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Broussard Skateboard's sales are expected to increase by 20% from $7.8 million in 2016 to $9.36 million in 2017. Its assets totaled $4 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 75%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar. $
Assume that an otherwise identical firm had $2 million in total assets at the end of 2016. Broussard's capital intensity ratio (A0*/S0) is (higher/lower/equal) is than the otherwise identical firm; therefore, Broussard is (less/more/equal) capital intensive - it would require (smaller/larger/same) increase in total assets to support the increase in sales.
The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.2 percent, what is the current bond price?
TransAtlantic Petroleum Corp. plans to seek two additional production licenses from the Romanian government.
The current price of a non-dividend paying stock is $50. What is the option price?
If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index?
A Company’s perpetual preferred stock sells for $102.50 per share, and pays a $9.50 annual dividend. If the company were to issue a new preferred issue, a flotation cost of 4.00% would be paid to the investment bankers. What is the company's cost of ..
Calculate the monthly payment, rounded to the nearest dollar, for a six year $7, 500 simple interest car loan if the loan terms are a rate of 10 percent.
Find the 3-year implied forward rate one year and two years from now (the expected 3-year spot rate starting one year from now and two years from now). State the final answers as an annual rate.
Suppose the 360-day forward exchange rate is 1.657 dollars per British pound, and the current spot rate is 1.625 dollars per British pound. If the 360-day interest rate in the United States is 5% and the 360-day interest rate in Great Britain is 3%, ..
A $608,458 warehouse if being purchased by your company. What monthly payment in advance will be required to pay off this loan?
Jiminy's Cricket Farm issued a 30-year, 10.4 percent semiannual bond 9 years ago. The bond currently sells for 85.5 percent of its face value. The company’s tax rate is 30 percent. What is the pretax cost of debt? What is the aftertax cost of debt?
Review the requirements of the Chapter 3 Mini-Case, parts b through j. Then apply those requirements to do an analysis of Brinker International, which is a real company. Don't complete the minicase itself, just Brinker. Calculate the 2014 current and..
Medical Research Corporation has been expanding its production capacity and research to introduce a new product line. Current plans call for spending $ 100 million in four projects of the same magnitude ($ 25 million each), but offer different perfor..
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