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kap26 [50]
2 years ago
15

Patricia McDonald has determined that the value of her liquid assets is $4,600, the value of her real estate is $134,000, the va

lue of her personal possessions is $58,000, and the value of her investment assets is $74,000. She has also determined the value of her current liabilities is $6,700 and the value of her long-term liabilities is $94,000.
1. What is Patricia's net worth?
Business
1 answer:
denis23 [38]2 years ago
5 0

Answer:

Net worth = $169,900

Explanation:

Patricia's net worth is the difference between her assets and liabilities. It is an important measure to guage the financial health of an individual or business.

Total assets= 4,600+ 134,000+ 58,000+ 74,000

Total assets= $270,600

Total liabilities= 6,700+ 94,000

Total liabilities= $100,700

Therefore Net worth= 270,600- 100,700

Net worth = $169,900

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Assuming that monthly returns are approximately normally distributed, what is the probability that this market-neutral strategy
Levart [38]

The following is part of the computer output from a regression of monthly returns on Waterworks stock against the S&P 500 index. A hedge fund manager believes that Waterworks is underpriced, with an alpha of 2% over the coming month.

Beta = 0.75

R-square = 0.65

Standard Deviation of Residuals = 0.06 (i.e., 6% monthly)

Assuming that monthly returns are approximately normally distributed, what is theprobability that this market-neutral strategy will lose money over the next month?

Assume the risk-free rate is .5% per month.

Answer:

0.33853

Explanation:

Given that, the expected rate of return of the market-neutral position is equal to the risk-free rate plus the alpha:

0.5%+ 2.0% = 2.5%

Hence, since we assume that monthly returns are approximately normally distributed.

The z-value for a rate of return of zero is

−2.5%/6.0% = −0.4167

Therefore, the probability of a negative return is N(−0.4167) = 0.33853

6 0
3 years ago
1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? 2. Wh
Nina [5.8K]

Answer:

I got the information from Apple's Form 10-K reported by the SEC.

1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016?

2016: 5,470,820  shares

2017: 5,217,242  shares

2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016?

2016: $12 billion paid in dividends

2017: $12.6 billion paid in dividends

3. Identify basic EPS amounts for fiscal years (a) 2017 and (b) 2016.

2016: $8.35 per share

2017: $9.27 per share

4. Is Apple’s EPS on a favorable or unfavorable trend from 2016 to 2017?

favorable since it increased from $8.35 to $9.27, or 11%

5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback?

EPS should increase since the total amount of outstanding shares will decrease. Wen you are calculating a fraction, if the denominator decreases, the value of the fraction increases. Apple has excess cash, so it can afford to buy back shares without affecting its normal operations.

8 0
3 years ago
A 10-year $1,000 bond pays a nominal rate of 9% compounded semi-annually. If the market interest rate is 12% compounded annually
skelet666 [1.2K]

Answer:

a) actual dollar = $60

b) Constant dollar of the 15th payment = $38.710

Explanation:

Facts from the question:

The Face value of the bond = $1,000

Nominal Interest rate = 12% and it compounded annually

General inflation rate = 6%

The question: Determine the 15th interest payment on the bond.

Step 1: The coupon for the amount of semi annual payment is as follows:

Coupon= (Interest rate/ Number of compounding times in a year) x face value of the bond

= (0.12/2) x 1000

= $60 -= Actual dollar amount

Step 2: Determine the 15th payment and this will represent the middle of the 8th year or (7 1/2) year.

To calculate this=

Constant dollar amount of the 15th interest payment

= Actual dollar amount (above) / (1 + inflation rate)∧n

where n= the number of years = 7.5 years

= $60 / (1 + 0.06) ∧7.5

= $60/1.55

= $38.710

This means the constant dollar amount on that 15th payment = $38.710

3 0
3 years ago
The preferred approach to allocate joint costs to products is the value basis, which allocates a joint cost in proportion to the
ddd [48]

Allocation of joint costs in proportion to the value of the output of the sales which were produced in the process during at the split-off point is a preferred approach.

<h3>What are joint costs?</h3>

Joint costs involve the benefit of more than one product, and the separation of the costs of such products is impossible as the benefits related thereto are also joint.

One of the best examples of joint costs is in a condition when a cattle-owner feeds both the flock of sheep and cattle of cows at the same time. One cannot differentiate between the separate costs allocated.

Hence, it may be said that value basis is the most appropriate method for the purpose of allocation of joint costs being incurred in the proportion as it may be.

Learn more about joint costs here:

brainly.com/question/13537893

#SPJ1

6 0
2 years ago
The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.
Alik [6]

Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

5 0
3 years ago
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