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BA 350 Week 1 Assignment Chapters 1 and 2 Questions
This archive of BA 350 Week 1 Assignment Chapters 1 and 2 Questions comprises:
Сhapter 1 Question 1.1, 1.3, 1.5, 1.8Chapter 2. Ch 02 P14 Build a ModelExcept for charts and answers that must be written, only Excel formulas that use cell references or functions will be accepted for credit. Numeric answers in cells will not be accepted.a. Cumberland Industries’ most recent sales were $455,000,000, operating costs (excluding depreciation) were equal to 85% of sales, net fixed assets were $67,000,000, depreciation amounted to 10% of net fixed assets, interest expenses were $8,550,000, the state-plus-federal corporate tax rate was 40% and Cumberland paid 25% of its net income out in dividends. Given this information, construct Cumberland’s income statement. Also calculate total dividends and the addition to retained earnings.b. Cumberland Industries’ partial balance sheets are shown below. Cumberland issued $10,000,000 of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total common equity, and total liabilities and equity.c. Construct the statement of cash flows for the most recent year.