Carlsbad corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. its assets totaled $4 million at the end of 2016. carlsbad is at full capacity, so its assets must grow in proportion to projected sales. at the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. its profit margin is forecasted to be 4%, and the forecasted retention ratio is 35%. use the afn equation to forecast the additional funds carlsbad will need 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.

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer