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Black_prince [1.1K]

2 years ago

12

Some companies choose not to employ salespeople, instead contracting with salespeople who sell the company's products. What are

these salespeople called

1 answer:

Nonamiya [84]2 years ago

4 0

They are called manufacturers representatives

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The Most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. In

Aneli [31]

Answer:

$5,006.07

Explanation:

The external financing needed = Projected Increase in Assets - Increase in Liabilities - Increase in Retained Earnings

Projected Increase in Asset = Assets Value*Sales Growth Rate

Projected Increase in Assets = $364,720 * 20%

Projected Increase in Assets = $72,944

Increase in Liabilities = Liabilities * Sales Growth Rate

Increase in Liabilities = $69,600 * 20%

Increase in Liabilities = $13,920

<em>To calculate the Increase in Retained Earning, the below calculations are needed:</em>

a. Profit Margin Rate = Net Income / Sales * 100

Profit Margin Rate = 75,000 / 751,000 * 100

Profit Margin Rate = 9.99%

b. Dividend Payout Ratio = Dividend / Net Income * 100

Dividend Payout Ratio = 30,000 / 75,000 * 100

Dividend Payout Ratio = 0.4

Dividend Payout Ratio = 40%

Retention Rate = 1 - Dividend Payout Ratio

Retention Rate = 1 - 0.40

Retention Rate = 0.60

Retention Rate = 60%

c. Expected Sales = $751,000 * 1.20 = $901,200

So, the Increase in Retained Earning = Expected Sales * Profit Margin * Retention Rate = $901,200 *9.99% * 60% = $54,017.93

Therefore, External Fund Needed = $72,944 - $13,920 - $54,017.93 = $5,006.07

3 0

3 years ago

What is the harder subject you guys ever did

Debora [2.8K]

Answer:

Science

Explanation:

is the hardest subject, now.

3 0

3 years ago

An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $4

stepladder [879]

Answer:

Present Value= $978.83

Explanation:

Giving the following information:

An investment will pay $150 at the end of each of the next 3 years, $100 at the end of Year 4, $400 at the end of Year 5, and $450 at the end of Year 6.

i= 0.09

We need to use the following formula:

PV= FV/(1+i)^n

For example:

Year 1= 150 / 1.09= 137.61

Year 4= 100/1.09^4= 70.84

Year 6= 450/1.09^6= 268.32

PV= 978.83

3 0

3 years ago

Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the

notka56 [123]

Answer: d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Because the Firm wants to use a Debt to Equity Capital structure instead of an All Equity structure, she can lend money out at the company interest rate to NEGATE the conversion.

She can do this by selling 35% of her portfolio and loaning it out at 8%

35 % of her Portfolio would be,

= 0.35 * 600

= 210 shares

So she can sell 210 shares and loan at the proceeds at 8% to offset the Company's conversion

8 0

4 years ago

Madisun Company issued common stock for proceeds of $20,000 during 2020. The company paid dividends of $5,000. The company also

bogdanovich [222]

Answer:

Net cash flows from financing activities is $24,000

Explanation:

Cash flow from financing activities:

Proceeds from stock issue $20,000

Dividends ($5,000)

Sale of treasury stock $9,000

net cash flow from financing activities $24,000

The issue of long-term note payable of $35,000 does not involve an actual movement of cash,hence has zero impact on the cash flow from financing activities.

The dividends payment has negative sign because it is an outflow of cash unlike others that cash inflows.

4 0

3 years ago