Attached are the financial statements (Balance Sheet/Income Statement) for Lost Cause, Inc, Inc for the year ended December 31, 2018. Assume the following (all as of 12/31/18):

a. Beta was 1.60

b. There are 3,756,000 shares outstanding

c. There are 4,256,000 shares authorized

d. There are 500,000 shares in Treasury

e. The share price was $78.50share.

f. The overall market return was 9.0%

g. The risk-free rate of return is 2.5%

h. The amount in current maturities ($3,500) of LTD was financed in 2013 at 5.0%. Of the total listed under LTD on the balance sheet, $15,000 was financed in 2007 at 6.25%. The remainder of the LTD was financed in 2004, at 7.5% REQUIRED: Calculate the Weighted Average Cost of Capital (WACC), using BOOK EQUITY, for Lost Cause, Inc PLEASE SHOW WORK!!!!

Balance Sheet for H

Basically if the year is divisible by 4( think year%4==0) it’s a leap year UNLESS its divisible by 100 in which case its not a leap year UNLESS its also divisible by 400 , in which case it is.

Write a program that evaluates the years from 1890 to 2017 and write out the year if it is a leap year. Otherwise do not write out anything.

Hints

1. Loops can begin at any integer(think begin at 1890; test will be year <=2017)
2. Use && and || to get desired result in the if statements
3. There is nothing to write out in the case its not a leap year. If none of the conditions for a leap year are true, the loop “block” would end and you would increment , test to see if less than 2017 and then evaluate the next year.

Here is what the output should look like

1892 is a leap year

1896 is a leap year

1904 is a leap year

1908 is a leap year

1912 is a leap year

1916 is a leap year

1920 is a leap year

1924 is a leap year

1928 is a leap year

1932 is a leap year

1936 is a leap year

1940 is a leap year

1944 is a leap year

1948 is a leap year

1952 is a leap year

1956 is a leap year

1960 is a leap year

1964 is a leap year

1968 is a leap year

1972 is a leap year

1976 is a leap year

1980 is a leap year

1984 is a leap year

1988 is a leap year

1992 is a leap year

1996 is a leap year

2000 is a leap year

2004 is a leap year

2008 is a leap year

2012 is a leap year

2016 is a leap year

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $83,000 at the end of 2018 and the company's actuary projects her salary to be $245,000 at retirement. The actuary's discount rate is 9%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service. 3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $98,000 at the end of 2018 and the company's actuary projects her salary to be $320,000 at retirement. The actuary's discount rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

At the beginning of 2019, the pension formula was amended to:

1.65% × Service years × Final year's salary

The amendment was made retroactive to apply the increased benefits to prior service years.

Required:

1. What is the company's prior service cost at the beginning of 2019 with respect to Davenport after the amendment described above?
2. Since the amendment occurred at the beginning of 2019, amortization of the prior service cost begins in 2019. What is the prior service cost amortization that would be included in pension expense?
3. What is the service cost for 2019 with respect to Davenport?
4. What is the interest cost for 2019 with respect to Davenport?
5. Calculate pension expense for 2019 with respect to Davenport, assuming plan assets attributable to her of $220,000 and a rate of return (actual and expected) of 10%.

(For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar.)

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.3% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $96,000 at the end of 2018 and the company's actuary projects her salary to be $310,000 at retirement. The actuary's discount rate is 6%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service.
3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

From 1974 to 2018 Australia ran a current account deficit every year. Over that period Australia’s trade deficit was also in generally in deficit but almost always smaller than the Australian current account deficit due to interest payments on foreign debt and dividends paid overseas.

1. Explain what this means for export, imports, income received from overseas and money paid overseas for Australia.

2. What has the consequence of the current account deficit been on the Australia’s financial account balance over this period? Did Australia experience a net capital inflow or outflow over this period?

3. Use the saving and investment equation to explain why Australia experienced net capital inflow or outflows from 1974 to 2018.

In 1986 the current account deficit approached 6% of GDP, and on May 14, Paul Keating infamously told radio presenter John Laws that Australia was in danger of becoming a “banana republic”. To get spending down, and thus reduce the current account deficit, he tightened the budget, recording a $9.1 billion surplus and encouraged the Reserve Bank to push interest rates to stratospheric levels. The cash rate hit 18% before helping push Australia into recession.

4. Did the budget surplus in 1989-90 help or hinder in reducing the current account deficit?

5. Did the higher interest rates help or hinder in reducing the current account deficit?

6. Australia’s current account deficit averaged 5% of GDP from 1990 to 2016 (and getting as high as 7% of GDP in 2004 and 2007). Why did concern about the current account deficit wane over this period?

In 2003, Johnson & Johnson (J&J) introduced the first drug-eluting stent (DES), a medical device inserted into blocked arteries (in a process called coronary angioplasty) to restore blood flow. The drug-eluting stent made previous stents and other methods of restoring blood flow obsolete, as it solved the problem of secondary blood clots and blockages that plagued previous methods. Suppose the demand for DESs is Q = 9 – (P/2) where Q is the number of DESs demanded per year (in thousands) and P is the price of a DES in thousands of dollars.

(a) Suppose it cost J&J $6 thousand to produce each DES. If J&J were the only producer of DESs (e.g., because entry is prevented by J&J’s patents), what price should J&J charge for its DES to maximize profit? How many DESs would be sold at that price? (Make sure your answers are in the correct units.)

(b) In 2004, Boston Scientific figured out a way to engineer around J&J’s DES patents and introduced its own DES. However, Boston Scientific’s technology was more costly than J&J’s. It cost Boston Scientific $10 thousand to produce each DES. If physicians and patients consider the DESs of J&J and Boston Scientific identical and J&J and Boston Scientific compete by simultaneously choosing how much to produce (where the combined DES production determines the price), how many DESs will J&J produce in equilibrium? How many DESs will Boston Scientific produce? What is the equilibrium price in this case? (Again, make sure your answers are in the correct units.)

Discuss the issues raised in the following hypothetical situations based on information learned in the textbook. A real estate licensee must treat customers fairly. Customers are entitled to know material information about property that affects its value such as defects in the premises, title problems and boundary encroachments. Clients are entitled to all this information and the licensee's opinion regarding market value, assistance in marketing the home and negotiation strategy. Clients are entitled to loyalty, confidentiality and obedience as well as other duties previously discussed. Agents should not engage in fraud in discharging their duty to clients however. Customers are to be treated fairly but not equally.

     Aron has an appointment to show 83 acres of rural property he listed to a potential buyer. In discussing his appointment with another licensee in his office he learns that the property adjacent to the listed property had a test on their well water six months ago which showed the water unsafe to drink.

1. Does Aron have to reveal the existence of the test to the buyer? Does he have to reveal it to the seller who listed it with him? How should he advise the seller?
2. Aron knows the seller is selling the property to raise money to pay for medical expenses. Should he tell potential buyers about the seller's situation?
3. Aron has the water tested on the listed property and places the written report in a file at his office without telling the seller the results. Can the seller be treated by law as having the information? Why or why not?
4. Victor has been contacted by Max about listing a home. Max says "I need to get this house sold. The city is going to widen this street and when they do there will be a lot more traffic. I need to get it sold now." What should Victor's response be?
5. Lindsey is a licensee showing property to a young couple and she says "This would be a great house for first time home buyers". If the couple buys the house and later become unhappy with their purchase explain whether Lindsey's statement is actionable.

As a result of mitosis cell (during cell division) of the Cell cycle, the number of chromosomes in the 2 new cells is a) used to eliminate mutations t, b) increased to 3 times the normal or diploid number, c) is reduced to 1/2 half of the diploid (normal) number representing one full set of chromosomes, d) is reduced to 1/2 the diploid number producing a random set of chromosomes, e) kept constant.

The evolution of the three germ layers (ectoderm, mesoderm, and endoderm) in the evolution of complex, multicellular animals is associated with the annelids and the vertebrates, which are examples of: a) Protostomes and Deuterostomes. b) Just the Protostomes. c) Only the Deuterostomes, d) Cnideria, e) Porifera.

In the course of evolution, the development of organs in the mesodermal space between the digestive endoderm and the ectoderm as the basis for homeostasis is associated with: a) Protostomes and Deuterostomes, b) Just the Protostomes such as the earthworm, c) Only the chordates like humans, d) Only the Deuterostomes such as the Vertebrates. e) The Porifera

The ability to maintain internal conditions of an organism within a certain (defined) boundary range is possible because as organs form the mesoderm cells specialize to form a) the brain, b) mitochondria, c) muscles, d) capillaries near the new specialized cells, e) good luck.

The secretory cells of the Thyroid gland (an example of a eukaryotic cells) produces a molecule termed Thyroxin, a hormone released into the circulation. You would expect that such cell products are secreted from the cell during which of the following stages of the Cell Cycle: a) Meiosis, b) Gap (G1) , c) Synthesis (S), d) Gap 2 (G2), e) mitosis.

In the evolution of the vertebrates, the myocytes provide the stem cells for: a) smooth muscles that surround some of the capillaries to form arteries and veins ,b) specialized cells to produce the enzymes produced by the digestive system, c) Beta cells for the release of Insulin by the pancreas, d) the development of brain and spinal cord, e) All of these are true.

Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below questions:

public static void main(String[] args) {

int numStations = 10;

int enter = 0;

int exit = 0;

Train train = new Train(numStations);

for (int station = 0; station < numStations; station++)

{

     enter = enter + train.enterPassengers(station);

     exit = exit + train.exitPassengers(station);

}

System.out.println("Number of passengers entered the train: " + enter);

System.out.println("Number of passengers exited the train: " + exit);

System.out.println("Number of passengers remaining on the train: " + (enter-exit));

}

The for-loop in the code is:

Counting the number of stations in the train

Is looping 9 times to determine enter and exit of the train

Sums up the number of passengers entering and leaving the train

Exercise #2

Review the below Java method and assume the comments are correct.

// determines if positive number is odd or even

// returns true if even

public Boolean isEven(int num)

{

   if (num <= 0)

   {

      return false;

   }

   if (num%2 = 0)

      return true;

   return false;

}

Select the best answer what is wrong with the code:

It is setting variable to uninitialized value

It is using undeclared variable

It is using single equal sign as equality

Exercise #3

Review the below Java method and assume the comments are correct.

// Initialize array values to 0

public void initialize()

{

   int[] values = new int[10];

   for (int i = 1; i <= 10; i++)

      values[i] = 0;

}

Select the best answer what is wrong with the code:

It is using an uninitialized array

It is overstepping array boundary

It is looping too many times

None of the above

Exercise #4

Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below question:

fax.setNumber("8761234567");

fax.load(paper);

String status = fax.run();

System.out.println("The fax result status : " + status);

The code snippet :

Makes multiple paper copies

Starts the fax machine and displays status

Loads paper and sends a fax