Based on the following information for the Northlake Tools Company, what is EFN if sales are predicted to grow by 15 percent? Use the percentage of sales approach and assume the company is operating at full capacity. The payout ratio is constant. Use a 21 percent tax rate.NORTHLAKE TOOLS COMPANY2024 Income Statement (in millions)Sales$5,000.0Costs4,350.0Taxable income$650.0Taxes (21%)136.5Net income$513.5Dividends256.8Addition to retained earnings256.8NORTHLAKE TOOLS COMPANY2024 Balance Sheet (in millions)AssetsLiabilities & Owners’ EquityCurrent assets$1,200.0Current liabilities$700.0Net fixed assets3,000.0Long-term debt1,500.0Total assets$4,200.0Owners’ equity2,000.0Total liab. & equity$4,200.0Solution (Percentage of Sales Approach)

BRIGHTON CORPORATION2023 and 2024 Balance Sheets (in millions)Assets20232024Cash$120$145Accounts receivable310360Inventory420390Total current assets850895Net fixed assets1,9502,080Total assets$2,800$2,975Liabilities & Equity20232024Accounts payable$260$295Notes payable180210Total current liabilities440505Long-term debt900940Total equity1,4601,530Total liabilities & equity$2,800$2,975BRIGHTON CORPORATION2024 Income Statement (in millions)Sales$4,920Cost of goods sold3,150Depreciation310Earnings before interest and taxes (EBIT)1,460Interest paid230Taxable income1,230Taxes (21%)258Net income$972Calculate the following 2024 ratiosCurrent ratioCash ratioInventory turnoverReceivables turnover

Suppose Greenfield Industries issues a 20-year bond with a face value of $2,000 and an annual coupon rate of 8 percent. The bond makes annual coupon payments. If the required return (market interest rate) is 10 percent per year, what is the price of the bond today?

How does Nasdaq differ from the NYSE?

A company is considering a new project that is expected to generate cash inflows of $3,000 at the end of each of the first three years, $4,000 in year four, and $5,000 in year five. The initial investment required is $12,000. If the required rate of return is 12 percent, what is the project’s NPV?

Is it true that the only risk associated with owning a bond is that the issuer will not make all the payments?

A company makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale All sales are made on account and the following sales have been budgeted:   Sales September $150,000 October $170,000 November $160,000 Budgeted cash collections in November would be:

A company makes and sells a product called Product YZY. Each unit of Product YZY requires 3.5 hours of direct labor at the rate of $16.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for November. The company plans to sell 32,000 units of Product YZY in November. The finished goods inventories on November 1 and November 30 are budgeted to be 540 and 120 units, respectively. Budgeted direct labor costs for the month would be:

Saxson Corporation uses part XX70 in one of its products. The company’s Accounting Department reports the following costs of producing the 8,000 units of the part that are needed every year. Per unitDirect materials                  $8.10Direct labor                      $4.40Variable overhead                 $8.60Supervisor’s salary               $3.20Depreciation of special equipment  $2.60Allocated general overhead         $1.30An outside supplier has offered to make the part and sell it to the company for $27.60 each.If this offer is accepted, the supervisor’s salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier’s offer were accepted, only $3,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce part XX70 could be used to make more of one of the company’s other products, generating an additional segment margin of $16,000 per year for that product.a. Prepare a report that shows the financial impact of buying part XX70 from the supplier rather than continuing to make it inside the company. Use 2 columns or 2 separate rows of costs and bold your final answer for both the make and buy calculations when you have finished.  Show your calculations for the values you use.b. Which alternative should the company choose? Label the answer b. so your decision can be easily seen.

Explain how communication occurs between a motor neuron and a skeletal muscle fiber, including the role of calcium ions, synaptic vesicles, acetylcholine, and acetylcholinesterase.