FIN-320 Milestone 1 TN
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Final Project- Milestone One
FIN-320 Principles of Finance
Module 2-2 Milestone 1 Southern New Hampshire University
Tania Nora
March 17,2024
Chipotle Mexican Grill Inc. is a restaurant chain founded in 1993 by Steve Ells. Chipotle serves customers a range of Mexican cuisine that ranges from: tacos, salads, quesadillas, burritos, burrito bowls, chips and salsa and a variety of meats.
Financial Statement plays a crucial part in any business. Financial statements are written/recorded records of all financial activities of the company. Also, these financial statements are what a company uses to be able to ensure to give peace of mind to a company’s investors that the company is doing well. The use of financial documents is also used to file taxes, as well as to be able to evaluate how the company is progressing.
Using Mergent Online I was able to get the Financial Statement as of 12/31/23 and below
you will find some important information on Chipotle’s finances.
a.
Total assets: $ 8,044,362
b.
Total liabilities: $4,982,155
c.
Current assets: $ 1,620,713
d.
Current liabilities: $ 1,030,625
e.
Net income: $1,228,737,000
f.
Shares outstanding: 27,426,000.
g.
Earnings per share (EPS): 44.34
h.
Total revenue: $9,871,649,000
i.
Shareholders' equity (deficit): $3,062,207
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Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home
delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the
number of deliveries made.
The pizzeria's cost formulas appear below:
Fixed Cost
Cost per
Cost per
per Month
Pizza
Delivery
Pizza ingredients
$ 3.80
$ 5,220
$ 630
Kitchen staff
Utilities
$ 0.05
$ 3.50
$ 1.50
Delivery person
Delivery vehicle
Equipment depreciation
$ 540
$ 275
$ 1,830
$ 820
Rent
Miscellaneous
$ 0.15
In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries.
Data concerning the pizzeria's actual results in November were as follows:
Actual
Results
1,240
174
Pizzas
Deliveries
$ 17,420
$ 4,985
$5,281
$984
$609
$ 655
$ 275
$ 1,830
$ 954
Revenue
Pizza ingredients…
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Read the Chapter 15 Mini Case in Financial Management: Theory and Practice. Using complete sentences and academic vocabulary, please answer questions A and B.
Using the mini case information, write a 250-500 word recommendation of the financial decisions you propose for this company based on an analysis of its capital structure and capital budgeting techniques. Explain why you chose this recommendation.
Mini Case
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company’s EBIT was $120 million last year and is not expected to grow. PizzaPalace is in the 25% state-plus-federal tax bracket, the risk-free rate is 6 percent, and the market risk premium is 6 percent. The firm is currently financed with all equity, and it has 10 million shares outstanding.
When you took your corporate finance course, your instructor stated that most firms’ owners would be financially better off if the firms used some debt. When you suggested this to…
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deposit, and she will require a mortgage for the rest. The annual interest rate on the loan is 2.45% and the loan is for 25
years. Calculate the monthly payments.
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.
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Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a
maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how
much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are
taxed at a rate of 27%, then how much will you have when you retire?
Round all answers to 2 decimal places.
Before taxes retirement amount $
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1. Ch11 Financial Planning Exercise 1
BE
eBook
Chapter 11
Financial Planning Exercise 1
Calculate amount to invest to meet objectives
Use Worksheet 11.1. Phoebe Jones is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works with, what she would really like to do is open a bookstore of her own. She would like to open her store
in about seven years and figures she'll need about $ 45,000 in capital to do so. Given that Phoebe thinks she can make about 7 percent on her money, use Worksheet 11.1 to answer the following questions.
a. How much would Phoebe have to invest today, in one lump sum, to end up with $45,000 in seven years? Round the answer to two decimal places.
$
b. If she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in seven years? Round the answer to two decimal places.
$
c. How about if she already has $5,000 socked away, how much would she…
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formation - FIINA222
Class Kapoor, Personal Finance
M MHE Reader
A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae
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Restaurant spending, $130
Page 110
4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount.
a. Assets $48,000; liabilities $12,800; net worth $
b. Assets $78,780; liabilities $
; net worth $13,700.
C. Assets $44,280; liabilities $12,265; net worth $
d. Assets $
: liabilities $38,374; net worth $53,795.
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Johnson & Johnson Corporation has plan to diversify their business. One is to open a fast-food
restaurant and the other one is an opening of boutique. Both are located in Kuala Lumpur and
both projects are forecast to be opened in June 2022. Fast-food restaurant has been given the
name as J&J Restaurant and the initial investment is RM150,000. While the boutique has been
given name as Jie & Joe ane the cost involved is about RM100,000. The cost of capital is 12%.
As a finance manager you are forecasting both projects on the annual cash flow based on few
methods. The cash flow are as follows:
J&J Restaurant Annual Cash Flows:
1st year RM40,000, 2nd year increase to RM55,000, 3rd year increase by RM10,000, the 4th year
is RM70,000 and the 5th year is RM85,000
Jie &Joe…
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Match the words with the term.
Question 13 options:
12345
mortgage
12345
trade receivables
12345
equipment
12345
working capital
12345
inventory
1.
factoring
2.
warehouse financing
3.
line of credit
4.
term loan
5.
building
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Basic LUng
LESSON 7
Introduction
You now ask the banker why the bank is charging interest on your loan. The banker
explains that borrowing money is not free because money can be used by the bank in
other forms of investment to generate income. Therefore, the interest rate is being
charged as a cost of borrowing to compensate the opportunity costs of the bank with
regard to the cash loaned to you. Moreover, the interest rate is usually expressed as
an annual percentage rate.
Pre-activity
Directions: Write your answers on a (Bond paper or Yellow Pad) using black ballpen
only.
AJ Santos is a small business owner that wanted to purchase a new piece of
equipment to be used in operations. The new equipment would cost him Php.
150,000, an amount which would require him to obtain external financing from a
bank payable in five years. Upon applying for a loan, he notices that the bank is
charging an interest of 10%. He now wonders why the bank is charging interest.
ge
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CL- Financial forecast case
You are assigned as the financial advisor of the would-be entrepreneur James Udderlie. Write a 100-wordreport of the possibilities of James getting a loan for hisnew business.Type your report below (you may attach tables /appendices / calculations as you see fit). Be mindful ofthe word limit. Do not send PDF document formatreport. You may like to consider some template toframe your answer e.g., 5 "C" (condition / collateral /capacity / character/ capital; 4 Ps (Price / Product /Promotion / Place); or SWOT (Strength / Weakness /Opportunity / Threat).
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CR Business Mathematics Section 2CR / Simple Interest / Lesson 63
#
7. A 180-day simple interest loan in the amount of $16, 400 will be paid in full in the amount of $16, 851. Find the interest rate of the loan. Use the banker's method, which uses 360 days in a year.
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A country has a total population of 17,000.000 inhabitants. and internet users penetration rate of 50%.
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8:06
2/11
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Problem 4:03 (Algorithmic)
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union
invests in risk-free securities to stabilize income. The various revenueproducing investments together with annual rates of return are as follows:
Type of Loan/Investment Annual Rate of Return (%)
Automobile loans
8
Furniture loans
Other secured loans
Signature loans
Risk-free securities
The credit union will have $1.4 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and
investments.
.
10
11
. Risk-free securities may not exceed 30% of the total funds available for investment.
Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and signature loans).
• Furniture loans plus other secured loans may not exc…
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Activity
Event
Credit Payment Interest Principal Balance
$500.00
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$0.00
$500.00
Payment 1
$100.00
$7.40
$92.60
$407.40
Payment 2
$100.00
$6.23
$93.77
$313.63
Payment 3
$100.00
$4.79
$95.21
$218.42
Payment 4
$100.00
$3.02
$96.98
$121.44
Payment 5
$100.00
$1.86
$98.14
$23.30
Payment 6
$23.64
$0.34
$23.30
$0.00
Grand Total
$500
$523.64
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Study this payment schedule and answer the following questions.
Part A
How long will it take to pay off this credit card?
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Problem 1.
2.
Odette Electronics has 90 operating plants in seven southwestern states. Sales for
last year were P100 million, and the statement of financial position at year-end is
similar in percentage of sales to that of previous years (and this will continue in the
future). All assets (including fixed assets) and current liabilities will vary directly with
sales.
Statement of Financial Position
(in P millions)
Assets
Liabilities and Equity
Cash.....
P2
Accounts payable....
P15
Accounts receivable...
20
Accrued wages....
2
Inventory....
23
Accrued taxes.
8
Current assets..
P45
Current liabilities.
P25
Fixed assets...
40
Notes payable...
10
Ordinary shares.
15
Retained earnings...
35
Total assets..
P85
Total liabilities and equity..
P85
Odette's has an after-tax…
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Font
Title
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Paragraph
Styles
Ms. Rahat hails from a business family. She is considering starting a supermarket
with an investment of OMR 100,000. She has provided the following information
about two possible locations to start the supermarket. Her family had advised to
accept the project which recovers the funds within 3 years
Particulars
Supermarket at Maabela Supermarket at Al Ansab
100,000 OMR
Initial Investment
100,000 OMR
Cost of capital
10%
12%
Year 1
40,000
60,000
Year 2
50,000
40,000
40,000
20,000
Year 3
Evaluate the above offers using the investment evaluation techniques mentioned
below without using Excel and mentioning the steps..: All calculations steps are to
be provided
a- Pay-back period
b- Discounted Pay-back period
C- Internal Rate of Return (IRR)
d- Modified Internal Rate of Return (MIRR)
e- Based on the above analysis and based on the relevant literature review
about the techniques used to analyse the projects, which project…
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Business Math
Worksheet 8.2: Installment loans-Amount Financed Name
Background: An installment loan is repaid in several equal payments over a specified period of time.
Usually, you make a down payment to cover a portion of the cash price of the item. The amount you
finance is the portion of the cash price that you owe after making the down payment.
Amount Financed = Cash Price - Down Payment
Down Payment = Cash Price x Percent
1. Flora Quinton is buying a new air compressor for her auto repair shop. It sells
for $1,299. She makes a down payment of $199 and finances the remainder.
How much does she finance?
2. Beatriz Ruiz is buying new office furniture. It sells for a cash price of
$2,358.60. The down payment is $200.00. What is the amount financed
3. An office remodeling project costs $15,880. If you pay $3,680 towards the
project, how much do you finance?
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Discussion Prompt
Steve and Linda Hom live in Bartlesville, Oklahoma. Two years ago, they visited Thailand. Linda, a professional chef, was impressed with the cooking methods and
the spices used in Thai food. Bartlesville does not have a Thai restaurant, and the Homs are contemplating opening one. Linda would supervise the cooking, and
Steve would leave his current job to be the maître d'. The restaurant would serve dinner Tuesday through Saturday.
Steve has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four. Tables can be moved together for a large party. Linda is
planning on using each table twice each evening, and the restaurant will be open 50 weeks per year.
The Homs have drawn up the following estimates:
Average revenue, including beverages and
$45 per meal
desserts
Average cost of food
15 per meal
Chef's and dishwasker's salaries
5,100 per month
Rent (premises, equipment)
4,000 per month
Cleaning (linen, premises)
Replacement of dishes,…
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Study Excel Instructio x
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Case Study # 4 Excel Submission – Capital Budgeting Comprehensive Problem
Pinnacle Custom Home Builders purchased a 40 foot articulating boom lift three years ago for
$50,000. The equipment has been depreciated under the 5-year MACRS schedule (20%, 32%,
19%, 12%, 12% & 5%). The old equipment can be sold for $33,000.
Pinnacle is considering the purchase of a new 60 foot articulating boom lift that would allow
the company to complete nearly all of its construction projects without the need for costly rental
lifts. The new lift could be purchased for $105,000 and would also fall under the 5-year MACRS
depreciation schedule.
Assume the old and new equipment would provide the following operating gains (or losses)
over the next six years.…
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A WA Probability 1- Intro to Probabi X
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ASK YOUR TEACHER
PRACTICE ANOTHER
Shipping constitutes a large part of the budget for online retailers. One such retailer ships fragile items that occasionally
get broken and have to be replaced/re-shipped. Historically, 8% of these items have gotten broken during shipping.
(a)If an item is shipped, what is the probability that it does not get broken? In other words, what is P(not broken)? Express
your answer as a decimal rounded to two decimal places.
(b) If the retailer ships 4 separate items, what is the probability that none will be broken during shipping? Express your
answer as a decimal rounded to three decimal places.
Submit Answer
7 O 10:29
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Qsnhu login - Search Do Homework-3-1 M X X Home X TeMyLab Finance Pearso X P Introduction: The Time X S C A G Sign in https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=623722542&questionid=1&flushe... Shonda Curry 05/23/22 9:51 PM FIN-320-X5089 Principles of Finance 22EW5 = Homework: 3-1 MyFinanceLab Assignment Question 9, P5-18 (similar to) Save HW Score: 42%, 21 of 50 points O Points: 0 of 4 > (Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $320,000 Rolls-Royce Phantom. Jack currently has $37490 that he may invest. He has found a mutual fund with an expected annual return of 6 percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation. The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.)
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- C Access to this pag... 9 studymoose.com ... 8b Erylast Maps Translate Saved Help Sa sp 2022 i Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $ 3.80 $ 5,220 $ 630 Kitchen staff Utilities $ 0.05 $ 3.50 $ 1.50 Delivery person Delivery vehicle Equipment depreciation $ 540 $ 275 $ 1,830 $ 820 Rent Miscellaneous $ 0.15 In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,240 174 Pizzas Deliveries $ 17,420 $ 4,985 $5,281 $984 $609 $ 655 $ 275 $ 1,830 $ 954 Revenue Pizza ingredients…arrow_forwardRead the Chapter 15 Mini Case in Financial Management: Theory and Practice. Using complete sentences and academic vocabulary, please answer questions A and B. Using the mini case information, write a 250-500 word recommendation of the financial decisions you propose for this company based on an analysis of its capital structure and capital budgeting techniques. Explain why you chose this recommendation. Mini Case Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company’s EBIT was $120 million last year and is not expected to grow. PizzaPalace is in the 25% state-plus-federal tax bracket, the risk-free rate is 6 percent, and the market risk premium is 6 percent. The firm is currently financed with all equity, and it has 10 million shares outstanding. When you took your corporate finance course, your instructor stated that most firms’ owners would be financially better off if the firms used some debt. When you suggested this to…arrow_forwardtion □ [myUT 1 ovide your answer below: N Module 2.5: Understanding ALT Courses CURRENT OBJECTIVE Calculate the monthly payment and interest cost for a mortgage Question A mutual fund manager wishes to purchase a property that's been valued at $1.5 m. She has $200,000 in cash to use as a deposit, and she will require a mortgage for the rest. The annual interest rate on the loan is 2.45% and the loan is for 25 years. Calculate the monthly payments. Round your answer to the nearest cent. Do NOT round until you have calculated the final answer. X C knewton.com V B Module 2.5: Understanding & in N FEEDBACK 3 V- Content ALT MORE INSTRUCTION A + 2.1 FN 88 11 SUB SHIFT 4arrow_forward
- Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近arrow_forward1. Ch11 Financial Planning Exercise 1 BE eBook Chapter 11 Financial Planning Exercise 1 Calculate amount to invest to meet objectives Use Worksheet 11.1. Phoebe Jones is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works with, what she would really like to do is open a bookstore of her own. She would like to open her store in about seven years and figures she'll need about $ 45,000 in capital to do so. Given that Phoebe thinks she can make about 7 percent on her money, use Worksheet 11.1 to answer the following questions. a. How much would Phoebe have to invest today, in one lump sum, to end up with $45,000 in seven years? Round the answer to two decimal places. $ b. If she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in seven years? Round the answer to two decimal places. $ c. How about if she already has $5,000 socked away, how much would she…arrow_forwardformation - FIINA222 Class Kapoor, Personal Finance M MHE Reader A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae -> Restaurant spending, $130 Page 110 4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount. a. Assets $48,000; liabilities $12,800; net worth $ b. Assets $78,780; liabilities $ ; net worth $13,700. C. Assets $44,280; liabilities $12,265; net worth $ d. Assets $ : liabilities $38,374; net worth $53,795.arrow_forward
- Shapes E SmartArt Get Add-ins W Header Icons II Chart - Footer Wikipedia Links Online Videos 3D Models a. Screenshot - My Add-ins Comment Text O Page Number Box Illustrations Add-ins Media Comments Header & Footer Text Johnson & Johnson Corporation has plan to diversify their business. One is to open a fast-food restaurant and the other one is an opening of boutique. Both are located in Kuala Lumpur and both projects are forecast to be opened in June 2022. Fast-food restaurant has been given the name as J&J Restaurant and the initial investment is RM150,000. While the boutique has been given name as Jie & Joe ane the cost involved is about RM100,000. The cost of capital is 12%. As a finance manager you are forecasting both projects on the annual cash flow based on few methods. The cash flow are as follows: J&J Restaurant Annual Cash Flows: 1st year RM40,000, 2nd year increase to RM55,000, 3rd year increase by RM10,000, the 4th year is RM70,000 and the 5th year is RM85,000 Jie &Joe…arrow_forwardMatch the words with the term. Question 13 options: 12345 mortgage 12345 trade receivables 12345 equipment 12345 working capital 12345 inventory 1. factoring 2. warehouse financing 3. line of credit 4. term loan 5. buildingarrow_forwardBasic LUng LESSON 7 Introduction You now ask the banker why the bank is charging interest on your loan. The banker explains that borrowing money is not free because money can be used by the bank in other forms of investment to generate income. Therefore, the interest rate is being charged as a cost of borrowing to compensate the opportunity costs of the bank with regard to the cash loaned to you. Moreover, the interest rate is usually expressed as an annual percentage rate. Pre-activity Directions: Write your answers on a (Bond paper or Yellow Pad) using black ballpen only. AJ Santos is a small business owner that wanted to purchase a new piece of equipment to be used in operations. The new equipment would cost him Php. 150,000, an amount which would require him to obtain external financing from a bank payable in five years. Upon applying for a loan, he notices that the bank is charging an interest of 10%. He now wonders why the bank is charging interest. gearrow_forward
- earning Hub its itslearning G Select all that apply to x O Business Chapter 8 Fla x G Rent-to-own A wayne.itslearning.com/ContentArea/ContentArea.aspx?LocationID=D47229&LocationType=1&ElementID=1468926 okmarks ts e pa M 9 SC 4 R Home 田 Select all that apply to a saving account Your answer: emergency fund community stock owned by family members Lower amount of risk lower rate of returnarrow_forwardCL- Financial forecast case You are assigned as the financial advisor of the would-be entrepreneur James Udderlie. Write a 100-wordreport of the possibilities of James getting a loan for hisnew business.Type your report below (you may attach tables /appendices / calculations as you see fit). Be mindful ofthe word limit. Do not send PDF document formatreport. You may like to consider some template toframe your answer e.g., 5 "C" (condition / collateral /capacity / character/ capital; 4 Ps (Price / Product /Promotion / Place); or SWOT (Strength / Weakness /Opportunity / Threat).arrow_forwardCR Business Mathematics Section 2CR / Simple Interest / Lesson 63 # 7. A 180-day simple interest loan in the amount of $16, 400 will be paid in full in the amount of $16, 851. Find the interest rate of the loan. Use the banker's method, which uses 360 days in a year. All ch OR=5.5% OR=6.0% OR=4.5% OR=5.0% Type here to search F4 O 2: F5 01 F6 DELL F7 FB F9 F10 PREVIOUS 7 of 18 Amberly as20157 F12 NEXT 184& 10 5/arrow_forward
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