Reference no: EM132699355
At year-end 2016, total assets for Arrington Inc. were $2 million and accounts payable were $390,000. Sales, which in 2016 were $3 million, are expected to increase by 25% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $360,000 in 2016, and retained earnings were $350,000. Arrington plans to sell new common stock in the amount of $105,000. The firm's profit margin on sales is 8%; 35% of earnings will be retained.
-What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent.
-How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your intermediate calculations. Round your answer to the nearest cent. (Hint: AFN - New stock = New long-term debt.)
|
Discuss about the organ donation and transplantation
: Select a topic related to one of the following current medical ethics issues: Organ Donation and Transplantation, Access to Health Care.
|
|
Design a machine that will coach the novice gambler
: Design a machine that will coach the novice gambler to play with the best strategy against the "house" in a traditional card game: single-deck Blackjack
|
|
Effects of electronic transactions and banking
: What are the effects of electronic transactions and banking on the industry and/or monetary policy?
|
|
Discuss about the interest-based conflict
: An interest-based (also called an "integrative") approach takes into consideration any underlying needs, wants, values, and goals of all parties.
|
|
Arrington total liabilities in 2016
: At year-end 2016, total assets for Arrington Inc. were $2 million and accounts payable were $390,000. Sales, which in 2016 were $3 million, are expected
|
|
How does the innovation impact value-based healthcare
: What would you create, and why? What problem does this innovation solve? How does this innovation impact value-based healthcare?
|
|
Discuss the benefits and composition of steering committee
: HARDA Manufacturers is still designing and developing applications for its new system. Discuss the benefits and the composition of this steering committee
|
|
Determine whether john arrived at the appropriate conclusion
: Based on the results of the testing of controls outlined above, determine whether John has arrived at the appropriate conclusion
|
|
What actions could the nurse take at the given point
: If the nurse knows of Mr. Wilsons' plan for rational suicide, would the nurse be obligated to intervene? If so, what actions could the nurse take at this point?
|