1.
|
Category |
Prior year |
Current year |
|
Accounts payable |
41,400 |
45,000 |
|
Accounts receivable |
115,200 |
122,400 |
|
Accruals |
16,200 |
13,500 |
|
Additional paid in capital |
200,000 |
216,660 |
|
Cash |
??? |
??? |
|
Common Stock @ par value |
37,600 |
42,000 |
|
COGS |
131,400 |
178,223.00 |
|
Depreciation expense |
21,600 |
23,852.00 |
|
Interest expense |
16,200 |
16,649.00 |
|
Inventories |
111,600 |
115,200 |
|
Long-term debt |
135,000 |
138,605.00 |
|
Net fixed assets |
379,258.00 |
399,600 |
|
Notes payable |
59,400 |
64,800 |
|
Operating expenses (excl. depr.) |
50,400 |
65,799.00 |
|
Retained earnings |
122,400 |
136,800 |
|
Sales |
255,600 |
337,010.00 |
|
Taxes |
9,900 |
19,119.00 |
What is the entry for the current year's cost of goods sold on a common-sized income statement?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
In: Finance
|
Category |
Prior year |
Current year |
|
Accounts payable |
41,400 |
45,000 |
|
Accounts receivable |
115,200 |
122,400 |
|
Accruals |
16,200 |
13,500 |
|
Additional paid in capital |
200,000 |
216,660 |
|
Cash |
??? |
??? |
|
Common Stock @ par value |
37,600 |
42,000 |
|
COGS |
131,400 |
178,223.00 |
|
Depreciation expense |
21,600 |
23,852.00 |
|
Interest expense |
16,200 |
16,649.00 |
|
Inventories |
111,600 |
115,200 |
|
Long-term debt |
135,000 |
138,605.00 |
|
Net fixed assets |
379,258.00 |
399,600 |
|
Notes payable |
59,400 |
64,800 |
|
Operating expenses (excl. depr.) |
50,400 |
65,799.00 |
|
Retained earnings |
122,400 |
136,800 |
|
Sales |
255,600 |
337,010.00 |
|
Taxes |
9,900 |
19,119.00 |
What is the firm's current year net profit margin?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)
In: Finance
| Category | Prior Year | Current Year |
| Accounts payable | 3,158.00 | 5,901.00 |
| Accounts receivable | 6,988.00 | 8,914.00 |
| Accruals | 5,716.00 | 6,129.00 |
| Additional paid in capital | 19,672.00 | 13,447.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,333.00 | 18,305.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 964.00 | 984.00 |
| Interest expense | 1,254.00 | 1,144.00 |
| Inventories | 3,076.00 | 6,666.00 |
| Long-term debt | 16,767.00 | 22,548.00 |
| Net fixed assets | 75,280.00 | 74,075.00 |
| Notes payable | 4,087.00 | 6,525.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,425.00 | 34,661.00 |
| Sales | 46,360 | 45,374.00 |
| Taxes | 350 | 920 |
What is the firm's total change in cash from the prior year to the current year?
In: Finance
You took a 30-year half-million-dollar mortgage at 3% per year. Midway (i.e., after you've paid the 180th monthly payment), how much equity have your accrued?
In: Finance
| Category | Prior Year | Current Year |
| Accounts payable | 3,149.00 | 5,946.00 |
| Accounts receivable | 6,942.00 | 9,024.00 |
| Accruals | 5,601.00 | 6,110.00 |
| Additional paid in capital | 19,652.00 | 13,542.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,228.00 | 18,549.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 1,046.00 | 1,034.00 |
| Interest expense | 1,250.00 | 1,123.00 |
| Inventories | 3,041.00 | 6,652.00 |
| Long-term debt | 16,932.00 | 22,131.00 |
| Net fixed assets | 75,070.00 | 74,175.00 |
| Notes payable | 4,005.00 | 6,527.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,100.00 | 34,889.00 |
| Sales | 46,360 | 45,050.00 |
| Taxes | 350 | 920 |
What is the firm's net income in the current year?
Submit
Answer format: Number: Round to: 0 decimal places.
unanswered
not_submitted
Attempts Remaining: Infinity
#2
| Category | Prior Year | Current Year |
| Accounts payable | 3,149.00 | 5,946.00 |
| Accounts receivable | 6,942.00 | 9,024.00 |
| Accruals | 5,601.00 | 6,110.00 |
| Additional paid in capital | 19,652.00 | 13,542.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,228.00 | 18,549.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 1,046.00 | 1,034.00 |
| Interest expense | 1,250.00 | 1,123.00 |
| Inventories | 3,041.00 | 6,652.00 |
| Long-term debt | 16,932.00 | 22,131.00 |
| Net fixed assets | 75,070.00 | 74,175.00 |
| Notes payable | 4,005.00 | 6,527.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,100.00 | 34,889.00 |
| Sales | 46,360 | 45,050.00 |
| Taxes | 350 | 920 |
What is the firm's dividend payment in the current year?
Submit
Answer format: Number: Round to: 0 decimal places.
In: Finance
| Category | Prior Year | Current Year |
| Accounts payable | 3,148.00 | 5,913.00 |
| Accounts receivable | 6,880.00 | 8,989.00 |
| Accruals | 5,692.00 | 6,134.00 |
| Additional paid in capital | 20,407.00 | 13,514.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,876.00 | 18,913.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 1,011.00 | 993.00 |
| Interest expense | 1,291.00 | 1,134.00 |
| Inventories | 3,014.00 | 6,706.00 |
| Long-term debt | 16,932.00 | 22,045.00 |
| Net fixed assets | 75,393.00 | 73,819.00 |
| Notes payable | 4,015.00 | 6,550.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,759.00 | 34,578.00 |
| Sales | 46,360 | 45,891.00 |
| Taxes | 350 | 920 |
What is the firm's net income in the current year?
Submit
Answer format: Number: Round to: 0 decimal places.
In: Finance
| Category | Prior Year | Current Year |
| Accounts payable | 3,119.00 | 5,956.00 |
| Accounts receivable | 6,975.00 | 8,909.00 |
| Accruals | 5,779.00 | 6,033.00 |
| Additional paid in capital | 19,546.00 | 13,016.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,805.00 | 18,431.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 1,049.00 | 1,025.00 |
| Interest expense | 1,262.00 | 1,122.00 |
| Inventories | 3,074.00 | 6,738.00 |
| Long-term debt | 16,942.00 | 22,407.00 |
| Net fixed assets | 75,935.00 | 73,976.00 |
| Notes payable | 4,021.00 | 6,509.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,600.00 | 34,487.00 |
| Sales | 46,360 | 45,961.00 |
| Taxes | 350 | 920 |
What is the firm's cash flow from financing?
Submit
Answer format: Number: Round to: 0 decimal places.
unanswered
not_submitted
Attempts Remaining: Infinity
#2
| Category | Prior Year | Current Year |
| Accounts payable | 3,119.00 | 5,956.00 |
| Accounts receivable | 6,975.00 | 8,909.00 |
| Accruals | 5,779.00 | 6,033.00 |
| Additional paid in capital | 19,546.00 | 13,016.00 |
| Cash | ??? | ??? |
| Common Stock | 2,850 | 2,850 |
| COGS | 22,805.00 | 18,431.00 |
| Current portion long-term debt | 500 | 500 |
| Depreciation expense | 1,049.00 | 1,025.00 |
| Interest expense | 1,262.00 | 1,122.00 |
| Inventories | 3,074.00 | 6,738.00 |
| Long-term debt | 16,942.00 | 22,407.00 |
| Net fixed assets | 75,935.00 | 73,976.00 |
| Notes payable | 4,021.00 | 6,509.00 |
| Operating expenses (excl. depr.) | 19,950 | 20,000 |
| Retained earnings | 35,600.00 | 34,487.00 |
| Sales | 46,360 | 45,961.00 |
| Taxes | 350 | 920 |
What is the firm's cash flow from investing?
Submit
Answer format: Number: Round to: 0 decimal places
In: Finance
Suppose 10-year T-bonds have a yield of 5.30% and 10-year
corporate bonds yield 6.65%. Also, corporate bonds have a 0.25%
liquidity premium versus a zero liquidity premium for T-bonds, and
the maturity risk premium on both Treasury and corporate 10-year
bonds is 1.15%. What is the default risk premium on corporate
bonds?
Group of answer choices
1.22%
1.34%
1.10%
0.86%
1.20%
In: Finance
|
Harper Corp.'s sales last year were $425,000, and its year-end receivables were $42,500. Harper sells on terms that call for customers to pay 30 days after the purchase, but many delay payment beyond Day 30. On average, how many days late do customers pay? Base your answer on this equation: DSO -Allowed credit period = Average days late, and use a 365-day year when calculating the DSO. |
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In: Finance
Question: Determining bond prices and interest expense
Jones Company is planning to issue $490,000 of 9%, five-year bonds payable to
borrow for a major expansion. The owner, Shane Jones, asks your advice on some
related matters.
Requirements
1. Answer the following questions:
a. At what type of bond price Jones Company will have total interest expense
equal to the cash interest payments?
b. Under which type of bond price will Jones Company’s total interest expense be
greater than the cash interest payments?
c. If the market interest rate is 12%, what type of bond price can Jones Company
expect for the bonds?
2. Compute the price of the bonds if the bonds are issued at 89.
3. How much will Jones Company pay in interest each year? How much will Jones
Company’s interest expense be for the first year?
In: Accounting