Use the percent-of-sales method to forecast cash

Assignment Help Finance Basics

Reference no: EM13292154

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2002; sales were $3,450,000 in fiscal 2001. Assume the following figures for the fiscal year ending 2001: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast cash for the fiscal year ending 2002.

A) $120,725
B) $75,003
C) $216,418
D) $319,604

please show the work

Reference no: EM13292154

Questions Cloud

Determine how would a voice signal be affected by a carrier : At the receiver, the carrier is reinserted during demodulation, but its frecuency is 5.00015 MHZ rather than exactly 5 MHZ. How does this affect the recovered signal How would a voice signal be affected by a carrier that is not exactly the same as..

The performance management cycle : Locate a current and reliable source of information on the performance management cycle. Discuss the components of the performance management cycle and the frequency each component is conducted over the course of an annual performance managemen..

What is the minimum normal force he must exert : The 65.0 kg climber in the figure is supported in the "chimney" by the friction forces exerted on his shoes and back. What is the minimum normal force he must exert

Which step of writing process are you currently working on : You are also responsible for replying to at least two classmates. Please refer to the following questions to get started 1. Which step of the writing process are you currently working on? 2. Describe your technique up to this point. What has worked w..

Use the percent-of-sales method to forecast cash : Use the percent-of-sales method to forecast cash for the fiscal year ending 2002.

How much charge flows between the ground and the cloud : Lightning occurs when there is a flow of electric charge (principally electrons) between the ground and a thundercloud. How much charge flows between the ground and the cloud

Dotcom.com is a software engineering : Dotcom.com is a software engineering and systems development consulting firm that needs some organizational improvements in the area of project management processes that will cut cost and potentially increase the profit margin for the company. ..

Find the input power to the cirtcuit from the source : A 120 V(rms), variable frequency source is connected in series witha 100 ohm resistor and a 100uF capacitor . Find the input power to the cirtcuit from the source at th frequency where the power factorof the load is 0.75

What will projected eps be next year : The firm is considering the issuance of $6 million of 10% bonds to finance a new product that is not expected to generate an increase in income for two years. If Farar issues the bonds this year, what will projected EPS be next year?

User Account

All Pages