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(solution) Here is my review for the term test. I try be myself but I cannot


Here is my review for the term test. I try be myself but I cannot do it perfectly and it seems I made some mistakes. If any professor can help me to solve it, it is very helpful for my upcoming test. Thank you. 


CHAPTER 2 QUESTIONS 19,21,32 Question 19 page 49 Sales

 

Cost of goods Sold

 

Gross Margin

 

Selling and Admin

 

Depreciation

 

EBIT

 

Interest

 

EBT

 

Taxes 35% Net Income

 

A

 

B Net Income

 

Operating Cash Flow c Explain your result in A & B Question 21 Sales

 

Cost of goods Sold

 

Gross Margin

 

Depreciation

 

EBIT

 

Interest

 

EBT

 

Taxes

 

Net Income

 

Dividends paid $ 34%

 

1,300 A

 

B

 

C Whst is the Net Income

 

What is the operating Cash Flow

 

What is the cah flow form Assets, Is this possible?

 

Change in Net Working Capital

 

Net Capital spending

 

CFA D If no new debt was issued, what is CFC, CFS

 

CFC CFS CFS Question 32 Equipment

 

Installation Class 8 Building Class 3 Calculate total CCA for 2011 and 2012 CHAPTER 3 QUESTIONS 26, 30 Question 26 PAGE 80/81 ASSETS

 

Current Assets

 

Cash

 

Accounts Receivable $

 

$ 2011

 

21,860 $

 

11,316 $ 2012

 

22,050

 

13,850 Inventory $ 23,084 $ 24,650 $ 56,260 $ 60,550 Net Plant and Equipment $ 234,068 $ 260,525 Total Assets $ 290,328 $ 321,075 Total Current Assets

 

Fixed Asset Statement of Comprehensive Income

 

for the year ended 2012

 

$

 

305,830 Sales

 

Cost of goods sold

 

Gross Margin $

 

$ 210,935

 

94,895 Depreciation

 

EBIT $

 

$ 26,850

 

68,045 Interest

 

EBT $

 

$ 11,930

 

56,115 $ 19,640 $

 

55% $ 36,475

 

20,000 $ 16,475 Taxes 35% Net Income

 

Less Dividends Paid

 

Additions to Retained Earnings CHAPTER 4 27,28,29 Question 27 page 108/109 Sales

 

Costs Statement of Income

 

$

 

929,000

 

$

 

723,000 Other Expenses

 

EBIT

 

Interest

 

EBT $

 

$

 

$

 

$ 19,000

 

187,000

 

14,000

 

173,000 35% $ 60,550 $

 

$

 

$ 112,450

 

33,735

 

78,715 Taxes

 

Net Income Dividends

 

Added to R/E Statement of Financial Position

 

ASSETS

 

Current Assets Current Liabilities

 

Cash $ 25,300 Accounts Receivable $ 40,700 Inventory $ 86,900 $ 152,900 Total

 

Fixed Assets Owner's Equity Net Plant and Equipment Total Assets $ 413,000 $ 565,900 Total Liabilities and Owner's Equity Required Prepare Pro-forma financial statements projecting a

 

Interest, the tax rate and dividend payout ratio will remain constant

 

Costs, other expenses, current assetsand accounts payable increase spontaneously with sa

 

The firm is operating at full capacity

 

what is the EFN?

 

Cut and Paste F/S Question 28 If the firm is operaitng at 80% capacity, what is the EFN? Question 29 Keep the Debt-Equity constant, what is the EFN? $

 

$ ng Cash Flow

 

w form Assets, Is this possible? $ 730,000 $

 

$

 

$ 580,000

 

150,000

 

105,000 $ 135,000 $

 

$ 75,000

 

- $ - $ - $ - Beg Net Fixed Assets $

 

$ - Current Assets

 

Current Liabilities $

 

$ - $

 

$ - Ending Net Fixed Assets

 

Current Assets $ - Current Liabilities $ - $

 

$ - - $

 

$

 

$ issued, what is CFC, CFS

 

$ - - 21. Nanticoke Industries had the follo

 

$22,800; cost of goods sold = $16,05

 

interest expense = $1,830; dividends

 

the year, net assets were $13,650, cu

 

liabilities were $2,700. At the end of

 

$16,800, current assets were $5,930,

 

The tax rate for 2012 was 34 percent 20% $

 

$ 4,125,000

 

75,000 5% $ 4,000,000 32. Havelock Industries bought new

 

with a CCA rate of 20 percent for $4,

 

$75,000 for installation it capitalized

 

million in a new brick building (Class

 

During 2011 Havelock finished the pr

 

CCA for Havelock for 2011 and 2012. EARL GREY GOLF CLUB

 

Statement of Financial Position

 

LIABILITIES AND OWNERS EQUITY

 

Current Liabilities

 

Accounts Payable

 

Notes Payable $

 

$ 2011

 

19,320 $

 

10,000 $ 2012

 

22,850

 

9,000 $ 9,643 $ 11,385 $ 38,963 $ 43,235 $ 75,000 $ 85,000 $ 25,000 $ 25,000 Retained Earnings $ 151,365 $ 167,840 Total Equity $ 176,365 $ 192,840 Total Liabilities and Owner's Equity $ 290,328 $ 321,075 Other

 

Total Current Liabilities

 

Long Term Debt

 

Owner's Equity

 

Common Stock 25000 shares rehensive Income Calculate the following Ratios for 2012

 

Solvency Current Ratio

 

Quick Ratio

 

Cash Ratio Asset Utilization Total asset Turnover

 

Inventory Turnover

 

Receivables Turnover

 

Long Term SolvencTotal Debt Ratio

 

Debt-Equity Ratio

 

Equity Multiplier

 

Times interest earned ratio

 

Cash Coverage Ratio

 

Profitability RatiosProfit Margin

 

Return on Assets

 

Return on Equity 27. The most recent financial statem

 

Tours Inc. follow. Sales for 2013 are p

 

20 percent. Interest expense will rem

 

rate and the dividend payout rate wi

 

constant. Costs, other expenses, cur

 

accounts payable increase spontane

 

firm is operating at full capacity and

 

equity is issued, what is the external

 

support the 20 percent growth rate i ement of Income ement of Financial Position

 

LIABILITIES AND OWNER'S EQUITY rent Liabilities

 

Accounts Payable

 

Notes Payable

 

Total

 

Long-term debt $ 68,000 $ 17,000 $ 85,000 $ 158,000 Common Stock $ 140,000 Retained Earnings $

 

$ 182,900

 

322,900 $ 565,900 Total Equity al Liabilities and Owner's Equity main constant

 

able increase spontaneously with sales 20% growth rate $ 13,650 $

 

$ 4,800

 

2,700 $

 

$ 16,800

 

5,930 $ 3,150 e Industries had the following operating results for 2012: sales

 

of goods sold = $16,050; depreciation expense = $4,050;

 

nse = $1,830; dividends paid = $1,300. At the beginning of

 

assets were $13,650, current assets were $4,800, and current

 

e $2,700. At the end of the year, net fixed assets were

 

ent assets were $5,930, and current liabilities were $3,150.

 

or 2012 was 34 percent. Industries bought new manufacturing equipment (Class 8)

 

ate of 20 percent for $4,125,000 in 2011 and then paid

 

nstallation it capitalized in Class 8. The firm also invested $4

 

ew brick building (Class 3) with a CCA rate of 5 percent.

 

Havelock finished the project and put it in use. Find the total

 

lock for 2011 and 2012. Question 30

 

Market Value Ratios

 

Market Price of Stock $ 43.00 Growth Rate

 

Calculate: 9% P/E Ratio

 

Dividends per share

 

Market-to-book ratio

 

PEG Ratio recent financial statements for Hopington

 

low. Sales for 2013 are projected to grow by

 

nterest expense will remain constant; the tax

 

dividend payout rate will also remain

 

sts, other expenses, current assets, and

 

able increase spontaneously with sales. If the

 

ting at full capacity and no new debt or

 

ed, what is the external financing needed to

 

20 percent growth rate in sales?

 


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