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Petal Providers Corp is interseted in estimating its additional financing needed to support a rapid increase in sales next year. Last year, revenues were $1 million; net profit was $50,000; investment in assets was $750,000; payables and acccruals were $100,000; and stockholders' equity at the end of the year was $450,000. The venture did not pay out any dividends and does not expect to pay dividends for the foreseeable future. A. What would be your estimate of the additional funds needed next year to support a 30 percent increase in sales? B. How would your answer to Part A change if the expected sales growth were only 15 percent?
How would I calculate an annuity contract that pays $800 per month. The annuity cost $60,000 and it has an expected return of $100,000. How much of each monthly annuity payment is includible in a gross income?
as the struggling owner of a new restaurant you suffer from a habitual shortage of cash. yesterday the following
use the information in exercise 2-4 to prepare an august 31 trial balance for pose-for-pics. open these t-accounts cash
Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios.
Which of the following is recorded in the cash payments journal?
the following statement is an excerpt from asc-270-10-45-1-2 paragraphs 9 and 10 of abp opinion no. 28 interim
assume shaan invested just 10000 of his own money and had a 90000 mortgage with an interest rate of 8.5 percent. if
willow creek corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. at
Ann sell sports kit10% of sales are cash transaction and the remainder is on an month's credit. How much was paid to suppliers in the month of February2002.
Variable shipping and other selling expenses would be $1 per unit for the special order. If the special order is accepted, MNK's operating profits will increase by:
Consider the following information for Cowboys Town for the year ended December 31, 2015. Expenses - parking garage (enterprise fund) $ 1,200,000
do you believe that manufacturers of accounting software can develop the computer code needed to deploy the software
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