Which one of the following are you most apt to estimate first as you begin the...
Which one of the following are you most apt to estimate first as you begin the process of preparing pro forma statements?
Need for additional fixed assets
Current fixed costs
Desired dividend payments
Projected sales
Desired net income
Homework Answers
Answer is Projected Sales
Because sales is the first thing which company will estimate and if their is growth in Sales other variable will follow accordingly
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Which one of the following are you most apt to estimate first as you begin the...
You are getting ready to prepare pro forma statements for your business. What are you most...
You are getting ready to prepare pro forma statements for your business. What are you most apt to estimate first as you begin this process?
Long-term Financial Planning In-class Exercise The most recent financial statements for 7 Seas, I...
Long-term Financial Planning In-class Exercise The most recent financial statements for 7 Seas, Inc. are shown here Income Statement Balance Sheet Sales Costs Taxable income Taxes (35%) Net income $4,600 Current assets $6,084 Current liabilities S1,244 3840 Fixed assets 5,183 Long-term debt 2,487 Equity 760 266 Total $494 $11,267 Total 11,267 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm...
The financial planning process is least apt to Multiple Choice Involve Internal negotlations among divisions qua...
The financial planning process is least apt to Multiple Choice Involve Internal negotlations among divisions quantify senior manager's goals consider the development of future technologies quantify senior manager's goals consider the development of future technologies reconclle a company's activitles across diviSions consider factors that currently provide a negative rate of growth A firm's current level of operation (for example, at 90% of its operating capacity) can be used to project the firm's account value of when preparing pro forma financial...
The Loftis Company is preparing its pro forma financial statements for the next year using this...
The Loftis Company is preparing its pro forma financial statements for the next year using this model. The abbreviated financial statements are presented below: Sales Growth 20% Tax Rate 34% Income Statement Sales $780,000 Costs 415,000 Depreciation 135,000 Interest 68,000 Taxable Income $162,000 Taxes 55,080 Net Income $106,920 Dividends 30,000 Additional Retained Earnings $76,920 Balance Sheet Assets Liabilities and Owner's Equity Current Assets $240,000 Total Debt $880,000 Net Fixed $1,350,000 Owners Equity $710,000 $1,590,000 $1,590,000 Required: A. Calculate the Parameter...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $ 759,000 594,000 30,000 $ 135,000 Earnings before interest and taxes Interest paid 26,000 Taxable income Taxes (21%) $ 109,000 22,890 Net income...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets. and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $752,000 587,000 23,000 Earnings before interest and taxes Interest paid $ 142,000 19,000 Taxable income Taxes (24%) $ 123,000 29520 Net income $...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales $ 751,000 Costs 586,000 Other expenses 22,000 Earnings...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales $ 751,000 Costs 586,000 Other expenses 22,000 Earnings...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow...
The most recent financial statements for Crosby, Inc., follow.
Sales for 2018 are projected to grow by 30 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate will also remain constant. Costs, other expenses, current
assets, and accounts payable increase spontaneously with sales.
****What is the EFN? (Do not round
intermediate calculations. A negative answer should be indicated by
a minus sign.)
CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $746,000 581,000 17,000 Earnings...
Long-term Financial Planning In-class Exercise The most recent financial statements for 7 Seas, Inc. are shown here Income Statement Balance Sheet Sales Costs Taxable income Taxes (35%) Net income $4,600 Current assets $6,084 Current liabilities S1,244 3840 Fixed assets 5,183 Long-term debt 2,487 Equity 760 266 Total $494 $11,267 Total 11,267 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm...
The financial planning process is least apt to Multiple Choice Involve Internal negotlations among divisions quantify senior manager's goals consider the development of future technologies quantify senior manager's goals consider the development of future technologies reconclle a company's activitles across diviSions consider factors that currently provide a negative rate of growth A firm's current level of operation (for example, at 90% of its operating capacity) can be used to project the firm's account value of when preparing pro forma financial...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $ 759,000 594,000 30,000 $ 135,000 Earnings before interest and taxes Interest paid 26,000 Taxable income Taxes (21%) $ 109,000 22,890 Net income...
The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets. and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $752,000 587,000 23,000 Earnings before interest and taxes Interest paid $ 142,000 19,000 Taxable income Taxes (24%) $ 123,000 29520 Net income $...
The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes...
The most recent financial statements for Crosby, Inc., follow.
Sales for 2018 are projected to grow by 30 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate will also remain constant. Costs, other expenses, current
assets, and accounts payable increase spontaneously with sales.
****What is the EFN? (Do not round
intermediate calculations. A negative answer should be indicated by
a minus sign.)
CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $746,000 581,000 17,000 Earnings...
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