Read the accompanying information sheets about trading and the settlement of trades. This is generally useful information that is important at Jane Street and can help you specifically in this exercise. In the Excel file there is a worksheet called "Data". This contains information about some trades between Jane Street and counterparties that occurred over 2 consecutive days. Assume you start with 100 shares of each security in each CSD. 1. Fill in the "Expected settlement date" column in the "Data" tab. Use details from the information sheets as you need. 2. The company BnL Corp. has an internal systems malfunction. This means all trades that BnL Corp. is trading in will fail to settle. With this in mind, calculate the end of day positions at each CSD in each separate security. There is more than one way to get the correct answers, please remember to show your working. Give your answers in the tables found in the "Answers" worksheet. With respect to this data, complete the following write-ups: a) In your own words, describe the issues with deliverability of securities seen here. b) How could we counteract these issues once they occur? c) We have provided you with an overview of trade settlement. Using this and any other ideas you have, suggest some methods we (Jane Street) could try that would prevent these issues from occurring to us in the future.

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Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.