Balance sheet information-how much long-term debt

Assignment Help Financial Management
Reference no: EM13850387

Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $314,000, retained earnings of $512,159, inventory of $211,200, goodwill and other assets equal to $78,656, net plant and equipment of $711,800, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Blackwell Automotive have?

Reference no: EM13850387

Questions Cloud

Where you negotiated with a co-worker : Write a 2 page description of experiences you had where you negotiated with a) a co-worker and b) your boss or an individual who is senior to you in your organization
Summarize what measures measure in health care : In a 1-2 page paper, summarize what measures measure in health care, including the following: the use of measurement for evaluating care, measuring managing needs, measuring quality and cost of services, and measuring health care leadership
Depreciation change-firm net income-free cash flow to change : Last year, Stewart-Stern Inc. reported $11,250 of sales, $4,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds outstanding that carry a 6.5% interest rate, and its federal-plus-state income tax..
Discuss the trends and offer the reader : How has Procter and gambles stock performed in the short term and the long term? Discuss the trends and offer the reader you opinion as to why the stock has performed the way it has.
Balance sheet information-how much long-term debt : Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $314,..
What is the companys net working capital : Laurel Electronics reported the following information at its annual meeting: The Company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,120,400, accounts receivables of $3,452,400, short-term ..
Make to pay off the loan : If you borrow $25,000 today and your annual payments are $1683.95, how many payments must you make to pay off the loan if you are being charged 6% APR compounded annually?
Mortgage payments are monthly cash outflows : Ten years ago, an organization took out a $350,000 30-year mortgage with a 4.75% annual interest rate. Now, it is taking advantage of low interest rates to refinance the mortgage. The new mortgage will be $300,000—enough to pay off the old mortgage a..
Capital asset pricing model-appropriate expected rates : (Capital Asset Pricing Model) The expected return for the general market is 11.0 percent, and the risk premium in the market is 6.4 percent. Tasaco, LBM, and Exxos have betas of 0.831, 0.696, and 0.576, respectively. What are the appropriate expected..

Reviews

Write a Review

Financial Management Questions & Answers

  What is the required return-next dividend payment

The next dividend payment by Blue Cheese, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. If the stock currently sells for $29 per share, what is the required return?

  What was the growth rate in earnings per share

10 years ago, Weed Go Inc. earned $0.53 per share. Its earnings this year were $4.58. What was the growth rate in earnings per share (EPS) over the 10-year period? State your answer as a percentage to two decimal places (e.g. 16.38%). The % sign is n..

  What is the standard deviation of returns for mutual fund

Consider the following capital market: a risk-free asset yielding 0.75% per year and a mutual fund consisting of 70% stocks and 30% bonds. The expected return on stocks is 10.75% per year and the expected return on bonds is 3.25% per year.

  Familiarise yourself with the anthonys orchard company

The Audit Committee is responsible for obtaining the appropriate input from management and considers the type and scope of work to be performed by the auditor and the audit fees associated with the audit.

  What is the dollar amount of its ending inventory

If a firm has purchases of $50,000, a starting inventory of $35,000 and the cost of goods sold is $45000, what is the dollar amount of its ending inventory?

  Compute relevant initial outlay-capital budgeting decision

AFB, Inc. is considering replacing an old machine with a new one. Two months ago their chief engineer completed a training seminar on the new machine's operation and efficiency. The $3,000 cost for this training session has already been paid. The old..

  Afford the payment regardless of the term length

The cost of the truck is $18,000 and he is approved for an 8% loan but can choose to finance the loan for either 48 or 60 months. What will be the additional cost if he chooses the 60 month term instead of 48 months? You can assume that he can afford..

  Annual maintenance costs associated with ownership

To finance some manufacturing tools it needs for the next 3 years, Waldrop Corporation is considering a leasing arrangement. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line bas..

  The demand for pepsi is more elastic than demand for soda

The effect of taxing demanders are the same as taxing suppliers. The demand for Pepsi is more elastic Than the demand for soda.

  What is the future value of this prize if each payment

The Florida lottery agrees to pay the winner $289,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.10?

  What is the share dividend

The Sharpe Co. just paid a dividend of $2.05 per share of stock. Its target payout ratio is 40 percent. The company expects to have earnings per share of $6.20 one year from now. If the adjustment rate is .3 as defend in the Lintner model, what is th..

  What date is the end of the credit period for this invoice

Luggage World buys briefcases with an invoice date September28. The terms of sale are 2/10 EOM. What date is the end of the credit period for this invoice?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd