Airbus sold an A400 to Delta Airlines, a U.S. company, and billed $30 million payable in six months. Airbus is concerned about the euro proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/ and the six-month forward exchange rate is $1.10/. Airbus can buy a six-month option on U.S. dollars with a strike price of 0.95/$ for a premium […]
Suppose Ford Motor Co. sold an issue of bonds with a 10-year maturity, $1,000 par value, and 10% coupon rate. Two years after the bonds were issued, the going rate of interest on similar bonds fell to 6%. At what price would the bonds sell? Instead of an interest rate decrease, suppose two years after issuance, the going interest on similar bonds rose to 12%. […]
In 2012 Gurney Construction Company agreed to construct an apartment building at a price of $1,284,000. The information relating to the costs and billings for this contract is shown below. 201220132014Cost incurred to date$299,600$642,000$839,950Estimated costs yet to be incurred556,400214,000-0-Customer billings to date160,500535,0001,284,000Collection of billings to date128,400342,4001,005,800(a)Assuming that the percentage-of-completion method is used.(1)Compute the amount of gross profit to be recognized in 2012 and 2013.20122013Gross profit […]
Adrianna Lopez of success system is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules.Lopez has three different types of software in her inventory and the following information is available for each. $74 cost $73 market100 cost 98 market90 market1. Compute the lower of cost or market for ending inventory assuming Lopez applies the lower of […]
Garner-Wagner has a project that produces the following cash flows: CF 0 = −3,000,000; CF1−5 = 500,000; and has a discount rate of I/YR = 10. CF0 = −3,000,000; CF1−5 = 500,000; I/YR = 10. If Garner-Wagner goes ahead with this project today, it will obtain knowledge that will give rise to additional opportunities 5 years from now (at t = 5). The company can […]
With the recent explosion of information technologies, ________.A) most marketing managers are overloaded with data and often overwhelmed by itB) most marketing managers are concerned solely about the duplication of contentC) companies have ceased to feel the need for marketing information systemsD) companies have ceased to maintain internal databasesE) it has become more difficult and expensive to obtain primary dataAn MIS user should most likely […]
Q1A: International Chemical Company (ICC) recently received an order for a product that it does not normally produce. Since the company has spare production capacity, management is considering accepting the order In analysing the decision, the assistant accountant is compiling the relevant costs of producing the order Production of the special order would require 8000 kilograms of theolite. International Chemical Company does not use theolite […]
Taussig Technologies Corporation (TTC) has been growing at a rate of 20 percent per year in recent years. This same growth rate is expected to last for another 2 years. a. If D0 = $1.60, rs = 10%, and gn = 6%, what is TTC’s stock worth today? What are its expected dividend yield and capital gains yield at this time? b. Now assume that […]
“TAX FORM/RETURN PREPARATION PROBLEMC:11-63 Bottle-Up, Inc., was organized on January 8, 2000, and made its S election on January 24,2000. The necessary consents to the election were filed in a timely manner. Its federal taxidentification number is 38-1507869. Its address is 1234 Hill Street, Gainesville, FL32607. Bottle-Up uses the calendar year as its tax year, the accrual method of accounting,and the first-in, first-out (FIFO) inventory […]
Business life cycle and operating cash flow influence corporate debt levels. A mature manufacturer, for instance, tends to have a greater proportion of long-term liabilities than a computer software developer. In relation to this maxim, discuss the following queries. (2.5-page response is required plus apa bib.) a. Citing examples, discuss why some businesses require greater amounts of long-term debt than other types of businesses. b. Explain the […]
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