You are planning to buy a residential property of Rs. 5 crores at a desired location. The property is always the one you wanted to have as a new home. Before you start a deal with the broker and the bank, you would like to analyse the current financial position. As you have other obligations to meet, with the current salary you would like to know the loan to be taken and how much can be considered from the personal finances. This process of managing one’s personal finances will help you identify your assets and liabilities and thus a decision whether to buy the residential property or should wait for the near future can be taken. Prepare a financial statement of you as an individual based on your income, expenses, assets and liabilities in a proper format. (Require to provide at least 10 different types of transactions for the purpose of this assignment).
We do not need excel sheet. Answer should be in word format only
a. Identify the transactions that took place in the financial year 2019 – 2020
b. Prepare Profit and Loss Account and Balance Sheet of you as an individual indicating clearly your income, expenses in profit and loss account and assets and liabilities in your balance sheet. (You have been inherited an amount of Rs. 1 crore from your grandfather. Consider this as opening capital for the financial year 2019 – 2020)
In: Accounting
|
he most recent financial statements for Retro Machine, Inc., follow. Sales for 2021 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. |
| RETRO MACHINE, INC. 2020 Income Statement |
||||||
| Sales | $ | 752,000 | ||||
| Costs | 587,000 | |||||
| Other expenses | 23,000 | |||||
| Earnings before interest and taxes | $ | 142,000 | ||||
| Interest paid | 19,000 | |||||
| Taxable income | $ | 123,000 | ||||
| Taxes (24%) | 29,520 | |||||
| Net income | $ | 93,480 | ||||
| Dividends | $ | 28,044 | ||||
| Addition to retained earnings | 65,436 | |||||
| RETRO MACHINE, INC. Balance Sheet as of December 31, 2020 |
|||||||
| Assets | Liabilities and Owners’ Equity | ||||||
| Current assets | Current liabilities | ||||||
| Cash | $ | 21,140 | Accounts payable | $ | 55,300 | ||
| Accounts receivable | 44,080 | Notes payable | 14,500 | ||||
| Inventory | 96,960 | Total | $ | 69,800 | |||
| Total | $ | 162,180 | Long-term debt | $ | 135,000 | ||
| Fixed assets | Owners’ equity | ||||||
| Net plant and equipment | $ | 428,000 | Common stock and paid-in surplus | $ | 117,000 | ||
| Retained earnings | 268,380 | ||||||
| Total | $ | 385,380 | |||||
| Total assets | $ | 590,180 | Total liabilities and owners’ equity | $ | 590,180 | ||
|
If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 30 percent growth rate in sales? (Do not round intermediate calculations.) |
In: Finance
Part A: Titration of a weak acid
Calculate the pH during the titration of 10.00 mL of 0.400 M hypochlorous acid with 0.500 M NaOH. First what is the initial pH (before any NaOH is added)?
The Ka for HOCl is 3.0 x 10-8 M.
Part B: How many mL of NaOH are added to reach the equivalence point?
Part C: What is the pH after 3.50 mL of NaOH are added?
Part D: What is the pH after 4.70 mL of NaOH are added?
Part E: What is the pH at the equivalence point? (Notice that the pH of a weak acid at the equivalence point is basic.)
Part F: What is the pH after 9.00 mL of NaOH are added?
Part G: What is the pH when half the acid has been neutralized?
Part H: What is the pH after 20.30 mL of NaOH are added?
In: Chemistry
In: Physics
Currently, Atlas Tours has $6.76 million in assets. This is a peak six-month period. During the other six months, temporary current assets drop to $570,000.
| Temporary current assets | $1,370,000 | |
| Permanent current assets | 2,140,000 | |
| Capital assets | 3,250,000 | |
| Total assets | $6,760,000 | |
Short-term rates are 5 percent. Long-term rates are 7 percent.
Annual earnings before interest and taxes are $1,250,000. The tax
rate is 38 percent.
a. If the assets are perfectly hedged throughout
the year, what will earnings after taxes be? (Enter answers
in whole dollar, not in million.)
Earnings after taxes $
b. If short-term interest rates increase to 7 percent when assets are at their lowest level, what will earnings after taxes be? For an example of perfectly hedged plans, see Figure 6–8
Earnings after taxes $
In: Accounting
Consider a weak acid-strong base titration in which 25 mL of 0.120 M of acetic acid is titrated with 0.120 M of NaOH.
a) Calculate the pH of the acetic acid solution BEFORE addition of NaOH (pKa of acetic acid = 4.75).
b) Calculate the pH after the addition of 3.00 mL of NaOH.
c) Calculate the pH after the additon of 12.5 mL of NaOH. Notice that this is the half neutralizatiom point: some of the acetic acid molecules are converted to acetate ions producing a buffer whose pH depends on the base/acid ratio (CH3COO-/CH3COOH).
d) Calculate the pH after the addtion of 25 mL of NaOH (equivalence point).
e) Calculate the pH after the addition of 35 mL of NaOH.
f) suggest an indicator other then phenolphthalein that would be suitable for this titration and explain why.
Thank you very much.
In: Chemistry
A company plans to announce that it will issue $1.6 million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a coupon rate of 6%. The company is currently all equity and worth $6.1 million with 280,000 share of common stock outstanding. After the sale of the bonds, the company will maintain the new capital structure indefinitely. The annual pretax earnings of $1.45 million are expected to remain constant in perpetuity. The tax rate is 21% a. What is the expected return on the company equity before the announcement of debt issue? b. What is the company stock price per share immediately after the repurchase announcement? c. How many shares will the company repurchase because of the debt issue? How many shares of common stock will remain after repurchasing? d. What is the required return on the company equity after restructuring?
In: Finance
Which of the following situations will disqualify a taxpayer from taking a deduction for moving expenses?
Group of answer choices
Pam moves from Phoenix to Los Angeles to take a new job. She works at the Los Angeles job for 45 weeks before starting a new job in Las Vegas.
Paul moves from Boston to Miami to start a new business selling t-shirts. The business is not successful and Paul returns to Boston after 52 weeks.
Phyllis opens a coffee bar after moving from Seattle to San Francisco. She still owns the coffee bar and lives in San Francisco 90 weeks after her move.
Marva moves from Dallas to Washington D.C. in her job as an IRS agent. She is still working at the IRS Washington office after one year.
In: Accounting
Currently, Atlas Tours has $6.12 million in assets. This is a peak six-month period. During the other six months, temporary current assets drop to $490,000.
| Temporary current assets | $1,290,000 | |
| Permanent current assets | 1,980,000 | |
| Capital assets | 2,850,000 | |
| Total assets | $6,120,000 | |
Short-term rates are 4 percent. Long-term rates are 5 percent.
Annual earnings before interest and taxes are $1,170,000. The tax
rate is 38 percent.
a. If the assets are perfectly hedged throughout
the year, what will earnings after taxes be? (Enter answers
in whole dollar, not in million.)
Earnings after taxes $
b. If short-term interest rates increase to 5 percent when assets are at their lowest level, what will earnings after taxes be? For an example of perfectly hedged plans, see Figure 6–8
Earnings after taxes $
In: Finance
Currently, Atlas Tours has $6.04 million in assets. This is a peak six-month period. During the other six months, temporary current assets drop to $480,000.
| Temporary current assets | $1,280,000 | |
| Permanent current assets | 1,960,000 | |
| Capital assets | 2,800,000 | |
| Total assets | $6,040,000 | |
Short-term rates are 5 percent. Long-term rates are 7 percent.
Annual earnings before interest and taxes are $1,160,000. The tax
rate is 38 percent.
a. If the assets are perfectly hedged throughout
the year, what will earnings after taxes be? (Enter answers
in whole dollar, not in million.)
Earnings after taxes $
b. If short-term interest rates increase to 7 percent when assets are at their lowest level, what will earnings after taxes be? For an example of perfectly hedged plans, see Figure 6–8
Earnings after taxes $
In: Finance