Based on Mr. Martin’s prediction for 1996 sales of $28,206,000, and for 1997 sales of $33,847,000 and relying on the other assumptions provided in the Tire City case, prepare complete pro forma forecasts of TCI’s 1996 and 1997 income statements and year-end balance sheets. As a preliminary assumption, assume any new financing required will be in the form of bank debt. Assume all debt (i.e., existing debt and any new bank debt) bears interest at the same rate of 10%. 3. Using your set of pro forma forecasts, assess future financial health of Tire City as of the end of 1997.
(3 sentences. 1.0 points) • 24/7 access to Online, Mobile1, and Text Banking2 • Text and Email Alerts3, plus $0 Liability Guarantee4 on fraudulent activity • Electronic funds transfer, and Bill Pay d. Does this bank or credit union offer online banking? (0.5 points) • Yes e. Would you be likely to choose this as your bank or credit union? Why or why not? List at least two reasons for or against choosing this bank or credit union.
(15 marks). Concerns to consider of SportswearKits' income statement. The 'Net Profit' (Equity) is considerably lower than last year due to expenditures. Robert needs to raise his level of assets as this looks healthy but needs to consider reducing the businesses liabilities, in this case 'Expenditures', such as, wages and salaries which have risen £24,000. The existing bank interest of £5,200 will rise.
First, if you choose to invest in a prepaid tuition savings plan, you the investor/donor “may purchase tuition credits or certificates on behalf of a designated beneficiary,” at today’s rates to be used in the future. Pre-paid tuition plans are sponsored by eligible educational institutions. The beneficiary is entitled to use the prepaid tuition credits for qualified higher education expenses. Second, you also have the option of investing your money in a state sponsored college savings plan. State sponsored college savings plans allow you to, “make contributions to an account which is established for the purpose of meeting the qualified higher education expenses of the designated beneficiary of the account.” College savings plans differ from pre-paid tuition plans in that the growth of the contributions is based on market performance of the primary investments, which
Name at least one of the steps in establishing credit. (0.5 points) Open a Bank account 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Getting a department store or gas cards 3. What is debt services default?
Decide how there can be improvements made toward your future planning and begin keeping track where your money is being spent and address small problems as they occur before they get out of hand. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? c. Late 20s through your 40s During these years many things occur that will effect your financial situation. This is one major reason for keeping track of where you spend money and preparing for any