of the Problem Case 3-1 Maynard Company (B) Diane Maynard was grateful for the balance sheets that her friend prepared. In going over the numbers‚ she remarked‚ “It’s sort of surprising that cash increased by $31‚667‚ but net income was only $19‚635. Why was that?” Her friend replied‚ “A partial answer to that questionis to look at an income statement for June. I think I can find the data I need to prepare on for you.” In addition to the data given in the (A) case‚ her friend
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Ke=rF+B(MRP) Market Value Of Equity=#of shares outstanding (market share price) MV of Equity rF MRP 4.60% 6% $ 12‚000 B # of shares MP of shares Total Debt 1.1 500 $24 3000 Tax 40% Kd= WACC=KdWd(1-T)+KeWe WACC 9.6656% Year 4 2011 Year 5 2012 Year 6 2013 1‚000‚000 1‚000‚000 1‚000‚000 1080000 1000000 10‚000‚000 7‚500‚000 500‚000 3‚500‚000 3‚000‚000 2‚500‚000 10‚000‚000 7‚500‚000 500‚000 3‚500‚000 3‚000‚000 2‚500‚000 10‚000‚000 7‚500‚000 500‚000 3‚500
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A-3 (Coverage ratio) The firm in the two preceding problems also had $6 million of principal repayments during the latest 12 months. Its marginal tax rate is 40%. Calculate the debt service coverage ratio. Debt-Service Coverage Ratio = (EBIT + 1/3 Rentals) / (Interest Expense + 1/3 Rentals + Principal Repayments / (1 - T)) = ($30 + $15 / 3) / ($10 + $15 / 3 + $6 / (1 - 0.40)) = 1.40 A-4 (WACC with rebalancing) Nathan’s Catering is a gourmet catering service located in Southampton‚ New York
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Assignment 2 Exercise Robert’s Hardware Franchise Philippe Levy Financial Accounting MBA © Philippe Levy 1994-2014 1 CASE EXERCISE Home Repair Inc. offers the latest styles in residential hardware at competitive prices. In business since 1986‚ Home Repair operates under a franchise concept with 80 locations across Canada. Robert owns and operates a franchise. He has asked you for some advice regarding a document he has received. The franchisor has just advised him of
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Study Material INTEGRATED PROFESSIONAL COMPETENCE COURSE Cost Accounting and Financial Management Part 1 : Cost Accounting Vol. I The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi PAPER 3 COST ACCOUNTING AND FINANCIAL MANAGEMENT Part – 1 : Cost Accounting VOLUME – I BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA This study material has been prepared by the faculty of the Board of Studies. The objective of the
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Community and Family Studies- Assessment Case study- A career change 1. List Anthony’s primary and secondary needs: Primary: food‚ shelter‚ clothing‚ water‚ money. Secondary: support‚ safety‚ respect‚ happiness‚ security. 2. Describe how work‚ for Anthony‚ meets the needs outlined in Maslow’s hierarchy of needs: a) Physiological needs: Work provides money for physiological needs such as food‚ shelter‚ water‚ and clothing. b) Safety and security: Anthony’s wok provides a safe and secure
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its own court system. Americans have developed to enforce the rules of the society and if someone does not follow these rules they will be punished. Today these functions are carried out by the police‚ the courts‚ and corrections. During a trial a case continues with the court system which will weigh the evidence to determine if the defendant is guilty. If the person is guilty the corrections system will
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Anthony Weiner’s Case [Research Paper] The Anthony Weiner case is about this Congressman Anthony Weiner‚ exposing his genitals on Twitter to women. Anthony Weiner has been sending inappropriate images of himself on the Internet‚ and was not caught until today when a college student brought it to the authorities. He broke the trust of maintaining a healthy married life with his wife‚ representing decorum for public image‚ and protocol of virtual on-line communication (Siegel). It was disgusting
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In the family scenario of three generations‚ all the chronosystem will be supplied through examples for the individual preschool child I created‚ Mark Anthony. Because this family is a family with extensions it is clear to see how everyone is influenced through and by all systems. The child went through developmental changes‚ layer by layer‚ seeing how everyone‚ including outside his immediate environment reacted. He had his family of parents‚ siblings and grandparents by his side. But his church
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The Casey Anthony case was held in Florida which still implemented the Frye Standards/Hearings regarding admissible evidence. Anthony was charged with the murder of her daughter‚ Caylee. As public rage reaches critical majority over Casey Anthony’s release from jail‚ trial observers who agreed with the jury’s verdict say holes in the state’s legal case help explain why she was acquitted in daughter Caylee’s death. It is the first time the smell of a human body had been presented as evidence in court
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