A picture of a pier was taken on a foggy day. For each lette…

Questions

A picture оf а pier wаs tаken оn a fоggy day. For each letter labeled on the right-hand side diagram below, indicate and justify your estimation of the optical depth at the position of each object.

Whаt is yоur Anumber? A12345678   Answer this questiоn оn the pаge provided neаr the end of the test Santa’s Sleigh Stockers 2024 financial statements are shown below.   Suppose 2024 sales are projected to be $(Your Values 123456-- [As all Anumbers start with zero, this number should be between 35,000 and 46,000]) in 2025.  Determine the additional funds needed.  (ONLY If the last number of your A number is ODD, Use this information for your problem )   Assume that the company was operating at 70% capacity in 2024, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as notes payable.  Also, assume that assets, spontaneous liabilities, and operating costs are expected to increase by the same percentage as sales.  Use the percent of sales method to develop a pro forma balance sheet and income statement for December 31, 2025.  Use an interest rate of 10 percent on the balance of debt at the beginning of the year to compute interest (cash pays no interest).    (ONLY If the last number of your A number is EVEN, use this information for your problem) Assume that the company was operating at FULL  capacity in 2024, that it cannot sell off any of its fixed assets, and that any required financing will be borrowed as notes payable.  Also, assume that assets, spontaneous liabilities, and operating costs are expected to increase by the same percentage as sales.  Use the percent of sales method to develop a pro forma balance sheet and income statement for December 31, 2025.  Use an interest rate of 8 percent on the balance of debt at the beginning of the year to compute interest (cash pays no interest).      Santa’s Sleigh Stockers 2024 Balance Sheet:   Cash $1,080 Accounts Payable $4,320 Short Term Investments 2,000 Accruals 2,880 Receivables 7,480 Notes payable 2,100 Inventories 8,000      Total current liabilities $9,300      Total current assets $18,560 Mortgage bonds 5,500 Net fixed assets 12,600 Common stock 4,500   Retained earnings 11,860 Total assets $31,160      Total liabilities and equity $31,160                           Santa’s Sleigh Stockers 2024 Income Statement   Sales $40,000 Operating costs 32,440      Earnings before interest and taxes $7,560 Interest 560      Earnings before taxes $7,000 Taxes (40%) 2,800 Net income $4,200 Dividends (50%) $2,100 Addition to retained earnings $2,100         . On Your Blank Paper - Complete a Pro Forma Income Statement and Balance Sheet USING THE PERCENT OF SALES TECHNIQUE  and answer these questions that Follow:   Sales Operating costs      Earnings before interest and taxes Interest      Earnings before taxes Taxes (40%)      Net income Dividends (50%)      Addition to retained earnings     Cash Accounts Payable Short Term Investments Accruals Receivables Notes payable Inventories      Total current liabilities      Total current assets Mortgage bonds Net fixed assets Common stock Retained earnings Total assets      Total liabilities and equity ANSWER THESE QUESTIONS A.  What is your A number digit and is it ODD or Even?   B.  What is the Percentage change in sales from 40,000 (the original) to the New Sales (based on your A number)  {The percent change in sales is = (new -old)/(old)}  C  What is the projected Value of EBIT for 2025? D.  What is the Projected value of Interest expense in 2025? E.  What is the Change in Retained Earnings projected for 2025 from the income statement? F.  What is the projected value for Current Assets in 2025? G.  What is the projected value for Total Assets in 2025? H.  What is the balance sheet value for Retained Earnings for 2025? I.  What is the value of Total Liabilities plus Owner's Equity in 2025? J.  What is the Additional Financing needed?   Remembering that the Formula for AFN is :  AFN=A* x [(S1-S0)/S0] -  L* x  [(S1-S0)/S0] - (M1)x(S1)x(1-payout ratio)  K.   IF using the formula, what would be the values for A* and L* of the formula? L.  What is the AFN using the formula?    

PICK Either A оr B, dо nоt work both!!   A.  (You will need your A Number here )     A 12345678    You will use A1234567 аnd аlso A78 The Stem Bolt compаny will order (the digests A1234567) units of the belted blister component.  The optimal safety stock (which is on hand) is 1500 units.  Each unit costs $2.  Inventory Carrying Costs are 20% of the price.   The cost to place an order is $(A 78). A1. What is the Economic Order Quantity? A2.  What is the maximum Inventory including the safety stock? A3. What is the average inventory including the safety stock? A4. How many orders will there be in a year? A5.  What is the Total Order Cost if ordering q* units? A6.  What is the Total Holding Cost if ordering q* units (and including the safety stock)? A7.  What is the Total Inventory Cost if ordering q* units (and including the safety stock)? A8.  Assuming a 365 day year, how many days between orders? (1 points each).   OR YOU MAY PICK QUESTION B: Picou Enterprises projects that cash outlays of $5,000,000 will occur uniformly throughout the year.  Picou plans to meet ist cash requirements by periodically selling marketable bonds from its portfolio.  The firm's marketable securities are invested to earn 7.25% and the cost per transaction of converting the securities to cash is $(A78 - the last 2 numbers of your Anumber).  B1.  Use the Baumol Model to determine the optimal transaction size for transfers from marketable securities to cash? B2.  What will be Picou's Average Cash Balance? B3.  How many transfers will Picou expect next year? B4.  What will be Picou's Total Annual Cost of maintaining cahs balances under this plan? (2 points each)