Mr. A., a 67 year old African American male is here at the
clinic for medication refill and annual physical exam. He doesn't
remember all of his meds since he didn't write them down, but he
remebers taking St. John's Wort over the counter, ASA 81mg daily,
Digoxin 0.125mg daily. He has a history of Rheumatic Heart Disease,
Mitral valve replacement with mechanical device, and heart failure.
He reported today that he has been feeling easily tired today. He
has 2+ pitting edema in both legs. He also c/o pain when he walks
but the pain subsides when he stopped working. The doctor just gave
him an order for outpatient Chest xray. In the meantime, the doctor
examined the patient and found the following:
VS--96.8, 24, 66, 136/88, sats on RA--90%; crackles bilateral lower
lobes, 2+ edema of the legs,
abd tenderness, and dyspnea with exertion. Lower 1/3 of lower legs
are shiny, cool to touch, and hairless w/ dark discoloration
make a care plan with 4 subjective and objective data and also 6 interventions
In: Nursing
Phillip is planning on opening an electronics store. He will run it for only 1 year. The initial cost for opening a store is 500K and it will generate an EBIT of 800k at the end of year for sure. Risk-free rate is 5%, tax rate is 35%. Suppose John’s current wealth is 50k. He can borrow money from a bank. Bank knows that his electronic store will generate EBIT of 800k at the end of year for sure.
In this situation, would he want to open the electronic store?
What is the value of his equity of the electronic (at t=0) if he opens it?
If he opens the restaurant at t=0 and sells the entire ownership of the electronic store to Zach at t=0, with what price can Phillip sell the ownership? How much return did Phillip make relative to his investment at t=0?
In: Accounting
Phillip is planning on opening an electronics store. He will run it for only 1 year. The initial cost for opening a store is 500K and it will generate an EBIT of 800k at the end of year for sure. Risk-free rate is 5%, tax rate is 35%. Suppose Phillip has enough wealth to cover the initial cost of 500k. Assume that he can’t borrow money.
In this situation, would he want to open the electronic store? What is the value of his equity of the electronic store (at t=0) if he opens it?
If he opens the restaurant at t=0 and sell entire ownership of the electronic store to Zach at t=0, with what price can Phillip sell the ownership? How much return did Phillip make relative to his initial investment at t=0?
In: Accounting
In: Accounting
Congo Corp. has the following capital structure at the beginning of this year: Preferred shares, $ 3, no par value, cumulative, 20,000 shares authorized, 6,000 shares issued and outstanding$ 300,000 Common shares, no par value, 60,000 shares authorized, 40,000 shares issued and outstanding510,000 Total contributed capital810,000 Retained earnings 340,000 Total shareholders' equity$ 1,150,000 Instructions a)Record the following transactions which occurred consecutively this year. Show all calculations. i.There are no dividends in arrears. A total cash dividend of $ 90,000 was declared. The preferred shares are participating to a maximum of 10%. Record dividends payable to common and preferred shares in separate accounts. ii.A 10% common stock dividend was declared. The current market value of the common shares is $ 16 a share. iii.Net income for the year was $ 180,000. Record the closing entry. b) Incorporating all the above information, construct the shareholders' equity.
In: Accounting
You are bidding on a contract to supply 100,000 scarves per year for the next 3 years. To pursue this project, you must purchase $10,000 in new equipment today, which you will depreciate straight-line to zero over 3 years. The cost to you is $5.00 per scarf plus $20,000 per year in fixed costs. The project requires no additional net working capital investment and there is no salvage value for the equipment you will purchase. You have a required return of 10% on this project. Your marginal tax rate is 30%.
What should your bid price be?
Please show all the steps carefully with explanation. Thank You.
In: Finance
Presented below are a number of balance sheet items for Sunland,
Inc., for the current year, 2017.
| Goodwill | $ 127,990 | Accumulated Depreciation-Equipment | $ 292,160 | |||
| Payroll Taxes Payable | 180,581 | Inventory | 242,790 | |||
| Bonds payable | 302,990 | Rent payable (short-term) | 47,990 | |||
| Discount on bonds payable | 15,160 | Income taxes payable | 101,352 | |||
| Cash | 362,990 | Rent payable (long-term) | 482,990 | |||
| Land | 482,990 | Common stock, $1 par value | 202,990 | |||
| Notes receivable | 448,690 | Preferred stock, $10 par value | 152,990 | |||
| Notes payable (to banks) | 267,990 | Prepaid expenses | 90,910 | |||
| Accounts payable | 492,990 | Equipment | 1,472,990 | |||
| Retained earnings | ? | Debt investments (trading) | 123,990 | |||
| Income taxes receivable | 100,620 | Accumulated Depreciation-Buildings | 270,360 | |||
| Notes payable (long-term) | 1,602,990 | Buildings | 1,642,990 |
Prepare a classified balance sheet in good form. Common stock
authorized was 400,000 shares, and preferred stock authorized was
20,000 shares. Assume that notes receivable and notes payable are
short-term, unless stated otherwise. Cost and fair value of debt
investments (trading) are the same. (List Current
Assets in the order of liquidity. List Property, Plant and
Equipment in order of Land, Building and
Equipment.)
In: Accounting
Personal Budget
At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget:
| Cash balance, September 1 (from a summer job) | $6,000 |
| Purchase season football tickets in September | 150 |
| Additional entertainment for each month | 250 |
| Pay fall semester tuition in September | 3,500 |
| Pay rent at the beginning of each month | 450 |
| Pay for food each month | 400 |
| Pay apartment deposit on September 2 (to be returned December 15) | 450 |
| Part-time job earnings each month (net of taxes) | 1,300 |
a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except cash decrease which should be indicated with a minus sign.
| Priscilla Wescott | ||||
| Cash Budget | ||||
| For the Four Months Ending December 31 | ||||
| September | October | November | December | |
| Estimated cash receipts from: | ||||
| Part-time job | $ | $ | $ | $ |
| Deposit | ||||
| Total cash receipts | $ | $ | $ | $ |
| Less estimated cash payments for: | ||||
| Season football tickets | $ | |||
| Additional entertainment | $ | $ | $ | |
| Tuition | ||||
| Rent | ||||
| Food | ||||
| Deposit | ||||
| Total cash payments | $ | $ | $ | $ |
| Cash increase (decrease) | $ | $ | $ | $ |
| Plus cash balance at beginning of the month | ||||
| Cash balance at end of month | $ | $ | $ | $ |
In: Accounting
The XYZ Corporation had a net profit of $120,000 in the fiscal year just ended. The capital stock consists of 8,000 shares of 8% convertible preferred stock with a par value of $50 per share and 20,000 shares of no-par common stock. If the board of directors declared a dividend of the entire earnings, what amount would be paid to preferred and common shareholders?
In: Finance
Ward Corp. is expected to have an EBIT of $2,650,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $180,000, $115,000, and $130,000, respectively. All are expected to grow at 17 percent per year for four years. The company currently has $20,500,000 in debt and 850,000 shares outstanding. At Year 5, you believe that the company's sales will be $17,400,000 and the appropriate price?sales ratio is 2.6. The company’s WACC is 9.5 percent and the tax rate is 35 percent. What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) SHOW WOl'"R<k[;.
In: Finance