Question
Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $ 1,000 Balance Sheet: Assets Cash $ 200 Short-term
Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $ 1,000 Balance Sheet: Assets Cash $ 200 Short-term investments $ 135 Accounts receivable $ 300 Inventories $ 100 Total current assets $ 735 Net fixed assets $ 500 Total assets $ 1,235 Sales 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.
Broussard Skateboard's sales are expected to increase by 20% from $8.8 million in 2019 to $10.56 million in 2020. Its assets totaled $3 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 6%, and the forecasted payout ratio is 40%. 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.
Smiley Corporation's current sales and partial balance sheet are shown below.
This year | ||||
Sales | $ | 10,000 | ||
Balance Sheet: Liabilities | ||||
Accounts payable | $ | 1,500 | ||
Notes payable | $ | 2,000 | ||
Accruals | $ | 1,800 | ||
Total current liabilities | $ | 5,300 | ||
Long-term bonds | $ | 2,000 | ||
Total liabilities | $ | 7,300 | ||
Common stock | $ | 2,000 | ||
Retained earnings | $ | 2,500 | ||
Total common equity | $ | 4,500 | ||
Total liabilities & equity | $ | 11,800 |
Sales are expected to grow by 12% 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.
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