Homework Answers
Option 2 is right
EFN = Increase in current assets+Increase in non current assets-Increase in spontaneous liabilities -Retained earnings
= 42500*11%+45000-24650*11%-30000
= 16963.5
Add Answer to:
I need answer and solution
(1 of 10) A company has the following information for the...
For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales a...
For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales are forecasted to increase 12% next year, and all current assets and current liabilities vary proportionally with sales (i.e. they are spontaneous items), what is the forecasted amount of net working capital next year? $16,259 $18,210 O $18,373 $18,535
The Optical Scam Company has forecast a sales growth rate of 25 percent for next year....
The Optical Scam Company has forecast a sales growth rate of 25 percent for next year. Current assets, fixed assets, and short-term debt are proportional to sales. The current financial statements are shown here: INCOME STATEMENT Sales $ 32,000,000 Costs 26,309,400 Taxable income $ 5,690,600 Taxes 1,991,710 Net income $ 3,698,890 Dividends $ 1,479,556 Addition to retained earnings 2,219,334 BALANCE SHEET Assets Liabilities and Equity Current assets $ 7,360,000 Short-term debt $ 7,040,000 Long-term debt 2,240,000 Fixed assets...
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The cu...
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here: Income Statement Sales $25,380,000 Costs 21,635,000 $ 3,745,000 Taxable income 1,498,000 Taxes $ 2,247,000 Net income $ 786,450 Dividends Addition to retained earnings 1,460,550 Balance Sheet Liabilities and Owners' Equity Assets $ 5,200,000 Current assets $7,200,000 Short-term debt 6,000,000 Long-term debt Fixed assets 17,600,000 $ 3,200,000 Common stock 10,400,000 Accumulated retained earnings Total...
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The cu...
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here: Income Statement Sales $25,380,000 Costs 21,635,000 $3,745,000 Taxable income Taxes 1,498,000 Net income $2247,000 Dividends $786,450 Addition to retained earnings 1,460,550 Balance Sheet Liabilities and Owners' Equity Assets $ 5,200,000 Current assets $7,200,000 Short-term debt 6,000,000 Long-term debt Fixed assets 17.600,000 $3,200,000 Common stock 10,400,000 Accumulated retained earnings Total equity $13,600,000 Total assets...
Last year's financial statements for VanDiest Chemical are below. VanDiest is expecting sales to grow by...
Last year's financial statements for VanDiest Chemical are below. VanDiest is expecting sales to grow by 20 percent this year. Their tax rate is 25 percent and their dividend payout rate is expected to remain at 25 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales Interest expense, notes payable, and long-term debt will be unchanged. VanDiest is operating at full capacity Income Statement Last Year Sales 700,000 434,000 126,000 140,000 35,000...
Using S&S Air financial statements for 2018 below, prepare proforma (forecast) for 2019 financial statements and...
Using S&S Air financial statements for 2018 below, prepare proforma (forecast) for 2019 financial statements and calculate the External Financing Needed (EFN) for the company. S&S Air, Inc 2018 Income Statement Sales $46,298.115 Cost of goods sold 34,536,913 Other expenses 5,870.865 Depreciation 2074.853 $ 3.815.484 EBIT Interest 725.098 S 3,090.386 Taxable income 772 597 Taxes (21%) $ 2.317.799 Net income s 705,000 Dividends Add to retained earnings 1.612.789 S&S Air. Inc 2018 Balance Sheet Liabilities and Equity Assets Current assets...
The Optical Scam Company has forecast an 17 percent sales growth rate for next year. The...
The Optical Scam Company has forecast an 17 percent sales growth rate for next year. The current financial statements are shown below. Current assets, fixed assets, and short-term debt are proportional to sales. INCOME STATEMENT Sales $ 44,000,000 Costs 35,200,000 Taxable income $ 8,800,000 Taxes 3,080,000 Net income $ 5,720,000 Dividends $ 1,430,000 Additions to retained earnings $ 4,290,000 BALANCE SHEET Assets Liabilities and Equity Current assets $ 14,040,000 Short-term debt $ 10,560,000 Long-term debt 11,060,000 Fixed assets 37,000,000 Common...
I have used the suggested formulas I have found for this problem but the answers keep...
I have used the suggested formulas I have found for this problem but the answers keep coming out wrong. Please help! The Optical Scam Company has forecast a sales growth rate of 20 percent for next year. Current assets, fixed assets, and short-term debt are proportional to sales. The current financial statements are shown here: INCOME STATEMENT Sales $ 32,200,000 Costs 27,743,800 Taxable income $ 4,456,200 Taxes 1,559,670 Net income $ 2,896,530 Dividends $ 1,158,612 Addition to retained earnings...
p0 The Optical Scam Company has forecast a sales growth rate of 25 percent for next...
p0
The Optical Scam Company has forecast a sales growth rate of 25 percent for next year. The current financial statements are shown here Income Statement Sales Costs $ 32,000,000 26,309,400 Taxable income Taxes $ 5,690,600 1,991,710 Net income $3,698,890 Dividends Addition to retained earnings $ 1,479,556 2,219,334 Balance Sheet Assets Liabilities and Equity Current assets $ 7,360,000 Short-term debt Long-term debt $7,040,000 2,240,000 Fixed assets 18,560,000 Common stock Accumulated retained earnings $ 6,070,000 10,570,000 $ 16,640,000 $ 25,920,000 Total...
budget for "Next Year" using the"% of Sales" method. Construct a Sales Revenues" for "Next Year" are forecasted to be $1200. Use "Current Liabilities" as the &...
budget for "Next Year" using the"% of Sales" method. Construct a Sales Revenues" for "Next Year" are forecasted to be $1200. Use "Current Liabilities" as the "plug " This Year %of SalesNext Year S 1,000 500 500 200 300 100 200 Sales Revenues Cost of Goods Sold Gross Margin Operating Expenses Eamings Before Interest & Taxes Interest Expense Earnings Before Taxes Income Taxes (at 50%) Net Income S 100 S 950 100 50 S 1,000 Beginning Retained Earnings Net Income...
For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales are forecasted to increase 12% next year, and all current assets and current liabilities vary proportionally with sales (i.e. they are spontaneous items), what is the forecasted amount of net working capital next year? $16,259 $18,210 O $18,373 $18,535
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here: Income Statement Sales $25,380,000 Costs 21,635,000 $ 3,745,000 Taxable income 1,498,000 Taxes $ 2,247,000 Net income $ 786,450 Dividends Addition to retained earnings 1,460,550 Balance Sheet Liabilities and Owners' Equity Assets $ 5,200,000 Current assets $7,200,000 Short-term debt 6,000,000 Long-term debt Fixed assets 17,600,000 $ 3,200,000 Common stock 10,400,000 Accumulated retained earnings Total...
13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here: Income Statement Sales $25,380,000 Costs 21,635,000 $3,745,000 Taxable income Taxes 1,498,000 Net income $2247,000 Dividends $786,450 Addition to retained earnings 1,460,550 Balance Sheet Liabilities and Owners' Equity Assets $ 5,200,000 Current assets $7,200,000 Short-term debt 6,000,000 Long-term debt Fixed assets 17.600,000 $3,200,000 Common stock 10,400,000 Accumulated retained earnings Total equity $13,600,000 Total assets...
Last year's financial statements for VanDiest Chemical are below. VanDiest is expecting sales to grow by 20 percent this year. Their tax rate is 25 percent and their dividend payout rate is expected to remain at 25 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales Interest expense, notes payable, and long-term debt will be unchanged. VanDiest is operating at full capacity Income Statement Last Year Sales 700,000 434,000 126,000 140,000 35,000...
Using S&S Air financial statements for 2018 below, prepare proforma (forecast) for 2019 financial statements and calculate the External Financing Needed (EFN) for the company. S&S Air, Inc 2018 Income Statement Sales $46,298.115 Cost of goods sold 34,536,913 Other expenses 5,870.865 Depreciation 2074.853 $ 3.815.484 EBIT Interest 725.098 S 3,090.386 Taxable income 772 597 Taxes (21%) $ 2.317.799 Net income s 705,000 Dividends Add to retained earnings 1.612.789 S&S Air. Inc 2018 Balance Sheet Liabilities and Equity Assets Current assets...
p0
The Optical Scam Company has forecast a sales growth rate of 25 percent for next year. The current financial statements are shown here Income Statement Sales Costs $ 32,000,000 26,309,400 Taxable income Taxes $ 5,690,600 1,991,710 Net income $3,698,890 Dividends Addition to retained earnings $ 1,479,556 2,219,334 Balance Sheet Assets Liabilities and Equity Current assets $ 7,360,000 Short-term debt Long-term debt $7,040,000 2,240,000 Fixed assets 18,560,000 Common stock Accumulated retained earnings $ 6,070,000 10,570,000 $ 16,640,000 $ 25,920,000 Total...
budget for "Next Year" using the"% of Sales" method. Construct a Sales Revenues" for "Next Year" are forecasted to be $1200. Use "Current Liabilities" as the "plug " This Year %of SalesNext Year S 1,000 500 500 200 300 100 200 Sales Revenues Cost of Goods Sold Gross Margin Operating Expenses Eamings Before Interest & Taxes Interest Expense Earnings Before Taxes Income Taxes (at 50%) Net Income S 100 S 950 100 50 S 1,000 Beginning Retained Earnings Net Income...
Most questions answered within 3 hours.
-
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 37 minutes ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 19 minutes ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 28 minutes ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 1 hour ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 55 minutes ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 58 minutes ago -
Ozone in the atmosphere may react with nitric oxide.
From the following data, calculate the DG...
asked 1 hour ago -
Steven Long, a bond analyst, is analyzing a convertible bond.
The characteristics of the bond are...
asked 1 hour ago -
Michael Bordellet is
the owner/pilot of Stellar Air Service. The company flies a daily
round trip...
asked 1 hour ago -
Hi, I need to change the conversion where stack is into a class
stack and add...
asked 1 hour ago -
Consider the log logistic CDF F(t)=1/(1+(t/α)-β)
Find f(t), S(t), h(t), and H(t).
It can be shown...
asked 1 hour ago -
A gaseous mixture of methane and water vapor at
atmospheric pressure and 500 ° C is...
asked 1 hour ago