AFN equation

Broussard Skateboard's sales are expected to increase by 20% from $7.0 million in 2016 to $8.40 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 55%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.
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Assume that an otherwise identical firm had $6 million in total assets at the end of 2016. The identical firm's capital intensity ratio (A₀*/S₀) is -Select-higher than? lower than? equal to? than Broussard's; therefore, the identical firm is -Select-less? more? the same? capital intensive - it would require -Select-a smaller? a larger? the same? increase in total assets to support the increase in sales.

Assume the following information for two stocks, A and B, and a risk-free asset.

(a) Suppose you have a portfolio with investment of $200 in stock A, $400 in stock B, and $400 in the risk-free asset. Compute the expected return and standard deviation of this portfolio.

(b) Consider a portfolio that consists of only stocks A and B (but not the risk-free asset). If the expected return of this portfolio is 8%, what is the amount invested in Stock A?

(c) Explain why investing in a portfolio with both Stocks A and B is more preferable than investing in either Stock A, or Stock B only. Provide TWO reasons.

(d) Suppose the market portfolio return is 8%. Draw the security market line (SML) on a graph with clear labels on X and Y axis. You must plot the values of the equation of the line on the axis.

(e) Determine where Stock A and Stock B lies on the graph of SML and whether they are correctly priced, underpriced or overpriced.

1. Hand encode the following Micro Blaze instructions, give your answer in hexadecimal

   a) Use ADDI to add the constant value $2AB3 from R6 and save the result to R7 b) Use the ADDC instruction to add the contents of registers R8 and R9, then save the sum in register R10 c) Use IMM and LWI to read a value from memory, starting with the base address $003B35A3, using an offset stored in R8, and having the value read into R9

Book: Operations and Supply Chain Management Jacobs & Chase 14e

11. Why are work measurement and time standards important for a firm? Are there any negatives to the implementation of these standards? Are there ways to achieve the same objectives without setting firm standards?

Which statement is FALSE?

Select one:

a. Diluted EPS is never higher than Basic EPS

b. Use of the "Treasury Stock Method" determines the effect of convertible bonds on Diluted EPS

c. Bond interest expense is the cash interest paid plus the discount amortized that period

d. Bond interest expense is the cash interest paid less the premium amortized that period

The CFO of a manufacturing firm is determining the capital budget. Currently the market value of the firm' equity and debt are $4 billion and $12 billion, respectively. The company’s debt trades with a yield to maturity of 8%, and its equity has an expected return of 14%. The firm’s marginal tax rate is 30%.

The projects that are under consideration have different risk and returns. The company estimates that low-risk projects have a cost of capital of 8% and high-risk projects have a cost of capital of 18%.

Project                  Expected Return                   Risk

A 16% High

B 12% Average

C 10% Low

D 9% Low

E 6% Low

(a) Compute the company’s weighted average cost of capital (WACC).

(b) The Finance Manager suggests to invest only in projects which expected rate of returns are higher than the firm’s WACC. Do you agree with the Finance Manager? Justify your answers with reference to the use of WACC.

(c) To maximize shareholder wealth, which of the projects should the CFO select to invest in? Evaluate each project separately and provide the justification.

The CFO of a manufacturing firm is determining the capital budget. Currently the market value of the firm' equity and debt are $8 billion and $10 billion, respectively. The company’s debt trades with a yield to maturity of 8%, and its equity has an expected return of 14%. The firm’s marginal tax rate is 30%.

The projects that are under consideration have different risk and returns. The company estimates that low-risk projects have a cost of capital of 8% and high-risk projects have a cost of capital of 14%.

Project                Expected Return                   Risk

A 15% High

B 13% Average

C 12% High

D 10% Low

E 7% Low

(a) Compute the company’s weighted average cost of capital (WACC).

(b) The Finance Manager suggests to invest in projects which expected rate of returns are higher than the firm’s WACC. Do you agree with the Finance Manager? Justify your answers with reference to the use of WACC.

(c) To maximize shareholder wealth, which of the projects should the CFO select to invest in? Evaluate each project separately and provide the justification.

imagine that you have information about how 20 nursing students and 20 psychology students felt about starting PSYC 3002 on Day 1 of this class. You want to know if nursing students and psychology students felt differently about embarking on the Introduction to Basic Statistics journey.

Explain whether you should retain or reject the null hypothesis and why.

data set

1. My strategy is to (hopefully) expand the number of stores and eventually franchise, while focusing on serving only high-quality fresh ingredients. What are three specific human resource management implications of my strategy (including specific policies and practices)?

2. 2. Identify and briefly discuss five specific human resource management errors that I’m currently making.

3. Develop a structured interview form that we can use for hiring store managers, wait staff, and counter people pizza makers.

4. Based on what you know about Angelo’s, and what you know from having visited pizza restaurants, and specifically how you think Angelo’s should go about selecting employees.

You’ve just hired a new sales rep for your Car Dealership, Graham’s AutoMart. Your job is to train the new person on how to sell cars. Describe each of the steps in personal selling process and how these steps would apply to selling cars so that your new employee will understand how to do their job.

Make a program to simulate the end of the world as we know, containing the following features: NEEDED IN C++.

The world population according to all sci-fi movies will perish up to a certain percentage, given global: (a) earthquakes 10%, (b) tsunamis 20%, (c) volcanoes 10%, (d) freezing temperature from sudden ice age 10%, (e) crashing meteorites 10%, (f) widely spread fires 10%, (g) hunger 10%, (h) zombies 10%, and (i) hurricanes 10%;1) Implement a classnamed World; Class Worldinherited the Class CRandom;

2) In the Class Worldcreate methods named EarthQuakes; Tsunamis; Volcanoes; IceAge; Meteorites; Fires; Hunger; Zombies; and Hurricanes; Those methods are used to return/inform the death toll (in numbers and percentage) caused according to the respective event uniform probability: e.g. tsunamis rangeLow is 0 and rangeHigh is 20%;

3) The methods created in the previous step (item 2), should use the inherited Class CRandomto obtain the expected random probability;

4) In the Class World create a method named TotalSurvivorsthat informs in percentage what is the final earth's population that survived the Apocalypse/armageddon, compared with its current population currently estimated as 7 Billion;

5) In the Class World create a method named NewWorldthat will print the message: “Happy Ending! Total number of Survivors is: .... ”, if there is no survivors, then print the message: “No Happy Ending! There are no survivors.”

The following are audit procedures from different transaction​ cycles:

1. Examine sales invoices for evidence of internal verification of​ prices, quantities, and extensions.

2. Select items from the​ client's perpetual inventory records and examine the items in the​ company's warehouse.

3. Use audit software to foot and​ cross-foot the cash disbursements journal and trace the balance to the general ledger.

4. Select a sample of entries in the acquisitions journal and trace each one to a related​ vendor's invoice to determine whether one exists.

5. Examine documentation for acquisition transactions before and after the balance sheet date to determine whether they are recorded in the proper period.

6. Inquire of the credit manager whether each account receivable on the aged trial balance is collectible.

7. Compute inventory turnover for each major product and compare with previous years.

8. Confirm a sample of notes payable​ balances, interest​ rates, and collateral with lenders.

9. Use audit software to foot the accounts receivable trial balance and compare the balance with the general ledger.

a. For each audit​ procedure, identify the transaction cycle being audited.

b. For each audit​ procedure, identify the type of evidence.

c. For each audit​ procedure, identify whether it is a test of control or a substantive test.

d. For each substantive audit​ procedure, identify whether it is a substantive test of​ transactions, a test of details of​ balances, or a substantive analytical procedure. ​(Select N/A for those items identified as only a TOC in requirement​ c.)

e. For each test of control or substantive test of transactions​ procedure, identify the​ transaction-related audit objective or objectives being satisfied. ​(Select N/A for those items identified as a TD of B or SAP in requirement​ d.)

f. For each substantive analytical procedure or test of details of balances​ procedure, identify the​ balance-related audit objective or objectives being satisfied. ​(Select N/A for those items identified as a ST of T in requirement​ d.)

Complete all answers boxes for each audit procedure in the table below. ​(Abbreviations used:​ A+P = Acquisition and​ payment, CA+R​ = Capital acquisition and​ repayment, I+W​ = Inventory and​ warehousing, P+P​ = Payroll and​ personnel, SAP​ = substantive analytical​ procedure, S+C​ = Sales and​ collections, ST of T​ = test of​ transactions, SUB​ = substantive​ test, TD of B​ = test of details of​ balance, TOC​ = test of​ control.)

Currently a three-year zero-coupon treasury bond is traded at a price of $70.38. The Treasury plans to issue a three-year annual coupon bond, with a coupon rate of 10%. The face value of all treasury annual coupon bonds is $100.

(a) What is the yield to maturity of the three-year zero-coupon bond?

(b) At what price should the three-year coupon bond be selling for?

(c) A bond analyst comments that without calculation, he can infer whether the bond will sell above its face value or not. How can he do this? Provide a brief explanation.

(d) If two bonds have the same term to maturity, the same yield to maturity, and the same level of risk, the bonds should sell for the same price." Do you agree that this is correct? Provide a brief explanation.

(e) Lily manages a bond portfolio with the following Treasury bonds:

• 3 year zero-coupon bonds
• 3 year 10% coupon bonds
• 10 year zero-coupon bonds
• 10 year 10% coupon bonds

She believes that market interest rates are going to increase over the next several months. Accordingly, she is suggested to do the following. Comment on each suggestion and make your recommendations to Lily (e.g., whether or not to adopt the suggestion).

1. Sell the 3 year zero coupon bonds and buy the 10 year zero coupon bonds
2. Buy the 10 year zero coupon bonds and sell the 10 year 10% coupon bonds

How many grams of dipotassium succinate trihydrate (K2C4H4O4�3H2O, MW = 248.32 g/mol) must be added to 530.0 mL of a 0.0449 M succinic acid solution to produce a pH of 5.835? Succinic acid has pKa values of 4.207 (pKa1) and 5.636 (pKa2).

A company has tool cribs where workmen draw parts. Two men have applied for the position of distributing parts to the workmen. George Fuller is fresh out of trade school and expects a $6 per hour salary. His average service time is 4 minutes. John Cox is a veteran who expects $12 per hour. His average service time is 2 minutes. A workman's time is figured at $10 per hour. Workmen arrive to draw parts at an average rate of 12 per hour.

a. What is the average waiting time a workman would spend in the system under each applicant?

b. Which applicant should be hired?