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Fishbone Tool
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ACT 4491 Troy Advanced Accounting Consolidated Financial Statements Problems Report
On January 1, 2019, Parent acquired a 70% interest in Sub for a purchase price that was 450,000 over the book value of Sub ...
ACT 4491 Troy Advanced Accounting Consolidated Financial Statements Problems Report
On January 1, 2019, Parent acquired a 70% interest in Sub for a purchase price that was 450,000 over the book value of Sub’s Stockholders’ Equity on the date of acquisition. The acquisition date AAP of 500,000 was assigned as 350,000 to a Patent (useful life 10 years) and 150,000 to Goodwill. Financial reports on December 31, 2025, indicate a beginning balance in Stockholders’ Equity of 841,000 (Common Stock, 92,100; APIC, 308,900, and Retained Earnings, 440,000). Sub’s net income for the period ending December 31, 2025, was 56,000. Sub paid dividends of 10,000 during that period. Sub regularly sells inventory to Parent, with sales of 305,000 in 2024 and 500,000 in 2025. Deferred gross profit was 22,913 and 24,000 in 2024 and 2025, respectively. a.What is the amount of unamortized AAP on December 31, 2025, and the Non-controlling Interests income for the period ending December 31, 2025?b.What was the ending balance in the
noncontrolling equity?c.For the period ending December 31, 2025, and as a result of inventory sales from Sub to Parent, the elimination entries will include an increase (debit) in COGS of_____ and a decrease(credit) of _____?d. On December 31, 2025, the consolidated
balance sheet will show a balance in Patent of _________?e. On January 1, 2025 (beginning of the year), the
balance in the investment account would be _______. (This is the balance in the
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CSU Global Module 5&6 Corporate Dividend Policy And Its Theories
Portfolio Assignment Option #1IW Technologies (IWT) is a 6-year old company founded by Harold Jacksen and Donald Smith to ...
CSU Global Module 5&6 Corporate Dividend Policy And Its Theories
Portfolio Assignment Option #1IW Technologies (IWT) is a 6-year old company founded by Harold Jacksen and Donald Smith to exploit metamaterial plasmonic technology to develop and manufacture miniature microwave frequency directional transmitters and receivers for use in mobile Internet and communications applications. The technology, although highly-advanced, is relatively inexpensive to implement and their patented manufacturing techniques require little capital in comparison to many electronics fabrication ventures. Because of the low capital requirement, J&S have been able to avoid issuing new stock and thus own all of the shares. Because of the explosion in demand for its mobile Internet applications, IWT must now access outside equity capital to fund its growth and J&S have decided to take the company public. Until now, J&S have paid themselves reasonable salaries but routinely reinvested all after-tax earnings in the firm, so dividend policy has not been an issue. However, before talking with potential outside investors, they must decide on a dividend policy.Your new boss at the consulting firm FLT and Associates, which has been retained to help IWT prepare for its public offering, has asked you to make a presentation to Jackson and Smithfield in which you review the theory of dividend policy and discuss the following issues.Due in Module 5What is meant by the term “distribution policy”? How have dividend payouts versus stock repurchases changed over time?The terms "irrelevance," "dividend preference, or bird-in-the-hand," and "tax effect" have been used to describe three major theories regarding the way dividend payouts affect a firm's value. Explain what these terms mean, and briefly describe each theory.Submit the spreadsheet by Sunday of Week 5 so the instructor can review your work and provide suggestions for improvement. No points will be assigned for this, but points will be deducted from your final grade on the Portfolio Project if you fail to submit this assignment by the end of Week 5. Additionally, work received later than Week 6 of the course will not receive feedback prior to the final grading of the Portfolio Project.Due in Module 6What do the three theories indicate regarding the actions management should take with respect to dividend payouts?What results have empirical studies of the dividend theories produced? How does all this affect what we can tell managers about dividend payouts?Complete Requirement 2 and submit your work by Sunday of this week so your professor can review and provide suggestions for improvement. No points will be assigned for this, but points will be deducted from your final grade on the Portfolio Project if you fail to submit this assignment by the end of Week 6. Additionally, work received later than Week 7 of the course will not receive feedback prior to the final grading of the Portfolio Project.Discuss (1) the clientele effect, (2) the information content, or signaling, hypothesis, and (3) their effects on dividend policy.Assume that IWT has a $112.5 million capital budget planned for the coming year. You have determined its present capital structure (80% equity and 20% debt) is optimal, and its net income is forecasted at $140 million. Use the residual distribution model approach to determine IWT’s total dollar distribution. Assume for now that the distribution is in the form of a dividend. IWT has 100 million shares. What is the forecasted dividend payout ratio? What is the forecasted dividend per share?What would happen to the payout ratio and DPS if net income were forecasted to decrease to $90 million?What would happen to the payout ratio and DPS if net income were forecasted to increase to $160 million?In general terms, how would a change in investment opportunities affect the payout ratio under the residual payment policy?What are the advantages and disadvantages of the residual policy? (Hint: Don't neglect signaling and clientele effects.Describe the procedures a company follows when it makes a distribution through dividend payments.What is a stock repurchase? Describe the procedures a company follows when it makes a distribution through a stock repurchase.What are stock repurchases? Discuss the advantages and disadvantages of a firm's repurchasing its own shares.Suppose IWT has decided to distribute $50 million, which it presently is holding in very liquid short-term investments. IWT’s value of operations is estimated to be about $1,937.5 million. IWT has $387.5 million in debt (it has no preferred stock). As mentioned previously, IWT has 100 million shares of stock outstanding.Assume that IWT has not yet made the distribution. What is IWT’s intrinsic value of equity? What is its intrinsic per share stock price?Now suppose that IWT has just made the $50 million distribution in the form of dividends. What is IWT’s intrinsic value of equity? What is its intrinsic per share stock price?Suppose instead that IWT has just made the $50 million distribution in the form of a stock repurchase. Now what is IWT’s intrinsic value of equity? How many shares did IWT repurchase? How many shares remained outstanding after the repurchase? What is its intrinsic per share stock price after the repurchase?Your paper must meet the following requirements:Be approximately 4-6 pages in length, not including the cover page and reference page.Be sure to follow the CSU-Global Guide to Writing and APA. Each paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.Your paper must be clearly and well written using excellent grammar and style techniques. If you need assistance with your writing style, start with Tools for Effective Writing at the CSU-Global Library, accessible from the library’s homepage.Refer to the Portfolio Project grading rubric available in the Module 8 Folder for information on grading details.
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Most Popular Content
9 pages
Fishbone Tool
A fishbone diagram is a business productivity and management, problem-solving tool that is effective in performing an anal ...
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A fishbone diagram is a business productivity and management, problem-solving tool that is effective in performing an analysis the cost and effect of ...
ACT 4491 Troy Advanced Accounting Consolidated Financial Statements Problems Report
On January 1, 2019, Parent acquired a 70% interest in Sub for a purchase price that was 450,000 over the book value of Sub ...
ACT 4491 Troy Advanced Accounting Consolidated Financial Statements Problems Report
On January 1, 2019, Parent acquired a 70% interest in Sub for a purchase price that was 450,000 over the book value of Sub’s Stockholders’ Equity on the date of acquisition. The acquisition date AAP of 500,000 was assigned as 350,000 to a Patent (useful life 10 years) and 150,000 to Goodwill. Financial reports on December 31, 2025, indicate a beginning balance in Stockholders’ Equity of 841,000 (Common Stock, 92,100; APIC, 308,900, and Retained Earnings, 440,000). Sub’s net income for the period ending December 31, 2025, was 56,000. Sub paid dividends of 10,000 during that period. Sub regularly sells inventory to Parent, with sales of 305,000 in 2024 and 500,000 in 2025. Deferred gross profit was 22,913 and 24,000 in 2024 and 2025, respectively. a.What is the amount of unamortized AAP on December 31, 2025, and the Non-controlling Interests income for the period ending December 31, 2025?b.What was the ending balance in the
noncontrolling equity?c.For the period ending December 31, 2025, and as a result of inventory sales from Sub to Parent, the elimination entries will include an increase (debit) in COGS of_____ and a decrease(credit) of _____?d. On December 31, 2025, the consolidated
balance sheet will show a balance in Patent of _________?e. On January 1, 2025 (beginning of the year), the
balance in the investment account would be _______. (This is the balance in the
Equity Investment account prior to any eliminating entries.)
CSU Global Module 5&6 Corporate Dividend Policy And Its Theories
Portfolio Assignment Option #1IW Technologies (IWT) is a 6-year old company founded by Harold Jacksen and Donald Smith to ...
CSU Global Module 5&6 Corporate Dividend Policy And Its Theories
Portfolio Assignment Option #1IW Technologies (IWT) is a 6-year old company founded by Harold Jacksen and Donald Smith to exploit metamaterial plasmonic technology to develop and manufacture miniature microwave frequency directional transmitters and receivers for use in mobile Internet and communications applications. The technology, although highly-advanced, is relatively inexpensive to implement and their patented manufacturing techniques require little capital in comparison to many electronics fabrication ventures. Because of the low capital requirement, J&S have been able to avoid issuing new stock and thus own all of the shares. Because of the explosion in demand for its mobile Internet applications, IWT must now access outside equity capital to fund its growth and J&S have decided to take the company public. Until now, J&S have paid themselves reasonable salaries but routinely reinvested all after-tax earnings in the firm, so dividend policy has not been an issue. However, before talking with potential outside investors, they must decide on a dividend policy.Your new boss at the consulting firm FLT and Associates, which has been retained to help IWT prepare for its public offering, has asked you to make a presentation to Jackson and Smithfield in which you review the theory of dividend policy and discuss the following issues.Due in Module 5What is meant by the term “distribution policy”? How have dividend payouts versus stock repurchases changed over time?The terms "irrelevance," "dividend preference, or bird-in-the-hand," and "tax effect" have been used to describe three major theories regarding the way dividend payouts affect a firm's value. Explain what these terms mean, and briefly describe each theory.Submit the spreadsheet by Sunday of Week 5 so the instructor can review your work and provide suggestions for improvement. No points will be assigned for this, but points will be deducted from your final grade on the Portfolio Project if you fail to submit this assignment by the end of Week 5. Additionally, work received later than Week 6 of the course will not receive feedback prior to the final grading of the Portfolio Project.Due in Module 6What do the three theories indicate regarding the actions management should take with respect to dividend payouts?What results have empirical studies of the dividend theories produced? How does all this affect what we can tell managers about dividend payouts?Complete Requirement 2 and submit your work by Sunday of this week so your professor can review and provide suggestions for improvement. No points will be assigned for this, but points will be deducted from your final grade on the Portfolio Project if you fail to submit this assignment by the end of Week 6. Additionally, work received later than Week 7 of the course will not receive feedback prior to the final grading of the Portfolio Project.Discuss (1) the clientele effect, (2) the information content, or signaling, hypothesis, and (3) their effects on dividend policy.Assume that IWT has a $112.5 million capital budget planned for the coming year. You have determined its present capital structure (80% equity and 20% debt) is optimal, and its net income is forecasted at $140 million. Use the residual distribution model approach to determine IWT’s total dollar distribution. Assume for now that the distribution is in the form of a dividend. IWT has 100 million shares. What is the forecasted dividend payout ratio? What is the forecasted dividend per share?What would happen to the payout ratio and DPS if net income were forecasted to decrease to $90 million?What would happen to the payout ratio and DPS if net income were forecasted to increase to $160 million?In general terms, how would a change in investment opportunities affect the payout ratio under the residual payment policy?What are the advantages and disadvantages of the residual policy? (Hint: Don't neglect signaling and clientele effects.Describe the procedures a company follows when it makes a distribution through dividend payments.What is a stock repurchase? Describe the procedures a company follows when it makes a distribution through a stock repurchase.What are stock repurchases? Discuss the advantages and disadvantages of a firm's repurchasing its own shares.Suppose IWT has decided to distribute $50 million, which it presently is holding in very liquid short-term investments. IWT’s value of operations is estimated to be about $1,937.5 million. IWT has $387.5 million in debt (it has no preferred stock). As mentioned previously, IWT has 100 million shares of stock outstanding.Assume that IWT has not yet made the distribution. What is IWT’s intrinsic value of equity? What is its intrinsic per share stock price?Now suppose that IWT has just made the $50 million distribution in the form of dividends. What is IWT’s intrinsic value of equity? What is its intrinsic per share stock price?Suppose instead that IWT has just made the $50 million distribution in the form of a stock repurchase. Now what is IWT’s intrinsic value of equity? How many shares did IWT repurchase? How many shares remained outstanding after the repurchase? What is its intrinsic per share stock price after the repurchase?Your paper must meet the following requirements:Be approximately 4-6 pages in length, not including the cover page and reference page.Be sure to follow the CSU-Global Guide to Writing and APA. Each paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.Your paper must be clearly and well written using excellent grammar and style techniques. If you need assistance with your writing style, start with Tools for Effective Writing at the CSU-Global Library, accessible from the library’s homepage.Refer to the Portfolio Project grading rubric available in the Module 8 Folder for information on grading details.
5 pages
Csr Fair And Lovely 1
1. The issue identified regarding CSR regarding case are that it is responsibility of any organization to behave responsib ...
Csr Fair And Lovely 1
1. The issue identified regarding CSR regarding case are that it is responsibility of any organization to behave responsibly. HLL Through its ...
5 pages
Homework Help
Describe the different components of global diversity, as described by Nishii & Ozbilgin Attention to diversity has been o ...
Homework Help
Describe the different components of global diversity, as described by Nishii & Ozbilgin Attention to diversity has been on the rise due to the ...
249 pages
Updated Admin 269 Lab Assignment Student Id 207499
1 Enter Student Name and Student ID above (be careful, if you enter the wrong student ID you will get 0!) 2 Copy the data ...
Updated Admin 269 Lab Assignment Student Id 207499
1 Enter Student Name and Student ID above (be careful, if you enter the wrong student ID you will get 0!) 2 Copy the data in the Data section and ...
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