following events occurred during 2012: Feb. 10 A total of 100.000 shares of authorized and unissued ordinary shares were sold for Rp1.200 per share. Apr. 15 A total cash dividend of Rp65.000.000 was declared‚ payable May 5 to shareholders of record on April 25. (Note: Record dividends payable on ordinary and preference shares in separate accounts.) June 20 Purchased 40.000 ordinary shares as treasury shares at Rp1.200 per share. Aug. 15 Sold 10.000 shares of treasury shares at Rp1.300 per share. Nov
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1 ECS209-J Oct/Nov 2008 This paper consists of xx pages plus instructions for the completion of a mark reading sheet. The formulas that you should use appear on page xx. SECTION A - ESSAY QUESTIONS Answer any TWO of the following three questions. Each question carries 25 marks. Section A therefore counts 50 marks. IMPORTANT: Please write on both sides of each page QUESTION 1 (a) Lenders and borrowers are seldom able to do a direct deal because of a clash of interests. How do financial intermediaries
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Hello Sandeep‚ sorry I couldn’t make it there yesterday‚ but I was not feeling well. For Monday: read Act 2 of Othello answer the study questions for Act 1 (they start with # 11‚ I don’t know why!) We’ll look at the Act 2 questions during class Art: draw 2 faces following the instructions on this webpage: http://www.wikihow.com/Draw-a-Face it’s a lot like the other website‚ but also a little different‚ so you’ll get some different ideas on how to do this. STUDY QUESTIONS FOR
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Problem 8-3. For each of the following situations‚ the present value concept should be applied: 1. Your wealthy aunt just established a trust fund for you that will accumulate to a total of $100‚000 in 12 years. Interest on the trust fund is compounded annually at an 8% rate. How much is in your trust fund today? 2. On January 1‚ you will purchase a new car. The automobile dealer will allow you to make increasing annual December 31 payments over the following four years. The amounts
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P17-1. (Debt Securities) 2 Presented below is an amortization schedule related to Spangler Company’s 5-year‚ $100‚000 bond with a 7% interest rate and a 5% yield‚ purchased on December 31‚ 2012‚ for $108‚660. Date Cash Received Interest Revenue Bond Premium Amortization Carrying Amount of Bonds 12/31/12 $108‚660 12/31/13 $7‚000 $5‚433 $1‚567 107‚093 12/31/14 7‚000 5‚354 1‚646 105‚447 12/31/15 7‚000 5‚272 1‚728 103‚719 12/31/16 7‚000 5‚186 1‚814 101‚905 12/31/17
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91 | | | $1.71 | | | | Comments: | | | | 3. | Question : | (TCO D) A company has current assets of: cash $500‚ accounts receivable $200‚ and inventory $400. The company also has current liabilities of: accounts payable $300 and notes payable $600. What is the company’s quick ratio? | | | Student Answer: | .78 | | | .88 | | | .90 | | | .55 | | | | Comments: | | | | 4. | Question : | (TCO B) Behavioralists point out that even if market
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immovable property and the money you can get in normal conditions in the sale thereof‚ the intrinsic value is when you divide the net assets in shares payable. What is the difference between the par value of a bond and the market value of a bond? The par value of a bond issued to entities so they can carry out their activities in the market but these bonds win or lose value depending on the prevailing interest rate at the time to give them‚ the fulfillment of the commitment not to pay them. Explain
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inventory conversion period‚ a firm could face inventory shortages; when reducing the receivable collection period a firm could lose its good credit customers; and when lengthening the payable deferral period a firm could harm it’s own credit reputation. However‚ identifying optimal levels of inventory‚ receivables‚ and payables where total holding and opportunities cost are minimized and recalculating the cash conversion cycle according to these optimal points provides more complete and accurate insights
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------------------------------------------------- Chapter 5: Bonds‚ Bond Valuation‚ and Interest Rates (5–1) Bond Valuation with Annual Payments Jackson Corporation’s bonds have N=12 years remaining to maturity. Interest is paid annually‚ the bonds have a FV=$1‚000 par value‚ and the coupon interest rate is PMT=8%. The bonds have a yield to maturity of I=9%. What is the current market price of these bonds? $928.39 Calculator solution: Input: N = 12‚ I = 9‚ PMT = 80‚ FV = 1000‚ Solve for PV =
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It would be impossible to obtain a fidelity bond on the employee. B. The employee could pledge corporate investments as security for a short-term personal bank loan. C. The employee could steal securities‚ and the theft would never be discovered. D. There would be no record of when company personnel visited the safe-deposit box. 3 The audit procedures used to verify accrued liabilities differ from those employed for the verification of accounts payable because A. Evidence supporting accrued liabilities
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