Questions
Foods’ (BF) balance sheet shows a total of $25 million long-term debt with a coupon rate...

Foods’ (BF) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. The yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. The balance sheet also shows that the company has 10 million shares of stock, and the stock has a book value per share of $5.00. The current stock price is $20.00 per share, and stockholders' required rate of return, rs, is 12.25%. The company recently decided that its target capital structure should have 35% debt, with the balance being common equity. The tax rate is 40%. Calculate WACCs based on book, market, and target capital structures, and then find the sum of these three WACCs.

In: Finance

Assume that you manage a risky portfolio with an expected rate of return of 17% and...

Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. Your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund.

QUESTION 12 What is the Sharpe ratio of your risky portfolio? A. 27% B. 37% C. 19.32% D. 62.9% E. 17.58% 4 points

QUESTION 13 What is the Sharpe ratio of your overall portfolio? A. 37% B. 27% C. 12.25 D. 10.67 E. 70%

In: Finance

def warmer_year(temps_then: List[int], temps_now: List[int]) -> List[str]: """Return a list of strings representing whether this year's...

def warmer_year(temps_then: List[int], temps_now: List[int]) -> List[str]:
"""Return a list of strings representing whether this year's
temperatures from temps_now are warmer than past temperatures
in temps_then. The resulting list should contain "Warmer" at the
indexes where this year's temperature is warmer, and "Not Warmer"
at the indexes where the past year was warmer, or there is a tie.

Precondition: len(temps_then) == len(temps_now)

>>> warmer_year([10], [11])
['Warmer']
>>> warmer_year([26, 27, 27, 28], [25, 28, 27, 30])
['Not Warmer', 'Warmer', 'Not Warmer', 'Warmer']
"""

## complete the function here

In: Computer Science

You are shown the following data. If the correlation coefficient between the combined portfolio of A+B...

  1. You are shown the following data. If the correlation coefficient between the combined portfolio of A+B and C is 0.2, what would happen to the overall volatility of the new portfolio if we invested 50% in A+B and the remaining 50% in C? You could potentially avoid computations.

Stocks

Volatility

%

Portfolio invested

Average Return

A and B

27

50

15

C

32

50

18

  1. Volatility will lie somewhere between 32% and 40%.
  2. Volatility will lie somewhere between 27% and 32%.
  3. Volatility will be below 27%.
  4. Volatility will be above 40%.
  5. Volatility will become zero.

In: Finance

Determine the total assets of kirby company at December 31,2017,Determine the net income that kirby company reported for December 2017

Presented below is selected information related to Kirby Company at December 31.Kirby reports financial information monthly

Particulars Amount$
Accounts payable 3,000
Cash 6,500
Advertising Expense 6,000
Service Revenue 53,500
Equipment 29,000
Salaries & Wages Expense 16,500
Notes payable 25,000
Rent Expense 10,500
Accounts Receivable 13,500
Owner's Drawings 7,500

(a) Determine the total assets of Kirby Company at December 31,2017

(b) Determine the net income that Kirby Company reported for December 2017

(c)Determine the Owner's equity of Kirby Company at December 31,2017

In: Accounting

23)Use the following data about a fixed coupon corporate bond to answer the following question. The...

23)Use the following data about a fixed coupon corporate bond to answer the following question. The yield to maturity of the bond is greater than 8% settlement 11/14/2016 maturity 11/14/2026 rate 10% price 101 redemption 100 frequency 2 basis 0

is it :True or False

26)

  1. Bank Asset Bond A Bank Liability L
    Settlement 6/27/2019 Settlement 6/27/2019
    Maturity 6/27/2029 Maturity 6/27/2022
    Rate 10% Rate 8%
    Yield 9% Yield 8%
    Redemption 100 Redemption 100
    frequency 2 frequency 2
    basis 0 basis 0
    price of bond price of bond
    The priice of the bank asset is between 105 and 107
    The price of the bank liability is 100
  2. it is :true or false

In: Finance

On April 15, 2021, fire damaged the office and warehouse of Marigold Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Marigold Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

MARIGOLD CORPORATION
MARCH 31, 2021

Cash

$19,160

Accounts receivable

42,070

Inventory, December 31, 2020

72,620

Land

35,640

Buildings

111,680

Accumulated depreciation

$41,997

Equipment

3,878

Accounts payable

21,638

Other accrued expenses

21,320

Common stock

103,700

Retained earnings

49,110

Sales revenue

121,800

Purchases

49,110

Miscellaneous expense

25,407

$359,565

$359,565


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,780: $5,144 paid to accounts payable as of March 31, $3,099 for April merchandise shipments, and $3,864 paid for other expenses. Deposits during the same period amounted to $11,660, which consisted of receipts on account from customers with the exception of a $872 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $15,155 for April merchandise shipments, including $2,326 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $43,470 at April 15, 2021. It was also estimated that customers owed another $7,970 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $657 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $495,930 $385,220
Net purchases 306,190 257,540
Beginning inventory 52,300 64,120
Ending inventory 72,620 52,300
6. Inventory with a cost of $7,070 was salvaged and sold for $3,160. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

WHISPERING CORPORATION
MARCH 31, 2021

Cash

$21,860

Accounts receivable

43,040

Inventory, December 31, 2020

77,390

Land

31,880

Buildings

118,120

Accumulated depreciation

$37,414

Equipment

3,738

Accounts payable

22,698

Other accrued expenses

35,483

Common stock

90,800

Retained earnings

56,770

Sales revenue

134,410

Purchases

56,770

Miscellaneous expense

24,777

$377,575

$377,575


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $498,340 $392,400
Net purchases 283,010 256,220
Beginning inventory 50,000 64,990
Ending inventory 77,390 50,000
6. Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Whispering Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

WHISPERING CORPORATION
MARCH 31, 2021

Cash

$21,860

Accounts receivable

43,040

Inventory, December 31, 2020

77,390

Land

31,880

Buildings

118,120

Accumulated depreciation

$37,414

Equipment

3,738

Accounts payable

22,698

Other accrued expenses

35,483

Common stock

90,800

Retained earnings

56,770

Sales revenue

134,410

Purchases

56,770

Miscellaneous expense

24,777

$377,575

$377,575


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $11,960: $5,734 paid to accounts payable as of March 31, $3,585 for April merchandise shipments, and $3,546 paid for other expenses. Deposits during the same period amounted to $13,442, which consisted of receipts on account from customers with the exception of a $859 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $16,393 for April merchandise shipments, including $2,454 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $44,440 at April 15, 2021. It was also estimated that customers owed another $7,790 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $578 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $498,340 $392,400
Net purchases 283,010 256,220
Beginning inventory 50,000 64,990
Ending inventory 77,390 50,000
6. Inventory with a cost of $7,340 was salvaged and sold for $3,810. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting

On April 15, 2021, fire damaged the office and warehouse of Pearl Corporation. The only accounting...

On April 15, 2021, fire damaged the office and warehouse of Pearl Corporation. The only accounting record saved was the general ledger, from which the balance sheet data below was prepared.

PEARL CORPORATION
MARCH 31, 2021

Cash

$18,820

Accounts receivable

37,970

Inventory, December 31, 2020

73,150

Land

35,110

Buildings

117,340

Accumulated depreciation

$38,686

Equipment

3,491

Accounts payable

25,266

Other accrued expenses

6,038

Common stock

107,500

Retained earnings

53,040

Sales revenue

137,170

Purchases

53,040

Miscellaneous expense

28,779

$367,700

$367,700


The following data and information have been gathered.

1. The fiscal year of the corporation ends on December 31.
2. An examination of the April bank statement and canceled checks revealed that checks written during the period April 1–15 totaled $13,350: $5,386 paid to accounts payable as of March 31, $3,185 for April merchandise shipments, and $4,163 paid for other expenses. Deposits during the same period amounted to $13,250, which consisted of receipts on account from customers with the exception of a $907 refund from a vendor for merchandise returned in April.
3. Correspondence with suppliers revealed unrecorded obligations at April 15 of $14,324 for April merchandise shipments, including $2,491 for shipments in transit (f.o.b. destination) on that date.
4. Customers acknowledged indebtedness of $43,060 at April 15, 2021. It was also estimated that customers owed another $8,560 that will never be acknowledged or recovered. Of the acknowledged indebtedness, $642 will probably be uncollectible.
5. The companies insuring the inventory agreed that the corporation’s fire-loss claim should be based on the assumption that the overall gross profit rate for the past 2 years was in effect during the current year. The corporation’s audited financial statements disclosed this information:

Year Ended
December 31

2020

2019

Net sales $565,870 $396,830
Net purchases 285,190 246,840
Beginning inventory 51,000 72,520
Ending inventory 73,150 51,000
6. Inventory with a cost of $7,420 was salvaged and sold for $3,500. The balance of the inventory was a total loss.


Compute the amount of inventory fire loss. (Round ratios for computational purposes to 2 decimal places, e.g 78.52% and final answer to 0 decimal places, e.g. 28,987.)

Inventory fire loss $

In: Accounting