Reference no: EM131308251
Draiman, Inc., has sales of $585,000, costs of $273,000, depreciation expense of $71,000, interest expense of $38,000, and a tax rate of 35 percent. The firm paid out $36,000 in cash dividends. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the addition to retained earnings?
Number of floral deliveries its patients receive each day
: A hospital records the number of floral deliveries its patients receive each day. For a two-week period, the records show 15, 27, 26, 24, 18, 21, 26, 19, 15, 28, 25, 26, 17, 23 Use exponential smoothing with a smoothing constant of .4 to forecast the..
|
Determine the irr of the investment
: For a new product, an initial investment of $500,000 is required. The revenues and costs for each of the four years of the product’s life are. The expected residual value of the equipment is 10% of its first cost of $500,000 at the end of the five ye..
|
Financial manager has when managing working capital
: What are the goals a financial manager has when managing working capital? What does the manager have under their control to effect the goals? What forces are working against each other in optimizing the goals of the manager?
|
What is the gross return of the riskfree bond
: There are two states of nature (s1, s2) with equal probabilities. Suppose there is a representative agent who is endowed with 1 unit of consumption today, and (2, 1) tomorrow. The agent has power. What are the risk-neutral probabilities? What is the..
|
What is the addition to retained earnings
: Draiman, Inc., has sales of $585,000, costs of $273,000, depreciation expense of $71,000, interest expense of $38,000, and a tax rate of 35 percent. The firm paid out $36,000 in cash dividends. What is the addition to retained earnings?
|
Nonquantitative factors best predict bond defaults
: Bond rating agencies have invested significant sums money in an effort to determine which quantitative and nonquantitative factors best predict bond defaults. Furthermore, some of the raters invest time and money to meet privately with corporate pers..
|
Payoffs without any cost or risk using arbitrage portfolio
: Suppose there are two states of nature in the future. In the asset market, there are the two contingent claims, one for each state. There’s a third security with payoffs x=(4,2). What is the payoff matrix X of the asset market? Is the market complete..
|
What bid price per carton should you submit
: Guthrie Enterprises needs someone to supply it with 156,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. It will cost you $1,960,000 to install the equipmen..
|
What rate would legally have to be quoted
: A local finance company quotes an interest rate of 19.5 percent on one-year loans. So, if you borrow $46,000, the interest for the year will be $8,970. What rate would legally have to be quoted? What is the effective annual rate?
|