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Sabaq Corporation wants to determine the additional funds needed for its forecasted sales in the coming year, The forecasted ?nancial information are as follows: Expected sales is RM550,000,000 Operating pro?t margin is forecasted at 7 percent of sales Interest expense is expected to be RM450,000 Tax rate is expected to remain at 28 percent Dividend payout ratio is 40 percent Increase in working capital is forecasted at 6 percent of sales Increase in ?xed assets is expected to be 8 percent of sales New equity to be issued is 60 percent of funds required
Problem 1: Given the above information, determine the amount of ?nancing needed by Sabaq Corporation
George Hincapie Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request,..
Classify the lease as a finance lease or operating lease, and justify your answer.
Sales forecast: January: 1,100 units; February: 1,500 units; March: 2,300 units; April: 2,500 units. The unit sales price is $38. All sales are on credit and collections are 30% in the month of sale and 70% the following month. Based on the informati..
What is auditing and financial reporting system in your organisation? What legislation is required to be compiled with? Explain in detail
The company also has a bank line of credit that allows the company to borrow any shortfall it might have in cash. Interest on the loan is 10%. Assume the loan remained constant throughout the year. The company has $1,000,000 of equity and $120,000 in..
An appliance company has two warehouses and two retail outlets. Warehouse A has 400 refrigerators, and warehouse B has 300 refrigerators. Outlet I needs 200 refrigerators, and outlet II needs 300 refrigerators. It costs $36 to ship a refrigerator fr..
When comparing corporate and individual taxation, the following statements are true, except:
Noelle decided she did not need the furniture and sold it to a neighbor six months later for $6,500. What is her recognized gain or loss?
$10,000 and net cash provided by financing activities was $12,000. If the year-end cash balance is $24,000, the beginning cash balance was
The Pearce Club, Inc., is considered investing in an exercise machine that costs $5,000 andwould increase revenues by $1,500 a year for five years. The machine would be depreciated over its five-year useful life via the straight-line method and would..
What is the cost of preferred stock (rounded to two (2) decimal places? What is Port's WACC, rounded to two decimal places? What is the weight of Debt
During the period that the entity held this investment, amortization of the discount amounted to P20,000. What amount should be reported as gain on sale of bond
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