August 31, 202O, Cebu Pacific D1 000 % 10
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![6:03 PM
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On August 31, 2020, Cebu Pacific
Co. issued a 3,000, P1,000, 10%, 5
year bonds at 110 including accrued
interest. The bond was dated
January 1, 2020. Each bond is
entitled of 2 warrants where each
warrant gives the bondholder the
right to purchase 15 shares of
common stock, P100 par at P110.
On August 31, 2020, the prevailing
market interest rate for similar debt
without warrant is 12%.
On January 1, 2021, 40% of the
warrant was exercised.
Question: On December 31, 2020,
the interest expense to be
recognized upon payment of annual
interest is:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e2cffbb-0a04-4f96-8f69-0bb4a9008aef%2F34c3f8a0-a9dc-40a5-8728-15b64ccdb471%2F6d6iw8_processed.jpeg&w=3840&q=75)
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- 11:43 PM A O A ••. 253 B/s 10 FM for Policy (EP.April 2022.docx Phoenix Files Salamano Co. is a profitable company based in Malambo Constituency of Mambwe District of Zambia and it is fina ned by equity with a market value of ZMW200 million and by debt with a market value of ZMW 45 million. The co mpany is considering an investment project in the production of Kawawasha juice based on the folowing financial forecasts over a four-year period: Year 1 2 3 4 Sales and Production (Units' 000) 2,500 4,000 3,500 3,000 Selling Price per unit (ZMW) 11 12.5 13.5 14 Direct Materials cost (ZMWmillion) 6.3 8.87 10.53 12.36 Other variable costs (ZMW'milion) 4.18 6.62 8.15 8.57 Fixed Costs (ZMWmillion) 5.5 5.5 5.5 5.5 The initial investment cost is ZMW36 million. All the operating costs are stated at current prices. The fixed costs ar e expected to increase by 6% per year. Fixed costs include accounting depreciation amounting to ZMW600,000 per year. The current financing structure will not change…AaBbC AaBbCcI AaBbC AaBbCcl AaBbCc AaBbCcL O Find x A A E=EE E E Replace 1 Normal Title 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 Select ont Paragraph Styles Editing QUESTION 3 Penco Ltd. operates a defined benefit pension scheme for all of its employees. The closing balances on the scheme assets and liabilities, at 31 December 2016, were S60 million and $64 million respectively. Penco's actuary has provided the following information that has yet to be accounted for in the year-ended 31 December 2017. $m Current service cost 9. Past service cost 8. Contributions paid in Benefits paid out 6. 66 Fair value of plan asset 75 Fair value of plan liabilities 5% Yield on high quality corporate bonds Required Calculate the amounts that will appear in the financial statements of Penco for the year-ended 31 December 2017. D. Focus 28°C Sunny ^ D G EG 61 37 12152 NOVEMBER 2023 /FIN2203/FIN2063/FIN301 ASSIGNMENT You are required to: i. Select THREE(3) companies in different industries, listed under Bursa Malaysia, and make sure each company that you choose used different policies. Download any financial statement that is relevant for you for this assignment. ii. For each of the company, please identify the following: Permanent Asset Temporary Current Asset Permanent Sources of financing Temporary Sources of financing Spontaneuos Sources of financing iii. From the statements, justify your answer on working capital financing policies adopted by each company. Explain. iv. Assess for each of the companies's: a) Operating cycle. b) Cash conversion cycle. c) Annual savings if the operating cycle is reduced by 10 days.
- ch12 q2VitalSource Account Center: Use X chapter05/4/2/28/6/40/2/2/4 G Sign in - Google Accounts Determine the future value of the following single amounts: 1234 Invested Amount $15.000 20,000 30,000 50,000 Interest Rate 6% 8 12 4 No. of Periods 12 ខសង 10 20 12 QA Aug 13, 2023, 12:15 PM2020 S Change 9% Change 9.60% 2021 Gross operating revenue 1,870,188,069.00 1,706,358,991.00 163,829,078.00 Cost of operating revenue (1,245,049,430.00) (1,160,747,229.00) (84,302,201.00) 7.26% Gross profit 625,138,639.00 545,611,762.00 79,526,877.00 14.58% Other income 1,994,192.00 (1,994,192.00) -100.00% 625,138,639.00 547,605,954.00 77,532,685.00 14.16% Administrative, selling and distribution expenses: Administrative (427,856,374.00) (395,323,017.00) (32,533,357.00) 8.236 (68,301,238.00) (463,624,255.00) Selling and distribution (60,656,587.00) (488,512,961.00) 7,644,651.00 (24,888,706.00) -11.19% 5.37% Impairment recovered/(loss) on trade receivables Operating profit before finance costs and taxation 1,804,151.00 138,429,829.00 (2,673,129.00) 81,308,570.00 (868,978.00) 32.516 57,121,259.00 70.2556 Finance income - interest 1,333,200.00 1,133,753.00 199,447.00 17.5956 Finance costs (21,262,694.00) (20,270,767.00) (991,927.00) 4.896 Profit before taxation 118,500,335.00…
- Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 $ 4,521,520 $ 96,937 402, 204 802, 345 $ 1,301,486 $ 302, 591 Sales Year 2 Year 3 Year 4 Ycar $ 4,809,930 $ 5,011,350 $ 100,186 442,663 827, 847 $ 1,370,696 $ 328, 326 Cash Accounts receivable, net Inventory $5,445,280 $ 5,79 $ 102,668 423,537 $ 83,570 512,610 893,434 $ 1,489,614 $7 57 99 870,787 Total current assets $ 1,396,992 Current liabilities $ 1,55 $ 334,482 $ 329,322 $39 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage onswers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable, net Inventory Tatal…183 Exercise 5-7 The beginning and ending balances in each of the halance sheet accounts of the Mexico Company are as follows: Dec. 31, 2020 PI00,000 Dee. 31, 2019 Cash P260,000 Accounts reccivable Inventory Prepaid insurance Total current assets 180,000 360,000 400,000 50.000 P890,000 P1,200,000 460,000 30,000 P950,000 P1,500,000 Land Plant & equipment Accumulated depreciation 1,000,000 1.400.000 (400,000) P1.800,000 (500,000) P2,400,000 Total non-current assets Total assets P2,690,000 P3,350,000 Accounts payable Accrued operating expenses Interest payable Income taxes payabie P 300,000 200,000 P 260.000 132,000 20,000 122,000 P 642,000 30,000 150,000 P 572,000 700,000 Total current liabilities Bonds payable Common stock Retained earnings 600,000 800,000 648,000 1,100,000 978,000 Total liabilities & equity P2,690,000 P3,350,000 The forecast income statement for the Mexico Company for 2020 is resented below: Sales P2,500,000 Cost of sales Gross profit Operating expenses Income before…ye тин 6 Note Solve all insurance QNO! operation total P₂ Solve full 13 -A project capatalized for in depredade invested earn PSoroso assets will annual in 10 years 90009 Cost the income first esch Componey expects to earn is year, will cost The and mes maintenance faxes and full accurate a uniform of p19, 249 costs of 4% of the year. If the its capital Justify you 12% before income taxes. investment worthwhile? Answer
- Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 3 Year 5 $ 5,708,920 Sales $ 4,979,380 Cash Year 1 $4,591,750: $80,200 413,498 814,114 $ 1,307,812 $ 308,914 Accounts receivable, net Inventory Year 4 $5,434,060. $ 76,553 505,857 887,534 Year 2 $4,865,560 $ 106,666 417,361 873,932 $1,397,959 $ 340,884 $ 87,376 442,664 832,253 $67,970 565,864 908,890 $ 1,542,724 Total current assets. $ 1,362,293 $ 337,318 $ 1,469,944 $ 329,578 $ 407,641 Current liabilities Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales % Current assets Cash % Accounts…Hh1. AccountCH9 HW 5 points 2 On January 1 of this year, Skamania Company completed the following transactions (assume a 9% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Skipped eBook Print References a. Bought a delivery truck and agreed to pay $60,100 at the end of three years. b. Rented an office building and was given the option of paying $10,100 at the end of each of the next three years or paying $28,100 immediately. c. Established a savings account by depositing a single amount that will increase to $90,200 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 9 equal annual year-end payments of $40,100 to a retired employee (payments starting December 31 of this year). Required: a. What is the cost of the truck that should be recorded at the time of purchase? b. Which option for the office building results in the lowest present value? c. What single amount must be…
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