1.Which of the following statements is (are) correct?(x)A stock can provide a return by paying a dividend, increasing in value or by some combination of the two.(y)A change in the ability of company to pay a dividend or a change in the required return will, in general, cause the price of a preferred share of stock to change.(z)Like bonds, the price of a preferred share varies inversely with the rate of return required by investors.
A.(x), (y) and (z)
B.(x) and (y) only
C.(x) and (z) only
D.(y) and (z) only
E.(z) only
4.You just purchased preferred shares in Citicorp(C.PRP) for $28.45. Your required return on this investment is 6.5 percent. What is amount of the annual dividendon this stock?
A.$0.55
B.$1.85
C.$1.95
D.$2.20
E.$2.85
5.Which of the following statements is (are) correct?(x)If the required rate for an investor is above 4.5% and the expected rate of return on Big Baskets stock is about 6.0%, then the stock is probably not a good buy for the investor. (y)The required return is what an investor needs to earn to be satisfied that he or she has been adequately compensated for the risk of owning the security.(z)A 5.0percent preferred stock with a market price of $90 per share and a $100 par value pays a cash dividend of $4.50.
A.(x), (y) and (z)
B.(x) and (y) only
C.(x) and (z) only
D.(y) and (z) only
E.(y) only
In: Finance
Carmen Company is a corporation that has issued both preferred and common stock. As of January 1, it had 50,000 shares of 2.75%, $100 par, preferred stock outstanding and 250,000 shares of $10 par common stock outstanding.
a. On January 31, the board of directors issues a requirement to purchase 5,000 shares of its common stock at market price. The shares are purchased at a market price of $22 per share.
Journalize the purchase utilizing the cost concept.
| Jan. 31 | |||
b. On March 15, Carmen declares a dividend on preferred stock of $2.75 per share. The date of record is March 25 and the date of payment is March 31.
Journalize these events. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
| Mar. 15 | |||
| Mar. 25 | |||
| Mar. 31 | |||
c. On December 1, Carmen declares a cash dividend on common stock of $0.12 per share. The date of record is December 15 and the date of payment is December 21.
Journalize these events. If no entry is required, select "No Entry Required" and leave the amount boxes blank.
| Dec. 1 | |||
| Dec. 15 | |||
| Dec. 21 | |||
d. On December 27, the board orders that 2,500 shares of the treasury stock purchased in (a) be sold. The sale price is $25 per share.
Journalize this event. If an amount box does not require an entry, leave it blank.
| Dec. 27 | |||
In: Accounting
3. The table below shows Bob’s total utility from apples and oranges. Assume that Bob has $160 to spend on apples and oranges each month (whole units). Oranges cost $16 each, and apples cost $40 each.
Oranges Apples
NO TU MU MU/$ NO TU MU MU/$
In: Economics
Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $100 per unit. Variable expenses are $70 per stove, and fixed expenses associated with the stove total $144,000 per month.
Required:
1. What is the break-even point in unit sales and in dollar sales?
2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.)
3. At present, the company is selling 20,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes.
4. Refer to the data in Required 3. How many stoves would have to be sold at the new selling price to attain a target profit of $77,000 per month?
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In: Accounting
TVM: 1. You are interested in saving money for your first house. Your plan is to make regular deposits into a brokerage account that will earn 14 percent. Your first deposit of $5,000 will be made today. You also plan to make four additional deposits at the beginning of each of the next four years. Your plan is to increase your deposits by 10 percent a year. (That is, you plan to deposit $5,500 at t = 1, and $6,050 at t = 2, etc.) How much money will be in your account after five years?
2. Foster Industries has a project that has the following cash flows: Year Cash Flow 0 - $300.00 1 100.00 2 125.43 3 90.12 4 ? What cash flow will the project have to generate in the fourth year in order for the project to have a 15 percent rate of return?
3. John Keene recently invested $2,566.70 in a project that is promising to return 12 percent per year. The cash flows are expected to be as follows: End of Year Cash Flow 1 $325 2 400 3 550 4 ? 5 750 6 800 What is the cash f low at the end of the 4th year?
4. You recently purchased a 20 - year investment that pays you $100 at t = 1, $500 at t = 2, $750 at t = 3, and some fixed cash flow, X, at the end of each of the remaining 17 years. You purchased the investment for $5,544. 87. Alternative investments of equal risk have a required return of 9 percent. What is the annual cash flow received at the end of each of the final 17 years, that is, what is X?
5. Find the present value of an income stream that has a negative flow of $100 per year for 3 years, a positive flow of $200 in the 4th year, and a positive flow of $300 per year in Years 5 through 8. The appropriate discount rate is 4 percent for each of the first 3 years and 5 percent for each of the later years. Thus, a ca sh flow accruing in Year 8 should be discounted at 5 percent for some years and 4 percent in other years. All payments occur at year - end.
Please provide a step by step breadkdown, not just a final answer so I can fully understand this :)
In: Finance
Graczyk Company uses a periodic inventory system. During October, it sold 360 units of Product Z. Its beginning inventory and purchases during the month were as follows: Oct. 1 Beginning inventory 100 units @ $20 5 Purchases 100 units @ $24 10 Purchases 100 units @ $22 15 Purchases 100 units @ $24 20 Purchases 100 units @ $28 25 Purchases 100 units @ $26 Compute the cost of goods sold under each of three methods: (a) average-cost, (b) LIFO, and (c) FIFO. (Show your work.
In: Accounting
a.) You buy 100 shares of ZYX for $10 and after seven months sell it on December 31, 201X, for $23. You buy 100 shares of WER for $10 and after 15 months sell it on December 31 201X, for $7. You buy 100 shares of DFG for $10 and after nine months, on December 31, 201X, it is selling for $15.
b.) You buy 100 shares of ZYX for $60 and after seven months sell it on December 31, 201Y, for $37. You buy 100 shares of WER for $60 and after 15 months sell it on December 31, 201Y, for $67. You buy 100 shares of DFG for $60 and after nine months sell it on December 31, 201Y, for $76.
c.) On January 2, 201X, you buy 100 shares of ZYX for $40 and sell it for $31 after 22 months. On January 2, 201X, you buy 100 shares of WER for $40 and sell it for $27 after 15 months. On January 2, 201X, you buy 100 shares of DFG for $40 and sell it for $16 after 18 months.
d.) On January 2, 201X, you buy 100 shares of ZYX for $60. On October 2, 201X, you sell 100 shares of ZYX for $40. On October 10, 201X, you purchase 100 shares of ZYX for $25.
In: Finance
Run the following Java code and explain what it does.
Show the image created by the code.
public class Main{
public static void main(String[] args) {
new MyFrame();
}
}
import javax.swing.*;
public class MyFrame extends JFrame{
MyPanel panel;
MyFrame(){
panel = new MyPanel();
this.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
this.add(panel);
this.pack();
this.setLocationRelativeTo(null);
this.setVisible(true);
}
}
import java.awt.*;
import javax.swing.*;
public class MyPanel extends JPanel{
//Image image;
MyPanel(){
//image = new ImageIcon("sky.png").getImage();
this.setPreferredSize(new Dimension(500,500));
}
public void paint(Graphics g) {
Graphics2D g2D = (Graphics2D) g;
//g2D.drawImage(image, 0, 0, null);
g2D.setPaint(Color.blue);
g2D.setStroke(new BasicStroke(5));
g2D.drawLine(0, 0, 500, 500);
//g2D.setPaint(Color.pink);
//g2D.drawRect(0, 0, 100, 200);
//g2D.fillRect(0, 0, 100, 200);
//g2D.setPaint(Color.orange);
//g2D.drawOval(0, 0, 100, 100);
//g2D.fillOval(0, 0, 100, 100);
//g2D.setPaint(Color.red);
//g2D.drawArc(0, 0, 100, 100, 0, 180);
//g2D.fillArc(0, 0, 100, 100, 0, 180);
//g2D.setPaint(Color.white);
//g2D.fillArc(0, 0, 100, 100, 180, 180);
//int[] xPoints = {150,250,350};
//int[] yPoints = {300,150,300};
//g2D.setPaint(Color.yellow);
//g2D.drawPolygon(xPoints, yPoints, 3);
//g2D.fillPolygon(xPoints, yPoints, 3);
//g2D.setPaint(Color.magenta);
//g2D.setFont(new Font("Ink Free",Font.BOLD,50));
//g2D.drawString("U R A WINNER! :D", 50, 50);
}
}
In: Computer Science
Exercise 22.7 Closing an Unprofitable Business Unit (LO22-1, LO22-2, LO22-3, LO22-5) Shown as follows is a segmented income statement for Drexel-Hall during the current month. Profit Centers Drexel-Hall Store 1 Store 2 Store 3 Dollars % Dollars % Dollars % Dollars % Sales $ 1,800,000 100 % $ 600,000 100 % $ 600,000 100 % $ 600,000 100 % Variable costs 1,080,000 60 372,000 62 378,000 63 330,000 55 Contribution margin $ 720,000 40 % $ 228,000 38 % $ 222,000 37 % $ 270,000 45 % Traceable fixed costs: controllable 432,000 24 120,000 20 102,000 17 210,000 35 Performance margin $ 288,000 16 % $ 108,000 18 % $ 120,000 20 % $ 60,000 10 % Traceable fixed costs: committed 180,000 10 48,000 8 66,000 11 66,000 11 Store responsibility margin $ 108,000 6 % $ 60,000 10 % $ 54,000 9 % $ (6,000 ) (1 ) % Common fixed costs 36,000 2 Income from operations $ 72,000 4 % All stores are similar in size, carry similar products, and operate in similar neighborhoods. Store 1 was established first and was built at a lower cost than were Stores 2 and 3. This lower cost results in less depreciation expense for Store 1. Store 2 follows a policy of minimizing both costs and sales prices. Store 3 follows a policy of providing extensive customer service and charges slightly higher prices than the other two stores. Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimates closing Store 3 would cause sales at Store 1 to increase by $60,000, and sales at Store 2 to increase by $120,000. Closing Store 3 is not expected to cause any change in common fixed costs. Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores. b. The monthly responsibility margin of Stores 1 and 2. c. The company’s monthly income from operations.
In: Accounting
1) Submit your completed dynamic array with template/generic data type (DArray.java) implementation.
2) Complete the template DArray (if you have not done so) and this attached Iterator class. Make sure to document and test your code thoroughly.
import java.util.Arrays;
public class DArray
{
private final double GROW_FACTOR = 0.5;// array size growing
rate
//attributes
private int size;
private int buffer[]; //the actual array
//constructors
public DArray()
{
this.size=10;
}
public DArray(int size) throws Exception
{
if(size < 0)
{
throw new Exception("Not a valid range");
}
this.size = size;//the actual array size
int bufferSize = (int) Math.ceil(this.size + this.size *
GROW_FACTOR);
this.buffer = new int[bufferSize]; //create the buffer
}
//methods
/**
*
* @return the actual size of the array
*/
public int length()
{
return this.size;
}
/**
*
* @return the max length of the dynamic array
*/
public int maxLength()
{
return this.buffer.length;
}
/**
*
* @param index - the location of the element in the array
* @return the element at the given location/index
*/
public int elementAt(int index) throws Exception
{
if(index < 0 || index >= maxLength())
throw new Exception("Index out of bound");
return this.buffer[index];
}
public void set(int index ,int value)
{
if(index>maxLength())
{
resize(index);
set(index,value);
}
else
buffer[index]=value;
}
public void resize(int size)
{
buffer = Arrays.copyOf(buffer, buffer.length + size);
}
public int getFirst()
{
return buffer[0];
}
public int getLast()
{
return buffer[maxLength()-1];
}
//////////////////////////////////////////////////////////
//driver to test the code
public static void main(String[] args) throws Exception
{
DArray a = new DArray(10);
System.out.println(a.length());
System.out.println(a.maxLength());
a.set(0, 10); //set value 10 into index 0
a.set(100, 50);//set value 50 to index 100
System.out.println("Element at 100 postion
is:"+a.elementAt(100));
a.resize(2);
System.out.println("New length of the array:"+a.maxLength());
System.out.println("First element is "+a.getFirst());
System.out.println("Last element is "+a.getLast());
}//end of main
}//end of DArray class
In: Computer Science