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(Answered) Principles of Finance Assignment


I am stuck on most of this. I can give definitions, but the professor would like more than that. Document Preview: Page 1 of 3 BUS 301? Principles of Finance Final Exam Section A (Answer all questions) Each question in Section A has 10 points 1-a) Rapid corporate growth in sales and profits can cause financing problems. Elaborate on this statement. 1-b) Discuss the advantage and disadvantage of level production schedules in firms with cyclical sales. 2). Describe in detail the three theories for describing the shape of the term structure of interest rates (the yield curve)? 3) Describe in detail 5 Cs of credit that are sometimes used by bankers and others to determine whether a potential loan will be repaid? 4-a) Commercial paper may show up on corporate balance sheets as either a current asset or a current liability. Explain this statement. 4-b) What are the advantages and disadvantages of commercial paper in comparison with bank borrowing at the prime rate? 5) Describe in detail the three factors that influence the required rate of return by investors? Page 2 of 3 Section B 1). (20 points) The Harmon Company manufactures skates. The company?s income statement for 2008 is as follows: HARMON COMPANY Income Statement For the Year Ended December 31, 2008 Sales (30,000 skates @$25)......................................................... $750,000 Less: Variable costs (30,000 skates at $7)................................. 210,000 Fixed costs............................................................................... 270,000 Earnings before interest and taxes (EBIT).................................... 270,000 Interest expense............................................................................. 170,000 Earnings before taxes (EBT)......................................................... 100,000 Income tax expense (35%)............................................................ 35,000 Earnings after taxes (EAT)............................................................ $ 65,000 Given this income statement, compute the following: a. Degree of operating leverage. b.... Attachments: Principles-of....pdf
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Principles of Finance Assignment

 


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