Penn Foster 08175300


1. Two mutually exclusive investments cost $10,000 each and have the following cash inflows. The firm’s cost of capital is 10%.
A. What is the net present value of each investment?
B. What is the internal rate of return of each investment?
C. Which investment(s) should the firm make?
D. Would your answers be different to C if the funds received in Year 2 for investment A could be reinvested at 16%?
Show your work.
Cash inflow A B
Year 1 — —
Year 2 $15,407 —
Year 3 — —
Year 4 — $19,390

2. Given the following information, answer the following questions:
TR  $3Q
TC  $1,200  $2Q
A. What is the break-even level of output?
B. If the firm sells 1,300 units, what are its earnings or losses?
C. If sales rise to 2,000 units, what are the firm’s earnings or losses?
D. If the total cost equation were TC  $2,000  $1.80Q, what happens to the break even level of output units?
3. Determine the current market prices of the following $1,000 bonds if the comparable rate is 10% and answer the following questions.
Be sure you show your work here for the price and current yield and then answer the questions below.
XY 5.25% (interest paid annually) for 20 years
AB 14% (interest paid annually) for 20 years
A. Which bond has a current yield that exceeds the yield to maturity?
B. Which bond may you expect to be called? Why?
C. If CD, Inc., has a bond with a 5.25% coupon and a maturity of 20 years but which was lower rated, what would be its price relative to the XY, Inc., bond? Explain.
Part B: Indicate whether the statement is True or False. Each answer is worth 2 points.
________ 1.
Discounting refers to the process of bringing the future back to the present.
________ 2. An increase in retained earnings is a cash inflow.
________ 3. If a firm doesn’t pay cash dividends, it may reinvest the earnings and grow.
________ 4. Total revenue equals price times quantity.
________ 5. The internal rate of return equates the present value of an investment’s cash inflows and its cost (outflows).

Part C: Select the one best answer to each question. Each answer is worth 4 points.
1. An investor may place a limit order that
A. limits the amount of commissions.
B. specifies when the stock will be purchased.
C. establishes the exchange on which the security is to be bought or sold.
D. states a price at which the investor seeks to buy or sell the stock.
2. Which of the following is
not a financial intermediary?
A. New York Stock Exchange
B. Washington Savings and Loan
C. First National City Bank
D. Merchants Savings Bank
3. Using accelerated depreciation
A. initially increases the firm’s profits.
B. initially decreases the firm’s taxes.
C. discourages investment in plant and equipment.
D. increases expenses and decreases cash flow.
4. The current yield on a bond is
A. interest paid divided by the bond’s price.
B. the bond’s coupon.
C. the interest rate stated on the bond.
D. the yield over the lifetime of the bond.
5. The increased use of financial leverage may
I. affect the firm’s credit rating.
II. decrease risk.
III. alter the firm’s earnings.
A. I and II
B. I and III
C. II and III
D. I, II, and III

Part D: Solve each of the following problems. Each answer is worth 5 points.
1. If a new college graduate wants a car costing $21,000, how much must be saved annually over the next four years if the funds earn 5%?
2. You purchase a bond for $875. It pays $60 a year (that is, the semiannual coupon is 3%), and the bond matures after 10 years. What is the yield to maturity?



NOTE: You must include commenting in all of these assignments. The code must be neatly formatted – marks will be deducted.

Part A: This question is to be submitted to the instructor in the form of a Word (or Open Office) document containing the Java code and appropriate screen capture(s) of the output. The file name must be in the form ASSIGN5A_YourName where ‘YourName’ is your last name followed by your first name with no space. Upload the file to CMS.

Problem 6.9, page 256

Version 1: Solve the problem as written in the textbook. Demonstrate that it works using 3 different arrays (1 screen shot for each).

Problem 6.7, page 256

You may find the ternary operator useful when you need to add the s to the word times. Example of pluralizing question would be S.O.P(“question” + (numQuestions>1?”s”:””);

Run the program three times – providing screenshots for each run.

Problem 7.5, page 282

Test using the matrix in the chapter and another matrix of different size with double values. (A minimum of 2 screen captures required.)

Part B: Write code and test the solutions for the following problems from the textbook. Submit the .java files for each question to CMS.
Problem 6.5, page 261

Problem 6.27, page 261

Include the method in a test application which uses the method.

Problem 7.13, page 285

Problem 7.25, page 290

Be prepared to answer questions about how the program works. If you can’t explain how it works, your grade will be impacted.

6.9 (Find the smallest element) Write a method that finds the smallest element in an array of double values using the following header:
public static double min(double[] array)
Write a test program that prompts the user to enter ten numbers, invokes this method to return the minimum value, and displays the minimum value. Here is a sample run of the program:
Enter ten numbers: The minimum number is: 1.5

6.7 (Count single digits) Write a program that generates 100 random integers between 0 and 9 and displays the count for each number. (Hint: Use (int)(Math.random()* 10) to generate a random integer between 0 and 9. Use an array of ten integers, say counts, to store the counts for the number of 0s, 1s, …, 9s.)
7.5 (Algebra: add two matrices) Write a method to add two matrices. The header of the method is as follows:
public static double[][] addMatrix(double[][] a, double[][] b)
In order to be added, the two matrices must have the same dimensions and the same or compatible types of elements. Let c be the resulting matrix. Each element cij aij + bij For example, for two 3 * 3 matrices a and b, c is

Part b


6.27 (Identical arrays) The arrays list1 and list2 are identical if they have the same contents. Write a method that returns true if list1 and list2 are identical,
using the following header:
public static boolean equals(int[] list1, int[] list2)
Write a test program that prompts the user to enter two lists of integers and displays whether the two are identical. Here are the sample runs. Note that the first number in the input indicates the number of the elements in the list

7.13 (Locate the largest element) Write the following method that returns the location of the largest element in a two-dimensional array.
public static int[] locateLargest(double[][] a)
The return value is a one-dimensional array that contains two elements. These two elements indicate the row and column indices of the largest element in the two-dimensional array. Write a test program that prompts the user to enter a two-dimensional array and displays the location of the largest element in the array. Here is a sample run:

7.25 (Markov matrix) An matrix is called a positive Markov matrix if each element is positive and the sum of the elements in each column is 1. Write the following method to check whether a matrix is a Markov matrix.
public static boolean isMarkovMatrix(double[][] m)
Write a test program that prompts the user to enter a matrix of double values and tests whether it is a Markov matrix. Here are sample runs:

Expert Answers


1. P & P Products completed a contract to build a storage facility Company. The construction began on January 1, 2010. The President of P& P Products has consulted with the controller regarding estimated cost and the resulting profit. During her discussion with the controller she was informed that P & P Products used the completed contract method to account construction project. The president asked the controller about the percentage of completion method she remembered from her college accounting courses. She is concerned about recognizing all of the profit in a single year. She asked that the controller prepare a schedule showing the effect on the income statement and balance sheet under the percentage-of-completion vs the completed contract method. Unfortunately, the controller has delegated this task to you.
Cost = $3.2 million, cost = $5,760,000, cost = $3,840, 000
Estimated cost to complete as of the end of 2010, $10,800,000.00, estimated cost to complete as of the end of 2011 $4,000,000.00.
Billings to Alpha Company in 2010 was $3,000,000.00, $5,000,000.00 with remaining billings during 2012.
The contract price was $18,000,000.00
Requirement: Prepare a schedule showing how much profit is recognized 2010, 2011, and 2012 under the percentage of completion and completed contract method.
2. P & P Products entered into a lease agreement with Beta Company, Inc. to purchase a piece of equipment on January 1, 2012. The terms of the lease are 8%, 5years lease with a 6 year useful life. The first payment is made on January 1, 2012. The machine has a fair value of $600,000.00. The residual value is zero. P & P Products does not know the interest rate that Beta uses. Assume that the entries have not yet made on the books of P & P Products.
Requirement: Prepare a five year amortization schedule. Make all necessary entries on the books of P& P Products first year.
Long Term Liabilities
3. The following information is relevant to a bond issue. P & P Products issued $1,800,000.00 face value of bonds on April 1 of 2012. The bonds are sold for $1,908,000.00. They pay 8% interest each year on December 31 and become due in 10 years from their date of January 1 2012. One half of the bonds are redeemed on January 1 of 2015 for $918, 000.00. The company uses the effective interest method to amortize the bonds. The market rate is 6%.
Requirement: Prepare an amortization schedule first 5 years and make entries issuance, payment of interest 2012 through 2014 and the redemption of the bonds.
4. On January 1 2012 P & P Products purchased $1,000,000 of 8%, 5 years Delta Products ( a wholly owned subsidiary of P & P ) bonds on the open market for $960,000. The bonds are dated and were issued by Delta Products on January 1, 2010. The bonds pay interest each January 1 and July 1. The effective interest method is used. The market rate is 10%.
Requirement: Make any necessary entries Products.
Deferred Taxes
5. The following information is provided:
Income before Taxes $900,000.00
Income before taxes included the following
-Interest income of = $80,000(from municipal bonds)
-Rental income was collected in advance in 2011 and earned in 2012 = $20,000
-A piece of equipment was purchased in 2012. Depreciation per books = $40, 000 and
per income taxes $100,000.
-Warranty expense in 2012 was $20, 000.00 but purposed only $5000
was deductible
-Assume that at the beginning of 2012 deferred tax asset = $8,000 due to the rent income.
-Tax rate and the foreseeable future is 40%.
Requirement: a) Calculate the taxable income. b) Make the necessary tax entry. (Include the amounts expense and deferred taxes)
Property, Plant & Equipment
6. The following information is provided:
• Fourteen new computers- $140,000, additional $2,000 and 6% tax on $140,000. Estimated useful life is 5 years with 5% salvage value. They are treated as a single unit reporting purpose.
• Ten existing computers will be traded in (total trade in value $10,000) new computers. The computers are treated as a single unit with an original cost of $80,000 and book value of $8,000. The remainder was paid in cash.
• Additional IT personnel to support the additional workload created by HR department- $200,000 annually which includes fringe benefits and taxes.
Requirement: Prepare the potential journal entries above items (considered not having commercial substances)
9. P & P Products, during 2012, began and completed a small warehouse. Construction on the warehouse began January 2, 2012. Expenditures were made as follows: January 2, $1,000,000, March 1, $900,000, July 1, $400,000 and October 1, $800,000. P & P Products financed the project by issuing $1,000,000 in stock at the beginning of 2012 and borrowed $1,200,000 from The Last National Bank at an interest rate of 8%. In addition the company had the following debt: $1,000,000 interest rate of 9% borrowed in 2010, $2,000,000, 11% note borrowed in 2009. The warehouse was completed in 2013.
A) Calculate the 2012 weighted average accumulated expenditures
B) How much is avoidable interest
C) How much is actual interest
D) Make the entry capitalizing interest.
7. P & P owns the following securities. Information relating to the below available equity securities is presented.
Security Cost Market Value, December 31, 2012
A $10,000,000 $40,000,000
B $20,000,000 $14,000,000
C $5,000,000 $15,000,000
D $20,000,000 $12,000,000
Total $55,000,000 $81,000,000
P & P is concerned about meeting the annual earnings estimate. The CEO has made two proposal related to yearend investment activities:
1. Sell securities A and C. Assume the company will sell the securities 12/31/05 market value.
2. Tell the auditors that the company has decided to sell all of the securities in the near term. This decision is the basis reclassification of the securities from available-for-sale to trading.
Requirement: Compute the amount of the effect of each proposal on P & P’s Income statement. Ignore Income tax consideration.
8. The following facts pertain to the P & P Products’ pension plan . Expected return on plan assets is 15%, the FMV of plan assets, on January 1, 2012 is $100,000, the FMV on December 31, 2012 is $130,000, contribution to pension plan was $14,000 and benefits paid to retired employees was $8,000.
Requirement: Determine the Actual return on plan assets component of net pension cost 2012. Assume contribution and benefit payments were made at year end.
12. Refer to question 11, Consider the following information as of the beginning of 2012. The projected benefit obligation or PBO was $135, 000; the accumulated gain (loss) in Other Comprehensive Income (OCI) was $20,000 and the average remaining service period of active employees 20 years.
a) Determine the difference between the actual and expected return on plan assets .
b) Determine the amortization of the net gain or loss accumulated in OCI.
c) Determine the gain or loss recognized as a component of pension cost in 2012.
d) Determine the accumulated gain or loss that would be carried forward in OCI in 2013.
Stockholders’ Equity and Earnings Per Share
9. During 2012 P&P Products made the following common stock transactions ( class B stock). of the following give the entry(s) that P & P Products would have made. The common stock has a par value of $10.
A) On January 5th, P & P Products issued a property dividend. Investments (stock in the ABC company) comprising of 1000 shares was issued. The stock has a fair market value of $25 per share. The stock cost P &P Products $20 per share. They issued the ABC stock one month later. Make the entry(s).
B) On February 14, P & P Products declared a 10 % stock dividend (assume 92,623 shares of $10 par outstanding stock). On that date market value of the stock was $14. One month later they issued the common stock dividend. Make the entry(s)
C) On August 12th, P & P Products declared a cash dividend of $.50 per share of common stock. Assume 92, 623 shares plus those issued in (B). Make the entry(s).
D) On October 14th, P & P Products issued a 2 stock split. (assume the number of shares outstanding you used in (C). Make the entry(s).
E) On May 15th, P & P Products issued 5,000 shares of cumulative 8% preferred stock with a par value of $100 for $112 per share. Make the entry(s).
F) Assume the following: At the end of the year there were 92, 623 shares of common stock outstanding and $5,000 shares of non-cumulative/non-participating preferred stock outstanding. P & P Products wants to issue cash dividends totalling $77, 050. Calculate how much goes to preferred stock holders and common stock holders
Current Liabilities
9. The controller & Products, neglected to have her staff accrue the payroll last week in December, 2012. The following data should have been considered and accounted P & P Products’ book.
-Total Payroll = $1,350, 000
-Income taxes to be withheld = $ 150,000
– FICA taxes applicable to the payroll accrual = $28,000
-FUTA taxes on accrued payroll = $4,000
– Total compensated absences related to the payroll = $75,000 vacation time and $85,000 sick time.
-Employees who do not take vacation will receive compensation in lieu of time taken off. Sick time does not vest and if the employee does not used their sick time it is forfeited back to the company. Union dues that should have been withheld from employees’ payroll= $12, 000.
Required: Journalized all entries that are necessary to accrue the above payroll.

Jackson County


Jackson County judges try thousands of cases per year. In an overwhelming majority of the cases disposed, the verdict stands as rendered. However, some cases are appealed, and of those appealed, some of the cases are reversed. Jackie Chan of The Star Tribune conducted a study of cases handled by Jackson County judges over a three-year period. In the Excel file, Judges, are the results for the 182,908 cases handled (disposed) by 40 judges in Common Pleas Court, Domestic Relations Court, and Municipal Court.

The purpose of the newspaper’s study was to evaluate the performance of the judges. The newspaper wanted to know which judges were doing a good job and which ones were making too many mistakes. You are to assist in the data analysis by using your knowledge of probability and conditional probability to help with the ranking of each of the judges, as well as each court.

Managerial Report
Prepare a report (see below) with your ranking of the judges based on the probabilities and conditional probabilities, as well as the analysis of each court. Include the following seven (7) items in table format to support your ranking. Be sure to use five (5) decimal places for your probabilities in the table, as some of them will be quite small.

  1. The probability of cases being appealed in each of the three different courts.
  2. The probability of cases being reversed in each of the three different courts.
  3. The probability of cases being reversed given an appeal in each of the three different courts.
  4. The probability of a case being appealed for each judge.
  5. The probability of a case being reversed for each judge.
  6. The probability of reversal, given an appeal for each judge.
  7. Rank the judges within each court for each of the probabilities in 4 – 6. Then, find the sum of the ranks and get an overall ranking for each judge. Evaluate and discuss the meaning of your results. Use tables, charts, graphs, or visual dashboards to support your findings.

Your report must contain the following:

  • A title page in APA style.
  • An introduction that summarizes the problem.
  • The body of the paper should answer the questions posed in the problem by communicating the results of your analysis. Include results of calculations, as well as charts and graphs, where appropriate.
  • A conclusion paragraph that addresses your findings and what you have determined from the data and your analysis. Submit your Excel file in addition to your report.




Introduction to Computer Science
Part A: This question is to be submitted to the instructor in the form of a Word (or Open Office) document containing the Java code and appropriate screen capture(s) of the output. The file name must be in the form ASSIGN2A_YourName where ‘YourName’ is your last name followed by your first name with no space. Upload the file to CMS.
Problem 12.15 (Page 490)
The output must be displayed as 5 columns of digits – that is 5 numbers per row. Use printf (Page 145-148) to make sure the columns are formatted nicely.
Problem 12.19 (Page 490)
Report the result to the screen.
Part B: Write code and test the solutions for the following problems from the textbook. Submit the .java files for each question to CMS.
Problem #1
Write a program that will remove all the occurrences of s specific string from a text file. Your program should first ask for the text file name to be processed – and after verifying that the file exists, ask the user for the string of text to be removed. Assume the string has no white space – just characters. Save the new file using the old filename appended with “Ver2-“ at the front. So for the file “MyStuff.txt” the file would be saved as Ver2- MyStuff.txt”.
Problem 12.13 (Page 489-490)
The file name for this question will be collected from the user using an appropriate prompt. The report should look something similar to the output in Figure 12.13.