please help urgent!! this is difficult
Covid Bashers Inc. has the following Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable $10,000 Marketable Securities 5,000 Note Payable 5,000 Accounts receivable 10,000 Shareholder Loan Receivable 2,000 Inventories 14.000 Total Current Assets $32,000 Total Liabilities $15,000 Land 40,000 Common Stocks 3,000 20,000 Retained Earnings 90.000 Building (cost - $30,000) Equipment (cost - $20,000) 16.000 Total $108.000 Total $108.000 Sales $200,000 COGS 100.000 Gross Profit 100,000 Operating expenses 72,500 Operating expenses Depreciation Interest Expense Total Expenses 72,500 1,000 500 74,000 Income before Taxes 26,000 Income Taxes (40%) 4.800 Net Income $10.400 Other information: The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40.000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50.000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2.000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20.000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% - Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15%. Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% Assume the business will continue as a going concern, what is its NORMALIZED EBITDA (no comma) FOR 2019? Answer. Referring to Covid Bashers Inc, what is the company's Normalized Discretionary Cash Flow for 2019 (no comma)? Hint: After taxes, and also what to do about SCI and PVTS. Other information: The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000 Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital Show al Referring to Covid Bashers Inc, what is the company's Normalized Discretionary Cash Flow for 2019 (no comma)? Hint: After taxes, and also what to do about SCI and PVTS. Other information: . The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV 55,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% . TE OF WISD X C "When Considering The Risk Of X SPVs in Asset Securitization - W X + empt=19866&cmid=114804&page=35 Referring to Covid Bashers Inc., What are the value of its Capitalized Cash Flows in 2019 (no commas)? Answer: Lastly, referring to Covid Bashers Inc. for 2019, What is the value of Equity (no commas)? Hints: Remember to adjust Capitalized Cash Flows for various balance sheet items and PVTS on existing assets. Other information: . The business does not have a business cycle 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. . . Lastly, referring to Covid Bashers Inc. for 2019, What is the value of Equity (no commas)? Hints: Remember to adjust Capitalized Cash Flows for various balance sheet items and PVTS on existing assets. Other information: . . The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000 Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% . Answer: Covid Bashers Inc. has the following Balance Sheet and Income Statement for 2019: Cash $ 1,000 Accounts Payable $10,000 Marketable Securities 5,000 Note Payable 5,000 Accounts receivable 10,000 Shareholder Loan Receivable 2,000 Inventories 14.000 Total Current Assets $32,000 Total Liabilities $15,000 Land 40,000 Common Stocks 3,000 20,000 Retained Earnings 90.000 Building (cost - $30,000) Equipment (cost - $20,000) 16.000 Total $108.000 Total $108.000 Sales $200,000 COGS 100.000 Gross Profit 100,000 Operating expenses 72,500 Operating expenses Depreciation Interest Expense Total Expenses 72,500 1,000 500 74,000 Income before Taxes 26,000 Income Taxes (40%) 4.800 Net Income $10.400 Other information: The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40.000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50.000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2.000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20.000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% - Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15%. Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% Assume the business will continue as a going concern, what is its NORMALIZED EBITDA (no comma) FOR 2019? Answer. Referring to Covid Bashers Inc, what is the company's Normalized Discretionary Cash Flow for 2019 (no comma)? Hint: After taxes, and also what to do about SCI and PVTS. Other information: The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000 Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital Show al Referring to Covid Bashers Inc, what is the company's Normalized Discretionary Cash Flow for 2019 (no comma)? Hint: After taxes, and also what to do about SCI and PVTS. Other information: . The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV 55,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3% . TE OF WISD X C "When Considering The Risk Of X SPVs in Asset Securitization - W X + empt=19866&cmid=114804&page=35 Referring to Covid Bashers Inc., What are the value of its Capitalized Cash Flows in 2019 (no commas)? Answer: Lastly, referring to Covid Bashers Inc. for 2019, What is the value of Equity (no commas)? Hints: Remember to adjust Capitalized Cash Flows for various balance sheet items and PVTS on existing assets. Other information: . The business does not have a business cycle 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000. Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. . . Lastly, referring to Covid Bashers Inc. for 2019, What is the value of Equity (no commas)? Hints: Remember to adjust Capitalized Cash Flows for various balance sheet items and PVTS on existing assets. Other information: . . The business does not have a business cycle - 2019 is an average year. The President (shareholder) has been paid a salary of $40,000 as he wanted to keep his income low for tax reasons but the market-rate for his services would have been $50,000 Marketable Securities are surplus cash in excess of operational needs (FMV $5,000) Shareholder Loan was made to the President to buy a car for his personal use. Expected capital expenditures required in order to sustain operations is estimated to be $2,000 per year. CCA rate on capital assets acquired is 30% The Undepreciated Capital Cost (UCC) balance on the existing assets is $20,000 and the CCA rate is 30%. Company tax rate is 40%. Capital Gains are taxed at 50% and no capital losses allowed on depreciable property. WACC rate is 15% Based on Company's growth prospects, economic and market conditions, capitalization rate is judged to be WACC less 3%