Afn equation to forecast broussard additional funds

Assignment Help Other Subject
Reference no: EM132530838

Broussard Skateboard's sales are expected to increase by 25% from $7.6 million in 2016 to $9.50 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations.

Reference no: EM132530838

Questions Cloud

Moral criticisms of the market : This assignment requires you to read "Moral Criticisms of the Market" by Ken S. Ewert (found in the Reading & Study folder). Note that in his article,
What are the total number of valid sales : What are the total number of valid sales that comprise the $84,867,855 sales revenue shown on the trial balance as of 12/31/2017
Embryo project encyclopedia : Do you think forced sterilization of those deemed genetically inferior is an appropriate way to deal with the disease?
What is the net cash provided by financing activities : The following information relates to the Stockton Company: Bought equipment $5,000. What is the net cash provided by financing activities
Afn equation to forecast broussard additional funds : Broussard Skateboard's sales are expected to increase by 25% from $7.6 million in 2016 to $9.50 million in 2017. Its assets totaled $5 million at the end of 201
Washington farewell address analysis : An in-depth look at the U.S. Constitution and whether today's generations are applying the principles embedded in the Constitution in an appropriate manner.
Junior analyst to make valuation of adidas : We have been hired as a junior analyst to make valuation of ADIDAS. We are going to be analyzing. Your boss wants you to calculate the WACC.
What was Martins net increase in cash : Proceeds from issuance of common stock of $70,000 and Increase in accounts payable of $30,000. What was Martin's net increase in cash
Explain the strategies your business will use : Explain the strategies your business will use to achieve its goals set - Give a detailed description on how your business will promote itself.

Reviews

Write a Review

Other Subject Questions & Answers

  How would you explain the analysis of variance

How would you explain the analysis of variance, assuming that your audience has not had a statistics class before?

  Strategies of cultural competence to practice

How can community health nurses apply the strategies of cultural competence to practice - What is a possible barrier to applying the strategy/example chosen?

  How does each character cope with death or dying

In Movie American Beauty (1999), how does each character cope with death or dying.

  Reflect on the roles of clinical psychologists

Communicate a critical understanding of the key theoretical orientations in clinical psychology and their relationship to the formulation.

  Discuss how system cost reductions impact the quality

Discuss how system cost reductions impact the quality and efficiency of health care. Discuss how pay-for-performance affects health care providers and their customers

  Program that asks the user to input a month of the year

Write a simple program that reads in characters from the keyboard, and outputs to the screen on one line all three characters and the sum of their ASCII value

  Write the psychological effects of that particular crime

Write the psychological effects of that particular crime on its victims

  What are the four types of participant observation

What are the four types of participant observation? How you could use participant observation, and how you would manage pertinent ethical considerations.

  Was the training site conducive to learning

An assessment of the specific factors that contributed to the success or ineffectiveness of the training; for example, consider these questions.

  What is the crucial role that sketchbooks are in her work

Select two sketches such as the "Elephant" and share its story. The video Link Tala Madani: Sketchbooks | Art21 "Extended Play"

  Write a position about amazons impact on social structure

Write a position (opinion based on research to back your opinion) about Amazon's impact on the social structure, including in the impact on Criminal Justice.

  How would these relationships be important to your success

How would these relationships be important to your success? Please provide specific examples of relationships you plan to develop and why

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