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Discussion 1 Long-term Decision Making 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 va
Discussion 1 Long-term Decision Making 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. Discussion 2   Responsibilities in Management Accounting Review the rights and responsibilities of Certified Management Accountants: http://www.imanet.org/PDFs/Public/CMA/RIghts_Responsibility_CMA.pdf What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?
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ies in Management Accounting Review the rights and responsibilities of Certified Management Accountants: http://www.imanet.org/PDFs/Pub...(47 more words & 1 attachments).
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A furniture manufacturer specializes in wood tables. The tables sell for 65$ and incur $20 in variable costs. The company has $2,000 in fixed costs per month. Gebler Company sells a product for $7
A furniture manufacturer specializes in wood tables. The tables sell for 65$ and incur $20 in variable costs. The company has $2,000 in fixed costs per month.
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Tampa Manufacturing, an established producer of printing equipment, expects its sales to remain flat for the next 3 to 5 years because of both a weak economic outlook and an expectation of little new
Tampa Manufacturing, an established producer of printing equipment, expects its sales to remain flat for the next 3 to 5 years because of both a weak economic outlook and an expectation of little new printing technology development over that period. On the basis of this scenario, the firms board has instructed its management to institute programs that will allow it to operate more efficiently, earn higher profits, and, most important, maximize share value. In this regard, the firms chief financial officer (CFO), Jon Lawson, has been charged with evaluating the firms capital structure. Lawson believes that the current capital structure, which contains 10% debt and 90% equity, may lack adequate financial leverage. To evaluate the firms capital structure, Lawson has gathered the data summarized in the following table on the current capital structure (10% debt ratio) and two alternative capital structures A (30% debt ratio) and B (50% debt ratio) that he would like to consider. Capital Structure a Current A B Source of capital (10% debt) (30% debt) (50% debt) Long- term debt $1,000,000 $3,000,000 $5,000,000 Coupon interest rate b 9% 10% 12% Common stock 100,000 shares 70,000 shares 40,000 shares Required return on equity, rs c 12% 13% 18% a These structures are based on maintaining the firms current level of $ 10,000,000 of total financing. b Interest rate applicable to all debt. c Market- based return for the given level of risk. Lawson expects the firms earnings before interest and taxes (EBIT) to remain at its current level of $ 1,200,000. The firm has a 40% tax rate. To Do a. Use the current level of EBIT to calculate the times interest earned ratio for each capital structure. Evaluate the current and two alternative capital structures using the times interest earned and debt ratios. b. Prepare a single EBIT EPS graph showing the current and two alternative capital structures. c. On the basis of the graph in part b, which capital structure will maximize Tampas earnings per share (EPS) at its expected level of EBIT of $ 1,200,000? Why might this not be the best capital structure? d. Using the zero-growth valuation model given in the following Equation: Po= EPS/rs Find the market value of Tampas equity under each of the three capital structures at the $1,200,000 level of expected EBIT. e. On the basis of your findings in parts c and d, which capital structure would you recommend? Why?
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Flexible Budgets Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using
Flexible Budgets Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?
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et?Flexible Budgets Flexible budgets provide d...(1637 more words & 0 attachments).
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Issues in Standard Costs and Budgeting Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results
Issues in Standard Costs and Budgeting Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.
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ee.article. When evaluating performance, many organizations comp...(1442 more words & 1 attachments).
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1. Comprehensive budgeting The balance sheet of Watson Company as of December 31, 20X1, follows. WATSON COMPANY Balance Sheet December 31, 12X1 Assets Cash $4,595 Accounts receivable 10,00
1. Comprehensive budgeting The balance sheet of Watson Company as of December 31, 20X1, follows. WATSON COMPANY Balance Sheet December 31, 12X1 Assets Cash $4,595 Accounts receivable 10,000 Finished goods (575 units x $7.00) 4,025 Direct materials (2,760 units x $0.50) 1,380 Plant & equipment $50,000 Less: Accumulated depreciation 10,000 40,000 Total assets
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