State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. identify any specific asset affected. if no effect, indicate the reason. transaction asset effect account affected or why assets are not affected a. paid $400 cash on accounts payable. decreased cash b. made a cash purchase of land for a building site for the business, $89,000. c. sold land and received cash of $69,000 (the land was carried on the company's books at $69,000). no effect d. received $15,400 cash from customers on account. increased accounts receivable e. purchased medical equipment and signed a $90,000 promissory note in payment.

The risk-free rate is 7% and the expected rate of return on the market portfolio is 11%. a. calculate the required rate of return on a security with a beta of 1.92. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. if the security is expected to return 15%, is it overpriced or underpriced?

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

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