Advantage First Corporation has sales of $4,950,263; income tax of $486,389; the selling, general and administrative expenses of $287,844; depreciation of $333,009; cost of goods sold of $2,984,391; and interest expense of $160,080. What is the amount of the firm’s EBIT?

15 Sales, production & material purchases budget

Living Corner sells home wares and various other reading related products. One of the stores most popular products is the fulffy lounge pillow. The pillow each sell for $16.00. Originally the pillows were handmade by a local artisan. The store's owner has been impressed with the demand for the pillow and has recently begun a small manufacturing company to produce and distribute the pillows to other stores. Estimated sales for the fourth quarter are as follows:

Each pillow requires half a metre of fabric that costs on average $12 per metre.

Required:

1. Prepare a sales budget for the fourth quarter
2. Prapare a production budget. The company did not have any inventory at the of September, but they want to maintain a 20% inventory at the end of each month based on the next month’s estimates sales. January’s sales are expected to be low, given the post- holiday trends and are estimated to be 5800 units.
3. Prepare a fabric purchases budget. The company did not have any inventory of fabric at the end of September, but they want to a maintain a inventory equal 10 percent of the next month’s material needs. January’s projected production is expected to be 5820 units.

Please provide solution with explanations. Thanks!

2014 I 31 2017 I 69

II 24 II 54

III 23 III 46

IV 16 IV 32

2015 I 42 2018 I 82

II 35 II 66

III 30 III 51

IV 23 IV 38

2016 I 53 2019 I 91

II 45 II 72

III 39 III 59

IV 27 IV 41

Create a multiple regression equation incorporating both a trend (t=0 in 2013: IV) and dummy variables for the quarters. Let the first quarter represent the reference (or base) group. Complete (e) thru (h) using your results. This is a computer deliverable.

(h) Test for the existence of first order autocorrelation, use alpha = 0.05. The calculated dw = 1.19.

ou are considering two different strategies for a savings account that you intend to close when you retire exactly 29 years from today. For Strategy 1, deposit $1,750 per quarter for 8 years (first deposit today; last one exactly 8 years from today); no new deposits will be made after the end of the deposit period, but interest continues to accrue until the account is closed. For Strategy 2, you’ll make your first quarterly deposit exactly 8 years from today, each quarterly deposit also equals $1,750 , and you’ll continue making quarterly deposits for 21 years, so that you make the final deposit exactly 29 years from today when you close the account. The savings rate always is 7.5% compounded quarterly. What will strategy 1 accumulate at retirement?

ou are considering two different strategies for a savings account that you intend to close when you retire exactly 29 years from today. For Strategy 1, deposit $1,750 per quarter for 8 years (first deposit today; last one exactly 8 years from today); no new deposits will be made after the end of the deposit period, but interest continues to accrue until the account is closed. For Strategy 2, you’ll make your first quarterly deposit exactly 8 years from today, each quarterly deposit also equals $1,750 , and you’ll continue making quarterly deposits for 21 years, so that you make the final deposit exactly 29 years from today when you close the account. The savings rate always is 9.5% compounded quarterly.

What will strategy 1 accumulate at retirement?

X Corporation owns real and personal property in New York. Under New York law, X is liable for taxes on real property on the first day of any payment date if it owns real property in the state. The dates are 2/1, 5/1, 8/1, 11/1. For 20X7 the amounts due on each date are $300. Under New York law, a taxpayer is liable for personal property taxes on property held on the first day of the year, payable 60% on July 1 following, and 40% on the 1st day of February of the succeeding year. For 20X7, X pays $300 on 11/1/X7 for the last quarter real estate taxes, and $6,000 of personal property taxes on 7/1/X7. The remaining $4,000 of personal property taxes are paid on 2/1/X8. When may these taxes be deducted?

Consider a 30-year mortgage with an interest rate of 10% compounded monthly and a monthly payment
of $850.
(1) Calculate the principal.
(2) How much of the principal is paid the first, 5th, 20th and last year?
(3) How much interest is paid the first, 5th, 20th and last year year?
(4) What is the total amount of money paid during the 30 years?
(5) What is the total amount of interest paid during the 30 years?
(6) What is the unpaid balance after 25 years?
(7) How much has to be deposited into a savings account with an interest rate of 4% compounded
quarterly in order to pay the unpaid balance of the mortgage after 25 years?
(8) How much has to be deposited each quarter year in a fund with an interest rate of 8% compounded
quarterly in order to cover the unpaid balance after 25 years?

Prime Minister Imran Khan asks for a plan to increase government spending to offset the fall in investment. The Finance Minister recommends three alternative choices to finance the plan: [06]
(i) An equal increase in taxes to fund expenditures.
(ii) Borrow the money by issuing new government bonds and maintain tax revenues invariable
(iii) Finance the expenditures by printing of money and maintain tax revenues invariable.
Order these financing alternatives from most expansionary to least expansionary. Also explain your ranking.
b) - The Conservative Party of United Kingdom always criticize the crowding-out effects of the government borrowings on private investment. The candidate for Prime Minister from Conservative Party argues that the UK government should just print money to manage the budget deficit. Discuss the merits and demerits of this scheme?

Our decisions are affected by what WE value. Sometimes people make different decisions because they value different things. This activity will ask you to reflect on your values and how you spend your time. Then, you will be asked to reflect on whether you are spending your time according to your values. Lastly, you'll be asked to write a brief story about a time you exhibited one of the traits you most value. Complete this assignment directly in the document provided below. Open this document and type your answers directly in this document. Make sure you save it with your answers. Click 'Submit Assignment,' browse your computer to attach a file and submit your completed file here. Do NOT send your completed assignment as an attachment to a message or an e-mail.