.00 million in 2020. Its assets totaled $5 million at the end of 2019. pussard is already at full capacity, so its assets must grow at the same rate as proje es. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 d counts payable, $500000 of notes payable, and $450000 of accruals. The after-tax argin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN e forecast Broussard's additional funds needed for the coming year. ter your answer in dollars. For example, an answer of $1.2 million should be entered 200,000. Do not round intermediate calculations. Round your answer to the neares

.00 million in 2020. Its assets totaled $5 million at the end of 2019. pussard is already at full capacity, so its assets must grow at the same rate as proje es. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 d counts payable, $500000 of notes payable, and $450000 of accruals. The after-tax argin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN e forecast Broussard's additional funds needed for the coming year. ter your answer in dollars. For example, an answer of $1.2 million should be entered 200,000. Do not round intermediate calculations. Round your answer to the neares

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually? A P15,257.90 B P33,500.39 OP 28, 600.21 D P36,548,19
On July 1, 2021, ABC Co. issued a 9% interest bearing note with a face amount of P 10,000,000 for the purchase of an equipment. The note is payable in five equal annual installments along with the interests starting on June 30,2022. Interest is payable annually base on the remaining balance. There is no established cash price for the equipment. The prevailing market rate of interest for a note of this type is 9%.How much is the carrying value of the notes, including any accrued interest as of December 31,2022?
During 2021, Thurs Company offered a P30 cash rebate coupon to customers who purchased one of its new line ofproducts. The company sold 20,000 of these products during 2021. By the end of 2021, 15,200 of the rebates had beenclaimed and 14,200 had been paid. The historical experience with such rebates indicated that 85% of customers claim therebates. What amount should be reported as rebate expense for 2021?a. 600,000 c. 456,000b. 510,000 d. 426,000
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A company expects to retire an existing machine at the end of 2024 and will replace it with a new machine for the same task at an estimated cost of P60,035. The old machine is expected to be sold for P5,000 when it is replaced. To provide for the replacement, the company intends to deposit the following amounts in an account earning interest at 8% compounded quarterly: P20,000 at the end of 2021 P15,000 at the end of 2022 P10,000 at the end of 2023 What additional amount is needed at the end of 2024 to purchase the new machine? Draw the CFD.
38 . China Banking Corporation granted a loan to a borrower on January 1, 2020. The interest rate on the loan is 10% payable annually starting December 31, 2020. The loan matures in five years on December 31, 2025. The data related to the loan are: Principal amount 6,000,000 Direct origination cost 92,250 Origination fee received from borrower 525,000 Indirect origination cost 100,000 The effective rate on the loan after considering the direct origination cost and origination fee received is 12%. What is the carrying amount of loans receivable on December 31, 2021?
Long-Term Financing Needed At year-end 2021, Wallace Landscaping's total assets, all of which are used in operations, were $1.97 million, and its accounts payable were $435,000. Sales, which in 2021 were $3.4 million, are expected to increase by 30% in 2022. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $465,000 in 2021, and retained earnings were $270,000. Wallace has arranged to sell $190,000 of new common stock in 2022 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2022. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 3%, and 45% of earnings will be paid out as dividends. a. What was Wallace's total long-term debt in 2021? Do not round…
A 13.2% P600,000 note payable was issued by Robin Company on March 1, 2020. The principal and interest, compounded annually, are due in three years. How much should be reported as noncurrent liabilities on December 31, 2021?
Honesty Company is investing in 182-day treasury bills with a total fair market value of P2,500,000 for a purchase price of P2,475,000.What is the annualized investment rate (round off your answer to two decimal places)
M&M Bank granted a loan to a borrower on April 1, 2020. The interest on the loan is 10% payable annually starting March 31 2021. The loan matures in three years on March 31, 2023. Data related to the loan are:Principal amount - ₱ 4,000,000; Origination fees charged against the borrower - ₱ 342,100; Direct origination cost incurred - ₱ 150,000. After considering the origination fees charged against the borrower and the direct origination cost incurred, the effective rate on the loan is 12%. What is the Carrying value of the loan as of April 1, 2020?
On January 1, 2020, Oceanic Bank made a P1,000,000 8% loan. The P80,000 interest is receivable at the end of each year, with the principal amount to be received at the end of five years. At the end of 2020, the first year's interest of P80,000 has not ye been received because the borrower is experiencing financial difficulties. The borrower negotiate a restructuring of the loan. The payment of all the interest for 5 years will be delayed until the end of the 5-year loan term. In addition, the amount of principal repayment will be dropped from P1,000,000 to P500,000. The PV of 1 at 8% for 4 periods is .735. No interest revenue has been recognized in 2020 in connection with the loan. What amount should be reported as interest income for 2021? * a.80,000 b.52,920 c.48,960 d.0
Clementi Corporation provided the following information for the current year 2022: Accounting income (pre-tax) in 2022 is $400 million. Installment Receivable at the end of 2022 equaled $20 million. and is expected to be collected equally in 2023 and 2024. Warranty Liability balance at the end of 2022 equaled $16 million and is expected to be paid equally in 2023 and 2024. The income tax rate is 20%. Clementi Corporation records income tax payable equal to: O $79.2 million O $72.8 million O $87.2 million O $80.8 million.

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