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Umnica [9.8K]
3 years ago
7

AFN equation Broussard Skateboard's sales are expected to increase by 15% from $7.6 million in 2016 to $8.74 million in 2017. It

s assets totaled $2 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 4%, and the forecasted payout ratio is 55%. 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. $
Business
1 answer:
nata0808 [166]3 years ago
5 0

Answer:

$7,680

Explanation:

Assets totaled ($2 million ×15%) $300,000

Less spontaneous liabilities affected by sales

($450,000 accounts payable+$450,000 accruals) ( $900,000×15%) ($135,000)

Less Sales increased

($8,740,000×0.04×0.45) $157,320

Addition funds needed $7,680

Or

AFN =

($2,000,000×15%-$900,000×15%×$8,740,000×0.04×0.45)

=$7,680

Therefore the forecast Broussard's additional funds needed for the coming year will be $7,680

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Zolol [24]

You didn't put all the alternatives, but I understand economics and I know exactly that concept.

Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.

4 0
3 years ago
In a _________________________ economy, the individuals and the government share in the economic decision-making process. These
Fantom [35]

<u><em>Answer:</em></u>

<u><em>Mixed economy</em></u>

<u><em>Explanation:</em></u>

There are three types of Economies:

<u><em>Command Economy:</em></u>

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

<u><em>Free market:</em></u>

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

<u><em>Mixed Economy:</em></u>

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

<u><em>So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.</em></u>

6 0
2 years ago
Which of the following is recorded in a country’s balance of payments accounts?
nalin [4]

Answer:

Considering there are no options to pick from, the following accounts are recorded in a country’s balance of payments accounts:

1. the current account

2. the capital account

3. the financial account.

Explanation:

Therefore;

1. The current account is part of the country’s balance of payments accounts to define the inflow and outflow of goods and services into a particular country.

2. The capital account is also a country’s balance of payments account that documents all the international capital transfers of a country.

3. The financial account is part of the country’s balance of payments accounts where the international monetary flows concerning the investment in the business, real estate, bonds, and stocks are fully recordsd.

3 0
3 years ago
. Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 4 bars and the price is $4. In year
NikAS [45]

Answer:

Nominal GDP in year 1 = $16

Nominal GDP in year 2 = $25

Nominal GDP in year 3  = $36

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Nominal GDP is GDP calculated using current year prices

Nominal GDP in year 1 = 4 x $4 = $16

Nominal GDP in year 2 = 5 x $5 = $25

Nominal GDP in year 3 = 6 x $6 = $36

5 0
3 years ago
Future Clothes Inc., a publicly traded company, designs and manufactures wearable technology. What approach should Future Clothe
olganol [36]

Answer:

The interpretation of the discussion is characterized throughout the explanation segment below.

Explanation:

  • Concentrate on an investigation as well as implementation or enhancement as something with a category or manner of price-free competitive advantage.
  • With more than just related diversification, there is much less inflationary pressure as well as the corporation or manufacturer should start concentrating on non-price competitive advantage throughout the opportunity to expand mostly on the supply chain.

So the answer here is just the appropriate one.

5 0
2 years ago
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