FNCE 370 Overview of Corporate Finance Sample Examination (Solutions) Part I: Multiple Choice 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. c b b e a c d b b d d d c c a c b b c e c d b e a FNCE 370 Sample Examination (Solutions) 1/8 May 2006 Part II: Written Response 26. Agency problems are said to be inherent in the corporate form of an organization. Why do you think this is the case? Do you think agency problems arise in a sole proprietorship
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On July 1‚ 2010‚ Rossillon Company issued $4‚000‚000 face value‚ 8%‚ 10-year bonds at $3‚501‚514.This price resulted in an effective-interest rate of 10% on the bonds Rossill on uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. Instructions (Round all computations to the nearest dollar.) (a) Prepare the journal entries to record the following transactions. (1) The issuance of the bonds on July 1‚ 2010. (2) The accrual
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inventory system. The objective for this service request is to analyze the current processes in inventory and define business requirements for system upgrades and improvements. Business requirements were established using a set of metrics to evaluate three options for improving inventory practices at Riordan. The three options evaluated are Enterprise Resource Planning system (ERP)‚ Materials Requirements Planning (MRP)‚ and Vender Managed Inventory (VMI). The metrics allowed the three systems to be
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2‚ 3‚ 4‚ 5‚ 61‚ 2‚ 31‚ 2‚ 3‚ 4‚ 5‚ 61‚ 2‚ 3‚ 9‚ 101‚ 2‚ 3‚ 52.Inventory accounting changes relative sales value method net real-izable value.7‚ 847‚ 83.Purchase commitments.95‚ 69‚ 10964.Gross profit method.10‚ 11‚ 12‚ 13711‚ 12‚ 13‚ 14‚ 15‚ 16‚ 174‚ 55.Retail inventory method.14‚ 15‚ 16818‚ 19‚ 20‚ 22‚ 23‚ 266‚ 7‚ 8‚ 10‚ 114‚ 56.Presentation and analysis.17‚ 1892197.LIFO retail.191022‚ 2312‚ 13‚ 148.Dollar-value LIFO retail.1124‚ 25‚ 26‚ 2711‚ 139.Special LIFO problems.2813‚ 14 This material is
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Fatalities Now Exceed Traffic Fatalities by 3 to 1”‚ Bernie Roberts (2002) says that 70‚000 people die each year from the effects of air pollution. This outrageous number of people dying is because of human activities that release substances into the air that cause health problems. (Credibility & Relevancy) Nobody wants to die because of polluted air‚ and this wish is shared by most human beings. (Thesis & Preview) It is not just humans who are adversely affected by air pollution but also plants‚ living
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Tutorial Sample Solutions‚ S1/13 WEEK 9 TUTORIAL EXERCISES (To be discussed in the week starting May 6) 1. Perform the following hypothesis tests of the population mean. In each case‚ illustrate the rejection regions on both the Z and ̅ distributions‚ and calculate the p-value (prob-value) of the test. (a) H0: μ = 50‚ H1: μ > 50‚ n = 100‚ ̅ = 55‚ σ = 10‚ α = 0.05 Rejection region: ̅ 50 1.645 . 10⁄√100 Alternatively 10 51.645 50 1.645 ̅ ̅ . √ √100 Since 55 50 5 1.645 . 10⁄√100
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problem and its solutions Introduction Principal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example‚ in a large corporation‚ shareholders would hire managers to help them to organize the company in dairy business. However‚ agency problems may arise because of the conflict interest and asymmetry information between principals and agents‚ which lead to agency costs. In this essay‚ I would
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Bernie Kunce English 101 Peter Singer’s Solution In this persuasive essay Peter covers a lot of emotional and disturbing topics. Although he is rite‚ some of his comparisons are very extreme. People around the world‚ and Americans especially are very greedy. Whatever you problems are‚ somebody in a 3rd world country has it ten times worse. I noticed that Peter used a lot of Legos‚ Pathos‚ and Ethos. He gave great examples of the morally wrong decisions we make every day that effect people around
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Stock Solution— Dissolve 159.8 mg of lead nitrate in 100 mL of water to which has been added 1 mL of nitric acid‚ then dilute with water to 1000 mL. Prepare and store this solution in glass containers free from soluble lead salts. Standard Lead Solution— On the day of use‚ dilute 10.0 mL of Lead Nitrate Stock Solution with water to 100.0 mL. Each mL of Standard Lead Solution contains the equivalent of 10 µg of lead. A comparison solution prepared on the basis of 100 µL of Standard Lead Solution per
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deficit and surplus agents‚ households‚ companies and governments 3) ensure that funds flows from surplus to deficit countries The key difference between London and New York is that the former is far more dependent on international business for its success since it is supported by a much smaller domestic economy. The New York financial centre is more domestically oriented in its business and is supported by the vastly greater United States economy. The size of the US bond and equity exchanges is far
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