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Sales Increase Maggie's Muffins, Inc., generated $2,000,000 in sales during 2016, and its year-end total assets were $1,200,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2017, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 4%, and its payout ratio will be 65%. How large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate? Do not round intermediate steps. Round your answers to the nearest whole. Sales can increase by $ _________ that is by _____________%.
Precision Engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time? The correct answer is $2,911.30, I am using a BA II Plus calculator, can yo..
Virginia has a casualty gain of $5,000 and a casualty gain of $2,500, before reduction by the $100 floor. The gain and loss were the result of two separate casualties, and both properties were personal-use asset. What is Virginia's gain or loss as a ..
We are evaluating a project that costs $1,180,000, has a five-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 88,100 units per year. Suppose the projections g..
The liability of those who own a corporation is limited to their investment, while proprietors and general partners have unlimited liability for the obligations of their business. Explain what relevance this has for risk management.
Genoa ltd is about to start a new project that will have a Net Present Value of $100 million. The stock currently trades at $105 and there are 2,000,000 shares outstanding. In order to start the project the company needs to raise $400,000,000 in new ..
A small town in Ohio is considering the purchase of a new parking system that would enhance the collection of parking fees while providing additional convenience to shoppers. The hardware requires an immediate outflow (an investment today) of $1350.
Compact fluorescent lamps (CFLs) have become more popular in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent lightbulb costs $0.42 and lasts for 1,000 hours. what cost per kilowatt-hour does it make sense to rep..
A bond that pays interest annually yields a rate of return of 10.00 percent. The inflation rate for the same period is 4 percent. What is the real rate of return on this bond?
A firm purchases a depreciable asset at year 0 at price $148, which is uses during the assets of 6 years, and the asset is depreciated according to a double declining balance depreciation. At the end of the year 6, the firm sells the asset at price $..
Faulkner Charter Boats company runs boating trips along the Alabama River. Below are actual and budgeted costs. A. Calculate a flexible budget by 10 charter increments (100 -140 charters). Compare the flexible budget from data in part A.
Consider the following information on a portfolio of three stocks: State of Economy Probability of State of Economy Stock A Rate of Return Stock B Rate of Return Stock C Rate of Return Boom .15 .10 .35 .52 Normal .52 .18 .20 .28 Bust .33 .19 –.19 –.3..
Jayne purchased a home for $240,000.00 with a down payment of $48,000.00. The rate of interest was 5-3/4 for 30 years. What was her monthly mortgage payment?
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