1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nat2105 [25]
3 years ago
5

Tobin Supplies Company expects sales next year to be $380,000. Inventory and accounts receivable will increase $100,000 to accom

modate this sales level. The company has a steady profit margin of 25 percent with a 35 percent dividend payout. How much external financing will Tobin Supplies Company have to seek
Business
1 answer:
Black_prince [1.1K]3 years ago
5 0

Answer:

$38,250

Explanation:

Calculation for how much external financing will Tobin Supplies Company have to seek.

First step

Net Income $95,000

(Sales $380,000×25%)

Less:Dividends ($33,250)

(35%×$95,000)

Increase in retained earnings $61,750

($95,000-$33,350)

Second step

Increase in assets$100,000

Less Increase in retained earnings($61,750)

External funds needed $38,250

Therefore the amount of external financing that Tobin Supplies Company have to seek will be $38,250

You might be interested in
Structural unemployment is caused by: Group of answer choices people losing a job when their skills become obsolete due to techn
Tanzania [10]

Structural unemployment is caused by <u>people losing a job when their skills become obsolete due to technological innovations.</u>

  • People who wish to work but are unable to obtain job are said to be experiencing structural unemployment. The abilities of the workers and the talents that businesses required do not match in structural unemployment.
  • Because the abilities of the workforce won't change despite advances in technology, if technological breakthroughs improve, there will be structural unemployment.
  • As a result of their inability to keep up with modern technology, they are losing their jobs.
<h2>What is Structural unemployment?</h2>

A mismatch between the skills of the jobless and the jobs that are available is referred to as structural unemployment. It differs from cyclical unemployment in that it results from factors other than the business cycle. 1 It happens when an underlying economic shift makes it challenging for some people to find work. It is more difficult to reverse than other forms of unemployment.

Learn more about types of structural unemployment at brainly.com/question/17272067?referrer=searchResults

#SPJ4

3 0
2 years ago
Which of these is the result of a government-regulated natural monopoly?
mezya [45]
I believe it would be C.) multiple installations of gas, water, and electric lines
5 0
3 years ago
Read 2 more answers
For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000, its net operating income was $63,714, it
mixer [17]

Answer:

Return on equity = Net income/Shareholders' equity x 100

                            = $29,600/$829,000 x 100

                            = 3.57%

The company's return on equity is closest to 3.67%

Explanation:

Return on equity is the ratio of net income to shareholders' equity. The net income = $29,600 and shareholders' equity = $829,000. The division of net income by shareholders' equity gives return on equity.

6 0
3 years ago
suppose that lenders want to receive a real rate of interest of 5%, and that they expect inflation to remain steady at 3% in the
HACTEHA [7]

The interest rate is 7%.

<u>Solution:</u>

The real rate of interest is always above the nominal interest rate when inflation is positive. In this case, we are told inflation is 3%. Since the real rate of return is the nominal interest rate minus inflation, we need a nominal interest rate of <u>5%+3%=8%</u> to get a real interest rate of 5%.

To calculate the real interest rate subtract the inflation rate from the nominal interest rate. Mathematically it looks like this The real interest rate is the nominal interest rate minus the inflation rate. Creeping inflation is a type of inflation in which the price level rises steadily at a moderate rate over an extended period of time.

Learn more about The interest rate here:-brainly.com/question/25793394

#SPJ4

7 0
1 year ago
If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is ______________.
Jobisdone [24]

Answer:

The amount of cash received from the sale is $1,027,500

Explanation:

In this scenario we first have to know the number of bonds issued and then multiply it by the bond price which is given to us in the question.

The bonds have a total face value of 1,000,000 and one bond is issued at 102.75 which means that the face value of a single bond is 100.

Now in order to find the number of bonds issued we will divide the total face value by the face value of a single bond.

1,000,000/100=10,000.

10,000 bonds were issued at $ 102.75 now in order to calculate the total cash received we will multiply the number of bonds with the issue price.

10,000*102.75=1,027,500

4 0
4 years ago
Other questions:
  • Suppose you are planning to spend $1,768 annually for vacation during the next 30 years. You are offered to pay $30,000 now so t
    10·1 answer
  • Research results showed that experimental Drug R had a minimal-to-modest effect in reducing the symptoms of Generalized Anxiety
    13·1 answer
  • A deficit on the current account Multiple Choice means that a nation is making international transfers. has no relationship to t
    7·1 answer
  • Hughes Aircraft sold a four-passenger airplane for $380,000, accepting a 12% note for the purchase price. This transaction would
    13·1 answer
  • Jenna leigh is an information savvy, 20-something person who is trying to select between two marketing job offers. she can eithe
    11·1 answer
  • The simple situation in which two parties come together and freely agree to an exchange is ethically legitimate only prima facie
    6·1 answer
  • The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. At the begin
    5·2 answers
  • You ordered items on sale for $78.90. the regular price for the items was $100.50. if the shipping is the same for both orders a
    9·1 answer
  • Rick is considering the following alternatives for investing in D Industries, which is now selling for $44 per share:
    14·1 answer
  • Which of the following statements does not correctly describe an adjustment to net income when determining cash flows from opera
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!