Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A budget is being prepared for the first and second quarters of 19B for Aggarwal Retail Stores, Inc. The balance sheet as of December 31, 19A, is given below.
AGGARWAL RETAIL STORES, INC.
Balance Sheet
December 31, 19A
ASSETS
Cash
$ 65,000
Accounts Receivable
52,000
Merchandise Inventory
75,000
Total Assets
$192,000
LIABILITIES AND EQUITIES
Accounts Payable
$ 83,000
Income Tax Payable
20,000
Capital Stock
70,000
Retained Earnings
19,000
Total Liabilities and Equities
Actual and projected sales are:
19A 3d quarter (actual)
$250,000
19A 4th quarter (actual)
300,000
19B 1st quarter (estimated)
200,000
19B 2d quarter (estimated)
230,000
19B 3d quarter (estimated)
220,000
Experience has shown that 60 percent of sales will be collected during the quarter of sales and 35 percent of sales will be collected in the following quarter. Gross profit averages 30 percent of sales. There is a basic inventory of $20,000. The policy is to purchase additional inventory each quarter in the amount necessary to provide for the following quarter's sales. Assume that payments are made in the quarter following the quarter of purchase. Selling and administrative expenses for each quarter are estimated at 4 percent of sales plus $15,000. They are paid as incurred. Income tax is equal to 40 percent of taxable income. The income taxliability as of December 31, 19A, is to be paid during the first quarter of 19B. Prepare a budgeted income statement for the first and second quarters of 19B and a budgeted balance sheet as of June 30, 19B.
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
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd