Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Apple Two Enterprises expects to generate sales of $5,950,000 for fiscal 2002; sales were $3,450,000 in fiscal 2001. Assume the following figures for the fiscal year ending 2001: cash $70,000; accounts receivable $250,000; inventory $400,000; net fixed assets $520,000; accounts payable $235,000; and accruals $155,000. Use the percent-of-sales method to forecast accounts payable for the fiscal year ending 2002.

a. $212,036

b. $405,290

c. $155,000

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M942836

Have any Question? 


Related Questions in Basic Finance

Inflation was 8 percent during the most recent year and

Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price le ...

Excel assignment you are going to purchase a new house

Excel Assignment You are going to purchase a new house valued at $250,000 by making the down payment of 20% and borrowing the rest as a 30-year fixed rate mortgage of 5.25%. Solve the problem by creating an Excel spreads ...

Miller manufacturing has a target debt-equity ratio of

Miller Manufacturing has a target debt-equity ratio of .45,  Its costs of equity is 13 percent, and its cost of debt is 7 percent.  If the tax rate is 34 percent what is the company's WAAC  (Do not round intermediate cal ...

Describe the meaning of a state of nature and explain how

Describe the meaning of a "state of nature" and explain how this concept is used to provide expected measures of return and risk.

Describe how data can be interpreted differentlyexplain how

Describe how data can be interpreted differently. Explain how and why data is scrubbed. Describe three different ways to communicate data.

Calculate the pre-tax rate of return in each of these

Calculate the pre-tax rate of return in each of these scenarios. A) Buy 1,000 shares of common stock at $50 and sell at $60 one year later. B) Buy 1,000 shares of common stock at $50 borrowing at 50% of the amount necess ...

You estimate that you will owe 40300 in student loans by

You estimate that you will owe $40,300 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month? Atlas In ...

Suppose two players a and b undertake a series of trials

Suppose two players A and B undertake a series of trials such that each trial independently yields one of the following: a) a win for A with probability p; b) a win for B with probability q; c) a draw (or no result, or a ...

What is the future value of 1200 a year for 46 years at 8

What is the future value of $1,200 a year for 46 years at 8 percent interest? Assume annual compounding.

Define commercial paper negotiable certificates of deposit

Define commercial paper, negotiable certificates of deposit, repurchase agreements, bankers' acceptances, federal funds, and Eurodollars. In what ways are they similar, and in what ways are they different?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate