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I need help with this questions, can someone help? Please show your work so that I can follow BUS333 - Week 3 Chapter 1 (Introduction
I need help with this questions, can someone help? Please show your work so that I can follow
BUS333 - Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) Match each of the definitions in #1-5 with one of the following Business Organization structures: Corporation #4 General Partnership - #1 Limited Partnership - #2 Limited Liability Company - #5 Sole Proprietorship- #3 1. Formed by >=2 individuals (or entities), each with unlimited liability: 2. Formed by >=2 individuals (or entities), some but not all with unlimited liability: 3. Easiest to form and the most common business entity: 4. A distinct legal entity treated as a legal \"person\": 5. Entity operates like a partnership and all owners have limited liability: BUS333 - Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) For questions #6-18, refer to the following financial information for Plyler Overhead Door. YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT. BALANCE SHEETS: Assets: Cash Accounts Receivable Inventory Fixed Assets, net Total Assets Liabilities and Equity: Accounts Payable Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes Net Income 2014 2015 120,000 520,000 305,000 410,000 1,355,000 160,000 620,000 290,000 510,000 1,580,000 350,000 500,000 50,000 455,000 1,355,000 $375,000 625,000 75,000 505,000 1,580,000 3,500,000 2,275,000 515,000 120,000 590,000 40,000 550,000 187,000 363,000 1. What was Plyler's total current assets at the end of 2015? Total current assets at the end of 2015: $1,070,000 (sum of cash 160,000, AR 620,000 and Inventory 290,000) 2. What was Plyler's net working capital at the end of 2015? Net working capital = $695,000 1,070,000 (current assets) - 375,000 (current liabilities) 3. What was Plyler's shareholders' equity at book value at the end of 2015? Book value shareholders equity: $580,000 $1,000,000 (total liabilities) - $1,580,000 (total assets) 4. An appraiser recently valued Plyler's fixed assets at $600,000 and determined that $40,000 of their accounts receivable was noncollectible. Based on only this information, what was the market value of Plyler's shareholders' equity at the end of 2015? BUS333 - Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) 5. Assuming that Plyler did not buy back or redeem any of its shares, how much new common stock did it issue in 2015? 6. How much dividends did Plyler pay out to its shareholders in 2015? 7. What was Plyler's effective annual average tax rate in 2015? 8. If Plyler had 10,000 shares of common stock outstanding throughout 2015, what was its Earnings per Share (EPS) in 2015? 9. Assuming that Plyler didn't dispose of any of its fixed assets, how much new capital spending did it incur in 2015? 10. What was Plyler's Operating Cash Flow (OCF) in 2015? 11. What was Plyler's investment in net working capital for 2015? 12. What was Plyler's Cash Flow to Creditors in 2015? 13. What was Plyler's Cash Flow to Stockholders in 2015? BUS333 - Week 3 Chapter 1 (Introduction to Corporate Finance); Chapter 2 (Financial Statements) For questions #19-20, assume that a corporation's pretax net income is taxable based on 15% of the first $300,000, 30% of the next $300,000, and 39% of anything beyond that. YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT: 14. If the company made $1,000,000, what is the corporation's average tax rate? 15. If the company made $800,000, what is the corporation's marginal tax rateStep by Step Solution
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