Answer:
-$1,908
Explanation:
Current liabilities:
= Total debt - Long term debt
= $21,750 - $18,100
= $3,650
Retained earnings:
= Net income - Dividend
= $5,500 - $1,925
= $3,575
Increase in assets:
= Total assets × Percentage increase in sales
= $48,900 × 4%
= $1,956
Increase in liabilities:
= Current liabilities × Percentage increase in sales
= $3,650 × 4%
= $146
Increase in retained earnings:
= Retained earnings × (1 + 4%)
= $3,575 × 1.04
= $3,718
Therefore,
External financing need:
= Increase in assets - Increase in liabilities - Increase in retained earnings
= $1,956 - $146 - $3,718
= -$1,908
I think the most approximate answer would be B. As this would increase his/her liabilities but totally NOT assets. The best way, is that you should manage to have more assets than liabilities, in order to go and enjoy your vacation.
I hope you helped you!
Answer:
Personalized marketing
Explanation:
Personalized marketing allows companies to offer people personalized content based on their interests or shopping experience.
