Questions
Webster University sold bonds with a 25-year maturity, paying an annual coupon rate of 10% that...

Webster University sold bonds with a 25-year maturity, paying an annual coupon rate of 10% that come with 20 warrants attached to each bond. These bonds were issued at $1,000 par value. Currently in the market, bonds similar to the ones that Webster University sold are yielding 12%. What would be the valued amount for the warrants that Webster University’s issued? $5.96 $6.46 $6.94 $7.42 $7.84

In: Finance

1.A taxpayer may legally avoid paying federal income tax by: receiving income in kind, not in...

1.A taxpayer may legally avoid paying federal income tax by:

receiving income in kind, not in cash.
working for a non-profit organization.
collecting income only from non-labor sources (stock dividends, bank interest, etc.)
None of the above

2.Mr. Smith faces a federal marginal tax rate of 28 percent. His adjusted gross income in 1992 was $37,500. Which of the following statements is most likely to be correct, based on the information you have here?

Mr. Smith paid $10,500 federal income tax for 1991
Mr. Smith paid tax of an amount that cannot be computed from the data provided, but it must have been less than $10,500.
Mr. Smith paid an effective tax rate of 28 percent.
None of the above.

3.Under the current federal individual income tax law, which of the following would be an exclusion?

Wages paid by a non-profit organization, like the Red Cross.
Interest paid on a bond issued by a state government before 1986.
The value of an old car you received in exchange for painting a house.
All the above are exclusions.

4.The individual income tax became a permanent feature (at least so far) of the federal tax structure in:

1789, with the new Constitution.
1861, with the Civil War.
1913, just before WWI.
1940, just before U.S. participation in WWII.

5.The federal government may levy an individual income tax without the need to apportion among states because:

the U.S. Supreme Court has ruled that the individual income tax is not a direct tax.
individual income taxes are subject only to the requirement that they be uniform across states.
the sixteenth amendment allows such taxes without apportionment.
None of the above.

In: Accounting

The previous problem demonstrates that removing individual differences can substantially reduce variance and lower the standard...

The previous problem demonstrates that removing individual differences can substantially reduce variance and lower the standard error. However, this benefit only occurs if the individual differences are consistent across treatment conditions. In problem 21, for example, the participants with the highest scores in the more-sleep condition also had the highest scores in the less-sleep condition. Similarly, participants with the lowest scores in the first condition also had the lowest scores in the second condition. To construct the following data, we started with the scores in problem 21 and scrambled the scores in treatment 1 to eliminate the consistency of the individual differences.

Number of Academic Problems

Student                  Above Average Sleep          Below Average Sleep

A                                             10                                            13

B                                              8                                              14

C                                              5                                              13

D                                             5                                              5

E                                              4                                              9

F                                              10                                            6

G                                             11                                            6

H                                             3                                              6

a. Treat the data as if the scores are from an independent-measures study using two separate samples, each with n = 8 participants. Compute the pooled variance, the estimated standard error for the mean difference, and the independent-measures t statistic. Using a two-tailed test with α = .05, is there a significant difference between the two sets of scores? Note: The scores in each treatment are the same as in Problem 21. Nothing has changed.

b. Now assume that the data are from a repeated measures study using the same sample of n = 8 participants in both treatment conditions. Compute the variance for the sample of difference scores, the estimated standard error for the mean difference and the repeated-measures t statistic. Using a two-tailed test with α = .05, is there a significant difference between the two sets of scores? (You should find that removing the individual differences with a repeated-measures t no longer reduces the variance because there are no consistent individual differences.)

In: Statistics and Probability

When most of us think of Amazon, we think about what we, as consumers, can buy...

When most of us think of Amazon, we think about what we, as consumers, can buy there— currently, just about anything. But Amazon is much more than just a company that supplies consumers with books, household products, clothing, and so forth. Describe Amazon's business-to business (B2B) transactions.

In: Economics

a us based internet company offers a basic accounting course. in the first semester 315 students...

a us based internet company offers a basic accounting course. in the first semester 315 students registered. they have been sorted into 7 regions with the following enrollments in each.
45
60
30
40
50
55
35

test at a 10% significance and find the following:

-test statistic
-denominator of the formula

In: Statistics and Probability

Discuss the origin and trends in retirement plans in the US. Compare and contrast qualified and...

Discuss the origin and trends in retirement plans in the US. Compare and contrast qualified and non-qualified plans as well as defined benefit versus defined contribution, and hybrid plans.

How can employers leverage retirement plans to their advantage?

How would you leverage a retirement plan within a company you are running?

In: Finance

PLEASE NOTE: THE QUESTION HAS BEEN POSTED BEFORE. I WOULD LIKE A FRESH TAKE ON IT...

PLEASE NOTE: THE QUESTION HAS BEEN POSTED BEFORE. I WOULD LIKE A FRESH TAKE ON IT AS THE PREVIOUS ANSWER WAS NOT CLEAR ENOUGH. HERE IS THE QUESTION:

Give an example to explain why a US company might wish to enter into a fixed rate currency swap, paying Euros and receiving fixed- rate Sterling.

In: Finance

[The following information applies to the questions displayed below.] Execusmart Consultants has provided business consulting services...

[The following information applies to the questions displayed below.]

Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts receivable method. The company entered into the following partial list of transactions.

  1. During January, the company provided services for $230,000 on credit.
  2. On January 31, the company estimated bad debts using 1 percent of credit sales.
  3. On February 4, the company collected $115,000 of accounts receivable.
  4. On February 15, the company wrote off a $650 account receivable.
  5. During February, the company provided services for $180,000 on credit.
  6. On February 28, the company estimated bad debts using 1 percent of credit sales.
  7. On March 1, the company loaned $15,000 to an employee, who signed a 10% note due in 3 months.
  8. On March 15, the company collected $650 on the account written off one month earlier.
  9. On March 31, the company accrued interest earned on the note.
  10. On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis, which includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $6,600.
Number of Days Unpaid
Customer Total 0–30 31–60 61–90 Over 90
Arrow Ergonomics $ 1,900 $ 800 $ 700 $ 400
Asymmetry Architecture 2,300 $ 2,300
Others (not shown to save space) 83,500 31,900 42,000 5,300 4,300
Weight Whittlers 2,300 2,300
Total Accounts Receivable $ 90,000 $ 35,000 $ 42,700 $ 5,700 $ 6,600
Estimated Uncollectible (%) 2 % 20 % 30 % 40 %

Required:

  1. For items (a)–(j), analyze the amount and direction (+ or –) of effects on specific financial statement accounts and the overall accounting equation. TIP: In item (j), you must first calculate the desired ending balance before adjusting the Allowance for Doubtful Accounts. (Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.)

  2. Prepare the journal entries for items (a)–(j). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

  3. Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31.

  4. Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Receivable and Notes Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations.

In: Accounting

Ratios: Current Ratio: 3.6093 Quick Ratio:                           2.1799 Times Interest Earned: 9.9143 ROE &nbs

Ratios:

Current Ratio: 3.6093

Quick Ratio:                           2.1799

Times Interest Earned: 9.9143

ROE                                        16.48%

ROA                                        12.01%

Equity Multiplier                    1.3714

Inventory Turnover 1.3489

The DuPont Identity helps us to better understand why a firm might have a poor ROE (Return on Equity).  We can write the DuPont Identity as follows:

ROE = (Net Income / Sales)(Sales / Assets)(Assets / Owner's Equity)

Based on this, which of the following statements are true?

Select one:

a. If Sales remained constant but Net Income fell, the ROE would rise, ceteris paribus (all else remaining equal)

b. If Sales remained constant but the firm sold off half of its Assets, the ROE would rise, ceteris paribus (Assume that the Equity Multiplier remains constant)

c. If Assets remain constant but Owner’s Equity goes up, the ROE would rise, ceteris paribus.

d. All of the above statements are true

e. None of the above statements are true.

In: Finance

PROJECT DETAILS: You will create a carefully produced, professional cover letter (10% of final grade) and...

PROJECT DETAILS:


You will create a carefully produced, professional cover letter (10% of final grade) and resume (15% of final grade) that must be based on one of the two job postings listed. You are a free to choose either Job Posting A or Job Posting B. Using what you learn from in-class lessons and helpful links you find online, you will develop a strong understanding of what is involved in creating as flawless a cover letter/resume package as possible.

Use the CHRONOLOGICAL RESUME TEMPLATE or SKILLS BASED/FUNCTIONAL RESUME TEMPLATE (it is strongly recommended to use Chronological Resume as this is a little easier to work with).
You may only use 10 or 12pt TIMES NEW ROMAN or ARIAL fonts for this assignment (except for your name - should be larger font size and bold to stand out).
Cover letter will be 1 page in length.
Your resume MUST fit properly on one or two pages (not including reference sheet). If your resume is only slightly longer than one page, you will need to work on formatting to try and make it fit on a single sheet.
Include a separate reference sheet with at least THREE (3) references - must ask permission prior to using names (can't be immediate family members) and at least ONE reference should be able to speak to your character.
Use BOLD or ITALIC styles for headings, etc. as needed.
Use BULLETS for point form information.
Make sure line spacing and indents are consistent throughout your documents.


Job Title: Teller

Job Description: Community Bank is looking for an outgoing individual to serve as the face of our institution.

About Community Bank: Community Bank is a local leader in financial services. Founded in 1821, our bank serves the needs of area customers with personal and business banking and wealth management services. Regardless of what our customers’ needs are, we meet them with the personalized attention only a community bank can provide.

What it’s Like to Work Here: Ask our employees and the one word they’d use to describe working at Community Bank is “great.” Our team members all share a positive attitude, problem solving abilities and patience, enabling them to provide excellent customer service even during fast-paced shifts. Our culture, plus continuous opportunities for growth, have resulted in an industry-low turnover rate. Don’t miss out on this rare opening with us!

A Day in the Life as a Teller: As the first person customers engage with when entering the bank, you will help complete transactions, uncover financial needs, recommend products/services to help them meet their goals, and refer them to other specialists at the bank if appropriate. With each transaction, you will need to ensure compliance with our policies, procedures and security requirements as well as government regulations.

Qualifications to be a Teller: No special skills are required but some requirements mean you have the potential to be a great teller:

• Cashing handling skills
• Caring attitude
• Detail oriented
• Good communications skills
• Strong math skills
• Knowledge of core computer programs and aptitude for working with new systems and software

In: Computer Science