Determine the amount of additional financing needed

Assignment Help Accounting Basics

Reference no: EM13130894

Consider the Industrial Supply Company example again. Assume that the company plans to maintain its dividend payments at the same level in 2009 as in 2008. Also assume that all of the additional financing needed is in the form of short-term notes payable. Determine the amount of additional financing needed and pro forma financial statements (that is, balance sheet, income statement, and selected financial ratios) for 2009 under each of the following conditions:

Increase in Sales Increase in Expenses
a. $3,750,000 $3,750,000
b. $3,000,000 $2,800,000
c. $4,500,000 $4,000,000

Reference no: EM13130894

Questions Cloud

How much heat is evolved : How much heat is evolved in converting 1.00 mol of steam at 145°C to ice at -50.0°C? The heat capacity of steam is 2.01J/g?°C and of ice is 2.09J/g?°C.

Separation of amines also carboxylic acids using extraction : Separation of Amines and Carboxylic Acids Using Extraction, Initially have a sample of a water-insoluble, neutral organic compound dissolved in 50 mL methylene chloride that may be contaminated with

Probability that student pass at least one of final exam : The probability that he passes both finals is .60. What is the probability that the student will pass at least one of these final examinations?

Inventory sole proprietorship to a public charity : Armando contributed some inventory from his sole proprietorship to a public charity for its use. On the date of the contribution, Armando's basis in the inventory $2,000 and the fair market value was $5,000.

Determine the amount of additional financing needed : Consider the Industrial Supply Company example again. Assume that the company plans to maintain its dividend payments at the same level in 2009 as in 2008.

Compute the largest tax deduction possible : Compute the largest tax deduction possible in 2010 for the equipment (consider the Section 179 election, Bonus Depreciation, and MACRS):

What types of bombs were dropped on hiroshima : What types of bombs were dropped on Hiroshima and Nagasaki, resulting in Japans surrender at the conclusion of WWII? What isotopes were used in the bombs? What were the long term effects of these bombs?

Analyze overall process of accounting for insolvencies : Analyze overall process of accounting for insolvencies and make at least one recommendation for improving current practices. Provide specific examples of how your recommendation would be an improvement.

Find standard deviation of distribution of the sample mean : If researchers want to take a new sample of size 55, what will be the standard deviation of the distribution of the sample mean?

User Account

All Pages