Pureform, inc., uses the weighted-average method in its process costing system. it manufactures a product that passes through two departments. data for a recent month for the first department follow: units materials labor overhead work in process inventory, beginning . . . . . 5,000 $4,320 $1,040 $1,790 units started in process . . . . . . . . . . . 45,000 units transferred out . . . . . . . . . . . . . 42,000 work in process inventory, ending . . . . . . . 8,000 cost added during the month . . . . . . . . . $52,800 $21,500 $32,250 the beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. the ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. required: 1. compute the first department’s equivalent units of production for materials, labor, and overhead for the month. 2. determine the first department’s cost per equivalent unit for materials, labor, and overhead for the month.

On december 31, 2011, daggett company issued $750,000 of ten-year, 9% bonds payable for $700,353, yielding an effective interest rate of 10%. interest is payable semiannually on june 30 and december 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on june 30, 2012, and (c) the semiannual interest payment and discount amortization on december 31, 2012. round amounts to the nearest dollar.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)