Consider the following transactions for huskies insurance company: equipment costing $37,800 is purchased at the beginning of the year for cash. depreciation on the equipment is $6,300 per year. on june 30, the company lends its chief financial officer $43,000; principal and interest at 6% are due in one year. on october 1, the company receives $13,200 from a customer for a one-year property insurance policy. deferred revenue is credited. for each item, record the necessary adjusting entry for huskies insurance at its year-end of december 31. no adjusting entries were made during the year.

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?