gilmore inc, had equity of $145,000 at the beginning of the year. at the end of the year the company had total assets of $300,000. During the year the company sold no new equity. Net income for the year was $31,000 and dividends were $3,800. a. calculate the internal growth for the company. b. calculate the internal growth rate using ROA x b for the beginning of the period total assets. c. calculate the internal growth rate using ROA x b for the end of the period total assets.

please include step by step

Sundin Inc. ("The Company") is a manufacturer of hockey sticks in Sweden. This year is a very important year for the company, as they are considering going public in the near future. Management wants to do some scenario planning and see what the financial results would look like under different production levels.

The Company has budgeted these costs for one hockey stick (1 Unit).

Fixed overhead for The Company will be $14,000 this year

Required: Prepare a flexible budget, for the year, for the production of 3,500 and 4,000 units. Using this flexible budget, answer the following questions:

Question 26 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 3,500 units?

Question 27 options:

What is the total cost per unit for the production of 3,500 units?

Question 28 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 4,000 units?

Question 29 options:

What is the total cost per unit for the production of 4,000 units?

Question 30 options:

Which of the following is true regarding a flexible budget?

Question 31 options:

Using the flexible budget, what costs are included in calculating the total cost of production?

If finished goods inventory increases between the beginning and the end of the year, then the cost of goods sold is smaller than the cost of goods manufactured. true or false

The City of Pfeiffer starts the year of 2017 with the general fund and an enterprise fund. The general fund has two activities: education and parks/recreation. For convenience, assume that the general fund holds $123,000 cash and a new school building costing $1 million. The city utilizes straight-line depreciation. The building has a 20-year life and no salvage value. The enterprise fund has $62,000 cash and a new $600,000 civic auditorium with a 30-year life and no salvage value. The enterprise fund monitors just one activity, the rental of the civic auditorium for entertainment and other cultural affairs.

The following transactions for the city take place during 2017. Assume that the city’s fiscal year ends on December 31.

1. Decides to build a municipal park and transfers $70,000 into a capital projects fund and immediately expends $20,000 for a piece of land. The creation of this fund and this transfer were made by the highest level of government authority.

2. Borrows $110,000 cash on a long-term bond for use in creating the new municipal park.

3. Assesses property taxes on the first day of the year. The assessment, which is immediately enforceable, totals $600,000. Of this amount, $510,000 will be collected during 2017 and another $50,000 is expected in the first month of 2018. The remainder is expected about halfway through 2018.

4. Constructs a building in the park in (b) for $80,000 cash so that local citizens can play basketball and other sports. It is put into service on July 1 and should last 10 years with no salvage value.

5. Builds a sidewalk around the new park for $10,000 cash and puts it into service on July 1. It should last for 10 years, but the city plans to keep it up to a predetermined quality level so that it will last almost indefinitely.

6. Opens the park and charges an entrance fee of only a token amount so that it records the park, therefore, in the general fund. Collections during this first year total $8,000.

7. Buys a new parking deck for $200,000, paying $20,000 cash and signing a long-term note for the rest. The parking deck, which is to go into operation on July 1, is across the street from the civic auditorium and is considered part of that activity. It has a 20-year life and no salvage value.

8. Receives a $100,000 cash grant for the city school system that must be spent for school lunches for the poor. Appropriate spending of these funds is viewed as an eligibility requirement of this grant. During the current year, $37,000 of the amount received was properly spent.

9. Charges students in the school system a total fee of $6,000 for books and the like. Of this amount, 90 percent is collected during 2017 with the remainder expected to be collected in the first few weeks of 2018.

10. Buys school supplies for $22,000 cash and uses $17,000 of them. The general fund uses the purchases method.

11. Receives a painting by a local artist to be displayed in the local school. It qualifies as a work of art, and officials have chosen not to capitalize it. The painting has a value of $80,000. It is viewed as inexhaustible.

12. Transfers $20,000 cash from the general fund to the enterprise fund as a capital contribution.

13. Orders a school bus for $99,000.

14. Receives the school bus and pays an actual cost of $102,000. The bus is put into operation on October 1 and should last for five years with no salvage value.

15. Pays salaries of $240,000 to school teachers. In addition, owes and will pay $30,000 during the first two weeks of 2018. Vacations worth $23,000 have also been earned but will not be taken until July 2018.

16. Pays salaries of $42,000 to city auditorium workers. In addition, owes and will pay $3,000 in the first two weeks of 2018. Vacations worth $5,000 have also been earned but will not be taken until July 2018.

17. Charges customers $130,000 for the rental of the civic auditorium. Of this balance, collected $110,000 in cash and will collect the remainder in April 2018.

18. Pays $9,000 maintenance charges for the building and sidewalk in (d) and (e).

19. Pays $14,000 on the bond in (b) on the last day of 2017: $5,000 principal and $9,000 interest.

20. Accrues interest of $13,000 on the note in (g) as of the end of 2017, an amount that it will pay in June 2018.

21. Assumes that a museum that operates within the city is a component unit that will be discretely presented. The museum reports to city officials that it had $42,000 of direct expenses this past year and $50,000 in revenues from admission charges. The only assets that it had at year-end were cash of $24,000, building (net of depreciation) of $300,000, and a long-term liability of $210,000.

Prepare the 2017 government-wide financial statements for this city. Assume the use of the modified approach.

Create a list of the deductions that you are eligible for this year, those that might apply in your financial planning timeline 5 years from now, and those that might apply 10 years from now. How can awareness of your eligibility for deductions impact your long-term financial planning?

Equipment costing $100,000 was sold in the middle of the 4th year for a MV of $20,000.

Tax rate : 40%.

Annual revenues : $55,000 per year

Annual expenses : $5,000 per year.

Using only the GDS method, populate a table with the NIAT and ATCF. Show all formulas and calculations.

Using an after tax MARR of 18%, show if this project is profitable.

The equipment is depreciated using 5-yr MACRS depreciation factors.

This is a Personal Budget:

At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:

a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.

b. Are the four monthly budgets that are presented prepared as static budgets or flexible budgets?

c. What are the budget implications for Craig Kovar?

Craig can see that his present plan   sufficient cash. If Craig did not budget but went ahead with the original plan, he would be $   at the end of December, with

You are considering a business that will return $22,000 at the end of each year for 15 years. In Year 7 you would pay a one‐time fee of $45,000, and in Year 15 you would sell the business for $85,000.   

a) Draw the cash flow diagram for this problem.

b) For an interest rate of 5.5%, how much should you pay for the business today?  (You may use the “NPV” function in MS Excel.) Please show excel