What is the firm additional funds needed

Assignment Help Basic Statistics
Reference no: EM132073460

Christie's sales were $500,000 during 2017, and its year-end assets were $400,000. For 2018, sales are expected to grow by 5% ,and since the firm is operating at full capacity, its assets must grow in proportion to sales. Its 2017 current liabilities consisted of $60,000 of accounts payable, $20,000 of notes payable, and $50,000 of accruals. Its after-tax profit margin is forecasted to be 15%, and the firm plans to pay out 20% of its earnings. Based on the AFN equation, what is the firm's additional funds needed (AFN) for 2018?

Reference no: EM132073460

Questions Cloud

Maintenance and defects costs : The tax rate is 21%. What is the annual cash flow for years 1 through 5 (not including the terminal cash flow) if the project is undertaken?
Projected roes between the restricted and relaxed policies : What is the difference in the projected ROEs between the restricted and relaxed policies?
Discuss the statistical techniques : After studying the introduction to this unit and completing the study activities, summarize the quantitative research article you selected.
What level should rowland set its target fixed assets : Now the company is planning its financial forecast for the coming year. At what level should Rowland set its target fixed assets/sales ratio?
What is the firm additional funds needed : Christie's sales were $500,000 during 2017, and its year-end assets were $400,000. For 2018, sales are expected to grow by 5% ,and since
Discuss the ramifications of the belief in an overseas : Discuss the ramifications of this belief in an overseas, culturally diverse operation.Create a two-page executive summary in Word.
How to compare and contrast apple corporation : How to Compare and contrast Apple Corporation's ratios to industry and competitor standard ratios found from and analyze
What is the initial outlay for the project : The firm's tax rate is 21%. What is the initial outlay for the project?
Analyze key historical events in the field : Analyze key historical events in the field of health informatics for how technology has been used that could inform the management of health information.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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