Piano Co. recently reported sales of P100 million, and net income equal to P5 million. The company has P70 million in total assets. Over the next year, the company is forecasting a 20 percent increase in sales. Since the company is at full capacity, its assets must increase in proportion to sales. The company also estimates that if sales increase 20 percent, spontaneous liabilities will increase by P2 million. If the company's sales increase, its profit margin will remain at its current level. The company's dividend payout ratio is 40 percent. Based on the RNF formula, how much additional capital must the company raise in order to support the 20 percent increase in sales? * A. 2,000,000 B. 6,000,000 C. 8,400,000 D. 9,600,000

Which of the following does not belong to the group? * A. Official Receipt B. Provisional Receipt C. Receiving Report D. Cash Sales Invoice

Converting receivables faster by selling it is called * A. Pledging B. Factoring C. Weighted Average D. Specific Identification