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2012 Income Statement Net sales $ 7,600 Cost of goods sold 6,650 Depreciation 210 Earnings before interest and taxes $ 740 Interest paid 55 Taxable Income $ 685 Taxes 230 Net income $ 455 Dividends $ 194 Major Manuscripts, Inc. 2012 Balance Sheet 2012 2012 Cash $ 2,320 Accounts payable $ 1,720 Accounts rec. 860 Long-term debt 350 Inventory 2,300 Common stock $ 2,500 Total $ 5,480 Retained earnings 4,110 Net fixed assets 3,200 Total assets $ 8,680 Total liabilities & equity $ 8,680 Assume that Major Manuscripts, Inc., is currently operating at 80 percent of capacity and that sales are projected to increase to $10,000. What is the projected addition to fixed assets? $500 $288 $168 $457 $668 References
Suppose today a mutual fund contains 2,000 shares of JP Morgan Chase, currently trading at $46.75; 1,000 shares of Walmart, currently trading at $70.10; and 2,500 shares of Pfizer, currently trading at $27.50. Calculate the updated NAV of the fund if..
If the yield curve is downward sloping short-term interest rates are higher than long-term rates. Why might a borrower still choose to finance a business expansion with short term debt?
What is the estimated current value of these securities?- What is the estimated current value of the certificate of deposit?
An interest rate swap has 3 years of remaining life. Payments are exchanged annually. Interest at 3% is paid and 12-month LIBOR is received. A exchange of payments has just taken place. The 1 year, 2 years and three years LIBOR/swap zero rates are 2%..
The firm Davis & Martin and Zanders, Inc. (DMZ) has just announced that it will issue 10 million shares of common stock through a rights issue at a subscription price of $20. Before the announcement, DMZ shares were trading at $26, and there were 50 ..
A project that provides annual cash flows of $1,930 for eight years costs $7,700 today. Is this a good project if the required return is 8 percent? What if it's 24 percent? At what discount rate would you be indifferent between accepting the project ..
Year-to-date, Oracle had earned a −1.43 percent return. During the same time period, Valero Energy earned 7.77 percent and McDonald's earned 0.50 percent. If you have a portfolio made up of 20 percent Oracle, 30 percent Valero Energy, and 50 percent ..
Pretty People Incorporated, is the defendant in a pending discrimination lawsuit. What information about the lawsuit would you, as an auditor, need to know to decide whether to disclose the litigation in the financial statements?
Consider a company that has sales in May, June, and July of $10.3 million, $12.3 million, and $9.3 million, respectively. The firm is paid by 35 percent of its customers in the month of the sale, 40 percent in the following month, and 22 percent in t..
Both bond A and bond B have 8.2 percent coupons and are priced at par value. Bond A has 6 years to maturity, while bond B has 18 years to maturity. a. If interest rates suddenly rise by 1 percent, what is the percentage change in price of bond A and ..
An investment of $83 generates after-tax cash flows of $46.00 in Year 1, $70.00 in Year 2, and $131.00 in Year 3. The required rate of return is 20 percent. The net present value is
The issuance of bonds to raise capital for a corporation: The discount rate used to value a bond is: If the market price of a bond increases, then:
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