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?