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3 years ago

In the financial planning model external funds needed (efn) is equal to changes in

Business

2 answers:

notsponge [240]3 years ago

4 0

Answer:

Hi your question lacks the required options here is the complete question and options

In the financial planning model, the external financing needed (EFN) as shown on a pro forma balance sheet is equal to the changes in assets:

A. plus the changes in both liabilities and equity.

B. plus the changes in liabilities minus the changes in equity.

C. minus the change in retained earnings.

D. minus the changes in liabilities.

E. minus the changes in both liabilities and equity.

Answer : Changes in assets minus the changes in both liabilities and equity ( E )

Explanation:

The external financing needed is calculated by subtracting the the working capital needs of a company and the company expenditures from the net income of the company and this will help determine how much of external financing that the company will require.

Hence from the options listed the assets the changes in assets minus the changes in both liabilities and equity which is equivalent to the company's expenditure and net income of the company.

shtirl [24]3 years ago

3 0

Assets - (liabilities + equity)

Hope this helps!

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Pitney Co. purchased an office building, land, and furniture for $639,300 cash. The appraised value of the assets was as follows

serg [7]

Solution :

a). Amount to be recorded on the books for each of the assets.

Working Allocated cost($)

Land (639,300 / 716,016 )x 136,043 121467

Building (639,300 / 716,016 )x 179,004 159825

Furniture (639,300 / 716,016 )x 400,969 358008

Total 639,300

b). Statement model

Assets : Cash + Land + Building + Furniture

639,300 + 121,467 + 159825 + 358008

Cash flow = 639,300

c). Journal entry

General journal Debit($) Credit($)

Land 121,467

Building 159,825

Furniture 358,008

Cash 639,300

5 0

3 years ago

After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and

Nat2105 [25]

Answer:

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6 0

3 years ago

What are the two components of a universal policy?

gtnhenbr [62]

Answer:

Hey mate.....

Explanation:

This is ur answer.....

Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.

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8 0

3 years ago

Read 2 more answers

Tuity Fruity Beverage Company's operating activities for the year are listed below. Purchases $140 comma 700 Operating expense

blsea [12.9K]

Answer:

The cost of goods sold for the year is $134,300

Explanation:

The cost of goods sold for the year = Beginning inventory + Merchandise Purchased - Ending inventory

Tuity Fruity Beverage Company's purchases $140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.

Therefore:

The cost of goods sold for the year = $12,600 + $140,700 - $19,000 = $134,300

3 0

3 years ago

The accumulated depletion account is a.an expense account b.reported on the income statement as other expense c.reported on the

bonufazy [111]

Answer:

The answer is c.reported on the balance sheet as a deduction from the cost of the mineral deposit.

Explanation:

Accumulated Depletion Account is the account showing the accumulated depletion expenses relating to the use/exploitation of natural resources since the beginning.

Just like Accumulated Depreciation Account, The Accumulated Depletion Account is a contra-asset account which is reported on the Balance Sheet under the Natural Resources Account; the net effect of the two account shows the net book value of Natural Resources Account.

Thus, c. reported on the balance sheet as a deduction from the cost of the mineral deposit. is the correct choice.

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3 years ago