Solution :
Expected sales = current sales x (1 + projected sale next year increase)
= 5,700 x (1 + 15%)
= $ 6555
Expected cost = current cost x (1 + projected sale next year increase)
= 4200 x (1 + 15%)
= $ 4830
Taxable income = 1500 x ( 1 + 15%)
= $ 1725
Taxes (34%) = 510 x (1+15%)
= $ 586.5
Net income = sales - cost - taxes
= 6555 - 4830 - 586.5
= $ 1138.5
Calculation of total asset :
Current asset = 3,900 x 1.15
= $ 4485
Fixed asset = 8100 x 1.15
= $ 9315
Total asset = 4485 + 9315
= $ 13800
Calculation of total liabilities
Current liabilities = 2200 x 1.15
= $ 2530
Long term debt = $ 3,750
Equity = $ 6050 + (1138.5 x 0.50 )
= $ 7189
Total liabilities = $ 2530 + $ 3,750 + $ 7189
= $ 13, 469
Therefore the external financial needed is = $ 13800 - $ 13, 469
= $ 331
Answer:
Answer A = $9,000
Answer B = $6,400
Answer C = $7,632
Answer D = $54,000
Answer E = $71,063
Explanation:
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Note: Complete question is attached to the attachment section
The answer is foreign currency fluctuations.
Foreign currency fluctuations are basically the change in the values of currencies based on the demand of that currency.
In other words, the more the number of investors invests in the stocks regulated by the stock market to buy exports of any country, the more will be the value of the currency of that particular country and vice versa.
Foreign currency fluctuation occurs for all floating currencies all over the world.
Since in the given case, the value of the euro changes from US$1 to US$1.60 from 2002 to 2008 respectively.
Hence, this change in value is called Foreign currency fluctuations.
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Answer:
A debit to Finished-Goods Inventory
Explanation:
While recording this transaction, the journal entry is as follows
Finished goods inventory $45,000
To work in process inventory $45,000
(Being the completed units are recorded)
For recording this, we debited the finished goods inventory and credited the work in process inventory so that the correct posting could be done and the same is shown above
Answer:
a. True
Explanation:
The system of the bank contains the customers data i.e. name and the address by which they could be identified also their accounts are identified. Each and every account has the balance option also it involved two types of accounts i.e. saving that provides the rate of interest and the other one is for investment that used to purchase the stocks
Hence, the given statement is true
