Ending cash balance = Opening cash balance + Profit
Ending cash balance = $240,000 + (11% × $640,000)
Ending cash balance = $310,400
Philip Morris expects the sales for his clothing company to be $640,000 next year. Philip notes...
Philip Morris expects the sales for his clothing company to be $620,000 next year. Philip notes that net assets (Assets – Liabilities) will remain unchanged. His clothing firm will enjoy a 9 percent return on total sales. He will start the year with $220,000 in the bank. What will Philip's ending cash balance be? Ending cash balance
Financial Analysis and Planning Part2 114 Philip Morris expects the sales for his clothing company to be $550,000 next rowth and nancing 04-4) 2. ear. Philip notes that net assets (Assets - Liabilities) will remain unchanged. His clothing firm will enjoy a 12 percent return on total sales. He will start the year with $150,000 in the bank. What will Philip's ending cash balance be? 3. Galehouse Gas Stations Inc. expects sales to increase from $1,550.000 to owth and ancing...
20.00 points Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $600,000 to $1,200,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. a. Compute his likely cash balance or...
Eli Lilly is very excited because sales for his nursery and plant company are expected to double from $520,000 to $1,040,000 next year. Eli notes that net assets (Assets - Liabilities) will remain at 30 percent of sales. His firm will enjoy an 9 percent return on total sales. He will start the year with $120,000 in the bank and is bragging about the Jaguar and luxury townhouse he will buy. 9.1 points a. Compute his likely cash balance or...
Eli Lilly sales for his nursery and plant company is $560,000. Eli’s net assets (assets – liabilities) will be at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will begin the year with $120,000 in the bank. If there is no increase in sales and all other facts remain the same, what would be Eli’s ending cash balance? Ending cash
El Lilly is very excited because sales for his nursery and plant company are expected to increase from $700,000 to $1,560,000 next year. Ell's net assets (assets - liabilities) will remain at 50 percent of sales. His firm will enjoy an 9 percent return on total sales. He will begin the year with $120,000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear...
En Lilly is very excited because sales for his nursery and plant company are expected to increase from $570,000 to $1,170,000 next year. Eli's net assets (assets - liabilities) will remain at 50 percent of sales. His firm will enjoy an 5 percent return on total sales. He will begin the year with $100,000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear...
Eli Lilly is very excited because sales for his nursery and plant company are expected to increase from $570,000 to $1170,000 next year Eli's net assets (assels liabilities) will remain at 50 percent of sales His firm will enjoy an 5 percent return on total sales. He wil begin the year with $100.000 in the bank and is already bragging about the Jaguar and luxury townhouse he will buy a. Does his optimistic outlook for his cash position appear to...
Galehouse Gas Stations Inc. expects sales to increase from $1,700,000 to $1,900,000 next year. Galehouse believes that net assets (Assets – Liabilities) will represent 70 percent of sales. His firm has an 12 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will b. If the dividend payout is only 20 percent, what effect will this growth have on funds? The cash balance will...
Galehouse Gas Stations Inc. expects sales to increase from $1,520,000 to $1,720,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 35 percent of sales. His firm has an 9 percent return on sales and pays 50 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will b. If the dividend payout is only 35 percent, what effect will this growth have on funds? The cash balance will