Chapter 3, Problem 6P

Calculate the labor variance

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A firm has a profit margin of 5% and an equity multiplier of 2.2. Its sales are $310 million, and it has total assets of $124 million. What is its ROE?

On January 1, 2021, Nohara Inc, had cash and share capital of Yen 60,000,000. At that date, the company had no other asset, liability, or equity balances. On January 2, 2021, it purchased for cash Yen 20,000,000 of equity securities that it classified as non-trading. It received cash dividends of Yen 4,500,000 during the year on these securities. In addition, it has an unrealized holding gain on these securities of Yen 6,500,000 net of tax. Determine the following amounts for 2021: a) Net income. b) Comprehensive income. c) Other Comprehensive Income, and d) Accumulated other comprehensive income (end of 2021).

XYZ, Inc. has a beta of 0.8. The yield on a 3- month T-bill is 5%, and the yield on a 10- year T-bond is 7%. The market risk premium is 5.5%, and the return on an average stock in the market last year was 20%. What is the estimated cost of common equity using the CAPM?

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Please explain the solution to this financial accounting problem with accurate explanations.

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