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
Nostrana [21]
3 years ago
9

The balance sheet data below pertain to American Pulp and Paper for the recent year ended. In addition, sales were $60 million.

For the coming year, management believes that sales will increase by 20% to a total of $72 million. The profit margin is expected to be 5%, and the dividend payout ratio is targeted at 40%. No excess capacity exists. Determine the additional funds needed (AFN) in millions of dollars for the coming year using Additional Funds Needed (AFN) Equation Method.
Business
1 answer:
enot [183]3 years ago
5 0

Answer:

$0.24 million

Explanation:

Calculation to Determine the additional funds needed (AFN) in millions of dollars for the coming year using Additional Funds Needed (AFN) Equation Method

Additional Funds Needed (AFN) =[ (14/60)(12) - (2/60)(12)]- (0.05)(72)(.6)

Additional Funds Needed (AFN) = ($2.8 - 0.4) -$2.16

Additional Funds Needed (AFN) =$0.24 million

Therefore the additional funds needed (AFN) in millions of dollars for the coming year using Additional Funds Needed (AFN) Equation Method is $0.24 milion

You might be interested in
Even though he is not a manager, Mr. Brate is the one to see in the company when there is something you need. He will get it qui
MAVERICK [17]

Answer:

Informal organisation

Explanation:

There are two forms of organisations in a business. The informal organisation and formal organisation.

Informal organisation is the social structure of an organisation, based on social interaction among its members. So even if Mr. Brate is not a management staff, his ability to get things done easily makes him an important member of the informal organisation.

Often informal organisation functions alongside the formal organisation in a business.

8 0
3 years ago
When the craving for pizza increases, the ability to concentrate decreases?
Reptile [31]
Yes it always decreases 
3 0
4 years ago
Read 2 more answers
What is a career cluster for cook
MAVERICK [17]
Baker,chef,personal cook,professional chef,and many others
4 0
3 years ago
Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is
Kruka [31]

Answer:

5%

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

7 0
3 years ago
Which of the following type of income should a budget be based on
Luba_88 [7]
Investment property income should a budget be based
6 0
3 years ago
Other questions:
  • 3. What is the smart thing Pedro should do after he graduates?
    10·2 answers
  • Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.
    8·1 answer
  • Merger and acquisition strategies a.are nearly always superior alternatives to forming alliances or partnerships with these same
    14·1 answer
  • Columbia Sportswear makes nylon activewear. Its marketing manager set a goal to increase sales 12 percent over the next three ye
    14·1 answer
  • The cost method that will yield the highest taxable income during times of inflation is the a.weighted average inventory cost me
    8·1 answer
  • What can you do with a Business administration/management degree?
    14·1 answer
  • The Astro World amusement park has the opportunity to expand its size nowâ (the end of yearâ 0) by purchasing adjacent property
    15·1 answer
  • Question 10 of 10 Which of the following best describes what a manager does? A. Influences others to purchase certain goods from
    6·1 answer
  • When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the bu
    14·1 answer
  • What kinds of action could you take when you execute your decisions in the ipde process?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!