Mercury News reported on June 17 that the city of San Jose is dismantling a temporary homeless site after spending more than $1.3 million repairing dozens of dilapidated state-owned trailers. The article states that “nearly 6,200 people in San Jose don’t have a place to call home and county health officials believe that at least 2,500 of them are at high risk of infection.” Some experts believe the total is much higher than that. San Jose has announced plans to build hundreds of ‘dorm-style’ modular and prefab housing units to serve its homeless population on three locations in the city: A site at Monterey and Bernal roads, a second at Evans Lane, and a third at Rue Ferrari and Highway 101. In EACH AND EVERY CASE, opposition from neighbors has been INTENSE. ‘NOT IN MY BACKYARD!” The city of San Francisco had been spending over $300 million PER YEAR (before March, 2020) to house homeless people and provide other services. Yet, the number of homeless keeps rising. Given the incredible drop in tax revenue---hotel taxes, sales taxes on restaurant meals-----since March, 2020, it is almost impossible to imagine that level of funding staying level. San Francisco has suffered a greater drop in tax revenue than San Jose or Oakland. Obviously, it is not a contest. So, here goes: Question 1. In early March, 2020, our state government announced tentative plans to move homeless people in to college dorm rooms. A. In your opinion, is this idea a good idea? Or a bad idea? Why? B. Would you make this program voluntary for homeless people? Or mandatory? Why? C. How vigorously would you enforce this program? Why? D. What penalties, if any, would you impose on homeless people for non-compliance? Why? E. In theory, what could ‘go wrong’ with the enforcement of this program? What other support services do homeless people require, in addition to housing? F. Moving homeless people into hotel rooms, (combined with support services), which our state has done on an unprecedented level, may be a better idea than moving them into college dorms. Why? G. In your opinion, what more should we be doing as a society to address this issue? Why?

i'm working on this assignment where we must simulate a bank account. I am having a few issues. The first issue is that for menu option 1 i am struggling to make the program so that I can add the name and balance of the account all at once. For example I would type "mike 350" and it would update the dictionary with a new account and balance, right now i have to open the account then deposit a balance separately using two different menu functions. The second issue i am having is that every account name in the dictionary has the same balance, I need to have each person have a separate balance. The third and last issue I am having is with menu option #6, i am not sure how to list the account names and balances with a number of each account to the left, the professor wants the output to look like this for option 6

No Customer Name   Balance

== =============   =======

1 joe 10

2 jim 20

3 eric 30

I have made it this far.

def main():
  
print("1. Open an account")
print("2. Close an Account")
print("3. Deposit money")
print("4. Withdrawal money")
print("5. Enquire about balance")
print("6. Print a list of customers and balances")
print("7. Quit")

accounts = {}
balance = 0
main()

while True:
menu_choice = int(input("Type in a menu choice: "))

#menu choice 1
if menu_choice == 1:
number = input("Enter name of the new customer and \nthe amount of money to be deposited \n into the new account (Ex. 'Mike 350'):")
if number in accounts:
print('This customer already exists!')
  
else:
accounts[number]=balance
print ("Account name", number, "opened.")

#menu choice 2
elif menu_choice == 2:
number = input("Account name:")
  
if number not in accounts:
print('Enter the customer/account name to be deleted: ')
if number in accounts:
if balance>0:
print('Can not close an account with balance greater than zero')
else:
del accounts[number]
print ("Account number", number, "is closed.")

#menu choice 3
elif menu_choice == 3:
print ("Enter the customer name for deposit: ")
number = input("Account name: ")
if number in accounts:
deposit = float(input("Enter the amount to be deposited: "))
  
balance += deposit
print ("your balance is:", balance-deposit, "before deposit")
print ("Your balance is:", balance, "after deposit")
else:
print ("This customer doesn't exist!")

#menu choice 4   
elif menu_choice == 4:
number = input("Enter the customer name for withdrawl: ")
if number not in accounts:
print('This customer doesnt exist!')
  
if number in accounts:
withdraw = float(input("Enter the amount to be withdrawn: "))
if withdraw <=balance:
balance -=withdraw
print ('your balance is:', balance+withdraw, 'before withdrawal')
print ("Your balance is:", balance, 'after withdrawal')
if withdraw >balance:
print ('your balance is:', balance, 'before withdrawal')
print ('You dont have enough balance to cover the withdrawal')

#menu choice 5
elif menu_choice == 5:
number = input('Enter the customer name for balance enquiry: ')
if number not in accounts:
print('This customer doesnt exist!')

if number in accounts:
print('your balance is:', balance)
  
#menu choice 6
elif menu_choice == 6:
print ("Accounts")
for x in accounts.keys():
print ('No Customer Name Balance')
print ('============================')
print (x , balance\n)

#menu choice 7
elif menu_choice == 7:
print ("Quit.")
break
else:
print ("Please enter a menu choice between 1 and 6.")

main()

1. In class we learnt about the broad classifications of financial markets. How will you explain any three of these classifications to your friends in history department?
2. Why are financial markets so keenly regulated? Explain the rational for the regulation of financial markets in Ghana, providing cogent examples of such regulations within the Ghanaian financial market.
3. Describe the requirements for listing on the Ghana Alternative Exchange (GAX) relative to the first official listing requirements.
4. Expatiate on the role of participants in the primary and secondary mortgage market. Provide examples within the Ghanaian context.
5. Explain the difference between debt to income (DTI) ratio and loan to value ratio (LTV). In addition, mention in which scenario the mortgage is likely to be insured,
(a) High or low DTI ( b). High or low LTV.
6. Expound on the arguments in favour and against financial innovation. Provide examples of financial innovation within any country of choice.
7. A. Nii Laryea purchased a T-bill with a GHC10,000 par value for GHC9,465. One hundred days later, Nii sells the t-bill for GHC9,650. Assuming 365 days in a year, what is Nii Laryea’s expected annualized yield from the transaction?
B. Assume investors require a 5% annualized return on a six-month t-bill with a par value of GHC10,000. The price investors would be willing to pay in cedis will be?
8. According to the Loanable funds theory, how are interest rates determined?
9. Compare and contrast three different money market securities in terms of issuer, return, risk and tradability/liquidity.
10. Explain the role of non-depository financial institutions within the financial sector? Discuss the core functions of any three of these institutions.
11. In class we learnt about defined-benefit pension plans and a defined-contribution pension plans. How will you explain these to your sibling who just got a job after his University education? Which of them will you recommend to him and why?
12. Compare and contrast index fund and active fund. Provide relevant examples of these and explain what their objective is.
13. Endicott Enterprises Inc. has twenty years remaining on Ghc 1,000 par value semiannual coupon bonds paying a coupon of Ghc40. If the yield to maturity on these bonds is 6% per year, what is the current price?

The LG Electronics is classified as one of the most sustainable companies in the world. Two leading research organizations in the world stated so: The Canadian Corporate Knights Magazine, mentioned in its 2015 annual list of the 100 most sustainable companies in the world; and the Swiss Agency RobecoSAM, in its annual sustainability report of 2015. The Canadian Corporate Knights Magazine lists the sustainability companies according to a set of sustainability criteria in specific industrial sectors, by focusing on the gold standard in corporate sustainability analysis and assessment. Accordingly, LG was chosen and awarded as the best company within home stuff and products category. So LG based on this list was able to reach a good rating of 51 for the year 2015, after being ranked 82 in the year 2014. The Canadian Corporate Knights Magazine selected the companies according to 12 quantitative indicators of performance and sustainability, including energy and water consumption in the companies’ operations, innovation, operational excellence, product leadership, employee, tax strategies, etc. With regards to the Swiss Agency RobecoSAM sustainability report of 2015, LG has been honored for its golden awards of the personal and electronic entertainment class. The Swiss Agency RobecoSAM working in collaboration with S&P index (Dow Jones) classified LG as one of the few companies that are leaders in sustainability and introduce changes in the field of sustainability in 2015. In addition, the Swiss Agency RobecoSAM uses the evaluation criteria for best sustainable companies that include financial aspects, innovation, supply-chain management, reduction of pollution, energy-efficient products, recycling, as well as interaction and engagement with stakeholders. The Executive Vice President of LG Electronics commented on this issue by saying: “We in LG believe that companies with the ability to think about the future and be proactive, adapt positively. We also believe that LG has the absolute need to provide a positive impression in preserving the environment as much as possible in continuation of our work to develop our products for our consumers and communities. We are proud of our praise and appreciation. " Questions: 1. Describe the main areas of sustainability for LG for both environmental, social and economic sustainability. 2. Give examples of the three sustainability areas for LG. 3. Explain how LG supports sustainability in these three areas. 4. Describe the main considerations related to the sustainability areas LG relied upon.

Young the Giant Corp. was formed in 2018, with 10,000 shares of $100 par value, 5% cumulative, preferred stock and 500,000 shares of $1 par value common stock authorized. The company engaged in the following transactions.

2018:

• On January 2, 2018, the company issued 50,000 shares of common stock at a price of $30 per share.

• January 3, 2018, the company issued 5,000 shares of preferred stock for par value.

• The net loss for 2018 was $800,000. The company closed it out to retained earnings from income summary on December 31. (Prepare that entry.) No dividends were declared.

2019:

• The company repurchased 2,000 shares of common stock on November 25, 2019 at a cost of $35 per share. It is recorded using the cost method.

• The company generated net income during 2019 of $2,000,000. The company closed it out to retained earnings from income summary on December 31. (Prepare that entry.)

• On December 31, 2019, the company announced a total dividend of $150,000. The company records all dividends in one Dividends and one Dividends Payable account, but shows separate preferred and common dividends amounts in journal entry explanations. Required: Show all calculations.

a) Prepare journal entries in proper form for the 2018 and 2019 transactions above. Any calculations must be shown below the entries as part of the explanations.

b) Prepare the stockholders’ equity section of the balance sheet after the two years have passed, so as of December 31, 2019. This excerpt from the balance sheet must:

• Have a proper heading;

• Show all amounts in currency format with zero decimal places;

• Use proper single- and double-underlining;

• Show all categories of shares as part of each category of stock;

• Show par values and the preferred dividend rate, and

• Follow all general formalities.