Balance Sheet Data

               Long-Term Debt               80,000,000

               Preferred Stock                20,000,000

               Common Equity                20,000,000

Number of shares of Common                 1,500,000                         Price per share Common             $42

Number of shares of Preferred                     150,000                               Price per share Preferred            $108

Number of 8% Coupon 25-year Bonds          40,000               Price of 8% 25-year Bonds   $1075

Number of 6% Coupon 15-year Bonds          40,200                           Price of 6% 15-year Bonds   $920

Forecasted Dividend on Common (D₁)             $3.30                           Dividend Rate on Preferred            9.5%

Par Value of Preferred                                           $100                                 Current 10-Year Treasury Yld.        4.3%

Standard Deviation of Stock                                   40%                              Correlation Stock vs. Market 0.50

Standard Deviation of Market                                15%                      Market Risk Premium                    5.0%

Risk Premium of our Stock over our 15-yr Bonds          3.9%        Forecasted Constant Growth             3.0%

Tax Rate                                                                       25%                        Flotation costs on Bonds               1.4%

Flotation costs on Preferred                                   2.4%

1. Calculate the appropriate weights to use for the financing sources. (Hint: Assume that the firm feels their current mix of long-term debt is good and would like to raise capital with the same mix of maturities)
2. Calculate the after-tax cost of debt (hint: You can account for the two bonds by taking a weighted average of their cost or by keeping them separate and putting both into the WACC formula at their individual weights). Note that there are flotation costs of 1.4% on bonds.
3. Calculate the cost of preferred. Note that there are flotation costs of 2.4% on preferred stock.
4. Calculate the cost of common (Hint: Use all three methods and take an average). Note that all common equity will come from internally generated equity (retained earnings) which means no new shares will be issued and no flotation costs incurred.
5. Calculate the WACC

Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:

The same raw material is used in all three products. Barlow Company has only 5,700 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $8 per pound.

Required:

1. Calculate the contribution margin per pound of the constraining resource for each product.

2. Assuming that Barlow has unlimited demand for each of its three products, what is the maximum contribution margin the company can earn when using the 5,700 pounds of raw material on hand?

3. Assuming that Barlow’s estimated customer demand is 500 units per product line, what is the maximum contribution margin the company can earn when using the 5,700 pounds of raw material on hand?

4. A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. Assuming Barlow’s estimated customer demand is 500 units per product line and that the company has used its 5,700 pounds of raw material in an optimal fashion, what is the highest price Barlow Company should be willing to pay for an additional pound of materials?

Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:

The same raw material is used in all three products. Barlow Company has only 6,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $8 per pound.

Required:

1. Calculate the contribution margin per pound of the constraining resource for each product.

2. Assuming that Barlow has unlimited demand for each of its three products, what is the maximum contribution margin the company can earn when using the 6,600 pounds of raw material on hand?

3. Assuming that Barlow’s estimated customer demand is 500 units per product line, what is the maximum contribution margin the company can earn when using the 6,600 pounds of raw material on hand?

4. A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. Assuming Barlow’s estimated customer demand is 500 units per product line and that the company has used its 6,600 pounds of raw material in an optimal fashion, what is the highest price Barlow Company should be willing to pay for an additional pound of materials?

Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:

The same raw material is used in all three products. Barlow Company has only 6,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $8 per pound.

Required:

1. Calculate the contribution margin per pound of the constraining resource for each product.

2. Assuming that Barlow has unlimited demand for each of its three products, what is the maximum contribution margin the company can earn when using the 6,600 pounds of raw material on hand?

3. Assuming that Barlow’s estimated customer demand is 500 units per product line, what is the maximum contribution margin the company can earn when using the 6,600 pounds of raw material on hand?

4. A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. Assuming Barlow’s estimated customer demand is 500 units per product line and that the company has used its 6,600 pounds of raw material in an optimal fashion, what is the highest price Barlow Company should be willing to pay for an additional pound of materials?

Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:

The same raw material is used in all three products. Barlow Company has only 6,000 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $8 per pound.

Required:

1. Calculate the contribution margin per pound of the constraining resource for each product.

2. Assuming that Barlow has unlimited demand for each of its three products, what is the maximum contribution margin the company can earn when using the 6,000 pounds of raw material on hand?

3. Assuming that Barlow’s estimated customer demand is 500 units per product line, what is the maximum contribution margin the company can earn when using the 6,000 pounds of raw material on hand?

4. A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. Assuming Barlow’s estimated customer demand is 500 units per product line and that the company has used its 6,000 pounds of raw material in an optimal fashion, what is the highest price Barlow Company should be willing to pay for an additional pound of materials?

19. Brand Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

Top of Form

$11.25

$12.19

$10.94

$13.93

20. Brand Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,100 units. The costs and percentage completion of these units in beginning inventory were:

A total of 8,500 units were started and 7,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.

What are the equivalent units for conversion costs for the month in the first processing department?

Multiple Choice

Top of Form

10,600

9,900

7,800

2,100

21. In June, one of the processing departments at Brand Corporation had ending work in process inventory of $12,500. During the month, $409,000 of costs were added to production and the cost of units transferred out from the department was $431,000.

In the department’s cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

Multiple Choice

Top of Form

$34,500

$418,500

$9,500

$396,500

22. The following materials standards have been established for a particular product:

The following data pertain to operations concerning the product for the last month:

What is the materials price variance for the month?

Multiple Choice

Top of Form

$5,558 U

$8,400 U

$8,700 U

$14,840 U

Q1 Explain why mycorrhiza are particularly important for P uptake. (>100)

Q2 Describe which mycorrhiza type improves organic N uptake. (>100)

Q3 Explain why in mycorrhizal plants compared to non-mycorrhizal plants, heavy metal concentration is often higher in roots but lower in shoots.(>100)

• Creates a 100-element array, either statically or dynamically
• Fills the array with random integers between 1 and 100 inclusive
• Then, creates two more 100-element arrays, one holding odd values and the other holding even values.
• Prints both of the new arrays to the console.

In C++. Thank you!

You build a transformer with 100 turns of wire on side 1, and 500 turns on side 2. A) If you put a voltage of 100 V (AC) on side 1, what voltage would you get on side 2? B) If you put a voltage of 100 V (AC) on side 1 with a current of 1 Amp (AC), what current would you get on side 2? C) If you put 100 V of DC voltage on side 1, what voltage would you get on side 2?