CHAPTER 2 The Financial Statements BRIEF EXERCISES BE2–1 2008 2008 2008 Beginning Ending Retained 2008 2008 2008 Retained Earnings + Revenues – Expenses – Dividends = Earnings $28.2 + $43.3 – $38.2 – X = $30.6 X = $2.7 2008 Dividends as a percentage of 2008 net income: 2008 Dividends = $ 2.7 = 52.9% 2008 Net income ($43.3-$38.2) $ 5.1 BE2–2 1) Current Liabilities financed $32 billion of the
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Financial Management APC308 Individual assignment Weighting – 100% of the marks for this module This is an individual assignment of about 3‚000 words. Requirements: You are the senior financial manager in a large listed company‚ Carr plc. The directors of the company have identified a potential project‚ which they hope will be successful in increasing the wealth of the shareholders. The project will involve the purchase of new machinery costing £120 million with a life of
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tool for comparing relative values across a sample of individual stocks. V is the value of the stock. Dt is the expected dividend payment at the year t. K is the discount rate. Dividend policy has always been a baffling problem of financial management. In theoretical circles there are two schools about dividend policy: relevant dividend view and irrelevant dividend view. Relevant dividend view: Farrar‚ Salwyn and Gordon are representatives of this theory. Their theory is that company
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Chapter 1 The Financial Statements Short Exercises (5 min.) S 1-1 Computed amounts in boxes Total Assets = Total Liabilities + Stockholders’ Equity a. $300‚000 = $150‚000 + $150‚000 b. 280‚000 = 110‚000 + 170‚000 c. 210‚000 = 50‚000 + 160‚000 (5 min.) S 1-2 Ethics is a factor that should be included in every business and accounting decision‚ beyond the potential economic and legal consequences
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(For your information‚ in this whole report‚ Petronas Dagangan Bhd‚ we will short it as PDB and Petronas Gas Bhd as PGB) Question (a) Background and Future Prospects of the selected Company i) History PDB is incorporated in 1982 and listed on the Main Board of Bursa of Bursa Malaysia in 1994. Notably‚ PDB is also known as the principal domestic marketing arm of Petroliam Nasioanal Berhad (PETRONAS) and Malaysia’s leading retailer and marketer of downstream oil and gas products. Today‚ PDB
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14.14 + j14.14 − 43.3 + j25 = −29.16 + j39.14 = 48.81/126.68◦ Therefore i = 48.81 cos(ωt + 126.68◦ ) mA [c] V = 20 + j80 − 30/15◦ = 20 + j80 − 28.98 − j7.76 = −8.98 + j72.24 = 72.79/97.08◦ v = 72.79 cos(ωt + 97.08◦ ) V AP 9.3 [a] ωL = (104 )(20 × 10−3 ) = 200 Ω [b] ZL = jωL = j200 Ω © 2010 Pearson Education‚ Inc.‚ Upper Saddle River‚ NJ. All rights reserved. This publication is protected by Copyright and written permission should be obtained from the publisher prior to any prohibited reproduction
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Chapter 7 Fundamentals of Capital Budgeting 7-1. Pisa Pizza‚ a seller of frozen pizza‚ is considering introducing a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of the new pizza will be $20 million per year. While many of these sales will be to new customers‚ Pisa Pizza estimates that 40% will come from customers who switch to the new‚ healthier pizza instead of buying the original version. a. b. Assume customers will spend
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16 Fourier Series Assessment Problems AP 16.1 av = 1 T ak = 2 T = 0 Vm dt + 2T /3 0 4Vm 3kω0 T = bk = 2T /3 2 T 2T /3 0 4Vm 3kω0 T 1 T Vm 3 T 2T /3 Vm cos kω0 t dt + sin 4kπ 3 = Vm sin kω0 t dt + 1 − cos 4kπ 3 7 dt = Vm = 7π V 9 Vm cos kω0 t dt 3 T 2T /3 6 4kπ sin k 3 Vm sin kω0 t dt 3 T 2T /3 = 6 k 1 − cos 4kπ 3 AP 16.2 [a] av = 7π = 21.99 V [b] a1 = −5.196 b1 = 9 a2 = 2.598 a3 = 0 a4 = −1.299 a5 = 1.039 b2 = 4.5 b3 = 0 b5 = 1.8 b4 = 2.25 2π = 50 rad/s T [d]
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CHAPTER 5 Solutions—Series A Problems 5–1A.(a)Net FUTA tax $123‚400 × 0.006=$740.40 (b)Net SUTA tax$123‚400 × 0.048=5‚923.20 (c)Total unemployment taxes$6‚663.60 5–2A.Earnings subject to FUTA and SUTA: $737‚910 – $472‚120 = $265‚790 (a)Net FUTA tax$265‚790 × 0.006=$1‚594.74 (b)Net SUTA tax$265‚790 × 0.029=7‚707.91 (c)Total unemployment taxes$9‚302.65 5–3A.(a)Net FUTA tax$67‚900 × 0.006=$407.40 (b)Net SUTA tax$83‚900 × 0.037=$3‚104.30 5–4A.(a)SUTA taxes paid to Massachusetts$18‚000 × 0
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BFN1014 Financial Management I (Semester 53) GROUP ASSIGNMENT II Question 1: Assume that you are an assistant to Fernandez‚ senior vice presidents of a mutual fund company. Your company had been recently requested by a major client to present an investment seminar‚ and Fernandez‚ who will make the actual presentation‚ have asked you to help him. To illustrate the common stock valuation process‚ Fernandez has asked you to analyze the ABC Berhad (ABC)‚ a semiconductor manufacturer. You are to answer
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