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Variable costs, fixed costs, and project risk. Solutions Bank Textbooks had sales and operating expenses of $1 million last year. If the firm had fixed costs of $300,000 on sales of 35,000 books, th
The annual maintenance costs are $810 for model A and $740 for model B. Assume that the opportunity cost of capital is 9 percent. Calculate EAC for both the models and choose which one should you bu
Three years from now it expects to pay a dividend of $2.50 and then $3.00 in the following two years. What is the present value of the dividends to be received over the next five years if the discou
Serengeti Corp. has five-year bonds outstanding that pay a coupon of 11.86 percent. If these bonds are priced at $1,075.57. Assume semiannual coupon payments.
Maryland Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 9.93 percent. The current market rate for similar securities is 10.79 percent.
On August 19, 2004 Google issued its IPO of 18.7 million shares to the initial investors at $82.42 per share. The closing price of the stock that same day was $98.08. What was the dollar value of th
When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first day was $24.10. The firm issued 5.30 million shares. What was t
The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities?
Joanna Handicrafts, Inc., has net sales of $4.47 million with 50 percent being credit sales. Its cost of goods sold is $2.68 million. The firm's cash conversion cycle is 36.6 days, and its operating
Telecraft Enterprises carries 46 days of inventory in its stores. Last year Telecraft reported net sales of $1,401,100 and had receivables of $303,600 at the end of the year. What is the operating c
Telecraft Enterprises carries 47 days of inventory in its stores. Last year Telecraft reported net sales of $1,408,900 and had receivables of $332,500 at the end of the year. What is the operating c
Joanna Handicrafts, Inc., has net sales of $3.29 million with 50 percent being credit sales. Its cost of goods sold is $1.97 million. The firm's cash conversion cycle is 56.9 days, and its operating
When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first day was $23.70. The firm issued 4.90 million shares. What was t
On August 19, 2004 Google issued its IPO of 19.2 million shares to the initial investors at $81.33 per share. The closing price of the stock that same day was $100.74. What was the dollar value of t
RBW corp has cash of 48000 short term note payable of 35000 accounts receivable of 120000, inventories of 200000, and accurals of 90000. what is RBW current ratio?
Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 9.09 percent. At what price will the bonds sell in the marketplace.
If investors in stocks of companies like Moriband require a rate of return of 17 percent, what should be the market price of Moriband stock?
Fresno Corp. is a fast-growing company that expects to grow at a rate of 21 percent over the next two years and then to slow to a growth rate of 16 percent for the following three years. If the last
Suppose the bond were to mature in 12 years. What will be the bond's price if rates in the market (i) decrease to 8.79 percent or (ii) increase to 12.79 percent.
If the equipment is sold at the end of its fourth year for $13,400, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent.
Fraser Corporation has announced that its net income for the year ended June 30, 2011, was $1,353,412. The company had EBITDA of $4,606,006, and its depreciation and amortization expense was equal t
Compute the cash flow invested in net working capital at Hillman Corporation during 2011.
It also repurchased stock in the open market for a total of $47,063. What is the net cash provided by financing activities?
What is the NPV for the two systems? (Enter negative amounts using negative sign, e.g. -45.25. Round answers to 2 decimal places, e.g. 15.25.)
Rockinghouse Corp. plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $402.35. Assuming annual coupon payments, what is the yield to maturity