User Account

All Pages

Planku2019s plants had net income of 4000 on sales of 70000

Assignment Help Accounting Basics
Reference no: EM13579630

Plank%u2019s Plants had net income of $4,000 on sales of $70,000 last year. The firm paid a dividend of $1,480. Total assets were $200,000, of which $80,000 was financed by debt.

a.

What is the firm%u2019s sustainable growth rate? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
  Sustainable growth rate %
b.

If the firm grows at its sustainable growth rate, how much debt will be issued next year? (Do not round intermediate calculations.)
  New debt $   
c.

What would be the maximum possible growth rate if the firm did not issue any debt next year? (Do not round intermediate calculations. Round your answer to 1 decimal place.)
  Maximum growth rate %  

Reference no: EM13579630

Questions Cloud

For a particular year theaverage math score on the act is : for a particular year theaverage math score on the act is 19.7 with a standard deviation of 4.7. what is the
Find the sustainable and internal growth rates for a firm : find the sustainable and internal growth rates for a firm with the following ratios asset turnover 2.00 profit margin
Ivan company has a goal of earning 160000 after-tax income : ivan company has a goal of earning 160000 after-tax income. ivan would need to pay 29000 of income taxes at the target
The type of sample statistic that is used to make : the type of sample statistic that is used to make inferences about a given type of population parameter is calleda. the
Planku2019s plants had net income of 4000 on sales of 70000 : planku2019s plants had net income of 4000 on sales of 70000 last year. the firm paid a dividend of 1480. total assets
Administrative expenses 336000 cost of goods sold 1190000 : the following information was taken from the records of cantu inc for the year 2012. income tax applicable to income
Find the z value to the right of the mean so that 6293 of : find the z value to the right of the mean so that 62.93 of the area under the distribution curve lies to the left of
Shares in raven products are selling for 96 per share there : shares in raven products are selling for 96 per share. there are 1 million shares outstanding. what will be the share
Good values inc is all-equity-financed the total market : good values inc. is all-equity-financed. the total market value of the firm currently is 100000 and there are 2000

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimated cost of the product warranty liability

During the first year of operations, a company granted warranties on its producs. The estimated cost of the product warranty liability at the end of the years is $12,750. The product warranty expense of $12,750 should be recorded in the years the ..

  Ozark outdoors is a manufacturer of outdoor items the

ozark outdoors is a manufacturer of outdoor items. the company is considering the possibility of offering a new

  Two sets of ratios are shown in the schedule of funding

two sets of ratios are shown in the schedule of funding progress prepared for pension truest funds a the funded ratio

  Real estate rental activity

Tina, an unmarried taxpayer, has $80,000 in salary, $10,000 in income from a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. Her modified adjusted gross income is $80,000. Of t..

  The following are the transactions for smiley

the following are the transactions for smiley inc.lt?xmlnamespace prefix o ns urnschemas-microsoft-comofficeoffice gt

  What are the entries accomplishing in the consolidation

Class, the textbook describes the consolidating entries that are entered on a work sheet as S A I D E and P. What do these letters represent and what are the entries accomplishing in the consolidation.

  Expenses incurred and retained earnings relationships

Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.

  Complete the information required below to prepare a

in 2013 the westgate construction company entered into a contract to construct a road for santa clara county for

  Risk management technique

In 400 words describe brainstorming risk management techniques and the rationale behind selecting brainstorming risk management technique.

  Computing the gross profit percentage

What is the amount of the gross profit? Compute the gross profit percentage (gross profit divided by sales). Will the income statement necessarily report a net income? Explain"

  Products x y and z are produced from the same process at a

products x y and z are produced from the same process at a cost of 5200. five thousand pounds of raw material yields

  Cost-volume-profit analysis is based on three basic

cost-volume-profit analysis is based on three basic assumptions. which of the following is not one of these

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd