Match the following terms with their definitions:
a. Pay to play ______ 1) Penalty for not keeping pro rata
b. Drag-along rights ______ 2) Right to first payment at exit
c. Redemption rights ______ 3) Veto of certain management actions
d. Anti-dilution protection ______ 4) Adjust price to protect against a down round
e. Liquidation Preference ______ 5) Investors demand money back
f. Protective provisions ______ 6) Force consent to a sale of stock
In: Finance
q1.
What is the price of a 14-year bond paying 9.1% annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5.5%? Answer to the nearest cent, xxx.xx, and enter without the dollar sign.
q2.
You are borrowing $200,000 for an amortized loan with terms that include annual payments,6 year loan, and interest rate of 7.2 per year. How much of the first year's payment would be applied toward reducing the principal?
In: Finance
1. You think CCLC will pay dividend next year and the first dividend will be $20 a share. You expect GOOG to grow dividend at 9% a year. If your required return for GOOD is 11.3%, what would be the price in 7 years?
2. CCLC will pay an annual dividend of $2 next year. The company just announced that future dividends will be increasing by 8% annually. Would you buy this stock at $42 a share if your required return is 12%?
In: Finance
Below is a list of prices for zero-coupon bonds of various maturities.
| Maturity (Years) | Price of $1,000 Par Bond (Zero-Coupon) | |
| 1 | $ | 978.14 |
| 2 | 893.66 | |
| 3 | 807.34 | |
a. A 9.7% coupon $1,000 par bond pays an annual coupon and will mature in 3 years. What should the yield to maturity on the bond be?
b. If at the end of the first year the yield curve flattens out at 8.0%, what will be the 1-year holding-period return on the coupon bond?
In: Finance
Christmas Anytime issues $800,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:
1. The market interest rate is 7% and the bonds issue at face amount
2. The market interest rate is 8% and the bonds issue at a discount.
3.. The market interest rate is 6% and the bonds issue at a premium
In: Accounting
On January 20X2, Lucky Company purchased $5,000,000 of Fire Corp. 3% bonds, classified as a FVTPL. The bonds pay semi-annual interest each 30 June and 31 December. The market interest rate was 4% o the date of purchase. The bonds mature on 30 December 20X11. At the end of 20X2, the bonds had a fair value of $4,800,000.
1. Calculate the price paid by Lucky.
2. Give entries for the first year assuming that the investment is classified as FVTPL.
In: Accounting
Julie is 45 year old mother and lives on a cropping farm, run as
a family business, with her husband and his brother. Julie has
three children same, aged 14; Katie, aged 12 and James aged 8.The
two older children attend boarding school and return home for
holidays. James is at home and attends the local primary school 50
km away.
Both Julie's boys have type 1 diabetes that she manages.
Julie has lived with her diabetes for 37 years and has many
comorbidities due her both her diabetes and celiac disease. which
she developed as a teenager. Julie has stage 3 chronic kidney
disease, poor eyesight and osteoporosis. She is currently tryinģ to
give up smoking after having smoked since of 16.
Julie currently sees her endocrinologist in large metropolitan
hospital every three-month at outpatient clinic. It take her five
hours to drive by car to the appointment in the city a journey that
she takes with her husband. Her nephrologist is based at the
regional hospital about 2 hours drive from home.Julie engages with
a diabetes educator via phone and face to face monthly . The local
hospital is 50 km away and is small, rural hospital. with a locum
doctor and regular nursing staff, who cover the acute inpatient
ward, and community registered nurse. She attends a community
chronic diseases self management program at the local church hall
run by the community registered nurse once a week in town and does
her weekly groceries. Julie has expressed to the diabetes educator
that she need more assistance with managing her own condition. She
is concerned that her son who have type 1 diabetes, may end up with
the same comorbidities as her because she has an autoimmune chronic
condition
1. consider the health care teams and services involved in Julie`s care, how would you as nurse caring for Julie engage the health care team to provide collaborative support to Julie to self manage her multiple chronic conditions.
2. Justify your chosen health care professional, relate the discussion direct to the patient.
3. Demonstrate your understanding of why collaborative care is important
In: Nursing
Case Study in Endocrine in preparation for Discussion
A 51-year old unemployed salesman is brought to the emergency department by EMS at 0800, accompanied by his wife. His wife tells the emergency department nurse that her husband has not been feeling well for the last week, but that when he got up this morning, he was so weak he couldn’t dress himself and didn’t know where he was. She also tells the nurse her husband has been taking a cortisone drug for treatment of his rheumatoid arthritis for the past 2 years, but notes, “We didn’t have the money to buy it this month.”
Assessment data includes:
The patient is dehydrated with dry oral mucous membranes and tongue, poor skin turgor, and sunken eyeballs. His blood pressure is 94/44, and his pulse is rapid and thread. He is weak, dizzy, and disoriented about time and place. Diagnostic tests done at 0830 reveal the following abnormal findings:
o EKG: widening QRS complex and increased PR interval (had peaked T-waves in the ambulance)
o Sodium: 129 mEg/L (normal range: 135-145 mEq/L)
o Glucose: 54 mg/ dL (normal range: 70-110 mg/dL)
o Potassium: 6.2 mEq/L (normal range: 3.5-5 mEq/L)
o Cortisol: 2 mg/dL (normal for morning draw: 5-23 mg/dL) The physician determines that the patient is probably suffering from adrenal insufficiency.
The physician orders 5% Dextrose in 0.9 % sodium chloride in water (D5NS) to run at 250 mL/hr intravenously and Hydrocortisone 200 mg IV. After initiation of the IV fluids and medication, the patient is admitted to an inpatient bed with continuous heart monitoring.
In: Nursing
Part A
Mr Li, Mr Tong, Miss Chow and Mr Yu are directors and shareholders
of Quick Profit Limited (‘the Company’), a Hong Kong private
limited company. The Company has an issued and paid-up share
capital of HK$30,000,000. Each of them holds 4,000,000 shares in
the Company.
The Company has adopted the Model Articles as its articles of association, which were subsequently modified to include the following clauses:
1 every director must subscribe at least 3,000,000 shares in the
Company within two months after appointment; and
2 the quorum of directors’ and shareholders’ meetings is three.
As the company secretary of the Company, advise Mr Li, the chairman
of the board, on the course of actions to be taken by the Company
(giving reasons for your answers) in the following
circumstances:
a Mr Tong informed the Company that he intended to sell 1,100,000
shares to Mrs Wong who will then hold those shares in trust for her
husband, Mr Wong.
b Miss Chow informed the Company that she would sell all her shares
in the Company to her friend, Mr Lo and resign as director of the
Company with effect from 1 April 2018.
c The Company received a photocopy of the power of attorney from Mr
Chan, who is the attorney for Mr Lam, who holds 500,000 shares in
the Company.
d Ms Tang, who holds 10,000 shares in the Company, informed the
Company that she had married and requested the Company to amend her
name on the register of members from Tang Mei Mei to Au Tang Mei
Mei.
e The Company received a letter from MCC Limited, which holds
200,000 shares in the Company, informing the Company that MCC
Limited has commenced liquidation on 1 March 2018 and Mr Black has
been appointed as liquidator of MCC Limited.
f Mrs Yu informed the Company that her husband, Mr Yu, had passed
away on 30 March 2018.
Part B
a A pre-emption clause governing transfer of shares may be found in
the articles of association of some private companies. Explain what
a pre-emption clause is and whether it is beneficial to the
shareholders of a private company. Give reasons to support your
answer.
b If Quick Profit Limited is a listed company, a share registrar
will deal with the matters stated in Part A. Explain the duties
of/services provided by a share registrar to a listed company.
In: Accounting
On January 2, 2018, Athol Company bought a machine for use in operations. The machine has an estimated useful life of eight years and an estimated residual value of $1,750. The company provided the following information:
January 2:
January 15: Paid the balance of the invoice price in cash.
April 16: Paid the note payable and interest in cash.
Required:
1. Compute the acquisition cost of the machine.
2. Prepare the journal entries to record the purchase of the machine and subsequent cash payments on January 15 and April 16, 2018. (Do not round intermediate calculations and round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
3. Compute the depreciation expense for each of the years 2018, 2019, and 2020, assuming the company’s fiscal year ends on December 31. Use the straight-line depreciation method. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.)
4. Prepare the journal entry to record the sale of the machine on October 1, 2025. (Hint: First determine the balance of the accumulated depreciation account on that date.) (Do not round intermediate calculations and round your final answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
In: Accounting