Values between 41% and 43% obtained and hence the average of 42% was used. 2. The risk free rate is taken from the Government 30 Year Treasury note rate. 3. The beta for Boston Beer Company cannot be calculated as it has not been listed before.
$24,000 B. $75,000 C. $99,000 D. $51,000 E. $80,000 Difficulty: Easy 3. On January 1, 2008, Pacer Company paid $1,920,000 for 60,000 shares of Lennon Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Lennon was achieved by this acquisition.
Target Analysis Summary We carefully reviewed Target’s 10 K report and found that Target’s auditor Ernst& Young LLP, expressed unqualified opinions on both Target’s consolidated financial statements and internal controls. Based on that, we reviewed the notes to Target’s financial statement and concluded summary in the following. According to independent auditor’s report, financial statements of Target Corporation and its subsidiaries comply with US GAAP, and Target doesn’t have significant accounting policy changes for the past year. No major development beyond the end of accounting period was found in the notes. Also, based on Target’s income statements, Target doesn’t have any revenues or expenses non-recurring in nature.
Score 264 out of 300 points * Question 1 4 out of 4 points | | | What is meant by divestiture?Answer | | | | | Selected Answer: | A term used to describe the breakup of the AT&T monopoly on January 1, 1984. | Correct Answer: | A term used to describe the breakup of the AT&T monopoly on January 1, 1984. | | | | | * Question 2 4 out of 4 points | | | Which of the following is the definition of social engineering?Answer | | | | | Selected Answer: | The act of persuading a person to reveal information. | Correct Answer: | The act of persuading a person to reveal information. | | | | | * Question 3 4 out of 4 points | | | What is meant by the term relationships?Answer | | | | |
(TCO 7) The Federal Reserve could reduce the money supply by 34. (TCO 8) Which country is the United States' largest trading partner in terms of volume of trade? 35. (TCO 8) The principal concept behind comparative advantage is that a nation should 36. (TCO 8) A tariff is a 37.
Week Two Exercise Assignment Revenue and Expenses 1. Recognition of concepts. Jim Armstrong operates a small company that books entertainers for theaters, parties, conventions, and so forth. The company’s fiscal year ends on June 30. Consider the following items and classify each as either (1) prepaid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
Since PacifiCorp is not a publicly traded company, we must use valuation multiples from comparable firms to determine the value of the firm. As you can see in Exhibit 1, if we use the valuation multiples we arrive at an implied firm value of between $6,252 million (low end) and $9,289 million (high end). This means that our offer of $9.4 billion is right in line with the high end valuation of the company. We also used multiples to determine that the market value of equity was worth between $4,277 million and $5,904 million (see Exhibit 1). As stated earlier, we offered to pay $5.1 billion for the equity portion of the company.
Older systems that often contain data of poor quality are called _____ systems. A) controlled B) legacy C) database D) mainframe Answer: B Diff: Difficult Page Ref: 26 Topic: Costs and Risks of the Database Approach Subtopic: Conversion Costs 3. A database is an organized collection of _____ related data. A) logically B) physically C) not D) badly Answer: A Diff: Easy Page Ref: 4 Topic: Basic Concepts and Definitions 4. Which of the following types of data can be stored in a database?
c) Could there be an equilibrium in which equal (positive) quantities of the two types of calculators appear in the market? d) For which range of p do we observe calculators to be sold on the market? 3 Questions 4: In class we discussed several explanations why we observe underpricing in IPOs. In particular we discussed the Rock model. (Hint: the two companies in the model were named Opaque industries and Bright industries) 1.
How the major manufactures sell their luggage? There are various distribution channels of luggage, such as specialty stores, department stores, general merchandise chains, catalog showrooms, discount stores and mail order. (1)Hartmann: Hartmann luggage was sold through 100 department stores and 485 specialty luggage stores throughout the United States. (2)Lark spent about 3% of sales on advertising and ran no price promotions except occasional clearances of discontinued merchandise. French ran no national price promotions and never promoted in-line merchandise.