1.Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2019 to $8.97 million in 2020. Its assets totaled $5 million at the end of 2019.

Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.

2.Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.

This yearSales$1,000 Balance Sheet: AssetsCash$200Short-term investments$105Accounts receivable$150Inventories$200 Total current assets$655Net fixed assets$550 Total assets$1,205Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.

3.Smiley Corporation's current sales and partial balance sheet are shown below.

This yearSales $10,000 Balance Sheet: LiabilitiesAccounts payable$2,000Notes payable$2,500Accruals$1,600 Total current liabilities$6,100Long-term bonds$2,000 Total liabilities$8,100Common stock$1,500Retained earnings$2,000 Total common equity$3,500 Total liabilities & equity$11,600Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.