Fin 534 Complete Course Week 1 to Week 11 Essay

4715 Words Oct 22nd, 2014 19 Pages
FIN 534 Complete Course Week 1 to Week 11
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FIN534 Week 1 Discussion

* From the e-Activity, examine ethical behavior within firms in relation to financial management. Provide two (2) examples of companies that have been guilty of ethics-based malfeasance related to financial management and determine why their comeuppance was deserved.
* From the scenario, recommend two (2) actions that Trevose Fitness Center (TFC) could take in order to raise capital that will, in turn, enable it to reach its expansion goals. Defend your response. Support your recommendation with two (2) real-world examples of successful implementations of these
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Your boss has developed the following set of questions you must answer.

Income Statements and Balance Sheet

Balance Sheet | 2012 | 2013 | Cash | $9,000 | $7,282 | Short-term investments | 48,600 | 20,000 | Accounts receivable | 351,200 | 632,160 | Inventories | 715,200 | 1,287,360 | Total current assets | $1,124,000 | $1,946,802 | Gross fixed assets | 491,000 | 1,202,950 | Less: Accumulated depreciation | 146,200 | 263,160 | Net fixed assets | $344,800 | $939,790 | Total assets | $1,468,800 | $2,886,592 | | | | Liabilities and Equity | | | Accounts payable | $145,600 | $324,000 | Notes payable | 200,000 | 720,000 | Accruals | 136,000 | 284,960 | Total current liabilities | $481,600 | $1,328,960 | Long-term debt | 323,432 | 1,000,000 | Common stock (100,000 shares) | 460,000 | 460,000 | Retained earnings | 203,768 | 97,632 | Total equity | $663,768 | $557,632 | Total liabilities and equity | $1,468,800 | $2,886,592 | Income Statements | 2012 | 2013 | Sales | $3,432,000 | $5,834,400 | Cost of goods sold except depr. | 2,864,000 | 4,980,000 | Depreciation and amortization | 18,900 | 116,960 | Other expenses | 340,000 | 720,000 | Total operating costs | $3,222,900 | $5,816,960 | EBIT | $209,100 | $17,440 | Interest expense | 62,500 | 176,000 | EBT | $146,600 | ($158,560) | Taxes (40%) | 58,640 | -63,424 | Net income | $87,960 | ($95,136) | Other Data | 2012 | 2013 | Stock

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