Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pe to grow by 10% next year. Using the following states the percent of sales method for the found to the rest Centato Depreca Cincome

image text in transcribed
image text in transcribed
image text in transcribed
pe to grow by 10% next year. Using the following states the percent of sales method for the found to the rest Centato Depreca Cincome Arabie tinery Error and me Answer by the banks Hund the newest do Incon Statement Sales This Year Forecast 520000 -Comcept Depron 100 000 EBITDA 100 000 Datton 6.000 94000 -Instid 100 Pincome 93,600 Income Tax 32,760 Tecome 50,00 slance Sheet This Year Forecast Cachand Eulents $15.000 A Receive 2.000 4000 Tut ContAsset Property. Plant and 21.000 10.000 TA 33100 and Equity Au Payalee $1,500 4.000 5.500 Stors' 25.500 Tolerand $31.000 Tout The tax cuts and Act 2017 w 100% bonus relationer del However wirection in the and to the problem anticipation of the parties during your career Jim's Espresso expects sales to grow by 10% next year. Assume that Jim's pays out 90% of its net income. Use the following statements and the percent of sales method to forecast a Stockholders equity b. Accounts payable Answer by filling in the blanks, Round to the nearest dollar Income Statement This Year Forecast Sales $200,000 Costs Except Depreciation 100.000 EBITDA 100,000 - Depreciation 6.000 EBIT 94.000 Interest Expense (net) 400 Pretax income 93800 Income Tax S 32.760 Net Income 560.540 This Balance Sheet Year Forecast Assets Cash and Equivalent Accounts Receivable Inventories $15.000 2.000 4000 21.000 Total Current Assets Property. Pintand Equipment Total Amet 10.000 $31.000 Land Accounts Payable 31.500 4.000 Det Total 5.500 Stockholder tout 25.500 Total ties and Equity $31.000 Jim's Espresso Acts Silestotrow by 10% next year is changes its payout ratio fron 90% of net income to 70%. How will the pet new rating change the current financial statements are given below. Income Statement sales -Costs Excent Depreciation EBITDA -Depreciation $200,000 100,000 100.000 6.000 EBIT Interest Expense.net 24.000 400 93 600 Pretax income - Income Tax (35 32,760 Net Income $60.840 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property. Plant and Equipment Total Assets $15,000 2,000 4.000 21,000 10,000 $31.000 Liabilities and Equity Accounts Payable $1,500 4.000 Debt 5.500 Total Liabilities Stockholders' Equity TotalLabities and Equity 25.500 $31,000 Answer: The total new financing will be Hound to the rest dot. For excesin fundin entera NEGATIVEmber pe to grow by 10% next year. Using the following states the percent of sales method for the found to the rest Centato Depreca Cincome Arabie tinery Error and me Answer by the banks Hund the newest do Incon Statement Sales This Year Forecast 520000 -Comcept Depron 100 000 EBITDA 100 000 Datton 6.000 94000 -Instid 100 Pincome 93,600 Income Tax 32,760 Tecome 50,00 slance Sheet This Year Forecast Cachand Eulents $15.000 A Receive 2.000 4000 Tut ContAsset Property. Plant and 21.000 10.000 TA 33100 and Equity Au Payalee $1,500 4.000 5.500 Stors' 25.500 Tolerand $31.000 Tout The tax cuts and Act 2017 w 100% bonus relationer del However wirection in the and to the problem anticipation of the parties during your career Jim's Espresso expects sales to grow by 10% next year. Assume that Jim's pays out 90% of its net income. Use the following statements and the percent of sales method to forecast a Stockholders equity b. Accounts payable Answer by filling in the blanks, Round to the nearest dollar Income Statement This Year Forecast Sales $200,000 Costs Except Depreciation 100.000 EBITDA 100,000 - Depreciation 6.000 EBIT 94.000 Interest Expense (net) 400 Pretax income 93800 Income Tax S 32.760 Net Income 560.540 This Balance Sheet Year Forecast Assets Cash and Equivalent Accounts Receivable Inventories $15.000 2.000 4000 21.000 Total Current Assets Property. Pintand Equipment Total Amet 10.000 $31.000 Land Accounts Payable 31.500 4.000 Det Total 5.500 Stockholder tout 25.500 Total ties and Equity $31.000 Jim's Espresso Acts Silestotrow by 10% next year is changes its payout ratio fron 90% of net income to 70%. How will the pet new rating change the current financial statements are given below. Income Statement sales -Costs Excent Depreciation EBITDA -Depreciation $200,000 100,000 100.000 6.000 EBIT Interest Expense.net 24.000 400 93 600 Pretax income - Income Tax (35 32,760 Net Income $60.840 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property. Plant and Equipment Total Assets $15,000 2,000 4.000 21,000 10,000 $31.000 Liabilities and Equity Accounts Payable $1,500 4.000 Debt 5.500 Total Liabilities Stockholders' Equity TotalLabities and Equity 25.500 $31,000 Answer: The total new financing will be Hound to the rest dot. For excesin fundin entera NEGATIVEmber

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions

Question

f. What subspecialties and specializations does the person list?

Answered: 1 week ago

Question

A coupon for future price reductions

Answered: 1 week ago