Topic C Exercises F2023 (1)
xlsx
keyboard_arrow_up
School
Seton Hall University *
*We aren’t endorsed by this school
Course
4227
Subject
Finance
Date
Feb 20, 2024
Type
xlsx
Pages
5
Uploaded by DoctorCloverRam217
BFIN4227 Section (AA, AB, or AD): AB
Student Name:
Jonathan Angelo
Exercise #1: (Slide 9) Complete the answers to (a) (b) (c) (d) (e) for the following IPOs:
Name
UBER TECHNOLOGIES I SNOWFLAKE INC
DOORDASH INC Ticker
UBER US Equity
SNOW US Equity
DASH US Equity
IPO Date
5/10/2019
9/16/2020
12/9/2020
No. of IPO Shares Offered (in Millions)
180.00
28.00
33.00
IPO Offering Price
$45.00
$120.00
$102.00
First Day Open Price
$42.00
$253.93
$182.00
First Day Closing Price
$41.57
$245.00
$189.51
Last Price (as of 09/08/2023)
$47.24
$165.95
$98.04
$8,100.00
$3,360.00
$3,366.00
-$617.40
$3,500.00
$2,887.83
-7.62%
104.17%
85.79%
4.98%
38.29%
-3.88%
13.64%
-32.27%
-48.27%
Submit your work (showing detailed steps and final answers) through Canvas.
Show the calculations in details (in a word, image, or pdf document) and
attach an excel file (with formulas) to show your work
. (a) IPO Proceeds (offer amount in million USD)
(b) Amount of Money Left on the Table (in million USD)
(c) IPO Underpricing: First Day Return from IPO Offering Price to first day Closing Price
(d) Return from IPO Offer Price to Last Price (as of 09/08/2023)
(e) Return from IPO first day closing price to Last price (as of 09/08/2023)
An investor opens her first brokerage account, and purchases 500 shares of a stock at $50 per share. She a)
Total $
$ 25,000.00 Borrowed
$ 12,000.00 Equity Margin
$ 13,000.00 Initial margin %
52.00%
b)
Price falls to $43
new total
$ 21,500.00 borrow
$ 12,000.00 Intrest %
2.00%
Borrowed + Interest
$ 12,240.00 new margin
$ 9,260.00 new margin %
43.07%
c)
Total $
$ 21,500.00 Initial Equity
$ 13,000.00 End Equity
$ 9,260.00 Return on Investment
-28.77%
2.
Margin Trading (slide 31)
a)
What is the initial margin in her account when she first purchases the stock?
b)
If the price falls to $43 per share by the end of the quarter, what is the remaining margin in
c)
What is the rate of return on the investment if she sells the shares at the end of the quarter
borrows $12,000 from her broker to help pay for the purchase. The interest rate of the loan is 8%.
n her account? If the maintenance margin requirement is 40%, will she receive a margin call?
at $43 per share?
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
You sold short 200 shares of a stock at $125 per share at the beginning of the year. The initial equi
a)
Total $ $ 25,000.00 Borrowed
$ 12,500.00 Equity margin
$ 12,500.00 Proceeds + Initial Equity
$ 37,500.00 shares
200
Additional Shares till Call
70
Amount of Shares for Call
270
Stock Price
$ 138.89 b)
Total Assets
$ 37,500.00 New Total $
$ 22,000.00 Dividneds
$ 0.40 # of Quarters
4.00
Dividends Gained
$ 320.00 Ending Equity
$ 15,180.00 Initial Equity
$ 12,500.00 Rate of Return
21.44%
3.
Short Sales (slide 37)
a)
At what stock price would you receive a margin call if the maintenance margin is 35
b)
Assume that the stock paid a $0.40 dividend per share each quarter, what is the rate o
ity margin is 50%. 5%? (do not consider dividends in question a)
of return if you buy to cover the shares at $110 per share at the end of the year?
Related Documents
Related Questions
what is stockholders equity x b My Questions I bartleby
M nbox (1.661)
oard
Learn
l.com/webapps/ubsh-lti-integration-BBLEARN/app/content/launchHandler?course id-_132178 18lcontent
pus
Powered by Bb
eCampus
ePortfolios Community Content Collection
ents
> HW Assignment 3
E Menu
QUESTION 9
Not yet answered
Marked out of 1.00
P Flag question
At the end of the fiscal year, the usual adjusting entry to update Prepaid Insurance for the portion
of the benefit that was used up / expired was accidentally omitted. Which of the following
statements is true?
Select one:
O
a. Total assets at the end of the year will be understated.
b. Stockholders' Equity at the end of the year will be understated.
O C. Net Income for the year will be overstated.
O d. Insurance expense will be overstated.
O e. None of the above.
Save Answers
Previous page
Finish attempt.
arrow_forward
WileyPLUS
Pyment Opp
Class Specifications Sorted
https://edugen.wileyplus.com/edugen/student/mainfr.uni
BACK
PRINTER VERSION
NE
FULL SCREEN
CALCULATOR
Exercise 15-4
Your answer is partially correct. Try again.
Skysong Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on
NASDAQ. Skysong Corp. has issued 14,500 units. Each unit consists of a $725 par, 12% subordinated debenture
and 15 shares of $7 par common stock. The units were sold to outside investors for cash at $1,276 per unit. Prior to this
sale, the 2-week ask price of common stock was $58 per share. Twelve percent is a reasonable mjarket yield for the
debentures, and therefore the par value of the bonds is equal to the fair value.
(a) Prepare the journal entry to record Skysong's transaction, under the following conditions. (Round answers to 0
decimal places, e.g. $38,487. Credit account titles are automatically indented when amount is entered. Do not
indent manually. If…
arrow_forward
Institution Page
BAB140 Lab#3 Ch4 W2022
NWP Assessment Player UI Appli x
WP Wiley Course Resources
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=31085e1c-3fe8-4a49-b0d5-235bab61d4d1#/question/2
E Apps W MarketWatch: Stock...
e Business News
Market News | Seek...
O FINVIZ.com - Stock..
T7 CVNA 228.28 A +1.
S Stocktwits - The lar.
E* Google Translate
E Earnings and Econo.
AV Short Interest Stock.
* U.S. News | Reuters
WSJ market volume
E Reading list
>>
BAB140 Lab#3 Ch4 W2022
Question 3 of 5
>
-/2
View Policies
Current Attempt in Progress
Crane Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February
28, 2021:
Accounts payable
12,600
Income tax payable
4,700
Accounts receivable
27,100
Insurance expense
3,400
Accumulated depreciation-equipment
5,400
Prepaid insurance
2,900
Cash
17,600
Rent expense
5,800
Common shares
10,100
Retained earnings
20,100
Depreciation expense
4,400
Salaries expense…
arrow_forward
Institution Page
BAB140 Lab#3 Ch4 W2022
NWP Assessment Player UI Appli x
WP Wiley Course Resources
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=31085e1c-3fe8-4a49-b0d5-235bab61d4d1#/question/4
E Apps W MarketWatch: Stock...
e Business News
Market News | Seek...
O FINVIZ.com - Stock..
T7 CVNA 228.28 A +1.
S Stocktwits - The lar.
* Google Translate
E Earnings and Econo.
AV Short Interest Stock.
* U.S. News | Reuters
WSJ market volume
E Reading list
>>
BAB140 Lab#3 Ch4 W2022
Question 5 of 5
-/2
View Policies
Current Attempt in Progress
Bonita Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February
28, 2021:
Accounts payable
12,700
Income tax payable
$
4,400
Accounts receivable
28,300
Insurance expense
3,600
Accumulated depreciation-equipment
5,200
Prepaid insurance
2,600
Cash
17,400
Rent expense
5,700
Common shares
19,900
Retained earnings
21,300
Depreciation expense
4,100
Salaries expense…
arrow_forward
2 Project: Company Accour X
D21. 7-1 Problem Set: Module Sev X
CengageNOWv2 | Online tea X
Cengage Learning
+| x
Dw.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress%3Dfalse
eBook
Show Me How
Current Position Analysis
The following items are reported on a company's balance sheet:
$365,600
Marketable securities
285,700
Accounts receivable (net)
254,900
Inventory
236,400
Accounts payable
394,000
Determine (a) the current ratio and (b) the quick ratio. Round to one declmal place.
a. Current ratio
b. Quick ratio
Check My Work
a. Divide current assets by current liabilities.
b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables.
Check My Work
Previous
ELE
AD
dy
f4
f12
prt sc
米
arrow_forward
Assan Offical
O Academic Portal
t- LIBIS - Sampoerna.. O Dashboard
O VitalSource Booksh..
O Spotify - Web Player
P MLA Formatting an. Credible and Non-.
E Reading
20
Q A
Instructions
a. Prepare an income statement for 2022. Assume that 60,000 ordinary shares are outstanding.
b. Prepare a retained earnings statement for 2022.
E4.10 (LO 3) (Earnings per Share) The equity section of Sosa SA appears below as of December 31, 2022.
Share capital-preference (6% preference shares, R$50 par value, authorized 100,000 shares, outstanding 90,00o shares)
Share capital-ordinary (R$1 par, authorized and issued 10 million shares)
R$ 4,500,000
10,000,000
Share premium-ordinary
20,500,000
Retained earnings
R$134,000,000
Net income
33,000,000
167,000,000
R$202,000,000
Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of
discontinued operations. Preference dividends of R$270,000 were declared and paid in…
arrow_forward
Jocs, Sheets & Slides
them ...
uity.docx
5
ading 1
chrome
Leading digital book
extension://bpmcpldpdmojngpchkicfolgmkfalc/views/app.himi
TOMIS 680, CMBA S...
Times New
Good luck!
16
Wiley Course Resou...
R T U
1. [IRR1 CF] The firm invests $1,000 at 0, anticipates a single FCFF $1,200 at t-1.
The project is financed with one-half debt, one-half equity. Assume debt demands a
7% return. What is the project IRR?
A..
2. [Interest due to thee Debt|1 CF] The firm invests $1,000 at =0, anticipates a single
FCFF $1,200 at t-1. The project is financed with one-half debt, one-half equity.
Assume debt demands
How much interest is due to the debt at time 1?
a 7% return.
Σ
וו
D
hp
arrow_forward
Assignments: ACCT-2301-10 X
O Question 4 - Chapter 11 As X
https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducat..
ignment i
Saved
Help
Save &
Che
Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively.
Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 million,
respectively.
What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease
in cash as negative amounts. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
CREATIVE SOUND SYSTEMS
Statement of Cash Flows (partial)
Cash flows from financing activities
Net cash flows from financing activities
Next >
arrow_forward
Mc
Graw
Hill
Chrome
Tab
Profies
Bookmarks
File Edit View History
Question 8-Proctoring: @x
Window
getproctorio.com/secured lockdown
Proctoring Enabled: Summer 2024 Exam #10
8
Selling stock to investors for cash would result in which of the following?
Σorress
Multiple Choice
A debit to additional paid-in capital and a credit to cash
A credit to both cash and additional paid-in capital
A debit to cash and a credit to common stock
A debit to cash and a credit to the investment account
281
< Prev
8 of 20
Next
17
MacBook Pro
G Search or type URL
2
3
4
96
5
w
E
R
T
6
A
&
8
-0
9
Y
U
<
0
S
D
F
G
H
J
K
L
X
C
v
B
N
M
H
mand
V
3
comma
Help
arrow_forward
HB Harvard Business Publi
b My Questions bartleb
B Chapter 7 - MBAD-503
Lauren Stoney | Net Im
+
HB
MindTap - CengagX
Ahttps://ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9781337900010&id- 5432476578snapshotld=1286803&
CENGAGE MINDTAP
Q Search this course
X
Ch 08: Assignment - Risk and Rates of Return
మా
Five years of realized returns for CCC are given in the following table. Remember:
1. While CCC was started 40 years ago, its common stock has been publicly traded for the past 25
A-Z
years.
2. The returns on its equity are calculated as arithmetic returns.
Office
3. The historical returns for CCC for 2012 to 2015 are:
2013
2012
2014
2015
2016
Stock return
13.75%
9.35%
16.50%
23.10%
7.15%
Given the preceding data, the average realized return on CCC's stock is
of CCC's historical returns. Based on this conclusion, the
The preceding data series represents
standard deviation of CCC's historical returns is
If investors expect the average realized return from 2012 to 2016 on CCC's…
arrow_forward
HB Harvard Business Publi
b My Questions bartleb
B Chapter 7 - MBAD-503
+
HB
Lauren Stoney | Net Im
MindTap - CengagX
Ahttps://ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9781337900010&id- 5432476578snapshotld=1286803&
CENGAGE MINDTAP
Q Search this course
X
Ch 08: Assignment - Risk and Rates of Return
మా
For example, the continuous probability distributions of rates of return on stocks for two different companies are
shown on the following graph:
A-Z
PROBABILITY DENSITY
Office
Company A
Company B
-40
-20
0
20
40
60
RATE OF RETURN (Percent)
Based on the graph's information, which of the following statements is true?
O Company A has a smaller standard deviation
Company B has a smaller standard deviation
X
arrow_forward
What are two kinds of paid-in capital accounts?
arrow_forward
x CengageNOWv2 |Online teachin X +
signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-&inprogress%3false
eBook
Show Me How Video
Calculator
Statement of stockholders' equity
Financial information related to Webber Company for the month ended June 30, 20Y7, is as follows:
Common Stock, June 1, 20Y7
$ 60,000
Stock issued in June
40,000
Net income for June
175,000
Dividends during June
30,000
Retained earnings, June 1, 20Y7
290,000
Prepare a statement of stockholders' equity for the month ended June 30, 20Y7. If an amount box does not require an entry, leave it blank or enter "0".
Webber Company
Statement of Stockholders' Equity
For the Month Ended June 30, 20Y7
Common Stock
Retained Earnings
Total
Check My Work
All work saved.
arrow_forward
I need help with just part A which is ONE question thank you attached is instructions and and the excel papers thanks :)
arrow_forward
estions - Blackboa x
NWP Assessment Player UI App x
A education.wiley.com/was/ui/v2/assessment-player/index.html?launchid 5750652f-a595-413e-b7d3-15080082c239/question/22
ter 6 Questions
0/1 E
Question 23 of 25
You have the following information for Sheridan Inc. for the month ended June 30, 2022. Sheridan uses a periodic inventory system.
Unit Cost or
Date
Description
Quantity
Selling Price
June
Beginning inventory
40
$34
June
4.
Purchase
135
37
June
10
Sale
110
64
June
11
Sale return
15
64
June
18
Purchase
55
40
June
18
Purchase return
10
40
June
25
Sale
65
70
June
28
Purchase
35
44
arrow_forward
What is the amount of the total paid-in capital? What makes up this amount?
arrow_forward
kboard
b
X what is stockholders equ
x |
M Inbox (1,662)-galomikeyc
Learn
×
group portr
ard.com/webapps/ubsh-Iti-integration-BBLEARN//app/content/launchHandler?course
id- 132178 18content
pus Powered by Bb
eCampusS
ePortfolios Community Content Collection
ments
HW Assignment 3
Menu
QUESTION 7 Not changed since last attempt Marked out of 1.00 Flag question
On October 1, a company received $3,600 for services to be performed over the
next 6 months, with an equal amount of work to be completed each month. If no adjusting entry
is made on December 31,
Select one:
O a. net income will be understated by $3,600
O b. net income will be understated by $1,800
O C. net income will be overstated by $1,800
O d. net income will be overstated by $3,600
O e. net income will be understated by $2,400
Save Answers
Previous page
Next page
[D
arrow_forward
WileyPLUS
A https://edugen.wileyplus.com/edugen/Iti/main.uni
Return to Blackboard
Jeter, Advanced Accounting, 6e
Help | System Announcements
CALCULATOR
PR
Exercise 13-4
On January 1, 2014, Trenten Systems, a U.S.-based company, purchased a controlling interest in Grant Management Consultants located in Zurich, Switzerland. The acquisition was treated as a
2014 financial statements stated in Swiss francs are given below.
GRANT MANAGEMENT CONSULTANTS
Comparative Balance Sheets
January 1 and December 31, 2014
Jan. 1
Dec. 31
Cash and Receivables
19,600
54,400
Net Property, Plant, and Equipment
40,200
37,600
Totals
59,800
92,000
Accounts and Notes Payable
29,500
32,200
Common Stock
19,600
19,600
Retained Earnings
10,700
40,200
Totals
59,800
92,000
GRANT MANAGEMENT CONSULTANTS
Consolidated Income and Retained Earnings Statement
for the Year Ended December 31, 2014
Revenues
74,900
Operating Expenses including Depreciation of 2,600 francs
Net Income
Dividends Declared and Paid
30,600
44,300…
arrow_forward
Question #5 in this image
arrow_forward
OW21 Onlin teachin x
N2 | Online teaching
esource from Cengag...
w.com
eBook
Cash
Inventory
Land
Notes Payable
tMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false
V
Xi Lin, Capital
Feedback
ps
Panthère de Cartier...
✓
Show Me How
Journalizing Partner's Original Investment
assumed a $57,000 note payable owed by Lin that was used originally to purchase the land.
Xi Lin contributed land, inventory, and $35,000 cash to a partnership. The land had a book value of $79,000 and a market value of $152,000. The inventory had a book value of $53,100 and a market value of $48,900. The partnership also
Required:
Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank.
35,000
53,100 X
152,000
48,900
X
79,000 X
57,000
Pink Playful Femini...
Check My Work 5 more Check My Work uses remaining.
&
MX
Check My Work
Record the assets at their current values, and record the liability at its current value. Lin's Capital…
arrow_forward
A v2.cengagenow.com
da EXCHANGE PASSWORD REQUIRED
1 FA2021 - Fina...
X CengageNOWv2 | Online teaching and learning reso.
11m
O https://www.toolingu.com/Ims/contentplayer/?corpo.
Enter your password for "hjmolin" in Internet
Accounts.
еВook
Show Me How
Note Payable and Accrued Interest
Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with
interest on May 1, 2024.
Required:
1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank.
2023 Oct. 1 Cash
Notes Payable
(Record issuance of note)
Feedback
2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank.
2023 Dec. 31 Interest Expense
Interest Payable
(Record accrued interest)
Feedback
3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023.
Among the current…
arrow_forward
I need to find the correct amounts for assets, liabilities, stockholders' equity, and net income.
arrow_forward
Question #5 please!
arrow_forward
mageNOWv2 | Online teachin
+
keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
ncel Your..
F Startup Opportuniti.
V How brands are co..
Assignment Practic..
A COVID-19 Student.
C20-128PRO1-2016.
O Final Exam Review -.
G Professional Certific.
Assume a company is going to make an investment of $460,000 in a machine and the following are the cash flows that two different products would bring in years one through four.
Option A,
Option B,
Product A
Product B
$190,000
$155,000
190,000
180,000
65,000
65,000
25,000
70,000
A. Calculate the payback period of each product. Round your answers to 2 decimal places.
Option A, Product A
years
Option B, Product B
years
B. Which of the two options would you choose based on the payback method?
Previous
Ne
arrow_forward
Class Specificatio
WileyPLUS
X
Bb Ch 16 WP - 2019
myStanState Port
+
https://edugen.wileyplus.com/edugen/student/mainfr.uni
ment
CALCULATOR
NEXT
FULL SCREEN
PRINTER VERSION
BACK
Exercise 16-11
On January 1, 2018, Sandhill Inc. granted stock options to officers and key employees for the purchase of 21,000 shares of
the company's $10 par common stock at $24 per share. The options were exercisable within a 5-year period beginning
January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this
award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $361,400.
On April 1, 2019, 2,100 options were terminated when the employees resigned from the company. The market price of the
common stock was $35 per share on this date.
On March 31, 2020, 12,600 options were exercised when the market price of the common stock was $41 per share.
Prepare journal entries to record issuance of the…
arrow_forward
O Log In | Federa x
MUMassD Logor X
E QuickLaunch-
R Chapter folder x
* Cengage D
Univ of Mass - X
mheducation.com
Homework i
Saved
The following data are from annual reports of Jen's Jewelry Company:
2021
2020
2019
Total assets
$ 60,700
$ 52,000
11,100
$ 41,000
Total liabilities
Total stockholders' equity
Sales revenue
14,600
46,100
163,900
51,900
6,500
34,500
132,400
24,300
40,900
150,300
40,600
Net income
Compute Jen's net profit margin ratio for each year. (Round your answers to 2 decimal places.)
Year
Net Profit Margin Ratio
2021
2020
2019
o search
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
![Text book image](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
![Text book image](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education
Related Questions
- what is stockholders equity x b My Questions I bartleby M nbox (1.661) oard Learn l.com/webapps/ubsh-lti-integration-BBLEARN/app/content/launchHandler?course id-_132178 18lcontent pus Powered by Bb eCampus ePortfolios Community Content Collection ents > HW Assignment 3 E Menu QUESTION 9 Not yet answered Marked out of 1.00 P Flag question At the end of the fiscal year, the usual adjusting entry to update Prepaid Insurance for the portion of the benefit that was used up / expired was accidentally omitted. Which of the following statements is true? Select one: O a. Total assets at the end of the year will be understated. b. Stockholders' Equity at the end of the year will be understated. O C. Net Income for the year will be overstated. O d. Insurance expense will be overstated. O e. None of the above. Save Answers Previous page Finish attempt.arrow_forwardWileyPLUS Pyment Opp Class Specifications Sorted https://edugen.wileyplus.com/edugen/student/mainfr.uni BACK PRINTER VERSION NE FULL SCREEN CALCULATOR Exercise 15-4 Your answer is partially correct. Try again. Skysong Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on NASDAQ. Skysong Corp. has issued 14,500 units. Each unit consists of a $725 par, 12% subordinated debenture and 15 shares of $7 par common stock. The units were sold to outside investors for cash at $1,276 per unit. Prior to this sale, the 2-week ask price of common stock was $58 per share. Twelve percent is a reasonable mjarket yield for the debentures, and therefore the par value of the bonds is equal to the fair value. (a) Prepare the journal entry to record Skysong's transaction, under the following conditions. (Round answers to 0 decimal places, e.g. $38,487. Credit account titles are automatically indented when amount is entered. Do not indent manually. If…arrow_forwardInstitution Page BAB140 Lab#3 Ch4 W2022 NWP Assessment Player UI Appli x WP Wiley Course Resources A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=31085e1c-3fe8-4a49-b0d5-235bab61d4d1#/question/2 E Apps W MarketWatch: Stock... e Business News Market News | Seek... O FINVIZ.com - Stock.. T7 CVNA 228.28 A +1. S Stocktwits - The lar. E* Google Translate E Earnings and Econo. AV Short Interest Stock. * U.S. News | Reuters WSJ market volume E Reading list >> BAB140 Lab#3 Ch4 W2022 Question 3 of 5 > -/2 View Policies Current Attempt in Progress Crane Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 12,600 Income tax payable 4,700 Accounts receivable 27,100 Insurance expense 3,400 Accumulated depreciation-equipment 5,400 Prepaid insurance 2,900 Cash 17,600 Rent expense 5,800 Common shares 10,100 Retained earnings 20,100 Depreciation expense 4,400 Salaries expense…arrow_forward
- Institution Page BAB140 Lab#3 Ch4 W2022 NWP Assessment Player UI Appli x WP Wiley Course Resources A education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=31085e1c-3fe8-4a49-b0d5-235bab61d4d1#/question/4 E Apps W MarketWatch: Stock... e Business News Market News | Seek... O FINVIZ.com - Stock.. T7 CVNA 228.28 A +1. S Stocktwits - The lar. * Google Translate E Earnings and Econo. AV Short Interest Stock. * U.S. News | Reuters WSJ market volume E Reading list >> BAB140 Lab#3 Ch4 W2022 Question 5 of 5 -/2 View Policies Current Attempt in Progress Bonita Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2021: Accounts payable 12,700 Income tax payable $ 4,400 Accounts receivable 28,300 Insurance expense 3,600 Accumulated depreciation-equipment 5,200 Prepaid insurance 2,600 Cash 17,400 Rent expense 5,700 Common shares 19,900 Retained earnings 21,300 Depreciation expense 4,100 Salaries expense…arrow_forward2 Project: Company Accour X D21. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea X Cengage Learning +| x Dw.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress%3Dfalse eBook Show Me How Current Position Analysis The following items are reported on a company's balance sheet: $365,600 Marketable securities 285,700 Accounts receivable (net) 254,900 Inventory 236,400 Accounts payable 394,000 Determine (a) the current ratio and (b) the quick ratio. Round to one declmal place. a. Current ratio b. Quick ratio Check My Work a. Divide current assets by current liabilities. b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables. Check My Work Previous ELE AD dy f4 f12 prt sc 米arrow_forwardAssan Offical O Academic Portal t- LIBIS - Sampoerna.. O Dashboard O VitalSource Booksh.. O Spotify - Web Player P MLA Formatting an. Credible and Non-. E Reading 20 Q A Instructions a. Prepare an income statement for 2022. Assume that 60,000 ordinary shares are outstanding. b. Prepare a retained earnings statement for 2022. E4.10 (LO 3) (Earnings per Share) The equity section of Sosa SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 100,000 shares, outstanding 90,00o shares) Share capital-ordinary (R$1 par, authorized and issued 10 million shares) R$ 4,500,000 10,000,000 Share premium-ordinary 20,500,000 Retained earnings R$134,000,000 Net income 33,000,000 167,000,000 R$202,000,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference dividends of R$270,000 were declared and paid in…arrow_forward
- Jocs, Sheets & Slides them ... uity.docx 5 ading 1 chrome Leading digital book extension://bpmcpldpdmojngpchkicfolgmkfalc/views/app.himi TOMIS 680, CMBA S... Times New Good luck! 16 Wiley Course Resou... R T U 1. [IRR1 CF] The firm invests $1,000 at 0, anticipates a single FCFF $1,200 at t-1. The project is financed with one-half debt, one-half equity. Assume debt demands a 7% return. What is the project IRR? A.. 2. [Interest due to thee Debt|1 CF] The firm invests $1,000 at =0, anticipates a single FCFF $1,200 at t-1. The project is financed with one-half debt, one-half equity. Assume debt demands How much interest is due to the debt at time 1? a 7% return. Σ וו D hparrow_forwardAssignments: ACCT-2301-10 X O Question 4 - Chapter 11 As X https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducat.. ignment i Saved Help Save & Che Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Net cash flows from financing activities Next >arrow_forwardMc Graw Hill Chrome Tab Profies Bookmarks File Edit View History Question 8-Proctoring: @x Window getproctorio.com/secured lockdown Proctoring Enabled: Summer 2024 Exam #10 8 Selling stock to investors for cash would result in which of the following? Σorress Multiple Choice A debit to additional paid-in capital and a credit to cash A credit to both cash and additional paid-in capital A debit to cash and a credit to common stock A debit to cash and a credit to the investment account 281 < Prev 8 of 20 Next 17 MacBook Pro G Search or type URL 2 3 4 96 5 w E R T 6 A & 8 -0 9 Y U < 0 S D F G H J K L X C v B N M H mand V 3 comma Helparrow_forwardHB Harvard Business Publi b My Questions bartleb B Chapter 7 - MBAD-503 Lauren Stoney | Net Im + HB MindTap - CengagX Ahttps://ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9781337900010&id- 5432476578snapshotld=1286803& CENGAGE MINDTAP Q Search this course X Ch 08: Assignment - Risk and Rates of Return మా Five years of realized returns for CCC are given in the following table. Remember: 1. While CCC was started 40 years ago, its common stock has been publicly traded for the past 25 A-Z years. 2. The returns on its equity are calculated as arithmetic returns. Office 3. The historical returns for CCC for 2012 to 2015 are: 2013 2012 2014 2015 2016 Stock return 13.75% 9.35% 16.50% 23.10% 7.15% Given the preceding data, the average realized return on CCC's stock is of CCC's historical returns. Based on this conclusion, the The preceding data series represents standard deviation of CCC's historical returns is If investors expect the average realized return from 2012 to 2016 on CCC's…arrow_forwardHB Harvard Business Publi b My Questions bartleb B Chapter 7 - MBAD-503 + HB Lauren Stoney | Net Im MindTap - CengagX Ahttps://ng.cengage.com/static/nb/ui/evo/index.html?elSBN=9781337900010&id- 5432476578snapshotld=1286803& CENGAGE MINDTAP Q Search this course X Ch 08: Assignment - Risk and Rates of Return మా For example, the continuous probability distributions of rates of return on stocks for two different companies are shown on the following graph: A-Z PROBABILITY DENSITY Office Company A Company B -40 -20 0 20 40 60 RATE OF RETURN (Percent) Based on the graph's information, which of the following statements is true? O Company A has a smaller standard deviation Company B has a smaller standard deviation Xarrow_forwardWhat are two kinds of paid-in capital accounts?arrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
Recommended textbooks for you
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education
![Text book image](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
![Text book image](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
![Text book image](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
![Text book image](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education