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This is for my Corporate Finance class. Please reply to me as soon as possible. I will leave dumps up. Question 15 (3 points) Dunweiler
This is for my Corporate Finance class. Please reply to me as soon as possible. I will leave dumps up.
Question 15 (3 points) Dunweiler Inc., is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000. If gross profits are historically 36% of sales, what is the expected cost of goods sold? Input number only (without $ sign), and round to the nearest dollar. A Question 16 (2 points) Jensen Inc. has net earnings of $24,000 this year and a dividend payout policy of 40% of earnings. If the firm follows its regular dividend payout policy, what will be the addition to retained earnings this year? Input number only (without $ sign) and round to the nearest dollar. A Question 18 (4 points) A firm has the following projections: Total sales of $146,000 Cost of goods sold equal to 72% of sales Beginning Inventory of $12,900 Age of ending inventory = 59 days Age of Account Receivable of 29 days. Calculate the projected accounts receivable for the firm (number only, no $ sign, round to the nearest dollar) AJ Question 19 (5 points) A firm has the following projections: Total sales of $167,000 Cost of goods sold equal to 73% of sales Beginning inventory of $12,900 Age of ending inventory of 60 days Accounts receivable of 31 days Accounts payable of 37 days Calculate the firm's projected purchases (number only, no $ sign, round to the nearest dollar) A/Step by Step Solution
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