Reference no: EM13977732
The 2012 balance sheet of Bianchi brickyards, which is operating at full capacity, reported current assets of $8,790, net fixed assets of $29,400, current liabilities of $3,705, long-term debt of $13,200, common stock of $15,000 and retained earnings of $6,285. Bianchi's income statement reported net sales of $23,600, EBIT of $5,390, taxable income of $5,260 and net income of $3,420. The firm pays no dividends. Assume assets, costs and current liabilities vary with sales. What is the external financing need if sales increase by 8 percent? -$935 -$668 $187 $488 $706
|
Bond equivalent and discount yields on this investment
: The treasurer of a large corporation wants to invest $36 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.48 percent; that is, the EAR for this investment is 4.48 per..
|
|
What annually compounded rate of interest
: Your bank balance is exactly $10,000. Three years ago you deposited $7,938 and have not touched the account since. What annually compounded rate of interest has the bank been paying?
|
|
Tax-deferred individual retirement arrangement
: Retirement planning Hal Thomas, a 25-year-old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, he can deposit $2,000 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will ea..
|
|
The potential for the payment of stock dividends
: The payment of dividends and the corporation's dividend policy can be a situational decision based upon a number of factors, including the availability and sustainability of cash flow as well as the life stage of the organization. As an alternative t..
|
|
What is the external financing need if sales increase
: The 2012 balance sheet of Bianchi brickyards, which is operating at full capacity, reported current assets of $8,790, net fixed assets of $29,400, current liabilities of $3,705, long-term debt of $13,200, common stock of $15,000 and retained earnings..
|
|
How much additional debt is required if no new equity
: For 2012, the balance sheet of Larsen Lithographics reported current assets of $9,190, net fixed assets of $11,400, current liabilities of $3,300, long-term debt of $2,780, common stock of $10,000 and retained earnings of $4,510. How much additional ..
|
|
Make no additional deposits
: Suppose you put $100 into a savings account today, the account pays 8% compounded semiannually, and you withdraw $50 one year after your initial deposit. What would your ending balance be 20 years after the initial $100 deposit was made, assuming tha..
|
|
What is the return on assets
: The Birdhouse Manufacturing Company posted $687,400 total sales in 2012 and generated a profit margin of 4.8 percent. At the end of the year, Birdhouse's balance sheet reported total debt of $210,000 and total equity of $365,000. What is the return o..
|
|
Return on her savings
: Joan is saving to open her own dress shop in 10 years. She currently has $10,000. In addition, she plans to save $2,000 per year for the next 5 years and $3,000 per year for the following 5 years. How much will Joan have in 10 years if she earns a 10..
|