# 3. If you are the victim of fraud in Oklahoma, the best place to start is bya. calling the Governor’s office for help.b. hiding what happened so no one will find out.c. calling your friends to tell them what happened.d. calling the State Attorney General’s office for advice.Please answer right away

## Related Questions

Use the following words to fill in the blanks in the statements below about the market for loanable funds. Choose from: demanded, supplied; left, right; higher, lowera. A change that makes people want to save less will shift the loanable funds _______ line to the ______. The resulting new equilibrium in the market for loanable funds would be a ______ interest rate and a ______ quantity of funds saved and invested.

supplied , left

higher, lower

Explanation:

When people start consuming more and saving less, this would result into lower quantum of funds parked with banks and financial institutions. Due to shortage of funds, the supply of loanable funds in the market would get reduced i.e the supplied line would shift to the left.

This would raise the equilibrium level for loanable funds which would lead to a higher rate of interest i.e funds will be loaned only at a higher rate of interest. Due to this, the quantity of funds saved and invested would be lower.

Mutual fund A earned 10 percent while B earned 8 percent. The standard deviations of the returns were 7 percent and 4 percent, respectively. Assumr risk free rate of 2%.a) Estimate the Sharpe ratio of each mutual fund
b) According to the Sharpe ratio, which fund performed better?

a) 0.9 & 1

b) Mutual Fund B

Explanation:

For starters, I will define what Sharpe ratio is.....

Sharpe ratio is tagged, the measure of risk-adjusted return of a financial portfolio. It is worthy if note that on the average, a portfolio with a higher Sharpe ratio is considered superior relative to its peers.

You the question, the Sharpe ratios would be calculated as follows:

(Return of portfolio - risk free rate) / standard deviation.

So, for Mutual Fund A:

A = (12% - 3%) / 10%

A = 9% / 10%

A = 0.9

For Mutual Fund B:

B = (10% - 3%) / 7%

B = 7% / 7 %

B = 1

Although the Mutual Fund in A is calculated to have a higher return, the Mutual Fund B is laced with a higher risk-adjusted return.

The question that starts with "On a scale from 1-5..." Is a closed ended question. A closed ended question is usually a yes or no question but in this case its a question that requires a simple, precise, answer.  All of the other questions would require a long response.

The current (year 0) price of the shares of Company XYZ is \$50. There are 1 million shares outstanding. Next year (year 1)’s dividend per share is \$2, which represents a 60% payout from earnings (net income). Investors expect a ROE of 20%, and a constant growth. 1. What will be the dividend per share in year 2 and year 3?

2. What is the current market value of the firm?

3. What will be the value of the firm next year after the payout?

1. The dividend per share in year 2 would be \$2.16.

The dividend per share in year 3 would be \$2.3328

2. The market value of the firm is \$50 million

3. The value of the firm next year after the payout is \$ 54

Explanation:

1. In order to calculate the dividend per share in year 2 and the dividend per share in year 3 we would have to make the following calculation:

dividend per share in year 2=dividend per share in year 1*(1+Growth Rate)

dividend per share in year 1=\$2

Growth Rate=Retention Ratio * ROE

Growth Rate=40% * 20%

Growth Rate=8%

Therefore, dividend per share in year 2=\$2*(1+8%)

dividend per share in year 2=\$2.16

dividend per share in year 3=dividend per share in year 2*(1+Growth Rate)

dividend per share in year 3=\$2.16(1´8%)

dividend per share in year 3=\$2.3328

2. In order to calculate the current market value of the firm we would have to make the following calculation:

market value of the firm=Currect Share Price * Number of outstanding shares

According to the given data:

Currect Share Price=\$50

Number of outstanding shares=1 million shares

market value of the firm=\$50*1 million shares

market value of the firm=\$50 million

3. In order to calculate the value of the firm next year after the payout we would have to calculate first the rate of return as follows:

value of the firm =dividend per share in year 1/rate  of return-growth rate

\$50* Rate of Return - 4 = \$2

Rate of Return = 6 / 50

Rate of Return =12%

Therefore, value of the firm next year after the payout=dividend per share in year 2/rate  of return-growth rate

value of the firm next year after the payout=\$2.16/0.12-0.08

value of the firm next year after the payout=\$ 54

Head-First Company had planned to sell 5,000 bicycle helmets at \$75 each in the coming year. Unit variable cost is \$45 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals \$49,500 (includes fixed factory overhead and fixed selling and administrative expense). Operating income at 5,000 units sold is \$100,500. The degree of operating leverage is 1.5. Now Head-First expects to increase sales by 10% next year.Required:

1. Calculate the percent change in operating income expected.___ %

2. Calculate the operating income expected next year using the percent change in operating income calculated in Requirement 1. \$___

Instructions are listed below.

Explanation:

Giving the following information:

Sales= 5,000 units

Selling price= \$75

The unit variable cost= \$45

Total fixed cost equals= \$49,500

Operating income at 5,000 units sold is \$100,500.

Degree of operating leverage= 1.5

Now Head-First expects to increase sales by 10% next year.

1) % Change on income= ?

We know that the degree of operating leverage is calculated by the following formula:

degree of operating leverage= %change in income/ %change in sales

1.5= %change in income/0.10

0.15= %change in income

15%= %change in income

2) Net operating income

Sales= 5,500*75= 412,500

Total variable cost= 5,500*45= (247,500)

Contribution margin= 165,000

Fixed costs= (49,500)

Net operating income= 115,500

Change in income= (115,500 - 100,500)/100,500= 0.1493= 14.93%

Checker Clackers, Inc. manufactures clackers. Checker’s transactions and accounts included the following during June: Raw materials inventory, beginning \$1,200 Raw materials inventory, ending 1,400 Work in process inventory, beginning 7,100 Work in process inventory, ending 6,800 Raw materials acquired 27,800 Cost of direct materials used in production 27,600 Sales commissions to sell clackers 2,100 Direct labor cost 20,000 Total manufacturing overhead 28,900 How much is cost of goods manufactured for June?

The cost of goods manufactured is \$ 76,800

Explanation:

Computation of cost of goods manufactured

Raw Materials consumed

Opening raw materials inventory                     \$    1,200

Add: Raw materials purchased                         \$ 27,800

Less: Closing raw materials inventory              \$ ( 1,400)

Raw materials consumed                                                                 \$ 27,600

Direct labor Cost                                                                               \$ 20,000