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Progressive Company reported the following asset values in 2014 and 2015: Cash 2015-$50000 2014-$45000 Accounts receivable 2015-$300000 2014-$220000 Inventory 2015-$650000 2014-$510000 Land 2015-$600000 2014-$400000 Buildings 2015-$900000 2014-$800000 Equipment 2015-$350000 2014-$250000 In addition, in 2015, Progressive had sales of $4,800,000; cost of good sold for the year was $2,900,000. As of the end of 2014, the fair value of Progressive's total assets was $3,000,000. Of the excess of fair value over book value, $100,000 resulted from the fact that Progressive uses LIFO for inventory valuation. As of the end of 2015, the fair value of Progressive's total assets was $3,800,000, and Progressive's LIFO reserve was $150,000. 1. Compute Progressive's fixed asset turnover ratio for 2015. 2. Using the fair value of fixed assets instead of their book values, recompute Progressive's fixed asset turnover ratio for 2015. State any assumptions that you make.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
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Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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