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You have been given the following information for Kellygirl’s Athletic Wear Corp. for the year 2015: a. Net sales = $38,650,000. b. Cost of goods sold = $22,170,000. c. Other operating expenses = $5,900,000. d. Addition to retained earnings = $1,205,500. e. Dividends paid to preferred and common stockholders = $1,930,500. f. Interest expense = $1,825,000. g. The firm’s tax rate is 30 percent. h. In 2016, net sales are expected to increase by $9.65 million. i. Cost of goods sold is expected to be 60 percent of net sales. j. Depreciation and other operating expenses are expected to be the same as in 2015. k. Interest expense is expected to be $2,100,000. l. The tax rate is expected to be 30 percent of EBT. m. Dividends paid to preferred and common stockholders will not change. Calculate the addition to retained earnings expected in 2016.
The requirement to provide financial accounting information is given by the need for outside stakeholders (primarily investors) to have reliable information about financial status of an organization?
Which of the following bonds will have the greatest percentage increase in value if all interest rates decrease by 1 percent?
What is Maximum potential loss and Max possible gain on that spread?
What are the profitability indexes and the NPVs of the following two projects: - If you can invest in only one of the projects, which would you choose?
carlson machine shop is considering a four-year project to improve its production efficiency by purchasing a new
Calculate the future value of $5,000 invested today for 6 years if your investment pays 4% compounded annually - Calculate the present value of $3,000 received 8 years from today - Calculate the expected rate of return for each stock separately.
An “interest-only” mortgage is made for $100,000 at 10 percent interest for 10 years. What will the monthly payments be?
A firm's profit margin is less than its peer group's. Which of the following statements draws an INCORRECT implication from this comparison between asset utilization ratios? Liquidity ratios indicate the degree to which a firm can ________. The diffe..
Assuming zero taxes, calculate the future value of a $1,000 lump-sum contribution to a savings plan, compounded annually, at the end of: (a) five years, using a 4% rate of return; (b) thirty years, using a 8% rate of return. Show your work.
How much do you need to save at the end of each year? How does this change if you can only earn 6% return.
Evaluate the restaurant’s options related to the stop payment on the customer’s check and the potential liability of the customer and customer’s bank.
q1amulroney did not use working capital cash flows in her original analysis. the analysis aboveincludes incremental
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