# Accounting homework help

## most recent financial statements, ABC Inc. reported $35 of net income and $790 of retained

Question 1

ABC's EBIT is $9 million. The depreciation expense is $0.5 million and interest expense is $0.5 million. The corporate tax rate is 30%. The company has 12 million in operating current assets and $6 million operating current liabilities. It has $5 million in net plant and equipment. The after-tax cost of capital (WACC) is 15%. Assume that the only non-cash item is depreciation. The total net operating capital last year was $8 million.

What was the company’s economic value added (EVA)?

## Accounting 202 quiz

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## A+ Answers

American Building Products is the largest cement company in the Midwest. When the firm raised its prices by 8 percent, all of its competitors soon announced they too were raising their prices by 8 percent. It appears this industry is influenced by a ________ strategy.

price skimming

price leadership

market pricing

price discrimination

## the terms of a legal settlement, and your opponent's attorney has

1. You are negotiating for the terms of a legal settlement, and your opponent's attorney has presented you with the following alternative settlement offers:

A. $38,000 today in one lump sum.

B. 50,000 to be paid to you in five equal payments of 10,000 at the end of each of the next five years.

C. Five equal annual installments of 9,100 each, beginning today.

## On december 31, 2012 the Christine Blankert Fortune Telling Company provided services and

On december 31, 2012 the Christine Blankert Fortune Telling Company provided services and accepted in exchange a promissory note with a face value of 600000 , a due date of 12/31/2015, and a stated rate of 5% with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. Determine the present value.

## department store has determined in connection with its inventory control that the demand for

1. A department store has determined in connection with its inventory control that the demand for a certain CD player averages 4 per day. If the store stocks 5 of these items on a particular day, what is the probability that demand will exceed supply?

2. The telephone sales department of a certain store receives an average of 24 calls per hour.

What is probability that between 10:00 a.m. and 10:05 a.m. there will be 3 calls? No calls?

## Suppose the real rate is 2.27% and the inflation rate is 6.35%. Solve for the nominal rate

1) Suppose the real rate is 2.27% and the inflation rate is 6.35%. Solve for the nominal rate. Use the Fisher Effect formula.

2) Suppose a stock had an initial price of $70.16 per share, paid a dividend of $5.1 per share during the year, and had an ending share price of $109.09. What are the percentage returns?

3) A portfolio is invested 26% in Stock A, 20.5% in Stock B, and the remainder in Stock C. The expected returns are 9.1%, 28.5%, and 18.1% respectively. What is the portfolio's expected returns?

## An experiment was designed to estimate the mean difference in weight gain for pigs fed ration A as compared with those fed ration B.

1) An experiment was designed to estimate the mean difference in weight gain for pigs fed ration A as compared with those fed ration B. Eight pairs of pigs were used. The pigs within each pair were litter-mates. The rations were assigned at random to the two animals within each pair.

## ou are chief counsel to the chairman of the Joint Committee on Taxation, the body primarily responsible for identifying taxation issues and their consequences as Congress seeks to implement a comprehensive and coherent tax policy.

ou are chief counsel to the chairman of the Joint Committee on Taxation, the body primarily responsible for identifying taxation issues and their consequences as Congress seeks to implement a comprehensive and coherent tax policy. Currently, the United States is in a bit of an economic slump.