Rentz Corporation is investigating the optimal level of current assets for the coming year. Management expects sales to increase to approximately $4 million as a result of an asset expansion presently being undertaken. Fixed assets total $2 million, and the firm plans to maintain a 60% debt-to-assets ratio. Rentz's interest rate is currently 9% on both short-term and long-term debt (which the firm uses in its permanent structure). Three alternatives regarding the projected current assets level are under consideration: (1) a restricted policy where current assets would be only 45% of projected sales, (2) a moderate policy where current assets would be 50% of sales, and (3) a relaxed policy where current assets would be 60% of sales. Earnings before interest and taxes should be 11% of total sales, and the federal-plus-state tax rate is 40%.
Restricted policy | % | |
Moderate policy | % | |
Relaxed policy | % |
In: Finance
i'm getting an infinite loop on this code: can you explain what I should do?
public class TriviaLinkedList {
private TriviaNode head;
private int items;
public TriviaLinkedList(TriviaNode head, int items) {
this.head = head;
this.items = items;
}
public TriviaNode getHead() {
return head;
}
public void setHead(TriviaNode head) {
this.head = head;
}
public int getItems() {
return items;
}
public void setItems(int items) {
this.items = items;
}
public String toString() {
return "head=" + head + ", items=" + items;
}
public void insertList(TriviaNode node){
if(head == null){
head = node;
}
else {
TriviaNode node1 = head;
head = node1;
head.next = node1;
}
this.items++;
}
public void deleteList(int id){
TriviaNode first = head;
TriviaNode second = head;
while(first!=null) {
if(first.getGame().getId() == id) {
if(first == head) {
head = first.next;
}
else if(first.next != null) {
second.next = first.next;
}
else {
second.next = null;
this.items--;
System.out.println("Game: "+id+" was deleted");
return;
}
second = first;
first = first.next;
}
System.out.println("Unfortunately Game: "+id+" was not found");
}
}
}
In: Computer Science
why pick propositions of fact on death penalty? (go against death penalty)
In: Psychology
10.1The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.2 million shares outstanding, is now (1/1/20) selling for $77.00 per share. The expected dividend at the end of the current year (12/31/20) is 60% of the 2019 EPS. Because investors expect past trends to continue, g may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.)
Year | EPS | Year | EPS | |
2010 | $3.90 | 2015 | $5.73 | |
2011 | 4.21 | 2016 | 6.19 | |
2012 | 4.55 | 2017 | 6.68 | |
2013 | 4.91 | 2018 | 7.22 | |
2014 | 5.31 | 2019 | 7.80 |
The current interest rate on new debt is 11%; Foust's marginal tax rate is 25%; and its target capital structure is 50% debt and 50% equity.
Calculate Foust's after-tax cost of debt. Round your answer to two decimal places.
%
Calculate Foust's cost of common equity. Calculate the cost of equity as rs = D1/P0 + g. Do not round intermediate calculations. Round your answer to two decimal places.
%
Find Foust's WACC. Do not round intermediate calculations. Round your answer to two decimal places.
%
In: Finance
Silver Lake Resort opened for business on July 1 with eight air-conditioned units. Its trial balance before adjustment on December 31 in as follows.
Silver Lake Resort, Inc. Unadjusted Trial Balance December 31,2014 |
||
Debit |
Credit |
|
Cash |
$ 19,600 |
|
Supplies |
3,300 |
|
Prepaid Insurance |
6,000 |
|
Land |
25,000 |
|
Buildings |
125,000 |
|
Equipment |
26,000 |
|
Accounts Payable |
$6,500 |
|
Unearned Rent Revenue |
7,400 |
|
Mortgage Payable |
80,000 |
|
Share Capital-Ordinary |
100,000 |
|
Dividends |
5,000 |
|
Rent Revenue |
80,000 |
|
Maintenance and Repairs Expense |
3,600 |
|
Salaries and Wages Expense |
51,000 |
|
Utilities Expense |
9,400 |
|
$273,900 |
$273,900 |
Other data for the adjustments (assuming no monthly adjustments before the fiscal year end):
Prepare adjusting journal entries for the following items.
Prepare the adjusted trial balance, income statement, statement of retained earnings, and balance sheet. (you may use a separate sheet)
In: Accounting
Deliveroo and TaskRabbit are smaller examples of:
A Platforms that have launched the sharing economy
B Platforms that disrupted vertically integrated mainframe industry.
C Platforms that disrupted the publishing industry
D None of the above
In: Operations Management
The theory of viscoelasticity is used to describe the behaviour
of materials in liquid phase.
a. Describe an industrial application where viscoelasticity
occurs.
b. Describe any two models of viscoelasticity
c. For each of the models, identify a real life engineering problem
where it is applied and describe this.
d. How can the knowledge be used in design applications for the
problem you identified
above.
e. What are the challenges in the use of the knowledge for solving
practical problems.
In: Mechanical Engineering
Construct a SPACE matrix for Ford Motor Company and explain each factor. Prepare tables and charts.
In: Operations Management
For this assignment, describe the legal issue(s), discuss the applicable rules of law, explain how to minimize any legal risks, list any additional facts that would help in making the decision, and resolve the dispute (who wins and why).
The Case
April 28, 2017: Northeast Financing Company sent a commitment letter to Cloister Dairy offering to loan Cloister $900,000 at 10.25 percent interest; the letter provided that acceptance must be in writing within seven days and must be accompanied by a $20,000 letter of credit or cashier’s check.
May 15, 2017: The president of Cloister Dairy sent a letter of acceptance to Northeast along with a check.
May 21. 2017: Northeast cashed the check, which went through standard company processing.
Northeast claims there is no contract. Is there a contract? What rules of law apply?
Is this contract required to be written to be enforceable? Explain.
In: Operations Management
Big Co. purchases shares of Little Co starting on 1/1/21. Little Co. has 100,000 shares of stock outstanding.
Relevant data shown below:
1/1/21: Purchased 5,000 shares at $18/share, plus $10 commission.
11/1/21: Little Co. paid common dividends totaling $10,000 12/31/21: Little Co. stock trading at $20/share
4/1/22: Purchased 6,000 shares at $21/share, plus $10 commission
11/1/22: Little Co. paid dividends totaling $10,000
12/31/22: Little Co stock trading at $19/share 3/1/23: Sold 1,000 shares of Little Co stock at $19.50/share, less $10 commission. Assume Big uses FIFO to account for their investment in these shares. Required: Prepare entries to record the preceding transactions, and answer the following questions.
Questions:
1. What is the total cost recorded as the "investment" on 1/1/21?
2. How much of an unrealized gain or loss is reported on the 2021 statement of comprehensive income ("xx,xxx gain" or "xx,xx loss")?
3. How much is received as dividends on 11/1/22?
4. What is the balance in the "investment in Little" account at 12/31/22?
5. What is our TOTAL unrealized gain or loss at 12/31/22? ("xx,xxx gain" or "xx,xxx loss")
6. How much of an unrealized gain or loss is reported on the 2022 statement of comprehensive income ("xx,xxx gain" or "xx,xxx loss")?
7. What was the gain or loss on sale of the shares on 3/1/23 ("xx,xxx gain" or "xx,xxx loss")?
In: Accounting
Question 1 Afariwa farm operates a large farm on which cow are raised. The farm manager Kofi Manu determined that for the cow to grow in the desired fashion, they need at least minimum amounts of four nutrients. Kofi Manu is considering three different grains to feed the cow. The table below lists the number of units of each nutrient in each kilogram of grain, the minimum daily requirements of each nutrient for each cow, and the cost of each grain. The manager believes that as long as a cow receives the minimum daily amount of each nutrient, it will be healthy and produce a standard amount of meat. The manager wants to raise the cow at minimum cost.
b) Use solver to find optimal solution and sensitivity report. c) Management have asked you to determine the optimal solution. Write your answer in a form of a report to be submitted to the management. (d) Advice the management about objective function value corresponding to your answer in (b). |
In: Computer Science
Research the System Stability Index (SSI). Write a brief summary of its purpose and why it might be a useful tool for a server admin.
Research the netstat command-line tool. Write a brief summary of its usage, options, and why it might be a useful tool for a server admin
In: Computer Science
In: Computer Science
Adamson Corporation is considering four average-risk projects with the following costs and rates of return:
The company estimates that it can issue debt at a rate of rd = 9%, and its tax rate is 25%. It can issue preferred stock that pays a constant dividend of $4.00 per year at $55.00 per share. Also, its common stock currently sells for $43.00 per share; the next expected dividend, D1, is $5.75; and the dividend is expected to grow at a constant rate of 4% per year. The target capital structure consists of 75% common stock, 15% debt, and 10% preferred stock.
|
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In: Finance
Summarize the action(s) taken by the FOMC as per its Press Release and the Decisions Regarding Monetary Policy Implementation on March 15th, 2020.
In: Finance