Question

(NO SOLUTION NEEDED) just the final answer. Thank you A firm has sales of $4,098, net...

(NO SOLUTION NEEDED) just the final answer. Thank you

A firm has sales of $4,098, net income of $640, total assets of $14,700, and total debt of $10,600. Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,969. What is the amount of the external financing needed?

0 1
Add a comment Improve this question Transcribed image text
Answer #1

14,700 AFN (A/SO)AS-(L/SOAS-MS1(RR) A- Assets tied directly to sales L-spontaneous liabilities that are affected by sales | S

*Please rate thumbs up

Add a comment
Know the answer?
Add Answer to:
(NO SOLUTION NEEDED) just the final answer. Thank you A firm has sales of $4,098, net...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Mark has sales of $4,650 net income of $490, total assets of $5,820, and total debt...

    Mark has sales of $4,650 net income of $490, total assets of $5,820, and total debt of $2,760. Assets and costs are proportional to sales. Debt and equity are not. No dividends or taxes are paid. Next year's sales are projected to be $5,487. What is the amount of the external financing needed?

  • What is the external financing needed ?

    The most recent financial statements for Cooper, Inc., are shown here (assuming no income taxes) ; Sales $5,700 ,costs 3,820 ,Net income $1,880 ,Assets $14.100 , Total $14.100 ,  Debt $ 6,300 , Equity 7,800 , Total $14.100Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $6,669. What is the external financing needed? 

  • REFER The most recent financial statements for Reply, Inc., are shown here: oneet Income Statement Sales...

    REFER The most recent financial statements for Reply, Inc., are shown here: oneet Income Statement Sales $ 23,700 Costs 14.400 Assets Balance Sheet $ 55,200 Debt Equity $20,400 34,800 Taxable income $ 9,300 Total $ 55,200 Total $55,200 Taxes (40%) 3,720 Net income $ 5,580 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,800 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be...

  • The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement...

    The most recent financial statements for Marpole Inc., are shown here (assuming no income taxes): Statement of Comprehensive Income Sales $ 6,500 Costs 4,610 Net income $ 1,890 Assets Statement of Financial Position $ 26,500 Debt Equity $ 26,500 Total $12,500 14,000 $26,500 Total Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $7,150. What is the external financing needed? (Do not round intermediate calculations and...

  • The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11.900 Balance...

    The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11.900 Balance Sheet Current Current liabilities Long-term Fixed assets 10,600 debt assets $6,000 $ 3,600 Costs 8,500 5,100 Taxable income $3,400 Equity 7,900 Taxes (24%) 816 Total $16,600 Total $16,600 Net income $2,584 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. As with every other firm in its industry,...

  • LL Companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total...

    LL Companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. Assets and costs are proportional to sales. Debt and equity are not. A dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $10,584. What is the amount of the external financing need?

  • The most recent financial statements for Horn, Inc. are show below (assume no income taxes.)

    The most recent financial statements for Horn, Inc. are show below (assume no income taxes.) Assets and costs are proportional to sales. Debt and equity are not. Not dividends are paid. Next year's sales are projected to be $8.968. What is the external financing needed (EFN)? Income Statement Balance Sheet Sales $7,600 Assets $21,700 Debt $9,100 Costs $5,180 Equity $12,600 Net Income $2,420 Total $21,700 Total $21,700

  • The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance...

    The most recent financial statements for Heine, Inc., are shown here: Income Statement Sales Costs Balance Sheet $ 26,900 18,800 $ 63,700 $ 27,900 35,800 Assets Debt Equity $ 63,700 $ 8,100 $ 63,700 Total Taxable income Total Taxes (40%) 3,240 $ 4,860 Net income Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be...

  • The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Balance...

    The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales Costs Balance Sheet $29,800 Assets $70,800 Debt $34,600 Equity 36,200 18,250 $11,550 Total $70,800 Total $70,800 income Taxes (22%) 2541 Net income $ 9,009 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,972. What is the external financing needed?...

  • The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $39,000 Costs...

    The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $39,000 Costs 26.700 Balance Sheet Assets $142,000 Debt Equity $ 40,500 101,500 Taxable income $ 12,300 Total $142,000 Total $142,000 Taxes (22%) 2,706 Net income $ 9,594 Assets and costs are proportional to sales, debt and equity are not. A dividend of $3,150 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $43,290. What is the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT