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Current company cash flowa. You need to complete a cash flow statement for the company using the direct method.b. Once you’ve completed the cash flow statement, answer the following questions:i. What does this statement of cash flow tell you about the sources and uses of the company funds?ii. Is there anything ABC Company can do […]

1. Payroll accounting.   Assume that the following tax rates and payroll information pertain to Brookhaven Publishing: • Social Security taxes: 4% on the first $55,000 earned per employee• Medicare taxes: 1.5% on the first $130,000 earned per employee• Federal income taxes withheld from wages: $7,500 • State income taxes: 4% of gross earnings • Insurance withholdings: 1% […]

Exercise 5-5Bruno Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.BRUNO COMPANYBALANCE SHEETDECEMBER 31, 2012Current assets Cash $264,970Accounts receivable (net) 344,970Inventories (lower-of-average-cost-or-market) 405,970Equity investments (trading)—at cost (fair value $123,050) 143,050Property, plant, and equipment Buildings (net) 573,050Equipment (net) 163,050Land held for […]

1. TVM. For this and the next 2 questions: Your brother just graduated from high school and is seeking your advice as to whether he should find a job immediately or go to college for 4 years and then find a job. He estimates that if he gets a job immediately, he will earn $15,000 […]

Risk and Return.  Suppose you purchased $1,000 of Stock A with your own money. You then borrowed $500 and used this money to buy Stock B.   This means that the portfolio weights are as follows: wA = 1000/1000 = 1.00; wB = 500/1000 = 0.50; wC = -500/1000 = -0.50. The correlation coefficient between […]

1. The convention of consistency refers to consistent use of accounting principles: among firmswithin industriesamong accounting periodsthroughout the accounting period 2. Jayadev Athreya has started his first job. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 percent. How […]

22. Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase its dividend by $0.25 in each of the following three years. If their required rate of return if 14 percent, what is the present value of their dividends over the next four years?$12.50$13.50$11.63$9.72 23. Firms that achieve higher growth rates […]

1. The concept of Corporate Social Responsibility originated in which time period? a. 1920’s and 1930’s b. 19th Century c. 1980’s and 1990’s d. 1960’s and 1970’s 2. Worldwide, about ___________ percent of businesses in the private sector are small or medium sized. a. 80 b. 85 c. 90 d. 99 3. The generally accepted […]

  Business Law Quiz     1) Which of the following is NOT true?   a. A minor can still disaffirm a contract for a reasonable time after reaching majority.   b. An adult cannot disaffirm a contract made with a minor.   c. A minor must pay the agreed price on a contract for necessaries. […]

26) Organizational commitment is a person’s attitudes towards A) his or her specific job. B) his or her supervisor. C) the entire organization. D) meeting coworkers’ needs. 27) When managers become aware of evidence of potential discrimination, they need to A) act proactively to address the potential problem. B) perhaps change the organization’s policies and […]