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Board Bagels, a small cafe in downtown Pittsburgh, had a net sales of $230,000 for the most recent fiscal year, 65% of which were eaten up by its costs.
Whaling Boats reports the following account balances: inventory of $16,200, equipment of $36,200, accounts payable of $16,250, cash of $11,200, and accounts receivable of $12,400.
Girard Inc. had sales of $1,120,000 last year on fixed assets of $270,000. However, Girard's fixed assets were being used at only 90% of capacity. What is Girard's current fixed assets turnover ratio?
Evaluate the effect of each of the factors listed below by itself and place a check next to each factor that is likely to increase a firm's need for external capital.
Based on the corporate valuation model, Bernile Inc.'s value of operations is $750 million. Its balance sheet shows $50 million of short-term investments that are unrelated to operations,
An 12 year annual payment corporate bond has a market price of $925. It pays annual interest of $60 and its required rate of return is 7%. By how much is the bond mispriced?
Mr. Jim owns 1,500 shares of stock in Company X. Company X's 18,750 shares outstanding are publicly traded and come with a pre-emptive right. They are currently trading at $27 a share.
The Fed allowed non-bank financial institutions to borrow money from the discount window during the mortgage crisis and even allowed non-banks to swap mortgages for Treasury securities.
The KPMM Accounting firm purchased 10 laser toner cartridges for $60 each for a total of $600 on June 1 and recorded the purchase as an asset. On June 30, an inventory of the toner cartridges indicate
A stock has the same level of systematic risk as the market. The stock has an expected return of 14%. The risk free rate is 5%. Calculate the market risk premium.
The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600.
Earnings per share for 2010 had been 22.8 pence, and Andrew Osborne expects this to increase to 25 pence per share for 2011. He states that this increase in earnings per share is in line with market e
At December 31, Amy Jo's Appliances had adjusted account balances in accounts receivable of $311,000 and $970 (debit) in the allowance for uncollectible accounts.
ACME Company's fiscal year ends on December 31. At the end of the first quarter on March 31, ACME owes $40,000 on a vehicle loan that matures in three years.
Suppose that oil prices hit an all time high of $100 a barrel, driving U.S. inflation up to 7% per year. At the same time, increasing foreign competition has generated unacceptably high levels of unem
Identify what type of adjusting entry prepaid expense, unearned revenue, accrued expense, accrued revenue is needed in each situation, at December 31, 2008.
The pure expectations theory of the term structure states that borrowers generally prefer to borrow on a long-term basis while savers generally prefer to lend on a short-term basis, and that as a resu
I have difficulties finding some information to start up my own resturant, my competitor is Vapanio Restaurant and I'm starting up a similar business in VA.
What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objec
Develop a set of family circumstances where each of term insurance and whole life insurance are the most appropriate type of policy to meet the consumer's needs.
What is the value today of a stock that will pay a dividend of $1.00 one year from now, a $1.50 dividend in year two and a dividend of $2.00 three years from now if its expected price in year three is
A scholarship provider has $500,000 which she will invest today to fund a scholarship forever. She expects to earn 8% on her money each year. If she wants to begin paying out the scholarship starting
Based on Coca Cola, compute the company's daily stock returns over the past year. The null hypothesis is that the stock's daily return over the past year is equal to 0 percent. The alternative hypothe
Three stocks have share prices of $12, $75, and $30 with total market values of $400 million, $350 million and $150 million respectively. If you were to construct a price-weighted index of the three s
Young Company lends Dobson Industries $30,000 on January 1, 2010, accepting a 9-month, 12% interest note. If Dobson dishonors the note and does not pay it in full at maturity but Young expects that it