Reference no: EM132019462
1) Balance sheet: tim Dye, the CFO of Blackwell Automative, Inc, is putting together this year's financial statements, He has gather the following balance sheet information: the firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $313,299, retained earnings of $512,159, inventory of $212,444, goodwill and other assets equal to $78,656, net plant and equipment of $711,256, and short term notes payable of $21,115,. It also had account receivable of $141,258, and other current assets of $11,223, how much lon-term debt does Blackwell Automotive have?
2) Income statement: Nimitz Rental company provided the following information to its auditors. for the year ended March 31,2011, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses $108,195, and interest expenses equal to $78,122,. If the company's tax rate is 34 perecnt, what is its net income after taxes?
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Computing the value of the stock today
: Farrow Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Farrow.
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Prepare the journal entry to eliminate the intercompany sale
: S Company originally paid $55,000 for this investment. Prepare the necessary journal entry or entries to eliminate the intercompany sale
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What is the character of the income recognized
: When does she recognize income from the SARs, and what is the character of the income recognized?
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What is the required rate of return on your company stock
: Assume that the average firm in your company's industry is expected to grow at a constant rate of 7% and that its dividend yield is 5%.
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What is its net income after taxes
: leasing expenses $108,195, and interest expenses equal to $78,122,. If the company's tax rate is 34 perecnt, what is its net income after taxes?
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What are its projected after-tax cash flows
: Howard Corporation's sales for the year are expected to be $1,500,000. If Howard's tax rate is 30 percent, what are its projected after-tax cash flows
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Calculate the net interest margin
: Calculate the net interest margin if the bank hedges its forward foreign exchange exposure? (Do not round intermediate calculations).
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Explain what is meant by a significant risk
: Describe the auditors' general approach to such risk assessment. Explain what is meant by a significant risk
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Information about elkridge sporting goods
: Balance sheet: Given the following information about Elkridge sporting goods. inc., construct a balance sheet for June 30, 2011.
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