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a.Cumberland Industries's 2010 sales were $455,000,000; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $67,000,000; depreciation amounted to 10% of net fixed assets; interest expenses were $8,550,000; the state-plus-federal corporate tax rate was 40%; and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland's 2010 income statement. Also calculate total dividends and the addition to retained earnings.
b.Cumberland Industries's partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in 2010. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity.
Jackie Cosmetics Company has total assets of $437,600,000 and a debt ratio of 0.27. Calculate the company's debt-to-equity ratio.
Chuck wants to earn 7.5% on his zero coupon bond that matures in 19 years. It has a face value of $1,000. What would he be willing to pay today?
Peter land a loan of $328,337.1919 from George. The loan will be repaid over the next twenty-four years, beginning from the end of the next years. The Real interest expense for the first year is $15,785.44189.
The project WACC is 10.8%. What is the value of the project after considering the investment timing option?
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milwaukee surgical supplies inc. sell on term of 310 net 30 gross sales for the year are 1200000and the collections
If a corporation wants to allocate Head Quarters administrative expenses to its consulting offices and discuss the pros and cons for each of the following in terms of incentives,
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If the firm follows a maturity matching (or moderate) working capital financing policy, what is the most likely total of long-term debt plus equity capital.
why is components of financial plan necessary to designate a plug in a financial planning model?
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