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!
Question
Margie Johnson is a staff accountant at ToolEx Company, a manufacturer of tools and equipment. The company is under pressure from investors to increase earnings, and the president of the company expects the accounting department to "make this happen." Margie's boss, who has been a mentor to her, is concerned that if earnings do not increase, he will be terminated.
Shortly after the end of the fiscal year, the company performs a physical count of the inventory. When Margie compares the physical count to the balance in the inventory account, she finds a significant amount of inventory shrinkage.
The amount is so large that it will result in a significant drop in earnings this period. Margie's boss asks her not to make the adjusting entry for shrinkage this period.
He assures her that they will get "caught up" on shrinkage in the next period, after the pressure is off to reach this period's earnings goal. Margie's boss asks her to do it as a personal favor to him.
What should Margie do in this situation and why?
PJA's pre-tax cost of debt is 5% and it targets a debt ratio of 50%. If PJA's corporate tax rate is 30%, what is PJA's WACC?
A company is expected to pay a dividend of $1.25 three years from now. Once the company initiates the dividend payment, the dividends are expected to grow at a constant rate of 5% per year thereafter. The required return on this company is 10%. What ..
The tax rate is 34 percent. What is the company's target debt-equity ratio?
The DJIA is often criticized as not being representative of the economy given that it comprises of stocks of only 30, large, mature, and less volatile companies. It has been observed that the DJIA performance often does not mimic that of the NYSE. Wh..
The current S&P 500 index is 2000 and the continuously compounded risk-free interest rate is 2% per year. Should the market maker execute the trade? Why?
Ironore Limited is an iron mining company whose mines are slowly being depleted (i.e., little by little, the amount of iron ore available in the mine is declining as the ore is extracted each year). What is your estimate of Ironore’s Price/Earnings r..
Is the plan simple and succinct? Is it easy to understand and act on? Is the plan realistic? Are the sales goals, expense budgets and milestone dates realistic?
A firm has no current liabilities. If the long-term debt-to-equity ratio is 3, what is the total debt ratio?
You have $100,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 10.6 percent.
What is the aggregate market value of the equity? Did the old shareholders gain or lose total value?
Prepare a cash flow profile (Net Present Value Analysis). Show your cash flows and compute the net present value and payback of the project.
The projected annual net income is $595,000, $502,000, $486,000, and $324,000 over these four years. What is the average accounting return?
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