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FIN 370 Week 1 Question and Problem Sets (Ch 1: Q

3,11 Ch 2: Q4,9, CH 3: Q4,7, Ch 4: Q 1,6)
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Question-and-Problem-Sets--(Ch-1:-Q-3,11--Ch-2:-Q4,9,-
CH-3:-Q4,7,-Ch-4:-Q-1,6)
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The information on the budget is a great tool to be used for evaluation
performances. The flexible budget can be used for monthly comparison
purposes. Also during the process that management is identifying the
activity index and the range of activity it will allow them to see the cost
of direct labor hours for that budget period.

• Ch. 1: Questions 3 & 11 (Concepts Review and Critical Thinking
Questions section) • Ch. 2: Questions 4 & 9 (Questions and Problems
section): Microsoft® Excel® template provided for Problem 4. • Ch.
3: Questions 4 & 7 (Question and Problems section) • Ch. 4: Questions
1 & 6 (Questions and Problems section): Microsoft® Excel® template
provided for Problem 6. Format your assignment consistent with APA
guidelines if submitting in Microsoft® Word. Click the Assignment Files
tab to submit your assignment. Ch. 1: Questions 3 & 11 (Concepts
Review and Critical Thinking Questions section) 3. Corporations [LO3]
What is the primary disadvantage of the corporate form of organization?
Name at least two advantages of corporate organization. 11. Goal of the
Firm [LO2] Evaluate the following statement: Managers should not
focus on the current stock value because doing so will lead to an
overemphasis on short-term profits at the expense of long-term profits.
Ch. 2: Questions 4 & 9 (Questions and Problems section): Microsoft®
Excel® template provided for Problem 4. Building an Income Statement
[LO1] Billy’s Exterminators, Inc., has sales of $817,000, costs of
$343,000, depreciation expense of $51,000, interest expense of $38,000,
and a tax rate of 35 percent. What is the net income for this firm? 3.
Dividends and Retained Earnings [LO1] Suppose the firm in Problem 2
paid out $95,000 in cash dividends. What is the addition to retained
earnings? 4. Per-Share Earnings and Dividends [LO1] Suppose the firm
in Problem 3 had 90,000 shares of common stock outstanding. What is
the earnings per share, or EPS, figure? What is the dividends per share
figure? 9. Calculating Additions to NWC [LO4] The 2014 balance sheet
of Steelo, Inc., showed current assets of $4,630 and current liabilities of
$2,190. The 2015 balance sheet showed current assets of $5,180 and
current liabilities of $2,830. What was the company’s 2015 change in net
working capital, or NWC? •Ch. 3: Questions 4 & 7 (Question and
Problems section) 4. Calculating Inventory Turnover [LO2] The Green
Corporation has ending inventory of $417,381, and cost of goods sold
for the year just ended was $4,682,715. What is the inventory turnover?
The days’ sales in inventory? How long on average did a unit of
inventory sit on the shelf before it was sold? 7. DuPont Identity [LO4] If
Roten Rooters, Inc., has an equity multiplier of 1.15, total asset turnover
of 2.10, and a profit margin of 6.1 percent, what is its ROE? Ch. 4:
Questions 1 & 6 (Questions and Problems section): Microsoft® Excel®
template provided for Problem 6. 1. Pro Forma Statements [LO1]
Consider the following simplified financial statements for the Yoo
Corporation (assuming no income taxes): 6. Calculating Internal Growth
[LO3] The most recent financial statements for Schenkel Co. are shown
here: Assets and costs are proportional to sales. Debt and equity are not.
The company maintains a constant 30 percent dividend payout ratio.
What is the internal growth rate?