Gotham Corp. issues a 7-year floating rate bond with a par value of $10 million to Bruce beginning of the year 2011. The bond has annual coupons based on one-year LIBOR rate. Five years later, Gotham Corp. hedges against rising interest rates by entering into a 2-year interest rate swap with Tony. On the same day, Bruce expects future interest rates to fall and enters into a 2-year interest rate swap with Peter. Both the swap agreements have notional amount of $10 million, and variable rates based on the one-year LIBOR rate. Six years from the time of the bond issuance, the LIBOR rate falls below the swap rate of both the interest rate swap agreements. Which of the following is TRUE? a. Gotham Corp. is the receiver in the interest rate swap with Tony.
b. Bruce is a debtor of Gotham Corp.
с. Bruce is the payer in the Interest rate swap with Peter.
d. Peter's net swap payment in 2017 is positive.
e. The market value of the swap between Gotham Corp. and Tony at the beginning of 2017, from Tony's perspective is negative

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?