Business, 21.12.2019 01:31, oofoofoof1
Carter corporation's sales are expected to increase from $5 million in 2012 to $6 million in 2013, or by 20%. its assets totaled $3 million at the end of 2012. carter is at full capacity, so its assets must grow in proportion to projected sales. at the end of 2012, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. the after-tax profit margin is forecasted to be 4%.
assume that the company pays no dividends.
under these assumptions, what would be the additional funds needed for the coming year? write out your answer completely. for example, 5 million should be entered as 5,000,000. round your answer to the nearest cent.
$
why is this afn different from the one when the company pays dividends?
a. under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed.
b. under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed.
c. under this scenario the company would have a higher level of spontaneous liabilities, which would reduce the amount of additional funds needed.
d. under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed.
e. under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds needed.
Answers: 3
Business, 22.06.2019 05:50, mandy9386
Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.
Answers: 2
Business, 22.06.2019 08:00, shatj960
Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.
Answers: 1
Business, 22.06.2019 09:50, niele123
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
Carter corporation's sales are expected to increase from $5 million in 2012 to $6 million in 2013, o...
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