Here is a forecast of sales by national bromide for the

Reference no: EM13381124

Here is a forecast of sales by National Bromide for the first four months of 2010 (figures in $ thousands):

Month 1 Month 2 Month 3 Month 4

Cash Sales 15 24 18 14

Sales on Credit 100 120 90 70

On the average 50% of credit sales are paid for in the current month, 30% are paid in the next month, and the remainders are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4?

Abbreviated financial statements for Archimedes Levers are shown in Table 19.12. If sales increase by 10% in 2011 and all other items, including debt, increase correspondingly, what must be the balancing item? What will be its value?

TABLE 2

Income Statement

Sales $4000

Costs, including interest $3,500

Net income $500

Balance Sheet, Year-End

2010 2009 2010 2009

Assets $3,200 $2,700 Debt $1,200 $1,033

Equity $2,000 $1,677

Total $3,200 $2,700 Total $3,200 $2,700

Show all your work to earn partial credit.

Reference no: EM13381124

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