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Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2012 to $2,000 in 2013. Here is the December 31, 2012, balance sheet: Cash $ 100 Accounts payable $ 50 Accounts receivable 200 Notes payable 150 Inventories 200 Accruals 50 Net fixed assets 500 Long-term debt 400 Common stock 100 Retained earnings 250 Total assets $1000 Total liabilities and equity $1000 Booth's fixed assets were used to only 50% of capacity during 2012, but its current assets were at their proper levels in relation to sales. Spontaneous liabilities and all assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after-tax profit margin is forecasted to be 7% and its payout ratio to be 70%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar. $
In 1777, Jacob DeHaven loaned George Washington's Army $450,000 in gold and supplies. Due to a disagreement over the method of repayment 9gold vs. Continental money), DeHaven was never repaid, dying penniless.
accounting fundamentals based on accounting principles.presented below are the assumptions and principles discussed in
Prepare a trial balance of the general ledger and prove the accuracy of the subsidiary ledger by preparing a schedule of accounts receivable - Prepare a sales journal and a cash receipts journal
Olmsted Company has the following items: common stock, $900,000; treasury stock, $105,000; deferred taxes, $125,000 and retained earnings, $454,000. Illustrate what total amount should Olmsted Company report as stockholders' equity?
A company incurs variable costs of 40% of sales and fixed costs of $300,000. If the margin of safety is $150,000, what is the company's operating leverage?
Discuss at least 3 points which support your conclusion, and 1 of these points must relate to a competitor's financial performance
Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sam’s permanent equity accounts as of June 30th?
fred arrived at salmon river early on sunday october 11 and instantly met with eileen. -me first thing we must do is to
Analyse and evaluate the arguments for, and against, for each of the case studies.Which arguments do you consider to be more compelling?
Calculate the profit for the previous period and then calculate the Capital figure as at 1 July (ready for the start of the next year).
Purpose Smart Toys income statement performance report for 2009, including both flexible budget variances and sales volume variances.
1. the miller company produces wiring tools. the company is presently producing well below its full capacity. the
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