The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm is given here:

Answers

Answer 1
Answer:

Answer:

The answer is "$4.311".

Explanation:

Calculating the EPS after the merger:

\text{Stultz Corp Post Merger Earnings} = 220,000 + 1,000,000 \n\n

                                                      = \$1,220,000

\to \text{Number of Shares Post Merger:} \n\n=(99,000)/(3) + 250,000\n\n = 283,000\n\n\text{EPS Post Merger} =\frac{\text{Stultz Corp Post Merger Earnings}}{\text{Number of Shares Post Merger}} \n\n

                            = (1,220,000)/(283,000) \n\n= \$4.311


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Ryder Supplies has its stock currently selling at $63.25. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 17 percent, what is the expected dividend, a year from now?a) 4.43 b) 3.25 c) 10.75 d) 6.33
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An important implication that arises out of the forces that influence quality is thatas the business world becomes more complex, quality must be approached from a(n) __________ perspective, rather than a(n) __________ perspective.a. internal; externalb. bottom-up; top-downc. system; processd. futuristic; historical

You plan to buy a $250,000 home with a 20% down payment. The bank you want to finance the loan through suggests two options: a 15-year mortgage at 4.25% APR and a 30-year mortgage at 5% APR. What is the difference in monthly payments between these two options?

Answers

Answer:

A 15-year mortgage monthly payments is: $1,496.5

A 30-year mortgage monthly payments is: $1,060.1

=> The difference of monthly payment between the two options is: $436.4 ( $1,496.5 - $1,060.1) where the monthly payment of the option of 15-year mortgage is higher.

Explanation:

The borrowed amount in both options is : $250,000 * 80% = $200,000;

* A 15-year mortgage monthly payments is:

We have (1+APR) = ( 1 + Monthly Interest rate)^12 <=> 1.0425 = ( 1 + Monthly Interest rate)^12 <=> Monthly Interest rate = 0.3475%;

Amount of payment periods = 15 * 12 = 180

=> Monthly payment = (200,000 * 0.3475%) / [ 1 - 1.003475^(-180) ] = $1,496.5

* A 30-year mortgage monthly payments is:

We have (1+APR) = ( 1 + Monthly Interest rate)^12 <=> 1.05 = ( 1 + Monthly Interest rate)^12 <=> Monthly Interest rate = 0.4074%;

Amount of payment periods = 30 * 12 = 360

=> Monthly payment = (200,000 * 0.4074%) / [ 1 - 1.004074^(-360) ] = $1,060.1

The u. s. treasury issued a 10-year bond on november 16, 1998, paying 6.47% interest. thus, if you bought $600,000 worth of these bonds, you would receive $38,820 per year in interest for 10 years. at investor wishes to buy the rights to receive the interest on $600,000 worth of these bonds. the amount the investor is willing to pay is the present value of the interest payments, assuming a 6% rate of return. if we assume (incorrectly, but approximately) that the interest payments are made continuously, what will the investor pay?

Answers

The investor will pay $ 21,304.88to receive an annuity of $38,820 each year for 10 years at 6% interest compounded continuously.

Given :

Interest on $600,000 worth of bonds = $38,820 per year

No. of years = 10 years

Discount rate = 6%

Compounding interval = Continuous compounding ( as given in the question)

We use the following formula to arrive at the Present Value:

PV = C /e^(rt)

PV = 38820 /2.71828^(0.06*10)

PV = 38820 /1.822118065

PV = $ 21,304.88

Keystone Computer Timeshare Company entered into the following transactions during May 2017. Describe the effect of each transaction on assets, liabilities, and stockholders' equity. 1. Purchased computers for $20,000 from Data Equipment on account. 2. Paid $3,000 cash for May rent on storage space. 3. Received $15,000 cash from customers for contracts billed in April. 4. Performed computer services for Ryan Construction Company for $2,700 cash. 5. Paid Midland Power Co. $11,000 cash for energy usage in May. 6. Stockholders invested an additional $32,000 in the business. 7. Paid Data Equipment for the computers purchased in (1) above. 8. Incurred advertising expense for May of $840 on account.

Answers

Answer:

The change in each transaction is indicated by the bold letter. Also the numerical value has benn added or subtracted. At each transaction the total of the assets and the total of the liabilities and Owner's equity remains the same.

Explanation:

Keystone Computer Timeshare Company

    Assets           =       Liabilities +           Owner's Equity

1. + Computers =       + Accounts Payable

 +$20,000=  +$20,000  +Owner's Equity

2. -Cash   + Computers = + Accounts Payable  +Owner's Equity- Expense

-3000 + 20,000= + 20,000 + OE - 3000

3. + Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense

12,000 + 20,000 - (15000) = + 20,000 + OE - 3000

4. + Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense+ revenue

12,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700

5. - Cash + Computers- Accounts Receivable  = + Accounts Payable  +Owner's Equity- Expense+ revenue

1,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700- 11000

6.  + Cash + Computers- Accounts Receivable  = + Accounts Payable  + Owner's Equity- Expense+ revenue

33000+2700 + 20,000 - (15000) = + 20,000 + 32000 - 14000+ 2700

7. -Cash + Computers- Accounts Receivable  = - Accounts Payable +Owner's Equity- Expense+ revenue

13000+2700 + 20,000 - (15000) =  32000 - 14000+ 2700

8. Cash + Computers- Accounts Receivable  = +Accounts Payable Owner's Equity- Expense+ revenue

13000+2700 + 20,000 - (15000) =  840 +32000 - 14000+ 2700- 840

13000+2700 + 20,000 - (15000) =840 + 19,860

Assets           =       Liabilities +           Owner's Equity

20,700          =                 840 + 19,860                  

The bold letter in each transaction denotes the change. Additionally, the numerical value has been increased or decreased. The totals of the assets, liabilities, and owner's equity remain constant from transaction to transaction.

Timeshare company Keystone Computer

   Assets are equal to Liabilities plus Owner's Equity.

1. Accounts Payable plus computers

$20,000 + Owner's Equity = $20,00

2. Owner's equity + Cash + Computers = + Accounts Payable + Expense

-3000 + 20,000= + 20,000 + OE - 3000

3. Accounts Payable + Owner's Equity + Cash + Computers - Accounts Receivable = Expense

12,000 + 20,000 - (15000) = + 20,000 + OE - 3000

4. Owner's equity + Cash + Computers + Accounts Receivable equals + Accounts Payable + Revenue + Expense

12,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700

5. Owner's equity + Cash + Computers + Accounts Receivable + Accounts Payable = Expense + Revenue

1,000+2700 + 20,000 - (15000) = + 20,000 + OE - 3000+ 2700- 11000

6. Cash Computers = Accounts Payable + Accounts Receivable + Owner's Equity = Cost + Income

33000+2700 + 20,000 - (15000) = + 20,000 + 32000 - 14000+ 2700

7. Cash + Computers + Accounts Receivable = Owner's Equity + Accounts Payable + Expense + Revenue

13000+2700 + 20,000 - (15000) = 32000 - 14000+ 2700

8. Cash + Computers - Accounts Receivable - Accounts Payable = + Accounts Payable Owner's Equity - Expense + Revenue

13000+2700 + 20,000 - (15000) = 840 +32000 - 14000+ 2700- 840

13000+2700 + 20,000 - (15000) =840 + 19,860

Assets are equal to Liabilities plus Owner's Equity.

20,700 = 840 + 19,860                

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William owns 1 share of Park stock. He purchased the stock three years ago for $17.50. The stock is currently trading for $40 per share. The stock has paid the following dividends over the past three years. o Year 1: $1.00. o Year 2: $2.00. o Year 3: $3.00. What is the compounded rate of return (IRR) that William has earned on this investment

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Answer:

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North Carolina State University Irwin College of Engineering can earn 4% on its investments, how much should be in its savings account to fund one $5,000 scholarship each year for the next 10 years?

Answers

Answer:

The amount that should be in its savings account is $40,554.48.

Explanation:

To calculate this, formula for calculating the present value of an ordinary annuity is employed as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of or amount in the saving =?

P = yearly scholarship payment = $5,000

r = interest rate = 4%, 0.04

n = number of years = 10

Substitute the values into equation (1) to have:

PV = $5,000 * [{1 - [1 / (1 + 0.04)]^10} / 0.04]

PV = $5,000 * [{1 - [1 / 1.04]^10} / 0.04]

PV = $5,000 * [{1 - 0.961538461538461^10} / 0.04]

PV = $5,000 * [{1 - 0.675564168825795} / 0.04]

PV = $5,000 * [0.324435831174205 / 0.04]

PV = $5,000 * 8.11089577935512

PV = $40,554.48

Therefore, the amount that should be in its savings account is $40,554.48.

Final answer:

The present value of an annuity formula can be used to determine the amount needed in the savings account.

Explanation:

To determine how much should be in its savings account to fund one $5,000 scholarship each year for the next 10 years, we can use the formula for the present value of an annuity. The formula is:

PV = PMT * ((1 - (1 + r)^(-n)) / r)

Where PV is the present value, PMT is the payment amount, r is the interest rate, and n is the number of periods. In this case, the payment amount is $5,000, the interest rate is 4% (or 0.04), and the number of periods is 10. Plugging these values into the formula, we get:

PV = $5,000 * ((1 - (1 + 0.04)^(-10)) / 0.04) = $42,179.84

Therefore, North Carolina State University's Irwin College of Engineering should have $42,179.84 in its savings account to fund one $5,000 scholarship each year for the next 10 years.

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an employee scans his badge to open a door, but the door does not open. The employee has access to the room as part of the job. This is an example of a: False negative True negative True positive False positive

Answers

Answer:

False negative

Explanation:

A false negative may be defined as the outcome where the outcome of the binary classification process the model incorrectly determines or predicts the negative class.

In the context, though the employee have access to open the door as a part of his job, the employee could not open the door by scanning his badge. So this may be considered as a false negative as the employee could not open the door inspite of having access to the door.

Other Questions
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 5%. The Federal Reserve buys a government bond worth $200,000 from Lorenzo, a client of First Main Street Bank. He deposits the money into his checking account at First Main Street Bank.Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans). Assets LiabilitiesReserves $200,000 Deposits $200,000 Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 5%.Hint: If the change is negative, be sure to enter the value as negative number.Amount Deposited Change in Excess Reserves Change in Required Reserves(Dollars) (Dollars) (Dollars)200,000 Now, suppose First Main Street Bank loans out all of its new excess reserves to Juanita, who immediately uses the funds to write a check to Gilberto. Gilberto deposits the funds immediately into his checking account at Second Republic Bank. Then Second Republic Bank lends out all of its new excess reserves to Lorenzo, who writes a check to Neha, who deposits the money into her account at Third Fidelity Bank. Third Fidelity lends out all of its new excess reserves to Teresa as well.Fill in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dollar.Increase in Deposits Increase in Required Reserves Increase in Loans(Dollars) (Dollars) (Dollars)First Main Street Bank Second Republic Bank Third Fidelity Bank Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $200,000 injection into the money supply results in an overall increase of in demand deposits.