Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

The Booth Company s sales are forecasted to double from $1,000 in 2010 to $2,000 in 2011. Here is the December 31, 2010, balance sheet: Cash $100 Accounts payable $50 Accounts receivable 200 Notes payable 150 Inventories 200 Accruals 50 Net fixed assets 500 Long-term debt 400 Common stock 100 Retained earnings 250 Total assets $1,000 Total liabilities and equity $1,000 Booth s fixed assets were used to only 50% of capacity during 2010, but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed assets would also have to increase at the same rate if the current excess capacity did not exist. Booth s after-tax profit margin is forecasted to be 5% and its payout ratio to be 60%. What is Booth s additional funds needed (AFN) for the coming year?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M941411

Have any Question? 


Related Questions in Basic Finance

1 describe four types of invalidity that can be found in

1. Describe four types of invalidity that can be found in experimental research designs. 2. What are extraneous and confounding variables? Which type of variable is most dangerous to the statistical conclusion validity a ...

1 why has real estate often been a key factor in corporate

1. Why has real estate often been a key factor in corporate restructuring? 2. Why might refinancing be considered an alternative to a sale-leaseback? 3. What factors might cause the highest and best use of real estate to ...

Should a slip-critical joint be analyzed as a friction-type

Should a slip-critical joint be analyzed as a friction-type or bearing-type joint? Describe some of the applications in which slip-critical joints are mandated? What is the difference between a pretension and a slip-crit ...

You have the following information on universe it ts inc

You have the following information on Universe It Ts, Inc.: sales to working capital = 19 times, profit margin = 26.9%, net income available to common stockholders = $4.9 million, and current liabilities = $1.9 million. ...

What is the stiffness of the bolt and the stiffness of the

What is the stiffness of the bolt and the stiffness of the joint? What is the resilience of the bolt and of the joint members? What is the stiffness ratio of this assembly? What is the increase in bolt tension and the de ...

1 compare and contrast the transport principles of economy

1. Compare and contrast the transport principles of economy of scale and economy of distance. Illustrate how they combine to create efficient transportation. 2. Describe the five modes of transportation, identifying the ...

Consider the following analysis the rise and fall of a

Consider the following analysis: The rise and fall of a bond's price has a direct inverse relationship to its yield to maturity, or interest rate. As prices go up, the yield declines and vice versa. For example, a $1,000 ...

1 define the term financial intermediary what role do

1. Define the term "financial intermediary." What role do financial intermediaries play in U.S. corporate finance? How does this compare with the role of non-U.S. financial intermediaries? 2. Discuss the U.S. banking sys ...

1 describe the basic types of regional trade agreements

1. Describe the basic types of regional trade agreements. Discuss some of the advantages and disadvantages of MNCs doing business in each type. 2. Discuss some of the implications (costs and benefits) of a common currenc ...

What is the accounting identity list at least three of the

What is the accounting identity? List at least three of the assumptions underlying financial statements? Identify at least three current asset accounts ? What is the operating cycle ? Identify three current liability acc ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro