PLEASE ANSWER THE FOLLOWING QUESTIONS AND GIVE THE PROCESS OF CALCULATION 1] What is the APR en a $500,091} fixed rate lean amertising ever 39 years but due in 1|] years if thestated annual interest rate is 5.0% and the lender charges 2% as an erigjnatien fee, $13 fer a creditrepert and $500 fer an appraisal; a} 4.24% h} 5.flfl% c] 5.1 9% d] 5.29% […]
Sam Furber purchased a home in 2007 for $636,000, giving a mortgage to CNN Mortgage Co. for $500,000. After moving in, Sam had a built-in dining cabinet and bookshelves installed. He financed the shelving with Libraries, Inc., a total of $22,000. Libraries filed a financing statement on the security interest in the shelving on March 18, 2008. The shelving and cabinet are attached to the walls of the home. In […]
Capital budgeting not only involves crucial decisions about the dollar amount budgeted, the source and cost of financing, but capital budgeting decisions also cement the direction and future of the company for many years to come by determining what projects the money is invested in. This is especially important for technology companies that make large bets on a particular new product and technology that will […]
eWare Corp started operations Jan 1, 2009. Using the information from December 31, 2009 prepare income statement, retained earnings statement, balance sheet and statement of cash flows: Accounts Payable $31,500Accounts receivable 50,400Capital stock 262,500Cash ?Cash payments for operating activities 735,000Cash receipts from operating activities 878,850Cost of sales 420,000Dividends 26,250Income tax expense 147,000Income taxes payable 21,000Interest expense 15,750Inventories 94,500Note payable (due 2015) 105,000Property, plant and equipment […]
Hi I need assistance with the workings below PART B A recent article in the news indicates that you will need 75% of your current monthly salary grown by inflation upon retirement. You currently earn R20 000 per month. The South African inflation rate is 6%. You complete the inflation adjusted calculation and you find that you will require R154 285.76 per month for 20 […]
NaviNow Company agrees $20 million in cash to the four former owners of TrafficEye for all of its assets and liabilities. These four owners of TrafficEye developed and patented a technology for real-time monitoring of traffic patterns on the nations top 200 frequently congested highways. NaviNow plans to combine the new technology with its existing global positioning systems and projects a resulting substantial revenue increase.As […]
Olive Corporation was formed and began operations on January 1, 2018. The corporation’s income statement for the year and the balance sheet at year-end are presented below. The corporation made estimated tax payments of $5,000 and the corporation’s book federal income tax expense is equal to the federal tax liability. Assume any overpayment is credited to the 2019 estimated tax. Required: Prepare Form 1120. Enter […]
Consider a project to supply 96 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $1,685,000 five years ago; if the land were sold today, it would net you $1,760,000 aftertax. The land can be sold for $1,744,000 after taxes in five years. You will need to install $5.15 […]
Balance Sheet Cash $77,500 Receivables $336,000 Inventories $241,500 Total Current Assets $655,000 Net Fixed Assets $292,500 Total Assets $947,500 Accounts Payable $129,000 Notes Payable $84,000 Other Current Liabilities $ $117,000 Total Current Liab. $330,000 Long-term Debt $256,500 Common Equity $361,000 Total Liab. & Equity $947,500 Income Statement Sales $1,600,000 Cost of Goods Sold $1,200,000 Depreciation $145,000 EBIT $255,000 Interest Expense $90,000 EBT $165,000 Taxes $57,750 Net Income $107,250 a. Using the Dupont Model, calculated each component (profit margin, total asset turnover and equity multiplier as well […]
Ellen and Richard Alvin Flood, who were married in 1965, lived in a house trailer in Louisiana. Richard worked as a maintenance man and Ellen was employed at an insurance agency. Evidence at trial showed that Ellen was unhappy with her marriage. Ellen took out a life insurance policy on the life of her husband and named herself as beneficiary. The policy was issued by […]
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