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stich3 [128]
3 years ago
14

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%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000.
Do not round intermediate calculations. Round your answer to the nearest dollar.
Business
1 answer:
AlekseyPX3 years ago
8 0

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

Only use Accruals and Accounts Payable

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit

= 9,200,000 * 4%

= $368,000

Addition to retained earnings = 368,000 * ( 1 - payout ratio)

= 368,000 * ( 1 - 45%)

= $202,400‬

Additional Funds Needed (AFN) = 750,000 - 135,000 - 202,400

= $‭412,600

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The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.--- True

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PBL is synonymous with performance-based life cycle product support, where outcomes are acquired through performance-based arrangements that deliver Warfighter requirements and incentivize product support providers to reduce costs through innovation. These Product Support Arrangements (PSA) are contracts with industry or intragovernmental agreements.

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1 year ago
Which step in the product development process involves announcing a new
Scorpion4ik [409]

Answer:

D

Explanation:

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3 years ago
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likoan [24]

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3 years ago
Chapter 44 discusses the "executive" and the "independent" administrative agencies. The primary distinction between the two type
MrMuchimi

Answers:

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DISADVANTAGE OF THE TRANSACTION:

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3) it will reduce the power been invested in the president in carrying on a better administration.

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