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Natalka [10]
3 years ago
5

The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $3,900 Current asse

ts $4,700 Current liabilities $860 Costs 1,900 Fixed assets 4,700 Long-term debt 3,610 Taxable income $2,000 Equity 4,930 Taxes (22%) 440 Total $9,400 Total $9,400 Net income $1,560 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent. What is the external financing needed?
Business
1 answer:
Ratling [72]3 years ago
7 0

Answer:

$2,896 is needed

Explanation:

external financing needed = net income - working capital needs - capital expenditures + retained earnings

  • net income = $1,560 x 1.2 = $1,872
  • working capital needs = ($4,700 x 1.2) - ($860 x 1.2) = $5,640 - $1,032 = $4,608
  • capital expenditures = fixed assets x 20% = $940
  • retained earnings = $1,560 x 50% = $780

external financing needed = $1,872 - $4,608 - $940 + $780 = -$2,896

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Elise, an emergency medical technician renders aid to a participant in Forest Trail Marathon, an athletic event. Regarding a sui
viktelen [127]

Answer:

an applicable Good Samaritan statute.

Explanation:

Good Samaritan law protects those that act to help someone the perceive to be injured, ill, in peril, or incapacitated.

This law was put in place to protect bystanders that want to help a person that is injured. They will not be held liable in case of wrongful death or unintentional injury.

So the suit against Elise for negligence by the Forest Trail Marathon participant is not enforceable as she is immune from liability under the good samaritan statute.

4 0
3 years ago
While she was travelling, Zainab took advantage of the convenience of cash withdrawals on her credit card since her Canadian deb
Dvinal [7]

1. Zainab's total bill when she got home will be <u>$3,703.33.</u>

2. The total interest paid is <u>$28.33</u>.

<h3>What is a credit card?</h3>

A credit card is a payment card that enables the cardholder to make purchases charged to a line of credit instead of the account holder's cash deposits. The credit card account accrues interest periodically (most ideally, daily) and payment may be required each month to offset the balance.

<h3>What is Future Value?</h3>

The future value is the amount that will be due on an investment or payment after compounding interest for a future date.  The future value can be computed with the formula below.

FV = PV(1+r)^n

Where:

FV = future value

PV = present value

r = annual interest rate

n = number of periods interest held

The future value can also be calculated using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Annual interest rate = 28%

Daily interest rate = 0.0767 (28%/365)

N (# of periods) = 21 days

I/Y (Interest per year) = 28%

PV (Present Value) = $0

PMT (Periodic Payment) = $175

P/Y (# of periods per year) = 365 days

C/Y (# of times interest compound per year) = 365 days

<u>Results</u>:

FV = $3,703.33

Sum of all periodic payments = $3,675.00 ($175 x 21)

Total Interest = $28.33

Thus, Zainab's total bill is $3,703.33 with an interest of $28.33.

Learn more about future value (total bill) at brainly.com/question/24703884

7 0
2 years ago
Explain how growing personal income is related to economic conditions.
NISA [10]

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures.  It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy.  Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors.  Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.

7 0
2 years ago
Amy currently volunteers at her local hospital. She would like to one day
Lyrx [107]

Answer:

C

Explanation:

C focuses on health care careers it makes the most sense if she wants to be a doctor.

7 0
3 years ago
Read 2 more answers
A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0
3 years ago
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