About the sales increase

Assignment Help Financial Management
Reference no: EM13762936

Sales Increase

Maggie's Muffins, Inc., generated $2,000,000 in sales during 2013, and its year-end total assets were $1,300,000. Also, at year-end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2014, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5%, and its payout ratio will be 40%. How large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate? Do not round intermediate steps. Round your answers to the nearest whole number.

sales increase by $? and that is by this % ?

Reference no: EM13762936

Questions Cloud

Prepare a powerpoint presentation on total rewards metrics : Prepare a PowerPoint Presentation on Total Rewards Metrics. The purpose is to "identify the role of matrices and its effectiveness in the evaluation of total rewards programs within the organization" Australian Benefits Review.
Write a program takes input from a user in the phone : Program takes input from a user in the phone of a phone number, 7 digits plus the hyphen. It then checks whether a user has entered Q to quit, if 0 or 555 are the begging sequence of inputs (if they are the program alerts the user to an error with..
Estimate of aging receivables : If Brandon uses 5% of credit sales as its estimating uncollectable accounts, how much will the credit be to the allowance for doubtful accounts if Brandon uses the estimate of aging receivables as its method of estimating uncollectable accounts?
The integrated automated fingerprint identification system : what are the steps for utilizing the IAFIS?
About the sales increase : Maggie's Muffins, Inc., generated $2,000,000 in sales during 2013, and its year-end total assets were $1,300,000. Also, at year-end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..
What is the net charge of following polypeptide : What is the net charge of following polypeptide LEFVYSCQ at pH 10.07 and 13.56?
A destabilizing mutation and stabilizing mutation : 1-Suggest a destabilizing mutation and stabilizing mutation to helix 201-216. Briefly explain why your proposed mutations are predicted to be destabilizing and stabilizing, respectively. Provide pictures of your two mutant proteins
Find the new portfolio beta : Assume that you manage a $10.00 million mutual fund that has a beta of 1.05 and a 9.50% required return. The risk-free rate is 2.20%. You now receive another $4.50 million, which you invest in stocks with an average beta of 0.65. What is the required..
Consumer sentiments in a positive direction : Do you know what are some active ways the government tries to turn consumer sentiments in a positive direction when the forecast on the news and in the actual economy looks bleak?

Reviews

Write a Review

Financial Management Questions & Answers

  Which firm will experience the highest return on equity

Firms R and S are similar firms in the same industry. Firms R and S have the same profit margin and total asset turnover when compared. However, Firm R's capital structure is 60% debt, 40% equity, and Firm S's capital structure is 30% debt, 70% equit..

  What would financial analyst be most justified in concluding

A firm's current ratio has steadily increased from 2009 to 2014, from 1.3 in 2011 to 3.9 in 2014. What would a financial analyst be most justified in concluding?

  Cemetery project will provide net cash inflow

The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". As a result, the cemetery project will provide net cash inflow of $104,000 for the firm during the first year, and the..

  About the common costs

Common costs- Are fixed costs that are not directly traceable to an individual product line. Normally not avoidable

  Assuming the interest of the only finance charge

Assuming the interest of the only finance charge, how much interest would be paid on a $5000 investment loan to be repaid in 12 in 36 monthly instalments of $166.10? What is the APR on this loan?

  What is the least you could pay to acquire a bill

A Treasury bill has a bid yield of 2.13% and an ask yield of 2.09%. The bill matures in 209 days. Assume a face value of $1,000. What is the least you could pay to acquire a bill?

  Able to buy a really cool new car

Bart Simpson, age 10, wants to be able to buy a really cool new car when he turns 15. His really cool car costs $16,000 today, and its cost is expected to increase 3 percent annually. Bart wants to make one deposit today (he can sell his mint-conditi..

  The financial management of organized health care

Personal thread, please comment on the financial management of organized health care delivery systems.

  Capital asset pricing model asserts that the expected return

The Capital Asset Pricing Model asserts that the expected return

  Explain what was the original annual rate of return

What was the original annual rate of return needed to reach your goal when you started the fund two years ago? With only $140,000 in the fund and 10 years remaining until your first child starts college, what annual rate of return would the fund ha..

  Explain the role of the us federal reserve the federal

describe how the u.s. financial markets impact the economy businesses and individuals.explain the role of the u.s.

  Chapter 7 what overall net income would be produced if the

what overall net income would be produced if the admission rate of the capitated group were reduced from the commercial

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd