Questions
Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has...

Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 12 years to maturity and a 6.50% annual coupon that is paid semiannually. The bond currently sells for $1,050, and the company’s tax rate is 22%. What is the component cost of debt for use in the WACC calculation? Use Nominal rates. Do not round your intermediate calculations. State in percentage terms without the percent sign symbol and round to the second decimal place. (Thus, 12.98756% would be written as 12.99 to be correct)

In: Finance

Consider an inventory system that fits the model for a serial two-echelon system, where K1 =...

Consider an inventory system that fits the model for a serial two-echelon system, where K1 = $5,000, K2 = $200, h1 = $10, h2 = $11, and d = 100. Fill the values in the given table that shows the results from performing both separate optimization of the installations and simultaneous optimization of the installations

hen calculate the percentage change in the total variable cost per unit time if the results from performing separate optimization were to be used instead of the results from the valid approach of performing simultaneous optimization

In: Statistics and Probability

Suppose gas costs $3 a gallon and the average car gets 28 miles per gallon. If...

Suppose gas costs $3 a gallon and the average car gets 28 miles per gallon. If Congress mandates that cars have to get 36 miles per gallon, by what percentage will this lower the costs of driving? If the elasticity of total miles driven (per year) with respect to the cost of driving is –1, by how much will total miles driven per year increase, assuming it is 10,000 miles at the beginning? How much will total annual gas consumption of the average car change as a result of the mandated program?

In: Economics

Suppose gas costs $3 a gallon and the average car gets 28 miles per gallon. If...

Suppose gas costs $3 a gallon and the average car gets 28 miles per gallon. If Congress mandates that cars have to get 36 miles per gallon, by what percentage will this lower the costs of driving? If the elasticity of total miles driven (per year) with respect to the cost of driving is –1, by how much will total miles driven per year increase, assuming it is 10,000 miles at the beginning? How much will total annual gas consumption of the average car change as a result of the mandated program?

In: Economics

A company operates a process costing system. The work-in-process account for last month is given below:...

A company operates a process costing system. The work-in-process account for last month is given below:

Work in Process Account

Opening work in process

0

Closing work in process

144,000

Manufacturing costs incurred during the month

624,000

Cost of goods manufactured

480,000

The company finished producing 12,000 units and 4,000 incomplete units were still in process at the end of the month. The closing work in progress was complete to the same degree for materials and conversion costs. What was the percentage degree of completion of the closing work-in-progress?

In: Accounting

Health policies must undergo policy processes of analysis prior to implementation. Pre-process, intra-process, and post-process all...

Health policies must undergo policy processes of analysis prior to implementation. Pre-process, intra-process, and post-process all have major impacts on healthcare organizations and consumers. Based on the policy many people may face economical or social change, which could either be just/unjust. In a minimum of 250 words, discuss the following: Evaluate the ACA’s impact on healthcare quality and cost. How does the ACA impact society as a whole? Highlight the relevance of the Federal Medicaid Assistance Percentage (FMAP), as it relates to the ACA.

In: Nursing

Company X is in its first year of operations and has decided to use the percentage...

Company X is in its first year of operations and has decided to use the percentage of sales method for estimating uncollectible accounts. Sales for the year totaled $112,000. Company X has assessed uncollectible accounts at 10% of sales. The company recorded $11,200 of bad debt expense. Write-offs for the period were $3,000. What is the effect of this transaction?

Select one:

a. Net income is overstated by 3,000

b. Cost of Goods sold is understated by 3,000

c. Bad debt expense is overstated by 3,000

d. None of the these

In: Accounting

Haunted Forest, Inc.is selling fog machines. Use the following information about Haunted Forest, Inc. to answer...

Haunted Forest, Inc.is selling fog machines. Use the following information about Haunted Forest, Inc. to answer the following questions. Average selling price per unit $328. Variable cost per unit $206 Units sold 358 Fixed costs $15,489 Interest expense $3,481 Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to change 9.6 percent? (You should calculate the degree of total (combined) leverage first).

In: Finance

Overton Company has gathered the following information: Production: Units in beginning work in process 20,000 Units...

Overton Company has gathered the following information:
Production:
Units in beginning work in process 20,000
Units started into production 164,000
Units in ending work in process 24,000
Percentage complete in ending work in process:
Conversion costs 60%
Materials 100%
Costs:
Direct materials $ 101,200
Direct labor 164,800
Overhead 184,000

Instructions:

to. Calculate the equivalent units of production for the material and the conversion costs.
b. Determine the unit cost of production.
C. Show the allocation of costs to the units transferred and in process.

In: Accounting

The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $17.40 for...

The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $17.40 for each of the 20 million shares sold. The initial offering price was $19.50 per share, and the stock rose to $21.60 per share in the first few minutes of trading. Raven paid $600,000 in direct legal and other costs and $200,000 in indirect costs.

What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

In: Finance