Business, 10.10.2019 04:00 jorgeb12316

The most recent financial statements for summer tyme, inc., are shown here: income statement balance sheet sales $3,900 current assets $5,300 current liabilities $840 costs 2,300 fixed assets 6,400 long-term debt 3,630 taxable income $1,600 equity 7,230 taxes (33%) 528 total $11,700 total $11,700 net income $1,072 assets, costs, and current liabilities are proportional to sales. long-term debt and equity are not. the company maintains a constant 50 percent dividend payout ratio. as with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. what is the external financing needed? (do not round your intermediate calculations.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 16:30

Why are there so many types of diversion programs for juveniles

Answers: 2

Answer

Business, 22.06.2019 19:00

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?

Answers: 1

Answer

Business, 22.06.2019 19:30

Adisadvantage of corporations is that shareholders have to pay on profits.

Answers: 1

Answer

Business, 22.06.2019 19:30

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Answers: 2

Answer

You know the right answer?

The most recent financial statements for summer tyme, inc., are shown here: income statement balanc...

Questions