1. The financial statements of Auto precision limited reflect cash of $10,600, accounts receivable of $15,000,...

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1. The financial statements of Auto precision limited reflect cash of $10,600, accounts receivable of $15,000, accounts payable of $22,900, inventory of $23,000, long-term debt of $45,000, and net fixed assets of $83,800. The firm estimates that if it wanted to cease operations today it could sell the inventory for $35,000, the fixed assets for $50,000 and cash at hand $ 20,000. The firm could also collect 100 percent of its recelvables. Calculate both the book value and market value of the firm's assets? 2. Old Town Coffee has sales of $581,000, costs of $350,700, depreciation expense of $35,000, and interest paid of $8,400, The tax rate is 15 percent. How much net income after interest and tax did the firm earn for the period? 3. Old Town Coffee has a marginal tax rate of 35 percent and an average tax rate of 20,7 percent, If the firm earns $158,500 in taxable income, how much will it owe in taxes? 4. Rashid owes $68,329 in tax on a taxable income of $750,600. The company has determined that it will owe $85,211 in tax if its taxable income rises to $975,000. What is the marginal tax rate at this level of income? 5. The Plaza Cafe has an operating cash flow of $78,460, depreciation expense of $8,960, and taxes paid of $21,590. A partial listing of its balance sheet accounts is as follows: Current assets Net fixed assets Current iobilities Long-term debt Beginning Balance Ending Balance $138.509 $703.411 $91.516 $248.000 $141.680 S687.810 $87.340 $267.000 What is the amount of the cash flow from assets? 6. Zubeir Engineering paid $2,000 in dividends and $9,500 in interest over the past year while net working capital increased from $53,506 to $68,219. The company purchased $92,000 in net new fixed assets and had depreciotion expenses of $20.800. Over the year, the firm's equity increases from $24,000 to S 25,000 and its net borrowing is $8,000. What is the amount of the cash flow from assets? 7. Jetti Factory has net sales of $821,300 and costs of $698,500. The depreciation expense is $28,400 and the interest paid is $8,400. What is the amount of the firm's operating cash flow if the tax rate is 34 percent? 1. The financial statements of Auto precision limited reflect cash of $10,600, accounts receivable of $15,000, accounts payable of $22,900, inventory of $23,000, long-term debt of $45,000, and net fixed assets of $83,800. The firm estimates that if it wanted to cease operations today it could sell the inventory for $35,000, the fixed assets for $50,000 and cash at hand $ 20,000. The firm could also collect 100 percent of its recelvables. Calculate both the book value and market value of the firm's assets? 2. Old Town Coffee has sales of $581,000, costs of $350,700, depreciation expense of $35,000, and interest paid of $8,400, The tax rate is 15 percent. How much net income after interest and tax did the firm earn for the period? 3. Old Town Coffee has a marginal tax rate of 35 percent and an average tax rate of 20,7 percent, If the firm earns $158,500 in taxable income, how much will it owe in taxes? 4. Rashid owes $68,329 in tax on a taxable income of $750,600. The company has determined that it will owe $85,211 in tax if its taxable income rises to $975,000. What is the marginal tax rate at this level of income? 5. The Plaza Cafe has an operating cash flow of $78,460, depreciation expense of $8,960, and taxes paid of $21,590. A partial listing of its balance sheet accounts is as follows: Current assets Net fixed assets Current iobilities Long-term debt Beginning Balance Ending Balance $138.509 $703.411 $91.516 $248.000 $141.680 S687.810 $87.340 $267.000 What is the amount of the cash flow from assets? 6. Zubeir Engineering paid $2,000 in dividends and $9,500 in interest over the past year while net working capital increased from $53,506 to $68,219. The company purchased $92,000 in net new fixed assets and had depreciotion expenses of $20.800. Over the year, the firm's equity increases from $24,000 to S 25,000 and its net borrowing is $8,000. What is the amount of the cash flow from assets? 7. Jetti Factory has net sales of $821,300 and costs of $698,500. The depreciation expense is $28,400 and the interest paid is $8,400. What is the amount of the firm's operating cash flow if the tax rate is 34 percent?

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Date Date Page No Page No 15850 1 Calculoction of Brok yalue A Marked ... View the full answer