1. Big Wheel, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $18,600 for March and $39,900 for April. What are the budgeted cash receipts from sales on account for April?
$____________________

2.

A business operated at 100% of capacity during its first month, with the following results:

The amount of gross profit that would be reported on the absorption costing income statement is

a.$468,507

b.$464,004

c.$474,012

d.$615,465

3.

Strait Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $82,600. In the month of lowest production, the company made 1,200 desks at a cost of $64,400. Using the high-low method of cost estimation, total fixed costs are

a.$18,200

b.$54,915

c.$82,600

d.$64,400

4.

Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $33 per unit, while fixed costs are $13,311. Determine the following: Round your answers to the nearest whole number.

6. Solve the following problems. Be sure to make a complete statement connecting the confidence interval to the population parameter or the sample size to the margin of error.

a) A study of 40 English composition professors showed that they spent, on average, 12.6 minutes correcting a student’s term paper. Find the 90% confidence interval of the mean time for all English professors when σ = 2.5 minutes.

b) A study of 36 marathon runners showed that they could run at an average rate of 7.8 miles per hour. The sample standard deviation is 0.6 mph. Find the 90% confidence interval for the mean of all runners.

c) A pizza shop wishes to find the 95% confidence interval of the true mean cost of a large plain pizza. How large should the sample be if she wishes to be accurate to within $0.15. A previous study showed that the standard deviation of the price was $0.26.

d) A survey of 50 first-time white-water canoers showed that 23 did not want to repeat the experience. Find the 98% confidence interval of the true proportion of canoers who did not wish to canoe the rapids a second time.

e) A recent study indicated that 29% of the 100 women over age 55 in the study were widows.

(i) How large a sample must one take to be 95% confident that the estimate is within 0.05 of the true proportion of women over age 55 who are widows? (ii) If no estimate of the sample proportion is available, how large should the sample be?

The following table summarizes prices of various default-free zerocoupon bonds (expressed as a percentage of face value):

3.1 Compute the yield to maturity (YTM) for each of the five zero-coupon bonds and plot the zero-coupon yield curve (for the first five years). For a typical coupon bond, what are the two conditions that have to be met for the computed or promised YTM to be realized? If these two conditions or assumptions are not met, what kind of risk would you have? (15 %)

3.2 Based on your answer in 3.1, compute, under the pure expectations theory, the two-year forward rate three years from now. What can you conclude about forward rates when the yield curve is flat? (5 %)

3.3 Suppose you wanted to lock in an interest rate for an investment that begins in one year and matures in five years. Under the pure expectations theory, what rate would you obtain if there are no arbitrage opportunities? Show your calculations. (3 %)

3.4 There are three main theories for the term structure of interest rates: (1) Pure expectations (unbiased); (2) Liquidity preference (term premium); and (3) Market segmentation. According to the pure expectations theory, the term structure is determined solely by the market’s expectations regarding future interest rates. Discuss how the other two theories differ from the pure expectations theory and provide empirical evidence for each of these three theories.

Question 1

Bridgeport Corporation was organized on January 1, 2020. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 504,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 85,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,150 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84,000. May 1 Issued 78,000 shares of common stock for cash at $5.25 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $43,000 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $113 per share.

A)Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

B)Post to the stockholders’ equity accounts. (Post entries in the order of journal entries presented in the previous part.)

C)Prepare the paid-in capital section of stockholders’ equity at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) If written, Please write clearly

Sarah would like to purchase a condo in Vancouver. She currently rents an apartment for $4,500 per month. The condo she is looking at costs $1,600,000. She intends to put $300,000 down. The condo has monthly condo fees of $300/month, property taxes of $200/month and repairs of $100/month. She can obtain a 30-year mortgage for 3% per year compounded monthly.

There are the following closing costs at purchase:

Land transfer tax $20,000

Legal fees $1,500

There are the following closing costs when selling:

Real estate commission of 3% of selling price

Legal fees $2,000

1. What is the required monthly mortgage payment on the new property? (You need to convert the annual interest rate to a monthly rate.)

2. What is the initial cash outflow of the purchase decision?

3. What is the present value of all the cash outflows for the purchase from month 0 to month 120 (the first 10 years)?

4. (a) What is the principal outstanding for the loan after 10 years? (Calculate the value at year 10 of the remaining 20 years of mortgage payments)

(b) Go to an online mortgage site and use it to calculate the same answer. Print off and scan or take a screen shot and imbed in the Word document.

5. Compute the cost (NPV) under buying and renting over the next 10 years assuming the unit is sold in 10 years for $1,800,000 and rent stays constant. Is it better to rent or buy? Upon sale, you will need to pay off the outstanding loan balance (see #4).

Corporate Financial Management:Capital Budgeting

14. a.Jose and Louis run a clothing manufacturing company and are considering expanding their business to include manufacturing and printing customised football jerseys. Neither knows much about football or finance. Knowing that you have recently completed a finance class, they ask you for advice on whether or not to undertake this project. They have provided you with the following information.

They project unit sales of the football jerseys will be 5,000 in the first year, with growth of sales of 15 per cent each year for the next five years. Production of the jerseys will require €28,000 in net working capital to start. Total fixed costs are €75,000 per year while variable costs are €20 per jersey. Each jersey will have a selling price of €45. An initial up front cost of €60,000 will be required to purchase a new machine to manufacture and print the jerseys. The equipment is to be depreciated using the reducing balance method of depreciation and it not expected to have any salvage value. The rate of depreciation to be used is 20%. The tax rate the company faces is 28% and in order to invest in the project, Jose and Louis require a rate of return of 25%.

Write a report to Jose and Louis advising them whether or not you would recommend investing in this project. Show three investment evaluation techniques (one of which must be NPV analysis) to support your recommendation. If the required rate of return fell to 12%, would your recommendation change? Explain why or why not.(100 %)

Question 11

Pronghorn Corporation was organized on January 1, 2020. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 498,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

*Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

*Post to the stockholders’ equity accounts. (Post entries in the order of journal entries presented in the previous part.)

*Prepare the paid-in capital section of stockholders’ equity at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)

Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $195,000. The trial balances for the two companies on December 31, 20X7, included the following amounts:

Additional Information

1. On January 1, 20X7, Sword reported net assets with a book value of $136,000. A total of $26,000 of the acquisition price is applied to goodwill, which was not impaired in 20X7.
2. Sword’s depreciable assets had an estimated economic life of 11 years on the date of combination. The difference between fair value and book value of tangible assets is related entirely to buildings and equipment.
3. Prince used the equity-method in accounting for its investment in Sword.
4. Detailed analysis of receivables and payables showed that Sword owed Prince $25,000 on December 31, 20X7.

Required:
a. Prepare all journal entries recorded by Prince with regard to its investment in Sword during 20X7. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Prepare all consolidating entries needed to prepare a full set of consolidated financial statements for 20X7. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

c. Prepare a three-part consolidation worksheet as of December 31, 20X7. (Values in the first two columns (the "parent" and "subsidiary" balances) that are to be deducted should be indicated with a minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.)

Question 1. The average number of cereal calories is around 150. Create the column “Cereal Calories” in the New Workbook in Excel and Generate the data for 46 ready-to-eat cereals by using the following function: =RAND()*(Upper limit-Lower Limit)+Lower limit, where Lower limit -is 80 and Upper limit is 270. Copy and Paste special>Values in order to continue to work on the generated data. Make the format of values as a number without decimal places (Format Cells>Number)

Question 2. Construct a stem and leaf plot for the previously obtained data

Question 3. Create a frequency table with 7 classes. The table should have the following headings [Class limits] [Class boundaries] [Frequency] [Cumulative frequency]

Question 4. Describe the data from the table above.

Question 5. Add column “Relative frequency” to the table above, obtain relative frequency and draw a vertical bar chart to present the data

Question 6. Draw histogram, describe modality, skewness, and kurtosis of the data.

Question 7. Make a research and list 5 brands of cereals with calories (create a table). Discuss the impact of cereals in a daily nutrition

(Note: Please Solve on excel file and share excel file instead of pic please please help me in this i,m struggling hardly good reviews will be given with Thanks)

Write a for loop from 1 to 3 using i as the variable. For each value of i:

Create a vector x of 10 random numbers between 0 and 1. Create a second vector t which is equal to ten integers from 1 to 10. Plot x versus t in figure 1. Use hold on to keep each plot. Use a different color for the line for each value of i.

At the very end, add the text 'time' using xlabel to the horizontal axis, and the text 'f(t)' using ylabel to the vertical axis.

This is what I have so far:

% Creating a 'for' loop from 1 to 3 using 'i' as the variable
for i=1:3
% For each value of 'i', creating a vector 'x' of 10 random numbers between 0 and 1
x=rand(1,10);
% For each value of 'i', creating a second vector 't' which is equal to 10 integers from 1 to 10
t=randi([1,10],10);
end

% Plotting 'x' versus 't' in figure 1
figure(1),plot(x,t)

% Using 'hold on' to keep each plot
hold on

% Using a different color for the line for each value of 'i'
%add code

% Adding the text 'time' using 'xlabel' to the horizontal axis
xlabel('time')

% Adding the text 'f(t)' using 'ylabel' to the vertical axis
ylabel('f(t)')