Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
At year-end 2013, Wallace Landscaping’s total assets were $1.7 million and its accounts payable were $420,000. Sales, which in 2013 were $2.0 million, are expected to increase by 30% in 2014. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $375,000 in 2013, and retained earnings were $335,000. Wallace has arranged to sell $65,000 of new common stock in 2014 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2014. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its profit margin on sales is 8%, and 35% of earnings will be paid out as dividends.
1. What was Wallace's total long-term debt in 2013? Round your answer to the nearest dollar.
$
2. What were Wallace's total liabilities in 2013? Round your answer to the nearest dollar.
3. How much new long-term debt financing will be needed in 2014? (Hint: AFN - New stock = New long-term debt.) Round your answer to the nearest dollar.
Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Prepare separate computations for each project.
Calculate Dahl's 20X6 consolidated net income and identify the amount attributable to Dahl's shareholders and to the non-controlling interest- You are not required to prepare a consolidated income statement.
1. what is business risk and how is it measured?nbsp2. what is financial risk and how is it measured?nbsp3. what is
Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2011, using the aging of accounts receivable method.
Which ratios would external users be most interested in? Why? Which ratios would best help internal users manage the business? Why? Beyond the basic financial statements what other information would you want to fully analyze a company's performa..
Prepare your retirement plan for Client Expected rate of return on retirement savings
Prepare the journal entry that Faulkner may record in 2013 related to the change. (If no entry is needed for a particular event, select "No journal entry required" in the first account field.)
The classification of receivables and how companies handle uncollectible accounts - Review a sample of financial statements submitted by an SEC registrant.
Allocating joint costs and costs of byproducts allows managers to examine cost and profitability associated with each of the products they produce enabling them to establish goals related to product-mix. Your discussion topic this week focuses on joi..
at the beginning of 2012 the jeater company had the following balances in its accountscash 4300inventory 9000common
its expected life is eight years.Instructions Compute depreciation expense for 2010 and 2011 by each of the following methods,showing the figures used. (a) Double-declining balance (b) Sum-of-the-years'-digits
calculation of maximum amount of additional finance that can be borrowed.bpc anticipates reaching a sales level of 6
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd