In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?<\/p>
Last year's sales = $200,000<\/p>
Last year's accounts payable $50,000<\/p>
Sales growth rate = 40%<\/p>
Last year's notes payable $15,000<\/p>
Last year's total assets = $137,500<\/p>
Last year's accruals $20,000<\/p>
Last year's profit margin = 20.0%<\/p>
Target payout ratio25.0%<\/p>
<\/p>
Select the correct answer.<\/p>
a. - $15,050b. - $15,000c. - $15,100d. - $14,900e. - $14,950<\/p>", "transcribed_text": "", "related_book": { "title": "Calculus With Applications", "isbn": "978-0135871348, 0135871344", "edition": "12th Edition", "authors": "Margaret L. Lial", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6394add235772_20065.jpg", "uri": "\/textbooks\/calculus-with-applications-12th-edition-9780135871348", "see_more_uri": "" }, "free_related_book": { "isbn": "0566074338", "uri": "\/textbooks\/35-checklists-for-human-resource-management-9780566074332-100730", "name": "35 Checklists For Human Resource Management", "edition": "1st Edition" }, "question_posted": "2024-06-09 11:05:38", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-following-sales-information-concerning-johnson-johnsons-primary-business", "description": "The following sales information concerning Johnson & Johnson's primary business segments appeared in the company's 2008 SEC Form 10-K (dollar in millions). a. Which of the three primary business...", "stars": 3 }, { "url": "\/fuller-aerosols-manufactures-six-different-aerosol-can-products-room", "description": "Fuller Aerosols manufactures six different aerosol can products ( room deodorants, hair sprays, furniture polish, and so forth) on its fill line. The fill line mixes the ingredients, adds the...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/three-contestants-in-a-quiz-show-have-to-answer-in-1982778", "description": "Three contestants in a quiz show have to answer, in turn, a series of questions. Let p1, p2, and p3 be the probabilities that the first, second, and third player answer a question correctly. The game...", "stars": 3 }, { "url": "\/the-volume-of-a-dry-box-a-closed-chamber-with", "description": "The volume of a dry box (a closed chamber with dry nitrogen flowing through it) is 2.0 m3. The dry box is maintained at a slight positive gauge pressure of 10 cm H2O and room temperature (25C). If...", "stars": 3 }, { "url": "\/study-help\/questions\/mace-and-bowen-are-partners-and-share-equally-in-income-9862626", "description": "Mace and Bowen are partners and share equally in income or loss. Mace's current capital balance is $180,000 and Bowen's is $157,500. Mace and Bowen agree to accept Kent with a 30% interest in the...", "stars": 3 }, { "url": "\/study-help\/questions\/1996-year-taken-as-base-index-rate-100-cppfinal-accounts-5509932", "description": "1996 year taken as base index rate 100 CPP-Final Accounts (10 Marks) Question: 1_The opening balance sheet and income statement for the year 2016 of Chand LLC., are as follows: LIABILITES OMR ASSETS...", "stars": 3 }, { "url": "\/study-help\/questions\/describe-how-a-companys-failure-to-determine-its-design-capacity-1003823", "description": "Describe how a company's failure to determine its design capacity and system capacity will affect its ability to turn a profit. Give a concrete example to demonstrate this effect Note: In Essay Form", "stars": 3 }, { "url": "\/study-help\/questions\/q-1-consider-the-anthropomorphic-arm-as-shown-in-1029099", "description": "Q 1 . ?Consider the anthropomorphic arm as shown in Fig. where the link frames have been illustrated, determine the manipulator Jacobian matrix and analyze it . ( solve with complete step numerically...", "stars": 3 }, { "url": "\/study-help\/questions\/as-a-health-care-consumer-who-recently-switched-to-a-1004287", "description": "As a health care consumer who recently switched to a managed care health plan, you were very worried about the quality of the care provided to you. You were wondering if there were any reviews of...", "stars": 3 }, { "url": "\/study-help\/questions\/given-the-estimated-regression-equation-ey-30-2x1-1004052", "description": "Given the estimated regression equation E(Y) = 30 + 2(x1) - 3(x2) + 10(x1x2) where x1= age and x2-gender (0 is female, 1 otherwise) what is the estimated value of Y when x1= 30 and x2-female? 90 387...", "stars": 3 }, { "url": "\/study-help\/questions\/consider-a-call-center-for-software-support-3-representatives-1004198", "description": "Consider a call center for software support: - 3 representatives answer phones (each can handle all types of calls) - Calls arrive according to a Poisson process. On average, there are 20 calls per...", "stars": 3 }, { "url": "\/study-help\/questions\/time-left-010-14-the-corporate-university-model-approach-to-5091431", "description": "Time left 0:10: 14 The corporate university model approach to organizing the training function: Oa. Centralises training to ensure that the best training practices are used company wide. Jestion Ob....", "stars": 3 }, { "url": "\/study-help\/introduction-to-accounting-information-systems\/the-critical-path-takes-a-29-days-to-complete-b-1554511", "description": "The critical path takes: (a) 29 days to complete. (b) 31 days to complete. (c) 35 days to complete. (d) 37 days to complete.", "stars": 3 }, { "url": "\/study-help\/introduction-to-accounting-information-systems\/if-activity-c-is-delayed-by-two-days-the-critical-1554510", "description": "If activity C is delayed by two days, the critical path is: (a) not affected. (b) increased by two days. (c) possibly increased, depending on slack in subsequent activities. (d) unable to be...", "stars": 3 }, { "url": "\/study-help\/introduction-to-accounting-information-systems\/the-amount-of-slack-in-activity-d-is-a-no-1554509", "description": "The amount of slack in activity D is: (a) no days. b) one day. c) two days. d) three days.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/question-from-httpswwwsecgov-create-unlevered-free-cash-flow-calculation-in-2511589", "next": "\/study-help\/questions\/find-the-coordinate-of-the-point-at-which-the-tangent-2511591" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Finance", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-finance" }, { "name": "In your internship with Lewis, Lee, & Taylor Inc. you have been", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/in-your-internship-with-lewis-lee-taylor-inc-you-2511590" } ], "skill_details": { "skill_id": "13", "skill_name": "Finance", "parent_id": "1" } } } }