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Lake Incorporated purchased all of the outstanding stock of Huron Company paying $950,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were:
Book Value Fair Value
current assets(net) $130,000 $125,000
Property, Plant, equip(Net) 600,000 750,000
Liabilities 150,000 175,000

Lake would record goodwill of
a. $445,000
B. $250,000
C. $75,000
D. $0
Determine the size of the demand deposits component of the M1
money supply using the following information.
Currency $350 million
Traveler’s checks $10 million
Other checkable deposits $200 million
Small time deposits $100 million
M1 money supply $800 million
Which of the following statements is CORRECT?
a. If General Electric were to issue new stock this year it would be considered a secondary
market transaction since the company already has stock outstanding.
b. Capital market transactions only include preferred stock and common stock transactions.
c. The distinguishing feature between spot markets versus futures markets transactions is
the maturity of the investments. That is, spot market transactions involve securities that
have maturities of less than one year, whereas futures markets transactions involve
securities with maturities greater than one year.
d. Both Nasdaq "dealers" and NYSE “specialists” hold inventories of stocks.
e. An electronic communications network (ECN) is a physical location exchange.
what impact might a significant currency depreciation of the US dollar have in the short run on US current account position?
Sairah purchased an investment property for $350,000, 3 years ago. The after-tax cashfow of the property has been $35,000 per year to date, but market conditions have improved and Sairah expects the cashflow to improve to $42,000 per year for the next 25 years (assume these are year end cashflows). The annual cost of capital (or cap rate) for this area is 9%. What is the value of the property today?
why is the bank and cash figures in the balance sheet different from the profit for the year shown in the profit and loss account?
Hi,

I had a question in exam to do with partial Derivative,

The question was: Find the First partial Derivative of: P=Q^0.5 R^0.5+ Q/R with respect to Q and R..

My answer was:
d/dR= 0.5 Q^0.5 R^0.5-1+Q/R
=0.5 Q^0.5 R^ -0.5+Q/R
AND
d/dQ= 0.5Q^ -0.5 R^0.5+ Q/R
= 0.5Q^-0.5 r^0.5+Q/R

Am i Right??
what is the expected value if the annual budget is $279,740,088 and the percentage spent is 8.33% and what is the variance if the actual spent was $23,500,000?
what is the expect value if the annual budget is $134,685,340 and the percentage spent is 8.33% and what is the variance if the actual for first month is $11,000,000?
Q1
Judith runs a landscape gardening business and has come to you for financial advice. You find that she is reluctant to offer discounts for cash. Explain the reasons for and against offering discounts for cash and recommend some financial advice for Judith's business.

Q2 Recall the importance of the current (working capital) ratio. and clarify what a current ratio of 3.5.1(350 per cent) represents.
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