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Broussard Skateboard's sales are expected to increase by 25% from $7.6 million in 2016 to $9.50 million in 2017. Its assets totaled $3 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, 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 forecasted to be 5%, and the forecasted payout ratio is 55%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations.
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A zero-coupon bond with face value $1,000 and maturity of 6 years sells for $846.0. What is its yield to maturity? Computer stocks currently provide a required rate of return of 16%. MBI, a large computer company, will pay a year-end dividend of $2 p..
ABC Furniture would like to go public to raise $90 million to support expected growth. Their investment bank charges the following: 6.6% underwriting spread for a firm commitment $421,907 in legal fees. The underwriter believes the IPO will be priced..
Tolo Co. Plans the following repurchases: $10.4 million in one year, nothing in two year, and $20.1 million in three years. After that, it will stop repurchasing and will issue dividends totaling $24.3 million in four years. The total paid in dividen..
The values for optimistic (a), pessimistic (b) and most likely (m) durations for each task are as shown below. These are based on the probability that virtually all (at least 99.7%) of the values of each task fall within the range from a to b.
What insight does ROI give into investment performance? Is it acceptable to lose product on one product, if that product is vital to the sale of an extremely profitable product? Please explain why?
Suppose that SBC issued a bond at face value on June 15, 2010 that will mature on June 15, 2026. The price of the bond on June 15, 2016 was quoted as $103.2 per $100 of face value. You have taken finance, so you know it will cost you $1032 to buy thi..
Why are operations plans and organizational budgets so closely linked? Recommend strategies for cross communication at the planning, development, or monitoring phases of operations planning and budgeting.
Suppose there is a firm that has several divisions. One of the divisions is considering introducing a new product to the market. If it does not introduce the product, then the firm’s profitability will not change. Assume that market research, correct..
An investor was expecting a return of 14.7% on her portfolio with a beta of 1.13 before the market risk premium decreased from 8 to 7%. Based on this change, what return should she now expect on the portfolio?
Based on the cash flows shown in the chart below, compute the NPV for Project Huron. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
All the following statements concerning the income, estate, and gift tax consequences of a gift to a 2503(c) trust for a minor are correct EXCEPT:
Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 8.2% nominal yield to maturity on this i..
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