. . . . . Use the following information when doing the Treasurers Rule Gross...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
. ● . . . . Use the following information when doing the Treasurers Rule Gross Sales are $20,000.000 year 0, g-1% and n=3 years % of Gross Sales: CGS-15% ; R&A=2% and Adm & Selling -8% t=25%; DPS-$1.25/share; C/S share no## = 210.000 Interest Income earns 5% and the loan rate is 7% Interest Expense time 0 is 600 PPE = 1524.55 year 0 and increase at the same rate as Gross Sales, 5-year Straight-line Depreciation % of Gross Sales: Account Receivable = 3%; Inventories = 5%; other current assets=1% % of Gross Sales: Accounts Payables 2%; other payables=1.5% No Common Stock is repurchased or issued (0) N 1 2 3 2 3 1 Worksheet 1: Depreciation Year PPE change PPE N CFO O 1 2 Worksheet 2 Net Working Capital Year % CA %CL Worksheet 3: CFO calculation (R-E) (1-1) + t(D)-change NWC CFO Worksheet 4: Treasurers Rule Depreciation Expense Cum Depreciation 1 CFI FCF Interest Income or Interest Expense Cash Dividend Common Stock Sold Common Stock Repurchase Purchase (Sell) Bonds NWC change NWC . ● . . . . Use the following information when doing the Treasurers Rule Gross Sales are $20,000.000 year 0, g-1% and n=3 years % of Gross Sales: CGS-15% ; R&A=2% and Adm & Selling -8% t=25%; DPS-$1.25/share; C/S share no## = 210.000 Interest Income earns 5% and the loan rate is 7% Interest Expense time 0 is 600 PPE = 1524.55 year 0 and increase at the same rate as Gross Sales, 5-year Straight-line Depreciation % of Gross Sales: Account Receivable = 3%; Inventories = 5%; other current assets=1% % of Gross Sales: Accounts Payables 2%; other payables=1.5% No Common Stock is repurchased or issued (0) N 1 2 3 2 3 1 Worksheet 1: Depreciation Year PPE change PPE N CFO O 1 2 Worksheet 2 Net Working Capital Year % CA %CL Worksheet 3: CFO calculation (R-E) (1-1) + t(D)-change NWC CFO Worksheet 4: Treasurers Rule Depreciation Expense Cum Depreciation 1 CFI FCF Interest Income or Interest Expense Cash Dividend Common Stock Sold Common Stock Repurchase Purchase (Sell) Bonds NWC change NWC
Expert Answer:
Answer rating: 100% (QA)
Worksheet 1 Depreciation Year 1 PPE change 152455 given Depreciation Expense 152455 5 30491 Cumulati... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
According to the New Mexico Children, Youth, and Families Department (CYFD), New Mexico laws define children physical abuse as any incident where a child demonstrates proof of skin bruising,...
-
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Write a program Tree that takes a command-line argument n and produces the following recursive patterns for n equal to 1, 2, 3, 4, and 8. So b b b h l 4 3 2 1
-
The following numbers are extracted from the financial statements for a firm for 2011 and 2012. Amounts are in millions of dollars. At the end of 2011, the firm's 80 million shares traded at $25...
-
Help & Save is a private not-for-profit entity that operates in Kansas. Swim For Safety is a private not-for-profit entity that operates in Missouri. The leaders of these two organizations have...
-
Identify the main users of financial information and discuss their needs.
-
1. Do you agree with Cairnss assertion that classifications of accounting are simplistic and of little relevance in todays world? Are attempts to classify accounting futile and outmoded? Why or why...
-
For each brand in the following table, calculate the manufacturer s selling price ( MSP ) , the per unit margin, and the gross margin as a percentage of MSP . MSRP Volume Discount Promotion...
-
1. If topaz is harder than quartz, then it will scratch quartz and also feldspar. Topaz is harder than quartz and it is also harder than calcite. Therefore, either topaz will scratch quartz or it...
-
At the beginning of the current season on April 1, the ledger of Carla Vista Pro Shop showed Cash $3,360; Inventory $3,500; and Common Stock $6,860. The following transactions were completed during...
-
Which statement about the following application is correct? A. The code does not compile because of line w1. B. The code does not compile because of line w2. C. The code does not compile because of...
-
What is the output of the following application? A. Hello B. The code does not compile because of the ReadSign class. C. The code does not compile because of the MakeSign class. D. The code does not...
-
Which statement about the following program is correct? A. One exception is thrown to the caller at runtime. B. Two exceptions are thrown to the caller at runtime. C. More than two exceptions are...
-
If a try statement has catch blocks for both ClassCastException and RuntimeException, then which of the following statements is correct? A. The catch blocks for these two exception types can be...
-
What constructors are capable of being called on a custom exception class that directly extends the Exception class? A. One that takes a single Exception B. One that takes a single String C. Both of...
-
LivingWell manufactures bicycles it plans to sell for $800 each. The bicycles require 10 lbs of aluminum each (which is the only direct material ), and LivingWell budgets to purchase each pound of...
-
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $4,000. Total real estate taxes for the home are $950, and...
-
Marty is a sales consultant. Marty incurs the following expenses related to entertainment of his clients in 2012: Dues to a country club......................................................$4,500...
-
The comparative balance sheet of Northern Movie Theatre Company at March 31, 2020 , reported the following: {Requirements} 1. Prepare Northern Movie Theatre Company's statement of cash flows for the...
-
Primrose Software Inc. has assembled the following data for the year ended December 31, 2020. {Requirement} Prepare Primrose Software Inc.'s statement of cash flows using the indirect method to...
-
The 2020 comparative balance sheet and income statement of 4 Seasons Supply Corp. follow. 4 Seasons had no non-cash investing and financing transactions during 2020. During the year, there were no...
Study smarter with the SolutionInn App