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Assume that Kelly Giard of Clean Air Lawn Care decides to launch a new retail chain to market electrical mowers.This chain, named Mow Green, requires $500,000 of start-up capital.Kelly contributes $375,000 of personal assets in return for 15,000 shares of common stock, but he must raise another $125000 in cash.There are two alternatives plans for raising the additional cash.Plan A is to sell 3,750 shares of common stock to one or more investors for $125,000 cash.Plan B is to sell 1,250 shares of cumulative preferred stock to one or more investors for $125,000 cash (this preferred stock would have a $100 par value, an annual 8% dividend rate and be issued at par)
1.If the new business is expected to earn $72,000 of after-tax net income in the first year, what rate of return on beginning equity will Kelly earn under each alternative plan? Which plan will provided the higher expected return?
What would you recommend that the monopolist do to maximize profits? b.) Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
What ($ in 000s) was shareholders' equity as of December 31, 2012? What ($ in 000s) was shareholders' equity as of December 31, 2012?
Quadrado uses the LIFO method to account for inventory costs. Determine cost of goods sold amounts to record dor the three months ending September 30,2011.
Include substantive tests of transactions, analytical procedures, and tests of account balances in your audit program. Be sure to identify the procedures necessary to analyze the income statement accounts related to your selected business cycle.
In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. Illustrate what two forms must Johnice file for her business?
The entrepreneur who founded the company is convinced that sales will increase next year by 150% and that net operating income will increase by 400%, with no increase in average operating assets. Illustrate what would be the company’s ROI? (Do not..
In the current economic climate, is it appropriate for us to be considering this expansion? In other words, would such an expansion be in the best interest of our stockholders? Why or why not?
Management is considering using $3,000,000 of excess cash to prepay $3,000,000 of outstanding bonds. Illustrate what effect, if any, would prepaying the bonds have on the company's debt-to-equity ratio?
Calculate Worthigton's gross pay, payroll deductions and net pay for the full year 2012. Round all amounts to the nearest dollar. Compute united's total 2012 payroll expense for worth often
Vince's assistant manager, an accounting major, has suggested that the firm should try to increase the contribution margin per pizza. Explain meaning of "contribution margin" in layman's terms.
Prepare the balanced scorecard for the Norwalk Pharmaceutical Division of Chadwick and determine the process used to formulate the strategy of the Norwalk Pharmaceutical Division and the Balanced Scorecard.
Prepare all required journal entries that the city should make for each transaction.
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