Answer:
$2,253.35
Explanation:
external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]
total assets = $48,900
total sales = $42,700
$ Δ sales = $5,978
current liabilities = $3,650
profit margin = net income / sales = 0.129
forecasted sales = $48,678
dividends payout ratio = dividends / net income = 0.35
EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]
EFN = $6,846 - $511 - $4,081.65 = $2,253.35
Answer: low invol- Georgina Megan Dina
High invol Laura Charles jonny
Explanation:
Answer:
From 2018, there is a threshold limit of $250,000 defined by IRS for single:
(a) Tim has an excess business loss:
= Business loss - Threshold
= $350,000 - $250,000
= $100,000
(b) Tim may use $250,000 of the $350,000 LLC business loss to offset non business income.
The excess business loss is treated as the portion of the Tim's NOL carry forward.
Excess business loss of $100,000 will be treated as the NOL carryforward to subsequent years.
Answer:
The amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.
Explanation:
Let cash received from customers be x
:
$12,700 + x - $14,800 = $12,300
x = $14,400
Therefore, The amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.
Answer:
$3,860
Explanation:
The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.
Therefore to calculate final balance of allowance for doubtful balance
Beginning balance 2700
Bad debt expense (410000*1%) 4100
Less: Written off -2940
Ending balance 3860
So answer is $3,860
