Homework Answers
A loan will increase the liability of the firm and that will increase the capital and the liability side. This will go up by $50 million. The answer is "A".
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17. Your business takes a long term loan to buy a competitor's manufacturing plant for $50 million. How much does the "...
a) Your business uses cash it already has on its on it’s balance sheet to buy a competitor’s manufacturing plant for...
a) Your business uses cash it already has on its on it’s balance sheet to buy a competitor’s manufacturing plant for $50 million. How much does the “right hand” side (Capital Employed) of the balance sheet change by? A Up by $50 million B It doesn’t change at all C Down by $50 million b) Your business takes a long term loan to buy a competitor’s manufacturing plant for $50 million. How much does the “right hand” side (Capital...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from page 135 of the textbook: Create a balance sheet template and prepare a balance sheet for the company at the end of two years of operation (30 points): a. The company has gross sales of $48 million per year and the pattern of sales is even, i.e. there is no cyclical pattern to sales. b. Customers are large firms with a...
I have no idea about how to write a balance sheet at all. thank you! Take...
I have no idea about how to write a balance sheet at
all. thank you!
Take the following information on a company, and say what assets the company has and where the money came from to own those assets (its liabilities and equity) at the end of two years of operation (assume the principal repayment of debt has been made for year 2): The company has gross sales of $48 million per year, and the pattern of sales is even,...
YES/NO Questions A Company’s CEO, Lee Ira Ontario (Nicknamed “LION”), realizes his company has too much...
YES/NO Questions A Company’s CEO, Lee Ira Ontario (Nicknamed “LION”), realizes his company has too much Cash on hand. The Company has been very profitable and cash balances have become very large because of that profitability as well as the fact the company does not pay a Dividend. His total balance sheet amounts to $ 10 billion and his Cash balances are 10% of that, $ 1 billion. The CEO realizes his Company does not have enough growth prospects or...
1. You are applying for a business loan. The two reports that your loan officer is...
1. You are applying for a business loan. The two reports that your loan officer is most likely to require are: a. Transaction Detail Report and Accrual Basis Report b. Income Statement (Profit and Loss Statement) and Transaction Detail Report c. Income Statement (Profit and Loss Statement) and Balance Sheet Report d. Transaction Detail Report and Cash Basis Report 2. In QuickBooks, 'Units of Measure' is used to define: a. Whether QuickBooks will use Imperial or Metric measurements b. Whether...
Questions to consider with your groups: You are advisingMr. Butler 1. Why does Mr. Butler have...
Questions to consider with your groups: You are advisingMr. Butler 1. Why does Mr. Butler have to borrow so much monay to support this profitable businass? Towards assessing Butler's financial health and performance, calculate common financial ratios as3essing the firm's profitability, assat efficiency (espacially working capital), leverage and liquidity. Your text for Business Finance should have a chapter covering thase ratios and your Introductory Accounting text should also have a chapter on financial ratios. You are given, for the years,...
Read below and answer, Why does a business that has profit of $30,000 per year need...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
please read footnote 13 and answer Question #4 Total shareholders's deficit 4. What does the "Long-term...
please read footnote 13 and answer Question #4
Total shareholders's deficit 4. What does the "Long-term debt" item represent? 5. What is the most significant trend based on your horizontal While the total amount of assets increased by 14.39% on a year year basis from 2017 to 2018 we can see that the company's tot current assets declined by 39.12% During the same period total c liabilities increased by 11.87% and this means that the company's current ratio declined. This...
PROFORMA STATEMENTS AND RATIOS The BIB-HOP Manufacturing Company was very satisfied with their ox...
Please and in full as well as number thr answer
PROFORMA STATEMENTS AND RATIOS The BIB-HOP Manufacturing Company was very satisfied with their ox performance The company had only begun operations the prior year, and as a result sales had been slow However things had picked up considerably in x wie sales more than doubing in volume B8-HOP had changed none of its business practices during the year and had managed to hold its cost of goods sold to 78%...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from page 135 of the textbook: Create a balance sheet template and prepare a balance sheet for the company at the end of two years of operation (30 points): a. The company has gross sales of $48 million per year and the pattern of sales is even, i.e. there is no cyclical pattern to sales. b. Customers are large firms with a...
I have no idea about how to write a balance sheet at
all. thank you!
Take the following information on a company, and say what assets the company has and where the money came from to own those assets (its liabilities and equity) at the end of two years of operation (assume the principal repayment of debt has been made for year 2): The company has gross sales of $48 million per year, and the pattern of sales is even,...
1. You are applying for a business loan. The two reports that your loan officer is most likely to require are: a. Transaction Detail Report and Accrual Basis Report b. Income Statement (Profit and Loss Statement) and Transaction Detail Report c. Income Statement (Profit and Loss Statement) and Balance Sheet Report d. Transaction Detail Report and Cash Basis Report 2. In QuickBooks, 'Units of Measure' is used to define: a. Whether QuickBooks will use Imperial or Metric measurements b. Whether...
Questions to consider with your groups: You are advisingMr. Butler 1. Why does Mr. Butler have to borrow so much monay to support this profitable businass? Towards assessing Butler's financial health and performance, calculate common financial ratios as3essing the firm's profitability, assat efficiency (espacially working capital), leverage and liquidity. Your text for Business Finance should have a chapter covering thase ratios and your Introductory Accounting text should also have a chapter on financial ratios. You are given, for the years,...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
please read footnote 13 and answer Question #4
Total shareholders's deficit 4. What does the "Long-term debt" item represent? 5. What is the most significant trend based on your horizontal While the total amount of assets increased by 14.39% on a year year basis from 2017 to 2018 we can see that the company's tot current assets declined by 39.12% During the same period total c liabilities increased by 11.87% and this means that the company's current ratio declined. This...
Please and in full as well as number thr answer
PROFORMA STATEMENTS AND RATIOS The BIB-HOP Manufacturing Company was very satisfied with their ox performance The company had only begun operations the prior year, and as a result sales had been slow However things had picked up considerably in x wie sales more than doubing in volume B8-HOP had changed none of its business practices during the year and had managed to hold its cost of goods sold to 78%...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...
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