Consider the following information on Huntington Power Co. Debt:
4,000, 7% semiannual coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. Preferred Stock: 10,000 outstanding with par value of $100 and a market value of 105 and $10 annual dividend. Common Stock: 84,000 shares outstanding, selling for $56 per share, the beta is 2.08
The market risk premium is 5.5%, the risk free rate is 3.5% and Huntington’s tax rate is 32%.
Huntington Power Co. is evaluating two mutually exclusive project that is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and decided to apply an adjustment factor of +2.1% to the cost of capital for both projects.
Project A is a five-year project that requires an initial fixed asset investment of $2.4 million. The fixed asset falls into the five-year MACRS class. The project is estimated to generate $2,050,000 in annual sales, with costs of $950,000. The project requires an initial investment in net working capital of $285,000 and the fixed asset will have a market value of $225,000 at the end of five years when the project is terminated.
Project B requires an initial fixed asset investment of $1.0 million. The marketing department predicts that sales related to the project will be $920,000 per year for the next five years, after which the market will cease to exist. The machine will be depreciated down to zero over four-year using the straight-line method (depreciable life 4 years while economic life 5 years). Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales. The project will also require an addition to net working capital of $150,000 immediately. The asset is expected to have a market value of $120,000 at the end of five years when the project is terminated.
Use the following rates for 5-year MACRS: 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76%
1) Calculate project A’s cash flows for years 0-5
2) Calculate NPV, IRR and PI for project A
3) Calculate project B’s cash flows for year 0-5
4) Calculate NPV, IRR and PI for project B
5) Which project should be accepted if any and why?
6) What is the exact NPV profile’s crossover rate (incremental IRR)?
In: Finance
Smoky Mountain Corporation makes two types of hiking boots—the Xtreme and the Pathfinder. Data concerning these two product lines appear below:
| Xtreme | Pathfinder | |||||
| Selling price per unit | $ | 120.00 | $ | 87.00 | ||
| Direct materials per unit | $ | 65.20 | $ | 51.00 | ||
| Direct labor per unit | $ | 11.20 | $ | 8.00 | ||
| Direct labor-hours per unit | 1.4 | DLHs | 1.0 | DLHs | ||
| Estimated annual production and sales | 30,000 | units | 65,000 | units | ||
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
| Estimated total manufacturing overhead | $ | 2,033,000 | ||
| Estimated total direct labor-hours | 107,000 | DLHs | ||
Required:
1. Compute the product margins for the Xtreme and the Pathfinder products under the company’s traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs):
| Estimated Overhead Cost |
Expected Activity | |||||
| Activities and Activity Measures | Xtreme | Pathfinder | Total | |||
| Supporting direct labor (direct labor-hours) | $ | 631,300 | 42,000 | 65,000 | 107,000 | |
| Batch setups (setups) | 876,000 | 410 | 320 | 730 | ||
| Product sustaining (number of products) | 460,000 | 1 | 1 | 2 | ||
| Other | 65,700 | NA | NA | NA | ||
| Total manufacturing overhead cost | $ | 2,033,000 | ||||
Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system.
3. Prepare a quantitative comparison of the traditional and activity-based cost assignments.
Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 decimal places and "Percentage" answers to 1 decimal place.)
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In: Accounting
Using Java create an application that will read a tab-delimited file that displays the MLB standings Below:
League AL East
Tampa Bay 37 20
NY Yankees 32 24
Toronto 29 27
Baltimore 23 33
Boston 22 34
League AL Central
Minnesota 35 22
Chi White Sox 34 23
Cleveland 33 24
Kansas City 23 33
Detroit 22 32
League AL West
Oakland 34 21
Houston 28 28
LA Angels 26 31
Seattle 25 31
Texas 19 37
League NL East
Atlanta 34 22
Miami 28 28
Philadelphia 28 29
NY Mets 26 31
Washington 23 34
League NL Central
Chi Cubs 32 25
St. Louis 27 26
Cincinnati 29 28
Milwaukee 27 28
Pittsburgh 18 39
League NL West
LA Dodgers 39 17
San Diego 34 22
San Francisco 28 28
Colorado 25 31
Arizona 22 34
and display expanded standings in a nicely formatted way, like so:
*****************************************
* BASEBALL ANALYZER *
*****************************************
Enter the name of the standings file:
Which standings would you like to see?
1. AL East
2. AL Central
3. AL West
4. NL East
5. NL Central
6. NL West
7. Overall
8. Exit
Enter the number of your choice: 1
Team Wins Losses Pct. Behind
-----------------------------------------------
Tampa Bay 37 20 0.649
NY Yankees 32 24 0.571 4.5
Toronto 29 27 0.518 7.5
Baltimore 23 33 0.411 13.5
Boston 22 34 0.393 14.5
Which standings would you like to see?
1. AL East
2. AL Central
3. AL West
4. NL East
5. NL Central
6. NL West
7. Overall
8. Exit
Enter the number of your choice: 2
Team Wins Losses Pct. Behind
-----------------------------------------------
Minnesota 35 22 0.614
Chi White Sox 34 23 0.596 1.0
Cleveland 33 24 0.579 2.0
Kansas City 23 33 0.411 11.5
Detroit 22 32 0.407 11.5
In: Computer Science
The game of Nim. This is a well-known game with a number of variants. The following variant has an interesting winning strategy. Two players alternately take marbles from a pile. In each move, a player chooses how many marbles to take. The player must take at least one but at most half of the marbles. Then the other player takes a turn. The player who takes the last marble loses.
Write a program in which the computer plays against a human opponent. Generate a random integer between 10 and 100 to denote the initial size of the pile. Generate a random integer between 0 and 1 to decide whether the computer or the human takes the first turn. Generate a random integer between 0 and 1 to decide whether the computer plays smart or stupid. In stupid mode, the computer simply takes a random legal value (between 1 and n/2) from the pile whenever it has a turn. In smart mode the computer takes off enough marbles to make the size of the pile a power of two minus 1 - that is, 3, 7, 15, 31, or 63. That is always a legal move, except when the size of the pile is currently one less than a power of two. In that case, the computer makes a random legal move.
You will note that the computer cannot be beaten in smart mode when it has the first move unless the pile size happens to be 15, 31, or 63. Of course, a human player who has the first turn and knows the winning strategy can win against the computer.
Make sure your program tells the user whether the computer played in smart or stupid mode.
Your program will need to use both decisions (if statements) and loops.
method returns a double value >= 0.0 and < 1.0. To get a random integer between two integer values (Min and Max) use:
Min + (int)(Math.random() * ((Max - Min) + 1))
Write pseudocode and/or a flow chart before you try to write this program. As you write your program, a good practice would be to write and test it in parts. For example, generate the initial size of the pile, which player goes first, and what mode the computer plays in and output without actually playing the game. Then play one round and end the game, etc.
Submit:
Pseudocode for your solution.
Your Java code as a .java file.
In: Computer Science
Debt: 4,000, 7% semiannual coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 102 percent of par; the bonds make semiannual payments.
Preferred Stock: 10,000 outstanding with par value of $100 and a market value of 105 and $10 annual dividend.
Common Stock: 84,000 shares outstanding, selling for $56 per share, the beta is 2.08
The market risk premium is 5.5%, the risk free rate is 3.5% and Huntington’s tax rate is 32%.
Huntington Power Co. is evaluating two mutually exclusive project that is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and decided to apply an adjustment factor of +2.1% to the cost of capital for both projects.
Project A is a five-year project that requires an initial fixed asset investment of $2.4 million. The fixed asset falls into the five-year MACRS class. The project is estimated to generate $2,050,000 in annual sales, with costs of $950,000. The project requires an initial investment in net working capital of $285,000 and the fixed asset will have a market value of $225,000 at the end of five years when the project is terminated.
Project B requires an initial fixed asset investment of $1.0 million. The marketing department predicts that sales related to the project will be $920,000 per year for the next five years, after which the market will cease to exist. The machine will be depreciateddown to zero over four-year using the straight-line method (depreciable life 4 years while economic life 5 years). Cost of goods sold and operating expenses related to the project are predicted to be 25 percent of sales. The project will also require an addition to net working capital of $150,000 immediately. The asset is expected to have a market value of $120,000 at the end of five years when the project is terminated.
Use the following rates for 5-year MACRS: 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76%
In: Finance
You have just started a new job and your employer has enrolled you in KiwiSaver.
This is the first time you have been enrolled in KiwiSaver and you decide not to “opt out”.
You are interested in estimating how much your KiwiSaver fund could be worth when you retire.
You make the following assumptions:
• You have just turned 30 and will retire in exactly 35 years when you are 65.
• Your salary is $50,000 this year and you expect this to increase by 3% every year.
• You can choose to contribute either 3% or 8% of your salary into your KiwiSaver fund each year. https://www.kiwisaver.govt.nz/already/contributions/you/amount/
• Your employer must contribute 3% of your pay into your KiwiSaver fund each year. https://www.kiwisaver.govt.nz/already/contributions/employers/ You can ignore any tax implications and assume your account receives the full 3%. (KIWI SAVER ACC)
• You will be entitled to the annual member tax credit of $521.43 which will be credited into your KiwiSaver fund at the end of every year. https://www.kiwisaver.govt.nz/new/benefits/mtc/
• Your KiwiSaver fund will invest in a diversified portfolio of assets to earn a return on your investment. Of course, there is uncertainty around the actual annual rate of return that your fund will earn over the 35 years but you decide that 6% and 12% represent a good range of potential rates of return to conduct your analysis on.
• Regardless of the return earned, the manager of your KiwiSaver fund will charge a management fee of 1.0% at the end of each year, based on the opening balance of your fund each year.
• You will make no withdrawals or additional contributions (other than those mentioned above) to your fund until you retire in 35 years.
• For simplicity, assume that all contributions to your KiwiSaver fund are made once per year, at the end of the year. The first lot of contributions will be made in one year from today.
Construct a spreadsheet that will allow you to answer the following questions on Canvas.
It is calculated that your expected annual salary when you are 45 years old is $77,898
In: Finance
Exercise 1:
Write an XML document describing the exercises in this document: the root element is <exercises>. The root has an attribute number that has value 1. The root element has three child elements; <date> that contains as text the date of the exercise, and two <item> elements for the first two exercises (1--2). Write some text in the <item> elements.
Exercise 2:
Write an XML document describing a person: name, occupation, address and hobbies. Please do not use your own information, you can use fake data. Decide on suitable element names and nesting. Check your document for well-formedness.
Exercise 3:
Draw a tree that represents the XML document you created in task 2.
Exercise 4:
This is the books.xml file
<?xml version='1.0'?>
<!-- This file represents a fragment of a book store inventory
database -->
<bookstore>
<book genre="autobiography" publicationdate="1981" ISBN="1-861003-11-0">
<title>The Autobiography of Benjamin
Franklin</title>
<author>
<first-name>Benjamin</first-name>
<last-name>Franklin</last-name>
</author>
<price>8.99</price>
</book>
<book genre="novel" publicationdate="1967" ISBN="0-201-63361-2">
<title>The Confidence Man</title>
<author>
<first-name>Herman</first-name>
<last-name>Melville</last-name>
</author>
<price>11.99</price>
</book>
<book genre="philosophy" publicationdate="1991" ISBN="1-861001-57-6">
<title>The Gorgias</title>
<author>
<name>Plato</name>
</author>
<price>9.99</price>
</book>
</bookstore>
Using books.xml as a model, create a small xml file for a student's
program of study form called programOfStudy.xml. It should capture
the following data:
In: Computer Science
In: Computer Science
In: Computer Science
# Compare two Xml_ file in C# and extract the difference between them in other xml_file
Hi!
I have problem about xml_file, I need to compare between two xml_file with deferent values and I must extract the deference in a new xml file in C#, .Net, I need to write program(not Microsoft XmlDiff and Patch tools). If you can help me please!
Thank you!
Original file is the first one!
<root>
<data name="senChangePassword" xml:space="preserve">
<value>Hi</value>
<comment> Jessica</comment>
</data>
<data name="senChangesWereSuccessfullySaved" xml:space="preserve">
<value>save change.</value>
<comment> Jessica</comment>
</data>
<data name="senChangeUserSettings" xml:space="preserve">
<value>change data</value>
<comment> Jessica</comment>
</data>
<data name="senCompareWith" xml:space="preserve">
<value>Compare</value>
<comment>Jessica</comment>
</data>
<data name="senPasswordResetMailText" xml:space="preserve">
<value>Here projectportal.<br/><br/>[password]<br/><br/>go to projectportal: [link]<br/><br/>Thankyou<br/></br>[manager]</value>
<comment>09-2019</comment>
</data>
<data name="senCreatedQuestions" xml:space="preserve">
<value>Save</value>
<comment>Jessica</comment>
</data>
</root>
===========================================
The second xlm_file
<?xml version="1.0" encoding="UTF-8" ?>
<root>
<data name="senChangePassword" xml:space="preserve">
<value>Change Password</value>
<comment> Jessica</comment>
</data>
<data name="senChangeUserSettings" xml:space="preserve">
<value>Change data</value>
<comment>Jessica</comment>
</data>
<data name="senCompareWith" xml:space="preserve">
<value>Compare</value>
<comment> Jessica</comment>
</data>
<data name="senPasswordResetMailText" xml:space="preserve">
<value>Here you get a new password for the project portal.<br/><br/>[password]<br/><br/>Follow this link to the project portal: [link]<br/><br/>Sincerely<br/></br>[manager]</value>
<comment> 09-2019</comment>
</data>
<data name="senCreatedQuestions" xml:space="preserve">
<value>Created questions</value>
<comment> Jessica</comment>
</data>
</root>
======================================================
In: Computer Science