INCOME AND EXPENSE STATEMENT
Bill and Nancy Ballinger
Year
Ended
Name(s)
For the
Income
Wages and salaries
Self-employment income
Bonuses and commissions
Investment income
Pensions and annuities
Other income
Name:
Name:
Name:
Nancy's salary
$
Interest rec
BelowisselecteddataforSwedishVallhundAB.Calculatediscretionary
accrualsforSwedishVallhundusingthisdata.
Net Income
(NI)
3000
Cash from Operations
(CFO)
2000
Prior TA
10000
(a)1000.160
(b)0.100
(c)0.460
(d)0.060
(e)0.260
Discretionary accruals = Net Income
Becausenotforprofithospitalsdonotneedtogenerateareturnfor
stockholders,theydonotneedtobeconcernedwithmaintaininga
particularlevelofequitycapital(capitalstructureingeneral).
a.True
b.False
True
Not-for-profit organizations do not have any stockholders and
Income tax for 2015 = $22,500 + [($315,000 - $100,001) x 39%]
=> $22,500 + $83,849.61 = $106,349.61
Tax on base income of bracket = $22,500
Tax on income with final bracket = $83,849.61
Average-tax rate = $106,349.61 / $315,000 = 0.3376 or 33.76%
Marginal
Account Receivable turnover ratio = Net Credit Sales / Account receivables
Net Credit Sales = Account Receivable turnover ratio * Average account receivables
=> 10 x $600,000 = $6,000,000
So, Option 2 is correct.
BUDGETING PLANNING & CONTROL BABYCAKES SPECIALTY BAKERY
Budget Planning and Control
Darryl C. Thompson
Dr. Randolph Stanley
ACC 556 Financial Accounting for Managers
Strayer University, Virginia Beach Campus
March 11, 2017
1
BUDGETING PLANNING & CONTROL B
As stated in the question, we first need to adjust the average MVIC-EBITDA multiple 20% downwards
to reflect the relative risk and growth characteristic of Star Enterprise.
Adjusted MVIC-EBITDA multiple = 6.5 x (1-20%) = 5.2
Now, the above calculated mult
Average tax rate = Tax liability / Taxable income
Marginal tax rate = The rate, which will be levied on next dollar earned by the person being taxed.
a) A married couple filing jointly with taxable income of $47,302:
Tax liability = $1,855 + [($47,302 - $
Tony(single)giveshismarrieddaughterDiane$50,000asagift.Whichof
thefollowingistrue?
Diane must pay tax on the gift, less the $14,000 exemption.
Tony can deem the gift as $25,000 to Diane and $25,000 to
her husband, and then reduce each gift by $14,000 so o
Analyze and discuss which is the best tool for capital budgeting:
NPV, IRR, or MIRR? Give specific examples where one is preferable
to the other.
In my opinion, among above three, the best method is Net Present Value technique. In this method,
a project i
Acouplewantstoaccumulate$10,000bymakingpaymentsof$800atthe
endofeachhalfyearintoasavingsaccountthatearnsinterestof10%per
annum.Findthenumberoffullpaymentsrequiredandthesizeofthe
concludingpayment
a) Here, we need to calculate the number of total payments
1) Amount owed at time 2 = ($1,000 x 1.10 2) + ($1,000 x 1.10) = $2,310
Now, we need to calculate the monthly payments required for mortgage repayment. The formula to
calculate monthly payment is:
Formula to calculate monthly payments: : Pmt = Lr / (1-(1+
Cash
a.
21000
b.
1550
g.
13700
c.
5500
e.
1200
f.
3200
h
2200
i
4600
j
600
m
3500
n
1700
c.
19900
Bal.
19300
Bal.
10650
Accounts Receivable
l
21200
Supplies
e.
1200
Prepaid Insurance
f.
3200
Automobiles
c.
25400
Equipment
d.
4900
Notes Payable
j
Accounts
Question 1
Rand Water is evaluating five possible projects to enhance the efficiency of its water treatment plant.
It is permitted to spend R5 million on investment projects at Time 0. The cash flows for five proposed
projects are:
Year
Project (R
Million
A firm can convert from a paper-based system to an ACH system
for a cost of $20,000. There would, however, be a savings of
$0.95 on each check and the company expects 2,500
disbursements for the year. The firm's opportunity cost is 8%.
Assuming the compan
1)AnalyzetheAcetateDepartmentstechnologybeforeandafterthe
change,byidentifyingitstaskvarietyandanalyzability
2)DiscusswhatimprovementyouwouldsuggesttotheDepartment,
realizingthattheirfinancialinvestmentinnewtechnologycannotbeturned
back.
a) Prior to the t
Company name: Boeing
Please do perfect job.thank you
6.4 - M6-Discussion
Researchthebetaforthestockofthecompanyyouhavebeenanalyzing
throughoutthecourse.Resourcestouseinresearchingbeta
includeYahooFinance(Linkstoanexternalsite.)Linkstoanexternal
site.andMo
The tax refund as per 2016 tax rates will be $1,606.60. Please see the calculations below.
Description
Gross income:
Salary
Self-employment revenues
Dividends
State income tax refund
(1) Gross income
For AGI deductions:
Self-employment expenses other than
a) Net Profit Margin = Net Income / Sales
2011 => 171,115/1,002,100 = 0.1708 or 17.08%
2010 => 163,497/980,500 = 0.1668 or 16.68%
2009 => 143,990/900,000 = 0.15998 or 16%
Return on Asset = Net Income/Average Total Assets
2011 => 171,115/839,000 = 0.2040 o
A payment stream, where payment occurs at a fixed interval, is known as an annuity. An annuity,
which has cash-flow occurring at the beginning of each period, is known as annuity due. Since, you
are going to withdraw the money at the start of each period,
Williamson,Inc.,hasadebtequityratioof2.43.Thecompany'sweighted
averagecostofcapitalis11percent,anditspretaxcostofdebtis5
percent.Thecorporatetaxrateis30percent.
a.Whatisthecompany'scostofequitycapital?(Do not round
intermediate calculations. Enter your an