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Prepare a pro forma balance sheet for the upcoming fiscal year. Company X's current balance sheet, submitted at the end of their fiscal year, September 30, 2015, is displayed below. Company X has a policy of maintaining a cash balance of $75,000. The company plans to acquire a new building for 90,000, and purchase new equipment for $15,000 over the next year. Net sales over the previous year were $3.6 million and the company expects sales to grow by 8% in the next year, with a gross margin of 12%. Purchases of materials are expected to be $3.5 million, the collection period is expected to be 30 days and accounts payable will be 15 days. Net Income is anticipated to be 1.5% of sales, and the tax rate is 30%. Company policy is to have a retention ratio of 20%, and depreciation is expected to be $40,000 over the coming year
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This paper analyses the investment terms and condition and the overall project requirements for the purpose of understanding how the project would operate. In this we have considered various aspects including the Sensitivity Analysis, the Terminal Value analysis and other terms for the purpose of investment decision making.
Rose Incorporated manufactures two types of vases, small and large. The following per-unit data are available.
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Determine the ending balance in cash
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The Patchwork Corporation manufactures sweaters for sale to athletic-wear retailers. The following information was available on Patchwork for the years ended December 31, 2013, and 2014:
Following is a list of events that occur throughout an audit examination. Indicate, using the correct letter, the time period during which these events are most likely to occur. An event may occur in more than one time period.
shauntay james has just started a new business -building and installing custom garage organization systems. shauntay
Performance audits differ from financial audits
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