{"id":112,"date":"2021-05-29T14:05:29","date_gmt":"2021-05-29T14:05:29","guid":{"rendered":"https:\/\/tutorsnest.com\/blog\/?p=112"},"modified":"2021-05-29T14:05:35","modified_gmt":"2021-05-29T14:05:35","slug":"top-10-best-essay-writing-and-homework-help-website-usa","status":"publish","type":"post","link":"https:\/\/tutorsnest.com\/blog\/top-10-best-essay-writing-and-homework-help-website-usa\/","title":{"rendered":"Cheap assignments help at tutorsnest.com"},"content":{"rendered":"\n

Interest Rates And Bond Valuation Case Worksheet<\/strong><\/p>\n\n\n\n

Name _______________<\/strong><\/p>\n\n\n\n

Assignment: Interest Rates and Bond Valuation Case<\/strong><\/p>\n\n\n\n

 Worksheet<\/strong><\/p>\n\n\n\n

Read the closing case \u201cFinancing East Coast Yachts\u2019 Expansion Plans with a Bond Issue\u201d in chapter 5 (see below)<\/strong> of textbook \u201cCorporate finance: Core principles & applications<\/em>. (4th ed.) by Ross, S., Westerfield, R., Jaffe, J., and Jordan, B. (2014), and answer the four questions posed on this sheet.  <\/p>\n\n\n\n

1.      You have been asked to prepare a memo describing the effects and advantages or disadvantages of each of the following bond features on the coupon rate of a 20-year bond:   <\/p>\n\n\n\n

        <\/em>a.     The security or collateral provided with the bond<\/p>\n\n\n\n

        <\/em>b.     The seniority of the bond<\/p>\n\n\n\n

        <\/em>c.     A sinking fund provision<\/p>\n\n\n\n

        <\/em>d.    A call provision<\/p>\n\n\n\n

        <\/em>e.     Any positive covenants<\/p>\n\n\n\n

        <\/em>f.     Any negative covenants<\/p>\n\n\n\n

g.     A conversion feature<\/p>\n\n\n\n

h.     A floating rate coupon<\/p>\n\n\n\n

The firm is also considering whether to issue coupon-bearing bonds or zero coupon bonds. The YTM in either case is expected to be 5.5% per annum. The coupon bond would have a 5.5% per annum coupon payable semiannually. The company\u2019s tax rate is 35%.   <\/p>\n\n\n\n

2. How many of the coupon bonds must East Coast Yachts issue to raise the $40,000,000? How many of the zeroes must it issue?<\/p>\n\n\n\n

3. In 20 years what will be the principal repayment due if East Coast Yachts issues the coupon bonds? If it issues the zeroes?<\/p>\n\n\n\n

4. After considering all the relevant factors, what would you recommend the firm do?<\/p>\n\n\n\n

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East Coast Yacht Case:<\/strong><\/p>\n\n\n\n

CLOSING CASE<\/p>\n\n\n\n

FINANCING EAST COAST YACHTS\u2019 EXPANSION PLANS WITH A BOND ISSUE<\/p>\n\n\n\n

After Dan\u2019s EFN analysis for East Coast Yachts, Larissa has decided to expand the company\u2019s operations. She has asked Dan to enlist an underwriter to help sell $45 million in new 30-year bonds to finance new construction. Dan has entered into discussions with Renata Harper, an underwriter from the firm of Crowe & Mallard, about which bond features East Coast Yachts should consider and also what coupon rate the issue will likely have. Although Dan is aware of bond features, he is uncertain as to the costs and benefits of some of them, so he isn\u2019t clear on how each feature would affect the coupon rate of the bond issue.<\/p>\n\n\n\n

  1. You are Renata\u2019s assistant, and she has asked you to prepare a memo to Dan describing the effect of each of the following bond features on the coupon rate of the bond. She would also like you to list any advantages or disadvantages of each feature.
    1. The security of the bond, that is, whether or not the bond has collateral.<\/li>
    2. The seniority of the bond.<\/li>
    3. The presence of a sinking fund.<\/li>
    4. A call provision with specified call dates and call prices.<\/li>
    5. A deferred call accompanying the above call provision.<\/li>
    6. A make-whole call provision.<\/li>
    7. Any positive covenants. Also, discuss several possible positive covenants East Coast Yachts might consider.<\/li>
    8. Any negative covenants. Also, discuss several possible negative covenants East Coast Yachts might consider.<\/li>
    9. A conversion feature (note that East Coast Yachts is not a publicly traded company).<\/li>
    10. A floating rate coupon.<\/li><\/ol><\/li><\/ol>\n\n\n\n

      Dan is also considering whether to issue coupon-bearing bonds or zero coupon bonds. The YTM on either bond issue will be 5.5 percent. The coupon bond would have a 5.5 percent coupon rate. The company\u2019s tax rate is 35 percent.<\/p>\n\n\n\n

      1. How many of the coupon bonds must East Coast Yachts issue to raise the $45 million? How many of the zeroes must it issue?<\/li>
      2. In 30 years, what will be the principal repayment due if East Coast Yachts issues the coupon bonds? What if it issues the zeroes?<\/li>
      3. What are the company\u2019s considerations in issuing a coupon bond compared to a zero coupon bond?<\/li>
      4. Suppose East Coast Yachts issues the coupon bonds with a make-whole call provision. The make-whole rcall rate is the Treasury rate plus .40 percent. If East Coast calls the bonds in seven years when the Treasury rate is 4.8 percent, what is the call price of the bond? What if it is 6.2 percent?<\/li>
      5. Are investors really made whole with a makre-whole call provision?<\/li>
      6. After considering all the relevant factors, would you recommend a zero coupon issue or a regular coupon issue? Why? Would you recommend an ordinary call feature or a make-whole call feature? Why?<\/li><\/ol>\n\n\n\n
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        Essay on Socrates<\/h1>\n\n\n\n

        The death of Socrates, to a large extent, occurred because the citizens of ancient Athens\u2019 were unable to distinguish clearly between Socrates and any old sophist; accordingly, a comparison of Socrates to the sophists will help one to avoid making the same mistake as that committed by those early members of the Western world. Why, then, is Socrates often mistaken as a sophist? In what ways is he different from them? In crafting one\u2019s response, one would do well to consider to what respective ends rhetoric is employed and why; nomadism versus fidelity to Athens; Aristophanes\u2019 portrayal of Socrates in The Clouds; Socrates\u2019 description of himself as a \u201cgadfly\u201d; Socrates\u2019 description of himself as a \u201cmidwife\u201d; Socrates\u2019 reason for confessing that he cannot teach knowledge and, accordingly, why he cannot accept payment; the sophists\u2019 reason for charging their students; and relativism and skepticism\/cynicism versus absolute knowledge, or Truth.<\/p>\n\n\n\n

        In response to the prompt, you are to select from one of the three prompt questions and compose an essay of no less than 750 words\u2014or, roughly, three full pages, double spaced, size 12 Times New Roman font, standard margins\u2014 and no more than 1,000 words (roughly four full pages), due no later than midnight (via ecampus) on Tuesday, October 8th. Late assignments will not be accepted without previous arrangements having been made prior to the deadline, and, as the syllabus clearly states, you must turn in all assignments in order to be eligible to pass the class. Your response must be thorough and well-written, with references to the text; to that end, I invite you to visit the \u2018Course Materials\u2019 tab in ecampus for resources that provide greater clarity regarding my expectations for what constitutes a strong paper, as well as the standards according to which I will evaluate your essay.<\/p>\n\n\n\n

        I highly recommend visiting the Writing Center (Medina Hall, Room 216\u2014inside the Learning Center) or submitting your drafts to our Online Writing Center at RLCWritingCenter@dcccd.edu; remember that providing proof that you visited the Writing Center to work with a tutor on your essay will automatically raise your grade by half a letter. For example, a paper that receives a B-, say, an 82, raises to a B, say, an 85, with a visit to the Writing Center. Of course, you are free to go multiple times to that excellent resource, but the extra credit stops after the first visit.<\/p>\n\n\n\n

        Lastly, I encourage you to use secondary sources, but be sure to cite them to a fault; if I catch a whiff of plagiarism, then you automatically fail the assignment and are subject to further disciplinary actions by the Dean of Liberal Arts.<\/p>\n\n\n\n

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        TAMUC Fin504 Exams WEEK 12 EXAM 35742<\/h1>\n\n\n\n

        Question<\/p>\n\n\n\n

        Question 1. Question : Rank in ascending order (lowest to highest) the relative risk associated with holding the preferred stock, common stock and bonds of a firm:<\/p>\n\n\n\n

        Student Answer: preferred stock, bonds, common stock<\/p>\n\n\n\n

        bonds, common stock, preferred stock<\/p>\n\n\n\n

        common stock, preferred stock, bonds<\/p>\n\n\n\n

        bonds, preferred stock, common stock<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 2. Question : The quality of a debenture depends on the<\/p>\n\n\n\n

        Student Answer: general credit-worthiness of the issuing company<\/p>\n\n\n\n

        value of the assets used as collateral<\/p>\n\n\n\n

        the coupon rate of the debenture<\/p>\n\n\n\n

        length of time to maturity<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 3. Question : An AT&T 5\u00bd05 bond with a current yield of 6.2% must be selling ____ its face value.<\/p>\n\n\n\n

        Student Answer: above<\/p>\n\n\n\n

        at<\/p>\n\n\n\n

        below<\/p>\n\n\n\n

        any of the above could be correct<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 4. Question : Up in Smoke Tobacco Shops\u2019 bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is the bond\u2019s yield to maturity if the bond is selling for $937.75 (rounded to the nearest whole percent)?<\/p>\n\n\n\n

        Student Answer: 8.0%<\/p>\n\n\n\n

        10.0%<\/p>\n\n\n\n

        9.0%<\/p>\n\n\n\n

        7.0%<\/p>\n\n\n\n

        Question 5. Question : Determine the yield to maturity to the nearest tenth of 1 percent of a zero coupon bond with 8 years to maturity that is currently selling for $404.<\/p>\n\n\n\n

        Student Answer: 11.3%<\/p>\n\n\n\n

        12.3%<\/p>\n\n\n\n

        11.7%<\/p>\n\n\n\n

        12.0%<\/p>\n\n\n\n

        Question 6. Question : What is the value of a Northern Pacific bond with an 11 percent coupon, maturing in 15 years? Assume the market rate for this bond is 14 percent and that the interest is paid semiannually.<\/p>\n\n\n\n

        Student Answer: $1,000<\/p>\n\n\n\n

        $790.74<\/p>\n\n\n\n

        $813.50<\/p>\n\n\n\n

        $853.30<\/p>\n\n\n\n

        3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 7. Question : What is the required rate of return to the investor who is willing to purchase a Duke Power preferred stock with a $8.70 dividend, a par value of $100, and a current market price of $87?<\/p>\n\n\n\n

        Student Answer: 10.7%<\/p>\n\n\n\n

        8.7%<\/p>\n\n\n\n

        9.4%<\/p>\n\n\n\n

        10.0%<\/p>\n\n\n\n

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        Question 8. Question : ICX Company has an issue of perpetual bonds (par value to $1,000) that pays 5% annual interest. Determine the yield (to the nearest tenth of 1 percent) if the bonds are currently selling for $625.<\/p>\n\n\n\n

        Student Answer: 5.0%<\/p>\n\n\n\n

        8.0%<\/p>\n\n\n\n

        3.1%<\/p>\n\n\n\n

        6.25%<\/p>\n\n\n\n

        Question 9. Question : Equipment trust certificates are used mainly by<\/p>\n\n\n\n

        Student Answer: equipment manufacturers<\/p>\n\n\n\n

        oil drilling companies<\/p>\n\n\n\n

        state governments<\/p>\n\n\n\n

        trucking companies<\/p>\n\n\n\n

        Question 10. Question : All of the following types of bonds are secured except<\/p>\n\n\n\n

        Student Answer: collateral trust<\/p>\n\n\n\n

        mortgage<\/p>\n\n\n\n

        debentures<\/p>\n\n\n\n

        equipment trust certificates<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 11. Question : The call feature is an advantage to the issuing firm<\/p>\n\n\n\n

        Student Answer: if the bond has a floating rate<\/p>\n\n\n\n

        if interest rates decline<\/p>\n\n\n\n

        if the bond has a low par value<\/p>\n\n\n\n

        if interest rates increase<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 12. Question : Which of the following is not a characteristic of common stock:<\/p>\n\n\n\n

        Student Answer: has no maturity date<\/p>\n\n\n\n

        considered a permanent form of long-term financing<\/p>\n\n\n\n

        has claims on assets prior to those of preferred stock<\/p>\n\n\n\n

        is a residual form of ownership<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 13. Question : Common stockholders have a number of general rights, including all of the following except:<\/p>\n\n\n\n

        Student Answer: voting rights<\/p>\n\n\n\n

        management rights<\/p>\n\n\n\n

        asset rights<\/p>\n\n\n\n

        dividend rights<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 14. Question : In a reverse stock split<\/p>\n\n\n\n

        Student Answer: the number of shares are decreased<\/p>\n\n\n\n

        the market value is decreased<\/p>\n\n\n\n

        retained earnings decrease<\/p>\n\n\n\n

        par value decreases<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 15. Question : When a stock is split 2 for 1, then the ____ figure on the firm\u2019s balance sheet is cut in half.<\/p>\n\n\n\n

        Student Answer: value of the common stock<\/p>\n\n\n\n

        par value<\/p>\n\n\n\n

        capital surplus<\/p>\n\n\n\n

        retained earnings<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

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        Question 16. Question : Keeping Pace Enterprises, makers of track and field equipment, has common stock that sells for $29, and its dividends are expected to grow at a rate of 9 percent annually. If investors in Pace require a return of 14%, what is the expected dividend next year?<\/p>\n\n\n\n

        Student Answer: $1.33<\/p>\n\n\n\n

        $2.40<\/p>\n\n\n\n

        $1.45<\/p>\n\n\n\n

        $1.60<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 17. Question : Chill Pill Pharmaceuticals is expecting a growth rate of 14% for the next two years due to its new drug. Thereafter it should level to an 8% growth rate. The last dividend paid was $.65 per share. What price should the stock sell for if investors require 12% return.<\/p>\n\n\n\n

        Student Answer: $18.14<\/p>\n\n\n\n

        $22.75<\/p>\n\n\n\n

        $19.47<\/p>\n\n\n\n

        $20.16<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 18. Question : Haulin\u2019 It Towing Company is selling a stock for $16. The stock just paid a dividend of $.60 and this dividend is expected to grow by 15% per year for three years. After that it will grow at a constant rate of 4%. The stock\u2019s beta is 1.7, the risk-free rate of interest is 1.75% and the market risk premium is 5.25%. Should you buy the stock? (Round to dollars and cents or two decimal points)<\/p>\n\n\n\n

        Hint: You need to use the CAPM to get cost of equity before you can solve for the price based on abnormal growth.<\/p>\n\n\n\n

        Student Answer: No, the stock is not a good value since it is only worth about $8.<\/p>\n\n\n\n

        No, the stock is not a good value since it is only worth about $12.<\/p>\n\n\n\n

        Yes, the stock is a good value since it should sell for about $25.<\/p>\n\n\n\n

        Yes, the stock is a good value since it should sell for about $18.<\/p>\n\n\n\n

        Question 19. Question : Beta is defined as:<\/p>\n\n\n\n

        Student Answer: a measure of volatility of a security\u2019s returns relative to the returns of a broad-based market portfolio of securities.<\/p>\n\n\n\n

        the ratio of the variance of market returns to the covariance of returns on a security with the market<\/p>\n\n\n\n

        the inverse of the slope of the security regression line<\/p>\n\n\n\n

        all of the above<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 20. Question : Kermit Industries current common stock dividend is $1.35 per share and the dividend is expected to grow at 6% per year into the foreseeable future. Currently the risk-free rate is 4.5% and the estimated market risk premium is 8.5%. Merrill Lynch has estimated KI\u2019s beta to be 1.10. Compute the expected price for KI\u2019s common stock.<\/p>\n\n\n\n

        Student Answer: $17.20<\/p>\n\n\n\n

        $10.33<\/p>\n\n\n\n

        $18.23<\/p>\n\n\n\n

        $49.35<\/p>\n\n\n\n

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        Question 21. Question : Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution to the rate of return on Phoenix stock one year from now:<\/p>\n\n\n\n

        Rate of Return Probability<\/p>\n\n\n\n

        -20% 0.25<\/p>\n\n\n\n

        0% 0.30<\/p>\n\n\n\n

        +20% 0.25<\/p>\n\n\n\n

        +40% 0.20<\/p>\n\n\n\n

        Assuming that Phoenix is not expected to pay any dividends during the coming year, determine the expected rate of return on Phoenix Stock.<\/p>\n\n\n\n

        Student Answer: 8%<\/p>\n\n\n\n

        0%<\/p>\n\n\n\n

        10%<\/p>\n\n\n\n

        40%<\/p>\n\n\n\n

        :<\/p>\n\n\n\n

        Question 22. Question : Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution to the rate of return on Phoenix stock one year from now:<\/p>\n\n\n\n

        Rate of Return Probability<\/p>\n\n\n\n

        -20% 0.25<\/p>\n\n\n\n

        0% 0.30<\/p>\n\n\n\n

        +20% 0.25<\/p>\n\n\n\n

        +40% 0.20<\/p>\n\n\n\n

        Assuming that Phoenix is not expected to pay any dividends during the coming year, determine the coefficient of variation for the rate of return on Phoenix stock.<\/p>\n\n\n\n

        Student Answer: 0.0<\/p>\n\n\n\n

        2.68<\/p>\n\n\n\n

        2.61<\/p>\n\n\n\n

        0.275<\/p>\n\n\n\n

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        Question 23. Question : Quick Start, Inc. is expected to pay a dividend of $1.05 next year and dividends are expected to continue their 7 percent annual growth rate. The SML has been estimated as follows:<\/p>\n\n\n\n

        kj = 0.08 + 0.064?j<\/p>\n\n\n\n

        If Quick Start has a beta of 1.1, what would happen to its stock price if inflation expectations went from the current 5 percent to 8 percent?<\/p>\n\n\n\n

        Hint: You need to compute two different values for Ke and that leads to two different values in the stock. Remember changes in inflationary expectations in chapter 8 and combine that with the equity valuation from chapter 7.<\/p>\n\n\n\n

        Student Answer: decrease $8.14<\/p>\n\n\n\n

        decrease $3.55<\/p>\n\n\n\n

        decrease $3.18<\/p>\n\n\n\n

        stock price will not change<\/p>\n\n\n\n

        Points Received: 3 of 3<\/p>\n\n\n\n

        Comments:<\/p>\n\n\n\n

        Question 24. Question : An investor, who believes the economy is slowing down, wishes to reduce the risk of her portfolio. She currently owns 12 securities, each with a market value of $3,000. The current beta of the portfolio is 1.21 and the beta of the riskiest security is 1.62. What will the portfolio beta be if the riskiest security is replaced with a security of equal market value but a beta of 0.80?<\/p>\n\n\n\n

        Student Answer: 1.14<\/p>\n\n\n\n

        1.18<\/p>\n\n\n\n

        1.05<\/p>\n\n\n\n

        1.10<\/p>\n\n\n\n

        Question 25. Question : Determine the (after-tax) percentage cost of a $50 million debt issue that the Mattingly Corporation is planning to place privately with a large insurance company. Assume that the company has a 40% marginal tax rate. This long-term debt issue will yield 12% to the insurance company.<\/p>\n\n\n\n

        Student Answer: 4.8%<\/p>\n\n\n\n

        7.2%<\/p>\n\n\n\n

        12.0%<\/p>\n\n\n\n

        10.6%<\/p>\n\n\n\n

        Question 26. Question : Calculate the after-tax cost of preferred stock for Ohio Valley Power Company, which is planning to sell $100 million of $3.25 cumulative preferred stock to the public at a price of $25 per share. Flotation costs are $1.00 per share. Ohio Valley has a marginal income tax rate of 40%.<\/p>\n\n\n\n

        Student Answer: 13.0%<\/p>\n\n\n\n

        7.8%<\/p>\n\n\n\n

        8.12%<\/p>\n\n\n\n

        13.54%<\/p>\n\n\n\n

        Question 27. Question : The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5% and the expected return on the stock market as a whole is 16%, determine the cost of equity capital for the firm (using the CAPM).<\/p>\n\n\n\n

        Student Answer: 14.1%<\/p>\n\n\n\n

        7.6%<\/p>\n\n\n\n

        6.5%<\/p>\n\n\n\n

        13.0%<\/p>\n\n\n\n

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        Question 28. Question : The following financial information is available on Rawls Manufacturing Company:<\/p>\n\n\n\n

        Current per share market price $48.00<\/p>\n\n\n\n

        Current (t = 0) per share dividend $3.50<\/p>\n\n\n\n

        Expected long-term growth rate 5.0%<\/p>\n\n\n\n

        Rawls can issue new common stock to net the company $44 per share. Determine the cost of internal equity capital using the dividend capitalization model approach. (Compute answer to the nearest 0.1%).<\/p>\n\n\n\n

        Student Answer: 12.3%<\/p>\n\n\n\n

        13.4%<\/p>\n\n\n\n

        13.0%<\/p>\n\n\n\n

        12.7%<\/p>\n\n\n\n

        Question 29. Question : Rank in ascending order (lowest to highest) investors\u2019 required rates of return on the various types of corporate securities.<\/p>\n\n\n\n

        Student Answer: preferred stock, corporate debt, common stock<\/p>\n\n\n\n

        common stock, preferred stock, corporate debt<\/p>\n\n\n\n

        preferred stock, common stock, corporate debt<\/p>\n\n\n\n

        corporate debt, preferred stock, common stock<\/p>\n\n\n\n

        Question 30. Question : A firm with a 40 percent marginal tax rate has a capital structure of $60,000,000 in debt and $140,000,000 in equity. What is the firm\u2019s weighted cost of capital if the marginal pretax cost of debt is 12 percent, the firm\u2019s average pretax cost of debt outstanding is 8%, and the cost of equity is 14.5 percent?<\/p>\n\n\n\n

        Student Answer: 13.75%<\/p>\n\n\n\n

        11.59%<\/p>\n\n\n\n

        12.31%<\/p>\n\n\n\n

        10.45%<\/p>\n\n\n\n

        Question 31. Question : Easy Slider Inc. sold a 15 year $1,000 face value bond with a 10 percent coupon rate. Interest is paid annually. After flotation costs, Easy Slider received $928 per bond. Compute the after-tax cost of debt for these bonds if the firm\u2019s marginal tax rate is 40 percent.<\/p>\n\n\n\n

        Student Answer: 6.0%<\/p>\n\n\n\n

        7.2%<\/p>\n\n\n\n

        7.8%<\/p>\n\n\n\n

        6.6%<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 32. Question : Wright Express(WE) has a capital structure of 30% debt and 70% equity. WE is considering a project that requires an investment of $2.6 million. To finance this project, WE plans to issue 10-year bonds with a coupon interest rate of 12%. Each of these bonds has a $1,000 face value and will be sold to net WE $980. If the current risk-free rate is 7% and the expected market return is 14.5%, what is the weighted cost of capital for WE? Assume WE has a beta of 1.20 and a marginal tax rate of 40%.<\/p>\n\n\n\n

        Student Answer: 14.9%<\/p>\n\n\n\n

        12.4%<\/p>\n\n\n\n

        13.4%<\/p>\n\n\n\n

        16.0%<\/p>\n\n\n\n

        Question 33. Question : Due to Flotation costs,<\/p>\n\n\n\n

        Student Answer: debt is the costliest source for a firm among all the components of cost of capital.<\/p>\n\n\n\n

        Cost of external common equity exceeds cost of retained earnings.<\/p>\n\n\n\n

        companies do not normally float any issues<\/p>\n\n\n\n

        dividends are paid on a monthly basis<\/p>\n\n\n\n

        Six Sigma approach for standardizing the discharge process<\/h1>\n\n\n\n

        You are the nurse leader on an obstetrics unit. You have been tasked to utilize a Six Sigma approach for standardizing the discharge process. Where do you start?<\/p>\n\n\n\n

        You are required to respond to the questions thoroughly, in 250 -to-300 words. Be sure to include at least three reference sources. APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed.<\/p>\n\n\n\n

        Production Costs<\/h1>\n\n\n\n

        Assignment Content<\/p>\n\n\n\n

        Purpose of Assignment<\/p>\n\n\n\n

        The materials covered this week distinguish between the different costing methods and provides needed tools for decision making. This case study focuses on determining equivalent units in a production business setting.<\/p>\n\n\n\n

        Resources<\/p>\n\n\n\n

        Production Costs Grading Guide<\/p>\n\n\n\n

        Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)<\/p>\n\n\n\n

        Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

         <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Assignment Steps<\/p>\n\n\n\n

        Scenario: Davis Skaros has recently been promoted to production manager. He has just started to receive various managerial reports, including the production cost report you prepared. It showed his department had 2,000 equivalent units in ending inventory. His department has had a history of not keeping enough inventory on hand to meet demand. He has come to you, very angry, and wants to know why you credited him with only 2,000 units when he knows he had at least twice that many on hand.<\/p>\n\n\n\n

        Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory. Using a professional tone, explain to him clearly why your report is accurate.<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n


        <\/a>Design Class Project\u2026<\/h1>\n\n\n\n

        So this for a design class. What i want is designing a road sign the applies to the terms and roles posted below  <\/p>\n\n\n\n

        Here are terms and mechanical specifications for the road sign project:<\/p>\n\n\n\n

        1.  11 x 17 no bleed
         2.  Use Illustrator or InDesign
         3.  Label should appear under each sign
         4.  Turn in print-ready PDF with trim\/crop marks

        Terms:

         1.  Native American Village
         2.  Ant Farm
         3.  Baseball Field
         4.  Checkers Area
         5.  Fortune Teller
         6.  Baseball Field
         7.  Red Light District
         8.  Botanical Gardens
         9.  Kite Flying Area
         10. Nuclear Power Plant
         11. Earthquake Fault Zone
         12. Paratrooper Landing
         13. (One sign of your own choice)<\/p>\n\n\n\n

        \"\"<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

         <\/h1>\n\n\n\n

        BUS 322 QUIZ 3<\/h1>\n\n\n\n

        Question 1 <\/strong><\/p>\n\n\n\n

        The expectancy theory of motivation focuses on:<\/p>\n\n\n\n

        individual needs.<\/p>\n\n\n\n

        social exchange processes.<\/p>\n\n\n\n

        personal perceptions.<\/p>\n\n\n\n

        learning.<\/p>\n\n\n\n

        Question 2 <\/strong><\/p>\n\n\n\n

        Frederick Taylor\u2019s scientific management advanced the idea that:<\/p>\n\n\n\n

        unfulfilled needs acted as   motivation.<\/p>\n\n\n\n

        the relationship of management and   labor should be one of cooperation rather than conflict.<\/p>\n\n\n\n

        money was not a motivator.<\/p>\n\n\n\n

        self-interest and economic gain are   motivators for the owners of production and not the employees of owners<\/p>\n\n\n\n

        Question 3 <\/strong><\/p>\n\n\n\n

        Persons who have a strong desire to influence others are high in the:<\/p>\n\n\n\n

        need for achievement.<\/p>\n\n\n\n

        need for affiliation.<\/p>\n\n\n\n

        need for safety.<\/p>\n\n\n\n

        need for power.<\/p>\n\n\n\n

        Question 4 <\/strong><\/p>\n\n\n\n

        The expectancy theory prediction that people work to maximize their personal outcomes is consistent with:<\/p>\n\n\n\n

        Adams\u2019 equity theory of social   exchange contributions\/inputs.<\/p>\n\n\n\n

        Adam Smith\u2019s ideas of working in   one\u2019s own self interest.<\/p>\n\n\n\n

        Maslow\u2019s hierarchy of need and the   progression hypothesis.<\/p>\n\n\n\n

        Herzberg\u2019s emphasis on pay and   hygiene factors.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 5 <\/strong><\/p>\n\n\n\n

        According to the Protestant ethic, a person should work hard because hard work and prosperity would lead to a place in heaven. The organizational scholar who advanced the Protestant Ethic notion was     .<\/p>\n\n\n\n

        John Calvin<\/p>\n\n\n\n

        Sigmund Freud<\/p>\n\n\n\n

        Adam Smith<\/p>\n\n\n\n

        Max Weber<\/p>\n\n\n\n

        Question 6 <\/strong><\/p>\n\n\n\n

        Modern management practices such as employee management recognition programs, flexible benefit packages, and stock ownership plans emphasize:<\/p>\n\n\n\n

        internal needs.<\/p>\n\n\n\n

        intrinsic motivation.<\/p>\n\n\n\n

        external incentives.<\/p>\n\n\n\n

        the principle of the psychodynamic   theory<\/p>\n\n\n\n

        Question 7 <\/strong><\/p>\n\n\n\n

        Adam Smith formulated the \u201cinvisible hand\u201d and the free market to explain the motivation for individual behavior. The \u201cinvisible hand\u201d refers to:<\/p>\n\n\n\n

        personal ethics in a free market   system.<\/p>\n\n\n\n

        unconscious motives.<\/p>\n\n\n\n

        internal needs.<\/p>\n\n\n\n

        unseen forces of a free market   system.<\/p>\n\n\n\n

        Question 8 <\/strong><\/p>\n\n\n\n

        The Thematic Apperception Test (TAT) is used to measure:<\/p>\n\n\n\n

        a person\u2019s tendency to not use   perception.<\/p>\n\n\n\n

        the achievement motive of an   individual.<\/p>\n\n\n\n

        the equity perceptions of an   individual.<\/p>\n\n\n\n

        cognitive themes of an individual.<\/p>\n\n\n\n

        Question 9 <\/strong><\/p>\n\n\n\n

        Which of the following is considered a motivating factor in Herzberg\u2019s two-factor theory?<\/p>\n\n\n\n

        Recognition<\/p>\n\n\n\n

        Fringe benefits<\/p>\n\n\n\n

        Supervision<\/p>\n\n\n\n

        Working conditions<\/p>\n\n\n\n

        Question 10 <\/strong><\/p>\n\n\n\n

        McGregor believed that Theory X assumptions were appropriate for:<\/p>\n\n\n\n

        individuals located at the top of the   organization.<\/p>\n\n\n\n

        employees located at the lower level   of the organization.<\/p>\n\n\n\n

        individuals motivated by lower order   needs.<\/p>\n\n\n\n

        individuals motivated by higher order   needs.<\/p>\n\n\n\n

        Question 11 <\/strong><\/p>\n\n\n\n

        The motivation theory that holds that employee motivation is determined by the belief that a valued outcome will result from effort is called the:<\/p>\n\n\n\n

        equity theory.<\/p>\n\n\n\n

        goal-setting theory.<\/p>\n\n\n\n

        expectancy theory.<\/p>\n\n\n\n

        two-factor theory.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 12 <\/strong><\/p>\n\n\n\n

        The proposition that a person\u2019s life was founded on the compulsion to work and the power of love is related to the:<\/p>\n\n\n\n

        Protestant ethic.<\/p>\n\n\n\n

        psychoanalytic approach.<\/p>\n\n\n\n

        process theories.<\/p>\n\n\n\n

        Calvinistic perspective on   motivation.<\/p>\n\n\n\n

        Question 13 <\/strong><\/p>\n\n\n\n

        Maslow\u2019s progression hypothesis states that:<\/p>\n\n\n\n

        as one level of need is satisfied, an   individual considers the next higher level of need as a source of motivation.<\/p>\n\n\n\n

        it is important to focus more on the   physical and economic needs of individuals than on their psychological and   interpersonal needs.<\/p>\n\n\n\n

        individuals will move up the   hierarchy of needs as well as down the hierarchy.<\/p>\n\n\n\n

        higher order needs are more important   than lower order needs.<\/p>\n\n\n\n

        Question 14 <\/strong><\/p>\n\n\n\n

        The process of arousing and sustaining goal-directed behavior is called:<\/p>\n\n\n\n

        energizing.<\/p>\n\n\n\n

        psychoanalysis.<\/p>\n\n\n\n

        motivation.<\/p>\n\n\n\n

        affiliation.<\/p>\n\n\n\n

        Question 15 <\/strong><\/p>\n\n\n\n

        The sets of needs related to the animalistic avoidance of pain and human desire for psychological growth form the basis for:<\/p>\n\n\n\n

        Theory X & Theory Y.<\/p>\n\n\n\n

        Maslow\u2019s hierarchy of needs.<\/p>\n\n\n\n

        McClelland\u2019s need theory.<\/p>\n\n\n\n

        Herzberg\u2019s two-factor theory.<\/p>\n\n\n\n

        Question 16 <\/strong><\/p>\n\n\n\n

        In the context of schedules of reinforcement, if a random number of responses must be emitted before reinforcement occurs, it is a ________ schedule.<\/p>\n\n\n\n

        fixed interval<\/p>\n\n\n\n

        fixed ratio<\/p>\n\n\n\n

        variable interval<\/p>\n\n\n\n

        variable ratio<\/p>\n\n\n\n

        Question 17 <\/strong><\/p>\n\n\n\n

        A form of operant conditioning that has been used successfully to shape organizational behavior is known as:<\/p>\n\n\n\n

        job enrichment.<\/p>\n\n\n\n

        organizational behavior development.<\/p>\n\n\n\n

        employee empowerment.<\/p>\n\n\n\n

        organizational behavior modification.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 18 <\/strong><\/p>\n\n\n\n

        As part of a performance appraisal, companies develop employees and enhance careers through:<\/p>\n\n\n\n

        electronic performance monitoring.<\/p>\n\n\n\n

        self-evaluation.<\/p>\n\n\n\n

        coaching and counseling.<\/p>\n\n\n\n

        empathetic listening.<\/p>\n\n\n\n

        Question 19 <\/strong><\/p>\n\n\n\n

        The process of modifying behavior so that a conditioned stimulus is paired with an unconditioned stimulus and elicits an unconditioned response is known as:<\/p>\n\n\n\n

        operant conditioning.<\/p>\n\n\n\n

        classical conditioning.<\/p>\n\n\n\n

        reinforcement.<\/p>\n\n\n\n

        learning.<\/p>\n\n\n\n

        Question 20 <\/strong><\/p>\n\n\n\n

        The strongest way for an employee to develop self-efficacy is to:<\/p>\n\n\n\n

        develop an internal locus of control.<\/p>\n\n\n\n

        develop a high degree of   self-monitoring.<\/p>\n\n\n\n

        use the extinction method.<\/p>\n\n\n\n

        succeed at a challenging task.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 21 <\/strong><\/p>\n\n\n\n

        The behaviorist approach to learning assumes that observable behavior is a function of:<\/p>\n\n\n\n

        both the person and the environment.<\/p>\n\n\n\n

        external cues.<\/p>\n\n\n\n

        its consequences.<\/p>\n\n\n\n

        the interaction between the affect   and cognitive components of an individual.<\/p>\n\n\n\n

        Question 22 <\/strong><\/p>\n\n\n\n

        The process of modifying behavior through the use of positive or negative consequences following specific behaviors is known as       .<\/p>\n\n\n\n

        classical conditioning<\/p>\n\n\n\n

        Pavlovian conditioning<\/p>\n\n\n\n

        Skinner\u2019s Integrated Model of   conditioning<\/p>\n\n\n\n

        operant conditioning<\/p>\n\n\n\n

        Question 23 <\/strong><\/p>\n\n\n\n

        All of the following are problems that contribute to the inaccuracy of performance appraisals except:<\/p>\n\n\n\n

        deficiency.<\/p>\n\n\n\n

        unreliability.<\/p>\n\n\n\n

        invalidity.<\/p>\n\n\n\n

        recording.<\/p>\n\n\n\n

        Question 24 <\/strong><\/p>\n\n\n\n

        Central to Bandura\u2019s social learning theory is the concept of ________.<\/p>\n\n\n\n

        self-monitoring<\/p>\n\n\n\n

        classical conditioning<\/p>\n\n\n\n

        task-specific self-efficacy<\/p>\n\n\n\n

        continuous reinforcement<\/p>\n\n\n\n

        Question 25 <\/strong><\/p>\n\n\n\n

        Management by objectives is a goal-setting and performance-planning program developed by ________.<\/p>\n\n\n\n

        Albert Bandura<\/p>\n\n\n\n

        B.F. Skinner<\/p>\n\n\n\n

        J. Willard Marriott<\/p>\n\n\n\n

        Peter Drucker<\/p>\n\n\n\n

        Question 26 <\/strong><\/p>\n\n\n\n

        An important intermediate step between goal acceptance and goal accomplishment is:<\/p>\n\n\n\n

        behavior\/reward contingencies.<\/p>\n\n\n\n

        goal clarity.<\/p>\n\n\n\n

        goal commitment.<\/p>\n\n\n\n

        goal specificity.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        Question 27 <\/strong><\/p>\n\n\n\n

        All of the following are generally considered to be good characteristics of work goals except:<\/p>\n\n\n\n

        specific.<\/p>\n\n\n\n

        time-bound.<\/p>\n\n\n\n

        measurable.<\/p>\n\n\n\n

        moderately difficult.<\/p>\n\n\n\n

        Question 28 <\/strong><\/p>\n\n\n\n

        An informational cue that indicates the degree to which a person behaves the same way in other situations is known as ________.<\/p>\n\n\n\n

        consistency<\/p>\n\n\n\n

        consensus<\/p>\n\n\n\n

        distinctiveness<\/p>\n\n\n\n

        inconsistency<\/p>\n\n\n\n

        Question 29 <\/strong><\/p>\n\n\n\n

        Intuitors, in terms of learning, prefer:<\/p>\n\n\n\n

        to search for practical applications.<\/p>\n\n\n\n

        interpersonal involvement.<\/p>\n\n\n\n

        specific, empirical data.<\/p>\n\n\n\n

        theoretical frameworks.<\/p>\n\n\n\n

        Question 30 <\/strong><\/p>\n\n\n\n

        In the animal learning research by Pavlov, the sound of the bell was the:<\/p>\n\n\n\n

        conditioned response.<\/p>\n\n\n\n

        unconditioned response.<\/p>\n\n\n\n

        conditioned stimulus.<\/p>\n\n\n\n

        unconditioned stimulus.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n


        <\/a>Cognitive dissonance of customer purchases<\/h1>\n\n\n\n

        iterature Review Requirements<\/p>\n\n\n\n

        \u2022The topic for this assignment:<\/p>\n\n\n\n

        The cognitive dissonance of customer purchases increases the likelihood of buyer\u2019s remorse. If cognitive dissonance is prevented, then buyer\u2019s remorse will not exist.<\/p>\n\n\n\n

        \u2022Select resources that will help support the reason for your study and for how you design your study. It<\/p>\n\n\n\n

        may be that the 10 references do not fit with the direction you end up pursuing. You can find other<\/p>\n\n\n\n

        references that are more applicable.<\/p>\n\n\n\n

        \u2022You can integrate research studies in your literature review in many different ways. You can organize<\/p>\n\n\n\n

        your paper by subtopics, pros\/cons, strengths\/weaknesses, advantages\/disadvantages, chronological, etc. The organization should make sense for your topic.<\/p>\n\n\n\n

        \u2022A high-quality paper involves integrating your references. In other words, you should not article stack,<\/p>\n\n\n\n

        where you summarize Study 1, then Study 2, etc.<\/p>\n\n\n\n

        \u2022It is a good idea to include how the study contributes to the body of literature on the topic (in other<\/p>\n\n\n\n

        words, why it is important), weaknesses or strengths of the study, and what future research is possible.<\/p>\n\n\n\n

        \u2022Citations must be provided throughout the paper. Ideas must be cited, as well as quotations.<\/p>\n\n\n\n

        \u2022Literature reviews are very similar to term papers.<\/p>\n\n\n\n

        \u2022This should be a minimum of 5 pages.<\/p>\n\n\n\n

        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Get Homework Help Now!<\/a><\/strong><\/strong><\/p>\n\n\n\n

        MT480<\/h1>\n\n\n\n

        Multiple Choice Question 49<\/h3>\n\n\n\n

        Cadmium Electronics Inc. currently has a capital structure that is 40% debt and 60% equity. If the firm\u2019s cost of equity is 12%, the cost of debt is 8%, and the risk-free rate is 3%, what is the appropriate WACC?<\/p>\n\n\n\n

        [removed]<\/td>9.2%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>8.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>9.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>10.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 50<\/h3>\n\n\n\n

        Gangland Water Guns, Inc. has a debt-to-equity ratio of 0.5. If the firm\u2019s cost of debt is 7% and its cost of equity is 13%, what is the appropriate WACC?<\/p>\n\n\n\n

        [removed]<\/td>9%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>10%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>11%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>None of the above.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 66<\/h3>\n\n\n\n

        The use of debt financing<\/p>\n\n\n\n

        [removed]<\/td>causes a manager to take on riskier projects in order to make interest payments.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>limits the ability of managers to waste stockholders\u2019 money.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>allows managers to make discretionary interest payments.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>is more expensive than issuing equity due to the use of covenants.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 69<\/h3>\n\n\n\n

        The use of debt financing<\/p>\n\n\n\n

        [removed]<\/td>increases agency costs between the stockholders and management by limiting the amount of risk the managers take.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>increases agency costs since managers prefer to keep more retained earnings rather than paying dividend.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>both increases agency costs between the stockholders and management by limiting the amount of risk the managers take and increases agency costs since managers prefer to keep more retained earnings rather than paying dividend. \"Get<\/a> Get Homework Help Now!<\/a><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>reduces agency costs between the stockholders and management by increasing the amount of risk the managers take.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 70<\/h3>\n\n\n\n

        The asset substitution problem occurs when<\/p>\n\n\n\n

        [removed]<\/td>managers substitute less risky assets for riskier ones to the detriment of equity holders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>managers substitute more risky assets for less risky ones to the detriment of bondholders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>managers substitute less risky assets for more risky ones to the detriment of bondholders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>managers substitute more risky assets for less risky ones to the detriment of equity holders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 72<\/h3>\n\n\n\n

        Packman Corporation has a reported EBIT of $500, which is expected to remain constant in perpetuity. The firm borrows $2,000, and its coupon rate is 8%. If the company\u2019s marginal tax rate is 30% and its average tax rate is 20%, what are its after-tax earnings?<\/p>\n\n\n\n

        [removed]<\/td>$238<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$272<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$259<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>None of the above<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 80<\/h3>\n\n\n\n

        Which of the following supports the trade-off theory of capital structure?<\/p>\n\n\n\n

        [removed]<\/td>Firms use cash on hand first, since issuing equity and debt is expensive.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>A firm\u2019s capital structure is the result of past equity and debt issuance decisions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>Firms have a target capital structure.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>Both firms use cash on hand first, since issuing equity and debt is expensive and a firm\u2019s capital structure is the result of past equity and debt issuance decisions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 39<\/h3>\n\n\n\n

        Which of the following statements is true of S-corporation?<\/p>\n\n\n\n

        [removed]<\/td>An S-corporation can have more than 100 stockholders.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>An S<\/em>-corporation is a variation of the LLC (limited liability company).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>All profits of an S-corporation pass directly to the stockholders as they would pass to the partners in a partnership.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>Only foreign investors can own the shares of an S-corporation.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 43<\/h3>\n\n\n\n

        Which of the following statements is true about business plans?<\/p>\n\n\n\n

        [removed]<\/td>A well-prepared business plan makes it easier for an entrepreneur to communicate to potential investors precisely what returns an investor might expect to receive.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>A well-prepared business plan always avoids contingent liabilities as the plan helps to predict and change the occurrence of a contingent liability.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>A business plan is useful only in case of exigency in the business environment otherwise a business plan is not important.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>A business plan is a trivial part in the overall strategy formulation and its impact on business operations in the long run is miniscule. \"Get<\/a> Get Homework Help Now!<\/a><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 49<\/h3>\n\n\n\n

        Which of the following statements is true of business valuation principle?<\/p>\n\n\n\n

        [removed]<\/td>The value of a business is solely affected by managers\u2019 financing decisions.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>As per first valuation principle, the value of business does not change over time.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>Estimating the fair market value of a business includes the value of synergies or the effects of any investor-specific management style.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>The fair market value of a business is the value of that business to a hypothetical person who is knowledgeable about the business.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 52<\/h3>\n\n\n\n

        When using the multiples analysis approach to valuing a business, one must be aware:<\/p>\n\n\n\n

        [removed]<\/td>of the presence of a marketability premium that can be sizable.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>of the adjusted book value of a business which is the cost of duplicating the assets of the business in their present form as of the valuation date.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>of the presence of a marketability discount that can be sizable.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>of the stock value of similar companies whose shares are not publicly traded.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 53<\/h3>\n\n\n\n

        The transaction approach is difficult to use because:<\/p>\n\n\n\n

        [removed]<\/td>transactions involving the purchase or sale of an entire business in an industry tend to occur frequently and hence the amount of data is immense.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>transactions data are typically as reliable as the data available for multiples analysis, especially when they are associated with a private firm.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>the terms of the transactions can be easy to assess.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>the terms of the transactions can be difficult to assess.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 54<\/h3>\n\n\n\n

        Which of the following statements about the free cash flow from the firm (FCFF) approach is true?<\/p>\n\n\n\n

        [removed]<\/td>The costs associated with noninterest-bearing current liabilities, which are included in the firm\u2019s cost of sales and other operating expenses, are added in the calculation of FCFF.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>We include the cash necessary to pay short-term liabilities that do not have interest charges associated with them, such as accounts payable and accrued expenses.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>The total value of the firm, VF, is computed as the present value of the FCFF, discounted by the firm\u2019s weighted average cost of capital,WACC.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>The present value of these cash flows exceeds the total value of the firm, or its enterprise value.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \"Get<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

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         <\/h3>\n\n\n\n

        Multiple Choice Question 61<\/h3>\n\n\n\n

        Sonicmony Soft, makes designer gold bracelets. Its annual costs include shop rent of $15,000, salaries for two jewelers of $125,000, design software costs of $12,000, and other overhead costs of $15,000. An average bracelet is priced at $6,500. It costs $2,200 in raw material, $1,500 in labor, and $400 in other expenses. What is the minimum number of bracelets that need to be sold to earn a profit? (Round to nearest whole unit.)<\/p>\n\n\n\n

        [removed]<\/td>18 bracelets<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>47 bracelets<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>70 bracelets<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>14 bracelets<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 66<\/h3>\n\n\n\n

        Settetocol, Inc., has cash of $12,000, receivables of $35,000, and inventory of $28,000. In addition, the firm has fixed assets of $120,000. Management has also told you that you can reasonably expect to collect 93 percent of the receivables, that the inventory could be sold to realize 84 percent of its book value, and that the sale of the property, plant, and equipment would yield $94,000. What is the liquidation value of this company? (Round to the nearest dollar.)<\/p>\n\n\n\n

        [removed]<\/td>$139,695<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$138,695<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$174,866<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$162,070<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

        Multiple Choice Question 69<\/h3>\n\n\n\n

        Cervil had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Cervil has an enterprise value\/EBITDA multiple of 5.40. What is the enterprise value of Cervil? (Round to the nearest million dollars.)<\/p>\n\n\n\n

        [removed]<\/td>$453 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$1,334 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$1,315 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        [removed]<\/td>$1,787 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \"https:\/\/essaysnest.net\/wp-content\/uploads\/2019\/10\/get-your-custom-paper-2.png\"\/<\/figure>\n\n\n\n

        <\/a><\/p>\n\n\n\n

        Place this order or similar order and get an amazing discount. USE Discount code \u201cGET20\u201d for 20% discount<\/h3>\n\n\n\n

        preparation of financial reports<\/strong><\/p>\n\n\n\n

        1.  <\/li><\/ol>\n\n\n\n

          Top of Form<\/p>\n\n\n\n

          urpose of Assignment <\/strong><\/p>\n\n\n\n

          This week\u2019s focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making.<\/p>\n\n\n\n

          \"Get<\/figure>\n\n\n\n

           <\/a><\/p>\n\n\n\n

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          Resources<\/strong><\/p>\n\n\n\n