Reference no: EM13765010
Maggie's Muffins, Inc., generated $4,000,000 in sales during 2013, and its year-end total assets were $2,800,000. Also, at year-end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2014, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5%, and its payout ratio will be 50%. How large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate? Do not round intermediate steps. Round your answers to the nearest whole.
Sales can increase by $____ , that is by____ %.
|
Statements and the internal controls of financial reporting
: An integrated audit combines the audit of the financial statements and the internal controls of financial reporting. Please address the following topics:
|
|
What was wallaces total long-term debt and total liabilities
: At year-end 2013, Wallace Landscaping’s total assets were $1.8 million and its accounts payable were $450,000. Sales, which in 2013 were $2.1 million, are expected to increase by 20% in 2014. Total assets and accounts payable are proportional to sale..
|
|
Examples of juvenile delinquency or crime
: Please consult local newspapers or "big city" newspapers (examples: New York Times, Miami Herald, Los Angeles Times, San Francisco Chronicle, Kansas City Star, etc.) to explore and examine the types and examples of juvenile delinquency or crime
|
|
Submit executive memo summarizing the project''s objective
: Submit a executive memo summarizing the project's objective, any scoping boundaries used to define the project, and relevant facts about the tasks or resources. Identify all related tasks and resources needed to complete this project.
|
|
Self-supporting growth rate
: Maggie's Muffins, Inc., generated $4,000,000 in sales during 2013, and its year-end total assets were $2,800,000. Also, at year-end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..
|
|
What are the decisions variables in problem
: What are the decisions variables in problem and what are the constraints - formulate a linear programming model that will enable the manager to determine how many of each kind of bar to produce in order to sat isfy the conditions specified with max..
|
|
Influences related to health care
: What other kinds of ethical issues do you foresee will be faced by the staff in the clinics of the near future?
|
|
Discussion the impact of a judeo-christian
: The juvenile justice system covers a number of categories of children: delinquent, undisciplined, dependent, neglected, abused, and status offender. Finally, integrate within your discussion the impact of a Judeo-Christian viewpoint for treating ju..
|
|
Determine the value of the companys equity
: Milano pizza club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt equity ratio of 40 percent and makes interest payments of $41,000 at the end of each year. The coast of the firm’s levered equity is 19 ..
|