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Harmony Company has current sales of $940,000. It has excess capacity in its assets in amount of 22%. How much can Harmony Company grow to in sales without adding more assets?
You covered short sale by buying stock at price of $15 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1?
The bond has a coupon rate of 5.30 percent paid annually and matures in 15 years. What is the yield to maturity of this bond?
Fisk corporation is trying to improve its inventory control system and has installed online computer at its retail stores. What is the economic ordering quanity?
What is the maximum dollar amount you are willing to bid for the right to mine the Norden copper? (i.e., what is the fair market value of the right to mine the copper?)
Please discuss why shareholder wealth is important. Why does finance focus on cash flows not net profits?
If the last interest payment was made 3 months ago and the coupon rate is 2%, the invoice price of the bond will be _________.
The stock has just paid a dividend of $1.50 per share. Angeln pays dividends annually and dividends are widely expected to grow at constant rate of 3% forever. Angeln's cost of equity is 8%. Compute
Which core principle(s) could you use to explain why credit card issuers charge such high rates of interest?
A family trust fund on her 55th birthday, which she will also put into retirement account. What amount must she deposit annually now to be able to make the desired withdrawals at retirement?
Interest rates are currently 6% but you believe the Fed is about to increase interest rates by 100 basis points. Your predicted price change on this bond is ________.
If he can earn 10 percent EAR before he retires and 7 percent EAR after he retires, how much will he have to save each month in years 11 through 30?
Plot a graph of Microsoft's expected rate of return on the Microsoft security market line. Using a fundamental analysis, analyze Microsoft's stock.
What are the components of working capital management; which are under the control of a firms management, and which does management have little if any control over?
Accounts payable $235,000; and accruals $155,000. Use percent-of-sales method to forecast accruals for the fiscal year ending 2002.
Which depreciation method would produce higher NPV, and how much higher would it be? Why might Wendy's boss prefer straight-line depreciation?
If manufacturer hold patent on this machine, who is likely to benefit most from it. Describe? Who will benefit most from this machine if technology underlying the machine is not proprietary. Describe?
40% are credit sales paid in month after the sale, and another 40% are credit sales paid 2 months after sale, find the expected cash receipts for March?
The firm has aftertax cost of debt of 4.3 percent and cost of equity of 8.6 percent. What debt-equity ratio is required for firm to achieve their targeted weighted average cost of capital?
Aqua Pure purchases 50,000 gallons of distilled water each year. Ordering costs are $100 per order, and the carrying cost, as a percentage of inventory value, is 80 percent.
O'reilly Moving Company has a $1,000 par value convertible bond outstanding that can be converted into 25 shares of common stock. Find the conversion premium?
CT Computers, Inc. is considering whether to begin offering customers the option to have their old personal computers recycled when they purchase new systems.
Jemison's CFO estimates that the distribution center will need additional net working capital equal to 20% of new EBIT. Assuming the firm faces a 30% tax rate, calculate the project's annual project
Find the current price of the A) bonds with 3 years to maturity B) bonds with 10 years maturity? Describe relationship between number of years until bond matures and it price.
Create an equally weighted portfolio of five computer software stocks. Is such a portfolio a diversified portfolio? What is the beta of the portfolio? What is the expected return of the portfolio?