Question
In 2011, Viana Corporation had sales of $400 and ended the year with the balance sheet given in Table 5C. For 2012, management forecasts sales
In 2011, Viana Corporation had sales of $400 and ended the year with the balance sheet given in Table 5C. For 2012, management forecasts sales of $480, net income of $24, and dividends of $12. Short-term borrowing, long-term debt, common stock, and fixed assets are discretionary; the remaining accounts are spontaneous. Forecast Viana=s external financing needed (EFN) in 2012 using the percentage-of-sales method.
. a. $72.
b. $84.
c. $88.
d. $96.
A state of California Bond is currently yeilding 5.50%. What after-tax yeild would you receive if you are in the 36% Federal tax bracket, and, as a New York resident, the 6% state tax bracket?
5.50% | ||
5.17% | ||
5.34% | ||
5.47%
Speed Company has an end-of-year-0 retained earnings balance of $8,468. The company projects Year 1 sales of $3,500 with a 5% net profit margin and a 30% dividend payout ratio. Forecast the end-of-year-1 balance of retained earnings. a. $122.50. b. $8,377.60. c. $8,590.50. d. $8,643.00
Maccarone Incorporated had earnings of $1,500,000 last year. On average, 1 million shares were outstanding during the year. Had all holders of the company=s options exchanged them for stock at the beginning of the year, there would have been 1,250,000 shares outstanding on average.
What was Maccarone=s primary earnings per share (EPS) last year? a. $1.20. b. $1.28. c. $1.50. d. $1.60.
Charlotte owes Carrie $6,000 and has promised to pay her friend $963.04 at the end of each year. Since they are good friends, Carrie has only asked for 3% interest on the loan. How many payments will Charlotte make? a. 6. b. 7. c. 8. d. 9. |
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