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Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered: (1) A minimum cash balance of $50,000 is desired. (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 10% of sales. (4) Inventories represent 12% of sales. (5) A new machine costing $90,000 will be acquired during 2020. Total deprecia- tion for the year...
Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The...
Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered. (1) A minimum cash balance of $49,500 is desired. (2) Marketable securities are expected to remain unchanged. B) Accounts receivable represent 10.1% of sales. (4) Inventories represent 12.1% of sales. (5) A new machine costing $90,200 will be acquired during 2020. Total depreciation for the year will be...
Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 20202020. The firm...
Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 20202020. The firm expects 20202020 sales to total $ 3 comma 000 comma 000$3,000,000. The following information has been gathered. (1) A minimum cash balance of $ 49 comma 600$49,600 is desired. (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 9.9 %9.9% of sales. (4) Inventories represent 11.9 %11.9% of sales. (5) A new machine costing $ 89 comma 500$89,500 will be acquired...
Integrative-Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and...
Integrative-Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial data are also available: (1) The firm has estimated that its sales for 2020 will be $900,400. (2) The firm expects to pay $35,300 in cash dividends in 2020. (3) The firm wishes to maintain a minimum cash balance of $31,800. (4) Accounts receivable represent approximately 19% of annual sales. Data...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.2 million. It wishes to...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.2 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.4%, Inventory; 18.4%; Accounts payable, 13.8%; Net profit margin, 3.3%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
i need all the blanks in both pictures please. thank you! Integrative-Pro forma statements Red Queen...
i need all the blanks in both pictures please. thank
you!
Integrative-Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial data are also available: (1) The firm has estimated that its sales for 2020 will be $900,100 (2) The firm expects to pay $34,000 in cash dividends in 2020. (4) Accounts receivable represent approximately 24% of annual sales. (5) The...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.2%, Inventory; 17.8%; Accounts payable, 14.5%; Net profit margin, 2.7%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.6 million. It wishes to...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.6 million. It wishes to analyze expected performance and financing needs for 2017, 2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 11.5%, Inventory;17.6%; Accounts payable;14.2%; Net profit margin; 2.9%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance of...
Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information...
Red Queen Restaurants wishes to prepare financial plans. Use
the financial statements and the other information provided here to
prepare the financial plans. The following financial data are also
available:
(1) The firm has estimated that its sales for 2020 will be
$900,600.
(2) The firm expects to pay $35,600 in cash dividends in
2020.
(3) The firm wishes to maintain a minimum cash balance of
$30,000.
(4) Accounts receivable represent approximately 21% of annual
sales.
(5) The firm's ending...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.2%, Inventory; 17.7%; Accounts payable, 14.1%; Net profit margin, 3.4%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered: (1) A minimum cash balance of $50,000 is desired. (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 10% of sales. (4) Inventories represent 12% of sales. (5) A new machine costing $90,000 will be acquired during 2020. Total deprecia- tion for the year...
Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered. (1) A minimum cash balance of $49,500 is desired. (2) Marketable securities are expected to remain unchanged. B) Accounts receivable represent 10.1% of sales. (4) Inventories represent 12.1% of sales. (5) A new machine costing $90,200 will be acquired during 2020. Total depreciation for the year will be...
Integrative-Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial data are also available: (1) The firm has estimated that its sales for 2020 will be $900,400. (2) The firm expects to pay $35,300 in cash dividends in 2020. (3) The firm wishes to maintain a minimum cash balance of $31,800. (4) Accounts receivable represent approximately 19% of annual sales. Data...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.2 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.4%, Inventory; 18.4%; Accounts payable, 13.8%; Net profit margin, 3.3%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
i need all the blanks in both pictures please. thank
you!
Integrative-Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided here to prepare the financial plans. The following financial data are also available: (1) The firm has estimated that its sales for 2020 will be $900,100 (2) The firm expects to pay $34,000 in cash dividends in 2020. (4) Accounts receivable represent approximately 24% of annual sales. (5) The...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.2%, Inventory; 17.8%; Accounts payable, 14.5%; Net profit margin, 2.7%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
Red Queen Restaurants wishes to prepare financial plans. Use
the financial statements and the other information provided here to
prepare the financial plans. The following financial data are also
available:
(1) The firm has estimated that its sales for 2020 will be
$900,600.
(2) The firm expects to pay $35,600 in cash dividends in
2020.
(3) The firm wishes to maintain a minimum cash balance of
$30,000.
(4) Accounts receivable represent approximately 21% of annual
sales.
(5) The firm's ending...
Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.5 million. It wishes to analyze expected performance and financing needs for 2021—2 years ahead. Given the following information, respond to parts a. and b. (1) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 12.2%, Inventory; 17.7%; Accounts payable, 14.1%; Net profit margin, 3.4%. (2) Marketable securities and other current liabilities are expected to remain unchanged. (3) A minimum cash balance...
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