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Regression and inventories Charlie's Cycles Inc. has $80 million in sales. The company expects that its sales will increase 8% this year. Charlie's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows: Inventories = 9 + 0.1460(Sales) Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level? Enter your answer in millions. For example, an answer of $25,000,000 should be entered as 25. Round your answer to two decimal places. $ million What are your forecasts of the company's year-end inventory turnover ratio? Round your answer to two decimal places.
Prepare a schedule listing the transaction number in one column and beside it in another column show the effect of the transaction on the accounting equation - Prepare the simple income statement, statement of owner's equity and balance sheet for ..
Why did Dell add $769 million in the determination of cash flows from operating activities for depreciation and amortization?
What is the current yield of a 12.4% coupon bond with 20 years to maturity, if the bond is selling for 901.55? 2. Buck buys a bond with an 8.2% coupon and has a current yield of 8.79%. How much did he pay for the bond?
Municipal bonds are issued by state and local governments and government agencies. Corporate bonds are issued by private companies. As an investor, which would you prefer and why? Make sure to discuss the key differences between the two as part of yo..
The forecast for your firm indicates there's a 20% chance that Net Income will be $200,000, a 50% chance it will be $300,000, and a 30% chance it will be $400,000. Assume your firm is zero-growth and pays all its net income in dividends each year Als..
Raylan Givens borrows $150,000 to buy a house. The adjustable rate mortgage carries a 1.5 percent rate for the first 3 years. After that the rate will change annually to reflect market conditions. The annual cap is 2% (i.e., the largest increase in a..
What is a measure of the sensitivity of a stock or portfolio to market risk?
What is the expected arithmetic return of a security based on the following historical data?
You own a portfolio that is 35 percent invested in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected returns on these three stocks are 9 percent, 17 percent, and 13 percent, respectively. What is the expected return on the portf..
Patton Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stock. Its before-tax cost of debt is 13% and its marginal tax rate is 40%. The current stock price is P0 = $22.00. The last dividend was D0..
Mars, Inc. is considering the purchase of a new machine which will reduce manufacturing costs by $5,000 annually. The company will depreciate the cost of the new machine using the straight line method over the project life and it expects to sell the ..
Jemisen's firm has expected earnings before interest and taxes of $1,400. Its unlevered cost of capital is 15 percent and its tax rate is 35 percent. The firm has debt with both a book and a face value of $2,000. This debt has a 7 percent coupon and ..
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