Business, 06.10.2019 06:30 browndarrell085

Income statement balance sheet sales $ 7,900 current assets $ 3,900 current liabilities $ 2,100 costs 5,500 fixed assets 8,600 long-term debt 3,700 taxable income $ 2,400 equity 6,700 taxes (25%) 600 total $ 12,500 total $ 12,500 net income $ 1,800 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 15 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: 1

Show answers

Answers

Answer from: zay179

The external financing needed is $318

Explanation:

sales = 7900*1.15 = $9085

costs = 5500*1.15 = $6050

taxable income = $2760

taxes = 2760*25% = $690

dividends = 2070*40% = $828

retained income = net income - dividends

= $2070 - $828

= $1242

Total assets would be = $12500*1.15

= $14375

Total equity = $6700 + Addition to retained earnings

= $6700 + $1242

= $7942

Total current liabilities = $2100*1.15

= $2415

Total liabilities = Current liabilities + Long term debt

= $2415+ $3700

= $6115

Total liabilities and equity =Total liabilities+Equity

= $6115 + $7942

= $14057

Total assets = Total liabilities + Total equity

External financing needed = $14375 - $14057

= $318

Therefore, The external financing needed is $318.

Answer from: Quest

In line with other previous and contemporaneous proposals, in 1912 the meteorologist alfred wegener amply described what he called continental drift, expanded in his 1915 book the origin of continents and oceans and the scientific debate started that would end up fifty years later in the theory of plate tectonics.

Answer from: Quest

Hello! first of all this triangle contains a right angle, so therefore it is a right triangle.this triangle also has two sides that have an equal length. therefore it is an isosceles triangle as well.i hope this !

Another question on Business

Business, 22.06.2019 08:30

Blank is the internal operation that arranges information resources to support business performance and outcomes

Answers: 2

Answer

Business, 22.06.2019 12:30

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

Answers: 2

Answer

Business, 22.06.2019 20:00

River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%

Answers: 3

Answer

Business, 22.06.2019 20:30

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Answers: 3

Answer

You know the right answer?

Income statement balance sheet sales $ 7,900 current assets $ 3,900 current liabilities $ 2,100 cost...

Questions