Reference no: EM131115855
1. Refinancing of Short-Term Debt Andretti Inc. issued $10,000,000 of short-term commercial paper during the year 2010 to finance construction of a plant. At December 31, 2010, the corporation's year-end, Andretti intends to refinance the commercial paper by issuing long-term debt. However, because the corporation temporarily has excess cash, in January 2011 it liquidates $3,000,000 of the commercial paper as the paper matures. In February 2011, Andretti completes an $18,000,000 long-term debt offering. Later during the month of February, it issues its December 31, 2010, financial statements. The proceeds of the long-term debt offering are to be used to replenish $3,000,000 in working capital, to pay $7,000,000 of commercial paper as it matures in March 2011, and to pay $8,000,000 of construction costs expected to be incurred later that year to complete the plant.
(a) How should the $10,000,000 of commercial paper be classified on the December 31, 2010, January 31, 2011, and February 28, 2011, balance sheets? Give support for your answer and also consider the cash element.
(b) What would your answer be if, instead of a refinancing at the date of issuance of the financial statements, a financing agreement existed at that date?
Write a gui application to simulate writing out a check
: Write a GUI application to simulate writing out a check. The value of a check can be between 0 – 999,999,999,999.99. Your application will accept a name and a value. And display it on a check. As a minimum you will display the following information:
|
What is your expected price when you sell the bond
: What is your expected price when you sell the bond? What is the standarddeviation?
|
Abridged version of a statistics book
: Your manager, who just read an abridged version of a statistics book, wants you to test hypotheses for the difference in two population means.
|
Is it ever acceptable to make threat that involves violence
: Sherman made some threats and claims he could not prove. What were they? Was doing this a good strategy? Is it ever acceptable to make a threat that involves physical violence?
|
Refinancing of short term debt andretti inc. issued
: What would your answer be if, instead of a refinancing at the date of issuance of the financial statements, a financing agreement existed at that date?
|
What is the breakeven level of sales in units
: Petsmart is thinking of developing a new line of goods made especially for people to hang out with their dogs and get a little exercise. What is the breakeven level of sales in units and dollars for the project
|
Which is not measured by the job descriptive index
: Three of the following are objectives of the unemployment insurance program. Which is not an objective of the unemployment insurance program? Why are growing numbers of employers opting for defined-contribution plans?
|
What type of information would you look for
: What type of information would you look for? Who else would you interview? How would you approach each of the different individuals? What factors will affect your approach? When would you suggest approaching James?
|
National aids behavioral surveys sample
: In the National AIDS Behavioral Surveys sample of 2673 adult heterosexuals, 0.2% (that's 0.002 as a proportion) had both received a blood transfusion and had a sexual partner from a group at high risk of AIDS. Explain why we can't use the large-sa..
|