CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's...
CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $500,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $8,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,200,000 in dividends next year and has a 4.0% net profit margin. What are the company's additional funds needed for the next year?
Homework Answers
Add Answer to:
CCC currently has sales of $30,000,000 and projects sales of
$40,500,000 for next year. The firm's...
CCC currently has sales of $24,000,000 and projects sales of $30,000,000 for next year. The firm's...
CCC currently has sales of $24,000,000 and projects sales of $30,000,000 for next year. The firm's current assets equal $6,000,000 while its fixed assets are $7,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $400,000. The firm presently has $2,400,000 in accounts payable, $1,400,000 in long-term debt, and $9,200,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $800,000 in dividends next...
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's...
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $9,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $11,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $700,000 in dividends next...
CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's...
CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's current assets equal $10,000,000 while its fixed assets are $11,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $5,000,000 in accounts payable, $2,000,000 in long-term debt, and $14,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,000,000 in dividends next...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Cu...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
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...
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...
Dale Decor sells home decor items through three distribution channels—retail stores, the Internet, and catalog sales....
Dale Decor sells home decor items through three distribution channels—retail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results from the latest year are as follows: Retail Stores Internet Catalog Sales Sales revenue $10,000,000 $4,000,000 $3,200,000 Variable expenses 4,000,000 1,500,000 1,800,000 Direct fixed expenses 4,500,000 1,000,000 1,200,000 Average assets 8,000,000 4,000,000 2,000,000 Required rate of return 12% 12% 12% Collapse question part (a) Calculate the current residual income for each distribution channel....
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast...
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell for $5,000 each. Your firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will your fixed costs be next year if you reach your goal? a) $6,400,000 b) $1,440,000 c) $9,600,000 d) $4,800,000 e) $8,000,000
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
CCC currently has sales of $24,000,000 and projects sales of $30,000,000 for next year. The firm's current assets equal $6,000,000 while its fixed assets are $7,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $400,000. The firm presently has $2,400,000 in accounts payable, $1,400,000 in long-term debt, and $9,200,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $800,000 in dividends next...
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $9,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $11,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $700,000 in dividends next...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
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...
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...
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell for $5,000 each. Your firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will your fixed costs be next year if you reach your goal? a) $6,400,000 b) $1,440,000 c) $9,600,000 d) $4,800,000 e) $8,000,000
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
Most questions answered within 3 hours.
-
What are the negative effects of abruptly stopping the use of
all fossil fuels? Give at...
asked 3 minutes ago -
Given that many conflict are the result of different parties having
different interests, is it possible...
asked 8 minutes ago -
A 750 g block can slide uniformly along the horizontal track
when a string attached to...
asked 11 minutes ago -
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 25 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 35 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 33 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 37 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 46 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 41 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 43 minutes ago -
what are the advantages of lanthanum hexaboride over tungsten
filament for electron emission
what is the...
asked 45 minutes ago -
Question 5
Your uncle offers to sell you his vintage Rolls Royce. He
suggests a payment...
asked 50 minutes ago