Timber Ridge, Inc. was started on January 1, Year. The following events apply to the company’s first year of operation.

1. On January 1 issued 3,000 shares of $1 par value common stock at a market price of $10 per share.

2. Purchased 500 shares of Timber Ridge stock (treasury stock) at a price of $10 per share on February 1.

3. Sold 200 (reissued) shares of the treasury stock at a price of $13 per share on March 15.

4. Earned $15,000 cash revenue.

5. Accrued $8,000 of expenses

6. On August 1 declared a cash dividend of $1 per share. The dividends will be paid on August 31 to the shareholders of record on August 15.

7. Shareholders of record recorded.

8. Paid the dividends declared in 6.

REQUIRED:

1. Prepare the journal entries necessary to record these events in the general journal provided below.

2. Show the impact of these events on the horizontal financial statement model provided on the next page.

Division A produces a product that it sells to the outside market. It has compiled the following:

1.

i)

Division B of the same company is currently buying an identical product from an outside provider for $45 per unit. It wishes to purchase 4000 units per year from Division A. Division A is currently selling 30000 units of the product per year. If the internal transfer is made, Division A will not incur any selling costs. What would be the minimum transfer price per unit that Division A would be willing to accept?

A)8

B) 9

c)45

d)47

ii)

The first step in the absorption-cost approach is to calculate the markup percentage used in setting the target selling price.

T/F ?

1. A bond with 10 years to maturity has a face value of $1,000. The bond can be called in four years for $1050. The bond pays an 6 percent semiannual coupon, and the bond has a 3.3 percent nominal yield to maturity.  What is the price of the bond today assuming that it will be called?

2.

A corporate bond that matures in 12 years pays a 9 percent annual coupon, has a face value of $1,000, and a current price of 980. The bond can first be called four years from now.  The call price is $1,050.  What is the bond’s yield to call?

a.         10.01%

b.         5.36%

c.         10.71%

d.         11.86%

e.         None of the above

3.

You just purchased a $1,000 par value, 9-year, 7 percent annual coupon bond that pays interest on a semiannual basis.  The bond sells for $920. What is the bond’s nominal yield to maturity?

a.         7.28%

b.         8.28%

c.         9.60%

d.         8.67%

e.         4.13%

f.          None of the above

Please answer (d) and (e)

A company has been paying a regular cash dividend of $4.00 per share each year. It pays out all of its earnings as dividends and is not expected to grow. There are 100,000 shares outstanding trading for $80.00 per share after the payment of the $4.00 per share dividend (i.e., after the ex-dividend date; prior to the ex-dividend date, the price included the value of the dividend payment). The company has enough cash on hand to pay dividends. Suppose that the company announces that it will cut its dividend to zero and use the cash to repurchase shares.

(a) What is the immediate stock price reaction to the announcement. Ignore taxes and any signaling effect.

(b) How many shares will the company repurchase at the end of the first year?

(c) Project future stock prices under the dividend policy and the repurchase policy for years 1, 2 and 3.

(d) What is the required return on the common stock?

(e) What is the expected annual rate of increase in the stock price?

Vernon Company is considering adding a new product. The cost accountant has provided the following data:

The administrative vice president has provided the following estimates:

The manager has decided that any new product must at least break even in the first year.

Required

Use the equation method and consider each requirement separately.

If the sales price is set at $65, how many units must Vernon sell to break even?

Vernon estimates that sales will probably be 10,000 units. What sales price per unit will allow the company to break even?

Vernon has decided to advertise the product heavily and has set the sales price at $70. If sales are 12,000 units, how much can the company spend on advertising and still break even?

Solomon company is considering adding a new product. the cost accountant has provided the followng data:

Solomon Company is considering adding a new product. The cost accountant has provided the following data:

The administrative vice president has provided the following estimates:

The manager has decided that any new product must at least break even in the first year.

Required

Use the equation method and consider each requirement separately.

If the sales price is set at $64, how many units must Solomon sell to break even?

Solomon estimates that sales will probably be 14,000 units. What sales price per unit will allow the company to break even?

Solomon has decided to advertise the product heavily and has set the sales price at $68. If sales are 8,000 units, how much can the company spend on advertising and still break even?

Java

Create a class named Billing that includes three overloaded computeBill() methods for a photo book store.

main()

main() will ask the user for input and then call functions to do calculations. The calculations will be returned to main() where they will be printed out.

First function

Create a function named computeBill that receives on parameter. It receives the price of an item. It will then add 8.25% sales tax to this and return the total due back to main().

Second function

Create another function named computeBill that receives 2 parameters. It will receive the price of an item and the quantity ordered. It will calculated the total and then add 8.25% sales tax to that and return total due back to main().

Third function

Create a third function names computeBill that receives 3 parameters. It will receive the price of an item, the quantity ordered, and a coupon value. It will then calculate the total, then deduct the coupon amount, and add 8.25% sales tax. It will then return the total due to main().

Prompts and output

The prompts the user are easy to understand. Output is formatted to look like currency

Price Elasticity of Demand:
Choose a product that you regularly purchase and decide whether the demand for the product is elastic, inelastic or unit elastic based on your knowledge of price elasticity of demand. Explain the factors that you think cause the good or service to be elastic, inelastic or unit elastic in detail (related to the determinants of price elasticity of demand). Also, describe the shape of the demand curve and explain what producers in this industry should do to their prices to increase their total revenue. Please use an original example (not one that has been used in the textbook/power points) or you will lose points. Remember, you must do your own work in this class on all assignments so resist the temptation to use outside websites to copy information as that would be plagiarism. Go to your book and power points first as a resource for your research.

Please help? I don't know how to start this . Just for a few paragraph ...I choose to talk about Make up foundation.