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 $20.00 per share, and stockholders' required rate of return, rs, is 12.25%. The company recently decided that its target capital structure should have 35% debt, with the balance being common equity. The tax rate is 40%. Calculate WACCs based on book, market, and target capital structures, and then find the sum of these three WACCs.
In: Finance
Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. Your client chooses to invest 70% of a portfolio in your fund and 30% in a T-bill money market fund.
QUESTION 12 What is the Sharpe ratio of your risky portfolio? A. 27% B. 37% C. 19.32% D. 62.9% E. 17.58% 4 points
QUESTION 13 What is the Sharpe ratio of your overall portfolio? A. 37% B. 27% C. 12.25 D. 10.67 E. 70%
In: Finance
def warmer_year(temps_then: List[int], temps_now: List[int])
-> List[str]:
"""Return a list of strings representing whether this year's
temperatures from temps_now are warmer than past temperatures
in temps_then. The resulting list should contain "Warmer" at
the
indexes where this year's temperature is warmer, and "Not
Warmer"
at the indexes where the past year was warmer, or there is a
tie.
Precondition: len(temps_then) == len(temps_now)
>>> warmer_year([10], [11])
['Warmer']
>>> warmer_year([26, 27, 27, 28], [25, 28, 27, 30])
['Not Warmer', 'Warmer', 'Not Warmer', 'Warmer']
"""
## complete the function here
In: Computer Science
|
Stocks |
Volatility |
% Portfolio invested |
Average Return |
|
A and B |
27 |
50 |
15 |
|
C |
32 |
50 |
18 |
In: Finance
Presented below is selected information related to Kirby Company at December 31.Kirby reports financial information monthly
| Particulars | Amount$ |
| 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 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)
| 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 | |||||
it is :true or false
In: Finance
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 |
||
|
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: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 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 record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
WHISPERING CORPORATION |
||
|
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: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 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 record saved was the
general ledger, from which the balance sheet data below was
prepared.
|
WHISPERING CORPORATION |
||
|
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: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 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 record saved was the general
ledger, from which the balance sheet data below was
prepared.
|
PEARL CORPORATION |
||
|
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: | |||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
| 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