What is the afn for the coming year

Assignment Help Financial Accounting
Reference no: EM133334007

Problem: Manga Inc. is planning its operations for next year, and 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? (Assume full capacity ) Last year's sales $200,000 Last year's accounts payable $50,000 Sales growth rate 50% Last year's notes payable $15,000 Last year's total assets $160,000 Last year's Bonds Payable $60,000 Last year's profit margin 20.0% Target payout ratio 40.0%. a)? $5,400 b) $6,000 c) $19,000 d) -$7,140

Reference no: EM133334007

Questions Cloud

Describe ordinary share capital : Describe ordinary share capital. Your answer should include an explanation of the rights and risk exposures of shareholders, together with an outline of voting
What are the most likely parental genotypes : A cross produces 760 green-stemmed plants and 240 red-stemmed plants. What are the most likely parental genotypes?
Rna polymerase is well-characterized enzyme : RNA polymerase is a well-characterized enzyme. Briefly describe the two main parts of the RNA polymerase holoenzyme in bacteria and their functions.
Challenges to be mastered-new leadership culture : The CEO sees four main challenges to be mastered: new leadership culture, a faster decision-making process on an operational level.
What is the afn for the coming year : Manga Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast
What are probabilities for each possible phenotype : If a bull and cow are heterozygous for both genes, what are the probabilities for each possible phenotype? please explain.
Discuss a future aspirational professional career goal : Consider a future aspirational professional career goal for yourself that involves a senior leadership role.
How large could sales have been if the company had operated : Last year Yasli-Amca Corp. had $500 million of sales, and it had $75 million of fixed assets that were being operated at 80% of capacity. In millions
What is DNA and Criminal Forensics : What is DNA and Criminal Forensics? What people or companies are interested in doing research on this topic?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare x corporation journal entries

Prepare X Corporation's journal entries, under the equity method of accounting, to record Y Company's operating results for the fiscal year ended September

  Contribution margin ratio

Barking Dog Company has a contribution margin ratio of 21%. Barking Dog desires a profit of $315,000 and must cover fixed costs of $945,945. What level of sales must Barking Dog reach in order to achieve its goal?

  Budgeted beginning cash balance

Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $45,000. Budgeted cash receipts total $129,000 and budgeted cash disbursements total $124,000. The desired ending cash balance is $60,000. To attain its desired..

  Should still measure satisfaction with the website bearing

Should still measure "Satisfaction with the Website" bearing in mind that will measure information quality, system quality, interactivity

  How much do you think ferrari is worth in euros

FINANCE 123 Simon Fraser University How much do you think Ferrari is worth in euros? Justify your recommendation based on a current market multiples valuation

  Return on common stockholders equity-current ratio

The comparative statements of Osborne Company are presented here. OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales $1,895,647 $1,755,607 Cost of goods sold 1,063,647 1,011,107 Gross profit 832,000 744,500 Selling ..

  Which combinations will result in the highest net income

Assuming a deflationary environment (prices are falling), which of the following combinations will result in the highest net income in year 1?

  Callable bond or non-callable which one is good for investor

Book Value and EPS, really facilitates the Investors in Financial Decision Making.why? Debt Financing is good for the company instead of Equity Financing why?

  What other ways could you allocate fixed manufacturing price

Calculate increase in revenue after additional variable costs then subtract additional fixed cost. What other ways could you allocate fixed manufacturing costs?

  Calculate the issue price of the bill

A bank bill with 90 days to maturity is issued with a yield of 1% pa. Face value is $100,000. Calculate the issue price of the bill.

  What are the annual expected savings

Cheques per day that average $700 each can reduce processing time by 3 days, what are the annual expected savings if the annual interest rate is 4%

  What is her saving and consumption

Assuming that Diane spends the remainder of her income on consumption, what is her saving? - Is she a net lender or net borrower?

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