What are the projected spontaneous liabilities

Assignment Help Finance Basics
Reference no: EM133070549

Smiley Corporation's current sales and partial balance sheet are shown below.

 

This year

Sales

$10,000

Balance Sheet: Liabilities

Accounts payable

$2,000

Notes payable

$2,000 

Accruals

$2,000

    Total current liabilities

$6,000

Long-term bonds

$2,000

    Total liabilities

$8,000 

Common stock

$1,000 

Retained earnings

$3,000 

    Total common equity

$4,000 

  Total liabilities & equity

$12,000

Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

Reference no: EM133070549

Questions Cloud

Create all the relations in a MySQL database : Create all the relations in a MySQL database. Consider each attribute in every table and make appropriate choices regarding data types & sizes
What is the current duration of instrument b : 'Today is 1 July 2021. Joan has a portfolio which consists of two different types of financial instruments (henceforth referred to as instrument A and instrumen
Calculate the after tax operating cash flow : The MacCauley Company has the following information available200 million in sales
What amount will affect the profit of loss : Aenthis Company a Philippine Company, sold goods on account to Britain Corporation for 50,320 pounds. What amount will affect the profit of loss
What are the projected spontaneous liabilities : Smiley Corporation's current sales and partial balance sheet are shown below.
Determine the realized gross profit : In 2018, the company wrote-off installment receivable of 120,000 from 2016 sales and 80,000 from 2017 sales. Determine the realized gross profit
What is the afn for the coming year : Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.
Solve the problem with financial calculator : List the keystrokes used to solve the problem with financial calculator: I am 25 years old and plan on retiring at age 65. I spend $2.50 each-and-every day on m
What will be of the cake business to you and the customers : How to make a SME (small medium enterprise) like a cake business unique and innovative? impact/benefits

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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