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Broussard Skateboard's sales are expected to increase by 25% from $8.8 million in 2019 to $11.00 million in 2020. Its assets totaled $3 million at the end of 2019.
Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 75%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.Sage Hill Company's accounts receivable arising from sales to customers amounted to $95000 and $83000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $361000.
Problem 1: Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
A $444000.B $373000.C $349000.D $361000.
The total factory overhead for Landen Company is budgeted for the year at $675,000. Landen manufactures two drapery products: sheer curtains and insulated curtains. These products each require six direct labor hours (dlh) to manufacture. Each product..
How is the transaction price to be measured by the entity when receiving non-cash consideration from a customer consistent with AASB 15
If stored liquidity is used by a bank to fund a net deposit drain of funds the balance sheet will decrease by the amount of the net deposit drain of funds
At the end of January, $5,300 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receiva..
Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $26,000 for 15 years and to have a resale value of $50,000 at the end of that period. Dick Button has offered to buy Stacy’s vineyard busin..
The price will be firm for the next three (3) years. Calculate the breakeven point under this option and briefly discuss which option would be preferred.
How many units of each product could it produce in order to maximize operating income
Prepare the December 31, 2019 Balance Sheet Presentation of the Receivable from the American client and the accounts associated with the hedge.
Expected to sell 8000 units but actually produced and sold 8500 beds. Direct material 5 yards at $1.50 per yard Direct labor is 40 minutes at $20 per minute In the current year 44,000 yards were purchased and used at a cost of $1.60 per yard and 365,..
Roger Corp issued corporate bonds on January, What valuation method should Roger use to report their bonds on their statement of financial position at year end?
If noncash assets are sold for ?40,000, liquidation expense of ?10,000 and all liabilities are paid, how much cash should C receive?
What would Carlos's new total gross wages be? Carlos works for ToyTech and worked 83.5 hours this past week to ensure a major shipment got out on time.
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