• $2,667,904 • $5,233,442 • $1,745,600 • $3,594,524 25. Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40.
2. Pablo purchased a lathe on January 1, 2009, at a cost of $45,000. At the time of purchase, the lathe was expected to have a five-year economic life and a residual value of $3,000. Pablo uses straight-line depreciation. At the beginning of 2011, Pablo estimated the
ASX & Media Release Thursday 12 September 2013 Myer Full Year Results ending 27 July 2013 Full year total sales up 0.8 percent to $3,145 million Operating gross profit up 1.8 percent to $1,312 million Operating gross margin up 40 basis points to 41.7 percent Net profit after tax down 8.7 percent to $127 million Full year dividend of 18 cents, fully franked FY2013 Financial Highlights Sales Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store sales basis Myer Exclusive Brands sales up $40 million to 20.0% of sales, Concessions up $18 million to 15.4% of sales Operating gross profit Operating gross profit up 1.8% to $1,312 million Operating gross profit margin up 40 basis points (bps) to 41.7% Earnings Cost of doing
Prepare a partial income statement for Stacy beginning with income before income taxes. The corporation had 4,954,000 shares of common stock outstanding during 2014. Brief Exercise 4-7 Your answer is correct. Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2014, Vandross decides to increase its estimate to 2%.
The parent receives annual dividends from the subsidiary of $2,500,000. If the parent's marginal tax rate is 34% and if the exclusion on intercompany dividends is 70%, what is the effective tax rate on the intercompany dividends, and how much net dividends are received? Question 20 New York Waste (NYW) is considering refunding a $50,000,000, annual payment, 14% coupon, 30-year bond issue that was issued 5 years ago. It has been amortizing $3 million of flotation costs on these bonds over their 30-year life. The company could sell a new issue of 25-year bonds at an annual interest rate of 11.67% in today's market.
Decriminalization and Legalization of Marijuana By: Nicholas J. Howerton Possession of a small amount of marijuana should not only be decriminalized but legalized for a multitude of reasons. First the decriminalization of marijuana would reduce the overcrowding in our courts and give much needed relief to a strained police force. Plus the legalization of marijuana would open a whole new job market. The positive impact on the Canadian economy would increase the standard of living across the country. The decriminalization of marijuana would be a positive step for the Canadian government but the legalization of marijuana would do much more for this country and its people.
| 20 | 20 | 19 | 19 | 15 | 3 – Best 2 – Average 1 - Worst Case Background The case pertains to Target Corporation and $300 million in capital expenditures it is considering directed at Target’s future store growth and expansion. Five of the ten projects under consideration by Target’s Capital Expenditure Committee (CEC), representing approximately $200 million, will demand the majority of the CEC’s attention when it meets to decide which of the 5 projects are funded. Leading the CEC is Mr. Doug Scovanner, Target’s Chief Financial Officer (CFO), who has had a successful track record leading the CEC in its efforts to choose projects fueling Target’s rapid growth and financial success. CFO Scovanner’s Guidance Mr. Scovanner, in preparation for the CEC meeting, has asked me to prepare a recommendation ranking the 5 projects in order to assist him and the CEC in deciding which projects to accept or reject. Mr. Scovanner provided the following key guidance to assist in ranking the 5 projects for CEC’s meeting.
Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn $300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest rate of 6%? • BSOP 209 Week 6 Quiz 1. Question: (TCO 14) Briefly discuss the decision methods used when there is complete uncertainty as to which state in a decision environment may occur.
Economic and Ethical Issues of Pricing As a CPA you are in charge of a small tax advisory firm providing services to individual taxpayers, a substantial group of whom is high-wealth. Your firm is experiencing new pressures from the changing marketplace. New, non-CPA market competitors and competition from do-it-yourself tax-preparation software packages have had a negative effect on your bottom line. Because of these pressures, you are looking at ways to reduce costs. To expand your business and continue successfully you must consider employing non-CPAs.
His business has increased significantly this year, as has his personal wealth, and his three children (and eight grandchildren) all are asking him for money. Alex is looking for your guidance. In a 3-4 page (12-pt, double spaced) memo to Alex Lee, explain the following in terms that he will understand: Explain the elements of the estate tax formula. Describe the interplay between gift and estate taxes. Describe strategies to minimize estate taxes.