Markus company's common stock sold for $3.75 per share at the end of this year. the company paid a common stock dividend of $0.60 per share this year. it also provided the following data excerpts from this year's financial statements: ending beginning balance balance cash accounts receivable inventory current assets total assets current liabilities total liabilities common stock, $1 par value total stockholders' equity $ 41,000 $ 36,200 $ 74,000 $ 58,700 $ 64,900 $ 74,000 $ 179,900 $ 168,900 590,000 $624,000 $ 70,500 $ 63,000 $160,000 $144,000 $ 139,000 $ 139,000 430,000 $ 480,000 total liabilities and stockholders' equity $ 590,000 $ 624,000 this year sales (all on account) 865,000 $ 501,700 363,300 net operating income $206,250 $ 11,000 $ 136,675 cost of goods sold gross margin interest expense net income

Kinkead inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be −$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.