Howe many extra chromosomes do children with Down’s syndrome have?
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Financial analysts forecast Walmart’s growth for the future…
Financial analysts forecast Walmart’s growth for the future to be a constant 6%. Walmart’s recent dividend is $2.20 (D0). The required return of Walmart’s stock is 8% a. What is the value of Walmart’s common stock? Show your work. b. If the market price of Walmart’s stock is $140, would you buy this stock? Explain.
Which answer correctly matches the two phases of the ovarian…
Which answer correctly matches the two phases of the ovarian cycle with their correct functions?
Suppose you invested in Apple, Dollar General, and Carnival…
Suppose you invested in Apple, Dollar General, and Carnival Cruise. If your portfolio is allocated with the weights show in the table and the stocks had the following returns in 2020, your portfolio return in 2020 was 35.00% (rounded to two decimal places). True or False? Weight Annual (%) Return 2020 Apple 50% 81% Dollar General 25% 35% Carnival Cruise 25% -57% Rounded Annual Return from 1stock1.com
You must now present to the camera the following: Each piec…
You must now present to the camera the following: Each piece of scrap paper (both the front and the back). Your scrap paper MUST be blank. The calculator you will use for the exam, if any. The permitted calculators are: a basic calculator, a non-graphing financial calculator, or the on-screen calculator. Failure to perform this task will result in the loss of points and a potential academic honor violation. Note: At the end of the allotted time, BEFORE clicking submit, you must shred your scrap paper in view of the camera. By selecting “True” below, you certify that you have completed this step of the exam.
Peralta Inc. owns the following investments (all purchased i…
Peralta Inc. owns the following investments (all purchased in previous years): Investee Type of Investment Cost Ownership Percentage Holt Inc. Debt $58,000 NA Santiago Co. Debt $36,000 NA Jeffords Corp. Equity $14,000 10% Diaz Corp. Equity $47,000 38% Linetti Corp. Debt $8,000 NA Boyle, Peralta’s auditor, has several questions with regard to the various investments. The following partial T-account information (with reference numbers for each transaction) is available: Required: Answer the following questions based on the information above. In your response, be sure to specify which question you are answering by numbering your responses (1, 2, 3, 4, or 5). Has Peralta elected to use fair value option accounting for any of its investments? If so, which one(s)? Does Peralta classify any of the investments as available-for-sale? If so, which one(s)? Does Peralta classify any of the investments as trading securities? If so, which one(s)? Does Peralta use the equity method (no fair value option) to account for any of the investments? If so, which one(s)? What is the fair value of each of the investments? If the fair value cannot be determined based on the information given, state “Cannot be determined.”
A client in the 30 percent marginal tax bracket is comparing…
A client in the 30 percent marginal tax bracket is comparing a municipal bond that offers a 6 percent yield to maturity and a similar-risk corporate bond that offers a 7 percent yield. The client should select the municipal bond since the TEY is 6.57%. True or False?
Calculate the price of a 5.80 percent coupon bond with 16 ye…
Calculate the price of a 5.80 percent coupon bond with 16 years left to maturity and a market interest rate of 4.90 percent. Assume interest payments are semiannual and the par value is $1,000. Round your answer to two decimal places. Drop any sign (enter only positive values).
The accountant for Pikachu Corporation has developed the fol…
The accountant for Pikachu Corporation has developed the following information for the company’s defined-benefit pension plan for 2021: Service cost $500,000 Actual return on plan assets $240,000 Annual contribution to the plan $900,000 Amortization of prior service cost $125,000 Benefits paid to retirees $60,000 Change in actuarial assumptions, 12/31 PBO $4,320,000 Settlement rate 10% Expected rate of return on plan assets 8% Average remaining service life 20 years Using the above information for Pikachu Corporation, complete the following pension worksheet for 2021. Use parentheses to indicate credit entries and balances (refer to Balance, 12/31/2020 as an example). You may not need to use all blank rows. NOTE: If you are having trouble clicking on any field, try using the Tab key to switch between fields. Item General Journal Entries Memo Record Pension Expense Cash OCI – PSC OCI – Gain/Loss Pension Asset/Liability PBO Plan Assets Balance, 12/31/2020 625,000 400,000 (750,000) (3,500,000) 2,750,000 [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] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] Journal entry for 2021 [97] [98] [99] [100] [101] [102] [103] AOCI, 12/31/2020 [104] [105] [106] [107] [108] [109] [110] Balance, 12/31/2021 [111] [112] [113] [114] [115] [116] [117]
The following information pertains to Phaedrus Corporation’s…
The following information pertains to Phaedrus Corporation’s defined benefit pension plan: (in thousands) Jan 1, 2020 Jan 1, 2021 Projected benefit obligation $6,000 $6,504 Plan assets 5,760 6,336 AOCI – Prior Service Cost 600 552 AOCI – Net loss 720 786 At the end of 2020, Phaedrus contributed $696,000 to the pension fund and paid benefits of $624,000. The expected rate of return on plan assets was 10% and the actuary’s discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2020 service cost for Phaedrus’ plan?