Questions
In 2017, NB Inc.’s federal taxable income was $317,000. Compute the required installment payments of 2018...

In 2017, NB Inc.’s federal taxable income was $317,000. Compute the required installment payments of 2018 tax in each of the following cases: (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

  1. NB’s 2018 taxable income is $550,000.
  2. NB’s 2018 taxable income is $935,000.
  3. NB’s 2018 taxable income is $1,362,000.

In: Finance

Inhale, Inc., is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales.

2018 Income Statement

  Net sales

$

18,400

  Cost of goods sold

15,200  

  Depreciation

700  

  Earnings before I and T

$

2,500  

  Interest paid

70  

  Taxable Income

$

2,430  

  Taxes

960  

  Net income

$

1,470  

     Dividends

$

390

Inhale, Inc.
2018 Balance Sheet

2018

2018

  Cash

$

7,600   

  Accounts payable

$

6,840   

  Accounts rec.

2,200

  Long-term debt

700   

  Inventory

8,200   

  Common stock

$

8,400   

  Total

$

18,000   

  Ret. Earnings

11,660   

  Net fixed assets

9,600   

  Total assets

$

27,600   

  Total liabilities & equity

$

27,600

Inhale, Inc., is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. In 2019, no new equity will be raised and sales are projected to increase by 10 percent. Construct the pro formas for 2019 (at first leave interest and long term debt unchanged). Then answer the following questions.

Projected total assets = $______

Hint: Divide each quantity on the left-hand side of the 2018 Balance Sheet by the 2018 Sales to compute the percentages of sales. New sales in 2019 will be 10% higher than in 2018, so compute sales for 2019. Apply the percentages you computed for 2018 to the new sales number for 2019 to construct each line item on the Balance Sheet for 2018. Read off the Total Assets at the bottom.

Projected 2013 Retained Earnings = $______

Hint. Proceed by constructing the Income Statement for 2019. Start with the new Sales (10% higher than 2012). Compute Cost of Goods Sold and Depreciation as percentages of sales in 2018 and apply the same percentages to 2019 Sales to get CoGS and Depr for 2019. When you get to taxes, things will be different. Compute the Taxes for 2018 as % of Taxable Income, not Sales, for 2018. Apply the same percentage to the 2019 Taxable Income to get Taxes for 2019. Similarly, compute Dividends for 2018 as % of 2018 Net Income, not Sales. Apply that percentage to the 2019 Net Income to get 2019 Dividends. The Addition to the Retained Earnings for 2019 is equal to the Net Income minus Dividends. Add the Addition to RE to the 2018 Retained Earnings from the 2018 Balance Sheet and you have the new 2019 Retained Earnings.

Additional new debt required = $______

In: Accounting

Some investors believe the VIX follows a mean-reversion process. Do you agree? Why? (Please proof your...

Some investors believe the VIX follows a mean-reversion process. Do you agree? Why? (Please proof your answer based on VIX returns from Jan. 02, 2000 to Apr. 25, 2020)

In: Accounting

Use the information in this report to respond to the following question, World Health Report: Health...

Use the information in this report to respond to the following question, World Health Report: Health Systems (the world health report 2000).

How well have global health systems performed? (Answer in approx 250 words).

In: Nursing

   The overall growth of global trade has more than doubled since 2000. Why? What has...

   The overall growth of global trade has more than doubled since 2000. Why? What has been the most important factor prompting this growth. Is this rate of growth likely to continue in the future? Why or why not?

In: Economics

We are planning to have 2000 customers each generating 100 USD revenue for a total revenue...

We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day).

Q- What measure do you propose to bring it close to the planned number?

In: Finance

Between 2000 - 2010: What are the main goods and services the United States traded internationally?...

  • Between 2000 - 2010:
  • What are the main goods and services the United States traded internationally?
  • What trade barriers were in place during that decade?
  • What are two pros and two cons of the trade barriers used?

In: Economics

In the year 2000, Dr. Bowersox and two junior authors wrote a paper titled “Ten Mega-Trends...

In the year 2000, Dr. Bowersox and two junior authors wrote a paper titled “Ten Mega-Trends that will Revolutionize Supply Chain Logistics.” One of the trends is forecast to endcast. What does this mean, and why is it important?

In: Operations Management

A farm seeking to improve its operations has decided to eliminate the production of Bananas (10ha)...

A farm seeking to improve its operations has decided to eliminate the production of Bananas (10ha) and substitute it with onions (10ha). Four laborers are to be laid off in the process. The output Selling price and costs associated with each of the enterprise is given below:

Banana

Onions

Expected Yield = 50 Tonnes/ha

Expected Yield = 30 Tonnes/ha

Selling Price: $35000/tonne

Selling Price: $50000/tonne

Production Cost

Production Cost

Seed=5 tonnes/ha at $2000/tonne

Seed=10kg at $500/kg

Marketing transportation = $2000/tonne

Fertiliser=$3000/kg selling at $10000/50kg bag

Given information above prepare the partial budget for the farm and advise the manager on the intended substitution

In: Economics

according to the US census bureau, the population of the US seniors65 and older, in the...

according to the US census bureau, the population of the US seniors65 and older, in the year 2004 was approximately 36,300,000 people. In the year 2010, it was 40,267,984 people. the senior population was growing at an approximately constant rate during this period.

(a)use this information to express the US senior population as a function of time since the year 2000.

(b) what is slope of your function? what does this mean in the context?

(c) what would this model indicate that the US population of seniors was in the year 2000? ( The actual population in that year was approximately 34,991,753)

(d) what does this model predict the US population of seniors to be for the 2020 census? Do you think this will be an overestimate or underestimate and why?

(e) when does your model predict the US population of senior to be 45,500,000 people?

In: Advanced Math