At year-end 2018, wallace landscaping’s total assets were $2.00 million, and its accounts payable were $395,000. sales, which in 2018 were $2.5 million, are expected to increase by 25% in 2019. total assets and accounts payable are proportional to sales, and that relationship will be maintained. wallace typically uses no current liabilities other than accounts payable. common stock amounted to $435,000 in 2018, and retained earnings were $375,000. wallace has arranged to sell $160,000 of new common stock in 2019 to meet some of its financing needs. the remainder of its financing needs will be met by issuing new long-term debt at the end of 2019. (because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) its net profit margin on sales is 3%, and 60% of earnings will be paid out as dividends. what was wallace's total long-term debt in 2018? do not round intermediate calculations. round your answer to the nearest dollar. $ what were wallace's total liabilities in 2018? do not round intermediate calculations. round your answer to the nearest dollar. $ how much new long-term debt financing will be needed in 2019? (hint: afn - new stock = new long-term debt.) do not round intermediate calculations. round your answer to the nearest dollar. $

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

If you miss two payments on a credit card what is generally the penalty

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.