Generate an overall report of your business transactions. 1. Journal Entries 2. T- accounts to 10 3. Trial Balance 4. Income Statement 5. Balance Sheet
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- Is the organization in a good position to take on additional debt? Use the Hillside, Inc. Balance Sheet information in cells A2 through D18 and cells A21 through B38 to complete the Financial Performance Calculations in cells A40 through C60. Table 1: Hillside, Inc. Balance Sheet ($ in Millions) ASSETS LIABILITIES Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Accounts Receivable 954.80 Salaries Payable 225.20 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Total Current Assets 5,165.27 Other Liabilities 693.40 Machinery & Equipment 1,688.90 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Depreciation (575.60)…Rollo Megabux has $1 million to invest in stocks orbonds. The percentage yield on each investment during thecoming year depends on whether the economy has a goodor a bad year (see Table 17). It is equally likely that theeconomy will have a good or a bad year.a If Rollo is risk-neutral, how should he invest hismoney?b For $10,000, Rollo can hire a consulting firm toforecast the state of the economy. The consulting firm’sforecasts have the following properties:P(good forecast|economy good) .80P(good forecast|economy bad) .20Should Rollo hire the consulting firm? What are EVSIand EVPI? Economy EconomyHas Good Has BadYear YearYield on stocks 22% 10%Yield on bonds 16% 14%Capital Budgeting with Taxes (Non-MACRS Depreciation); Sensitivity Analysis GravinaCompany is planning to spend $6,000 for a machine that it will depreciate on a straight-line basisover 10 years with no salvage value. The machine will generate additional cash revenues of $1,200 ayear. Gravina will incur no additional costs except for depreciation. Its income tax rate is 35%. Thepresent value annuity factor for 15%, 10 years (from Appendix C, Table 2) is 5.019.Required1. What is the payback period of the proposed investment (in years, and rounded to 1 decimal place) underthe assumption that the cash inflows occur evenly throughout the year?2. What is the accounting (book) rate of return (ARR) based on the initial investment outlay? Round youranswer to 1 decimal place (e.g., 13.571% = 13.6%).
- The purpose of liquidity analysis is to estimate if: A. the supply of labor will be sufficient to carry out the plan B. the supply of irrigation water will be sufficient C. cash inflows will be sufficient to meet expected cash outflows D. net farm income will be positive or negativeWhat-If Analysis As the management accountant for the Tyson Company you have been askedto construct a financial planning model for collection of accounts receivable and then to performa what-if analysis in terms of the assumption regarding estimated uncollectible accounts. You areprovided with the following information:Collection Pattern for Credit Sales: 65% of the company’s credit sales are collected in the monthof sale, 30% in the month following the month of sale, and 5% are uncollectible.Credit Sales: January 2019, $100,000; February 2019, $120,000; March 2019, $110,000.Required1. Generate a spreadsheet model regarding estimated bad debts expense under the following assumptionsregarding the rate of uncollectible accounts: 1%, 3%, 5% (base case), and 8%. Prepare an estimate of baddebts expense for each of three months, January through March, and for the quarter as a whole.2. What is the value to Tyson Company of creating a model and then performing the what-if analysis?Based on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance $ 935 Savings account balance $ 3,425 Retirement account balance 58,500 Current student loan payment due 370 Credit card balance 192 Investment account balance 9,500 Rare jewelry 600 Mortgage 185,500
- You are saving for the college education of your two children. They aretwo years apart in age; one will begin college 15 years from today and the otherwill begin 17 years from today. You estimate your children’s college expenses to be$45,000 per year per child, payable at the beginning of each school year. The annualinterest rate is 7.5 percent. How much money must you deposit in an account eachyear to fund your children’s education? Your deposits begin one year from today.You will make your last deposit when your oldest child enters college. Assume fouryears of college.A. Write a document with the following information: 1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What benefits would you like to have even though they are not musts? 4. Include the graph you generate in step B below. B. Create a spreadsheet and a graph of life vs funds For each year of your remaining life specify the amount you plan to save/invest/withdraw that year and how much you expect that amount to increase during the year (base on actual data – typical savings interest rate, typical stock market interest rate, typical CDs, typical…). Calculate how much your funds will increase/decrease over your life and create a life (x-axis) vs funds (y-axis) plot.Your Finance Department makes sure your company has the financial resources it needs to run through the year. The department can raise money via one-year bank notes, 10-year bonds or stock issues.O TrueO False
- Michelle, age 45, currently makes $95,000. Her wage replacement ratio is determined to be 75 percent. She expects that inflation will average 3 percent for her entire life expectancy. She expects to earn 8 percent on her investments and retire at age 65, possibly living to age 95. She has sent for and received her Social Security benefit statement, which indicated that her Social Security retirement benefit in today’s dollars adjusted for early retirement is $20,000 per year. How much capital does Jordan need to retire at age 65?.Your job pays you only once a year for all the work you didover the previous 12 months. Today, December 31, you just received your salaryof $65,000, and you plan to spend all of it. However, you want to start saving forretirement beginning next year. You have decided that one year from today youwill begin depositing 5 percent of your annual salary in an account that will earn10 percent per year. Your salary will increase at 4 percent per year throughout yourcareer. How much money will you have on the date of your retirement 40 years fromtoday?FAST PLZ 16-The financial statement that displays the revenues and expenses of a company for a particular period of time is: Balance Sheet Income statement Cash Flow Statement Fund Flow Statement