Accounts payable 235000 and accruals 155000 use

Assignment Help Finance Basics
Reference no: EM13478588

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2002; sales were $3,450,000 in fiscal 2001. Assume the following figures for the fiscal year ending 2001: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast accruals for the fiscal year ending 2002.

a) $890,001
b) $412,316
c) $267,319
d) $350,814

Reference no: EM13478588

Questions Cloud

Interest rates are currently 6 but you believe the fed is : you own a bond that has a duration of 7 years. interest rates are currently 6 but you believe the fed is about to
If he can earn 10 percent ear before he retires and 7 : bilbo baggins wants to save money to meet three objectives. first he would like to be able to retire 30 years from now
Plot a graph of microsofts expected rate of return on the : assume that microsofts stock has an expected rate of return of 7 percent. determine the market risk premium point
What are the components of working capital management which : one of your long-standing clients is a domestic manufacturer who up until now has not only manufactured their products
Accounts payable 235000 and accruals 155000 use : apple two enterprises expects to generate sales of 5950000 for fiscal 2002 sales were 3450000 in fiscal 2001. assume
Quality management your company has assigned you to work on : your company has assigned you to work on a project plan for a new internal support system. this system will be expected
After reviewing the tips for revision editing and : 75- 100 wordsrevision planafter reviewing the tips for revision editing and proofreading from the reading this week
Which depreciation method would produce higher npv and how : wendys boss wants to use straight-line depreciation for the new expansion project because he said it will give higher
Write 250 words minimum containing your thought weather the : write 250 words minimum containing your thought weather the u.s. can regain its manufacturing predominance in a

Reviews

Write a Review

Finance Basics Questions & Answers

  Which of these expenditures are deductible

Sam is a sole proprietor who owns, leases, and manages several apartment complexes and office buildings. During the current year, Sam incurs the following expenses.

  Decision making on the basis of expected return

Decision making on the basis of expected return and volatility of project and Suppose you have two good projects in which you could invest

  In your own words explain capital budgeting why is it

in your own words explain capital budgeting. why is it important to a companyrsquos long-term success? provide an

  Postive and negative rights discussed

Fully describe the difference between positive and negative rights, giving three examples other than those found in the text for each (the examples given in the book are: privacy, the rights to food, life, and health care).

  What is the duration of this liability to the couple

What is the duration of this liability to the couple if they can borrow and lend at the market interest rate of 9 percent?

  Who are the main users of financial statements

Who are the main users of financial statements? Does each user look for the same information? Explain and give examples.

  Which of the following methods allows corps with the ability

The majority of public offerings of secruities must be registered with the SEC, a costly and time consuming process. which of the following methods allows corps with the ability to speed up the registration process?

  Objective type questions on leverages

Objective type questions on leverages and The major short coming of the EBIT-EPS approach to capital structure is that

  Estimate the internal rate of return for the machine

A machine can be purchased for $10,500, including transportation charges, but installation costs will require $1,500 more. The machine is expected to last four years and produce annual cash revenues of $6,000.

  Illustrate how book value each share

Illustrate how book value each share, earning each share also dividends each share change over years.

  What is the value of a nine month european call

What is the value of a nine month European call on the futures with a strike price of 26?

  How much additional debt is required

How much additional debt is required if no new equity is raised and sales are projected to increase by 15 percent?

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