1. Philip Morris expects the sales for his clothing company to be $710,000 next year. Philip notes that net assets (Assets - Liabilities) will remain unchanged. His clothing firm will enjoy a 8 percent return on total sales. He will start the year with $310,000 in the bank What will Philip's ending cash balance be? Galehouse Gas Stations Inc. expects sales to increase from $1,580,000 to $1,780,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 65 percent of sales. His firm has an 8 percent return on sales and pays 30 percent of profits out as dividends. a. What effect will this growth have on funds? The balance will b. If the dividend payout is only 5 percent, what effect will this growth have on funds? The cash balance will The Alliance Corp expects to sell the following number of units of copper cables at the prices indicated, under three different scenarios in the economy. The probability of each outcome is indicated. OS Probabiny Unis Price 2016 What is the expected value of the total sales projection? Total expected value 3. Cyber Security Systems had sales of 3,500 units at $65 per unit last year. The marketing manager projects a 25 percent increase in unit volume sales this year with a 40 percent price increase. Returned merchandise will represent 8 percent of total sales. What is your net dollar sales projection for this year? Het sales 4. At the end of January, Mineral Labs had an inventory of 965 units, which cost $13 per unit to produce. During February the company produced 1,850 units at a cost of $17 per unit. a. If the firm sold 2,750 units in February, what was the cost of goods sold? Cost of goods sold (Assume LIFO inventory accounting.) b. If the firm sold 2,750 units in February, what was the cost of goods sold? Cost of goods sold (Assume FIFO inventory accounting.)