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1. Portey Company Portey uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 100 units at $9.00 each $900.00 4 Purchased 120 units at $9.10 each 1,092.00 5 Sold 150 units 10 Purchased 100 units at $9.50 each 950.00 24 Sold 60 units Total cost of goods available for sale 2,942.00 30 On hand, 110 units Refer to the information provided for Portey. If Portey uses the moving average inventory costing method, cost of goods sold for the month of June is: a. $1,935.00. b. $1,930.69. c. $1,901.00. d. $1,917.18.
2. Islay Corp. is issuing bonds paying $48 per year but paid semianaully that will mature 15 years from today. The bond is currently selling for $960 for a face of $1,000.
Calculate:
a) Coupon rate
b) Current yield
c) The yield to maturity
d) The market price of the bond if the market rates for bonds of equal risk changed to 4%.
Suppose you sell a fixed asset for $115,000 when it's book value is $135,000. If your company's marginal tax rate is 39%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
Suppose the forward rate satisfies f(0, T1, T2) > [B(0,T1) / B(0,T2)] - 1. Write down, showing all details, an arbitrage strategy that yields a risk-less profit of (1 + f(0, T1, T2)) - B(0,T1) / B(0,T2) dollars.
What is the price per share of NoGrowth stock if the? firm's equity cost of capital is 10.5%??
Chang Industries has bonds outstanding with a par value of $221,600 and a carrying value of $235,400. If the company calls these bonds at a price of $228,000, the gain or loss on retirement is:
Your company has been approached to bid on a contract to sell 5, 100 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond that time they will be outdated and no sales will be possible. Additionall..
In order to fund her retirement, Michele requires a portfolio with an expected return of 0.10 per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 percent in Stock 2, and 25 percent in Stock..
You are a new analyst at Marshall Capital, and you are looking to purchase General Motors bonds for an investment. The bonds are currently selling for $1253 and have a yield to maturity of 8%. The bond will mature in 10 years and makes semiannual cou..
State your portfolio objectives. Then construct a 10-stock portfolio that you feel is consistent with your objectives. (Use companies that have been public for at least 5 years.) Obtain annual dividend and price date for each of the past 5 years. Cal..
A decrease in the demand for the final product will cause the firms short run labor demand curve to: As the number of the firms in a labor market rises, the market labor demand will: The introduction of an effective minimum wage law in a monopsony m..
The press report carried the following news item: General Motors, Ford, and Chrysler are expected to post losses on fourth-quarter operations despite sales gains. Discuss likely accounting-based reasons that contribute to these expected fourth-quarte..
What is the market price of a $1,000 face value bond?
Determine the current market value of the company’s stock if the required rate of return is 9 percent.
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