Situation: Annual percentage rate
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Business Finance
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Potential homeowners are often confused why the annual percentage rate is higher than the quoted interest rate.
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20190208213734problem12 10 Solution
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Option 1: Ratio Analysis Exercises and Problems
Use the net income statement for Summer Peebles, Inc., below, to do the fo ...
Colorado State University Global Campus Ratio Analysis Exercises and Problems
Option 1: Ratio Analysis Exercises and Problems
Use the net income statement for Summer Peebles, Inc., below, to do the following assigned problems.
Compute the following earnings coverage ratios:
Earnings to fixed charges.
Cash flow to fixed charges.
Earnings coverage of preferred dividends.
Analyze and interpret the earnings coverage ratios in (A).
Summer Peebles, Inc. Consolidated Income Statement ($ thousands)
Year Ending December 31, 2015
Sales
$15,000.00
Undistributed Income of Less Than 50%-Owned Affiliates
$300.00
Total Revenue
$15,300.00
Cost of Goods Sold
$7,000.00
Selling and Administrative Expenses
$2,000.00
Depreciation
$600.00
Rental Expense
$500.00
Share of Minority Interest in Consolidated Income
$200.00
Interest Expense
$400.00
-$10,700.00
Income Before Taxes
$4,600.00
Income Taxes
Current
$900.00
Deferred
$400.00
-$1,300.00
Net Income
$3,300.00
Less Dividends
Common Stock
$300.00
Preferred Stock
$400.00
-$700.00
Earnings Retained for the Year
$2,600.00
Additional Information:
The following changes occurred in current assets and current liabilities for 2015:Current AccountsIncrease (Decrease)Current AccountsIncrease (Decrease)Accounts Receivable $900.00Notes Payable to Bank-$200.00Inventories-$800.00Accounts Payable $700.00Dividend Payable-$100.00
The effective tax rate is 40%.
Shares of minority interests in consolidated income do not have fixed charges.
Interest expenses include:Interest Incurred (Except Items Below) $600.00Amortization of Bond Premium-$300.00Interest on Capitalized Leases $140.00Interest Incurred $440.00Less Interest Capitalized-$40.00Interest Expense $400.00
Amortization of previously capitalized interest (included in depreciation) is $60.
Interest implicit in operating lease rental payment (included in rental expense) is $120.
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BUSI 4H215 Durham University Kambucha Marketing Campaing Presentation
Preparing a marketing communication campaign for the imminent launch of a new brand of KOMBUCHA.2500 word limit 20+ references. The article should be original.details see attachment.
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Most Popular Content
4 pages
20190208213734problem12 10 Solution
Start with the partial model in the file Ch12 P10 Build a Model.xls on the textbook’s Web site, which contains the 2013 ...
20190208213734problem12 10 Solution
Start with the partial model in the file Ch12 P10 Build a Model.xls on the textbook’s Web site, which contains the 2013 finan
Post University Why Gender Equality Is Good by Michael Kimmel Video Paper
View the Michael Kimmel video on “Why Gender Equality is Good…”Based on the ideas in the video and your outside sour ...
Post University Why Gender Equality Is Good by Michael Kimmel Video Paper
View the Michael Kimmel video on “Why Gender Equality is Good…”Based on the ideas in the video and your outside sources, write a 3 page paper, addressing the following three questions:What are your perceptions of the existence of gender inequality in the world around us?How does it show itself and have we just taken it as a fact of life…or are we becoming more aware of the implications it produces?What are some good qualities that make women (more so than men) well suited to assume high-level leadership roles?What is one solution you believe would work to break through the “glass ceiling” and why?Is this something organizations should actively pursue?Why?Submission Requirements: APA format is required, which includes:Title page12pt. font in Times New Roman and double-spaced Reference page, with in-text citations Entire paper length should be four pages or more; the answer to each question should be complete and thorough.Include an introduction and conclusion (included in word count!)
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Designing A Training Programfinal
Training in an organization is required for various reasons including the need to maintain a level of competence and respo ...
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Training in an organization is required for various reasons including the need to maintain a level of competence and respond to the changing demands ...
Colorado State University Global Campus Ratio Analysis Exercises and Problems
Option 1: Ratio Analysis Exercises and Problems
Use the net income statement for Summer Peebles, Inc., below, to do the fo ...
Colorado State University Global Campus Ratio Analysis Exercises and Problems
Option 1: Ratio Analysis Exercises and Problems
Use the net income statement for Summer Peebles, Inc., below, to do the following assigned problems.
Compute the following earnings coverage ratios:
Earnings to fixed charges.
Cash flow to fixed charges.
Earnings coverage of preferred dividends.
Analyze and interpret the earnings coverage ratios in (A).
Summer Peebles, Inc. Consolidated Income Statement ($ thousands)
Year Ending December 31, 2015
Sales
$15,000.00
Undistributed Income of Less Than 50%-Owned Affiliates
$300.00
Total Revenue
$15,300.00
Cost of Goods Sold
$7,000.00
Selling and Administrative Expenses
$2,000.00
Depreciation
$600.00
Rental Expense
$500.00
Share of Minority Interest in Consolidated Income
$200.00
Interest Expense
$400.00
-$10,700.00
Income Before Taxes
$4,600.00
Income Taxes
Current
$900.00
Deferred
$400.00
-$1,300.00
Net Income
$3,300.00
Less Dividends
Common Stock
$300.00
Preferred Stock
$400.00
-$700.00
Earnings Retained for the Year
$2,600.00
Additional Information:
The following changes occurred in current assets and current liabilities for 2015:Current AccountsIncrease (Decrease)Current AccountsIncrease (Decrease)Accounts Receivable $900.00Notes Payable to Bank-$200.00Inventories-$800.00Accounts Payable $700.00Dividend Payable-$100.00
The effective tax rate is 40%.
Shares of minority interests in consolidated income do not have fixed charges.
Interest expenses include:Interest Incurred (Except Items Below) $600.00Amortization of Bond Premium-$300.00Interest on Capitalized Leases $140.00Interest Incurred $440.00Less Interest Capitalized-$40.00Interest Expense $400.00
Amortization of previously capitalized interest (included in depreciation) is $60.
Interest implicit in operating lease rental payment (included in rental expense) is $120.
BUSI 4H215 Durham University Kambucha Marketing Campaing Presentation
Preparing a marketing communication campaign for the imminent launch of a new brand of KOMBUCHA.2500 word limit 20+ refere ...
BUSI 4H215 Durham University Kambucha Marketing Campaing Presentation
Preparing a marketing communication campaign for the imminent launch of a new brand of KOMBUCHA.2500 word limit 20+ references. The article should be original.details see attachment.
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