The​ All-State Mutual Fund has the following​ 5-year record of​ performance:
    2016   2015   2014   2013   2012
Net investment income   0.95   0.91   0.83   0.71   0.66
Dividends from net investment income   (0.93)   (0.85)   (0.87)   (0.71)   (0.60)
Net realized and unrealized gains (or losses) on security transactions   4.24   5.15   (2.11)   2.75   (1.06)
Distributions from realized gains   (1.01)   (1.09)   0.00   (1.03)   0.00
Net increase (decrease) in NAV   3.25   4.12   (2.15)   1.72   (1.00)
NAV at beginning of year   12.76   8.64   10.79   9.07   10.07
NAV at end of year   16.01   12.76   8.64   10.79   9.07

This​ no-load fund's​ 5-year ​(2012-2016​) average annual compound rate of return is ??%. ​(Round to two decimal​ places.)
This​ no-load fund's​ 3-year ​(2014-2016​) average annual compound rate of return is ??%. ​(Round to two decimal​ places.)
If an investor bought the fund in 2012 at ​$10.07 a share and sold it 5 years later​ (in 2016​) at ​1$6.01 ​, the total profit per share she would have made over the​ 5-year holding period is ​$??

AFN equation

Broussard Skateboard's sales are expected to increase by 15% from $7.0 million in 2016 to $8.05 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 70%.

1. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar.
$

2. Assume that an otherwise identical firm had $5 million in total assets at the end of 2016. The identical firm's capital intensity ratio (A₀*/S₀) is

-Select- 1. higher than    2. lower than 3.equal to

than Broussard's; therefore,

3. the identical firm is

-Select- 1.less    2. more 3. the same capital intensive -

4. it would require

-Select- 1. a smaller    2. a larger 3. the same increase in total assets to support the increase in sales.

At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were $325,000. Sales, which in 2016 were $2.4 million, are expected to increase by 15% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $445,000 in 2016, and retained earnings were $260,000. Arrington plans to sell new common stock in the amount of $65,000. The firm's profit margin on sales is 4%; 40% of earnings will be retained.

What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent.
$

How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.)
$

LONG-TERM FINANCING NEEDED

At year-end 2016, total assets for Arrington Inc. were $1.6 million and accounts payable were $330,000. Sales, which in 2016 were $3 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $445,000 in 2016, and retained earnings were $335,000. Arrington plans to sell new common stock in the amount of $195,000. The firm's profit margin on sales is 6%; 35% of earnings will be retained.

a. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent.

b. How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.)

At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were $305,000. Sales, which in 2016 were $2.6 million, are expected to increase by 20% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $490,000 in 2016, and retained earnings were $290,000. Arrington plans to sell new common stock in the amount of $170,000. The firm's profit margin on sales is 6%; 35% of earnings will be retained. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent. $ How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.) $

At year-end 2016, total assets for Arrington Inc. were $1.6 million and accounts payable were $440,000. Sales, which in 2016 were $2.7 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $460,000 in 2016, and retained earnings were $255,000. Arrington plans to sell new common stock in the amount of $55,000. The firm's profit margin on sales is 5%; 60% of earnings will be retained.

1. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent.
   $
2. 
   
3. How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.)
   $

LONG-TERM FINANCING NEEDED At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were $445,000. Sales, which in 2016 were $3 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $455,000 in 2016, and retained earnings were $260,000. Arrington plans to sell new common stock in the amount of $60,000. The firm's profit margin on sales is 7%; 65% of earnings will be retained. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent. $ How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.) $

The following transactions apply to Park Co. for 2016:

1. Received $50,000 cash from the issue of common stock.

2. Purchased inventory on account for $180,000.

3. Sold inventory for $250,000 cash that had cost $140,000. Sales tax was collected at the rate of 5 percent on the inventory sold.

4. Borrowed $50,000 from First State Bank on March 1, 2016. The note had a 7 percent interest rate and a one-year term to maturity.

5. Paid the accounts payable (see transaction 2).

6. Paid the sales tax due on $190,000 of sales. Sales tax on the other $60,000 is not due until after the end of the year.

7. Salaries for the year for the one employee amounted to $46,000. Assume the Social Security tax rate is 6 percent and the Medicare tax rate is 1.5 percent. Federal income tax withheld was $5,300.

8. Paid $5,800 for warranty repairs during the year.

9. Paid $36,000 of other operating expenses during the year.

10. Paid a dividend of $2,000 to the shareholders.

Adjustments:

11. The products sold in transaction 3 were warranted. Park estimated that the warranty cost would be 3 percent of sales.

12. Record the accrued interest at December 31, 2016.

13. Record the accrued payroll tax at December 31, 2016. Assume no payroll taxes have been paid for the year. Do NOT record any federal or state unemployment tax expense or liability.

Prepare an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows for 2016.

On January 1, 2015, a machine was purchased for $109,800. The machine has an estimated salvage value of $7,320 and an estimated useful life of 5 years. The machine can operate for 122,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 24,400 hrs; 2016, 30,500 hrs; 2017, 18,300 hrs; 2018, 36,600 hrs; and 2019, 12,200 hrs.

Part 1

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)

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Part 2

Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset’s life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.)

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