Forecast balance sheet for the next year

Assignment Help Financial Accounting
Reference no: EM131216218

The historical balance sheets of a company are given here:

1982 1983 1984

Liabilities

Equity 34,650 33,056 33,032

Long-term liabilities 13,542 11,909 18,143

Current liabilities 15,554 11,915 15,647

Total 63,746 56,880 67,092

Assets

Net fixed assets 11,138 12,437 11,246

Table contd.

Financial Statements and Firm Value 141

1982 1983 1984

Others 736 1,571 2,066

Current assets – – –

Total 63,746 56,880 67,092

If sales amount to Rs 75,000, express all variables as (average) percentage of sales. If current assets grow at 14 percent, current liabilities at 22 percent, and fixed assets at 21 percent, forecast balance sheet for the next year.

Reference no: EM131216218

Questions Cloud

How is it ascertained whether a breach of duty has occurred : What needs to be established by a plaintiff in order to succeed in an action against an occupier for injuries received on the premises of the occupier?  In the tort of negligence, for a duty of care to arise what must be shown? In the tort of neglige..
Assume the carrying value of the bonds : Lerner Inc. issued bonds several years ago for more than face value. The bonds had a face value of $100,000 and pay interest annually at 9% on 12/31 each year. The market rate on the date of issue was 8%. Assume the carrying value of the bonds throug..
Problem summarizes typical transactions engaged : This problem summarizes typical transactions engaged in by not-for-profit organizations. The American Association for Freedom, a political think tank, was recently established. It received a $10,000,000 endowment contribution, all in stocks and bonds..
Effect of transactions on accounting equation : Effect of Transactions on Accounting Equation a. A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?
Forecast balance sheet for the next year : The historical balance sheets of a company are given here: If sales amount to Rs 75,000, express all variables as (average) percentage of sales. If current assets grow at 14 percent, current liabilities at 22 percent, and fixed assets at 21 percent, ..
What amount would you like spent yearly to fund grand party : You wish to leave an endowment for your heirs that goes into effect 50 years from today. You don’t want to be forgotten after you pass so you wish to leave an endowment that will pay for a grand soirée yearly and forever. What amount would you like s..
Comment on ways of summarising and displaying research : Comment on ways of summarising and displaying research results in the clearest and least biased manner possible and adding further insights or expanding on their recommendations for alternative ways of displaying or summarising the data in their exa..
What is an investment banker and what does he do : What is an Investment Banker? What does he do? Why would a company use one? What are the components of the nominal interest rate? What does each component pay for?
Ideas about the given examples : Provide feedback to your colleague below with additional ideas about the examples they have posted, adding further insights or expanding on their recommendations for alternative ways of displaying or summarising the data in their example.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd