Problem Set 1 Macroeconomics‚ ECON 2123 (Instructor: Partha Sen; TA: Peter Tsui) ------------------------------------------------------------------------------------------------------------------------------------ Posted: Friday‚ 19 September 2014 Due: 5:00 PM Friday‚ 26 September 2014 (Submit your homework into the homework collection box outside the department office) 100 marks total Part I: True/False/Uncertain (20 marks‚ 4 marks each) 1. GDP is the value of all goods and services produced
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1. Explain the events that probably gave rise to journal entries 1 through 8 of exhibit 1. a. Entry 1: Miss barbarra Thompson opened the company investing USD 65‚000.00 cash and USD 100‚000.00 from Bank Borrowings. b. Entry 2: The company paid its Rent amounting to USD 1‚485.00 c. The company bought inventory items worth USD 137‚500.00 on credit. d. The company bought Furnitures and Fixtures (10 years useable life) for cash amounting to USD 15‚500.00 e. The company
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Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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Problem Set 1 Complete all questions listed below. Clearly label your answers. 1. The receipts and year of release of the five movies with the largest nominal box office revenues‚ along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release‚ convert the receipts for each to real dollars for the year 2010 (2010 CPI 230.1). Put the movies in order from largest to smallest real box office receipts and show
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Sample Test Problems 9.1 Which type of secondary market provides the most efficient market for securities? 9.2 Is preferred stock classified as debt or equity? 9.3 Burnes‚ Inc. is a mature firm that is growing at a constant rate of 5.5 percent per year. The firm’s last dividend was $1.50. If the required rate of return is 12 percent‚ what is the market value of this stock assuming dividend growth equals the growth rate of the firm? 9.4 Abacus Corp. will pay dividends of $2.25‚ $2.95 and $3.15
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Chapter 10 Margin Questions In what respects did Byzantium continue the patterns of the classical Roman Empire? In what ways did it diverge from those patterns? Continuance can be seen in Byzantium’s roads‚ military structures‚ centralized administration‚ imperial court‚ laws‚ and Christian organization. It can also be seen in Byzantium’s pursuit of the long-term Roman struggle with the Persian Empire. Byzantium diverged through the development of a reformed administrative system that gave appointed
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Joyce Hampton AC0521888 BU340 Managerial Finance 1 Assignment 01 11-13 -12 1). A limited partnership allows some of the investors to limit their liability. Under these terms‚ one or more partners are designated general partners and have unlimited liability for the debts of the firm; others contributors are designated limited partners and are liable only for their initial contribution. For example‚ if partner A and B contribute and of the capital respectively‚ limited partnership
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the nearest on hundredth of a percent (two decimal places). Read the syllabus for examples. The points for each question are listed in parentheses at the start of the question‚ and the total points for the entire assignment add up to 100. Question 1 (5 points) $100 today is worth the SAME as $100 tomorrow. Your Answer Score Explanation True False Correct 5.00 Correct. You understand time value Total 5.00 / 5.00 Question ExplanationWe have assumed that time value of money is positive. Question
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Frantic Fast Foods had earnings after taxes of $390‚000 in the year 2009 with 300‚000 shares outstanding. On January 1‚ 2010‚ the firm issued 25‚000 new shares. Because of the proceeds from these new shares and other operating improvements‚ earnings after taxes increased by 20 percent. a. Compute earnings per share for the year 2009. b. Compute earnings per share for the year 2010. 2-1. Solution: 2-3 Chapter 02: Review of Accounting Frantic Fast Foods a. Year 2009 Earnings per share = Earnings after
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Fin 350 Exam 2‚ Fall 2010 Name ___________________________ This has answers to the problems which I believe‚ but cannot guarantee‚ are correct. 1. Under certain conditions‚ a particular project may have more than one IRR. One condition under which this situation can occur is if‚ in addition to the initial investment at time = 0‚ a negative cash flow occurs at the end of the project’s life. a. True b. False 2. The modified IRR (MIRR) method has wide appeal to professors‚ but most business
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