LIU plc are considering raising equity finance to fund expansion into a new market. (a) The board of directors of LIU Plc decided to use the offer for sale by tender method to issue their shares to the public when they entered the stock exchange in 2010. Describe how the offer for sale by tender process works and indicate the possible advantages and disadvantages of using this approach.
In: Finance
1) Briefly explain the intelligence-gathering exercises carried out by Zara in its stores and the role of technology in such efforts.
2) In 2010, Reed Hastings was named Fortune Magazine’s “Business Person of the Year.” Yet according to readings and class discussions, what was the Netflix CEO’s “biggest strategic regret” to that point? What was his reason for giving this answer?
In: Operations Management
What are the key differences in accounting measurement, classification, and financial statement layout for US Steel and Tata Steel?
US Steel: https://www.ussteel.com/sites/default/files/annual_reports/USS%20Form%2010-K%20-%202016.pdf
Tata Steel: http://www.tatasteel.com/media/3669/integrated-report-and-annual-accounts-2016-17.pdf
In: Accounting
In chapter 4 of the Johnson (2010) text regarding Christian Psychology View, the authors Roberts and Watson, discuss the implications of psychology from the passage of the Sermon on the Mount. Explain their viewpoint and how they feel this touches on psychology, overall well-being, and how this segues into their belief that “Christian psychology is a different psychology” (p. 158). Lastly, what is your view on this?
In: Psychology
You have the following historical annual total returns on Terlingua Oil & Gas Exploration:
| Year | Annual total return (%) |
| 2001 | 9% |
| 2002 | 10% |
| 2003 | 14% |
| 2004 | 12% |
| 2005 | -1% |
| 2006 | 4% |
| 2007 | -1% |
| 2008 | 8% |
| 2009 | -1% |
| 2010 | 6% |
Calculate the sample standard deviation of annual return.
In: Finance
The Sterling Tire Company's income statement for 20X1 is as follows:
STERLING TIRE COMPANY Income Statement For the Year Ended December 31, 20X1 | |
Sales (23,000 tires at $66 each) | $1,518,000 |
Variable costs (23,000 tires at $33) | 759,000 |
Fixed costs | 430,000 |
Earnings before interest and taxes (EBIT) | $ 329,000 |
Interest expense | 51,500 |
Earnings before taxes (EBT) | $277,500 |
| Income tax expense (30%) | 83,250 |
| Earnings after taxes (EAT) | $ 194,250 |
a. Compute the degree of operating leverage.
b. Compute the degree of financial leverage.
c. Compute the degree of combined leverage.
d. Compute the break-even point in units.
In: Finance
A local car wash uses 15 containers of soap during each of the 50 weeks they operate per year. Each container costs $25, setup (ordering) costs are $18 and holding costs for each unit is $2.5 per year. Assume the car wash currently purchases 160 containers per order. What is the total cost before and after using the optimal EOQ quantity (assuming there is no safety stock)? Answer question as (total cost before optimal quantity, total cost with optimal quantity).
Note: Choose the answer that is closest to your results.
|
($19,010, $18,034) |
|
|
None of the above |
|
|
($19,010, $18,750) |
|
|
($19,034, $19,010) |
|
|
($19,034, $18,750) |
In: Statistics and Probability
A company purchases a general purpose truck to make its deliveries. It wishes to analyze the financial effects including taxes and depreciation. Its initial cost is 100,000. It generates 120,000 Before Tax Cash flow per year. It is to be Depreciated Using Double Declining Balance. The taxation rate is 40% including all state federal and local taxes. The effects will be analyzed for the first six years. Show in a spread sheet (or other reasonable display) for each year: The Before Tax Cash Flow , the yearly depreciation, the resulting taxable income, the taxes paid and the after tax cash flow. Indicate the equations used and give some brief narrative indicating intermediate steps.
In: Economics
Antoine is single and has AGI of $277,000 for 2018. He incurred the following expenses and losses during the year:
| Medical expenses before the 7.5%-of-AGI limitation | $37,300 |
| State and local income taxes | 2,700 |
| State sales tax | 2,900 |
| Real estate taxes | 13,400 |
| Home mortgage interest | 12,800 |
| Credit card interest | 815 |
| Charitable contribution | 11,700 |
|
Casualty loss before 10% limitation (after $100 floor; not in a Federally declared disaster area) Unreimbursed employee expenses subject to the 2%-of-AGI limitation |
20,600 14,400 |
|
If required, round any computations to the nearest dollar. Calculate Antoine's allowable itemized deductions for the year. |
In: Accounting
In: Physics