Answer:
12,338,352 companies
Explanation:
If the companies' names can have either 4 or 5 letters, and teh letters can repeat themselves, then the total number of companies that can be listed on NASDAQ is:
4 letter names = 26 x 26 x 26 x 26 = 26⁴ = 456,976
5 letter names = 26 x 26 x 26 x 26 x 26 = 26⁵ = 11,881,376
total number of companies listed = 456,976 + 11,881,376 = 12,338,352
Answer:
the base price used is the face value of the security and not the purchase price of the security and ii) a 360-day year is used. The bond equivalent yield uses a 365-day year and the purchase price, rather than the face value of the security, is used as the base price. Treasury bills are quoted on a discount yield basis.
Explanation:
Answer:
Explanation:
a.)
Using Financial calculator, enter the following CFs to find NPV;
CF0 = -1,800,000
C01 =600,000
C02 =600,000
C03 =600,000
C04= 600,000
C05 = 600,000
Interest rate ( I ) = 8%
CPT NPV = $595,626.02
b.)
Profitability Index (PI)
<em>PI= NPV of cash inflows / Initial outlay</em>
Using Financial calculator, enter the following CFs;
Find the NPV of the expected future cash inflows;
CF0 = 0
C01 =600,000
C02 =600,000
C03 =600,000
C04= 600,000
C05 = 600,000
Interest rate ( I ) = 8%
NPV = $2,395,626.02
PI = $2,395,626.02/1,800,000 = 1.331
c.)
You can use a Financial calculator to find the IRR;
CF0 = -1,800,000
C01 =600,000
C02 =600,000
C03 =600,000
C04= 600,000
C05 = 600,000
CPT IRR = 19.86%
d.)
Based on the NPV rule, a company should accept a project if the NPV is greater than 0. This project's NPV of $595,626.02 meets this criteria , therefore, the project should be accepted.
Based on IRR rule, a company should accept a project if the IRR of the project is greater than the cost of capital; which is also the required return. The IRR of this project is 19.86% which is significantly higher than the cost of capital of 8% hence in agreement that the project should be accepted. The Profitability Index is also greater than 1 hence the project should be accepted.
Securities Exchange Act of 1934 regulates ongoing reporting by companies whose companies securities are listed and traded on a stock exchange or that possess assets greater than $10 million and its equity securities are held by 500 or more persons.
In order to ensure better financial openness and accuracy and less fraud or manipulation, the Securities Exchange Act of 1934 (SEA) was developed to regulate securities transactions in the secondary market, after issue. The regulations specified in the SEA of 1934 must be followed by all businesses that are listed on a stock exchange. The Securities Exchange Act of 1934's regulations were put in place to promote fairness and investor confidence. The Securities Act of 1933, which compelled companies to disclose certain financial information, including stock sales and distribution, was followed by the Securities Exchange Act of 1934 (SEA).
To know more about Securities Exchange Act of 1934 refer:
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Answer:
1) 390 warranty expense
2) 390 warranty liability
3) zero as the amount is deducted from the liability
Explanation:
the warranty expense was determinated using an allowance of 3% of the sale:
$ 13,000 x 3% = $ 390
the warranty liability will be created for the same amount
On 2018 it will decrease the liability against inventory It will not recognize a warranty expense.
