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1. Corresponds to CLO 1(a)  On January 15, 2013, Talbot Corporation purchased a parcel of land as a factory site for $425,000. An old building on the property was demolished, and construction began on a new building which was completed on November 31, 2013. Salvaged materials resulting from the demolition were sold for $12,000. Costs incurred during this period included: Demolition of old building, $35,000, Architect's fees, $15,000, Legal fees for title investigation and purchase contract, $7,000, and Construction costs, $980,000. Talbot should record the cost of the land and new building, respectively, as (Points : 7) $425,000 and $980,000 $455,000 and $995,000 $460,000 and $995,000 $460,000 and $983,000 Question 2.2. Corresponds to CLO 1(b) Which of the following costs should be fully expensed in the period in which the expenditure is made? (Points : 7) An outlay made to increase the efficiency of an existing plant asset. An outlay made to maintain an existing asset

1. Next year's annual dividend divided by the current stock price is called the: (a) yield to maturity. (b) total yield. (c) dividend yield. (d) capital gains yield. (e) earnings yield. 2. Payments made by a corporation to its shareholders, in the form of either cash, stock or payments in kind, are called: (a) retained earnings. (b) net income. (c) dividends. (d) redistributions. (e) infused equity. 3. The excess return required from a risky asset over that required from a risk- free asset is called the: (a) risk premium. (b) geometric premium. (c) excess return. (d) average return. (e) variance. 1 4. A stock had returns of 8 percent, -2 percent, 4 percent, and 16 percent over the past four years. What is the standard deviation of this stock for the past four years? (a) 6.3 percent (b) 6.6 percent (c) 7.1 percent (d) 7.5 percent (e) 7.9 percent 5. Nuvo, Inc. stock has a beta of .86 and an expected return of 10.5 percent. The risk-free rate of return i

2.  (TCO B) The following selected data was retrieved from the Wal-Mart, Inc. financial statements for the year ending January 31, 2013: Accounts Payable $38,080 Accounts Receivable 6,768 Cash 7,781 Common Stock 3,952 Cost of Goods Sold 352,488 Income Tax Expense 7,981 Interest Expenses 2,064 Membership Revenues 3,048 Net Sales 466,114 Operating, Selling and Administrative Expenses 88,873 Retained Earnings 72,978 Required: Using the information provided above: 1. Prepare a multiple-step income statement 2. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results AFTER PAYMENT ENTER PASSWORD : "shiv" TO UNLOCK THE SOLUTION  AFTER PAYMENT ENTER PASSWORD : "shiv" TO UNLOCK THE SOLUTION