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Snake Creek Company has one trusted employee who, as the owner said, handles all of the book-keeping and paperwork for the company. This employee is responsible for counting, verifying, and recording cash receipts and payments, making the weekly bank deposit, preparing checks for major expenditures (signed by the owner), making small expenditures from the cash register for daily expenses, and collecting accounts receivable. The owners asked the local bank for a $ 20,000 loan. The bank asked that an audit be performed covering the year just ended. The independent auditor ( a local CPA), in a private conference with the owner, presented some evidence of the following activities of the trusted employee during the past year:a. Cash sales sometimes were not entered in the cash register, and the trusted employee pocketed approximately $ 50 per month.b. Cash taken from the cash register.c. $ 300 collected on an account receivable from a valued out- of- town customer was pocketed by the trusted employee and was covered by making a $ 300 entry as a debit to Sales Returns and a credit to Accounts Receivable.d. $ 800 collected on an account receivable from a local customer was pocketed by the trusted employee and was covered by making an $ 800 entry as a debit to Sales Discounts and a credit to Accounts Receivable.
Shopko issues $185,000 of 12 percent, three-year bonds dated January 1, 2009, that pay interest semiannually on June 30 and December 31. They are issued at $189,620.
Assuming that interest rates in the general economy are expected to re main at their current level, what is the best estimate of Tapley's simple interest rate onnew bonds?
Assuming a real risk-free rate of 2% and a maturity risk premium that equals 0.1 x (t)% where t is the number of years to maturity, estimate the interest rate in January 1981 on bonds that mature in 1, 2, 5, 10 and 20 years. Draw a yield curve bas..
McDonnell Manufacturing is expected to pay a dividend of $1.50 per share at the end of the year. The stock sells for $34.50 per share, and its required rate of return is 11.5 percent.
How to calculate - What is the future value of $1,560 invested each year for 13 yers assuming an interest rate of 9 percent compounded annually?
Assume that the Beauty Company faces the choice of introducing a new beauty cream or investing the similar amount of money in Treasury bills with a return of $10,000.00.
Estimate a beta coefficient for Kinectica. Adjust for leverage differences between the single product companies and Kinectica. Assume the corporate tax rate is 0% and the debt beta is .3.
The US dollar is the world's reserve currency. China, Russia, and other smaller countries are increasingly voicing a desire for a new currency to replace the US dollar as the world reserve. Why?
The initial proceeds a bond, the size of issue, the initial maturity of bond, and the years remaining to maturity are shown in the following table for a number of bonds.
A United State company negotiated a forward agreement to buy 100,000 British pounds in 90 days. The firm was supposed to use the £100,000 to buy British supplies.
Assume that you have the opportunity to buy a 30 year, zero coupon, $60,000 bond. You determine that the yield on a comparable bond (comparable in terms of risk, liquidity, etc.) is 4.0%. How much should you pay (maximum) for the bond? Assume an e..
Explain what is the alpha for the fad followers and provide your answer as a percentage to two decimal places
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