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Question: Problem 1: Plastics Inc. is a company that operates in four different divisions. The following information relating to each segment is available for 2016.
Sales revenue
Cost of goods sold
Operating expenses
Total expenses
Operating profit (loss)
Identifiable assets
Bottles
$ 65,000
$ 26,000
$8,000
$ 34,000
$31,000
$ 66,000
Containers
$ 95,000
$ 62,000
$ 48,000
$ 110,000
$ (15,000)
$ 80,000
Dollhouses
$620,000
$353,000
$140,000
$ 493,000
$ 127,000
$ 640,000
Silverware
$18,000
$ 8,000
$ 6,500
$14,500
$3,500
$36,000
Sales of segments Containers and Dollhouses included intersegment sales of $30,000 and $150,000, respectively.
Required: Determine which of the segments are reportable based on the following:
Revenue Test
Operating profit (loss) test
Identifiable assets test
Problem 2: The following information pertains to Walrus Inc.
Cash
$60,000
Accounts receivable
170,000
Inventory
100,000
Plant assets (net)
582,000
Total assets
$912,000
Accounts payable
$110,000
Accrued taxes and expenses payable
42,000
Long-term debt
120,000
Common stock ($10 par)
260,000
Paid-in capital in excess of par
50,000
Retained earnings
330,000
Total equities
Net sales (all on credit)
$2,000,000
1,400,000
Net income
Required: Compute the following: (ignore Avg for balance sheet accounts)
(a) Current ratio
(b) Inventory turnover
(c) Receivables turnover
(d) Book value per share
(e) Earnings per share
(f) Debt to total assets
(g) Profit margin on sales
(h) Return on common stock equity
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
Prepare the bank reconciliation for company.
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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