FarmCo, Inc. follows a policy of paying out cash dividends equal to the residual amount that remains after funding 30 percent of its planned capital expenditures. The firm tries to maintain a 30 percent debt and 70 percent equity capital structure and does not plan on issuing more stock in the coming year. FarmCo’s CFO has estimated that the firm will earn $ 17 million […]
Given the following information on Ke-Ma-Gen Ltd., what is its WACC? Debt: · Number of bonds = 10,000 · Par value = $1,000 · Coupon rate = 9% (semi-annual coupons) · Time to maturity = 10 years · Market value = 98% of par Common equity: · Number of shares outstanding = 1,000,000 · Par value = $1 · Price per share = $3.50 · Dividends per share = $0.70 Preferred equity: · Number of […]
abc is a large Australian multinational company with subsidiaries in eight different countries.The company provided an initial cash infusion to establish each subsidiary.However, each subsidiary has had to finance its own growth since then. The parent and subsidiaries of abc typically use Citigroup (with branches in numerous countries)when possible to facilitate any flow of funds necessary. a Explain the various ways in which Citigroup could […]
Which of the following statements is true? Select one: a. The social auditing process is voluntary, whereas financial audits are mandatory for publicly traded corporations. b. Law for publicly traded companies requires both financial audits and social audits. c. The social auditing and the financial auditing processes are both voluntary processes that can provide great benefit to the company. d. The financial auditing process and the social auditing process […]
Calculation of individual costs and WACC: Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average cost of capital (WACC). The WACC is to be measured by using the following weights: 40% long-term debt, 10% preferred stock, and 50% common stock equity (retained earnings, new common stock, or both). The firm’s tax […]
Equipment purchased on January 3,2018 for $80,000 was depreciated using the straight-line method based upon a 5-year life and $7,500 residual value. The equipment was sold on December 31,2020 for $40,000. What is the gain on the sale of the equipment? urchased on January 3, 2018, for $80,000 was depreciated using the straight-line a. $3,500 b. $14,500 c. $36,500 d. $43,500 7. The bank erroneously […]
Good morning! Please help me learn how to do in excel if possible. Laurel, Inc., and Hardy Corp. both have 6 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has five years to maturity, whereas the Hardy Corp. bond has 18 years to maturity. If interest rates suddenly rise by 2 percent, what is […]
Hi, tutor, i’m not really sure how to do th is problem Bank A offers an interest rate of 5.5% per annum compounded annually on deposits of more than $10,000. An investor wants to deposit $25,000. (i) What would her balance be after 3 years? (my answer: 67448.3) (ii) How long will she need to wait until the balance is twice the initial deposit? (my […]
19 How are the big five personality factors (McRae and Costa, 1990, 1996) also known? A. RIVER scale B. BROOK scale C. PONDS scale D. OCEAN scale 3.20 In leadership trait theory what is a trait? A. A list of the things that make leaders different to everyone else. B. A list of the key things that a leader should do to be great. C. The list of key behaviors a leader […]
Q1. Draw an ERD (entity relationship model) for the following case. The head of the Chemistry Department wants to develop a small database system for the laboratories of the department. The department has many professors and scientists, who support all the courses related to chemistry and biochemistry. You might have taken the course from the department and have had the chance to work in the […]
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