What is the monthly payment for a 30-year mortgage with a 3.00% APY? How much of the first payment goes toward reducing the principal amount owed?
In: Finance
Obtain the annual report for the year 2019 for the Goldman Sachs Bank. Using mainly the annual report and other sources if needed answer the following questions : 1.Name the External Audit firm auditing the Bank, What is the responsibility of the audit firm? What are the forms of audit opinions? What is the opinion of the auditors auditing your Bank? 2.What is equity capital?Compare equity capital of your BANK with peer group. How do you see the level of your BANK capitalization?
PLEASE ANSWER AS SOON AS POSSIBLE !!! ILL GIVE YOU IMMEDIATE RATING !!!
In: Finance
Inventory by Three Methods
The units of an item available for sale during the year were as follows:
| Jan.1 | Inventory | 27 units at $400 |
| Feb. 19 | Purchase | 54 units at $460 |
| June 8 | Purchase | 63 units at $520 |
| Oct. 7 | Purchase | 56 units at $550 |
There are 45 units of the item in the physical inventory at December 31.
Determine the cost of ending inventory using (a) the first-in, first-out method, (b) the last-in, first-out method, and (c) the average cost method.
| Inventory Cost | |
| a. First-in, first-out method | $____________ |
| b. Last-in, first-out method | $____________ |
| c. Average cost method | $____________ |
In: Accounting
In: Accounting
Company a & b require $50 million for a 3 year period. To reduce their financing needs, Company A would like to borrow at a fixed rate, whereas Company B would prefer to borrow at a floating rate. The cost to each party of accessing either the fixed or floating rates for a 3 year debt issue is as follows:
|
Borrower |
Fixed rate available |
Floating Rate available |
|
A |
8.5% |
Prime+ 1.0% |
|
B |
7.5% |
Prime+ 0.5% |
Set up an interest rate swap. Both companies share equally from the interest rate differential with the investment bank keeping 0.10%.
In: Finance
An 80 year old lady named Mary presented admitted to a
unit came in with a fractured leg. She is 5 foot 7 and 165 pounds.
Vital signs on arrival are is:
Blood pressure: 162/84
Heart rate: 92
Respiratory rate: 24
Temperature taken orally: 99.2
SpO2: 96% on room air (RA)
1. Document sings of physical examination
2. What information is missing from the situation? And
ask patient.
3. What concerns would you have with the
patient?
4. What nursing interventions would you
start?
5. What discharge concerns?
In: Nursing
Consider a project to supply 100 million postage stamps per year to the USPS for the next five years. To pursue the project, you will need to install $4.1 million in new manufacturing plant and equipment. This will be depreciated straight-line to zero over the project’s five years. The equipment can be sold for $540,000 at the end of the project. You will also need $600,000 in initial net working capital for the project and an additional investment of $50,000 in every year thereafter. All net working capital will be recouped at the end of the project. Your production costs are $.005 per stamp and you have fixed costs of $950,000 per year. If your tax rate is 34% and your required return is 12%, what bid price should you submit on the contract?
In: Finance
Markus Company’s common stock sold for $1.50 per share at the end of this year. The company paid a common stock dividend of $0.39 per share this year. It also provided the following data excerpts from this year’s financial statements:
| Ending Balance |
Beginning Balance |
|||
| Cash | $ | 24,500 | $ | 40,800 |
| Accounts receivable | $ | 42,000 | $ | 38,800 |
| Inventory | $ | 42,400 | $ | 42,000 |
| Current assets | $ | 108,900 | $ | 121,600 |
| Total assets | $ | 302,000 | $ | 242,800 |
| Current liabilities | $ | 46,500 | $ | 31,500 |
| Total liabilities | $ | 92,000 | $ | 82,800 |
| Common stock, $1 par value | $ | 107,000 | $ | 107,000 |
| Total stockholders’ equity | $ | 210,000 | $ | 160,000 |
| Total liabilities and stockholders’ equity | $ | 302,000 | $ | 242,800 |
| This Year | ||
| Sales (all on account) | $ | 480,000 |
| Cost of goods sold | $ | 278,400 |
| Gross margin | $ | 201,600 |
| Net operating income | $ | 32,500 |
| Interest expense | $ | 2,000 |
| Net income | $ | 21,350 |
A. What is the earnings per share? (Round your answer to 2 decimal places.)
B. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)
C. 10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)
D. What is the company’s operating cycle?
In: Accounting
The following are the cash flows of two projects: Year Project A Project B 0 −$ 290 −$ 290 1 170 190 2 170 190 3 170 190 4 170 If the opportunity cost of capital is 11%, what is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 4 decimal places.)
In: Finance
3. Irving Electronics is considering the issuance of a 20-year convertible bond that will be priced at par value of $1,000 per bond. The bonds carry a 12% annual coupon interest rate and can be converted into 40 common shares. The shares are currently priced at $20 per share, with an expected annual dividend of $3 and is growing at a constant 5% annual rate. The bonds are callable after 10 years at $1,050, with the price declining by $5 per year. If, after 10 years, the conversion exceeds the call price by at least 20%, management is likely to call the bonds. What is the conversion price?
4. Refer to problem 3 above. If the yield-to-maturity on the non-convertible bonds of similar risk is 16%, what is the straight debt value of this convertible bond?
5. Refer to problem 3 above. If an investor expects the bond issue to be called in year 10 and he or she plans on converting it at that time, what is the investor’s expected rate of return upon conversion?
In: Finance