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2019 Sales Actual: 1,000,000 2020 Sales Forecast: 1,200,000 Actual Forecast 12/31/19 Management Assumptions 12/31/20 Assets % of sales Assets Cash 80,000 Spontaneous Cash Marketable Securities
| 2019 Sales Actual: | 1,000,000 | 2020 Sales Forecast: | 1,200,000 | ||||||||||||||
| Actual | Forecast | ||||||||||||||||
| 12/31/19 | Management Assumptions | 12/31/20 | |||||||||||||||
| Assets | % of sales | Assets | |||||||||||||||
| Cash | 80,000 | Spontaneous | Cash | ||||||||||||||
| Marketable Securities | 20,000 | Discretionary | Marketable Securities | 20,000 | |||||||||||||
| Accounts Receivable | 100,000 | Spontaneous | Accounts Receivable | ||||||||||||||
| Inventories | 60,000 | Spontaneous | Inventories | ||||||||||||||
| Property, Plant, & Equip | 200,000 | Spontaneous | Property, Plant, & Equip | ||||||||||||||
| Total Assets | 460,000 | Total Assets | 20,000 | ||||||||||||||
| Liabilities & Equity | Liabilities & Equity | ||||||||||||||||
| Accounts Payable | 80,000 | Spontaneous | Accounts Payable | ||||||||||||||
| Accrued Payables | 20,000 | Spontaneous | Accrued Payables | ||||||||||||||
| Bonds Payable | 100,000 | Discretionary | Bonds Payable | 110,000 | |||||||||||||
| Common Stock | 150,000 | Discretionary | Common Stock | 150,000 | |||||||||||||
| Retained Earnings | 110,000 | Discretionary | Retained Earnings | 100,000 | |||||||||||||
| External Financing Needed | |||||||||||||||||
| Total Liabilities & Equity | 460,000 | Total Liabilities & Equity | 360,000 | ||||||||||||||
Complete the balance sheet and Are additional funds need? If so how much?
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Finance And Financial Markets
Authors: Keith Pilbeam
4th Edition
1137515627, 978-1137515629
