4. Portfolio beta and weights Rafael is an analyst at a wealth management firm. One of his clients holds a $10,000 portfolio that consists of four stocks. The investment allocation in the portfolio along with the contribution of risk from each stock is given in the following table: Stock Investment Allocation Beta Standard Deviation Atteric Inc. (AI) 35% 0.600 38.00%...
On January 1, 2018, Marigold Corp. had 372000 shares of its $2 par value common stock outstanding. On March 1, Marigold sold an additional 750000 shares on the open market at $20 per share. Marigold issued a 20% stock dividend on May 1. On August 1, Marigold purchased 4120000 shares and immediately retired the stock. On November 1, 607000 shares...
Concord Corporation is authorized to issue 23,500 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2020, the ledger contained the following stockholders’ equity balances. Preferred Stock (10,500 shares) $525,000 Paid-in Capital in Excess of Par—Preferred Stock 68,500 Common Stock (63,500 shares) 317,500 Paid-in Capital in Excess of Par—Common...
Actuary and trustee reports indicate the following changes in the PBO and plan assets of White Inc. during 2016: Prior service cost at January 1, 2016 from plan amendment at the beginning of 2013 [Amortization: $4,000 per year] $68,000 Net Gain - AOCI at January 1, 2016 $40,000 Average remaining service life of the active employee group 15 years Actuary's...
Using the data from the following table. . calculate the return for investing in this stock from January 1 to December 31 Prices are after the dividend has been paid. The return from January 1 to March 31 is . (Round to five decimal places.) The return from March 31 to June 30 is . (Round to five decimal places.)...
Pattern Company purchased 100% of Stock Company on January 2, 2013, for $450,000. At the time, Stock’s capital stock was $300,000, and its retained earnings were $150,000. At the time, Pattern and Stock had no intercompany transactions. Any excess of value implied by the purchase price over book value is attributable to land. A. Prepare the journal entry to record Pattern’s...
Interest During Construction Matrix Inc. borrowed $1,000,000 at 8% to finance the construction of a new building for its own use. Construction began on January 1, 2016, and was completed on October 31, 2016. Expenditures related to this building were: January 1 $252,000 (includes cost of purchasing land of $150,000) May 1 310,000 July 1 420,000 October 31 276,000 In...
1
Record the issuance of 520 bonds at face value of $1,000 each
for $506,090.
2
Record the interest payment on December 31, 2018.
3
Record the interest payment on December 31, 2019.
4
Record the interest and face value payment on December 31,
2020.
5
Record the retirement of the bonds at a quoted price of 98,
assuming the...
Here is the problem:The Calvada Company makes all of its sales on account. For 2021, Calvada reported beginning balances in Accounts Receivable and Allowance for Uncollectible Accounts of $220,000 and $14,000, respectively. Calvada wrote off an account for $10,000 on April 1, 2021, and another account for $20,000 on October 31, 2021, as uncollectible. The ending balance in Accounts Receivable...
Present and future value tables of $1 at 11% are presented below. 1 2 3 PV of $1 FV of $1 PVA of $1 EVA of $1 8.98e90 1.11000 0.90090 1.000e 0.81162 1.23210 1.71252 2.110e 0.73119 1.36763 2.44371 3.3421 0.65873 1.51807 3.10245 4.7097 3.59345 1.68506 3.69590 6.2278 0.53464 1.87841 4.23854 7.9129 4 5 6 On October 1, 2021, Justine Company...