Homework 1 Fall 2011

Homework 1 Fall 2011 - ENGR 111, Fall 2011 ...

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Unformatted text preview: ENGR 111, Fall 2011 October 4, 2011 HOMEWORK 1 PLEASE SHOW ALL OF YOUR WORK 1. Prove that the Average Corporate Tax Rate is nondecreasing in corporate income. 2. Is the following statement True or False? Why? ``Average Tax Rate is flat for a corporation earning more than $50 million net income.” For Questions 3 to 10, use the following: 3. What is the change in the net working capital from 2007 to 2008? A. $1,235 B. $1,035 C. $1,335 D. $3,405 E. $4,740 4. What is the amount of the non ­cash expenses for 2008? A. $570 B. $630 C. $845 D. $1,370 E. $2,000 5. What is the amount of the net capital spending for 2008? A.  ­$290 B. $795 C. $1,080 D. $1,660 E. $2,165 6. What is the operating cash flow for 2008? A. $845 B. $1,930 C. $2,215 D. $2,845 E. $3,060 7. What is the cash flow of the firm for 2008? A. $430 B. $485 C. $1,340 D. $2,590 E. $3,100 8. What is the amount of net new borrowing for 2008? A.  ­$225 B.  ­$25 C. $0 D. $25 E. $225 9. What is the cash flow to creditors for 2008? A.  ­$405 B.  ­$225 C. $225 D. $405 E. $630 10. Write down the Financial Cash Flow of Nabors Inc. ...
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