Assistance Program‚ is a government assistance program to help low-income households pay for food. SNAP used to be called the Food Stamp program. The federal government changed the name of the program on October 1‚ 2008. SNAP is a modern program that uses EBT cards instead of old style paper food stamp coupons. The amount of SNAP food stamps a household gets depends on the household’s size‚ income‚ and expenses. The first food stamp program was established by virtue of board authority contained in section
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$240 = = 16%. E $1‚500 $300 $1‚500 = 0.20 = 20%. ∆ROE = 20% - 16% = 4%. 1 b. This question requires working backwards through the income statement from net income to sales. The income statement will look like this: Sales CGS (60%) EBIT Interest EBT Tax (40%) NI c. d. $1‚250‚000 $ 500‚000 100‚000 $ 400‚000 $500‚000/(1 - 0.6) $100‚000 + $400‚000 (Given) $240‚000/(1 - 0.4) $ 240‚000 Liquid assets are those that can be sold quickly with little or no loss in value. A firm that has sufficient liquidity
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RELIANCE INDUSTRIES Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai‚ Maharashtra‚ India. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies‚ Reliance pursued a strategy of backward vertical integration - in polyester‚ fibre intermediates‚ plastics‚ petrochemicals‚ petroleum refining and oil and gas exploration and production - to be fully integrated along
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| | | | | | | | | | | | | | | | 1. Annual accounting income | | | | | | | | | Annual cash inflows | $28‚500 | | | | | | | | Depreciation expense | 12‚000 | | | | | | | | | | | | | | | | | EBT | 16‚500 | | | | | | | | Income tax | 5‚775 | | | | | | | | | | | | | | | | | Accounting Income | $10‚725 | | | | | | | | | | | | | | | | | | | | | | | | | 2. Annual after tax cash inflows
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FIN 534- Homework Set #1 1. $502‚640 + 120‚000-169‚056=$453‚584- 17050= $436‚534 2. If Congress change the tax laws Berndt’s‚ the reported profit would decrease and the net cash flow would most likely remain the same. 3. Current Ratios (Current Assets / Current Liabilities): $2‚680‚112 / $1‚039‚800 = $2.577 /Ratio= 2:6:1 Quick Ratios (Cash + Marketable Securities +Accounts Receivable)/ Current Liabilities: $14‚000 + $71‚632 + $878‚000/$1‚039‚800= $0.926/ Ratio= 0:9:1 The company’s liquidity
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Prejudice is something that no one thinks they are fond of. I have never found myself to be in a situation where I thought that I was being bias or making an unreasonable assumption in the moment. However‚ after pondering over certain situations‚ I realized that I have found myself to make assumptions in a few circumstances. I met one of my best friends last year during field hockey season. As a junior‚ I was very excited to start the season and see what the freshmen had to offer. During the
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CHAPTER 14 OPTIONS AND CORPORATE FINANCE Answers to Concepts Review and Critical Thinking Questions 1. A call option confers the right‚ without the obligation‚ to buy an asset at a given price on or before a given date. A put option confers the right‚ without the obligation‚ to sell an asset at a given price on or before a given date. You would buy a call option if you expect the price of the asset to increase. You would buy a put option if you expect the price of the asset to decrease. A
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Assumptions * Assume fiscal year begins July 1 * Personal savings account of $15‚000 and added family money gives him an investment fund of $35‚000. The $15‚000 personal savings is included in the total investment fund. * Acceptable to base pro forma estimates off of 1956 data. * The property‚ including the two plants‚ can be assumed as Plant & Equipment‚ and given the appraised value of $200‚000. * Assume that this P&E will not need major repair in the near future
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Drug Test All Welfare Recipients A Woman working at a convenience store in the US had a man walk in with an EBT card (Food Stamp Credit Card or something similar) and he wanted to buy cigarettes. The woman refused and the man left. The next day the man came in again with a member of his family and raised a commotion about it. The owner came in‚ sold the man cigarettes and fired the woman. Some people might say that it is unconstitutional to demand a mandatory drug test in order to receive welfare
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Chapter: 12 Problem: 10 Start with the partial model in the file Ch12 P10 Build a Model.xls on the textbook’s Web site‚ which contains the 2013 financial statements of Zieber Corporation. Forecast Zeiber’s 2014 income statement and balance sheets. Use the following assumptions: (1) Sales grow by 6%. (2) The ratios of expenses to sales‚ depreciation to fixed assets‚ cash to sales‚ accounts receivable
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