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Tanner-UNF Corporation acquired as a long-term investment $300 million of 4% bonds, dated July 1, on July 1, 2013. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Tanner-UNF paid $270 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2013 was $280 million. Required: Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2013.
A mutual fund with a beta of 1.1 has outperformed the S&P500 over the last twenty years. Does the mutual fund manager; have had superior stock selection ability.
what are the reasons for a firm having lower cash from operations than working capital from operations and what are the possible interpretations of these reasons?
You are considering buying a stock with a beta of 0.83. If the risk-free rate of return is 6.9 percent, and the expected return for the market is13.2 percent, what should the required rate of return be for this stock?
If the firm's tax rate is 30% what discount rate should you use to evaluate the equipment purchase?
Explain the major differences between a fixed and a flexible budget.
Robert Balik and Carol Kiefer are senior vice presidents of the Mutual of Chicago Insurance Company. They are co-directors of the company's pension fund management division-Write down a formula that can be used to value any stock, regardless of it..
Computation of after-tax cost of debts and weighted average cost of capital and The capital structure of Dartex Industries and the pretax cost of capital for each component are shown
Kerr Corporation purchased a patent on January 1, 2006 for $180,000. The patent had a remaining useful life of ten years at that date. In January of 2007, Kerr successfully defends the patent at a cost of $81,000, extending the patent's life to 12/31..
Create a list of definitions for the following terms and identify their roles in finance.
Comment on the commonly used capital budgeting measures. What is the underlying cause of ranking conflicts? Which criterion is the best one, and why?
American Eagles Outfitters (ticker: AEO) recently paid a quarterly dividend of $0.125. It's current share price is $12.73. What is American Eagle Outfitters' dividend yield rounded up to the nearest percent?
Your company uses the 3-year MACRS method to depreciate the machine and equipment which are 33% 45%, 15% and 7%. The cost of capital is 11%.
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