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17. To estimate Missed Places Inc.'s (MP) external financing needs, the CFO needs to figure out how much equity her firm will have at the

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17. To estimate Missed Places Inc.'s (MP) external financing needs, the CFO needs to figure out how much equity her firm will have at the end of next year. At the MP's retained earnings were S158,000. The Controller has profits will be $360,700, earnings after tax will total $23,400, and MP will pay S$12,400 in dividends. What are the estimated retained earnings at the end of next year? A. $506,300 B. S518,700 C. $170,400 D. $169,000 E. $181,400 estimated that over the next year, gross 18. The most common approsch to developing pro forma financial statements is called the: A. financial planning method. B. cash budget method. C. percent-of-sales method D. market-oriented approach. E. seasonality approach 19. Assume each month has 30 days and AmDocs has a 60-day accounts receivable period. During the second calendar quarter of the year (April, May, and June), AmDocs will collect payment for the sales it made during which of the months listed below? A. November, December, and January B. October, November, and December C. February, March, and April D. January, February, and March E. December, January, and February 20. You are developing a financial plan for a corporation. Which of the following questions will be considered as you develop this plan? I. How much will our sales grow? I. Will additional fixed assets be required? III. Will dividends be paid to shareholders? IV. How much new debt must be obtained? A. I and IV only B. Il and III only C. I, II, III, and IV D. II, III, and IV only E. I. II and IV only

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