P2-10.The financial statements of Access Corporation for the year ended December 31, 2012, follow.

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P2-10.The financial statements of Access Corporation for the year ended December 31, 2012, follow.

Access Corporation

Income Statement

For the Year Ended December 31, 2012

__________________________________________________________________________________________________________     .

Sales revenue   $160,000
Less: Cost of goods solda     106,000
Gross profit   $ 54,000
Less operating expenses:    
  Selling expense $16,000  
  General and administrative expense 10,000  
  Lease expense 1,000  
  Depreciation expense  10,000  
    Total operating expenses     37,000
Operating profit   $17,000
Less: Interest expense       6,100
Net profit before taxes   $10,900
Less: Taxes @ 40%       4,360
Net profits after taxes   $  6,540

 

aAccess Corporation’s annual purchases are estimated to equal 75 percent of cost of goods sold.

 

Access Corporation

Balance Sheet

As of December 31, 2012

Assets Liabilities and Stockholders’ Equity
   Cash $     500    Accounts payable $ 22,000
   Marketable securities 1,000    Notes payable    47,000
   Accounts receivable 25,000       Total current liabilities $ 69,000
   Inventories     45,500 Long-term debt    22,950
      Total current assets $  72,000 Total liabilities $ 91,950
Land $  26,000 Common stock a 31,500
Buildings and equipment $  90,000 Retained earnings    26,550
Less: Accumulated depreciation     38,000 Total liabilities and stockholders’  
Net fixed assets $  78,000 equity $150,000
Total assets $150,000    

 

                  a The firm’s 3,000 outstanding shares of common stock closed 2012 at a price of $25 per share.

 

a.   Use the preceding financial statements to complete the following table. Assume that the industry averages given in the table are applicable for both 2011 and 2012.

b.   Analyze Access Corporation’s financial condition as it relates to (1) liquidity, (2) activity, (3) debt, (4) profitability, and (5) market value. Summarize the company’s overall financial condition.

 

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FIN370 Week 4 Discussion Questions 1, 2 and 3 (***** 1194 Words + APA Format + References *****)

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FIN370 Week 4 Discussion Questions 1, 2 and 3 (***** 1194 Words + APA Format + References *****)

 

 

1. Provide an example of when a merger or an acquisition, rather than an IPO, was (or is) a more appropriate way to grow.

 

 

2. Select any Initial Public Offering (IPO) of your choice.  Use the Internet to identify the following characteristics of your selected IPO:

a.    Initial offering price

b.    Price 1 month after offering

c.    Current market price

d.    Number of shares outstanding at the time of the IPO

e.    Number of shares outstanding 1 month after offering

f.     Current number of shares

Explain why the IPO (not the company!) was successful or not.

 

 

3. Your company is considering three mutually exclusive projects. Project A will expand the existing business operations in the current location. Project B will expand the existing business operations to the adjacent county. Project C will expand into a new business operation that is not related to current business operations. Surprisingly, the projected financial cash flows and the analyses of these projects yield exactly identical results:

  Project A Project B Project C
NPV @ 15% $12,100 $12,100 $12,100
IRR 25% 25% 25%
Payback 2.7 yrs 2.7 yrs 2.7 yrs

How should your company determine which project to select? Are there non-financial considerations that should be taken into account? Are there additional financial analyses that should be performed?

 

 

 

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I need these two questions answered in detail. This needs to be completed today, March 20, 2014 by 11:30pm, EST.

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I need these two questions answered in detail. This needs to be completed today, March 20, 2014 by 11:30pm, EST.

 

 

1.  Recommend three strategies you might use as a first-time budget analyst to ensure that you are effective in the role.

 

 

 

2. Describe three concepts or skills in budget and finance that anyone can use in their homes or any future professional career.

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List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.

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List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements.

The post List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial statements. appeared first on Infinitessays.org.