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3
![You receive the following income statement
for the first 3 months of the year. Explain in
marketing terms any positives or negatives
that you garner from this income statement.
Wendy's Wholesale Income Statement
January 1- March 31
Revenue (Sales)
Stock at March 31
Purchases
55,000
34,000
12,000
46,000
(20,000)
SUB TOTAL
Less Stock at January 1
Costs to deduct from Revenue
(26,000)
29,000
GROSS PROFIT
Less Overheads:
8,000
1,500
Wages
Rent
Electricity
Insurance
700
500
Distribution
Other Expenses
Reserve for Bad Debts
800
1,800
2,750
200
Depreciation
Less Total Overheads
(16,250)
NET PROFIT Before Tax
12,750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a0f3b26-45a1-4828-8cf1-995f12978f81%2F5186d47e-4aa2-4d42-b95b-6262c97a7cf0%2Fo25xbin_processed.jpeg&w=3840&q=75)
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- When a stock Insurance company issues both participating and nonperlepaling polices, the txitiplay & dding Idnes Cha(n); ΟΛ mixed plan alternative plan purchase plan exception plan -B. O C OD.The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,826,200 Liabilities: Current liabilities $160,000 Note payable, 6%, due in 15 years 794,000 Total liabilities $954,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $715,500 Common stock, $10 par (no change during year) 715,500 Retained earnings: Balance, beginning of year $764,000 Net income 359,000 $1,123,000 Preferred dividends $14,310 Common dividends 154,690 169,000 Balance, end of year 954,000 Total stockholders' equity $2,385,000 Sales $16,603,050 Interest expense $47,640 Assuming that total assets were $3,172,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity % f.…One of your customers is delinquent on hisaccounts payable balance. You’ve mutually agreed to a repayment schedule of $700per month. You will charge 1.3 percent per month interest on the overdue balance. Ifthe current balance is $21,500, how long will it take for the account to be paid off ?
- To find the net present values of future cash flows for six different discounted rate of interest, use: a. Data Table b. Goal Seek c. None of these d. Scenario manager4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculationYou have performed preliminary analytical procedureson one of your audit engagements and observed the following independent situations:1. The allowance for obsolete inventory increased from the prior year, but the allowance as a percentage of inventory decreased from the prior year.2. Long-term debt increased from the prior year, but total interest expense decreasedas a percentage of long-term debt.3. The dollar amount of operating income is consistent with the prior year althoughthe entity was more profitable on a net income basis.4. The quick ratio decreased from the prior year, although the amount of cash and netaccounts receivable is almost the same as the prior year.Below are possible explanations for each of the observed changes in the financial statementamounts and ratios. For each observed change, select the most likely explanation(s)from the list below. Note: There may be more than one explanation for a given observedchange, and an explanation can be used more than once.a.…
- Suppose the business receives the revenue at the end of the month, what is the CLV value computed from the initial assumption? (Keep 2 decimal places, no $ sign). A 1 Chum Rate 2 Retention Rate 3 Interest Rate 4 Profit Growth Rate month 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 M 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Skip question 0.25 CLV per customer (Net Present Value $ 0.75 Converting to beginning of period 0.15 $ 0 MeanProfit (if still here) Number of Customers in Cohort (100.00) 30.00 30.00 30.00 30.00 30.00 30.00 1 $ 2 $ 3 $ 4 $ 5 $ 6 $ 7 $ 8 $ 9 $ 10 $ 11 $ 12 $ 13 $ 14 $ 15 $ 16 $ 17 $ 18 $ 19 $ 20 $ 21 $ 22 $ 23 $ 24 $ 25 $ 26 $ 27 $ 28 $ 29 $ 30 $ Start Solving 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 Exit Profit 1000 $ (100,000.00) 979 $ 29,375.00 28,763.02 28,163.79 27,577.05 27,002.52 26,439.97 25,889.14 25,349.78 24,821.66 24,304.54 23,798.20 23,302.40 22,816.94…Blue Sky Corporation is planning to issue $1,000 par value bonds. The bonds will have a coupon rate of 14 percent and will be sold at a market price of $1050. Flotation costs will amount to 6 percent of market value. The bonds will mature in 15 years and interest payments will be made semi-annually. The company's marginal tax rate is 21%. What is the firm's after-tax cost of debt financing? 9.38% 11.06% 11.23% 14.00% 14.21%Describe 3 criteria of the 13 minimum standards on which plan status is determined to qualify retirement plans for preferential tax treatment
- Why is it important to project the first-year financial performance on a monthly basis and the subsequent yearly budgets, on a quarterly basis? Explain.Plan for potential investors for 39 Storage https://www.39storage.com/ (This Company) Cover these points below Identify the problem to be solved. Introduce your solution to the problem. Discuss your beginning traction for getting sales. Identify the target market. Explain the costs of acquiring customers in your target market. Communicate the value proposition relative to competitors. Describe the basics of the revenue model. Provide financial projections, along with the assumptions. Sell the team. Identify your funding needs, and explain the use of the funds (the investment price must be stated) Describe possible exit strategies—how the investors may be able to cash out. End on a high note—remind investors why your product/service/team is so great.5. Determine the Degree of Operating Leverage (DOL) of the company ?
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