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At year-end 2002, total assets for Bertin Inc. were $1.2 million and accounts payable were $375,000. Sales, which in 2002 were $2.5 million, are expected to increase by 25 percent in2003. Total assets and accounts payable are proportional to sales and that relationship will be maintained. Bertin typically uses no current liabilities other than accounts payable. Common stock amounted to $425,000 in 2002, and retained earnings were $295,000. Bertin plans to sell new common stock in the amount of $75,000. The firm"s profit margin on sales is 6 percent; 40 percent of earnings will be paid out as dividends.
a. What was Bertin"s total debt in 2002?
b. How much new, long-term debt financing will be needed in 2003? (Hint: AFN - New stock =New long-term debt.) Do not consider any financing feedback effects.
Business value of social networks
Describe the key differences between simulation models and the models covered in previous modules, not only from the perspective of their applications, but also from the perspective of computing/solving the models.
A firm is considering two mutually exclusive projects that have the annual cash flows shown below. Based on NPV analysis, which project should be accepted? The required rate of return is 7.0000%
A Corporation will pay a $2 per share dividend in one year. The dividend in 2 years will be $4 per share, and it is expected that dividends will grow at 5% each year thereafter.
What will the net increase or decrease in the annual flotation cost tax savings be if refunding takes place? (a) $6,480 (b) $7,200 (c) $8,000 (d) $8,800 (e) $9,680
In your judgment, is the campaign wrong to run? Use the model of ethical decision making described in your notes to explain your reasoning.
These two possibilities are equally like. If you wait, the true outcome will be appraent in period 1, at the expense of a one period delay for all cash-flows. What is the value of the option to delay one period?
creating own dividend policy. erik own 2000000 shares of wiseguy entertainment. wiseguy just declared a cash dividend
If sales should increase by 30 percent, by what percent would earnings before taxes (and net income) increase?
Wright has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?
the audiology department at randall clinic offers many services to the clinics patients. the three most common along
value of holdingreturn last 12 monthsstandard deviationbeta of total portfolioshare a12000124611027share
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