Question 1
Question 1 1. Suppose you take a mortgage for $72,764 for 16 years with annual payments. If the annual interest rate is 3.4%, calculate the total interest amount paid over the life of the loan. That is, calculate the total interest paid in 16 years. Hint: Use the amortization table. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 2 1. ABC Company earned $805,544 in taxable income for the year. How much tax does the company owe on this income? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 3 1. ABC is reviewing a project that will cost $1,802.The project will produce cash flows $683 at the end of each year for the first two years and $777 at the end of each year for the next three years. What is the profitability index? Assume interest rate is 13%. Note: Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 4 1. If you receive $1,939 at the end of each year for the first three years and $2,224 at the end of each year for the next two years. What is the future value of this cash flow stream? Assume interest rate is 4%. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 5 1. ABC Company has $621,809 of operating income after all costs but before $26,740 of interest income, $30,015 of dividend income, and taxes. What is the tax expense? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 6 1. ABC Company had beginning retained earnings of $848. During the year, the company reported sales of $18,389, costs of $6,672, depreciation of $1,656, dividends of $1,262, and interest paid of $1,955. The tax rate is 16 percent. What is the retained earnings balance at the end of the year? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 7 1. ABC Company has total assets of $872,969. There are 42,317 shares outstanding with a market value of $36 per share. If the net profit margin is 8.8% and the total asset turnover is 1.3, what is the price/earnings (P/E) ratio? Enter your answer rounded off to two decimal points. 1 points Question 8 1. ABC Company has net working capital of $2,612, current assets of $9,741, long-term debt of $2,652, and equity of $3,926. What is the amount of net fixed assets? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box 1 points Question 9 1. Debbie wants to have $38,855 in her bank account 5 years from now. The account will pay 0.7% interest per month. How much money does she need to put in her bank account at the end of each month to achieve this goal? Enter your answer rounded off to two decimal points. Do not enter % or $ in the answer box. 1 points Question 10 1. How many years will it take to triple your money at 6% compounded monthly? Enter your answer rounded off to TWO decimal points. Do not enter "years" in the answer box. 1 points Question 11 1. You are given the following data for ABC Inc.: Net income = $600 Net operating profit after taxes (NOPAT) = $1,392 Total assets = $2,500 Stockholders' equity = $1,800 Total debt = $700 Total operating capital = $6,907 Barnes' weighted average cost of capital is 11%. What is the economic value added (EVA)? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 12 1. What is the net present value of the following cash flows? Assume an interest rate of 13% Year CF 0 -$11,804 1 $6,951 2 $5,235 3 $9,416 2. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answers box. 3. 1 points Question 13 1. You are given the following information about ABC Company: Interest expenses = $10,452 Times Interest Earned Ratio = 3.5 times Tax Rate = 32% What is the net income? Enter your answer rounded off to two decimal points. 1 points Question 14 1. Which one of the following capital budgeting technique ignores time value of money? Profitability Index Internal Rate of Return (IRR) Payback Net Present Value (NPV) Modified Internal Rate of Return (MIRR) 1 points Question 15 1. Consider a taxable bond with a yield of 12.9% and a tax-exempt municipal bond with a yield of 5.5%. At what tax rate would you be indifferent between the two bonds? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. 1 points Question 16 1. ABC, Inc. has a total asset turnover of 1.4 and a net profit margin of 12.6%. The firm has a return on equity of 29.7%. Calculate Marshall?s debt ratio. Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box. For example, if you get 0.1234567, then enter as 12.35 in the answer box. 1 points Question 17 1. ABC's current assets comprise of cash, accounts receivables, and inventory. ABC has $14,431 in cash, $9,948 in accounts receivables, and $8,062 in inventory. If the current ratio is 2.2 times, compute the quick ratio. Note: Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 18 1. ABC Company lists total assets of $2,901, current liabilities of $323 , long-term debt of $712 , and 395 shares of common stock. If the market price per share is $55, what is the market-to-book ratio? Enter your answer rounded off to two decimal points. 1 points Question 19 1. Suppose you invest $23,760. If the interest rate is 9% compounded quarterly for the first 10 years and 10% compounded monthly for the next 5 years, what is the future value after 15 years? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 20 1. What is the future value of $21,662 invested for 10 years at 11% compounded semi-annually? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 21 1. ABC, Inc. has total assets of $131,696, current assets of $27,316, current ratio of 2.9, and equity multiplier of 6.1. Compute long term debt. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 22 1. ABC Company has a debt ratio of 0.46. What is the debt-equity (D/E) ratio? Note: Enter your answer rounded off to two decimal points. For example, if your answer is 0.123456789 then enter as 0.12 in the answer box. 1 points Question 23 1. What is the effective rate of 31.69% compounded quarterly? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. 1 points Question 24 1. A project has the following cash flows. What is the internal rate of return? Year 0 1 2 3 Cash flow -$121,000 68,150 $42,200 $39,100 14.39% 14.82% 12.71% 13.47% 13.85% 1 points Question 25 1. ABC Company offers a perpetuity which pays annual payments of $8,150. This contract sells for $308,671 today. What is the interest rate? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box. 1 points Question 26 1. The present value of a 15-year annuity is $124,850. If the interest rate is 18% and payments are made at the end of each period, what is the amount of each payment? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points Question 27 1. If you receive $877 at the end of each year for the first two years and $392 at the end of each year for the next two years. Assume interest rate is 9%. What is the value at the end of the 4th year? That is. solve for FV at the end of the 4th year. Note: Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 28 1. Suppose an investment offers to double your money in 15 years. What annual rate of return are you being offered if interest is compounded semi-annually? Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.
Question 2
the budgeted selling price for truck tires was $200 per tire and for passenger tires was $65 per tire. The beginning finished good inventories were expected to be 2,000 truck tires and 5,000 passenger tires, for a total cost of $328,478, with desired ending inventories at 2,500 and 6,000, respectively, with a total cost of $400,510. There was no anticipated beginning or ending work in process inventory for either type of tire. The standard materials quantities for each type of tire were as follows: Rubber, 30 pounds, truck and 10 pounds, passenger car. Steel Belts, 4 pounds for truck and 1.5 pounds for passenger car steel belts. The purchase prices of rubber and steel were $2 and $3 per pound, respectively. The desired ending inventories for rubber and steel were 75,000 and 7,5000 pounds, respectively. The estimated beginning inventories for rubber and steel were 60,000 and 6,000 pounds, respectively. The direct labor hours required for each type of tire were as follows: truck tire, .25 for molding and .15 for finishing. passenger car tire, .10 for molding department, and .05 for finishing department. The direct labor rate for each department is as follows: molding department: $15 per hour and finishing department: $13 per hour. Budgeted factory overhead costs for 2008 were as follows: indirect materials: $198,500, indirect labor: $213,2000, depreciation of building and equipment: $157,500 and power and light: $122,900. Total of budgeted factor overhead costs: $692,100. Required: Prepare each of the following budgets for Glide for the year ended 2008: sales, production, direct material, direct labor, factory overhead and costs of goods sold budget. A listing of budgeted selling and administrative expenses for Glide Tire Company in P7-2 for the year ended December 31, 2008, were as follows: advertising expense: $942,000, office rent expense: $125,000, office salaries expense: $821,000, office supplies expense: $45,500, officers' salaries expense: $661,000, sales salaries expense: $868,000, telephone and fax expense: $33,500 and travel expense: $443,000. Required: prepare a selling and administrative expenses budget, in good form, for the year 2008. Using the information above and the budgets prepared in P7-2, prepare a budgeted income statement for the year 2008, assuming an income tax rate of 40%.,Thanks.
Question 3
Write a five-to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis you will discuss the financial health of this company with the ultimate goal of making a recommendation to other investors. Your paper should consist of the following sections: introduction, company overview, horizontal analysis, ratio analysis, final recommendation, and conclusions. Your paper needs to include a minimum of two scholarly resources in addition to the textbook as references. Here is a breakdown of the sections within the body of the assignment: Company Overview Provide a brief overview of your company (one to two paragraphs at most). What industry is it in? What are its main products or services? Who are its competitors? Horizontal Analysis of Income Statement and Balance Sheet Prepare a three-year horizontal analysis of the income statement and balance sheet of your selected company. Discuss the importance and meaning of horizontal analysis. Discuss both the positive and negative trends presented in your company. Ratio Analysis Calculate the current ratio, quick ratio, cash to current liabilities ratio, over a two-year period. Discuss and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations of the current and quick ratios. Are there any factors that could be erroneously influencing the results of the ratios? Discuss liquidity issues of competitive companies within the same industry. Recommendation Based on your analysis would you recommend an individual invest in this company? What strengths do you see? What risks do you see? It is perfectly acceptable to state that you would recommend avoiding this company as long as you provide support for your position. Writing the Final Paper 1. Must be five to seven double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center. 2. Must include a title page with the following: a. Title of paper b. Student?s name c. Course name and number d. Instructor?s name e. Date submitted 3. Must begin with an introductory paragraph that has a succinct thesis statement. 4. Must address the topic of the paper with critical thought. 5. Must end with a conclusion that reaffirms your thesis. 6. Must document all sources in APA style, as outlined in the Ashford Writing Center. 7. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.
Question 4
A simple random sample of five months of sales data provided the following information: a.Develop a point estimate of the population mean number of units sold per month. b.Develop a point estimate of the population standard deviation (to 2 decimals). The president of Doerman Distributors, Inc., believes that 26% of the firm's orders come from first-time customers. A simple random sample of 80 orders will be used to estimate the proportion of first-time customers. a.Assume that the president is correct and p = 0.26. What is the sampling distribution of for this study? - Select your answer -A normal distribution because np and n(1-p) are both greater than 5A normal distribution because np and n(1-p) are both less than 5A non normal distribution b.What is the probability that the sample proportion will be between .20 and .40 (to 4 decimals)? c.What is the probability that the sample proportion will be between .25 and .35 (to 4 decimals)? The College Board American College Testing Program reported a population mean SAT score of = 1020 (The World Almanac 2003). Assume that the population standard deviation is = 100. a.What is the probability that a random sample of 75 students will provide a sample mean SAT score within 10 of the population mean (to 4 decimals)? b.What is the probability a random sample of 75 students will provide a sample mean SAT score within 20 of the population mean (to 4 decimals)?
Question 5
This paper absolutely has to be done by the deadline given, please only reply if you have assurance that your schedule will allow you to complete by allotted time, Thank you. I will need the same person to complete Unit 1 assignment as does Unit 2 assignment. Unit 1 assignment is the one we are concentrating on now and the one that is due today. After Unit 1 is completed and sent back to me to review, I will increase price for the Unit 2 paper which you will have several days to complete. The attachments contain info. that needs to be used. The 1st attachment are the directions to be followed. The 2nd attachment is the Template that must be used to write the paper. The 3rd attachment is the PEST Template that needs to be used. The 4th attachment is the SWOT Template that needs to be used The 5th and 6th attachments are from the textbook to be used as 1 of the references. The 7th attachment is my person vision/mission statements. (Redefine and or change as necessary) Some tips from the Professor: "Use a citation (reference) in the mission and vision statements - one that supports what constitutes a good mission or vision statement - and examples of good mission and vision statements. The QuickMBA site should also be used as a reference. Be sure there is continuity between all the steps. The Environmental Scan (Step 3) needs to support the mission and vision. If I look at what you have in the SWOT and PEST it needs to be specific to the mission/vision statements, this has been a common problem in the past". Be sure to follow and use the Templates. Put the charts in the Appendix and label them (Appendix A, B, etc.) for reference in the narrative as appropriate. Students often relate their mission and vision to employment which is great.....a very generic mission (e.g., "to solve world hunger", "be the best I can be", "contribute to the greater good of mankind", etc.) are perhaps noble statements but they become very difficult to define in the subsequent steps. You will lose valuable points if the mission and vision are not thoughtfully constructed based on sound principles -- use outside references and scholarly references and journals to research strategy development. Be somewhat specific in the M and V to enable Steps 3 - 5 and connect the dots for a cohesive package once finished. These are things you would want to do in developing a strategy for a business or organization.
