Following are the income statement and balance sheet for Texas Roadhouse for the year ended December 29, 2015.

a. Assume the following forecasts for TXRH’s sales, NOPAT, and NOA for 2016 through 2019. Forecast the terminal period values assuming a 1% terminal period growth rate for all three model inputs: Sales, NOPAT, and NOA.

Round your answers to the nearest dollar.

b. Estimate the value of a share of TXRH common stock using the discounted cash flow (DCF) model as of December 29, 2015; assume a discount rate (WACC) of 7%, common shares outstanding of 70,091 thousand, net nonoperating obligations (NNO) of $(14,680) thousand, and noncontrolling interest (NCI) from the balance sheet of $7,520 thousand. Note that NNO is negative because the company’s cash exceeds its nonoperating liabilities.

Rounding instructions:

• Use rounded answers for subsequent computations.

• Round answers to the nearest whole number unless otherwise noted.
• Round discount factor to 5 decimal places and stock price per share to two decimal places.

Do not use negative signs with any of your answers below.

Question: What is the stock price per share?

The following information relates to a Corporation for the year ended 2014: Prepare the cash flow statement in proper form

Purchase of Treasury Stock $32,000

Depletion Expense $15,000

Cash from issuance of bonds payable $30,000

Net loss $25,000

Beginning short-term investments $12,000

Ending short-term investments $18,000

Purchase of a patent $33,000

Beginning accounts payable $103,000

Ending account payable $76,000

Beginning accounts receiavble $15,000

Ending accounts receivable $10,000

Beginning inventory $20,000

Ending inventory $11,000

Loss on sale of stock $12,000

Issued preferred stock for land $72,000

Beginning notes payable-11 months $83,000

Ending balance notes payable- 11 month $75,000

Bad debt expense $17,000

Issued common stock for cash $105,000

Amortization expense $23,000

Sale of equipment at cost $14,000

Depreciation Expense $50,000

A stock is expected to pay the following dividends: $1.1 in 1 year, $1.6 in 2 years, and $1.9 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 14%. The stock's current price (Price at year 0) should be $____________.

(1 point) The amount of paper used in a year per person in America has a normal (bell-shaped)distribution with a mean of 650 pounds and a standard deviation of 150pounds.

a)What percent of Americans use between200 and 1100 pounds of paper per year?

b)What percent of Americans use more than 800 pounds of paper per year?

c)What percent of Americans use more than 350 pounds of paper per year?

Bruin Inc. will have earnings of $15 million next year and is projected to grow at a constant rate of 6 percent forever. All earnings are paid out as dividends to shareholders. The company plans to launch a new project three years from now that will cost $10 million. The project will increase the firm's annual earnings by a constant $8.3 million every year forever starting one year later (i.e. 4 years from now). What is the market value of the company stock? The discount rate is 15.3 percent. Select one: a. $190 million b. $29 million c. $206 million d. $127 million e. $70 million

The real risk-free rate of interest is 1%, inflation is expected to be 1.5% this year, 2% next year, and 3% per year for the next 5 years. The maturity risk premium is a function of time to maturity = 0.2* (1-t) %. The default risk premium on a corporate bond is 0.9%; and liquidity premium is 0.5%.

a. What is the IP over the next 4 years?

b. Find the yield on a 4-year T-bond.

c. Find the yield on a 4-year corporate bond.

We are evaluating a project that costs $648,000, has an eight-year life, and will be worth nothing at the end. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 65,000 units per year. Price per unit is $53, variable cost per unit is $37, and fixed costs are $655,000 per year. The tax rate is 35 percent, and we require a return of 10 percent on this project.

a. Calculate the accounting break-even point.

b. Calculate the base-case NPV. What would be the NPV if sales were to decrease by 500 units?

c. What would be the NPV if the variable cost per unit were to decrease by $1?

Franz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $266,000. The company sells its units for $49 each. Additional data follow.

There were no variances.

The income (loss) under absorption costing is:

None of these.

$38,000.

$36,000.

$35,000.

$(8,500).

The income (loss) under variable costing is:

$35,000.

some other amount.

$(8,500).

$38,000.

$36,000.

A researcher knows that the body weights of 6-year olds in the state is normally distributed with µ = 20.9 kg and σ = 3.2.  She suspects that children in a certain school district are different.  With a sample of n = 16 children, the researcher obtains a sample mean of M = 22.8.  

1. State the Independent and Dependent Variables
2. State the Null Hypothesis in words and symbols.

b State the alternative Hypothesis in words and symbols.

3. Compute the appropriate statistic.
4. What is the decision (Retain or Reject)
5. State the full conclusion in words

Effect

Direction

Size of Effect

Use a two-tailed test and the .05 of significance to determine if the weights for this sample are significantly higher  than what would be expected for the regular population of 6-year- olds.