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How much external funding will bondage supply company

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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.

Reference no: EM132735339

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