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help answering shares and earnings per share ASSUMPTIONS The Sharks gave you the $1,000,000 in funding you requested in exchange for ownership of your company's

help answering shares and earnings per share
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ASSUMPTIONS The Sharks gave you the $1,000,000 in funding you requested in exchange for ownership of your company's profits. SELLING & ADMINISTRATIVE EXPENSE: use a *year average percent-of-sales to forecast expenses. (HINT: Find what percent expense is for each of 2020, 2021, and 2022, and average the 3 results together. Use the resulting average Percent-of-Sales toforecast into the future.) DEPRECIATION EXPENSE: Depreciation ex*nse is a fixed cost in the amount of 10% of Plant & Equent each year. TAXES: Because you live in a business-friendly State (Wyoming), pu dodt have to pay state taxes on pur LLC's income. You do, however, still have to pay Federal taxes. Also, in 2022, higher tax rates were passed for the 2023 tax year, pushing income over $400,000 into the 39.6% tax bracket. Because of this, use 36% as your effective tax rate. (NOTE: If the taxes shown for 2020-2022 seem high, it's because you had income from anotherjob that threw your LLC income into a slightly higher tcu bracket. However, you'll quit that job IF the sharks fund you!) CASH: tc $50,011 in 2023 gnd gtthgt level. ACCOUNTS RECEIVABLE: IJse a 3-year average Receivables Turnover ratio to forecast. (HINT: Find the formula for Receivables Turnover (R TO) in your Week 2 Chapter readings, and solve for RTO for each of 2020, 2021, and 2022 Average the 3 results together. Plug your Average RTO into the RTOformulafor each future year, along with your other known number fran your financial statements, to find your forecasted Accounts Receivable amounts. This is demonstrated in your Week 2 Lesson!) PLANT & EQUIPMENT: There is a new capital expenditure of $750,000 dollars in 2023, paid for from the SIM in funding from the sharks, rather than with new debt. (All capital expenditures are assumed to occur on January 1st of the year of purchase, and no equipment is sold or salvaged during the forecasted period.) ACCOUNTS PAYABLE: use the 3-year average Current Ratio to forecast. (HINT: The Current Ratio will help youforecast TOTAL Current Liablities, not Accounts Payable. Find Total Current Liabilities and Accrued Expenses first, and then you can solve for Accounts Payable. ) LONG-TERM LIABILITIES: down Slcc,ccc cf cld 2023. CAPITAL PAID IN EXCESS OF PAR: The shark's full investmentof SIM must reflected on the Balance Sheet. The stock received by' the shark, worth $26,000 (at Par value of Sl share), is already reflected under Common Stock. The rest of the shark's investment value is added to this account. DIVIDENDS: You dc not p; i,' dividends now gnd do not plgn to while in growth stgge.

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