Show all work and analysis . Prepare in Microsoft ® Excel ® or Word .
• Ch . 1 : Questions 3 & 11 ( Concepts Review and Critical Thinking Questions section )
• Ch . 2 : Questions 4 & 9 ( Questions and Problems section ): Microsoft ® Excel ® template provided for Problem 4 .
• Ch . 3 : Questions 4 & 7 ( Question and Problems section )
• Ch . 4 : Questions 1 & 6 ( Questions and Problems section ): Microsoft ® Excel ® template provided for Problem 6 . Format your assignment consistent with APA guidelines if submitting in Microsoft ® Word . Click the Assignment Files tab to submit your assignment .
Ch . 1 : Questions 3 & 11 ( Concepts Review and Critical Thinking Questions section )
3 . Corporations [ LO3 ] What is the primary disadvantage of the corporate form of organization ? Name at least two advantages of corporate organization .
11 . Goal of the Firm [ LO2 ] Evaluate the following statement : Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits .
Ch . 2 : Questions 4 & 9 ( Questions and Problems section ): Microsoft ® Excel ® template provided for Problem 4 . Building an Income Statement [ LO1 ] Billy ’ s Exterminators , Inc ., has sales of $ 817,000 , costs of $ 343,000 , depreciation expense of $ 51,000 , interest expense of $ 38,000 , and a tax rate of 35 percent . What is the net income for this firm ? 3 . Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 2 paid out $ 95,000 in cash dividends . What is the addition to retained earnings ?