Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below.
This year
Sales $ 10,000
Balance Sheet: Liabilities
Accounts payable $ 2,000
Notes payable $ 1,500
Accruals $ 1,800
Total current liabilities $ 5,300
Long-term bonds $ 2,000
Total liabilities $ 7,300
Common stock $ 1,500
Retained earnings $ 2,000
Total common equity $ 3,500
Total liabilities & equity $ 10,800
Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities?
Do not round intermediate calculations. Round your answer to the nearest dollar.
Spontaneous liabilities are accounts payable and accruals
Hence projected accounts payable are
Accounts payable = 2000*114%= 2280
Accruals = 1800*114%= 2052
Total Spontaneous liabilities= $4332
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year...
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 2,500 Accruals $ 1,800 Total current liabilities $ 5,800 Long-term bonds $ 2,000 Total liabilities $ 7,800 Common stock $ 2,000 Retained earnings $ 2,500 Total common equity $ 4,500 Total liabilities & equity $ 12,300 Sales are expected to grow by 12% next year. Assuming no change in operations from...
3)Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 2,500 Accruals $ 1,400 Total current liabilities $ 5,400 Long-term bonds $ 2,000 Total liabilities $ 7,400 Common stock $ 1,500 Retained earnings $ 2,000 Total common equity $ 3,500 Total liabilities & equity $ 10,900 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $10,000 Balance Sheet: Liabilities $1,500 Accounts payable Notes payable $1,500 2,000 Accruals 5,000 Total current liabilities Long-term bonds 2,000 $ 7,000 Total liabilities $2,000 Common stock Retained earnings 2,000 $ 4,000 Total common equity Total liabilities & equity $11,000 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do...
Smiley Corporation's current sales and partial balance sheet are shown below. This year $10,000 Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity $ 1,500 $ 1,500 $ 2,000 $ 5,000 $ 2,000 $ 7,000 $ 2,000 $ 2,000 $ 4,000 $11,000 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year,...
Smiley Corporation's current sales and partial balance sheet are shown below. This year $10,000 Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity $ 1,500 $ 1,500 $ 2,000 $ 5,000 $ 2,000 $ 7,000 $ 2,000 $ 2,000 $ 4,000 $11,000 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year,...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 2,000 Notes payable $ 1,500 Accruals $ 1,400 Total current liabilities $ 4,900 Long-term bonds $ 2,000 Total liabilities $ 6,900 Common stock $ 2,000 Retained earnings $ 2,500 Total common equity $ 4,500 Total liabilities & equity $ 11,400 Sales are expected to grow by 10% next year. Assuming no change in operations from this year to...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 2,000 Notes payable $ 1,500 Accruals $ 1,600 Total current liabilities $ 5,100 Long-term bonds $ 2,000 Total liabilities $ 7,100 Common stock $ 2,000 Retained earnings $ 2,500 Total common equity $ 4,500 Total liabilities & equity $ 11,600 Sales are expected to grow by 10% next year. Assuming no change in operations from this year to...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 2,000 Notes payable $ 1,500 Accruals $ 1,600 Total current liabilities $ 5,100 Long-term bonds $ 2,000 Total liabilities $ 7,100 Common stock $ 2,000 Retained earnings $ 2,500 Total common equity $ 4,500 Total liabilities & equity $ 11,600 Sales are expected to grow by 10% next year. Assuming no change in operations from this year to...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 3,000 Accruals $ 1,400 Total current liabilities $ 5,900 Long-term bonds $ 2,000 Total liabilities $ 7,900 Common stock $ 1,500 Retained earnings $ 2,500 Total common equity $ 4,000 Total liabilities & equity $ 11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to...
(12-3) Projected Spontaneous Liabilities Smiley Corporation’s current sales and partial balance sheet are shown here. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 2,000 Accruals $ 1,000 Total current liabilities $ 4,000 Long-term bonds $ 2,000 Total liabilities $ 6,000 Common stock $ 1,000 Retained earnings $ 3,000 Total common equity $ 4,000 Total liabilities &...