A manager is holding a portfolio: Stock Amount Invested Beta 1 300,000 .6 2 300,000 1.0 3 500,000 1.4 4 500,000 1.8 The risk free rate is 6% and the portfolio's required rate of return is 12.5%. The manager would like to
Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be consumed by the health care org. patients, at a cost of $1,350,000. The total overhe
Les Fleurs, a boutique in Paris, France, had the following accounts in its accounting records at December 31, 20X2 (amounts in Euros, denoted as "E") Purchases..................... E250,000 Freight In.................. E8,000 Sales discounts............. 4,000 Purchase returns........ 7,000 Inventory Sales.......
Why would an auditor use non-statistical sampling as opposed to statistical sampling?
I have already done this assignment but want to check what I have with what you get to make sure that I am fully understanding this. Thank you so much for your help!! P3-2A (Which consists of the following) Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance befo
The Florida Investment Fund buys 90 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest. The yield to maturity (market rate interest) is 10 percent. The bonds a 25-year maturity Using assumption semiannual interest payments: (a) Compute the price of a a bond. (b) Compute the total value of 90
It is clear that mathematical concepts are used in the financial aspect of a business. Consider this and other areas in which math may be used in a business. List a specific example or job which may use mathematical concepts.
Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $10,000 cash in the business in exchange for common stock. 3 Purchased used car for $4,000 cash for use in business. 9 Purchased supplies on account for $500. 11 Billed customers $1,800 for
Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet of Mendez Company to balance. Below is a balance sheet but it is not correct and needs to be fixed. harmony harris: MENDEZ COMPANY Balance Sheet December 31, 2008 Assets Liabilities Cash $15,000 Accounts payable $20,000 Supplies
The following information relates to Linda Stanley Co. for the year 2008. Retained earnings, January 1, 2008 $ 48,000 Advertising expense $ 1,800 Dividends during 2008 6,000 Rent expense 10,400 Service revenue 62,500 Utilities expense 3,100 Salaries expense 30,000 Instructions After analyzing the data, prepare an income st
There are two stocks, stock A and stock B. The price of stock A today is $70. The price of stock A next year will be $50 if the economy is in recession, $80 if the economy is normal and $95 if the economy is expanding. The attendant probabilities of recession, normal times, and expansion are 0.2, 0.6, 0.2, respectively. Stock A
Following are selected accounts and their balances for a company after the adjustments as of May 31, the end of its fiscal year. (All accounts have normal balances.) J. Mark, Capital J. Mark, Withdrawals
Exercise Description Solutions or Answer here Find the mean of the following set of numbers. 7, 10, 9, 13, 6 A) 9 B) 10 C) 8 D) 9.2 A) Use the table, showing the yearly food costs of a family, below this table to answer questions 2a and 2b: A) In what year was the cost of food the greatest? B) What
In the space provided, classify each as it would be reported on a balance sheet. Use the following code: A -----Asset L -----Liability SE ------ stockholders' equity _____1. Accounts Payable _____2. Accounts Receivable _____3. Buildings _____4. Cash _____5. Contributed Capital _____6. Land _____7. Merchandise Inv
Here is the info I have for the problem I need to solve: You have two investment opportunities. One will have a 10% rate of return on an investment of $500; the other will have an 11% rate of return on a principal of $700. You would like to take an advantage of the higher yield investment but have only $500 available.
Smith Company reported the following current-year data for its only product: Jan. 1 Beginning Inventory 200 Units @ $10 $2,000 Mar. 14 Purchase 350 Units @ $15 5,250 Jul. 30 Purchase 4 50 Un
Evaluate each (separate) inventory error and determine whether it overstates or understates each item. Inventory Error Cost of Goods Sold Net Income Understates beginning inventory Understates ending inventory Overstates beginning inventory Overstates
Rockness Recycling refurbishes rundown business students. The process uses a moving belt, which carries each student through the five-step process in sequence. The steps are as follows: Step Description Time Required per Student 1 Unpack and place on belt 1.0 minutes 2 Remove off bad habits 1.0 minutes 3 Scrub and clean
Please provide input / answers to the question below. 1. Suppose you have 2 nickels, 3 dimes, and 8 quarters in your pocket. If you draw a coin randomly from your pocket, what is the probability that a. You will draw a dime? b. You will draw a nickel? c. You will draw a quarter? 2. You are rolling a pair of
The return an investor earns on a bond over a period of time is known as the holding period return, defined as interest income plus or minus the change in the bond's price, all , all divided by the beginning bond price. A. What is the holding period return on a bond with a par value of $1,000 and a coupon rate of 6 percent o
II. You are working for an investment firm and have been asked to analyze and explain investments to your boss and clients who do not understand the various aspects of your job. You are working with the analysis of stocks, bonds and mutual funds. The following questions are examples of some of the analysis type problems that you
Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction. What was the dollar cost of this fee?
The company will provide fresh cookies to starving students late at night. You need to evaluate the preliminary design for the company's production process. Business Concept Your idea is to bake fresh cookies to order, using any combination of ingredients that the buyer wants. The cookies will be ready for pick-up at you
1. If I bought 400 shares of AllTell stock for $15 per share and one year later, sold the stock for $21 per share, and receive a $0.90 cash dividend: a.What is the total dollar return earned for the year? b.What is the rate of return (percentage) earned? 2. If Michelle purchased 100 shares of Home Depot common stock at
Please apply quantitative methods for the following case. A pharmaceutical company conducted a study to evaluate the effect of an allergy relief medicine. 250 patients with symptoms that included itchy eyes and a skin rash received the new drug. The results of the study are as follows: 80 of the patients treated experien
APPENDIX... Use to calculate ratios Income Statement 2007 Sales 3,000 Cost of Goods (1,350) Sell,Admin,Gen'l Expenses (1,050) Interest Expense (150) Profit Before Tax 450 Tax (180) Profit after Tax 270 Bal
If a 22 year (Sam) invested $4,000/year into a Roth IRA until his 30th year, what will the value of that IRA be in the 65th year, assuming 8% per year? If his brother (Winston) waited until his 31 year to start investing $4,000 into his Roth IRA and continued making this $4,000 annual investment until he was 65 - who would have
The company is "Ties for U" and my boss wants to estimate profits for next year(2008) and then determine the percentage growth from 2007 to 2008. Some assumptions: - The marketing folk expect the total market for ties in 2008 to be 10 million ties. - The expect "Ties for U" to capture 20% of the market next year.(how many t
Given the following information, [TABLE] Calculate: A. Retained Earnings Breakpoint: ________________________ B. Assume the firm goes to raise $250 Mil, what is the weighted average cost of capital: _____________________ C. Assume the firm goes to raise $500 Mil, what is the weighted average cost of capital:
1 year ago I purchased 150 shares of common stock for $30 per share. During the year I noticed that the value of the stock decreased to $22.50 per share. If the stock paid a dividend of $0.80 during the year, what is the return on the investment? Please provide me step by step instructions on how to solve this problem.