Question 1
You asked: "1. (TCO 4) Which of the following is true regarding the evaluation of projects? (Points: 4) sunk costs should be included erosion effects should not be considered financing costs need to be included opportunity costs are relevant 2. (TCO 4) Which of the following investment ranking methods does not consider the time value of money? (Points: 4) net present value method payback method internal rate of return method all of these are time-adjusted methods 3. (TCO 3 and 4) The net present value is: (Points: 4) negative when a project's benefits exceed its costs. equal to the present value of an investment's benefits. equal to zero when the discount rate equals the IRR. negative when a project's IRR exceeds the required rate of return. the current measure of a project's cash inflows. 4. (TCO 3 and 4) What is the net present value of a project with the following cash flows, if the discount rate is 10 percent? (Points: 4) $1,085.25 $1,193.77 $3,498.28 $4,102.86 $4,513.15 5. (TCO 4) Leward Manufacturing is spending $115,000 to update its equipment. This is necessary if the firm wishes to be competitive in the marketplace and provide a wide array of product models. The company estimates that these updates will improve its cash inflows by $27,500 a year, for eight years. What is the payback period? (Points: 4) 4.18 years 5.82 years 6.62 years 7.79 years This project never pays back 6. (TCO 4) Ignoring the option to expand: (Points: 4) overestimates the internal rate of return on a project. ignores the possibility that a negative net present value project might be positive, given changes over time. ignores the possibility that one variable is the primary source of the forecasting risk associated with a project. underestimates the net present value of a project. 7. (TCO 4) ___________, occurs when a firm cannot raise financing for a project under any circumstances. (Points: 4) contingency planning. hard rationing. soft rationing. capital constraint. scenario analysis. 8. (TCO 4) ABC Cameras is considering an investment that will have a cost of $10,000 and the following cash flows: $6,000 in year 1, $4,000 in year 2 and $3,000 in year 3. Assume the cost of capital is 10%. Which of the following is true regarding this investment? (Points: 4) The net present value of the project is approximately $10,000 This project should be accepted because it has a positive net present value This project?s payback period is 10 years or more None of the above is true 9. (TCO 4) Assume Company X plans to invest $60,000 in industrial equipment. Using Tables 9.6 and 9.7 of your textbook (Page 277), which is the first year depreciation amount under MACRS? (Points: 4) $12,000 $8,574 $19,800 None of the above 10. (TCO 1 and 4) Assume a project has earnings before depreciation and taxes of $120,000, depreciation of $40,000, and that the firm has a 30 percent tax bracket. What are the after-tax cash flows for the project? (Points: 4) $56,000 $96,000 a loss of $21,000 none of these 11. (TCO 8) Which of the following factors will affect the expected rate of return on a security? (Points: 4) multiple states of the economy probability of occurrence for any one economic state market rate of return given a particular economic state all of the above will affect the expected rate of return 12. (TCO 8) Which statement is not true regarding risk? (Points: 4) the expected return is usually not the same as the actual return a key to assess risk is determining how much risk an investment adds to a portfolio some risks can not be decreased or mitigated by the financial manager. the higher the risk, the higher the return investors require for the investment all of the above are true statements 13. (TCO 8) The stock of Chocolate Galore is expected to produce the following returns, given the various states of the economy. What is the expected return on this stock? (Points: 4) 7.33 percent 9.82 percent 11.26 percent 11.33 percent 11.50 percent 14. (TCO 8) You own a portfolio that consists of $8,000 in stock A, $4,600 in stock B, $13,000 in stock C, and $5,500 in stock D. What is the portfolio weight of stock B? (Points: 4) 14.79 percent 15.91 percent 18.42 percent 19.07 percent 19.46 percent 15. (TCO 8) You currently own a portfolio valued at $24,000 that has a beta of 1.1. You have another $8,000 to invest, and would like to invest it in a manner such that the risk of the new portfolio matches that of the overall market. What does the beta of the new security have to be? (Points: 4) .46 .55 .61 .70 .90 1. (TCO 8) Company insiders cannot earn excess profits based on the knowledge they have related to their employer if the financial markets are: (Points: 4) weak form efficient. strong form efficient. semistrong form efficient. efficient at any level. aware that the trader is an insider. 2. (TCO 5) Royal Petroleum Co. can buy a piece of equipment that can be financed with debt at an after-tax cost of 8 percent and common equity at a cost of 20 percent. Assume debt and common equity each represent 50 percent of the firm's capital structure. What is the weighted average cost of capital? (Points: 4) between 4% and 10% between 11 and 12% between 12 and 13% exactly 14% more than 14% 3. (TCO 5, 6 and 7) An issue of common stock's most recent dividend is $3.75. Its growth rate is eight percent. What is its price if the market's rate of return is 16 percent? (Points: 4) $25.01 $46.88 $50.63 none of these 4. (TCO 5, 6 and 7) Which of the following is not true regarding the cost of debt? (Points: 4) It is the return that the firm?s creditors demand on new borrowing. It is the interest rate that the firm pays on current/existing borrowing. An appropriate method to compute the cost of debt is using the YTM of current bonds outstanding. It needs to be converted into an after-tax cost. 5. (TCO 5) Retained earnings has a cost associated with it because: (Points: 4) new funds must be raised. there is an opportunity cost associated with stockholder funds. Ke> g flotation costs increase the cost of funding. 6. (TCO 4) A project has the following cash flows. What is the internal rate of return? (Points: 4) less than 7% between 8 and 11% more than 13% exactly 15% 7. (TCO 5, 6 and 7) Which one of the following is a correct statement? (Points: 4) Current tax laws favor debt financing. A decrease in the dividend growth rate increases the cost of equity. An increase in the systematic risk of a firm will decrease the firm's cost of capital. A decrease in a firm's debt-equity ratio will usually decrease the firm's cost of capital. The cost of preferred stock decreases when the tax rate increases. 8. (TCO 5, 6 and 7) The six percent preferred stock of FKH Manufacturing is selling for $62 a share. What is the firm's cost of preferred stock, if the tax rate is 34 percent and the par value per share is $100? (Points: 4) 5.98% 7.06% 8.05% 9.68% 10.10% 9. (TCO 2) Which one of the following occurs if a firm files for Chapter 7 bankruptcy, but does not generally occur if the firm files for Chapter 11 bankruptcy? (Points: 4) a petition is filed in federal court administrative fees are incurred a list of creditors is compiled pre-bankruptcy shareholders tend to lose part, if not all, of their investment in the firm a trustee-in-bankruptcy is elected by the creditors 10. (TCO 5) Which of the following statements is false regarding the cost of capital? (Points: 4) The cost of capital should consider the flotation costs. All other being equal, it is preferable to use market value weights than book value weights. The WACC is the most appropriate discount rate for all projects. Should include the cost of retained earnings. 11. (TCO 2) Select any actions that do not affect the cash account. (Points: 4) Goods are sold cash An interest payment on a notes payable is made A payment due is received from a client Dividends are paid to shareholders Inventory is purchased and paid for with credit 12. (TCO 2) Which of the following statements is true? (Points: 4) The optimal credit policy minimizes the total cost of granting credit. Firms should avoid offering credit at all cost. An increase in a firm's average collection period generally indicates that an increased number of customers are taking advantage of the cash discount. Character, refers to the ability of a firm to meet its credit obligations out its operating cash flows. The optimal credit policy, is the policy that produces the largest amount of sales for a firm. 13. (TCO 2) Which one of the following industries is most apt to have the shortest cash cycle? (Points: 4) electric utility company airplane manufacturer fast-food restaurant furniture store clothing manufacturer 14. (TCO 2) Delphinia's has the following estimated quarterly sales for next year. The accounts receivable period is 30 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days. (Points: 4) $567 $600 $821 $1,134 $1,200 15. (TCO 1) Which of the following statements is true regarding the goal of financial management? (Points: 4) The goal of maximizing the value per share of existing stock is relevant to all organizations. The ultimate goal of financial management is maximizing earnings and profits. For a company considering international operations, the goal will be the same but the company will have to consider the local, social, economical, and political environment in the decision-making process. None of the above are true statements. 1. (TCO 1) Which of the these activities is a capital budgeting task? (Points: 4) determining the amount of cash needed on a daily basis to operate a firm . identifying assets that produce value in excess of the cost to acquire those assets establishing the inventory level establishing a new credit policy 2. (TCO 1) Book values are different from market values because: (Points: 4) Book values reflect the value of the asset based on generally-accepted accounting principles. Book values are used in the company?s balance sheet. Book values do not reflect the amount someone is willing to pay today for an asset. All of the above None of the above 3. (TCO 1) Use the following tax table to answer this question: McKenzie, Inc. earned $144,320 in taxable income for the year. What is the company?s approximate average tax rate? (Points: 4) 27% 29% 31% 33% 35% 4. (TCO 3) Regional Bank offers you an APR of 19 percent compounded semiannually, and Local Bank offers you an EAR of 20.10 percent for a new automobile loan. You should choose ______________ because its _______ is lower. (Points: 4) Regional Bank, APR Local Bank, EAR Regional Bank, EAR Local Bank, APR 5. (TCO 3) You deposited $11,000 in your bank account today. Which of the following will decrease the future value of your deposit, assuming that all interest is reinvested? Assume the interest rate is a positive value. Select all that apply: (Points: 4) a decrease in the interest rate increasing the initial amount of your deposit increasing the frequency of the interest payments decreasing the length of the investment period 6. (TCO 3) Thirteen years from now, you will be inheriting $30,000. What is this inheritance worth to you today, if you can earn four percent interest compounded annually? (Points: 4) $18,017.22 $20,741.87 $23,190.98 $26,359.88 $28,846.15 7. (TCO 3) The new home that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment? (Points: 4) $2,291.89 $2,809.10 $3,287.46 $3,412.67 $4,145.68 8. (TCO 3) Amy borrowed $5,000 from her bank three years ago. The loan term is five years. Each year, Amy must repay the bank $1,000 plus the annual interest. Which type of loan does Amy have? (Points: 4) amortized blended discount interest-only pure discount complex 9. (TCO 3) Fanta Cola has $1,000 par value bonds outstanding at 12 percent interest. The bonds mature in 25 years. What is the current price of the bond if the YTM is 13 percent? Assume annual payments. (Points: 4) $1078 $1085 $927 $1000 10. (TCO 6) The market where new securities are offered is called the _____ market. (Points: 4) primary main secondary principal dealer 11. (TCO 7) A taxpaying, levered firm's optimal capital structure: (Points: 4) is 100 percent equity financing. consists of equal amounts of debt and equity financing. is the mixture of debt and equity financing that minimizes the firm's aftertax cost of debt. is the mixture of debt and equity financing that minimizes the weighted average cost of capital. is 100 percent debt financing. 12. (TCO 3) What is the approximate yield to maturity for a seven-year bond that pays 11 percent interest on a $1000 face value annually if the bond sells for $952? (Points: 4) 10.5% 10.6% 11.5% 12.1% 13. (TCO 8) Which of the following is true regarding bonds? (Points: 4) Most bonds do not carry default risk. Municipal bonds are free of default risk. Bonds are not sensitive to changes in the interest rates. Moody?s and Standard and Poor?s provide information regarding a bond?s interest rate risk. None of the above is true 14. (TCO 8) Two years ago, MorningStar Company issued seven percent, 25-year bonds and Track, Inc. issued seven percent, 10-year bonds. Since their time of issue, interest rates have increased. Which of the following statements is true of each firm's bond prices in the market, assuming they have equal risk? (Points: 4) Track's decreased more than Morningstar's Morningstar's increased more than Track's Morningstar's decreased more than Track's They are both priced the same 15. (TCO 6) Star Industries has one bond issue outstanding. An indenture provision prohibits the firm from redeeming the bonds during the first two years. This provision is referred to as a _____ provision. (Points: 4) deferred call market liquidity debenture sinking fund 1. (TCO 6) Which of the following is true regarding put bonds? (Points: 4) Have coupons that depend on the company?s income Can be exchanged for a fixed number of shares before maturity only Can be exchanged for a fixed number of shares before maturity Allow the holder to require the issuer to buy the bond back 2. (TCO 6 and 7) Financial leverage deals with: (Points: 4) the relationship of fixed and variable costs. the percentage of debt in the capital structure. the entire income statement. the entire balance sheet. 3. (TCO 6) Company A has a bond outstanding with $90 annual interest payment, a market price of $820, and a maturity date in five years. Assume the par value to be $1,000. What is the bond?s yield to maturity? (Points: 4) 9% 14% 11% Cannot be determined None of the above 4. (TCO 2) Which one of the following practices will reduce a firm's collection float? (Points: 4) utilizing zero-balance accounts depositing checks weekly, rather than daily requiring all customers pay by check, rather than with cash installing a lockbox system paying all bills five days sooner 5. (TCO 2) ___________, is a system that minimizes inventory. (Points: 4) material requirements planning ABC approach just in time reorder points 6. (TCO 1) Provide three examples of recent well-known unethical behavior cases. Explain the situation in one or two paragraphs. How do you believe that this behavior affected the firm?s value? (Points: 10) 7. (TCO 4) What are sunk costs? Provide at least two real-life examples of sunk costs for a project. Should sunk costs be included as incremental cash flows? Why or why not? Explain your rationale. (Points: 10) 8. (TCO 8) What is the difference between systematic and unsystematic risk? Provide one example of each. Can both systematic and unsystematic risks be diversified? Why or why not? (Points: 10) 9. (TCO 2) What are some important elements of the collection policy? (Points: 10) 10. (TCO 6 and 7) How can you calculate the cost of debt? What methods can you use? Provide at least two examples. (Points: 10),Year 0 1 2 3 4 Cash Flow -$32,000 $9,000 $10,000 $15,200 $7,800,13) The stock of Chocolate Galore is expected to produce the following returns, given the various states of the economy. What is the expected return on this stock? Probability State of of Sate of Rate of Economy Economy Return Recession .02 -.06 Normal .88 .11 Boom .10 .17 6. (TCO 4) A project has the following cash flows. What is the internal rate of return? Year 0 1 2 3 Cash Flow $-443,600 $224,800 $224,800 $67,200 (Points: 4) less than 7% between 8 and 11% 14. (TCO 2) Delphinia's has the following estimated quarterly sales for next year. The accounts receivable period is 30 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days. Q1 Q2 Q3 Q4 Sales $1,800 $1,700 $2,100 $1,900 (Points: 4) $567 $600 $821 3. (TCO 1) Use the following tax table to answer this question: Taxable Income Tax Rate $0- $50,000 %15 $50,001- $75,000 %25 $75,001- $100,000 %34 $100,001- $335,000 %39 $335,001- $10,000,000 %34 McKenzie, Inc. earned $144,320 in taxable income for the year. What is the company?s approximate average tax rate? (Points: 4) 27% 29% 31% 33% 35%,Are you still online? I have more Questions for $20,I am typing the questions now. It's a third of what you just did.,After typing the question I've realized there is a lot. I'll offer the same 40$ for these.
Question 2
ADK Delivery is a small Co. that transports business packages between San Francisco and Los Angeles. It operates a fleet of small vans that moves pkgs to and from a central depot within each city and uses a common carrier to deliver the pkgs between the depots in the two cities. ADK recently acquired approximately $3 million of cash capital from its owners, and its president. Frank Hobb, is trying to identify the most profitable way to invest these funds. Travis Lard, the company?s operations mgr, believes that the money should be used to expand the fleet of city vans at a cost of $540,000. He argues that more vans would enable the company to expand its services into new markets, thereby increasing the revenue base. More specifically, he expects cash inflows to increase by $210,000 per year. The additional vans are expected to have an average useful life of four years and a combined salvage value of $75,000. Operating the vans will require additional working capital of $30,000, which will be recovered at the end of the fourth year. In contrast, Kay Osmond, the company?s chief accountant, believes that the funds should be used to purchase large trucks to deliver the pkgs between the depots in the two cities. The conversion process would produce continuing improvement in operating savings with reductions in cash outflows as the following. Yr 1 Yr2 Yr3 Yr4 $120,000 $240,000 $300,000 $330,000 The large trucks are expected to cost $600,000 and to have a four-year useful life and a $60,000 salvage value. In addition to the purchase price of the trucks, up-front training costs are expected to amount to $12,000. ADK Delivery?s management has established a 16% desired rate of return. Required: a. Determine the net present value of the two investment alternatives. b. Calculate the present value index for each alternative. c. Indicate which investment alternative you would recommend. Explain your choice.
Question 3
posted a question Nov 16, 2012 at 11:34am Q Ryan Ross (111-11-1111), Oscar Oleander (222-22-2222), Clark Carey (333-33-3333), and Kim Kardigan (444-44-4444) are equal members in ROCK the ages, LLC. ROCK serves as agents and managers for prominent musicians in the Los Angeles area. The LLC?s Federal ID number is 55-5555555. It uses the cash basis and the calendar year and began operations on January 1, 2000. Its current address is 6102 Wilshire Boulevard, Suite 2100, Los Angeles, CA 90036. ROCK was the force behind such music icons as Rhiannon and Ulster and has had a very profitable year. The following information was taken from the LLC?s income statement for the current year: Revenues: Fees and commissions $4,800,000 Taxable interest income from bank deposits 1,600 Tax-exempt interest 3,200 Gains and losses on stock sales 4,000 Total revenues $4,808,800 Expenses: Advertising and public relations $ 420,000 Charitable contributions 8,000 Section 179 expense 20,000 Employee salaries 1,200,000 Guaranteed payment, Ryan Ross, office manager 600,000 Guaranteed payment, other members 900,000 Entertainment, subject to 50% disallowance 48,000 Travel 120,000 Legal and accounting fees 108,000 Office rentals paid 86,000 Interest expense on operating line of credit 6,000 Insurance premiums 16,000 Office expense 60,000 Payroll taxes 96,000 Utilities 12,000 Total expenses $3,700,000 During the past couple of years, ROCK has taken advantage of bonus depreciation and section 179 deductions and fully remodeled the premises and upgraded its leasehold improvements. This year, ROCK wrapped up its remodel with the purchase of $20,000 of office furniture for which it will claim a section 179 deduction. (For simplicity, assume that ROCK uses the same cost recovery methods for both tax and financial purposes.) There is no depreciation adjustment for alternative minimum tax purposes. ROCK invests much of its excess cash in non-dividend-paying growth stocks, and tax-exempt securities. During the year, the LLC sold two securities. On June 15, 2011, ROCK purchased 1,000 shares of Tech, Inc. stock for $72,000; it sold those shares on December 15, 2011, for $60,000. On March 15, 2005, ROCK purchased 2,000 shares of BioLabs, Inc. stock for $104,000; it sold those shares for $120,000 on December 15, 2011. Net income per books is $1,108,800. The firm?s activities do not constitute ?qualified production activities? for purposes of the section 199 deduction. On January 1, 2011, the members? capital accounts equaled $160,000 each. No additional capital contributions were made in 2011. In addition to their guaranteed payments, each member withdrew $240,000 cash during the year. The LLC?s balance sheet as of December 31, 2011, is as follows: Beginning Ending Cash $ 340,000 ?? Tax-exempt securities 80,000 80,000 Marketable securities 420,000 600,000 Leasehold improvements, furniture, and equipment 820,000 840,000 Accumulated depreciation (820,000) (840,000) Total assets $ 840,000 ?? Operating line of credit $ 200,000 $ 160,000 Capital, Ross 160,000 ?? Capital, Oleander 160,000 ?? Capital, Carey 160,000 ?? Capital, Kardigan 160,000 ?? Total liabilities and capital $ 840,000 $ ?? Assume that all debt is shared equally by the members. Each member has personally guaranteed the debt of the LLC. None of the members, all of whom are U.S. citizens, sold any portion of their interests in ROCK during the year. All of the entity?s financial operations are concentrated in California. The LLC had no foreign bank accounts or operations and no interest in any U.S. or foreign trusts, corporations, or partnerships. The LLC is not publicly traded and is not a statutory tax shelter. The LLC is not subject to consolidated audit procedures. Ryan Ross is the tax matters partner. The business code for ?Agents and Managers for Artists, Athletes, Entertainers, and Other Public Figures? is 711410. ROCK is not a partner in any other partnership. The LLC?s form 1065 was prepared by Ryan Ross and sent to the Ogden, UT IRS Service Center. All members are active in LLC operations. a) Prepare form 1065, Schedule K, and relevant supporting schedules for ROCK the Ages, LLC, leaving blank any items where insufficient information has been provided. If you are using tax return preparation software, also prepare Form 4562 and Schedule D. (Note: You can assume that the answer to each ?yes/no? question on Form 1065, page 3 is ?no? unless otherwise discussed above.) b) Prepare Schedule K-1 for Ryan Ross, 15520 W. Earlson Street, Pacific Palisades, CA 90272 Download Attachment:
Question 4
I took off a lot. here is only 15 questions 1. (Points: 3) Which of the following is a characteristic of a corporation? a. A corporation has a limited life. b. The owners of a corporation have limited liability for the corporation's debts. c. The owners of a corporation have co-ownership of the property of the corporation. d. A corporation is not taxed on the corporation's business income. Save Answer 2. (Points: 3) Which of the following characteristics of a corporation exists because corporations pay taxes on corporate earnings? a. No mutual agency b. Separation of ownership and management c. Double taxation d. Transferability of ownership Save Answer 3. (Points: 3) Which of the following would be included in the entry to record the issuance of 5,000 shares of $10 par value common stock at $13 per share? a. Paid in capital in excess of par, common would be debited for $5,000. b. Common stock would be debited for $50,000. c. Cash would be debited for $65,000. d. Common stock would be credited for $65,000. Save Answer 4. (Points: 3) Which of the following is TRUE of retained earnings? a. Retained earnings are a liability on the corporate balance sheet. b. Retained earnings represent capital that the corporation has earned through profitable operations. c. Retained earnings represent investments by the stockholders of a corporation. d. Retained earnings do not appear on any financial statement. Save Answer 5. (Points: 3) The following information is from the balance sheet of Tudor Corporation as of December 31, 2010. Preferred stock, $100 par $ 500,000 Paid-in capital in excess of par - preferred 35,000 Common stock, $1 par 190,000 Paid-in capital in excess of par - common 380,000 Retained earnings 131,500 Total stockholders' equity $1,236,500 Preferred stock, $100 par What was the average issue price of the common stock shares? a. $1.00 b. The average price cannot be determined from the information given. c. $1.90 d. $3.00 Save Answer 6. (Points: 3) The following information is from the balance sheet of Tudor Corporation as of December 31, 2010. Preferred stock, $100 par $ 500,000 Paid-in capital in excess of par - preferred 35,000 Common stock, $1 par 190,000 Paid-in capital in excess of par - common 380,000 Retained earnings 131,500 Total stockholders' equity $1,236,500 What was the total paid-in capital as of December 31, 2010? a. $ 956,000 b. Total paid-in capital cannot be determined from the information given. c. $1,236,600 d. $1,105,000 Save Answer 7. (Points: 3) A corporation declares a dividend of $.75 per share on 12,500 shares of common stock. Which of the following would be included in the entry to record the declaration? a. Retained earnings would be credited for $9,375. b. Paid-in capital in excess of par-common would be credited for $9,375. c. Retained earnings would be debited for $9,375. d. Dividends payable would be debited for $9,375. Save Answer 8. (Points: 3) When companies "pass the dividend", the dividends are said to be: a. declared. b. in arrears. c. preferred. d. cumulative. Save Answer 9. (Points: 3) The following information is from the balance sheet of a corporation as of December 31, 2010. Preferred dividends are in arrears for the 2009 and 2010. Preferred stock, cumulative, 7%, $50 par, 6,000 shares issued What is the book value for the preferred stock? a. The book value is $50.00 per share. b. The book value is $53.50 per share. c. The book value is $51.00 per share. d. The book value is $62.00 per share. Save Answer 10. (Points: 3) Which of the following is the amount computed by the following formula? (Net income + interest expense. / Average total assets a. The amount computed from the formula is the rate of return on total assets. b. The amount computed from the formula is income tax expense. c. The amount computed from the formula is the rate of return on stockholders' equity. d. The amount computed from the formula is deferred taxes payable. Save Answer 11. (Points: 3) The following information is from the books of Eastern Corporation. Net income $170,000 Preferred dividends 24,000 Interest expense 17,500 Beginning of the year amounts: Total assets 900,000 Total liabilities 375,000 Total common stockholders' equity 395,000 End of the year amounts: Total assets 930,000 Total liabilities 405,000 Total common stockholders' equity 435,000 Which of the following is the return on assets for Eastern Corporation? a. 19.2% b. 17.5% c. 20.5% d. 16.8% Save Answer 12. (Points: 3) The following information is from the books of Eastern Corporation. Net income $170,000 Preferred dividends 24,000 Interest expense 17,500 Beginning of the year amounts: Total assets 900,000 Total liabilities 375,000 Total common stockholders' equity 395,000 End of the year amounts: Total assets 930,000 Total liabilities 405,000 Total common stockholders' equity 435,000 Which of the following is the return on equity for Eastern Corporation? a. 35.9% b. 33.4% c. 35.2% d. 30.3% Save Answer 13. (Points: 3) A corporation has an income tax rate of 35%, taxable income of $100,000, and income before income tax of $300,000. Which of the following would be included in the entry to record income tax expense? a. Income tax expense is debited for $70,000. b. Deferred tax liability is credited for $35,000. c. Income tax payable is credited for $35,000. d. Prepaid income tax is credited for $35,000. Save Answer 14. (Points: 3) A company issued 40,000 shares of $5 common stock at $8. The company has now issued a 5% stock dividend when the market price of the stock is $10 a share. What is the amount transferred from the Retained earnings account to the Paid-in capital accounts as a result of the stock dividend? a. $20,000 b. $45,000 c. $16,000 d. $10,000 Save Answer 15. (Points: 3) Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000 Paid in capital in excess of par - common 120,000 Retained earnings 290,000 Total stockholders' equity $610,000 What would be the total paid-in capital after a 10% common stock dividend? a. Total paid-in capital would be $320,000. b. Total paid-in capital would be $610,000. c. Total paid-in capital would be $366,000. d. Total paid-in capital would be $656,000. Save Answer
Question 5
Unit 4 Individual Project Deliverable Length: The body of the paper should be 6-8 pages Details: Over the past three weeks you have successfully navigated the marketing process. You have an understanding of your customer needs and the marketing environment through research. You have developed a marketing strategy and begun development of the marketing mix including your product or service, its price and how it will be made available to your target market. Now your promotional decisions can be made based on these other elements in order to communicate your position to your customers. Over the past three weeks you have developed most of the components of a marketing program for your product. Now it is time to add the last few sections. The final plan should include: Definition of marketing (U1 DB) Introduction of your product/service (U1 DB) Situation Analysis - marketing environment forces impacting your product/service (U1 IP) Marketing Strategy - target market(s) and positioning (U2 DB & U2 IP) Product/Service overview and strategies to consider (U3 DB) Pricing Strategy (U4 DB) Distribution Channels (U3 IP) You will now add the Abstract, Introduction, Conclusion, and the Integrated Marketing Communications Mix, including: Overview of integrated marketing communications Promotion Mix Strategy - explain if you will use a push or pull strategy or both and why Message Strategy - decide what general message will be communicated to your target market across all promotional tools Promotion Mix - choose at least three (3) promotional tools (advertising, sales promotion, personal selling, public relations or direct marketing). For each include: Why this promotional tool was chosen. Which forms of the promotional tool you will use and why (for example, in advertising you can use TV, radio, magazine, etc. and in direct marketing you can use direct mail, telemarketing, catalogs, etc.). Discussion of how your message strategy will be implemented using this promotional tool and the execution style. Your report MUST include a reference list. All research should be cited in the body of the paper. In-text citations and corresponding references should be included in your paper. For more information on APA, please visit the APA Lab. The paper should be written in third person; this means pronouns like ?I?, ?we?, and ?you? are not appropriate. The use of direct quotes is strongly discouraged. Your assignment should contain a cover page, an abstract page and a reference page in addition to the body. The body of the paper should be 6-8 pages in length - starting with a brief one paragraph introduction and ending with a short conclusion. The entire submission will be 9-13 pages in length. link of service and providing outline of paper: Security Consultants Group, INC. (n.d.). SCG, Inc. Retrieved on August 28, 2011 from: http://www.scgincorp.com/company_frame.htm,thank you again!!! :D,Thank you Rachel, Very well written and loads of information. Thank you.,Rachel, I just realize that I provided you with the link of the service that I have been reporting on and this paper has nothing to do with the service that I provided you with. And I am attaching the template for the paper. Thank you.,Ok, but the paper needs to be based off the link that I provided with the service that I am writinga about, the Security Service. As you did with my unit 3 paper. Same goes for the unit 4 paper. Thank you!,Three codes, I am a bit confused. This paper for unit four is due today. Unit3 paper and Unit 4 paper are from the same service, the security group site. Unit 5 was great, b/c that wasn't dealing with the service I was reporting about. So, I don't know what else to do.,its too late..... you already had unit 3 information you help answer the question. what do i need to get my money back on this assignment?,its too late..... you already had unit 3 information you help answer the question. what do i need to get my money back on this assignment?
