2.Docx Essay

1455 Words Sep 22nd, 2014 6 Pages
Which of the following is considered a hybrid organizational form?

sole proprietorship partnership corporation limited liability partnership

Which of the following is a principal within the agency relationship?

the CEO of the firm a company engineer a shareholder the board of directors

Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have?

Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that
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What is the present value of these payments? (Round to the nearest dollar.)

$2,735,200 $2,615,432 $2,431,224 $2,815,885

PV of multiple cash flows: Ajax Corp. is expecting the following cash flows—$79,000, $112,000, $164,000, $84,000, and $242,000—over the next five years. If the company's opportunity cost is 15 percent, what is the present value of these cash flows? (Round to the nearest dollar.)

$480,906 $477,235 $429,560 $414,322

Future value of an annuity: Jayadev Athreya has started on his first job. He plans to start saving for retirement early. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 percent. How much will Jayadev have at the end of 45 years? (Round to the nearest dollar.)

$2,667,904 $1,745,600 $5,233,442 $3,594,524

Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest percent.)

12% 32% 16% 40%

Bond price: Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. What should the company's bonds be priced at today? Assume

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