(Financial forecasting) Sambonoza Enterprises projects its
sales next year to be $8 million and expects to...
(Financial forecasting) Sambonoza Enterprises projects its
sales next year to be $8 million and expects to earn 4 percent of
that amount after taxes. The firm is currently in the process of
projecting its financing needs and has made the following
assumptions (projections):1. Current assets will equal 28 percent
of sales, and fixed assets will remain at their current level of
$1 million.2. Common equity is currently $0.90 million, and the
firm pays out half of its after-tax earnings in...
(Financial
forecasting—discretionary
financing
needs)
Sambonoza Enterprises projects its sales next year to be
$6
million and...
(Financial
forecasting—discretionary
financing
needs)
Sambonoza Enterprises projects its sales next year to be
$6
million and expects to earn
7
percent of that amount after taxes. The firm is currently in the
process of projecting its financing needs and has made the
following assumptions (projections):1. Current assets will
equal
28
percent of sales, and fixed assets will remain at their current
level of
$1
million.2. Common equity is currently
$0.80
million, and the firm pays out half of its after-tax...
(Financial
forecasting—discretionary
financing
needs)
Sambonoza Enterprises projects its sales next year to be
$3
million and...
(Financial
forecasting—discretionary
financing
needs)
Sambonoza Enterprises projects its sales next year to be
$3
million and expects to earn
4
percent of that amount after taxes. The firm is currently in the
process of projecting its financing needs and has made the
following assumptions (projections):1. Current assets will
equal
24
percent of sales, and fixed assets will remain at their current
level of
$1
million.2. Common equity is currently
$0.70
million, and the firm pays out half of its after-tax...
1.) The Berndt Corporation expects to have sales of $10 million.
Costs other than depreciation are...
1.) The Berndt Corporation expects to have sales of $10 million.
Costs other than depreciation are expected to be 70% of sales, and
depreciation is expected to be $1.5 million. All sales revenues
will be collected in cash, and costs other than depreciation must
be paid for during the year. Brendt's federal-plus-state tax rate
is 40%. Berndt has no debt.
Set up an income statement. What is Berndt's expected net
income? Enter your answer in dollars. For example, an answer...
The annual sales for Salco, Inc. were
$ 4.69 million last year.
The firm's end-of-year balance...
The annual sales for Salco, Inc. were
$ 4.69 million last year.
The firm's end-of-year balance sheet was as follows:
Current assets $504,000
Liabilities $1,002,000
Net fixed assets 1,500,000 Owners'
equity 1,002,000
Total Assets $2,004,000 Total
$2,004,000
. Salco's income statement for the year was as follows:
Sales $4,690,000
Less: Cost of goods sold (3,509,000)
Gross profit $1,181,000
Less: Operating expenses (501,000)
Net operating income $680,000
Less: Interest expense (92,000)
Earnings before taxes...
The annual sales for Salco, Inc. were $ 4.58 million last year.
The firm's end-of-year balance...
The annual sales for Salco, Inc. were $ 4.58 million last year.
The firm's end-of-year balance sheet was as follows:
Current_assets $498,000 Liabilities $1,009,500
Net_fixed_assets 1,521,000 Owners'_equity 1,009,500
Total_Assets $2,019,000 Total $2,019,000
Salco's income statement for the year was as follows:
Sales $4,580,000
Less:_Cost_of_goods_sold (3,490,000)
Gross_profit $1,090,000
Less:_Operating_expenses (504,000)
Net_operating_income $586,000
Less:_Interest_expense (96,000)
Earnings_before_taxes $490,000
Less:_Taxes_(35%) (171,500)
Net_income $318,500
a. Calculate Salco's total asset turnover, operating profit
margin, and operating return on assets.
b. Salco plans to renovate one of...
The 2015 balance sheet of Global Tours showed current assets of
$1,360 and current liabilities of...
The 2015 balance sheet of Global Tours showed current assets of
$1,360 and current liabilities of $940. The 2016 balance sheet
showed current assets of $1,640 and current liabilities of $1,140.
What was the change in net working capital for 2016?
$80
$880
$920
$190
$170
Bonner Collision has shareholders' equity of $141,800. The firm
owes a total of $126,000 of which 60 percent is payable within the
next year. The firm net fixed assets of $161,900. What is the...
Lance H. and Wanda B. Dean are married and live at 431 Yucca
Drive, Santa Fe,...
Lance H. and Wanda B. Dean are married and live at 431 Yucca
Drive, Santa Fe, NM 87501. Lance works for the convention bureau of
the local Chamber of Commerce, while Wanda is employed part-time as
a paralegal for a law firm.
During 2016, the Deans had the following receipts:
Salaries ($60,000 for Lance, $41,000 for Wanda)
$101,000
Interest income—
City of Albuquerque general purpose
bonds
$1,000
Ford Motor company bonds
1,100
Ally Bank certificate of deposit
400
2,500
Child...
What role could the governance of ethics have played
if it had been in existence in...
What role could the governance of ethics have played
if it had been in existence in the organization? Assess the
leadership of Enron from an ethical perspective.
THE FALL OF ENRON: A STAKEHOLDER FAILURE
Once upon a time, there was a gleaming headquarters
office tower in Houston, with a giant tilted "£"' in front, slowly
revolving in the Texas sun. The Enron Corporation, which once
ranked among the top Fortune 500 companies, collapsed in 2001 under
a mountain of debt...