What must the level of retained earnings be

Assignment Help Financial Management
Reference no: EM132031379

Consider the balance sheet for Carson Plumbing on December 31, 2012: They had cash and marketable securities of $49,750.00, accounts receivable of $89,940.00, inventory of $59,080.00, and net fixed assets of $199,775.00. It also had accounts payable of $39,800.00, notes payable of $34,245.00, long-term debt of $164,320.00, and common stock of $64,670.00. For the balance sheet to be correct, what must the level of retained earnings be?

Reference no: EM132031379

Questions Cloud

What is the external financing needed : No dividends are paid. Next year’s sales are projected to be $9,672. What is the external financing needed?
What is the equation of a line though the point : What is the equation of a line though the point (-5,-2) that is perpendicular to the x-axis. What is the slope?
What is the Coefficient of Variation for BGs stock : What is the Coefficient of Variation for UT's stock. what is the Coefficient of Variation for BG's stock
Steady rate for several months : A new toy hits the local store. Sales (in tens) increase a steady rate for several months, then decrease at about the same rate.
What must the level of retained earnings be : Consider the balance sheet for Carson Plumbing on December 31, 2012: what must the level of retained earnings be?
Find the present value of over a term : Find the present value of $10,000 over a term of 5 years at annual interest rate of 7% is interest is compounded annually
How much long term debt should firm have to support assets : How much long term debt should the firm have to support its assets?
Application of derivatives problem with some graphing : This is an application of derivatives problem with some graphing that I am not sure I did correctly. Can you explain (show) how this should be done.
How many students took 4 days to complete the assignment : 1. How many students took 4 days to complete the assignment? 2. How many students completed the project in 3 days or less?

Reviews

Write a Review

Financial Management Questions & Answers

  Organizational financials

For this piece of your project, create operational and financial components for the strategic planning process for NURSING HOMES. Consider both your internal and external analyses, but focus on your selected organization's strengths and weaknesses. T..

  The firm needs to plow back its earnings to fuel growth

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $12 per share dividend 10 years from today ..

  Determine the after-tax equivalent present worth

Determine the after-tax equivalent present worth. Use life of three years and work to the nearest dollar.

  Net present value of commercial real estate investment

What is the net present value of a commercial real estate investment with the following cash flows, if your required return is 12% of similar risk investments? The cost of retail storefront project is $500,000, but expect to be able to sell it after ..

  What is the most she should have paid for the annuity

Kay Mart has purchased an annuity to begin payment at the end of 2013 (the date of the first payment). Assume it is now the beginning of 2011. The annuity is for $27,000 per year and is designed to last ten years. If the discount rate for the calcula..

  What is the payback period of the ice cream cart

It will cost $4,000 to acquire a small ice cream cart. Cart sales are expected to be $3,200 a year for five years. After the five years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the pa..

  What is the discounted payback period for these cash flows

An investment project has annual cash inflows of $4,100, $5,000, $6,200, and $5,400, for the next four years, respectively. The discount rate is 14 percent. What is the discounted payback period for these cash flows if the initial cost is $6,800? Wha..

  What is the conversion value

Reynolds Technology has a convertible bond outstanding, trading in the marketplace at $910. What is the conversion value?

  Calculate standard deviation

Carl Jones is considering whether to invest in a newly formed investment fund. Calculate the standard deviation.

  Removing an income-producing asset

The Grantor, age 70, is interested in removing an income-producing asset with significant appreciation potential from her estate. However, in addition to removing the asset from her estate for estate tax purposes, she wants to retain payments from th..

  Allocative efficiency can be defined

Allocative efficiency can be defined as: The difference between the total profit change and the profit-linked productivity change. The point at which, for any mix of inputs that will produce a given output, no more of any one input is used than is ab..

  What is the benefit-cost ratio for the project

What is the benefit-cost ratio for the project?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd