Question
Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.4S2028 bond early. Select : 1 Submit Answer $5,489,602 $5,828,840 $6,212,395 Round
Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.4S2028 bond early.
Select : 1
Submit Answer
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$5,489,602
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$5,828,840
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$6,212,395
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Round 4 Dec. 31 2024
Company Series# Face Yield Close$ S&P Andrews 11.2S2027 $7,735,097 12.1% 92.40 C 11.9S2028 $7,072,000 12.9% 92.50 C 11.4S2031 $14,700,000 13.1% 86.91 C 13.0S2032 $10,000,000 14.0% 93.16 C 14.4S2034 $17,000,000 14.5% 99.49 C Baldwin 11.9S2030 $14,535,324 12.8% 92.94 CCC 13.0S2031 $17,783,553 13.4% 96.97 CCC 13.6S2032 $34,233,360 13.7% 99.53 CCC 13.8S2033 $23,040,234 13.7% 100.50 CCC Chester 11.2S2030 $2,903,189 11.6% 96.31 BBB 12.0S2031 $1,307,561 12.1% 99.55 BBB 12.2S2032 $18,315,207 12.1% 100.50 BBB 12.5S2033 $12,808,803 12.2% 102.12 BBB Digby -
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2024 Income Statement
Product Name Bead Bid Bold Buddy Bat Beetle Na Na Total Common Size Sales $17,868 $23,947 $54,256 $49,516 $28,535 $33,752 $0 $0 $207,875 100% Variable Costs: Direct Labor $1,651 $2,602 $12,117 $8,748 $6,632 $7,583 $0 $0 $39,334 18.9% Direct Material $7,298 $10,675 $22,532 $18,186 $12,740 $13,831 $0 $0 $85,264 41% Inventory Carry $106 $248 $432 $634 $217 $144 $0 $0 $1,782 0.9% Total Variable $9,055 $13,525 $35,082 $27,569 $19,590 $21,559 $0 $0 $126,379 60.8% Contribution Margin $8,813 $10,422 $19,174 $21,948 $8,945 $12,194 $0 $0 $81,495 39.2% Period Costs: Depreciation $3,833 $4,600 $2,267 $2,153 $2,635 $2,475 $0 $0 $17,963 8.6% R&D $0 $0 $985 $985 $966 $966 $0 $0 $3,902 1.9% Promotions $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $0 $0 $7,200 3.5% Sales $1,000 $1,000 $2,400 $2,400 $900 $900 $0 $0 $8,600 4.1% Admin $185 $248 $562 $513 $295 $349 $0 $0 $2,152 1% Total Period $6,218 $7,048 $7,413 $7,251 $5,996 $5,890 $0 $0 $39,817 19.2% Net Margin $2,594 $3,374 $11,761 $14,697 $2,949 $6,303 $0 $0 $41,678 20% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs include the loss you might experience when you sell capacity or liquidate inventory as the result of eliminating a production line. If the amount appears as a negative amount, then you actually made money on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest: Interest expense based on last year's current debt, including short term debt, long term notes that have become due, and emergency loans. Long Term Interest: Interest paid on outstanding bonds. Taxes: Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net Profit: EBIT minus interest, taxes, and profit sharing.
Total Common Size Other $5,119 2.5% EBIT $36,559 17.6% Short Term Interest $4,460 2.1% Long Term Interest $11,877 5.7% Taxes $7,078 3.4% Profit Sharing $263 0.1% Net Profit $12,881 6.2% Variables Margins
Bar chart with 8 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 0.6.
Variables MarginsBeadBidBoldBuddyBatBeetleNANA0%10%20%30%40%50%60%
End of interactive chart.
Profit History
Bar chart with 9 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 15000.
Profit History201620172018201920202021202220232024$0$2,500$5,000$7,500$10,000$12,500$15,000
End of interactive chart.
Market Share History
Bar chart with 9 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 0.3.
Market Share History2016201720182019202020212022202320240%10%20%30%
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