Monique Moore FIN 534 Homework Chapter 16 1. Swim Suits Unlimited is in a highly seasonal business‚ and the following summary balance sheet data show its assets and liabilities at peak and off-peak seasons (in thousands of dollars): Peak Off-Peak Cash $ 50 $ 30 Marketable securities 0 20 Accounts receivable 40 20 Inventories 100 50 Net fixed assets 500 500 Total
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FIN-516 WEEK 1 – HOMEWORK ASSIGNMENT Problem Based on Chapter 14‚ Residual Dividends Middlesex Plastics Manufacturing had 2011 Net Income of $15.0 Million. Its 2012 Net Income is forecast to increase by 8%. The company’s capital structure has been 35% Debt and 65% Equity since 2010‚ and the company plans to maintain this capital structure in 2012. The company paid $3.0 Million cash dividends in 2011. The company is planning to invest in a major capital project in 2012. The capital budget
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Chapter 14 1. Please explain how Charitable Contributions come into play in determining "Corporate" taxable income. (5 pts) In order to determine what your taxable income may be‚ you must first determine your charitable contribution donation. The deduction of charitable contributions is dependent upon what type of property is donated‚ when it was donated‚ and who it was donated to‚ as well as the corporation’s adjusted taxable income. The maximum deduction amount is 10 percent of the corporation’s
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00 - $230‚000 = $70‚000 Average markup percentage = 70‚000/230‚000 x 100 = 30.43% Instructor Explanation: $60‚000 + $40‚000 + $30‚000 + $50‚000 + $20‚000 + $30‚000 = $230‚000 ($300‚000 - $230‚000) / $230‚000 = 30.4% Points Received: 5 of 5 Comments: Question 2. Question : Related to Problem 1‚ compute the average markup percentage for setting prices as a percentage of the variable cost of the product. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40
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ACCT 555 External Auditing Chapter 12‚ pages 390–397: Problems 12-17‚ 12-18‚ and 12-27 Chapter 13‚ pages 429–430: Problems 13-22‚ 13-23‚ and 13-24 Chapter 12‚ pages 390–397: Problems 12-17‚ 12-18‚ and 12-27 12-17 a. (2) technologies reduce some types of risks while introducing new types of risks to be managed. b. (1) Controls that determine whether a vendor number matches the pre-approved vendors in the vendor master file. c. (3) expand testing of automated application controls used to reduce control
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1. At what point does marriage give a spouse the right to enter the property of his or her marriage partner? According to the information given in the early discussion‚ it clearly states that a spouse cannot be committed of burglary if the spouses are still legally married. This does not include legal separations or divorces. Also‚ the other must allow the entrée of the spouse. While the offense [of burglary] is not committed by one who breaks and enters his own dwelling or other building‚ it has
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Tiffany M. Wilson FIN 515- Assignment #1 13 July 2014 1. A corporation is a legal entity possessed by one or more shareholders. Shareholders for the most part have no liability for the exercises of the corporation (this is called "limited liability"). The corporation is overseen by Directors and Officers (who do confront a certain measure of liability for corporation’s movements‚ and thusly regularly buy protection). Concerning‚ a corporation may bring about "twofold assessment" on its pay: First
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Ashley Scott – Week ONE Homework Problem Based on Chapter 14‚ Residual Dividends 1. If Middlesex increases its cash dividends in 2012 at the same rate of growth as its Net Income rate‚ what will be the total 2012 dividend payout in Dollars? 3‚000‚000 x (1 + .08) 3‚000‚000 x 1.08 = $3‚240‚000 2. What is the 2012 dividend payout ratio if the company increases its dividends at 8%? Net income increased by 8% would be 15‚000‚000 x (1 + .08) = 15‚000‚000 x 1.08 = 16‚200‚000 Dividend Payout
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the company have the appropriate level of income to absorb the cost associated with the issuance of the debt? 4. Does the company have the appropriate level of income to absorb the cost associated with the future fixed expense of interest payments? 5. What effect will raising debt have on consumer outlook? C. Before deciding whether the target ranges are really appropriate for Bixton in its current financial situation‚ what key issues specific to Bixton must the chief financial officer resolve?
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interest exp. (400‚000 + ½ (300‚000)) 5% = (550‚000) 5% = 27‚500 Long-term interest exp. (400‚000 + ½ (300‚000)) 10% = (550‚000) 10% = 55‚000 27‚500 + 55‚000 = 82‚500 Earnings before interest and taxes = 200‚000 Interest expenses = 82‚500 Earnings before taxes = 200‚000 – 82‚500 = 117‚500 Taxes = 117‚500 X 34% = 39‚950 Earnings after interest and taxes = 200‚000 – 82‚500 – 39‚950 = 77‚550 B. Short-term interest exp. ( ½ (400‚000)) 5% = (200‚000) 5% = 10‚000 Long-term interest exp. (400
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