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Your job involves financial modeling. You gather the following information from pro forma financial statements for the upcoming year.
Sales $180,000 Cost of goods sold $120,000 Accounts payable $19,000 Accounts receivable $27,000 Total assets $72,000 Inventory $16,000 After building in many other assumptions, your preliminary analysis indicates that the external financing needed (EFN) for the coming year will be $7,000.
Problem a. Calculate the average days payable (ADP) that was assumed when deriving the initial amount of EFN (i.e., $7,000) from the preliminary model.
The interest rate charged by Courts Fiji Ltd on hire purchases is 18% per annum. Calculate the monthly instalment to be paid over the two years.
Why do you believe Polaris includes these costs in its cost of sales and what effect does this cost accounting policy for its cost of sales have on Polaris'' financial statements and any analysis of those statements?
Prepare a balance sheet, income statement, and statement of cash flows as of December 31.
cash payment will not be collected until December. Using accrual-basis accounting, how much revenue should Just Like Fred Astaire, Inc. recognize in November?
The Clifford Corporation has announced a rights offer to raise $88 million. If the subscription price is set at $11 per share, how many shares must be sold?
At the end of the current year, Accounts Receivable has a balance of $750,000; Allowance for Doubtful Accounts has a credit balance of $11,250; and net sales for the year total $4,150,000.
Which is NOT a feature of a process costing system?
Assuming that the company’s $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine inventory’s direct labor costs and its overhead costs.
Calculate the ROI for Rae Corporation and calculate the profit margin for Rae Corporation.
Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for first and second years under the declining
E$/€ is 1.1 dollars per euro. The one year forward rate F$/€ = 1.2. Is there an arbitrage opportunity here, and if so, how would one exploit it?
You found an investment that pays $1,000 a year for 15 years. How much would you pay for this investment if you require 8 percent return on your investment?
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