Hi please see attached can you also show work, if you are able to help I appreciate it Thanks
Hi please see attached can you also show work, if you are able to help I appreciate it
Thanks
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Financial Decision Making for ManagersMidterm ExamSpring 2016The Midterm Exam is individual work. All work on the exam should be from your own efforts, withno assistance from classmates, family, friends or others.By proceeding with this exam, you areagreeing not to share the exam content or your responses with anyone, including future students ofMGMT640.Your completed exam is due by7:00 PM on Saturday, March 19.(Upload youranswer sheet and working – if applicable – toAssignmentsfolder inLEO).You must submit a completed answer sheet with your answers.You are not required to submityour working.However, complete working in MS Excel, showing formulas and calculationsmay be considered for partial credit for incorrect answers.Please refer to the Syllabus for the policy regarding late submissions.There will be no make-up exams except for emergencies supported by appropriate documentation.Identify the letter of the choice that best completes the statement or answers the question.____c__1.One of the best ways to reduce agency conflict is bya.instituting severe penalties for bad decisions.b.hiring outside monitors to keep track of the manager’s decisions.c.designing an effective compensation package.d.having managers report to the board of directors.______2.Assume the pre-tax profit of $50,000 has been earned by a business, and the owner/proprietorwants to withdraw all of the after-tax profit for personal use.Assume the tax rate for a C corporationis 34%, while the rate for a person is 27%.The after-tax earnings available under the corporate andproprietorship forms of business are:a.for a corporation, $24,090; for a proprietorship, $36,500.b.for a corporation, $25,125; for a proprietorship, $37,500.c.for either a corporation or a proprietorship, $36,500.d.for either a corporation or a proprietorship, $24,090.______3.Sybarix Group prepared its financial statements for 2015 based on the information below.The company had cash of $1,206, inventory of $14,290, and accounts receivablesof $6,589.The company’s net fixed assets were $42,412, and other assets were $2,822.It had accounts payable of $11,580, notes payable of $2,886, common stock of $21,800,and retained earnings of $14,368.How much long-term debt did the firm have?a.$12,314b.$16,685c.$18,334d.$22,3421
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______4.The Millennium Chemical Corporation announced that for the period ending December 31,2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680.The company’s costs(excluding depreciation and amortization) amounted to 61% of revenues, and Centennialhad interest expenses of $392,168.What is the firm’s depreciation and amortization expense ifits tax rate was 30 percent?a.$540,275b.$486,290c.$958,083d.$779,931The information below should be used for question 52014 and 2015 Balance Sheets for Nabors, Inc($ millions)2014201520142015Cash$310$405Accounts Payable$3,520$3,770Accounts Rec.3,2503,685Notes Payable100155Inventory5,2753,850Long-Term Debt8,7358,800Net Fixed Assets10,96012,670Common Stock5,7505,825Retained Earnings1,6902,060Total Assets$19,795$ 20,610Total Liab. &Equity$19,795$20,610______5.What is the change in net working capital from 2014 to 2015?a.$4,015b.$1,335c.-$1,200d.-$3,405______6.Further Along, Inc. had earnings after tax (EAT) of $320,000 last year. Its expenses includeddepreciation of $55,000, interest of $40,000. It purchased new equipment for $20,000.The company also sold stock for $40,000. What is Ship-to-Shore’s net cash flow for lastyear?a.$380,000c.$315,000b.$425,000d.$395,000______7.GenTech Pharma has reported the following information:Sales/Total Assets = 2.17ROA = 12.74%ROE = 21.58%What is the firm’s profit margin and debt ratio?a.4.3%; 1.90c.3.7%; 1.90b.5.9%; 0.41d.3.7%; 0.472
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