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Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2012 to $2,000 in 2013. Here is the December 31, 2012, balance sheet: Cash $ 100 Accounts payable $ 50 Accounts receivable 200 Notes payable 150 Inventories 200 Accruals 50 Net fixed assets 500 Long-term debt 400 Common stock 100 Retained earnings 250 Total assets $1000 Total liabilities and equity $1000 Booth's fixed assets were used to only 50% of capacity during 2012, but its current assets were at their proper levels in relation to sales. Spontaneous liabilities and all assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 7% and its payout ratio to be 70%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar. $
question 1below is the stockholders equity section of mission company. use this information to answer the following
Determine the best regression equation possible given the data in Table 1 and the fact that overhead is to be the dependent variable.
Compare the two numbers. What do you think is causing this difference and eExplain whether you believe the company has invested in the appropriate types of assets for this company
the government could take to encourage companies to conduct research and development and still control the costs of pharmaceuticals? How is it done in other nations
Kathy’s Blooms purchased a delivery van for $20,000. The company was given a $2,000 cash discount by the dealer, and paid $1,000 sales tax. Annual insurance on the van is $500. As a result of the purchase, by how much will Kathy’s Blooms increas..
Which of the following correctly presents the journal entries to record Lanier's equity in McCoy's net income and the receipt of dividends from McCoy?
What will be the net book value of the machine at the end of its 8 th yr of use before it is disposed of, under each depreciation method?
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A court found that a portion of that deficiency constituted civil fraud ($80,000). Compute total fraud and negligence penalties incurred. Explain your answer as necessary.
liquidation lifo inventory at the year end and effect on pretax income.nbspthe company is engaged in the manufacture
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