Question 1
3. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 (TCO 1) Suppose that Sports Baseball has 30,000 shares of stock. What is the dividends per share figure? (Points: 3) 5.0 8.75 5.25 8.50 4. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 (TCO 1) Assuming a tax rate of 30%, what is the EBIT and taxable income for the year? (Points: 3) $1,000,000 and $800,000 respectively $575,000 and $375,000 respectively $565,000 and $365,000 respectively $425,000 and $225,000 respectively None of the above 5. For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold............................... $1.2 million Administrative expenses........................ $250,000 Marketing and selling expenses............... $175,000 Depreciation........................................ $500,000 Interest expense.................................. $200,000 Dividends paid..................................... $150,000 TCO 1) Select all items that will be included in Sports Baseballs, Inc. Income Statement. For this exercise you will be choosing more than one option for your answer: (Points: 3) Accounts receivable Cost of goods sold Net working capital Interest expense Taxes Current assets Short-term loans Cash on hand Inventory
Question 2
""Complete Research Task 1 on p. 349 in International Business, using the information in Figure 11.1 on p. 328. ? Describe your findings in a 200- to 300-word response. Use the globalEDGE? site to complete the following exercises: globaledge.msu.edu 1. You are assigned the duty of ensuring the availability of 100,000 yen for the payment that is scheduled for next month. Considering that your company possesses only U.S. dollars, identify the spot and forward exchange rates. What are the factors that affect your decision of utilizing spot versus forward exchange rates? Which one would you choose? How many dollars do you have to spend to acquire the amount of yen required? 2. As an entrepreneur, you are interested in expanding your business to either Poland or Portugal. As part of your initial analysis, you would like to know how much investment is needed to go to these markets. In order to get a rough number, you hire a consulting firm to do initial investment analysis. The consulting firm provides you a short report about how much money is needed for both countries. The numbers provided are: one million zloty (Poland?s currency) and 45 million escudo (Portugal?s currency). To make a clear comparison, you need to convert these currencies to U.S. dollars. Do the conversion and suggest where to invest." "
Question 3
Complete Study Problem 4-10 from the end of Chapter 4 and submit to the instructor. In Parts a and b, clearly label the calculation of the required ratios and solve using Excel (preferred). Use formulas to calculate the ratios and format the cells to insert a comma if there is more than three numbers. Round any dollar amounts to the nearest dollar (and do not show cents, as in $1,500,075 for $1,500,074.56). For any percentages, round to two decimal places as a percent (as in 9.56% for 9.5632%). In Part c, clearly label the pre and post renovation analysis in the Excel work sheet (preferred). Write a comparative analysis of no more than one page, and be sure to make a recommendation in that analysis for whether or not the renovation should occur based on your numerical analysis. The comparative analysis can be in a separate Word document or included in the Excel worksheet (preferred).,No thank you, you are my saint.,Hi was just wanting to make sure you had received this lesson, I need it by Monday noon if you get a chance can you let me know if you have it please. I also sent a tip on the other paper I hope you got it and that it does go to you.
Question 4
Intermediate Accounting 14th edition Kieso, Weygandt, and Warfield. Acquire a copy of The Proctor & Gamble Company?s most recent Annual Report, and other information about the company?s history, etc., for this assignment by using the Internet or other resources. (Note: Appendix 5B in Chapter 5 of the textbook (pages 246 ? 277) has the financial statements for The Proctor & Gamble Company). Prepare a 750- to 1,000-word written Executive Financial Summary Report, using the information contained in the company?s financial statements: Consolidated Balance Sheets, Consolidated Statements of Earnings, and Consolidated Statements of Cash Flows, the Internet, the textbook and other resources, answering the following questions. (Note: The annual reporting period and fiscal year mean year-end numbers). Please make sure your written paper includes answers to the following questions: 1. Company history: When was the company founded? By whom? List other historical facts. 2. Which audit firm audited The Proctor & Gamble Company? 3. What stock exchange is the company listed on? What is their ticker symbol? 4. How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods (as of June 30, 2009 and June 30, 2008)? 5. What were the company?s total assets at the end of its 2 most recent annual reporting periods (as of June 30, 2009 and June 30, 2008)? 6. What were the company?s total liabilities at the end of its 2 most recent annual reporting periods (as of June 30, 2009 and June 30, 2008)? 7. What were the company?s total liabilities and shareholders? equity at the end of its 2 most recent annual reporting periods (as of June 30, 2009 and June 30, 2008)? 8. What were the company?s Revenues (or Net Sales) for the last 3 annual reporting periods (three years ended June 30, 2009, 2008, and 2007)? 9. What was the company?s Net Income (or Net Earnings) for the last 3 annual reporting periods (three years ended June 30, 2009, 2008, and 2007)? 10. On the Consolidated Statements of Cash Flows what were the amounts for the three years ended June 30, 2009, 2008, and 2007 for the following activities: (a) Cash generated by Operating Activities (b) Cash used in Investing Activities (c) Cash generated by Financing Activities 11. Please compute the following for The Proctor & Gamble Company for the 2 most recent annual reporting periods (as of June 30, 2009 and 2008: (Note: The formulas for these financial ratios are in the textbook). (a) Current Ratio (b) Profit Margin on Sales (c) Debt to Total Assets Please submit a copy of the Consolidated Balance Sheets, Consolidated Statements of Earnings, and Consolidated Statements of Cash Flow for The Proctor & Gamble Company from their 10-K Annual Report, along with your written assignment. (Note: Do not attach the entire Annual Report). Format your written assignment consistent with APA guidelines.,The book is Intermediate Accounting, edition 14th, by Kieso, Weygandt, and warfield. ISBN: 978-0-470-58723-2,Soory, i forget to tell you that you can extend the due date to February 6 at any time.Thank you
Question 5
Gardner Corporation has collected the following information after its first year of sales. Net sales were $1,600,000 on 100,000 units; selling expenses $240,000 (40% variable and 60% fixed); direct materials $511,000; direct labor $285,000; administrative expenses $280,000 (20% variable and 80% fixed); manufacturing overhead $360,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (Round answers to 0 decimal places, e.g. 125.) Contribution margin-Current year $ Contribution margin-Projected year $ Fixed costs-Current year& projected year $ Compute the break-even point in units and sales dollars for the current year. (Round calculations for unit costs to 2 decimal places, e.g. 2.25. Round final answers to 0 decimal places, e.g. 125.) Breakeven point (units) units Breakeven point (dollars) $ The company has a target net income of $310,000. What is the required sales in dollars for the company to meet its target? (Round answer to 0 decimal places, e.g. 125.) $ If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin of safety ratio? (Round answer to 1 decimal place, e.g. 10.5.)
