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You have been given the following information for Kellygirl’s Athletic Wear Corp. for the year 2015: a. Net sales = $38,950,000. b. Cost of goods sold = $22,230,000. c. Other operating expenses = $6,500,000. d. Addition to retained earnings = $1,211,500. e. Dividends paid to preferred and common stockholders = $1,945,500. f. Interest expense = $1,855,000. g. The firm’s tax rate is 30 percent. h. In 2016, net sales are expected to increase by $9.95 million. i. Cost of goods sold is expected to be 60 percent of net sales. j. Depreciation and other operating expenses are expected to be the same as in 2015. k. Interest expense is expected to be $2,130,000. l. The tax rate is expected to be 30 percent of EBT. m. Dividends paid to preferred and common stockholders will not change. Calculate the addition to retained earnings expected in 2016. (Enter your answer in dollars, not millions.)
Lisa Simpson wants to have $1,700,000 in 60 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 9.75 percent annually. What must Lisa’s annual deposit be?
Prepare a statement showing the incremental cash flows for this project over an 8-year period and calculate the payback period (P/B) and the net present value (NPV) for the project.
Describe three types of data of which financial econometricians might use for analysis. Explain the steps involved in the formulation of financial econometric models. Explain why unit root testing is important for time series data.
Luis has $120,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put$2500/quarter into the new account until his ..
Last year Hamdi Corp. had sales of $500,000, operating costs of $450,000, and year-end assets of $355,000. The debt-to-total-assets ratio was 17%, the interest rate on the debt was 7.5%, and the firm's tax rate was 35%. The new CFO wants to see how t..
The Dog House expects sales of $560, $650, $630, and $610 for the months of May through August, respectively. The firm collects 20 percent of sales in the month of sale, 70 percent in the month following the month of sale, and 8 percent in the second..
Bennington Industrial Machines issued 153,000 zero coupon bonds six years ago. The bonds originally had 30 years to maturity with a yield to maturity of 7.3 percent. Interest rates have recently increased, and the bonds now have a yield to maturity o..
Some years ago leasing was called “off balance sheet financing” because the leased asset and the corresponding lease obligation did not appear directly on the balance sheet. Today, though, that situation has changed materially because all leases must..
Calculate the NPV of the HomeNet project assuming a cost of capital of 10%, 12% and 14% and NPV of the FCF's of the HomeNet project assuming a cost of capital of 10% is $__.
A 7-year, 11.00% semi-annual coupon bond with a par value of $1000 may be called in 5 years at a call price of $1,155.00. The bond sells for $970.50. (Assume that the bond has just been issued.). What is its yield to maturity?
Assume you are currently earning $80,000 per year and will retire in 20 years. If you feel you can live on 80% of your salary during retirement and you further assume you will live for 25 years after you retire, how much of a lump sum must you have i..
XY Windows has a projected sales volume of $2864 for the second year of a proposed expansion project. Costs normally run 60% of sales, (or about $1718.40 in this case) the depreciation expense will be $90 and tax rate is 34%. What is operating cash f..
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