Answer:
$7,680
Explanation:
Assets totaled ($2 million ×15%) $300,000
Less spontaneous liabilities affected by sales
($450,000 accounts payable+$450,000 accruals) ( $900,000×15%) ($135,000)
Less Sales increased
($8,740,000×0.04×0.45) $157,320
Addition funds needed $7,680
Or
AFN =
($2,000,000×15%-$900,000×15%×$8,740,000×0.04×0.45)
=$7,680
Therefore the forecast Broussard's additional funds needed for the coming year will be $7,680
