Author Archives: winged_envoy

AIKON ltd. is a new technology company

AIKON ltd. is a new technology company. They recently announced their plan to invest in new operating system. As a result, no dividends will be paid for the next two years followed by an estimated dividend of $0.30 in the … Continue reading

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Cool Cooking Tools Ltd, manufacturer of gourmet cooking utensils

Cost of goods manufactured; overapplied or underapplied overhead; journal entries (10 Marks) Cool Cooking Tools Ltd, manufacturer of gourmet cooking utensils, uses job costing. Manufacturing overhead is applied to production at a predetermined overhead rate of 150 per cent of … Continue reading

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A market researcher for an automobile company suspects differences

A market researcher for an automobile company suspects differences in preferred color between male and female buyers. Advertisements targeted to different groups should take such differences into account, if they exist. The researcher examines the most recent sales information of … Continue reading

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The Chartered Financial Analyst (CFA®) designation is fast becoming

The Chartered Financial Analyst (CFA®) designation is fast becoming a requirement for serious investment professionals. It is an attractive alternative to getting an MBA for students wanting a career in investment. A student of finance is curious to know if … Continue reading

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What should be the prices of the following preferred stock

What should be the prices of the following preferred stock if comparable securities yield 7 percent ? Why are the valuations different ? a. MN Inc., $8 preferred($100 Par) b. CH Inc., $8 Preferred($100 Par) with mandatory retirement after 20 … Continue reading

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Desmond Corp. purchased 5, $1,000, 5​% bonds of Geotherm Corporation

Desmond Corp. purchased 5, $1,000, 5​% bonds of Geotherm Corporation when the market rate of interest was 14​%. Interest is paid semiannually on the​ bonds, and the bonds will mature in four years. Using the PV function in Excel Superscript … Continue reading

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Sauer Milk Inc. wants to determine the minimum cost of capital point

Sauer Milk Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans:  Cost (aftertax)Weights  Plan A        Debt 6.0% 25%  Preferred stock 12.0  15   Common equity 16.0  60   Plan B        Debt 6.6% 35%  Preferred stock 12.6  15   Common equity 17.0  50   Plan C        Debt 7.0% 45%  Preferred stock 19.7  15   Common equity 15.5  40   Plan D        Debt 17.0% 55%  Preferred stock 20.4  15   Common equity 17.6  30 a-1. Compute the … Continue reading

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Reynolds Construction (RC) needs a piece of equipment that costs $200

Reynolds Construction (RC) needs a piece of equipment that costs $200. RC can either lease the equipment or borrow $200 from a local bank and buy the equipment. If the equipment is leased, the lease would not have to be … Continue reading

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Noah Gnus is the owner of a newspaper stand in Ottawa

Noah Gnus is the owner of a newspaper stand in Ottawa. He wants to obtain information on the number of copies of the Ottawa Citizen sold each weekday. A random sample 10 weekdays yielded the following data: 135 274 209 … Continue reading

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Current data provided by the 2010 census indicates that the prevalence

Current data provided by the 2010 census indicates that the prevalence of breast cancer in the US is still on the rise, while the mortality rates have slightly declined over time. A researcher at a local health department conducts an … Continue reading

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