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Question: Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2012 to $2,000 in 2013. Here is the December 31, 2012, balance sheet: Cash $ 100 Accounts payable $ 50 Accounts receivable 200 Notes payable 150 Inventories 200 Accruals 50 Net fixed assets 500 Long-term debt 400 Common stock 100 Retained earnings 250 Total assets $1000 Total liabilities and equity $1000 Booth's fixed assets were used to only 50% of capacity during 2012, but its current assets were at their proper levels in relation to sales. Spontaneous liabilities and all assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 6% and its payout ratio to be 35%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar.
Meals on Wings Inc., which supplies prepared meals for corporate aircraft, needs to purchase new broilers. The new broilers would replace broilers purchased 10 years ago for $105,000, which are being depreciated on a straight-line basis to a zero ..
A 5-year project has an initial fixed asset investment of $15,540, an initial NWC investment of $1,480, and an annual OCF of -$23,680. The fixed asset is fully depreciated over the life of the project and has no salvage value.
If Samual could lower its inventories and receivables by 9% each and increase its payables by 9%, all without affecting sales or cost of goods sold, what would be the new CCC? Round your answer to two decimal places.
it takes cookie cutter modular homes inc. about six days to receive and deposit checks from customers. cookie cutters
Revenue can be earned at one point or over a period. Provide an example of each.
Find the risk-free rate of interest, RF, that is applicable to each security. Although not noted, what factor must be the cause of the differing risk-free rates found in part a? Find the nominal rate of interest for eachsecurity.
Computation of internal rate of return and NPV and compute the net present value for each project if the firm has a 10% cost of capital
What are the major characteristics of the NYSE and Nasdaq?
Ascertain the quality 10 years subsequently of a store of Rs.20,000 made today if the interest rate is (a) 4 percent, (b) 6 percent, (c) 8 percent, and (d) 9 percent.
What are the advantages of having formed the company as a corporation? What other organizational structures would have been appropriate? Could Interact Systems qualify for S corporation status with the IRS? Why or why not?
You decide to show Alice Cartwright how beta affects the volatility of stocks. You need to go out and find 5 stocks in which you think Alice might have investment interest.
On? Monday, Harold picked up five donuts and six large coffees for the office staff. He paid $ 8.48 On? Tuesday
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