the plumber. Instead, Baker took the check home signed the plumber's name on the back, and had her husband cash the check at their grocery store. Baker committed which of the following schemes?
Q: If you buy a home with less than 20% down, you will pay an additional monthly fee, PMI (private…
A: The time period is 30 years: PMI is $259.17 The interest rate is 5% Mortgage balance is $278,000 To…
Q: expenses. What is their financi leverage at 40,000 items per year? What is their combined leverage?…
A: Given data SPT currently sells products at a price of $12 and has $ 5,000 interest expenses. In the…
Q: For the cashflow below and for items 1 to 3, suppose that Rafa receives X =P 5,000 at the end of…
A: Present value refers to the current value of an asset present at some future date. It describes…
Q: Classify and journalize the different transactions in the corresponding fund Exercise 1 The City…
A: Need to do Journal entry relating to transactions below
Q: 20. A $3000 issue of nine-year bonds redeemable at par offers 1.5% coupons paid semi- annually. What…
A: As per Bartleby guidelines, If multiple questions are posted, only the first 1 question will be…
Q: On January 1, 1997, a stock portfolio is worth $100 thousand. On September 30, 1997, $8.9 thousand…
A: Time-weighted rate of return - It measures the compound rate of growth in a portfolio. It is used to…
Q: Find the present amount needed to attain a future amount of F dollars in the given time using an…
A: Discounting The process of arriving at the present value based on future cash flows is known as…
Q: 42.50
A: So the loan amount =2200-800=1400,
Q: Find the present value of a 8-year annuity which pays $660 at the beginning of each quarter for…
A: The present value considers the time value of money It says that the value of money received today…
Q: Two mutually exclusive investment projects have the following forecasted cash flows: Year A B 0…
A: The IRR represents the actual return from the investment or project. The IRR method of evaluating…
Q: Hors d'Age Cheeseworks has been paying a regular cash dividend of $8.5 per share each year for more…
A: There should be no immediate stock price reaction.
Q: File 9 e Linda L2 CEMVIR 149254 #99035 5 142056 - TEAROA F72412 8 W20999 QUANTO W75774 NZIZIO…
A: In a financial modeling exercise, we have to complete one column by writing the formula in excel.
Q: A company borrows 400 000 EUR for 18 years at a rate of nstalments every 3 years. ) How much are the…
A: Loans are paid by the equal installments and these installments carry the payment for interest…
Q: 1. What is the total present value of the cash receipts X today (at time 0) if interest is 4.4%…
A: An annuity is a fixed cash flow received at fixed intervals. Present value of Annuity = Cash flows ×…
Q: A lump sum amount of money that must be deposited now to provide a specified series of equal…
A: Annuity means a specified series of payments being made on regular basis. It can be Ordinary…
Q: Ve are given a 15-year $1,000 bond with 8% annual coupons sells at par. (a) Determine the price of…
A: Duration of bond tell the sensitivity of bond's prices with change in interest rate and show how…
Q: Memphis Metro, a service-based firm that provides high-performance training for competitive junior…
A: Effective cost of credit on a bank facility is the cost including the interest expense and…
Q: Find the present value of the following ordinary annuity. Payment Term Interval Periodic Payment…
A: Given: Particulars Amount Periodic Payment(PMT) $2,600 Years 6 Interest rate 4%…
Q: Impact of exchange rate on fdi
A: The exchange rate refers to the rate at which one currency can be exchanged for another. The value…
Q: tate of the economy Probability T-Bills Phillips Pay -up Rubber-made Market Index Recession…
A: Given State of the economy Probability T-Bills Phillips Pay -up Rubber-made Market Index…
Q: The current price of Kinston Corporation stock is $10. In each of the next two years, this stock…
A: An option is a type of financial instrument that is based on the value of underlying securities,…
Q: te of the economy Probability T-Bills Phillips Pay -up Rubber-made Market Index Recession…
A: A stock that performs well irrespective of the state of overall stock market is termed as defensive…
Q: A firm wishes to bid on a contract that is expected to yield the following after-tax net cash flows…
A: The NPV of a project is used to find out the profitability of the project by discounting its future…
Q: he Hartley Hotel Corporation is planning a major expansion. Hartley is financed 100 percent with…
A: IRR is internal rate of return and is the one of the fundamental capital budgeting method that is…
Q: You are in medical school and are trying to decide what specialty you want to train in. You know…
A: Required: Highest NPV of income at opportunity cost @3% Highest NPV of income at opportunity cost…
Q: Please show working for Question 1 without using a spreadsheet
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: A $30 000.00 mortgage is amortized by monthly payments over twenty years and is renewable after five…
A: The mortgage amount is $30,000 The interest rate us 8.5% compounded semi-annually The time period is…
Q: You have a portfolio with a standard deviation of 25% and an expected return of 18%. You are consi…
A: The standard deviation measure the risk and uncertainty about the project. It also measures the…
Q: You are attempting to calculate cost of capital for a private firm, where beta is unknown. How would…
A: Beta of a company measures the systematic risk of the security as compared to the overall market.…
Q: QUESTION 12 Investors can form complete portfolios out of a risk-free asset and a risky portfolio.…
A: We will be evaluating the portfolio weights choice as per the investor risk appetite.
Q: Given the cash flows of the following two project, which project should the company choose if the…
A: The process through which any project or investment's profitability is evaluated is regarded as…
Q: You sell a 50 put for 4 and buy a 55 call for 5. Stock ends at $47. Profit=............
A: An option is a type of financial instrument that is based on the value of underlying securities,…
Q: QUESTION 6 You are considering starting a new factory producing small electric heaters. Each unit…
A: Solution:- Degree of Operating Leverage (DOL) measures the sensitivity of operating income with one…
Q: i invest 900 monthly into retirement account at 6.3 % intrest. If i want to retire when my account…
A: We need to find in how many years a monthly annuity will accumulate up to a target value.
Q: All else the same, the existence of a will result in a higher required return on a bond. a.call…
A: Call provisioning is a feature wherein the issuer of the bond has the right to repurchase the bond…
Q: Maximum house you can afford. You have an income of $70,000 per year. You are applying for a 4.5%,…
A: Loan repayment requires extending periodic payments which can be monthly, quarterly, or annually.…
Q: Why is operating leverage important? Provide three reasons
A: Leverage in a simple sense refers to borrowing funds. A company borrows funds to increase its…
Q: The firm's marginal tax rate is 35%. The firm's currently outstanding 10% annual coupon rate…
A: Preferred stock is an important source of capital besides common stock and debt. It should be noted…
Q: A firm of investment looking for optimal investment portfolio for its client The client wants to…
A: We have to find the optimal investment portfolio for the client that maximizes the return but…
Q: Suppose Intel stock has a beta of 0.88, whereas Boeing stock has a beta of 1.18. If the risk-free…
A: CAPM stands for capital asset pricing model. This model describes the relationship between expected…
Q: The average monthly return for Cola Co. is%. (Round to two decimal places.)
A: Average monthly return is the mathematical average of all monthly returns given above. Rate of…
Q: firm has earnings per share of $2.15 at a sales level of $2 million. If the firm has a degree of…
A: Operating leverage shows change in operating income with change in sales and degree financial…
Q: Dirk required surgery for kidney impairment. His total bill for medical services was $50,000. Dirk…
A: The insured has a medical insurance policy with deductible and coinsurance. We have to find the part…
Q: John invests R50 000 at FS bank for 5 years. He gets an interest rate of 7,2% per annum compounded…
A: Future value of the amount includes the amount that is being deposited and the amount of interest…
Q: Assume that you expect the price of gold to increase over the next month. Does your expectation of…
A: Prices of commodities are determined by market determined and dependent on supply and demand in the…
Q: A debt of $7,000.00 is to be paid off with 10 equal semi-annual payments. If the interest rate is…
A: Debt (P) = $7,000 Semiannual interest rate (r) = 0.05 (i.e. 0.10 / 2) Number of payments (n) = 10…
Q: (Related to Checkpoint 14.1) (Weighted average cost of capital) The target capital structure for QM…
A: Weight of common stock, Ws 42% Weight of preferred stock,Wp 5% Weight of Debt, Wd is 53% Cost of…
Q: Is the debt primarily short-term or long-term? Why?
A: We have to find if the debt is primarily long term and short term. As a first step we will have to…
Q: 43. EAR versus APR. You have just purchased a the purchase, you've arranged for a 30-year mortgage…
A: Particulars Values Purchase price 2950000 Time period 30 years Monthly payment 14300 To…
Q: % Return on T-Bills, Stocks and Market Index State of the economy Probability T-Bills Phillips…
A: To Find: Mean return of T-Bills
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Green, an employee of ABC Corporation, formed a company called Acme Consulting. He opened a bank account in Acme's name and used his home computer to create invoices from Acme for "consulting services." In reality, Acme does not provide any services at all. It is a company in name only. Green submitted the invoices from Acme Consulting to his employer, ABC Corporation. When ABC made the payment on the false invoices, Green collected and deposited them. Green has committed: a. A pay and return scheme O b. A shell company scheme O c. A cash larceny scheme O d. A personal purchases schemeBetty writes a check for $500 payable to Luanne and drawn on Union Planters Bank. Luanne indorses the check on the back and gives the check to Randolph in payment for a couch that Luanne buys from Randolph. Randolph indorses the check on the back, under Luanne's signature, and takes the check to Union Planters Bank to cash. Union Planters Bank dishonors the check, even though there are sufficient funds in Betty's account. Primary liability for honoring the check that Randolph presented to Union Planters Bank lies with: Union Planters Bank and Betty. Betty only, because she is the drawer. Union Planters Bank only. Randolph's only recourse is to sue Union Planters Bank. Luanne only, because Luanne is the party from whom Randolph received the check.Able, a bookkeeper for a small company, typed out checks to a local vendor and her boss signed them. She then used the erase function on her typewriter to delete the vendor's name and insert her own. She also changed the amounts of the checks in the same manner. Then she cashed the checks. What kind of scheme did Able commit? a. A forged endorsement scheme O b. An altered payee scheme O c. A forged maker scheme O d. A concealed check scheme
- Able, a salesman, “borrowed” a stack of blank receipts from a friend who was a waiter at a local restaurant.Able filled in the blank receipts to make it appear that he had been entertaining clients at business lunches. Hesubmitted the receipts to his manager and was reimbursed for the total amount. This scheme can bestbe characterized as: A. A fictitious expense schemeB. A kickback schemeC. A false billing schemeD. A mischaracterized expense schemeWillis signed a blank check and left it in his desk drawer. A thief stole the check, filled it in, and presented it to the bank for payment. The bank paid the check. Can Willis recover the amount of the check from the bank?Select the correct answer(s) for the following multiple-choice questions. Note that there may be more than one correct answer. A group of immigrants moved from town to town in the Pacific Northwest perpetrating the same fraud. An advanced member of the group obtained a paycheck from the largest employer in the town by paying a premium to the check’s value. He then scanned the check and used a variety of software packages to prepare fictitious paychecks from the employer. The group arrived on the next payday, cashed the checks at the local establishment, and moved to another town before the check was presented for payment at the local bank. This is an example of what type of fraud? a. Input fraud b. Processor fraud c. Computer instruction Fraud d. Data fraud e. Output fraud
- Jane has written out a check to Manny for $100. Unfortunately, the check was stolen by Stringer Bell who sold it to Freddy for $90. Stringer signed Manny's name even though he is not Manny. Freddy has no idea of the wrongdoing. Freddy presents the check to the bank but Jane and the bank say, "No way". Can Freddy get the $100? How?Amy is a salesperson for ABC Company. Although ABC never expressly authorized her to collect payments (cash and checks) from the customers, she routinely does so for some of her long standing customers and submits them to ABC, who accepted payment without issue. One day, Amy collects cash from one of her customers and runs off. The customer sues ABC Company. If ABC is liable, it is because Amy has a. apparent authority b. implied authority c. no authority d. express authorityUse legal basis in answering M signed a blank check and put it in his office table. B stole it and filled up the amount and wrote his name as payee. B, negotiated the check to C who paid value therefor in good faith. C, presents it for payment to the drawee bank, but the bank refused to pay due to the stop payment order previously given by A. Can C, collect from M the amount of the check? Can C run after B?
- While assistant treasurer of Travco Corporation, Frank Mitchell caused two checks, each payable to a fictitious company, to be drawn on Travco’s account with Brown City Savings Bank. In each case, Mitchell indorsed the check in his own name and then cashed it at Citizens Federal Savings & Loan Association of Port Huron. Both checks were cleared through normal banking channels and charged against Travco’s account with Brown City. Travco subsequently discovered the embezzlement, and after Citizens denied its demand for reimbursement, Travco brought a suit against Citizens. Is the indorsement effective? Explain.Saul sold goods to Bruce, warranting that the goods were of a specified quality. The goods were not of the quality warranted, however, and Saul knew this at the time of the sale. Bruce drew and delivered a check payable to Saul and drawn on Third National Bank in the amount of the purchase price. Bruce subsequently discovered the goods were faulty and stopped payment on the check. Third National refused to pay Saul on the check. a. What are the arguments that Saul can recover (1) from Bruce and (2) from Third National? b. What are the arguments that (1) Bruce should prevail? and (2) Third National should prevail? c. Who should prevail? Why?Joanna takes a security interest in the equipment in Jason Store and files a financing statement claiming “equipment and all after acquired equipment.” Berkeley later sells Jason Store a cash register, taking a security interest in the register, and (a) files nine days after Jason receives the register or (b) files twenty-five days after Jason receives the register. If Jason fails to pay both Joanna and Berkeley and they foreclose their security interests, who has priority on the cash register? Explain.