Calculate the total assets of harmon photo company

Assignment Help Finance Basics
Reference no: EM13298369

Using the AFN formula approach, calculate the total assets of Harmon Photo Company given the following information: Sales this year = $3,000; sales increase projected for next year = 20%; net income this year = $250; dividend payout ratio = 40%; projected excess funds available next year = $100; accounts payable = $600; notes payable = $100; and accrued wages and taxes = $200. Except for the accounts noted, there were no other current liabilities. Assume that the firm's profit margin remains constant and that the company is operating at full capacity.

Reference no: EM13298369

Questions Cloud

What is jaster market ration : It has 800 million shares of common stock outstanding, and its stock price is $32 per share. What is Jaster's market/book ration?
What is the total magnification of the lens system : A thin lens has a focal length of 10 cm. An object is located 15 cm to the left of the lens. What is the total magnification of the lens system
Why should stockholders in a corporation be especially : Why should stockholders in a corporation be especially concerned about the free cash flow to equity calculation?
When would the wells start interfering with each other : one of the wells pumps at a rate of 1240 m3/day. the second well pumps at 850 m3/day.if the aquifer has a transmissivity of 2000 m2/day and a storage coefficient of 4x10^-4, when would the wells start interfering with each other.
Calculate the total assets of harmon photo company : calculate the total assets of Harmon Photo Company given the following information.
What authority does responsible party have to verify : Who is responsible for verifying that the construction of the building complies with the hurricane protection provisions of the building codes What authority does the responsible party have to verify such compliance
Set up an amortization schedule : Suppose you borrow $15000. The loan's annual interest rate is 8%, and it requires four equal end-of year payments.
Find out the equivalent acid-base equilibrium : Determine the equivalent acid-base equilibrium that results when each of the following pairs of solutions is mixed. 25.0 mL of 0.50 M NaOH + 12.0 mL of 1.50 M HCl Pick two initial conditions from first four choices. Pick one choice from remaining ..
Which of the following bonds has the most interest rate risk : Explain briefly the difference between interest rate ( or price) risk and reinvestment rate risk. Which of the following bonds has the most interest rate risk ?

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine expected rate of return and standard deviation

Stock A has the given probability distribution of expected returns. Determine Stock A's expected rate of return and standard deviation?

  What are the common stockholders residual claims

Diploma Mills has $30 million in earnings, pays 4.25 million in interest to bondholders, and $2.95 million in dividends to preferred stockholders.

  What is avicorps pre-tax cost of debt

Avicorp has a $11.7 million debt issue outstanding, with a 5.8% coupon rate. The debt has semi-annual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 95% of par value.

  How many shares need to be sold

If the offer price is $45 per share and the company's underwriters charge a 7.5 percent spread, how many shares need to be sold?

  Determine stock out cost

I need to determine stockout cost for a problem but don't think I have enough data. 40% of stockouts will result in a back order with a cost of $5 per back order;

  How long do you have to wait to become a millionaire

You have just won $120,000 from a contest. If you invest the whole $120,000 in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? Round to 2 decimal places.

  Time value of money

Time Value of Money project

  Future and present values for different periods

Present and future values for different periods. Find the following values, using the equations and then a financial calculator compounding/discounting occurs annually.

  How much would the equal payments be

Paulk purchased a home for 150,000.he paid 30,000 down and agreed to pay the rest in equal payments over 15 equal end of year payments at 11percent compound interest on the unpaid balance. How much would the equal payments be?

  Find the average annual rate of college-cost inflation

Using Rule of 72. In 1967, tuition, room, and board at a private college costs $3000. In 2007, the same services cost $48,000. Find the average annual rate of college-cost inflation, using the Rule of 72.

  What is your expected rate of return on this stock

There is a 5 percent probability of a boom and a 75 percent chance of a normal economy. What is your expected rate of return on this stock?

  Capital budgeting for new computerized assembly line

Propose to launch a new computerized assembly line, which costs $5,000,000, for replacing the existing assembly line.

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