Business, 18.09.2019 16:30 montgomerykarloxc24x
Garlington technologies inc.'s 2016 financial statements are shown below: balance sheet as of december 31, 2016cash $ 180,000 accounts payable $ 360,000receivables 360,000 notes payable 156,000inventories 720,000 line of credit 0total current assets $1,260,000 accruals 180,000fixed assets 1,440,000 total current liabilities $ 696,000common stock 1,800,000retained earnings 204,000total assets $2,700,000 total liabilities and equity $2,700,000income statement for december 31, 2016sales $3,600,000operating costs 3,279,720ebit $ 320,280interest 18,280pre-tax earnings $ 302,000taxes (40%) 120,800net income 181,200dividends $ 108,000suppose that in 2017 sales increase by 5% over 2016 sales and that 2017 dividends will increase to $174,000. forecast the financial statements using the forecasted financial statement method. assume the firm operated at full capacity in 2016. use an interest rate of 11%, and assume that any new debt will be added at the end of the year (so forecast the interest expense based on the debt balance at the beginning of the year). cash does not earn any interest income. assume that the all new-debt will be in the form of a line of credit. round your answers to the nearest dollar. do not round intermediate calculations. garlington technologies inc. pro forma income statementdecember 31, 2017sales $operating costs $ebit $interest $pre-tax earnings $taxes (40%) $net income $dividends: $addition to re: $garlington technologies inc. pro forma balance statementdecember 31, 2017cash $receivables $inventories $total current assets $fixed assets $total assets $accounts payable $notes payable $accruals $total current liabilities $common stock $retained earnings $total liabilities and equity $
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Business, 22.06.2019 08:10
Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?
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Business, 22.06.2019 08:30
Hi inr 2002 class! i just uploaded a detailed study guide for this class. you can check-out a free preview by following the link below feel free to reach-out to me if you need a study buddy or have any questions. goodluck!
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Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
Garlington technologies inc.'s 2016 financial statements are shown below: balance sheet as of decemb...
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