Mathematics Academic Essay

Mathematics Which of the following cannot be engaged in managing the business? Question 1 options: a limited partner a general partner a sole proprietor none of these Question 2 (1 point) One reason for the existence of agency problems between managers and share holders is that: Question 2 options: managers know how to manage the firm better than shareholders. there is a separation of ownership and control of the firm. shareholders have unreasonable expectations about managerial performance. none of these. Question 3 (1 point) On June 23, 2008, Mikhal Cosmetics sold $250,000 worth of its products to Rynex Corporation, with the payment to be made in 90 days on September 20. The goods were shipped to Rynex on July 2. The firms accountants should recognize the sale on Question 3 options: June 23, 2008. July 2, 2008. September 20, 2008. none of the above Question 4 (1 point) During the last year, Sigma Co had Net Income of $159, paid $15 in dividends, and sold new stock for $34. Beginning equity for the year was $610. Ending equity was Your Answer: Question 5 (1 point) The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $43,200 Common stock 15,000 Cash 8,000 Inventory 22,400 Bad debt reserve 6,000 Paid in excess 6,000 Accumulated depreciation 28,700 Accounts receivable 22,000 Your Answer: Question 6 (1 point) Brighton Corp. bought an oil rig exactly 6 years ago for $106,000,000. Brighton depreciates oil rigs straight line over 10 years assuming no salvage value. The rig was just sold to British Petroleum for $26,000,000. What Capital Gain/Loss will Brighton report on this transaction? Your Answer: Question 7 (1 point) Walker Corporation conducted the following activities during 2001: (1) they sold 10,000 shares of their own stock for $19.00 per share; (2) they issued bonds for which they received $495,000; (3) they paid dividends to their stockholders totaling $81,000; (4) they sold a piece of equipment for $50,000 that they were carrying on their books for $20,000; (5) they earned net income of $140,000. What would be shown on the Statement of Cash Flows for Cash from financing activities based on the information above? Your Answer: Question 8 (1 point) Given the following selected information on Cicaleses Chocolate, Inc., calculate Cash Flow from Operating Activities for 2001. Last Year This Year EAT $ 600,000 $ 720,000 Depreciation Exp. 100,000 140,000 Dividends 400,000 550,000 Accounts Receivable 1,500,000 2,000,000 Inventory 3,500,000 2,000,000 Accts. Payable/Accr. 350,000 500,000 Long-Term Debt 2,300,000 3,000,000 Common Stock 2,200,000 2,500,000 Retained Earnings 6,150,000 6,350,000 Your Answer: Question 9 (1 point) Cameron Balance Sheet Accounts Payable 25 Accounts Receivable 64 Accruals 27 Accumulated Depreciation (175) Cash 30 Common Stock 120 Fixed Assets (gross) 390 Inventory 134 Long-Term Debt 200 Retained Earnings 65 What is Cameron Inc.s Net Working Capital? Your Answer: Question 10 (1 point) A firms current ratio is 1.1, and its quick ratio is 1.0. If its current liabilities are $13,100, what are its inventories? Your Answer: Question 11 (1 point) Iris Income Statement Cost of Goods Sold 320 Depreciation Expense 35 Interest Expense 20 Operating Expense (excluding depreciation) 115 Sales 790 What was Iris Inc.s earnings before interest and taxes (EBIT)? Your Answer: Question 12 (1 point) Iris Balance Sheet Accounts Payable 35 Accounts Receivable 54 Accruals 30 Accumulated Depreciation (175) Cash 33 Common Stock 120 Fixed Assets (gross) 390 Inventory 135 Long-Term Debt 200 Retained Earnings 65 What is Iris Inc.s Total Assets? Your Answer: Question 13 (1 point) If firm A has a higher debt-to-equity ratio than firm B, then Question 13 options: firm A has a lower equity multiplier than firm B. firm B has lower financial leverage than firm A. firm B has a lower equity multiplier than firm A. none of the above Question 14 (1 point) Flying Tigers, Inc., has net sales of $793,000 and accounts receivables of $150,000. What is the firms accounts receivables turnover? Your Answer: Question 15 (1 point) Reagan Corp. has reported a net income of $828,600 for the year. The companys share price is $13.26, and the company has 304,600 shares outstanding. Compute the firms price-earnings ratio. Your Answer: Question 16 (1 point) You purchased a piece of property for $30,000 nine years ago and sold it today for $83,190. What was the annual rate of return on your investment? Question 16 options: 9% 10% 11% 12% Question 17 (1 point) The First National Bank has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging you? Question 17 options: 13% 12% 11% 10% Question 18 (1 point) The Florida lottery agrees to pay the winner $271,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.09? Your Answer: Question 19 (1 point) What is the future value of $1,500, placed in a saving account for four years if the account pays 0.07, compounded quarterly? Your Answer: Question 20 (1 point) Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually, what is the value of the fund today? Your Answer: Question 21 (1 point) If you were to borrow $8,800 over five years at 0.12 compounded monthly, what would be your monthly payment? Your Answer: Question 22 (1 point) Your uncle promises to give you $700 per quarter for the next five years. How much is his promise worth right now if the interest rate is 0.09 compounded quarterly? Your Answer: Question 23 (1 point) A stock has an expected return of 0.08 and a variance of 0.23. What is Its coefficient of variation? Your Answer: Question 24 (1 point) Use the following information to calculate your companys expected return. State Probability Return Boom 20% 0.22 Normal 60% 0.12 Recession 20% -0.16 Your Answer: Question 25 (1 point) You have invested in stocks J and M. From the following information, determine the beta for your portfolio. Expected Amount of Return Investment Beta Stock J 0.08 $100,000 1.34 Stock M 0.09 $300,000 0.64 Your Answer: Question 26 (1 point) Frazier Manufacturing paid a dividend last year of $2, which is expected to grow at a constant rate of 5%. Frazier has a beta of 1.3. If the market is returning 11% and the risk-free rate is 4%, calculate the value of Fraziers stock. Question 26 options: $25.93 $31.33 $38.53 $41.63 Question 27 (1 point) You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent in Bella Co., and 30 percent in Edward Resources. What is the expected return of your portfolio if Jacob, Bella, and Edward have expected returns of 0.09, 0.13, and 0.01, respectfully? Your Answer: Question 28 (1 point) The covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0700. The variance of Willow is 0.2460, and the variance of Sky Diamond is 0.1430. What is the correlation coefficient between the returns of the two stocks? Your Answer: Question 29 (1 point) A project has the following cash flows: 0 1 2 3 ($500) $120.00 $200 $310.00 What is the projects NPV if the interest rate is $6%? Your Answer: Question 30 (1 point) Assume the following facts about a firms financing in the next year. Calculate the weighted cost of the capital of this project: Proportion of Capital Projected funded by debt = 45% Proportion of Capital Projects Funded by equity = 55% Return Received by Bondholders = 0.09 Return Received by Stockholders = 0.14 Your Answer: Question 31 (1 point) A project requires an initial outlay of $100,000, and is expected to generate annual net cash inflows of $28,000 for the next 5 years. Determine the payback period for the project Question 31 options: .28 years 1.4 years 3.57 years 17.86 years Question 32 (1 point) An investment project requires an initial outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. (round to the nearest tenth of the percentage) Determine the (Internal Rate of Return) IRR for the project using a financial calculator Question 32 options: 12.0% 3.6% 12.6% 12.4% Question 33 (1 point) Capital budgeting analysis of mutually exclusive projects A and B yields the following: Project A Project B IRR 18% 22% NPV $270,000 $255,000 Payback Period 2.5 yrs 2.0 yrs Management should choose: Question 33 options: Project B because most executives prefer the IRR method Project B because two out of three methods choose it Project A because NPV is the best method either project because the results arent consistent Question 34 (1 point) Christopher Electronics bought new machinery for $5,075,000 million. This is expected to result in additional cash flows of $1,230,000 million over the next 7 years. What is the payback period for this project? Their acceptance period is five years. Your Answer: Question 35 (1 point) AMP, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $430,386, $512,178, $562,255, $764,997, $816,500, and $825,375 over the next six years. What is the payback period? Your Answer: PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT

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