1. Hicks Health Clubs, Inc., expects to generate an annual EBIT of $500,000 and needs to obtain financing for $1,000,000 of assets. Their tax bracket is 40%. If the firm goes with a short-term financing plan, their rate will be 8 percent, and with a long-term financing plan their rate will be 9 percent. What much more or less will their initial annual earnings after taxes be if they choose the most conservative financing plan? 2. GS Cookie Co. forecasts cash receipts for January and February of $9,000 and $10,000, respectively. Cash Payments of $4,000 and $5,000 are expected in these two months. GS Cookie’s cash balance at the beginning of January was $5,000, a level that it attempts to maintain. At the beginning of the year, GS Cookie has a $13,000 balance outstanding on its line of credit at the local bank. Based on its cash budget, how much of the line of credit can GS Cookie repay in January and February? 3. A firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,000 in operating profits? 4. Kuznets Rental Center requires $1,000,000 in financing over the next two years. Kuznets can borrow long-term at 9 percent interest per year for two years. Alternatively, Kuznets can borrow short-term and pay 7 percent interest in the first year. Then, Kuznets projects paying 10 percent interest in the second year. Assuming Kuznets pays off the accrued interest at the end of each year, which of the following statements is true?
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Hi Would Like To See Solutions To Compare Against Mine
/in Uncategorized /by developerHi would like to see solutions to compare against mine.
Q 14of424(in millions)Ticket RevenueConcessions RevenueTotal RevenueCost of goods sold- ticketsCost of goods sold- ConcessionsTotal cost of goods soldGross ProfitAnswer {a}Gross Profit…
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Hi Write About Unethical Thing Happened To You In Your Life And What Did You Do
/in Uncategorized /by developerHi Write about unethical thing happened to you in your life and what did you do to make it ethical . Write 2 different circumstances asap
Ethical issues seem to come up more frequent than we let on whether at our work placesor other social gatherings. As common as they seem to be, our responses or even ourunderstanding of what our…
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Hi You Helped Last Week I Believe And I Was Wondering If You Can Explain Where T
/in Uncategorized /by developerHi, you helped last week I believe and I was wondering if you can explain where the taxes calculation came into play. It’s a minimal amount, so I am curious how we arrived at that figure and why it is truly so low. Based on the 10% cost of borrowing and the need for a loan in March due to the deficit, it would appear the cost should be much higher in interest. What are your thoughts? Thanks for your time.
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Hi Zipnek Sorry For My Late Response As I Do Not Know How To Assign The Question
/in Uncategorized /by developerHi Zipnek, sorry for my late response as I do not know how to assign the question to you when you sent me the comment earlier. I have sent the questions again. Thanks.
“Provide a detailed analysis on the impact of the current Oil Price Volatlity on the world financial markets mainly in Europe , USA, Asia and Australia and provide specifically answers to the following questions:
1. How Oil Price Volatility might affect equity world Equity Markets mainly in Europe, Asia, Australia and USA
2. How the depreciation of Russian currency may affect world economic stability.
3. Propose alternative hedging solutions for Equity Investment in the current Chronical Oil Price Volalility.
4. Do you thing that a new global financial crisis is forthcoming due to the current oil price volatility?
5. How the current situation may affect the recovery of Greece in the Euro zone”
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Hich Browser Do You Use And Why Do You Use More Than One Browser And Why Which B
/in Uncategorized /by developerWhich browser do you use and why?Do you use more than one browser and why?Which browser do most web users use and why do you think that it is that way? Make sure you search online for statistics to confirm which browser is most widely used.What features would you like to see in future versions of your favorite browser?
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Hickman Savings And Loan Is Concerned That Market Conditions Might Cause The Sho
/in Uncategorized /by developerHickman Savings and Loan is concerned that market conditions might cause the short-term yield curve to be higher than the long-term yield curve. This negative yield curve means that long-term interest rates are lower than short-term rates. This will cause the bank to shift from its mortgage-based business strategy to one dominated by short-term loans, which is not an area that the bank has much market share. Explain how the yield curve is affected by the following: •Liquidity preferences theory
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Hickock Mining Is Evaluating When To Open A Gold Mine The Mine Has 79 200 Ounces
/in Uncategorized /by developer1. Hickock Mining is evaluating when to open a gold mine. The mine has 79,200 ounces of gold left that can be mined, and mining operations will produce 7,200 ounces per year. The required return on the gold mine is 11 percent, and it will cost $14 million to open the mine. When the mine is opened, the company will sign a contract that will guarantee the price of gold for the remaining life of the mine. If the mine is opened today, each ounce of gold will generate an aftertax cash flow of $453 per ounce. If the company waits one year, there is a 58 percent probability that the contract price will generate an aftertax cash flow of $503 per ounce and a 42 percent probability that the aftertax cash flow will be $413 per ounce.Required: What is the value of the option to wait? Round your answer to 2 decimal places.
Hickock Mining is evaluating when to open a gold mine. The mine has 60,000 ounces of gold left that can be mined and mining operations will produce 7,500 ounces per year. The requiredreturn on the…
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Hickory Furniture Company Manufactures Unfinished Oak Furniture Hickory Uses A S
/in Uncategorized /by developerHickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor,direct materials,and factory overhead standards for an unfinished dining room table are as follows: Direct labor: standard rate $18.00 per hr. standard time per unit 2.5 hrs. Direct materials (oak): standard price $9.50 per bd. ft. standard quantity 18 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. Determine the standard cost per dining room table
Ans Hickory Furniture CompanyCalculation of Standard cost per Dining Room TableItem Req. Units/ Table Rate ($) Amount ($) Direct Labor (Hrs) 2.5 18 45 Direct Material (Oak) ft 18 9.5 171 Variable…
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Hicks Cable Company Has A Dened Benet Pension Plan Three Attemative Possibilitie
/in Uncategorized /by developerNeed Help with Intermediate Accounting 8th Edition Chapter 17 Homework
Hicks Cable Company has a defined benefit pension plan. Three attemative possibilities for pension—relateddata at January 1, E16, are shown below: an we tone 1 {Ease 2 " {EaselNet loss {gainJ—ADCI, Jan. 1 $ 331 $ t3i’1jl $ 2912MB loss {gain} on plan assets {22} {19} 921116 loss {gain} on PEG {34] 2? (EDD)acwmulated benefit obligation, Jan. 1 {3,{3503 {2,650} {1,550}Projected benefit obligation, Jan. 1 {3,433} {REED} {1,310}Fair more of plan assets, Jan. 1 2,9111} 2,8111} 1,fifit}Average remaining service pen’od of active employees {years} 12 15 10Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included asa component of pension expense for 21116. [Input ail amounts as positive values] Net gain or loss Lees: Corridor amount Seance period {years}Fmortization of gain or loss 2. For each independent case, determine the net loss—ADCI or net gain—ADCI as of January 1, EH11[Amounts to be deducted and tosses amounts should be indicated by a minus sign.) Net loss {gain}Loss {gain} on plan assets Loss {gain} on FEDJanuary 1, 2D1T net gain {loss} — AOCI
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Hicks Health Clubs Inc Expects To Generate An Annual Ebit Of 500 000 And Needs T
/in Uncategorized /by developer1. Hicks Health Clubs, Inc., expects to generate an annual EBIT of $500,000 and needs to obtain financing for $1,000,000 of assets. Their tax bracket is 40%. If the firm goes with a short-term financing plan, their rate will be 8 percent, and with a long-term financing plan their rate will be 9 percent. What much more or less will their initial annual earnings after taxes be if they choose the most conservative financing plan? 2. GS Cookie Co. forecasts cash receipts for January and February of $9,000 and $10,000, respectively. Cash Payments of $4,000 and $5,000 are expected in these two months. GS Cookie’s cash balance at the beginning of January was $5,000, a level that it attempts to maintain. At the beginning of the year, GS Cookie has a $13,000 balance outstanding on its line of credit at the local bank. Based on its cash budget, how much of the line of credit can GS Cookie repay in January and February? 3. A firm with $50,000 in fixed costs breaks even on unit sales of 10,000, how many units must the firm sell to earn $20,000 in operating profits? 4. Kuznets Rental Center requires $1,000,000 in financing over the next two years. Kuznets can borrow long-term at 9 percent interest per year for two years. Alternatively, Kuznets can borrow short-term and pay 7 percent interest in the first year. Then, Kuznets projects paying 10 percent interest in the second year. Assuming Kuznets pays off the accrued interest at the end of each year, which of the following statements is true?
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