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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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