The business plan is the firm’s roadmap. By analyzing your
Get college assignment help at Smashing Essays Question The business plan is the firm’s roadmap. By analyzing your plan for marketing, sales, manufacturing, website design, and more, you greatly improve your chances for business success.Next, a financial institution or other lender will not invest in your company unless you can demonstrate that you have a roadmap to success. Banks want to lessen their risk of default and private investors want a realistic projection for when they will be obtaining a return on their investment.
The information provided in this test allows you to complete transactions for an
The information provided in this test allows you to complete transactions for an Ontario company named BODY ART. BODY ART specializes in high quality aesthetic body art with sterile equipment. Before beginning any tattoo work, customers watch a brief consultation video from a dermatologist describing the process and cost of reversing their decisions. The new manager of the store buys tattoo designs and also creates custom designs for patrons with special requests. Most patrons choose from a stock of designs purchased from other artists. Her assistant completes much of the tattoo work. In stock designs are entered as inventory items, with prices based on size and complexity. Temporary tattoos are also available. The ink used for tattoos is charged to customers as inventory sales. The tattoo application and custom design work are charged as services on the basis of time. All ledgers are used.
What simple interest rate, compounded quarterly, is equivalent to a
Question What simple interest rate, compounded quarterly, is equivalent to a 8.70% effective interest rate?
Max is a businessman; he is trying to decide which
Question Max is a businessman; he is trying to decide which of three mutually exclusive projects (project A, B and C) to undertake. Each of the projects could lead to varying net profit which the businessman classifies as outcomes; in addition there are three state of nature in which the profit is affected across the three projects. He has constructed the following profit table or matrix. Net profit in TZS “000”. ProjectState of nature A B CWorst 50,000 70,000 90,000Most likely 85,000 75,000 100,000Best 130,000 140,000 110,000RequiredState which action would be selected using each of the maximax and maximin criteria
Would appreciate a breakdown and explanation of the following problem.
Question Would appreciate a breakdown and explanation of the following problem. Thank you!! style=”color:rgb(50,96,129);”>A company is evaluating an investment which has an initial investment of $4,000. Annual net cash flows is expected to be $2,000 over the next three years. The company requires a 10% annual return. The present value of an annuity factor for 10% and 3 periods is 2.4869. The present value of $1 factor for 10% and 3 periods is 0.7513. The net present value is ___________
Can someone help me fill out these charts? I’m having
Question Can someone help me fill out these charts? I’m having a hard time Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.10.47 AM.png G A docs.google.com C rhy Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Can someon… My Drive – G… u 38 – Googl… Will some on… 34 (8 points):… u 38 E 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Heading 4 Arial 11 BIU A GOTMY E EE EEEX 31 1 1 1 14171 1 141 12 1 1 1 11 13 1 11 1 1 14 1 1 1 1 1 15 1 11 11 16 1 1 Problem 38-2: Prepare aging accounts receivable schedule and compute estimated uncollectible amounts On December 31, XXX1, the end of its accounting period, the Lomax Corporation’s customers’ accounts reveal the following: Customer Total Comments Category Percent Common $860 $500 not yet due Net yet due 2% $360 is 16 days past due Number of days past due: 1-30 4% Keurig 180 $180 not yet due 31-6 7% 61-90 15% Landis 1,312 $470 is 26 days past due 91-120 25% Over 120 50% $842 is 47 days past due Moore $390 is over 120 days past due Rick 530 $330 not yet due Remainder is 10 days past due Rise 512 $50 not yet due $200 is 14 days past due Remainder is 38 days past due Others 26,198 $22,190 not yet due $1,460 is 19 days past due $1,300 is 52 days past due $700 is 73 days past due $460 is 95 days past due $88 is 412 months past due Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.10.59 AM.png G A docs.google.com C rhy 38 (8 points):… Unit 36 Com… Please refer t… YouTube Can someon… My Drive – G… u 38 – Googl… Will some on… 34 (8 points):… Hunter x Hun… u 38 E 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Heading 4 Arial 11 BI U AN GO MY E EE EE EEX 31 1121 1 1|1 1 13 1 1 1 1 141 11/11 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1 A. Prepare a Schedule of Aging of Accounts Receivable. B. Compute the estimated uncollectible amount for each category and the total estimated uncollectible amount (to nearest dollar). Part A: Schedule of Aging of Accounts Receivable Customer Total Due Not Yet NUMBER OF DAYS PAST DUE Due 1 -30 31 – 60 61 -90 90 – 120 Over 120 Common $860 Keurig 180 Landis 1,312 Moore 390 Rick 530 Rise 512 Others 26, 198 Totals $29,982 Problem 38-2 (continued) putation of Estimated Uncollectible Amount by Category and Total Estimated Uncollectible Amount Category Net yet due 1-30 days past due Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.11.16 AM.png G A docs.google.com C rhy 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Can someon… My Drive – G… u 38 – Googl… Will some on… u 38 6 Share S E File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Heading 4 Arial 11 BIU AS OHMY S BEEBEEX 31 11 1 1 1 1 1 12 1 1 1 |1 1 13 1 1 1 141 11 1 1 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1 Part B: Computation of Estimated Uncollectible Amount by Category and Total Estimated Uncollectible Amount Category Net yet due 1-30 days past due 4 of 6 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due Total Computations: Read more
Swifty Corporation has issued 109,000 shares of $4 par value
Question Swifty Corporation has issued 109,000 shares of $4 par value common stock. It was authorized 494,000 shares. The paid-in capital in excess of par value on the common stock is $257,000. The corporation has reacquired 6,500 shares at a cost of $53,500 and is currently holding those shares. It also had accumulated other comprehensive income of 69,000.The corporation also has 1,300 shares issued and outstanding of 10%, $104 par value preferred stock. It authorized 10,200 shares. The paid-in capital in excess of par value on the preferred stock is $27,600. Retained earnings is $386,000.Prepare the stockholders’ equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) SWIFTY CORPORATION Balance Sheet (Partial)Stockholders’ EquityPaid-In CapitalCapital StockPreferred Stock $Common Stock $Total Capital Stock $Additional Paid-in CapitalPaid-In Capital in excess of $par value-Preferred StockPaid-In Capital in excess of $par value-Common StockTotal Additional Paid-In Capital $Total Paid-In Capital $Retained Earnings $Total Paid-In Capital and Retained Earnings $Accumulated other Comprehensive Income $Less: Treasury Stock $Total Stockholders’ Equity $
What accounts are affected when an asset has been bought
Question What accounts are affected when an asset has been bought on credit (1 October 2011) and is to be paid within 36 months from the purchase date and the financial statements are for the year ended 31 March 2012?
This question was created from Chapter 8 https://www.coursehero.com/file/20431975/Chapter-8/ Why on
Question This question was created from Chapter 8 https://www..com/file/20431975/Chapter-8/ Why on July 10 those calculations include (3.5/4)? where does 3.5 come from? ATTACHMENT PREVIEW Download attachment 20431975-332376.jpeg Assume the same facts as in Example 5, except that Silver Corporation sells the $400,000 asset on November 30, 2017. The cost recovery allowance for 2017 is computed as follows (Exhibit 8.4). February 15 $200,000 x .26 $ 52,000 July 10 $400,000 x .34 x (3.5/4) 119,000 December 5 $600,000 x .38 228,000 Total $399,000
Will someone help me fill out these charts ? I’m
Question Will someone help me fill out these charts ? I’m lost src=”/qa/attachment/8964229/” alt=”Screen Shot 2019-08-01 at 7.26.01 AM.png” /> Attachment 1 Attachment 2 Attachment 3 Attachment 4 Attachment 5 ATTACHMENT PREVIEW Download attachment image.png G A docs.google.com C 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Will some on… My Drive – G… u 38 – Googl… Untitled docu… Untitled document S E 6 Share File Edit View Insert Format Tools Add-ons Help All changes saved in Drive n n @ A 7 75% Y Normal text Arial 9 BIUA GAME BEEBEEX 31 11 1 1 1017 1 11 11 121 1 1 11 13 1 1 141 11 11 15 1 1 1 1 1 16 1 1 1 1 17 1 1 . 1 Part B: Write-Offs Entries for XXX2 DATE ACCOUNTS AND EXPLANATION REF. DEBIT CREDIT May 19 3 of 8 To record write-off under allowance method Jul. To record write-off under allowance method Part C: Adjusting Entry for Uncollectible Accounts at End of XXX2 DATE ACCOUNTS AND EXPLANATION REF. DEBIT CREDIT Dec. 31Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.24.14 AM.png G A docs.google.com C 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Will some on… My Drive – G… u 38 – Googl… Untitled docu… Untitled document S 6 Share File Edit View Insert Format Tools Add-ons Help Last edit was yesterday at 7:20 PM no @ A 7 75% Y Normal text Arial 10 BIUAN GAME BEEBEE X … Problem 39-1: Record adjusting, write-off, and recovery entries under allowance method. Alexander estimates uncollectible accounts under the Allowance Method at 1 1/2% of net sales. All of Alexander’s sales are made on account. Alexander’s General Ledger shows the following selected account balances on December 31, XXX1, before adjustment: Accounts Receivable Allowance for Uncollectible Accounts 31,000 200 Sales Sales Returns and Allowances 140,000 10,000 The Accounts Receivable Ledger contains these debit balances for its customers: Hayes $ 1,400 Landen 700 O’Neal 900 Shannon 600 Other customers 27,400 XXX2 On May 19, Shannon’s account is deemed uncollectible and is written off. On July 7, Hayes goes bankrupt and its account is written off. Sales total $170,000, and sales returns are $15,000. Alexander uses the same estimated uncollectible rate as it did the previous year.Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.25.32 AM.png G A docs.google.com C 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Will some on… My Drive – G… u 38 – Googl… Untitled docu… Untitled document S E 6 Share File Edit View Insert Format Tools Add-ons Help All changes saved in Drive n n @ A 7 75% Y Normal text Arial 9 BI U AN OHMY S BEEBEEX 11|1111 1 1 1 11 12 1 1 1 1 1 13 1 1 1 1 141 11|1 1 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1 1 1 XXX3 On March 26, a recovery is made from Shannon, and a check is received in the amount of $600. Prepare the following entries. . Adjusting entry for uncollectible accounts at end of XXX1 B. Write-off entries for XXX2 C. Adjusting entry for uncollectible accounts at end of XXX2 D. Recovery entries in XXX3 Problem 39-1 (continued) Part A: Adjusting Entry for Uncollectible Accounts at End of XXX1 DATE ACCOUNTS AND EXPLANATION REF. DEBIT CREDIT Dec. 31 To record adjustment for uncollectibles Computations: Part B: Write-Offs Entries for XXX2 DATE ACCOUNTS AND EXPLANATION REF . DEBIT CREDIT May 19Read more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.25.53 AM.png G A docs.google.com C 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Will some on… My Drive – G… u 38 – Googl… Untitled docu… Untitled document S E 6 Share File Edit View Insert Format Tools Add-ons Help All changes saved in Drive n n @ A 7 75% Y Normal text Arial 9 BIU AS GAMY . BEEBEEX 31 11 1 1 1 1 1 12 1 1 1 1 1 13 1 1 1 141 1 1 1 1 15 1 1 1 1 1 16 1 1 1 1 17 1 1.1 Part C: Adjusting Entry for Uncollectible Accounts at End of XXX2 DATE ACCOUNTS AND EXPLANATION REF. DEBIT CREDIT Dec. 31 To record adjustment for uncollectibles Computations: 3 of 8 Part D: Recovery Entries for XXX3 DATE ACCOUNTS AND EXPLANATION REF DEBIT CREDITRead more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 7.26.01 AM.png G A docs.google.com C 34 (8 points):… Hunter x Hun… 38 (8 points):… Unit 36 Com… Please refer t… YouTube Will some on… My Drive – G… u 38 – Googl… Untitled docu… Untitled document S E 6 Share File Edit View Insert Format Tools Add-ons Help All changes saved in Drive n n @ A 7 75% Y Normal text Arial 9 BIU A GOTMY E. BEE. EEX 31 11111 171 1 1 1 1 12 1 1 1 1 1 13 1 1 1 11 14 1 1 1 1 1 151 1 1 1 1 16 1 1 1 To record adjustment for uncollectibles Computations: Part D: Recovery Entries for XXX3 3 of 8 DATE ACCOUNTS AND EXPLANATION REF. DEBIT CREDIT To adjust for uncollectibles
I have a question, please help me to figure out,
Get college assignment help at Smashing Essays Question I have a question, please help me to figure out, thank you!The answer to the fourth question in the following question is shown below. I wonder why 510,000 carry forward is still used in #4? According to the question, carry forward has been used in the third question. Should subtract from the fourth question? And what does LCM stand for? What is the effect in carry forward?Question: Innis Corp. experienced an accounting and tax loss in 20X5. The benefit of the tax loss was realized in part by carryback. The remainder of the tax loss carryforward of $630,000 was not recognized because management felt that there was considerable doubt as to its eventual recognition. In 20X6, a further accounting and tax loss was recognized. This time, the tax loss was much smaller, $120,000, and the benefit of the tax loss carryforwards was still not recorded. In 20X7, the company recorded positive accounting earnings. The taxable income prior to using the loss carryforward was $240,000. There were no temporary differences. The tax rate was 35% in 20X7. The tax rate for 20X8 was 40%, enacted in 20X8.require:1. Record 20X7 tax entries, assuming that the likelihood of using the remaining tax loss carryforwards is still not considered to be probable.2. Assume that in 20X8 accounting and taxable income was $890,000. Record income tax.3. Record 20X7 tax entries assuming that the probability of using the remaining tax loss carryforwards is considered probable for the first time.4. Assume that accounting and taxable income in 20X8 was $890,000 but that the entries from requirement 3 were made. Record 20X8 income tax.answer: 4. 20×8 Entries: Income tax expense……………………………………………………… 356,000 Income tax payable…………………………………………………. 356,000 Income tax payable ($510,000 × .40)……………………………… 204,000 Deferred income tax asset – LCF………………………………. 178,500 Income tax expense………………………………………………… 25,500
Practice Exam ProblemZazzy Company reported the following information for the
Question Practice Exam ProblemZazzy Company reported the following information for the year 2018: /> Zazzy Company Income Statement For the Period Ended December 31, 2018 Sales $636,000 Cost of Goods Sold 240,000 Gross Profit 396,000 Office Expenses 242,000 Depreciation Expense 9,000 Income from Operations 145,000 Interest Expense 0 Income before Income Tax 145,000 Income tax expense 120,000 Net Income $25,000 Zazzy Company Comparative Balance Sheets December 31, 20XX 2018 2017 Assets: Cash and cash equivalents $84,000 $48,700 Accounts Receivable 53,600 50,000 Inventory 39,600 39,000 Prepaid Expenses 5,500 15,000 Equipment 206,000 200,000 Accumulated Depreciation – Equipment (126,700) (117,700) Total assets $262,000 $235,000 Liabilities: Accounts Payable $48,000 $49,000 Accrued Liabilities 44,000 42,000 Stockholders’ Equity: Common Stock 10,000 9,000 Retained Earnings 160,000 135,000 Total Liabilities
List and explain at least two advantages and two disadvantages
Question List and explain at least two advantages and two disadvantages of a partnership as a form of business entity.
can someone help me fill out theses charts?How am I
Question can someone help me fill out theses charts?How am I supposed to calculate the 60 day method ? can you explain it to me Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 9.38.02 AM.png G A docs.google.com stream Take Test: S… Course Hero Revie Hun Please refer… YouTube Will some o… My Drive -… 39 – Google… 40 – Google… Will someon… u 40 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Normal text Arial 11 BIUANGME BEEXO 11 1 1 1417 1 11 14121 11 11 13 1 1 1 1. 141 11 1 1 15 1 1 1 1 1 6 1 1 1 1 17 1 1 1 1 of 6 ASSIGNMENT 40 Note: Actual interest is based on a 365-day year; however, to help you learn to estimate nterest, also try computing interest using the 6%, 60-day Method, which is based on a 360-day year. Remember, the interest formula is: Principal * Rate * Time. The maturity value formula is: Principal Interest = Maturity Value. The principal is also called the face, and time may be referred to as the term. Problem 40-1: Compute interest. Compute the interest on each note using a 360-day year and then computed interest again using a 365-day year. (Try to use the 6%, 60-day Method for the 360-day year amounts.) Interest Interest Principal (Face) Rate Time (Term) (360-day year) (365-day year) A $1,600 6% 40 days B 1,200 7% 60 days C. 3,600 6% 90 days D 640 10% 60 days E 1,952 8% 60 days F . 2,00 5% 60 days Computations Interest Computations: Interest = Principal * Rate * TimeRead more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 9.38.11 AM.png G A docs.google.com Revie Hun Please refer… YouTube Will some o… My Drive -… 39 – Google… 40 – Google… Will someon… stream Take Test: S… Course Hero u 40 E 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Normal text Arial 11 BIUAN GAME BEEXO. 31 11 1 1|1. III141 1 1 1 11 12 1 1 1 1 1 13 1 1 1 1 1 141 1 1|1 1 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1.1 A. 6%, 60-day method, 360-day year Calculator, 360-day year 2 of 6 Calculator, 365-day year Problem 40-1 (continued) B. 6%, 60-day method, 360-day year Calculator, 360-day year Calculator, 365-day year C. 6%, 60-day method, 360-day year Calculator, 360-day year Calculator, 365-day yearRead more ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 9.38.19 AM.png G A docs.google.com Revie Hun Please refer… YouTube Will some o… My Drive -… 39 – Google… 40 – Google… Will someon… stream Take Test: S… Course Hero u 40 E 6 Share S File Edit View Insert Format Tools Add-ons Help All changes saved in Drive 75% Normal text Arial 11 Y 31 11 1 1 1117 1 1411 121 11 11 13 1 1 141 1 1 1 1 15 1 1 1 1 1 16 1 1 1 1 1 17 1 1 1 1 D. 6%, 60-day method, 360-day year Calculator, 360-day year Calculator, 365-day year Problem 40-1 (continued) 3 of 6 E. 6%, 60-day method, 360-day year Calculator, 360-day year Calculator, 365-day year F. 6%, 60-day method, 360-day year Calculator, 360-day year Calculator, 365-day yearRead more
Axle Corporation was formed in 1995. It is based in
Question Axle Corporation was formed in 1995. It is based in Iowa and operates throughout the US Midwest. Axle is owned by the Miller family. The company controls about $250 million in productive and investment assets, most of which are located in Iowa. Axle started out as a wholesale distributor of paint and lacquer products, purchasing gallon-size and larger containers of paints from chemical companies and selling them mainly to retailers in its operating region. Over time, though, the company moved into the manufacturing process as well, purchasing raw chemicals and processing them at its Iowa plant so as to develop its own line of paints, thinners, and spray cans. These manufactured products are sold to the big-box chains, including Ace and Lowes, for retail distribution throughout the world. Both divisions of Axle have been highly profitable, and they are almost recession-proof. The distribution division operates near the Des Moines airport and has prime access to the freeway system. There is adjacent vacant land in case Axle wants to expand those operations. The manufacturing division is located along the river in Davenport. Corporate headquarters take up an entire office building in downtown Des Moines. Axle has been showing an annual fifteen to twenty percent return on equity for the past five years. The officer and management group, longtime employees not related to the Millers, see only future growth in operations and profits for the next decade, and they are all committed to Axle and to Iowa for the long-term. As a profitable regional operation, Axle regularly receives offers from investors interested in a takeover. The Millers have resisted all of these offers so far, given the potential for expansion the Millers believes that the company should now seriously consider the these opportunities. The latest correspondence with the private-equity Cooke Group Inc (a closely held C corporation) is almost too tempting to refuse. The Cooke C-Corporation has a similar business and believes there is a significant earning potential to be gained by taking advantage of the symmetry created by combining the two operations. Cooke shareholders want to merge the Cooke C-Corp with Axle corporation. Cooke says that it will consider merging its C-Corp with Axle plus it would consider paying some cash to Axle’s shareholders, if necessary, but only if the transaction is completed within eighteen months, and the federal income tax consequences are favorable to the group You are Axle’s regular tax consultant and you have a reputation in the Midwest is as the “Master Deal Maker,” because you bring both a high level to technical tax expertise and a skill in negotiating an offer that typically is compelling to “both sides” of the transaction. In your first meeting with both Axle and Cooke Group shareholders you explain the potential for a tax free reorganization. You briefly describe the different types of reorganizations available under the US tax rules as follows: Corporate Reorganizations The Code provides seven different types of tax-free reorganizations [§368(a)(1)]. Ordinarily, no gain or loss is recognized by either the acquiring or the acquired corporations who are parties to the reorganization. In addition, no gain or loss is recognized to the security holders of the corporations involved in a tax-free reorganization in the exchange of their stock and securities. But gain may be recognized when the party receives cash or other consideration in addition to stock and securities. The like-kind exchange rules do not apply to dealings in corporate securities [§1031(a)(2)(B)], but the §368 rules often result in similar treatment. I. –Type A.. – a statutory merger or consolidation, controlled by US, US state, or non-US laws [Reg §1.368-2(b)(ii)]. II. Type B – the acquisition by a corporation, in exchange solely for all or part of its or its parent’s voting stock, of another corporation if, immediately after the acquisition, the acquiring corporation has 80 percent control of the other corporation. III. Type C – the acquisition by a corporation, in exchange solely for all or part of its or its parent’s voting stock, of substantially all of the assets of another corporation. IV. Type D divisive – an existing active business of the corporation, operated for at least the last five years, is transferred to another corporation, in a spin-off, split-off, or split-up. At least 80 percent of the new entity’s stock must be held by the existing corporation. No boot may be used. V. Type E – a recapitalization of the entity’s common or preferred stock and/or debt. V. VI. Type F – a change merely of the entity’s identity, form, or place of organization. VII. Type G – a takeover of a corporation’s stock by its debtors, when the corporation is in a bankruptcy or receivership proceeding. At least 80 percent of the lenders’ debt must be replaced by the debtor’s stock. The favorable tax attributes of the loss corporation (like its NOL and credit carryovers) are eliminated to the extent of the cancelled debt principal [Reg §1.108-7]. You note that the shareholders should consider section 368(a)(1)(A), (B) or (C) type reorganizations. I Develop and diagram an approach for Axle and Cooke to consider, in executing Cooke’s acquisition (develop
Greg Peterson was recently appointed vice president of operations for
Question Greg Peterson was recently appointed vice president of operations for Webster Corporation. He has a manufacturing background and previously served as operations manager of Webster’s tractor division. The business units of Webster Corporation include divisions that manufacture heavy equipment, process food, and provide financial services. In a recent conversation with Carol Andrews, Webster’s chief financial officer, Greg suggested evaluating unit managers on the basis of the business unit data in Webster’s annual financial report. This report presents revenues, earnings, identifiable assets, and depreciation for each business unit for a five-year period. He believes that evaluating business unit managers by criteria similar to that used to evaluate the company’s top management is appropriate. Carol has reservations about using information from the annual financial report for this purpose and suggested that Greg consider other criteria to use in the evaluation. Required: 1. Explain why the business unit information prepared for public reporting purposes might not be appropriate for the evaluation of unit managers’ performance. 2. Describe the possible motivational impact on Webster Corporation’s unit managers if Greg’s proposal for their evaluation is accepted. 3. Identify and describe several types of information that would be appropriate for Greg Peterson to use when evaluating the performance of unit managers. (CMA Adapted)
1. The 2017 financial statements for Growth Industries are presented
Question 1. The 2017 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2017Sales $250,000 Costs 175,000 EBIT $75,000 Interest expense 15,000 Taxable income $60,000 Taxes (at 35%) 21,000 Net income $39,000 Dividends $23,400 Addition to retained earnings 15,600 BALANCE SHEET, YEAR-END, 2017 Assets Liabilities Current assets Current liabilities Cash $8,000 Accounts payable $15,000 Accounts receivable 13,000 Total current liabilities $15,000 Inventories 29,000 Long-term debt 150,000 Total current assets $50,000 Stockholders’ equity Net plant and equipment 190,000 Common stock plus additional paid-in capital 15,000 Retained earnings 60,000 Total assets $240,000 Total liabilities and stockholders’ equity $240,000Sales and costs are projected to grow at 40% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 70% capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal 10% of long-term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of 0.60. What is the required external financing over the next year? (Enter excess cash as a negative number with a minus sign.)
Planning and Control – paper
Before approaching this assignment, be sure that you have watched the following video: Babycakes, a specialty bakery, is the company that will be considered for all parts of your budget planning and control report. For this assignment, you will develop a 3–4-page paper in which you address the following. Your assignment must follow these formatting requirements:The specific course learning outcomes associated with this assignment are as follows:
List a reason a company might manipulate financial statements, and
Question List a reason a company might manipulate financial statements, and what sort of policies or procedures might mitigate the risk, or incentive to manipulate financial statements.
I am able to calculate some this problem using the
Question I am able to calculate some this problem using the formula but where does the 1 come from? />re = $3.00 (1.04)/Issuing New EquityIBU is expected to grow at 4%/year. Their common stock is selling for $69.33, and their most recent dividend was $3.00 per share. Flotation costs are 10% and the marginal tax rate is 25%. A. Calculate the cost of new equity.B. Assume that they need $450,000 for new projects. How much new equity must they issue? Equity needed = Total Issue – Flotation Costs =Total Issue x (1 – F) ATTACHMENT PREVIEW Download attachment Screen Shot 2019-08-01 at 3.48.11 PM.png
Historically, the Botswana Stock Exchange was owned by its members
Question Historically, the Botswana Stock Exchange was owned by its members (stockbrokers), through ownership of Proprietary Rights, and the Government of Botswana through the provision of subventions. Government and brokers have played a meaningful role of developing various facets of the market as a whole. BSE’s demutualisation process commenced on 1st December 2015. That is, the conversion from a member owned, not-for- profit, entity to a for-profit public company limited by shares under the Companies Act. Ultimately, BSE was demutualised on 2nd August 2018 and is now owned by the Government of the Republic of Botswana and the stockbrokers. Demutualisation of the Exchange and registration as BSE Limited on 2nd August 2018 resulted in 81.3% of the BSE owned by Government of Botswana and 18.7% owned by the four (4) stockbrokers (African Alliance Botswana Securities, Imara Capital Securities, Motswedi Securities, Stockbrokers Botswana), (BSE Annual Report 2018). Evaluate the qualitative and quantitative factors that a multinational company should incorporate in assessing whether or not it should undertake an overseas investment in Botswana. Your evaluation should include issues such as; market access to raise finance, economic conditions, political risk and country risk as well as any relevant real-life examples you are familiar with.
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