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I have 3 questions that I need the exact answers for. I do not want answers with similar numbers, I want the exact answers for

I have 3 questions that I need the exact answers for. I do not want answers with similar numbers, I want the exact answers for my specific problems. The questions are in the attached word document and they are pasted below:

Problem 12-5 Long-Term Financing Needed

At year-end 2016, Wallace Landscapings total assets were $1.7 million and its accounts payable were $355,000. Sales, which in 2016 were $2.1 million, are expected to increase by 30% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $395,000 in 2016, and retained earnings were $255,000. Wallace has arranged to sell $105,000 of new common stock in 2017 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2017. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its profit margin on sales is 7%, and 55% of earnings will be paid out as dividends.

  1. A.WhatwasWallace'stotallong-termdebtin2016?Roundyouranswertothenearestdollar.$
  2. B.WhatwereWallace'stotalliabilitiesin2016?Roundyouranswertothenearestdollar.$
  3. C.Howmuchnewlong-termdebtfinancingwillbeneededin2017?(Hint:AFN-Newstock=Newlong-termdebt.)Roundyouranswertothenearestdollar.$

Problem 12-1 AFN equation

  • Broussard Skateboard's sales are expected to increase by 20% from $8.8 million in 2016 to $10.56 million in 2017. Its assets totaled $3 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations.$

Problem 12-4 Sales Increase

Maggie's Muffins, Inc., generated $2,000,000 in sales during 2016, and its year-end total assets were $1,500,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2017, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 5%, and its payout ratio will be 65%. How large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate? Do not round intermediate steps. Round your answers to the nearest whole.

Sales can increase by $______________ that is by_____________________ %. ( I need both answers $ and %)

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