Questions
The following information is for Crane Limited for 2020: Net income for the year $2,230,000 8%...

The following information is for Crane Limited for 2020:

Net income for the year $2,230,000
8% convertible bonds issued at par ($1,000 per bond), with each bond convertible into
40 common shares
2,110,000
6% convertible, cumulative preferred shares, $100 par value, with each share convertible
into 3 common shares
3,900,000
Common shares (400,000 shares outstanding) 4,000,000
Stock options (granted in a prior year) to purchase 65,000 common shares at $20 per share 850,000
Tax rate for 2020 30%
Average market price of common shares $25 per share


There were no changes during 2020 in the number of common shares, preferred shares, or convertible bonds outstanding. For simplicity, ignore the requirement to book the convertible bonds’ equity portion separately.

Calculate the income effect of the dividends on preferred shares.

Dividends on preferred shares

$

Calculate basic earnings per share for 2020. (Round answer to 2 decimal places, e.g. 15.25.)

Basic EPS

$

Determine an incremental per share effect for 6% preferred shares. (Round earnings per share to 2 decimal places, e.g. 15.25.)

Potentially dilutive security Incremental
Numerator Effect
Incremental
Denominator Effect
EPS
6% Preferred shares

Calculate the proceeds from assumed exercise of 65,000 options.

Proceeds from exercise of options $


Calculate the incremental shares oustanding upon the exercise of options.

The incremental shares oustanding upon the exercise of options

Calculate the after-tax interest paid on the 8% bonds.

After-tax interest on bonds converted

Determine an incremental per share effect for 8% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.)

Potentially dilutive security Incremental
Numerator Effect
Incremental
Denominator Effect
EPS
8% Bonds $

Rank the potentially dilutive securities from most dilutive to least dilutive.

8% Bonds
6% Preferred shares
Options

Calculate diluted earnings per share for 2020. (Round earnings per share to 2 decimal places, e.g. 15.25.)

Numerator Denominator EPS
Basic $ $
                                                                      6% Preferred shares8% BondsOptions
Sub Total
                                                                      6% Preferred shares8% BondsOptions
Sub Total
                                                                      6% Preferred shares8% BondsOptions
$ $
Diluted EPS

In: Accounting

Suppose you receive $100 at the end of each year for the next three years. a....

Suppose you receive $100 at the end of each year for the next three years.

a.
If the interest rate is 8% per annum (interest paid annually), what is the present value of these cash flows?

b.
What is the future value in three years of the present value you computed in part (a)?

c.
Assume that no withdrawals are made from the savings account until the end of the third year. What is the interest component?

d.
Compute the effective 3 years rate (total interest over 3 years). Hint: EFFECT function is not appropriate for this part as it is often used to compute an effective annual interest rate from a nominal interest rate.   

Q2

Your uncle has just announced that he is going to give you $15,000 per year at the end of each of the next 4 years.

a.
If the relevant interest rate is 7%, what is the value today of this promise?

b.
If the interest rate changes to 8%, what is the value today of this promise?

c.
Explain how interest rates influence the value of the promise in parts (a) and (b).

Q3

Peter borrowed $800,000 to refit his fishing trawler. The loan requires monthly repayments over 15 years. When he borrowed the money the interest rate was 13.5% per annum, but 18 months later the bank increased the interest rate to 15% per annum, in line with market rates. The bank tells Peter he can increase his monthly repayment (so as to pay off the loan by the originally agreed date) or he can extend the term of loan (and keep making the same monthly repayment). Calculate:

a.
The new monthly repayment if Peter accepts the first option.

b.
The extra period added to the loan term if Peter accepts the second option.

In: Finance

There is a project with the following cash flows : Year Cash Flow 0 −$21,800 1...

There is a project with the following cash flows :

Year Cash Flow
0 −$21,800
1 6,300
2 7,350
3 6,750
4 4,400


What is the payback period?

Multiple Choice

a. 4.00 years

b. 3.32 years

c. 3.74 years

d. 3.56 years

e. 2.79 years

In: Finance

You borrow a ten-year loan of $1,500,000. The annual interest rate is 13% that to be...

You borrow a ten-year loan of $1,500,000. The annual interest rate is 13% that to be repaid every 2 weeks. Assume 52 weeks a year. List the numerical answers and EXCEL formulas of payment, interest, principal paid and end balance of 115th periodic payment in the table provided.

Payment Interest Principal

End Balance (Period 115)

(Numerical Answer) (Numerical Answer) (Numerical Answer) (Numerical Answer)
(EXCEL Formula) (EXCEL Formula) (EXCEL Formula) (EXCEL Formula)

In: Finance

FFB sold bonds at the beginning of the year on June 1, 2014. The bonds had...

FFB sold bonds at the beginning of the year on June 1, 2014. The bonds had a face value of $2,000 and payments of $50 each due on December 1 and June 1. (The contract or stated rate = 5%, annual). The bonds sold on the market on June 1, 2014, to yield investors a 6% annual rate of return.

Prepare an amortization table for the bond. Use Excel. Consider the fact that liabilities have increased and that interest expense for the fiscal year 2015 has also increased due to the debt. The amount of interest for the year will be shown on your amortization table.

In: Accounting

27. The US ináation rate a. was negative 10% for more than a year during the...

27. The US ináation rate

a. was negative 10% for more than a year during the Great De- pression;

b. rose to a positive 25% in 1933 on an annual basis;

c. rose above 25% during WWII and the Vietnam War;

d. All of the above.

28. The policy coinciding with the end of the Great Depression

a. gave consumers the conÖdence to quickly re-deposit their money in bank;

b. established FDIC deposit insurance;

c. reformed the private bank sector;
d. All of the above.

In: Economics

In a response to a call light, you enter a room to find a 68 year-old...

In a response to a call light, you enter a room to find a 68 year-old patient on the floor next to the bed. The patient is in his first day post-operative for surgical resection of the colon, he had slept all light without compliant, and the report states that he had not been agitated or confused but doing well. a. What assumptions, if any, can you make about this situation/ b. What are the questions that you need to ask?

In: Nursing

Minden Company introduced a new product last year for which it is trying to find an...

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company’s present selling price is $90 per unit, and variable expenses are $60 per unit. Fixed expenses are $834,300 per year. The present annual sales volume (at the $90 selling price) is 25,200 units.

Required:

1. What is the present yearly net operating income or loss?

2. What is the present break-even point in unit sales and in dollar sales?

3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit?

4. What would be the break-even point in unit sales and in dollar sales using the selling price you determined in (3) above (e.g., the selling price at the level of maximum profits)?

In: Accounting

Suppose you receive ​$100100 at the end of each year for the next three years. a....

Suppose you receive ​$100100 at the end of each year for the next three years. a. If the interest rate is 9 %9%​, what is the present value of these cash​ flows? b. What is the future value in three years of the present value you computed in ​(a​)? c. Suppose you deposit the cash flows in a bank account that pays 9 %9% interest per year. What is the balance in the account at the end of each of the next three years​ (after your deposit is​ made)? How does the final bank balance compare with your answer in ​(b​)?

In: Finance

J is a 64 year old male with R CVA ( cerebrovascular accident or stroke) with...

J is a 64 year old male with R CVA ( cerebrovascular accident or stroke) with L hemiparesis(complete paralysis of half of the body can be caused by stroke) . and neglect(not having any sensory loss to that side of the body) . The patient is currently hospitalized in the acute wing of the hospital. To return home to live with their spouse, J must be S with transfers and ADL

Utilize universal precautions.

Precautions: cardiac, fall, IV antibiotics delivered in R forearm

PMH(Past medical history): osteoarthritis, depression, afib

Prior level of function ( PLOF): J was independent and living with their spouse in their ranch style home. The patient is a retired mechanical engineer. They were driving and taking care of all yard work and gardening. The patient enjoyed riding their bike with their adult children. The week prior to the CVA J and one of their children enjoyed a 10 mile trail ride. Since retiring, they spend a lot of time with their 5 grandchildren who all live in the same small town.

Current Level of Function (CLOF):  

ADL & Functional Mobility:

Dressing UB with Max A (GG 2)

Dressing LB with Mod A (GG 3)

Toilet transfer with Mod A (GG 3)

Toilet hygiene with Min A (GG 4)

Functional Mobility with Quad Cane with Mod A (GG 3)

Balance:

Standing balance is 1 on KU scale

Sitting balance is 1+ on KU scale

MMT:

RUE - grossly 4 / 5

LUE - grossly 2+ /5

Pain:

J reports pain of 4/10 with the movement of L UE

Orientation:

J is A & O X 3

  1. Identify words/terms that you do not understand.  

  2. Determine what those words/terms mean via textbooks, OTPF document, peer discussion, google, etc.

  1. Complete Occupational Profile Using the questions below. You may freehand the profile or use the blank Occupational Profile template. You will need to be creative in order to answer some of the questions.

AOTA OCCUPATIONAL PROFILE TEMPLATE

“The occupational profile is a summary of a client’s occupational history and experiences, patterns of daily living, interests, values, and needs” (AOTA, 2014, p. S13). The information is obtained from the client’s perspective through both formal interview techniques and casual conversation and leads to an individualized, client-centered approach to intervention.

Each item below should be addressed to complete the occupational profile. Page numbers are provided to reference a description in the Occupational Therapy Practice Framework: Domain and Process, 3rd Edition (AOTA, 2014).

Client /Date:      






Client Report

Reason the client is seeking service and concerns related to engagement in occupations

Why is the client seeking service, and what are the client’s current concerns relative to engaging in occupations and in daily life activities? (This may include the client’s general health status.)

     

Occupations in which the client is successful (p. S5)

In what occupations does the client feel successful, and what barriers are affecting his or her success?

     

Personal interests and values (p. S7)

What are the client’s values and interests?

     

Occupational history (i.e., life experiences)

What is the client’s occupational history (i.e., life experiences)?

     

Performance patterns (routines, roles, habits, & rituals) (p. S8)

What are the client’s patterns of engagement in occupations, and how have they changed over time? What are the client’s daily life roles? (Patterns can support or hinder occupational performance.)

     

What aspects of the client’s environments or contexts does he or she see as:

Supports to Occupational Engagement Barriers to Occupational Engagement

Environment

Physical (p. S28)

(e.g., buildings, furniture, pets)

     

     

Social (p. S28)

(e.g., spouse, friends, caregivers)

     

     

Context

Cultural (p. S28)

(e.g., customs, beliefs)

     

     

Personal (p. S28)

(e.g., age, gender, SES, education)

     

     

Temporal (p. S28)

(e.g., stage of life, time, year)

     

     

Virtual (p. S28) (e.g., chat, email, remote monitoring)

     

     

Client Goals

Client’s priorities and desired targeted outcomes: (p. S34)

Consider: occupational performance—improvement and enhancement, prevention, participation, role competence, health and wellness, quality of life, well-being, and/or occupational justice.

     

In: Nursing