Question 1 As of December 31, 20x1, Company "X" presents the following balance sheet ACTIVE NET ASSETS AND LIBILITIES 5.300 Capital Stock Property, plant and equipment (Amor.Acda. I.M.) 500) Disbursing partners not required FII/P in equity instruments 700 Resevations Receivables/p, Group companies 100 Profit and loss Stocks 4.300 Provision for liabilities Customers 1.750 Bonds and debentures Treasury 1.270 Bonds and debentures c/p Interest on loans and receivables 30 Non-interest-bearing liabilities TOTAL ASSETS 12.950 TOTAL P.N AND LIABILITIES SUPPLEMENTARY INFORMATION: (a) The balance sheet is assumed to be functionally classified, except for the profit or loss item. b) The result presented by the company as of December 31, 20x1 will be allocated to the following items: - To legal reserves, 100 um. -The rest to dividends. c) The loan shown in the balance sheet was issued on January 1, 20X1. The number of debentures was 300, the face value is CU10. The debentures bear interest at an annual rate of 6% payable in arrears. The loan will be repaid in equal installments on December 31, 20X2 and December 31, 20X3. The formalization expenses of the loan have amounted to 300 um. IT IS REQUESTED: -Determine the cost of financing (weighted average cost) (Ki of the borrowing 13.9%), knowing that the tax rate is 30%, that the reserves are made up of profits from previous years, in order to avoid a capital increase and that the discount rate for provisions is 6%. - Analyze whether the company has adequately invested its resources, knowing that the financial expenses incurred come from interest-bearing borrowed funds appearing on the balance sheet. current 4.200 (200) 2.040 300 1.200 1.500 1.500 2.410 12.950 Question 1 As of December 31, 20x1, Company "X" presents the following balance sheet ACTIVE NET ASSETS AND LIBILITIES 5.300 Capital Stock Property, plant and equipment (Amor.Acda. I.M.) 500) Disbursing partners not required FII/P in equity instruments 700 Resevations Receivables/p, Group companies 100 Profit and loss Stocks 4.300 Provision for liabilities Customers 1.750 Bonds and debentures Treasury 1.270 Bonds and debentures c/p Interest on loans and receivables 30 Non-interest-bearing liabilities TOTAL ASSETS 12.950 TOTAL P.N AND LIABILITIES SUPPLEMENTARY INFORMATION: (a) The balance sheet is assumed to be functionally classified, except for the profit or loss item. b) The result presented by the company as of December 31, 20x1 will be allocated to the following items: - To legal reserves, 100 um. -The rest to dividends. c) The loan shown in the balance sheet was issued on January 1, 20X1. The number of debentures was 300, the face value is CU10. The debentures bear interest at an annual rate of 6% payable in arrears. The loan will be repaid in equal installments on December 31, 20X2 and December 31, 20X3. The formalization expenses of the loan have amounted to 300 um. IT IS REQUESTED: -Determine the cost of financing (weighted average cost) (Ki of the borrowing 13.9%), knowing that the tax rate is 30%, that the reserves are made up of profits from previous years, in order to avoid a capital increase and that the discount rate for provisions is 6%. - Analyze whether the company has adequately invested its resources, knowing that the financial expenses incurred come from interest-bearing borrowed funds appearing on the balance sheet. current 4.200 (200) 2.040 300 1.200 1.500 1.500 2.410 12.950
