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Sales increase
Pierce Furnishings generated $2 million in sales during 2012, and its year-end total assets were $1.4 million. Also, at year-end 2012, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2013, the company estimates that its assets must increase by $0.70 for every $1.00 increase in sales. Pierce's profit margin is 7%, and its retention ratio is 60%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent.
Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $18 million, and production and sales will require an initial $4 million investment in net operating working capital. The company's tax rate is 30%. W..
Against your advice, your little brother bought a Nolan Ryan rookie baseball card nine years ago for $250. Today the same card is selling for $2,700. What annual rate of return does this represent?
Donnegal Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2014. January February March April May
Lee plans to retire in 22 years with a nest egg of $8M. He has already saved $500,000 in an investment account that generates a nominal rate of return of 12%, compounded quarterly. However, he needs to withdraw $150,000 from this account in 10 years ..
A bond currently sells for $1,050, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,025. What is the duration of this bond?
Why is any NPV for a project that is greater than zero good? What is the main benefit of using a weighted scoring model? Identify and discuss what the first step of project portfolio management is and what value it brings to managing projects as a po..
a project has an initial cost of 40000 expected net cash inflows of 9000 per year for 7 years and a cost of capital of
Evaluate the role and function of finance, including the presentation and analysis of financial information, in sustaining and contributing towards the competitive advantage of organisations.
Which of the following statements is most accurate regarding agency problems? An agency problem likely occurs when there is a conflict of interest between owners and agents.
Discuss the financial aspects and financial implications of the ACA on health care organizations. Discuss at least two separate issues. Discuss how healthcare organizations and strategizing to adjust to the act.
A stock is expected to pay a dividend of $1.50 the end of the year (that is, D1 = $1.50), and it should continue to grow at a constant rate of 3% a year. If its required return is 15%, what is the stock's expected price 4 years from today? Round your..
You have a savings account that pays 3.7% interest compounded semi annually, but you are considering transferring your funds into a savings account that pays 3.3% interest compounded monthly. Calculate the difference in the effective interest rates o..
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