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Problem 1: Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year (in millions of dollars)?
Last yr's sales = S0 $350 Last yr's accounts payable $40Sales growth rate = g 30% Last yr's notes payable $50Last yr's total assets = A* $580 Last yr's accruals $30Last yr's prof margin = PM 5% Target payout ratio 60%
How much Medicare levy should Jack pay? Jack, who is single, has a taxable income of $25,000 for 2018-19. He is not eligible for either the seniors and pension
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Prepare the journal entry to record the purchase assuming that the company paid 50% of the amounts using cash and signed a note
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What department managers in a hotel would benefit from understanding a bit about financial management? What should they know? Please describe your solutions.
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Show the journal entry to record the sale. Prepare journal entry on December 31, 2019, to record amortization for the year, assuming the straight-line method.
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