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Alinara [238K]
3 years ago
11

The initial assessment of feasibility is made in theâ ________ phase of the systems development life cycle.

Business
1 answer:
NARA [144]3 years ago
8 0
A or d hope this helps
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Sales and costs are projected to grow at 20% a year for at least the next 4 years. Both current assets and accounts payable are
shusha [124]

Question Completion:

The 2017 financial statements for Growth Industries are presented below  

INCOME STATEMENT, 2017  

Sales $ 380,000  

Costs 240,000  

EBIT $ 140,000  

Interest expense 28,000  

Taxable income $ 112,000  

Taxes (at 35%) 39,200

Net income $ 72,800  

Dividends 21,840

Addition to retained earnings 50,960  

BALANCE SHEET, YEAR -END, 2017  

Assets    

Current assets  

Cash      $ 7,000      

Accounts receivable 12,000

Inventories 31,000

Total current assets $ 50,000  

Net plant and equipment 320,000

Total assets $ 370,000

Liabilities

Current liabilities

Accounts payable $ 14,000

Total current liabilities $14,000

Long-term debt Stockholders' equity 280,000

Common stock plus additional paid-in capital 15,000

Retained earnings 61,000  

Total liabilities and stockholders' equity $ 370,000

Answer:

Growth Industries

The required external financing over the next year is:

= $16,600.

Explanation:

a) Data and Calculations:

Sales and costs projected growth rates = 20%

Current assets and accounts payable growth rates = 20%

Fixed assets growth rates = 20%

Interest expense = 10% of long-term debt outstanding

Dividend payout ratio = 0.40

INCOME STATEMENTs,               2017        Projected

Sales                                      $ 380,000   $456,000 ($380,000 * 1.2)

Costs                                        240,000      288,000 ($240,000 * 1.2)

EBIT                                        $ 140,000    $168,000

Interest expense                       28,000        28,000

Taxable income                     $ 112,000    $140,000

Taxes (at 35%)                          39,200        49,000

Net income                            $ 72,800      $91,000

Dividends                                   21,840       36,400

Addition to retained earnings 50,960    $54,600

Retained earnings, 2017  $61,000

Projected addition             54,600

Retained earnings,         $115,600

BALANCE SHEET, YEAR -END, 2017  

Assets                                                                2017   Projected

Current assets  

Cash                                                               $ 7,000      $8,400 ($7,000*1.2)

Accounts receivable                                       12,000       14,400 (12,000*1.2)

Inventories                                                      31,000      37,200 (31,000*1.2)

Total current assets                                   $ 50,000   $60,000

Net plant and equipment                           320,000    384,000 ($320,000*1.2)

Total assets                                             $ 370,000 $ 444,000

Liabilities

Current liabilities

Accounts payable                                     $ 14,000      $16,800 ($14,000*1.2)

Total current liabilities                               $14,000      $16,800

Long-term debt Stockholders' equity     280,000     280,000

Common stock plus

additional paid-in capital                           15,000        15,000

Retained earnings                                      61,000      115,600

Total liabilities

and stockholders' equity                    $ 370,000  $427,400

External Financing Required = Assets - Liabilities & equity

Assets =                    $444,000

Liabilities + Equity = $427,400

External financing      $16,600

5 0
2 years ago
Which of the examples provides the best evidence that inflation has occurred? A person whose salary has decreased is able to pur
vladimir2022 [97]

Answer:

A person whose salary has increased is able to purchase fewer goods and services.

Explanation:

Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.

Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.

In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.

7 0
3 years ago
Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba
stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0
3 years ago
Journalize the following transactions for Combs Company.
lions [1.4K]

Answer:

No      Account Titles and Explanation             Debit       Credit

A.        Raw material inventory                          $13,800

                Direct material price variance                            $740                        

                 ($13,800 - $13,060)

                 Account payable                                                 $13,060

           (To record purchase of materials)

B.      Work in process inventory                          $13,780

         6,890 * ($13,800/6,900)

               Direct material quantity variance                           $220                

               ($13,780 - $13,560)

               Raw materials inventory                                          $13,560

               6,780 * ($13,800/6900)

      (To record materials issued to production)

8 0
3 years ago
On January 1, 2012, Coronado Industries purchased for $762000, equipment having a useful life of ten years and an estimated salv
kari74 [83]

Answer:

$45,800

Explanation:

Coronado Industries

Cost of Equipment $762,00

Accumulated Depreciation

( $762,000 - 45,000 ) /10*9 years

=$717,000/10×9 years

=71,700×9 years

=$645,300

Therefore Dec 31,2012 book value of equipment will be:

= $762,000 - $645,300

= $116,700

Equipment sold $162,500

The gain to be recognize will be

= $162,500 - $116,700

= $45,800

1 January ,2012 to 31 December,2020 will give us 9 years

4 0
2 years ago
Read 2 more answers
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