Business, 21.09.2019 04:20 dakotacsey03

The most recent financial statements for cornwall, inc., are shown here: income statement balance sheet sales $ 6,000 current assets $ 2,700 current liabilities $ 2,200 costs 4,950 fixed assets 9,100 long-term debt 3,750 taxable income $ 1,050 equity 5,850 taxes (34%) 357 total $ 11,800 total $ 11,800 net income $ 693 assets, costs, and current liabilities are proportional to sales. long-term debt and equity are not. the company maintains a constant 40 percent dividend payout ratio. as with every other firm in its industry, next year’s sales are projected to increase by exactly 10 percent. what is the external financing needed? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:40

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Answers: 3

Answer

Business, 22.06.2019 15:00

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Answers: 2

Answer

Business, 22.06.2019 19:20

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Answers: 1

Answer

Business, 22.06.2019 20:30

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.

Answers: 3

Answer

You know the right answer?

The most recent financial statements for cornwall, inc., are shown here: income statement balance s...

Questions