. Consider a project with free cash flows in one year of $90,000 in a weak economy or
$117,000 in a strong economy, with each outcome being equally likely. The initial investment
required for the project is $80,000, and the project's cost of capital is 15%. The risk-free interest
rate is 5%.
Sisyphean Bolder Movers Incorporated has no debt, a total equity capitalization of $50 billion,
and a beta of 2.0. Included in Sisyphean's assets are $12 billion in cash and risk-free securities.
Required: Calculate Sisyphean's enterprise value and unlevered beta considering the fact that
Sisyphean's cash is risk-free.
In: Finance
A 65-year-old male was admitted for evaluation of pain on swallowing and a sore throat that has persisted for the past year. The discomfort has not changed with the use of various over the counter cold remedies. The client has lost weight due to a decrease in appetite and difficulty swallowing. He has smoked 3 packs of cigarettes a day for 40 years.
A laryngoscopy showed a subglottic mass. The client had a total laryngectomy with tracheostomy to manage laryngeal cancer. He also has a nasogastric tube in place.
CARE PLAN OF : Impaired verbal communication related to anatomic deficit secondary to removal of the larynx as evidenced by a total laryngectomy with tracheostomy.
care plan
In: Nursing
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $821,000 and sales for the year total $9,310,000. The allowance account before adjustment has a debit balance of $11,100. Bad debt expense is estimated at 1/4 of 1% of sales. The allowance account before adjustment has a debit balance of $11,100. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $35,500. The allowance account before adjustment has a credit balance of $5,900. Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a credit balance of $5,900. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $49,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. $ b. $ c. $ d.$
In: Accounting
Bob the Builder purchased a land and building in Year 6 for $4,000,000. $1.6 million of the purchase price was allocated to the land, and the balance to the building. At the time of the purchase it was estimated that the building would have a useful life of 40 years but no residual value. In Year 18, Bob exchanged the land and building for a piece of undeveloped land. The fair market value of the assets given up was estimated to be $6.2 million and the fair value of the land to be received was $6.1 million. To make up the difference in the fair values of the assets exchanged, Bob also received $100,000 cash Bob depreciates his buildings using the straight-line method. Bob adopts half-year convention for depreciation.
(1) Prepare the journal entry to record the exchange of the asset in Year 18, for Bob the Builder, assuming that the transaction has commercial substance (general case).
(2) Prepare the journal entry to record the exchange of the asset in Year 18, for Bob the Builder, assuming that the transaction lacks commercial substance (exception case).
In: Accounting
Use the information for Economy X in the table to answer the question below.
| Year | CPI |
| 2014 | 280.2 |
| 2015 | 290.4 |
| 2016 | 296.5 |
| 2017 | 292.4 |
| 2018 | 298.3 |
In which year did Economy X have disinflation?
a. 2018
b. 2017
c. 2015
d. 2016
e. None of the choices shown is correct.
Did Economy X experience stagflation in 2017?
a. Economy X may have experienced stagflation in 2017, but more information is needed to know for sure.
b. Economy X did experience stagflation in 2017.
c. Economy X did not experience stagflation In 2017.
An employee in Economy X received a pay increase of 2% in 2015. Which of the following statements is correct?
a. The employee’s nominal pay increased and the real pay stayed the same.
b. The employee’s nominal pay increased and the real pay increased.
c. The employee’s nominal pay increased but the real pay decreased.
d. The employee’s nominal pay increased but more information is needed to know if there was any change in the real pay.
In which year did Economy X have deflation?
a. 2018
b. 2019
c. 2015
d. 2016
e. 2017
What was the rate of inflation in Economy X in 2016?
a. 2.10%
b. 6.1%
c. 2.01%
d. 1.02%
e. 3.12%
A person in Economy X earned $20 per hour in 2014. How much would the person have to earn in 2018 to adjust for inflation?
a. $22.46
b. $25.31
c. $38.20
d. $21.29
e. $18.78
Which year is the base year for this information?
a. 2014
b. 2015
c. 2018
d. 2016
e. None of the choices shown is correct.
In: Economics
In: Finance
My patient is a 82 year old female with a diagnosis of Sepsis. She is confused and her baseline is orientated x3. She is extremely weak and fatigued. She has HTN and diabetes 2. We are waiting on blood and urine labs but she has classic symptoms of UTI. Relevant VS T. 101.8 (oral), HR 110, BP 102/50, RR 24, Pain: Dull ache, (R) flank, 5/10, elevated creatinine 1.5, lactate 3.2. Dr. has ordered IV NS 0.9% NS 1000 mL IV bolus, Acetaminophen 650 mg po, Ceftriaxone 1g IVPB…after blood/urine cultures obtained, Morphine 2 mg IV push every 2 hours prn-pain.
What are the top three nursing diagnosis (problem r/t a/e/b),
three SMART goals for each diagnosis, interventions and rationales
for this patient with sepsis?
In: Nursing
Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalton Manufacturing's operations:
Current Assets as of December 31 (prior year):
Cash. . . . . . . . . . . . . . . . . . . . . . . . . . .$4,460
Accounts receivable, net. . . . . . . . . . . $48,000
Inventory. . . . . . . . . . . . . . . . . . . . . . . .$15,000
Property, plant, and equipment, net. . . . . . . . . . . . . $121,000
Accounts payable. . . . . . . . . . . . . . . . . . . . . . .$43,000
Capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$127,000
Retained earnings. . . . . . . . . . . . . . . . . . . . . . .$22,500
Prepare a schedule of cash collections for January, February, and March, and for the quarter in total.
|
Dalton Manufacturing |
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|
Cash Collections Budget |
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For the Quarter Ended March 31 |
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Month |
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January |
February |
March |
Quarter |
|
|
Cash sales |
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Credits sales |
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|
Total cash collections |
Addititonal Data:
| Actual sales in December were
$ 76 comma 000$76,000. Selling price per unit is projected to remain stable at$ 9$9 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows:
|
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|
b. |
Sales are
3030% cash and7070% credit. All credit sales are collected in the month following the sale. |
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|
c. |
DaltonDalton Manufacturing has a policy that states that each month's ending inventory of finished goods should be1010% of the following month's sales (in units). |
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|
d. |
Of each month's direct material purchases,
2020% are paid for in the month of purchase, while the remainder is paid for in the month following purchase.TwoTwo pounds of direct material is needed per unit at$ 1.50$1.50 per pound. Ending inventory of direct materials should be20 %20% of next month's production needs. |
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|
e. |
Most of the labor at the manufacturing facility is indirect,
but there is some direct labor incurred. The direct labor hours per
unit is
0.030.03. The direct labor rate per hour is$ 13$13 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows:
|
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|
f. |
Monthly manufacturing overhead costs are
$ 6 comma 500$6,500 for factory rent,$ 2 comma 900$2,900 for other fixed manufacturing expenses, and$ 1.40$1.40 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred. |
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|
g. |
Computer equipment for the administrative offices will be
purchased in the upcoming quarter. In January,
DaltonDalton Manufacturing will purchase equipment for$ 5 comma 800$5,800 (cash), while February's cash expenditure will be$ 11 comma 600$11,600 and March's cash expenditure will be$ 15 comma 800.$15,800. |
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|
h. |
Operating expenses are budgeted to be
$ 1.20$1.20 per unit sold plus fixed operating expenses of$ 1 comma 400$1,400 per month. All operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures. |
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|
i. |
Depreciation on the building and equipment for the general and
administrative offices is budgeted to be
$ 4 comma 700$4,700 for the entire quarter, which includes depreciation on new acquisitions. |
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|
j. |
DaltonDalton Manufacturing has a policy that the ending cash balance in each month must be at least$ 4 comma 400$4,400. It has a line of credit with a local bank. The company can borrow in increments of$ 1 comma 000$1,000 at the beginning of each month, up to a total outstanding loan balance of$ 140 comma 000$140,000. The interest rate on these loans is11% per month simple interest (not compounded). The company would pay down on the line of credit balancein increments of$ 1 comma 000$1,000 if it has excess funds at the end of the quarter. The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter. |
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|
k. |
The company's income tax rate is projected to be 30% of
operating income less interest expense. The company pays
$ 10 comma 800$10,800 cash at the end of February in estimated taxes. |
In: Accounting
1. How much must be deposited at the beginning of each year to accumulate to $10,000 in four years if interest is at 9%?
a. $1,671 b. $2,006 c. $2,358 d. $2,570
2. On January 1, 2021, Amy Company sold goods to Michelle Corporation. Michelle signed an installment note requiring payment of $15,000 annually for six years. The first payment was made on January 1, 2021. The prevailing rate of interest for this type of note at date of issuance was 8%. Amy should record sales revenue in January 2021 of:
a. $69,343 b. $74,891 c. $90,000 d. None of the above are correct
3. Jardell Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be worth at the end of five years if interest is compounded at an annual rate of 9%?
a. $142,985 b. $319,000 c. $338,496 d. $855,723
4. Boss Babes Construction is considering the purchase of a machine at a cost of $110,000. The machine is expected to generate cash flows of $20,000 per year for 10 years and can be sold at the end of 10 years for $10,000. Interest is at 10%. Assume the machine purchase would be paid for on the first day of year one, but that all other cash flows occur at the end of the year. Ignore income tax considerations. Required: Determine whether Boss Babes should purchase the machine.
5. Stone Corporation has a defined benefit pension plan. One of its employees has vested benefits under the plan, which will pay her $30,000 annually for life starting with the first $30,000 payment on the day she retires at the age of 65. The employee has just reached the age of 45. Stone consulted standard mortality tables to come up with a life expectancy of 80 for this employee. The implicit interest rate under the plan is 9%. Required: To fulfill this pension obligation, what amount does Stone Company need to have at the time of the employee’s retirement (what is the present value of the retirement benefit at the time the employee retires)?
a. $600,000 b. $450,000 c. $263,585 d. $241,821
In: Accounting
What term is used to describe the practice of entering into transactions at year-end that temporarily improve key ratios?
In: Accounting