None Read the case study and answer the questions that follow:DREAMIT ELECTRONICS LTD: PROJECTIONS FOR 2024 AND 2025After posting excellent sales and net profit in the previous year Dreamit Electronics Ltd set itssights on growth and innovationas it celebrated its 10th anniversary in 2023. It has continually strived to become the leader inthe electronics industry in SouthAfrica. The company is also committed to being a good corporate citizen, as it strives to fulfilboth its economic and socialresponsibilities.The following reflects the financial position of th

Part 2:Explanation:Step 1: Analyze Historical Performance - Begin by examining the sales and profit…

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Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

ChapterC1: Eco Products, Inc

Section: Chapter Questions

Problem iA

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After posting excellent sales and net profit in the previous year Dreamit Electronics Ltd set its sights on growth and innovationas it celebrated its 10th anniversary in 2023. It has continually strived to become the leader in the electronics industry in SouthAfrica. The company is also committed to being a good corporate citizen, as it strives to fulfil both its economic and socialresponsibilities.The following reflects the financial position of the company on 31 December 2023:The carrying value of the fixed assets was R30 000 000 whilst the current assets comprised inventory of R9 400 000, accountsreceivable of R8 000 000 and cash of R1 600 000. The equity consisted of ordinary share capital, R17 000 000, and retainedearnings of R6 400 000. An amount of R22 000 000 was owed to Mesa Bank for a long-term loan. Trade creditors were owedR3 600 000.The following projections and proposals were made by Dreamit Electronics Ltd for 2024:The sales are expected to increase from R30 000 000 in…
After posting excellent sales and net profit in the previous year Dreamit Electronics Ltd set its sights on growth and innovationas it celebrated its 10th anniversary in 2023. It has continually strived to become the leader in the electronics industry in SouthAfrica. The company is also committed to being a good corporate citizen, as it strives to fulfil both its economic and socialresponsibilities.The following reflects the financial position of the company on 31 December 2023:The carrying value of the fixed assets was R30 000 000 whilst the current assets comprised inventory of R9 400 000, accountsreceivable of R8 000 000 and cash of R1 600 000. The equity consisted of ordinary share capital, R17 000 000, and retainedearnings of R6 400 000. An amount of R22 000 000 was owed to Mesa Bank for a long-term loan. Trade creditors were owedR3 600 000.The following projections and proposals were made by Dreamit Electronics Ltd for 2024:The sales are expected to increase from R30 000 000 in…
After posting excellent sales and net profit in the previous year Dreamit Electronics Ltd set its sights on growth and innovationas it celebrated its 10th anniversary in 2023. It has continually strived to become the leader in the electronics industry in SouthAfrica. The company is also committed to being a good corporate citizen, as it strives to fulfil both its economic and socialresponsibilities.The following reflects the financial position of the company on 31 December 2023:The carrying value of the fixed assets was R30 000 000 whilst the current assets comprised inventory of R9 400 000, accountsreceivable of R8 000 000 and cash of R1 600 000. The equity consisted of ordinary share capital, R17 000 000, and retainedearnings of R6 400 000. An amount of R22 000 000 was owed to Mesa Bank for a long-term loan. Trade creditors were owedR3 600 000.The following projections and proposals were made by Dreamit Electronics Ltd for 2024:The sales are expected to increase from R30 000 000 in…
MAGIC ELECTRONICS LTD: PROJECTIONS FOR 2024 AND 2025 After posting excellent sales and net profit in the previous year Magic Electronics Ltd set its sights on growth and innovation as it celebrated its 10th anniversary in 2023. It has continually strived to become the leader in the electronics industry. The company is also committed to being a good corporate citizen, as it strives to fulfil both its economic and social responsibilities. The following reflects the financial position of the company on 31 December 2023: The carrying value of the fixed assets was R30 000 000 whilst the current assets comprised inventory of R9 400 000, accounts receivable of R8 000 000 and cash of R1 600 000. The equity consisted of ordinary share capital, R17 000 000, and retained earnings of R6 400 000. An amount of R22 000 000 was owed to Ambi Bank for a long-term loan. Trade creditors were owed R3 600 000. The following projections and proposals were made by Magic Electronics Ltd for 2024: The sales…
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At a recent board meeting of Vodafone, the sales director said that the company is doing so well now given the £2.6billion pounds profit in 2022 that the primary focus of the company must be maximization of profits.Critically discuss if this should be a long-term goal for Vodafone and what other objectives might be important.
Based on the following information prepare the Pro Forma Statement of Financial Position as at 31 December 2024. (Ignore the investment opportunity for 2025.) Please include detailed steps and explain what it means to ignore the investment opportunity. STELLIES ELECTRONICS LTD: PROJECTIONS FOR 2024 AND 2025 After posting excellent sales and net profit in the previous year Stellies Electronics Ltd set its sights on growth and innovation as it celebrated its 10th anniversary in 2023. It has continually strived to become the leader in the electronics industry. The company is also committed to being a good corporate citizen, as it strives to fulfil both its economic and social responsibilities. The following reflects the financial position of the company on 31 December 2023: The carrying value of the fixed assets was R30 000 000 whilst the current assets comprised inventory of R9 400 000, accounts receivable of R8 000 000 and cash of R1 600 000. The equity consisted of ordinary share…
ClapTrap is a rapidly growing image messaging company. The company's growth strategy requires rapid reinvestment currently, with dividend payouts increasing as growth opportunities gradually disappear. You have the following financial information about ClapTrap: Earnings in the most recently concluded fiscal year were $$6.286.28. The company will retain all its earnings this year (from t=00 to t=11 ), reinvesting in new projects with a return on new investment of 44.044.0%. The next year (from t=11 to t=22 ), the company will retain 85.085.0% of its earnings. Return on new investment is expected to be 30.030.0%. In the following year (from t=22 to t=33 ), the company will retain 69.069.0% of its earnings with an expected return on new investment of 20.020.0%. The company will then enter a period of stable growth, retaining 49.049.0% of its earnings in perpetuity. a) What are the expected dividends per share for each period from t=11 to t=33 ? The expected dividends per share for…
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Quyox Sdn Bhd manufactures a special toy called Omma that are sold through a network of sales agents throughout Malaysia. The company sold 67,500 units of Omma in 2022 with equivalent to sales amounting to RM1,350,000. The sales agents are currently paid at 15% commission on sales. The following is the pro forma (projected) statement of profit or loss and other comprehensive income for the year ended 31 December 2022. Qu Yox Sdn Bhd Pro Forma Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 31 December 2022 Sales Cost of Goods Sold: Variable Fixed Gross Profit Operating expenses: Sales Commision Fixed Advertising Expenses General and Administrative Expenses: Rental expenses Administrative Salaries Expenses Insurance Expenses Net Income 675,000 135,000 202,500 33,750 27,000 67,500 20,250 1,350,000 810,000 540,000 351,000 189,000
According to the Oman Vision 2040, some of the major high technology companies will be established here. Those companies are already considered as business tycoon in many developed countries including China, Italy, Brazil and others. The setting by which this will happen is public, private partnership where local investors will come forward to invest. In order to achieve this objective, the company should ________________. a. Present their financial performance in easy and understandable way b. Bring reforms in the business structure of the country c. Increase jobs opening to the nationals d. All of the options
More and more companies are making serious efforts to measure their corporate social responsibility outcomes because A.such efforts are easy and cheap to implement and provide good public relations. b.the government has legislated that pollutants be eliminated by 2020. their shareholders and customers require it. c.they realize that their long term profitability and sustainability is closely linked to environmental and community well being just like the rest of us. A b or c? Save for Later

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