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The Blake Manufacturing Corporation manufactures and sells folding umbrellas. The corporation’s condensed income statement for the year at 31 December 2011 follows: Sales (200,000 units) £1,000,000 Cost of goods sold 600,000 Gross margin 400,000 Selling expenses £150,000 Administrative expenses 100,000 Net profit (before income taxes) £150,000 Blake’s budget committee has estimated the following changes for 2012: ?30% increase in number of units sold ?20% increase in material cost per unit ?15% increase in direct labor cost per unit ?10% increase in variable indirect cost per unit ?5% increase in indirect fixed costs ?8% increase in selling expenses, arising solely from increased volume ?6% increase in administrative expenses, reflecting anticipated higher wage and supply price levels Any changes in administrative expenses caused solely by increased sales volume are considered immaterial. Because inventory qualities remain fairly constant, the budget committee considered that for budget purposes any change in inventory valuation can be ignored. The composition of the cost of a unit of finished product during 2011 for materials, direct labor and manufacturing support, respectively, was in the ratio or 3:2:1. In 2011, £40,000 of manufacturing support was for fixed costs. No changes in production methods or credit policies were contemplated for 2012. In this Shared Activity, your group will assume this consultancy role. You will review current and historical financial data. You will have the opportunity to discuss the organisation’s behaviour and reactions to your analyses of this data. Your group will make a recommendation based on a what-if analysis.
Assume a project that will provide an increase $2 million in cash flow because of favorable tax consequences, but carries a two-cent decline in earnings per share because of a write-off against first quarter earnings. What decision might Mr. Quick..
Corresponding figures for france were 1.8% and 2.6%. Which bond earned the higher us dollar return? what was the return on the higher bond?
Stocks x and Stock y have the following probabiltiy distributionsof expected future returns: Compute the expected rate of return and standard devaiation of expected returns
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as stated in the audit report or report of independent accountants the primary responsibility for a companys financial
How much of the capital budget must be financed by common equity to maintain the optimal capital structure? How much of the new funds are generated by new debt? By new stock?
Assuming that the company maintains the same payout ratio, what will be its stock price following the recapitalization? Assume that shares are repurchased at the price calculated in Part a. Round your answer to the nearest cent. Do not round inter..
KatyDid Clothes has a $150 million ($1000 face value) 15-year bond issue selling for 106% of par that carries a coupon rate of 8%, paid semi-annually. What would be KatyDid's before-tax component cost of debt?
expectations theorynbspone-year treasurysecurities yield 5.nbspthe market anticipates that 1 year fromnow 1-year
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