2. (12 points) The following is the income statement for Mattel Inc. ($ thousands) MATTEL INC. AND SUBSIDIARIES Consolidated Statement of Income For the year ended December 31, 2016 (in thousands) Net Sales $5,456,650 Cost of sales 2,902,259 Gross Profit 2,554,391 Advertising and promotion expenses 634,947 Other selling and administrative expenses 1,400,211 Operating Income 519,233 Interest expense 95,118 Interest (income) (9,144) Other non-operating (income), net 23,517 Income Before Income Taxes 409,742 Provision for income taxes 91,720 Net Income $ 318,022 Required: a. Assume that the company’s statutory tax rate is 37%. Compute the tax shield for 2016 and the tax rate on operating profit. b. What is the company’s net operating profit after tax (NOPAT) for 2016? c. Determine the net operating profit margin for the year.

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

As a project manager for a large construction company, shaun decided to make the performance appraisal process as painless as possible for his crew. he spent a considerable amount of time creating performance standards he felt were reasonable, and after six months' time, he scheduled individual appointments with each worker to discuss strengths and weaknesses and areas that needed improvement according to the standards he privately set. some employees were sent to vestibule training, and one even got a promotion with additional compensation. what did he fail to do correctly

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)