After studying the Financial Forecast and planning, go through the assumption date given below and calculate how much Discretionary financing will we need in 2021 year?

Suppose this years sales will total $40 million.

Next year, we forecast sales of $50 million.

Net income should be 5% of sales.

Dividends should be 50% of earnings.

If this years informations are as follows:

blou 14.1.561. BALAI 2011 12 13 14 15 16 3. After studying the Financial Forecast and planning, go through the assumption date given below and calculate how much Discretionary financing will we need in 2021 year? [5 Marks) Suppose this year's sales will total $40 million. Next year, we forecast sales of $50 million Net income should be 5% of sales Dividends should be 50% of earnings. If this year's information's are as follows: This year % of $32m $10m $20m $30m 25% 50% Assets Current Assets Fixed Assets Total Assets Liab, and Equity Accounts Payable Accrued Expenses Notes Payable Long Term Debt Total Liabilities Common Stock Retained Eamings Equity Total Liab. & Equity 12.5% 12.5% n/a na $5m $5m $2m $6m $18m $9m $3m $12m $30m na ENG blou 14.1.561. BALAI 2011 12 13 14 15 16 3. After studying the Financial Forecast and planning, go through the assumption date given below and calculate how much Discretionary financing will we need in 2021 year? [5 Marks) Suppose this year's sales will total $40 million. Next year, we forecast sales of $50 million Net income should be 5% of sales Dividends should be 50% of earnings. If this year's information's are as follows: This year % of $32m $10m $20m $30m 25% 50% Assets Current Assets Fixed Assets Total Assets Liab, and Equity Accounts Payable Accrued Expenses Notes Payable Long Term Debt Total Liabilities Common Stock Retained Eamings Equity Total Liab. & Equity 12.5% 12.5% n/a na $5m $5m $2m $6m $18m $9m $3m $12m $30m na ENG