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Assume that Kelly Giard of Clean Air Lawn Care decides to launch a new retail chain to market electrical mowers.This chain, named Mow Green, requires $500,000 of start-up capital.Kelly contributes $375,000 of personal assets in return for 15,000 shares of common stock, but he must raise another $125000 in cash.There are two alternatives plans for raising the additional cash.Plan A is to sell 3,750 shares of common stock to one or more investors for $125,000 cash.Plan B is to sell 1,250 shares of cumulative preferred stock to one or more investors for $125,000 cash (this preferred stock would have a $100 par value, an annual 8% dividend rate and be issued at par)
1.If the new business is expected to earn $72,000 of after-tax net income in the first year, what rate of return on beginning equity will Kelly earn under each alternative plan? Which plan will provided the higher expected return?
What worksheet entries are required in connection with the consolidation of this asset? Consider that the parent applies the partial equity method.
Impact on Net Income due to changes in prices - If the plugs are purchased and the facility rented, Mennekes Company wishes to realize $100,000 in savings annually. To achieve this goal, what must be the minimum annual rent on the facility?
norman company sells MP3 players for $60 each. Variable cost are $40 per unit, and fixed cost total $60,000. What sales are need bay norman to break even?
The new machine will cut operating costs by $10,000 every year for the next five years. Taylor's cost of capital is 8%. Should the firm replace the asset?
In Kirk's December 31, 2010 financial statements, for which the auditor's fieldwork was completed in April 2011, how should this casualty be reported?
January 5, to record the employer's payroll taxes on the payroll to be paid on January 5. Since it is a new fiscal year, all $675,000 in salaries is subject to unemployment compensation taxes.
What are mathematical model and computer simulation? What are stochastic model and deterministic model?
Include substantive tests of transactions, analytical procedures, and tests of account balances in your audit program. Be sure to identify the procedures necessary to analyze the income statement accounts related to your selected business cycle.
Suppose that the central bank increases the money stock. What will be the effects on output in the short run and in the medium run?
Briefly indicate the practical and conceptual reasons for the conclusion reached by the Financial Accounting Standards Board on accounting and reporting practices for research and development costs.
Lenat Company produced 50,000 units during the year. Variable costs per unit and fixed production costs have remained constant the entire year. There were no beginning inventories. How much is dollar value of ending inventory using full costing?
To make the money last, you have decided to invest it at 12% and withdraw it in 20 equal amounts over the next 20 years. Your first withdrawal will be one year from today. How much will you be able to withdraw each year?
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