FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Please see attachedarrow_forwardCalculate the Treynor measure of the Tiger Fund. O9.71% O 13.1% 8.56% 55.92% O 3.60%arrow_forwardThe followings are cash flows of two mutually exclusive projects: Projects I and II. Project I: Year 0: -200,000, Year 1: 50,000, Year 2: 100,000, Year 3: 150,000, Year 4: 40,000 Project II: Year 0: -100,000, Year 1: 40,000, Year 2: 90,000, Year 3: 30,000, Year 4: 60,000 The cost of capital for the company is the same as what you have estimated in the previous question (use a round number, round to the closet integer). Which project should the company select based on the following criteria? Cost of Capital = 10.9% a. Payback period (The critical payback period is 2.5 years) Payback(Project 1)= Payback(Project 2)= Which one should you choose? (Better) b. Net present value NPV(Project 1)= NPV(Project 2)= Which one should you choose? (Better) c. Internal Rate of Return IRR(Project 1)= IRR(Project 2)= Which one should you choose? (Better) d. Profitability Index PI(Project 1)= PI(Project 2)= Which one should you choose? (Better)arrow_forward
- Attend all partarrow_forwardaccarrow_forwardThe General Fund has a Due from Capital Projects Fund of S48,000 and a Due from Water Enterprise Fund of S120,000. The Capital Projects Fund has a Due to General Fund of S48,000, and the Water Enterprise Fund has a Due to General Fund of $120,000. What will be the amount of internal balances reported in the government-wide statement of net position? O Internal balances of $48,000 O No internal balances are reported. O Internal balances of $148,000 O Internal balances of $120,000arrow_forward
- Evaluate the following capital project proposals, given a capital budget of $750 million. project: IO (millions) PV(NCF 1-n) (millions) A 100 120 B 500 625 C 400 490 D 250 290 please show work. I don't understand how to find the NPV Answer: NPV= 165 million IO = 750 millionarrow_forwardUsing the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios for each of the five (5) funds shown and for the “Total Governmental Funds:”a. Current Ratiob. Net Working Capitalc. Debt Ratio 1d. Debt Ratio 2e. Unrestricted Net Assets Ratiof. Response RatioReconciliation of the Governmental Funds Balance Sheetto the Statement of Net Position September 30, 2015Total fund balances- governmental funds $ 157,315,850Amounts reported for governmental activities in the statement of netposition are different because:Capital assets used in governmental activities are not current financialresources and therefore are not reported in the governmental funds. 1,241,213,205Net OPEB obligations are created through the estimated calculation of the county'semployer contribution toward the retiree's benefits. The amount greater or less than the 5,549,497annual required contribution is posted as an asset/(liability).Deferred outflows for bond refunding losses are…arrow_forwardIf an internal service fund is intended to operate on a cost-reimbursement basis, then user charges should a. cover the full costs, both direct and indirect, of operating the fund. b. cover the full costs of operating the fund and provide for future expansion and replacement of capital assets. c. cover at a minimum the direct costs of operating the fund. d. do all of the above.arrow_forward
- f2arrow_forwardBoa City had the following fixed assets:Fixed assets used in proprietary fund activities . . . . . . . . . . . . . . . . . $1,000,000Fixed assets used in general government activities . . . . . . . . . . . . . . . 9,000,000What aggregate amount should Boa account for in the general fixed assets account group?a. $9,000,000b. $10,000,000c. $10,800,000d. $11,800,000arrow_forwardYou are given the following cash flow information for Project A TV Inflows Year 0 PV Outflows -$150,000.00 1 Project A -$150,000.00 $80,000.00 -$25,000.00 $50,000.00 2 $80,000.00 -$30,000.00 $75,000.00 Totals 3 4 5 6 O 19.33% $75,000.00 Now assume that the project's cost of capital is 16.0 percent, but that its true reinvestment rate is 24.0 percent. Given this information, determine the project's modified internal rate of return (MIRR). Ⓒ 18.56% 5 ptsarrow_forward
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