University of Connecticut DigitalCommons@UConn Honors Scholar Theses Honors Scholar Program 5-10-2009 Analysis of the LIFO inventory valuation method during the onset of IFRS Joseph Louis Romeo University of Connecticut - Storrs‚ joseph.romeo@uconn.edu Recommended Citation Romeo‚ Joseph Louis‚ "Analysis of the LIFO inventory valuation method during the onset of IFRS" (2009). Honors Scholar Theses. Paper 79. http://digitalcommons.uconn.edu/srhonors_theses/79 This Article is brought
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Econ 122B Problem Set 3 Name(Print)______________________ Due in class on March 3 UCI ID____________________________ 1. In class‚ we have talked about the following simple wage equation wage female u ‚ where female is a dummy that is equal to 1 if female‚ and 0 otherwise. Given the OLS estimates ˆ and ˆ for the above model‚ what are the OLS estimates for a model with a
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Problem Set #2 Ec 370 Summer‚ 2013 Michigan State University M. Naretta 1. Another popular sport on SASN is One-out‚ Two-base baseball. In this sport there are‚ obviously‚ two bases: home and 2nd. The batter hits the ball and runs to 2nd. If he or she (it’s a co-ed sport) gets a hit‚ then the batter is on second. If it’s an out‚ then the inning is over and the other team gets to bat. Suppose that it’s a hit. Then the next batter bats with a runner on 2nd base. If that
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Carrie Simmons IRR v. MIRR Valuation Methods Bus 650 Managerial Finance Kristi Rayford February 7‚ 2012 1. Abstract The Internal Rate of Return (IRR) and Modified Internal Rate (MIRR) of Return are imperative to understanding the investment on a project and the expected returns or profitability. Under the valuation method of IRR is to accept the project which has the greater number of required rate of return‚ or otherwise‚ reject the project. However‚ MIRR is better indicator
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Lz=0.8429 Therefore‚ the expected lost sales = 10‚000 * 0.8429 = 8‚429 Expected sales = 15‚000 – 8‚429 = 6‚571 jerseys Expected leftover = 8000 – 6‚571 = 1429 jerseys Therefore‚ Nike has to sell 1‚429 on discount 5. Cu = 16-11 = $5 Co = 9-7 = $2 Critical ratio = 5/(5+2) = 0.7143 μ = 40‚000 σ = 10‚000 Using normal distribution (=norminv(0.7143‚40000‚10000))‚ the optimum order quantity is 45660 jerseys in the first order to maximize profit. 6. Cu = 0.02-0.01 = $0.01 Co = 0.01-0
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Insurance. E. All of the above. 3. The inventory valuation method that tends to smooth out erratic changes in costs is: B A. FIFO. B. Weighted average. C. LIFO. D. Specific identification. E. WIFO 4. Generally accepted accounting principles require that the inventory of a company be reported at: C A. Market value. B. Historical cost. C. Lower of cost or market. D. Replacement cost. E. Retail value. Problem ( 60 points ) SHOW ALL WORK!!!!! A company made the
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One: (10 points) Tom leases a farmer’s field and grows pineapples. Tom hires students to pick and pack the pineapples. The following table sets out Tom’s total product schedule. Labor (students) Total Products (pineapples/per day) 0 0 1 100 2 220 3 300 4 360 5 400 6 420 7 430 1. Calculate the marginal product of the third student; 2. Calculate the average product of three students; 3. Over what numbers of students does marginal product increase? 4. When marginal
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Microeconomics (Fall 2014) Simon Bowmaker Problem Set 6 Submit at lecture (Monday‚ November 10) Write your answers on separate sheets of paper. Please include: your name your recitation teacher’s name day and time of the recitation NB: if your recitation takes place on Monday morning‚ you must submit your assignment to your teacher at the beginning of the recitation. 1. Assume a monopolist faces the following market demand: Q = 100 - 2P. The monopolist’s total cost function is TC = 5+8Q2. What
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Problem Sets Chapter 5 A1. (Bond valuation) A $1‚000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond’s coupon rate is 7.4%. What is the fair value of this bond? Calculating PV factor: i= required return = 9% = 0.09 n= 10 years Using Cash Flow of $1000 to calculate present value‚ Cash flow= $1000 PV factor = 1/(1+i)^n = 0.42241 PV = $1000*0.42241= 422.41 Using Coupon Rate to calculate present value of Annuity Cash flow= $1000 * 7.4/100 =
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PROBLEM SET 5: INTEREST RATES‚ AMORTIZING LOANS‚ BOND VALUATION‚ STOCK VALUATION 1. A typical credit card agreement quotes an interest rate of 18 percent APR. Monthly payments are required. What is the actual interest rate you pay on such a credit card? 2. After carefully going over your budget‚ you have determined you can afford to pay €632 per month toward a new sports car. You call up your local bank and find out that the going rate is 1 percent per month for 48 months. How much you can borrow
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