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!
Condensed financial data of Lemere Inc. follow.
LEMERE INC. Comparative Balance Sheets December 31
Assets
2012
2011
Cash
$ 80,800
$ 48,400
Accounts receivable
87,800
38,000
Inventory
112,500
102,850
Prepaid expenses
28,400
26,000
Long-term investments
138,000
109,000
Plant assets
285,000
242,500
Accumulated depreciation
(50,000)
(52,000)
Total
$682,500
$514,750
Liabilities and Stockholders" Equity
Accounts payable
$102,000
$ 67,300
Accrued expenses payable
16,500
21,000
Bonds payable
110,000
146,000
Common stock
220,000
175,000
Retained earnings
234,000
105,450
LEMERE INC. Income Statement Data For the Year Ended December 31, 2012
Sales
$388,460
Less:
Cost of goods sold
$135,460
Operating expenses, excluding
depreciation
12,410
Depreciation expense
46,500
Income taxes
27,280
Interest expense
4,730
Loss on sale of plant assets
7,500
233,880
Net income
$154,580
Additional information:
1. New plant assets costing $100,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $26,030 was declared and paid during the year.
Instructions
Prepare a statement of cash flows using the indirect method.
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