CHAPTER 3 TUTORIAL SOLUTIONS 21. Assuming costs vary with sales and a 20 percent increase in sales‚ the pro forma income statement will look like this: MOOSE TOURS INC. Pro Forma Income Statement Sales $ 1‚114‚800 Costs 867‚600 Other expenses 22‚800 EBIT $ 224‚400 Interest 14‚000 Taxable income $ 210‚400 Taxes(35%) 73‚640 Net income $ 136‚760 The payout ratio is constant‚ so the dividends
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Chap 6 pgs. 186-7: 3‚ 4‚ 5‚ 10‚ 13‚ 15‚ 16‚ 19‚ 20‚ 23 3. What are the four major features of our solar system that provide clues to how it was formed? Describe each one briefly. Four major features provide clues: (1) The Sun‚ planets‚ and large moons generally rotate and orbit in a very organized way. (2) With the exception of Pluto‚ the planets divide clearly into two groups: terrestrial and jovian. (3) The solar system contains huge numbers of asteroids and comets. (4) There are some notable
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CHAPTER 4 REACTIONS IN AQUEOUS SOLUTION MULTIPLE CHOICE QUESTIONS 4.1 Which of the following compounds is a strong electrolyte? E A. H2O B. O2 C. H2SO4 D. C6H12O6 (glucose) E. CH3COOH (acetic acid) Answer: C 4.2 Which of the following compounds is a strong electrolyte? E A. H2O B. N2 C. KOH D. C2H6O (ethanol) E. CH3COOH (acetic acid) Answer: C 4.3 Which of the following compounds is a weak electrolyte? E A. HCl B. CH3COOH (acetic acid)
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Chapter 6: Discussion Question #4 (p. 223) 4. Why is it usually easier to forecast sales for seasoned firms in contrast with early-stage ventures? Typically‚ it is easier to forecast a seasoned firm’s sales to that of an early-stage venture because the seasoned firm will have an operational history. Basing current sales on historical data is easier to do than trying to estimate sales based on little to no historical data to benchmark from. If you are a start-up / early-stage venture and
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Week 2 problems Chapter 2 A1 (Present and future value) A. What is the future value of $2‚000 invested today if it earns 20% interest for one year? For two years? Rate 20% (1) -(2‚000)= $2‚400 one year Rate 20% (2) (-2‚000)= $2‚880 two years B. What is the present value of $2‚000 discounted at 20% if it is received in one year? In two years? Rate 20 % (1) (-2‚000)= 1‚666 discounted one year Rate 20% (2) (-2000)= $1‚388 discounted two years B4. (Present value) What is the
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Homework should be reduced Homework are like pills you need it‚ but it ’s are not necessary. Even though homework could give you valuable information it should be reduced because it is not necessary sometimes. In my argument I believe homework should be reduced because it takes much time‚ cause stress‚ and reduce our time of sleep. The purpose of this paper is to show readers what less homework causes and how it could be modified. Homework is like a resource you need‚ it ’s necessary‚ but should
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your work done on time. Homework takes up a lot of time. A reason why homework takes up too much time is you go to bed too late. You are up late if you have a lot of homework you are up late. If you go to bed at an unreasonable hour then the next day will be hard. I think that children go to bed too late because of homework and that makes them not do the best in school. People also get frustrated in school because they are so tired. The last reason I think homework takes up too much time is
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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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CISCO4 CHAPTER 1 WAN is a data communications network that operates beyond the geographic scope of a LAN. WAN allows the transmission of data across greater geographic distances. 3 Major characteristics of WANs • Generally connect devices that are separated by a broader geographical area than can be served by a LAN. • Use the services of carriers‚ such as telephone companies‚ cable companies‚ satellite systems‚ and network providers. • Use serial connections of
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DIFFICULTY: BASIC Ross - Chapter 006 #13 SECTION: 6.2 TOPIC: CALL PROVISION TYPE: DEFINITIONS 2. An 8 percent semiannual coupon bond is priced at $1‚204.60. The bond has a $1‚000 face value and a yield to maturity of 4.88 percent. How many years will it be until this bond matures? A. 15.91 years B. 8.00 years C. 8.65 years D. 17.29 years E. 16.00 years BLOOMS TAXONOMY QUESTION TYPE: APPLICATION LEARNING OBJECTIVE NUMBER: 2 LEVEL OF DIFFICULTY: BASIC Ross - Chapter 006 #84 SECTION:
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