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Bannister Legal Services generated $2.0 million in sales during 2009, and its year-end total assets were $ million. Also, at the year-end 2009, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accruals. Looking ahead to 2010, the company estimates that its assets must increase by 75 cents for every $1 increase in sales. Bannister's profit margin is 5% and its payout ratio is 60%. How large a sales increase can the company achieve without having to raise funds externally?
Explain what was the market's reaction to the self-reported earnings announcement and briefly examine the reported earnings per share; what is the company's earnings outlook for the coming year?
In a recent year more than 70 percent of the people enrolled under Medicare purchased some form of Medicare gap-filling coverage. Why is the coverage necessary? Explain your answer.
O'Connell & Co. expects its EBIT to be $95,000 every year forever. The firm can borrow at 8 percent. O'Connell currently has no debt, and its cost of equity is 13 percent and the tax rate is 35 percent. The company borrows $133,000 and uses the pr..
What implications do these changes have for employee motivation and involvement in organization? What lessons must people seeking jobs learn from experiences of these employees?
What are the advantages and disadvantages of fixed exchange rates? Which would you prefer for the USD and why?
marshall has calculated that he will need $1,250,000 in his retirment fund in 40 years when he plans to retire. If marshall can earn 8% annually over this period how much does marshall need to save annually to meet the goal?
Asian Motors Inc. plans to issue $3,000,000 of commercial paper with a 6-month maturity at 98% of par value. What is the 6-month interest rate.
Diploma Mills has $38 million in earnings, pays $4.80 million in interest to bondholders, and $2.90 million in dividends to preferred stockholders.
Research United and Continental Airline merger, measure the challenges experienced during the merger and resulting impact to the business.
Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its nonfree trade credit?..
Assume the company places orders during each quarter equal to 45 percent of projected sales for the next quarter. How much will the firm pay its suppliers in quarter 3 if the firm has a 60-day payables period?
Sister City was notified through the State that they had been awarded a $6 million grant to aid in the construction of a senior citizens center. At the time of the notification determine the appropriate entry in the capital projects fund
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