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Bondage Supply Company expects sales next year to be $470,000. Inventory and accounts receivable will have to be increased by $65,000 to accommodate this sales level. The company has a steady profit margin of 10 percent, with a 40 percent dividend payout.
Problem 1: How much external funding will Bondage Supply Company have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
What should YZA record for depreciation expense on the piece of equipment on the 2021 income statement? At December 31, 2020, YZA Corporation
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On Dec. 29, 2014, issue 50 shares of $1 par common stock at $ 100 per share. Declare a $10,000 dividend on Dec. 31, 2014, to be paid on March 15, 2015, to stockholders of record as of Jan. 30 2015. Prepare a partial Balance Sheet on Dec. 31, 2014, sh..
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