![compatibility Mode] - Word Mckeown, Thomas Andrew AaBCC ABCD ABCD ABCD AaBCD ABCDE ABCD ABBCCDC AABaCODE ABCD Subtitle Subtle](http://img.homeworklib.com/questions/49fca270-6e98-11ea-9632-41116dc0f7fc.png?x-oss-process=image/resize,w_560)
Homework Answers
1. Current Income Statement & Balance Sheet:
Income Statement:
Sales (Given) 42700
Total Cost (B/f.) 37200
Net Income (Given) 5500
Balance Sheet:
|
Owner’s Equity (Includes retained Earning of 3575) |
27150 |
Total Assets |
48900 |
|
Long Term Debt |
18100 |
||
|
Current Liabilities (8.55% of sales) |
3650 |
||
|
TOTAL |
48900 |
TOTAL |
48900 (114.52% of sales) |
2. Proforma Income Statement & Balance Sheet:
Income Statement:
Sales 42700+14%= 48678
Total Cost (37200*48678/42700)= 42408
Net Income= 6270
Balance Sheet:
|
Owner’s Equity (27150+retained Earnings 6270*65%) |
31226 |
Total Assets |
55746 |
|
Long Term Debt (Balancing Figure) |
20358 |
||
|
Current Liabilities (8.55% of sales) |
4162 |
||
|
TOTAL |
55746 |
TOTAL |
55746 (114.52% of sales) |
3. Dividend Payout Ratio:
Net Income=5500, Dividend 1925
Dividend Payout Ratio= 1925/5500*100= 35%
4. Addition to Retained Earnings:
Net Income= 5500
Less: Dividend Paid= 1925
Current Retained Earnings= 3575
Proposed Income= 6270
Less: Dividend Paid @35% 2194
Proposed Retained Earnings =4076
5. External Financing Need:
Increase in Assets 55746-48900=6846
Less: Increase in Liab. 4162-3650=512
Less: Increase in retained Earnings= 4076
External Financing Need= 2258
Add Answer to:
compatibility Mode] - Word Mckeown, Thomas Andrew AaBCC ABCD ABCD ABCD AaBCD ABCDE ABCD ABBCCDC AABaCODE...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent?
dividend payout ratio? addion to retainex earnings? external financing needed? 4) The Pepper Mill is operating...
dividend payout ratio?
addion to retainex earnings?
external financing needed?
4) The Pepper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925 Assume the sales will grow at 14% Prepare the Current Income Statement and Balance Sheet: Imceme...
15. Use the below information to answer the following question. Income Statement For the Year Sales...
15. Use the below information to answer the following question. Income Statement For the Year Sales $42,700 Cost of goods sold 29,250 Depreciation 3,750 Earnings before interest and taxes $ 9,700 Interest paid 1,360 Taxable income $ 8,340 Taxes 2,840 Net income $ 5,500 Dividends $1,925 Balance Sheet End-of-Year Cash $1,320 Accounts receivable 3,780 Inventory 10,200 Total current assets $15,300 Net fixed assets 33,600 Total assets $48,900 Accounts payable $ 3,650 Long-term debt 18,100 Common stock ($1 par value) 15,000...
Question Completion Status: Income Statement For the Year Sales Cost of goods sold Depreciation Earnings before...
Question Completion Status: Income Statement For the Year Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income $42,700 29,250 3,750 $ 9,700 1,360 $ 8,340 Taxes 2,840 Net income $ 5,500 Dividends $1,925 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets $ 1,320 3,780 10,200 $15,300 33,600 $48,900 Net fixed assets Total assets $ 3,650 18,100 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings 15,000 12.150 End-of-Year Cash $...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent . The firm is operating at full capacity and no new debt or equity is issued. Income Statement Balance Sheet Sales 57.900 Current assets...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent. The firm is operating at full capacity and no new debt or equity is issued. Income Statement Balance Sheet Sales $7.900 Current assets $3,900...
what is the external financing needed? Vall Semester 2019 Esam 2-Chapters 4-s 4The Pepper Mill in...
what is the external financing needed?
Vall Semester 2019 Esam 2-Chapters 4-s 4The Pepper Mill in eperating at full capacity, Assets, cots, and current liabilies vary directly wih sales The current liahilies of 53650, long-em debe of $18,100, ewners equity of $27,150, and dividends of $1925 dividend paout ratio is constand The fiem has sales ef 542 700, net income of S5.5on, wal ts of S5,on Assume the sales will grow at 14% Prepare the Curent Income Statement and Balance...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent. The firm is operating at full capacity and no new debt or equity is issued. income statement Balance sheet Sales $7,900 Current assets $3,900...
Sales are expected to increase by 3 percent next year
TABLE 1 Sales $47,000Current assets of $ 5,100,Current liabilities $ 6,200, Cost 44,650Net fixed assets of $51,500Owners Equity 50, 400 Net Income 2,35056,600Owners Equ & Liab. 56,600Sales are expected to increase by 3 percent next year. Net Income, that is, Net Profit Margin (NPM) is 5% of Sales. The firm has no long term debt and does not plan on acquiring any. The firm does not pay any dividends and all assets, short term liabilities, and costs vary directly with...
Sales increase is 20% (growth rate of sales) Home Insert Draw Page Layout rormulas Calibri =...
Sales increase is 20% (growth rate of sales)
Home Insert Draw Page Layout rormulas Calibri = = = 11 A A QA - ♡ BI U 3 board Alignment Font E : x ✓ fx NO CHAPTER 3 ASSIGNMENT CHAPMAN, INC INCOME STATEMENT, BALANCE SHEET AND RELATED INFORMATION FOR THE YEAR ENDED AND AS OF DECEMBER 31, 2018 Sales $ 891,600 Assets Liabilities and owners' equity Costs 6321600 Current assets Current liabilities Other expenses 18.240 Cash $ 24280 Accounts payable...
The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent?
dividend payout ratio?
addion to retainex earnings?
external financing needed?
4) The Pepper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27,150, and dividends of $1,925 Assume the sales will grow at 14% Prepare the Current Income Statement and Balance Sheet: Imceme...
Question Completion Status: Income Statement For the Year Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income $42,700 29,250 3,750 $ 9,700 1,360 $ 8,340 Taxes 2,840 Net income $ 5,500 Dividends $1,925 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets $ 1,320 3,780 10,200 $15,300 33,600 $48,900 Net fixed assets Total assets $ 3,650 18,100 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings 15,000 12.150 End-of-Year Cash $...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent . The firm is operating at full capacity and no new debt or equity is issued. Income Statement Balance Sheet Sales 57.900 Current assets...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 percent. The firm is operating at full capacity and no new debt or equity is issued. Income Statement Balance Sheet Sales $7.900 Current assets $3,900...
what is the external financing needed?
Vall Semester 2019 Esam 2-Chapters 4-s 4The Pepper Mill in eperating at full capacity, Assets, cots, and current liabilies vary directly wih sales The current liahilies of 53650, long-em debe of $18,100, ewners equity of $27,150, and dividends of $1925 dividend paout ratio is constand The fiem has sales ef 542 700, net income of S5.5on, wal ts of S5,on Assume the sales will grow at 14% Prepare the Curent Income Statement and Balance...
Sales increase is 20% (growth rate of sales)
Home Insert Draw Page Layout rormulas Calibri = = = 11 A A QA - ♡ BI U 3 board Alignment Font E : x ✓ fx NO CHAPTER 3 ASSIGNMENT CHAPMAN, INC INCOME STATEMENT, BALANCE SHEET AND RELATED INFORMATION FOR THE YEAR ENDED AND AS OF DECEMBER 31, 2018 Sales $ 891,600 Assets Liabilities and owners' equity Costs 6321600 Current assets Current liabilities Other expenses 18.240 Cash $ 24280 Accounts payable...
Most questions answered within 3 hours.
-
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 14 minutes ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 59 minutes ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 1 hour ago -
Spacely Sprockets is evaluating the construction of a new plant
on land the company purchased for...
asked 2 hours ago -
1. Consider a linear regression model of y on K regressors and
an intercept.
(i) Describe...
asked 2 hours ago -
Enter a balanced equation for the reaction between hydrochloric
acid and sodium sulfite.
Express your answer...
asked 2 hours ago -
Give a regular expression describing the language
{x | x ∈ Σ* and x does not...
asked 2 hours ago -
Masses of 1.0 kg, 2.0 kg, and 3.0 kg are each separately subject
to a net...
asked 2 hours ago -
The mode of philosophical argumentation and thought. How do
philosophers think and write? What is important...
asked 2 hours ago -
At the beginning of the unit, you were asked whether you thought
it was appropriate or...
asked 2 hours ago -
Calculate the grams of carbon in 9.32 x 10+23 molecules of
benzene (C6H6).
asked 2 hours ago -
A 5-year Treasury bond has a 4.95% yield. A 10-year Treasury
bond yields 6.6%, and a...
asked 2 hours ago