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Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2013 to $9.2 million in 2014. Its assets totaled $5 million at the end of 2013. Broussard is already at full capacity, so its assets most grow at the same rate as projected sales. At the end of 2013, current liabilities were $1.4 million consisting of $450,000 of accounts payable, $500,000 of notes payable and $450,000 of accruals. The after-tax profit margin is forecast to be 6%, and the forecast payout ratio is 40%. Use the AFN equation to forecast Broussard’s additional funds needed for the coming year.
Jesse, age 20, plans to save $3,000 a year for 10 years starting at age 24. Alicia, age 20, plans to save $3,000 a year for 10 years starting at age 31. Both expect to earn the same rate of return. Which plan is better given that neither of these ind..
Banana Box Corporation has sales of $4,603,950; income tax of $469,586; the selling, general and administrative expenses of $203,073; depreciation of $343,754; costs of goods sold of $2,950,310; and interest expense of $192,871. Calculate the amount ..
Describe in detail how to calculate the present value and the future value of a series of cash flows. What is APR? What is EAR? Are they the same thing? Describe in detail the differences and similarities in calculating the present value and future v..
Which of the following statements are true if the efficient market hypothesis holds?
A firm has sales of $3,600, costs of $2,800, interest paid of $100, and depreciation of $400. The tax rate is 34%. What is the value of the cash coverage ratio?
Bob would like to have $26,000 in 5 years to use as a down payment on a house. He plans on depositing an equal of money at the end of every month to save for this goal. If Bob can earn 6% interest per year(0.5% interest per month) what must he save p..
Cessalin Company sells artificial flower arrangements for $25.75 per arrangement. The company has fixed operating costs of $38,430 per year. They also have variable cost per arrangement of $10.50. What are the operating breakeven points in units?
Show the company’s historic and forecasted EBITDA and EBITDA margin; Show the company’s historic and forecasted diluted earnings per share (Diluted-EPS) Show the company’s historic and forecasted Dupont ROE analysis. Calculate a discount rate for you..
Delamont Transport Company (DTC) is evaluating the merits of leasing versus purchasing a truck with a 4-year life that costs $50,000 and falls into the MACRS 3-year class. If the firm borrows and buys the truck, the loan rate would be 9%, and the loa..
The real risk-free rate is 2%. Inflation is expected to be 3% this year, 5% next year, and then 6% thereafter. The maturity risk premium is estimated to be 0.0004 x (t - 1), where t = number of years to maturity. What is the nominal interest rate on ..
Fifteenth Bank has an issue of 7% preferred stock with a $100.00 par value that just sold for $109 per share. What is the bank’s cost of preferred stock? (Show your work and round your answer to two decimal places).
McCue Inc.'s bonds currently sell for $1,250. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. Assume that no costs other than the call premium would be incurred to call and r..
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