Income statement for the fiscal year ending January 1 (Millions of dollars)
|
2017 (Actual) |
2018 (Projected) |
||
|
Net Sales |
$400.0 |
$430.0 |
|
|
Costs |
260.0 |
283.5 |
|
|
Depreciation |
37.5 |
42.5 |
|
|
Earnings before interest and taxes |
102.5 |
104.0 |
|
|
Interest expense |
14.1 |
16.0 |
|
|
Earnings before taxes |
88.4 |
89.9 |
|
|
Taxes (40%) |
35.36 |
35.2 |
|
|
Net income before preferred dividends |
53.04 |
52.8 |
|
|
Preferred dividends |
6.0 |
6.5 |
|
|
Net income |
47.04 |
46.3 |
|
|
Common dividends |
37.632 |
38.2 |
|
|
Addition to retained earnings |
9.0408 |
8.1 |
|
Balance sheets for the fiscal year ending January 1 (Millions of dollars)
|
2017 (Actual) |
2018 (Projected) |
||
|
Cash |
$6.3 |
$6.6 |
|
|
Marketable Securities |
40.9 |
37.128 |
|
|
Accounts Receivable |
62.0 |
66.0 |
|
|
Inventories |
107.0 |
115.5 |
|
|
Net plant & equipment |
391.0 |
415.36 |
|
|
Total Assets |
607.2 |
640.58 |
|
|
Accounts payable |
9.6 |
12.1 |
|
|
Accruals |
25.5 |
29.1 |
|
|
Long-term bonds |
210.7 |
227.78 |
|
|
Preferred Stock |
55 |
57.1 |
|
|
Common Stock (Par plus PIC) |
160.0 |
160.0 |
|
|
Retained earnings |
146.4 |
154.5 |
|
|
Total Liabilities & Equity |
607.2 |
640.58 |
|
In: Finance
I am trying to start saving for retirement. I am investing all my cash into the S&P 500, which will assume consistently 9.8% interest, compounded annually. I initially put a lump sum of $100 into my account, and I will deposit $10 every second week.
a) After 10 years, how much money will I have invested?
b) After 10 years, if I sold all of my stocks, how much money will I have in my account?
c) After 25 years, how much money have I invested?
d) If I had not sold my stocks at the 10 year mark and instead held onto them an additional 15 years before selling, how much additional money would I have in my account?
In: Finance
A construction company has 3 categories of casual
workers. Category A,B and C. Workers in categories A are paid 1000
per day for first 25 days, you are paid 800 per day for less than
25 days, any extra day after 25th you are paid 1200 per day. In
categorie B you are paid 800 per day if you work for 25 days
otherwise you are paid 600 per day if you work for less than 25
days . 1000 per day for any day after 25th.
Category C 600 per day for 25 days , 400 per day for days before 25
days and 800 per day for days after 25th day
Question
1.write an algorithm
2. Translate to flowchart
3. Translate into actual program using C++
In: Computer Science
A construction company has 3 categories of casual
workers. Category A,B and C. Workers in categories A are paid 1000
per day for first 25 days, you are paid 800 per day for less than
25 days, any extra day after 25th you are paid 1200 per day. In
categorie B you are paid 800 per day if you work for 25 days
otherwise you are paid 600 per day if you work for less than 25
days . 1000 per day for any day after 25th.
Category C 600 per day for 25 days , 400 per day for days before 25
days and 800 per day for days after 25th day
Question
1.write an algorithm
2. Translate to flowchart
In: Computer Science
In a test of the effectiveness of garlic for lowering cholesterol, 45 subjects were treated with garlic in a processed tablet form. Cholesterol levels were measured before and after the treatment. The changes in their levels of LDL cholesterol (in mg/dL) have a mean of 4.2 and a standard deviation of 19.6.
Answer the following (round as indicated).
A. What is the best point estimate of the population mean net change in LDL cholesterol after the garlic treatment?
The best point estimate is ??? mg/dL.
(Type an integer or a decimal.)
B. Construct a 90% confidence interval estimate of the mean net change in LDL cholesterol after the garlic treatment. What does the confidence interval suggest about the effectiveness of garlic in reducing LDL cholesterol?
What is the confidence interval estimate of the population mean μ?
?? mg/dL < μ < ?? mg/dl
(Round to two decimal places as needed.)
In: Statistics and Probability
From the reference frame of the Earth, a 0.0500-kilogram ball
moving in the +x
direction at 4.0 m/s overtakes and collides with a 0.1000-kg ball
moving in the +x direction
at 2.0 m/s. Assume that the collision is perfectly elastic, with
all motion after the collision
also along the x axis, and that the balls are moving on a
horizontal, friction-less surface.
Only Galilean relativity is needed for this problem.
(1) Calculate the speed and directions of each ball after the
collision. Hint: use energy
and momentum conservation.
(2) Use Galilean transformations to determine the velocities of
each ball as measured in
the reference frame of the 0.0500-kg ball, both before and after
the collision.
(3) Using your velocities from part (b), explicitly determine
whether total energy and
momentum are conserved in the 0.0500-kg ball's reference frame.
In: Physics
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $75,000 bill from her accountant for consulting services related to her small business. Isabel can pay the $75,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 37 percent this year and next year, and that she can earn an after-tax rate of return of 10 percent on her investments.
a. What is the after-tax cost if Isabel pays the $75,000 bill in December?
b. What is the after-tax cost if Isabel pays the
$75,000 bill in January? Use Exhibit 3.1. (Round your
answer to the nearest whole dollar amount.)
c. Based on requirements a and b, should Isabel
pay the $75,000 bill in December or January?
December
January
In: Accounting
On October 31, GRANGER Corporation’s liabilities totalled $201,000. Its shareholders’ equity consisted of 88,900 common shares issued, $889,000 and retained earnings, $260,000. GRANGER is considering the following three courses of action: (1) paying a $0.50 cash dividend, (2) declaring a 11% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $15 per share. Complete the following tabular summary of the effects of the alternative actions on GRANGER’s shareholders’ equity and number of common shares. (1) (2) (3) Before Action After Cash Dividend After Stock Dividend After Stock Split Total assets $1,350,000 $ $ $ Total liabilities $201,000 $ $ $ Common shares 889,000 Retained earnings 260,000 Total shareholders' equity 1,149,000 Total liabilities and shareholders’ equity $1,350,000 $ $ $ Number of common shares 88,900
In: Accounting
PLEASE BE DETAILED AND SHOW THE CALCULATIONS OF THE ANSWERS
A company is determined to purchase a special tool at a cost of $ 9,000. This team will generate savings amounting to $ 3,000 the first year, with an increase of $ 500 per year until the end of the fifth year. The company uses the MACRS depreciation method. Consider a 21% tax rate.
|
Years |
Cash flow before taxes |
Depreciation rates |
MACRS depreciation |
Taxable income |
Tax amount |
Cash flow after tax |
|
0 |
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|
1 |
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2 |
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3 |
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4 |
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5 |
b) Consider that the tool was sold for $ 2,500 at the end of the fifth year. Recalculate flow cash after-tax taking into account the sale of the asset. (Only fifth year)
c) If the equipment sold for $ 30,000 in the third year, determine the loss or recapture of corresponding depreciation.
In: Finance
You are a financial advisor and get the following question from one of your cllients M'' spoue and I each 62 and hope to retire in three year . After requirement we will received $7500 per month after taxes from our employees pension plans and $1500 per month after from the social security .Unfortunately , our monthly expenses are $15000.Our social obligation preclude further economies . We have $1000,000 invested in a high grade ,tax-free municipal -bond fund form. The return on the fund is 3.5% per year .We plan to make annual withdrawer from the mutual fund to cover the different between our pension nd social security income and our living expense .How year before we run out of money what do we tell our client?
In: Finance