About financial planning and control

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Reference no: EM131309863

Midwest Mining (MWM) expects its sales to grow by 20 percent next year. Last year, when the firm was operating at full capacity, MWM, generated sales equal to $250,000 with assets of $800,000. MWM's current balance sheet shows that accounts payable and accruals are$150,000, notes payable are $25,000 long-term debt is $100,000, common stock is $450,000, and retained earings are $75,000. Next year, MWM's net profit margin is expected to be the same as this past year, 5 percent, and the company plans to continue to pay 60 percent of earnings as dividends. Estimate MWM's additional funds needed (AFN) for the next year. This question is about Financial Planning and control use Word provide a detailed explanation with a graph to describe the break-even point.

Reference no: EM131309863

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