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Problem A:
United Products Inc. has the following balance sheet:
Current assets
$5,000
Accounts payable
$1,000
Notes payable
1,000
Net fixed assets
5,000
Long-term debt
4,000
Common equity
Total assets
$10,000
Total liabilities and equity
Business has been slow; therefore, fixed assets are vastly underutilized. Management believes it can double sales next year with the introduction of a new product. No new fixed assets will be required, and management expects that there will be no earnings retained next year. What is next year's additional funding requirement?
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The annual Federal Unemployment Tax Return
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