Calculation of additional funds neededthe following is the

Reference no: EM13357008

Calculation of additional funds needed.

The following is the balance sheet for 2003 for Marbell Inc.

	Marbell Inc.
	Balance Sheet
	12/31/2003
Assets		Liabilities and Stockholders' Equity
Cash	$15,000	Accts. Payable	$90,000
Accts. Rec.	90,000	Notes payable (non-spontaneous)	30,000
Inventory	60,000	Accrued expenses	7,500
Current Assets	165,000	Current Liabilities	127,500
Fixed assets (non-spontaneous)	60,000	Common stock	75,000
		Retained earnings	22,500
Total assets	$225,000	Total Liabilities + S. E. Equity	$225,000

Sales for 2002 were $300,000. Sales for 2003 have been projected to increase by 20%. Assuming that Marbell Inc. is operating below capacity, calculate the amount of new funds required to finance this growth. Marbell has an 8% return on sales and 70% is paid out as dividends.

Reference no: EM13357008

Questions Cloud

Designing and preparing aqueous buffer solution with the ph : designing and preparing aqueous buffer solution with the ph indicated.ph3.50your buffer solution must have the capacity

Fundamentals of acids and bases1 water self ionizes to a : fundamentals of acids and bases.1. water self ionizes to a small extent creating equal concentrations of hydronium and

Fundamentals of chemistry1 hydrogen bonding innbsp water : fundamentals of chemistry.1. hydrogen bonding innbsp water contributes toa. a decreasednbsp boiling

Short question based on cash budgetinga compare lawrence : short question based on cash budgeting.a. compare lawrence sports use of cash budgeting to the purpose of cash

Calculation of additional funds neededthe following is the : calculation of additional funds needed.the following is the balance sheet for 2003 for marbell inc.nbspmarbell

Preparation of monthly income and expense plan and analysis : preparation of monthly income and expense plan and analysis of financial positiondonna and sherman terrel are preparing

International finance multiple choice questions1nbspnbsp : international finance multiple choice questions1.nbspnbsp companies typically want to participate in foreign direct

Evaluation of foreign currency exposure due to changes in : evaluation of foreign currency exposure due to changes in currency rates.suppose you are a british venture capitalist

Evaluation of foreign currency exposure due to changes in : evaluation of foreign currency exposure due to changes in currency rates.rolls-royce the british jet engine

User Account

All Pages

Calculation of additional funds neededthe following is the

Reference no: EM13357008

Reference no: EM13357008

Questions Cloud

Reviews

Write a Review

Corporate Finance Questions & Answers

Impact of the global economic crisis on business environment

Explain the short and the long-run effects on real output

Examine the requirements for measuring assets

Financial analysis report driven by rigorous ratio analysis

Calculate the value of the merged company

Stock market project

Write paper on financial analysis and business analysis

Intermediate finance

Average price-earnings ratio

Determine the financial consequences

Prepare a spread sheet model

Principles and tools for financial decision-making

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT