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anzhelika [568]
2 years ago
10

Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2019 to $10.75 million in 2020. Its assets tot

aled $2 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, 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 45%.
Required:
Use the AFN equation to forecast Broussard's additional funds needed for the coming year.
Business
1 answer:
Sonbull [250]2 years ago
4 0

Answer:

$236,500

Explanation:

Using the AFN equation to forecast Broussard's additional funds

Sales expected in 2019 2,150,000

( 8,600,000* .25)

After-tax profit margin 430,000

(10,750,000*4%)

Dividend payments 193,500

[$430,000 * 45%]

Addition to retained earnings $236,500

[$430,000 - $193,500]

Therefore forecast Broussard's additional funds needed for the coming year will be $236,500

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Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. What amou
jeka57 [31]

Answer:

Break-even point (dollars)= $275,000

Explanation:

Giving the following information:

sales $200,000

variable costs $120,000

fixed costs $60,000

desired profit= $50,000

<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]

Break-even point (dollars)= 110,000 / 0.4

Break-even point (dollars)= $275,000

6 0
2 years ago
The _______ has developed privacy principles for its members to impose constraints upon themselves in order to not infringe on t
Neporo4naja [7]

The answer is organization.

<h3>What is the organization?</h3>
  • An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can describe a person, a group, a company, or the process of creating or developing anything.
  • For instance, a corporation, a club, a charity, or a political party. According to an International Labour Organization report, the majority of these specialist schools are offered by nonprofit groups. Synonyms: group, company, party, body Additional words for the organization
  • The organization includes task alignment with respect to the company's ultimate aim and the division of labor among personnel. It can also be referred to as the second-most significant managerial activity, coordinating employee efforts, acquiring resources, and fusing the two in support of organizational objectives.
  • The four primary types of business entities are the LLC, the corporation, the partnership, and the sole proprietorship. Each of them is described in more detail below, along with how it relates to company law.

The organization has developed privacy principles for its members to impose constraints upon themselves in order to not infringe on the rights of the consumers.

To learn more about organization, refer to:

brainly.com/question/19334871

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3 0
1 year ago
As a manager for a company that is looking to expand to China, what should your company focus on?
egoroff_w [7]

Answer:

The correct answer is letter "A": Building relationships with suppliers and business partners.

Explanation:

For a manufacturing company that is interested to start businesses abroad, it is important to find out if the operations processes can be carried out at least under the same characteristics as in the country of the firm's origin. Managers must analyze if all the components of their <em>supply chain</em> are likely to be found in the new region. Besides, managers should look for <em>local business partnerships</em> that will help the association adapt to the new market easier.

4 0
3 years ago
Jerry's Flowers had the following cost information related to its purchases of merchandise. Calculate the total cost of merchand
ch4aika [34]

Answer:

$91,100

Explanation:

Calculation to determine the total cost of merchandise purchased

Using this formula

Total cost of merchandise purchased = Invoice cost of merchandise purchases + Cost of transportation in - Purchase returns and allowances - Purchase discount

Let plug in the formula

Total cost of merchandise purchased= $100,000 + $500 - $400 - $9,000

Total cost of merchandise purchased= $91,100

Therefore the total cost of merchandise purchased is $91,100

3 0
3 years ago
Explain whether the following statements are true or false.
Nastasia [14]

Answer:

  1. FALSE
  2. TRUE
  3. FALSE
  4. TRUE
  5. FALSE

Explanation:

  • Usually, derivative transactions are being used to hedge transactions so that decreased risk and used to increase the high returns, so the following statement is FALSE.
  • This statement is TRUE as hedge funds have typically had a minimum offer of the sum above $1 million.
  • This statement is FALSE as we can see that Hedge Funds are mostly uncontrolled on the market, on the other side we might argue that mutual funds are highly regulated.
  • this statement is TRUE because,The geographical location of the New York Stock Exchange is in New York.
  • this statement is FALSE, because the bid starts from, where the seller wants his minimum profit.

 

 

6 0
2 years ago
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