Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Carter Corporation's sales are expected to increase from $5 million in 2008 to $6 million in 2009, or by 20%. Its assets totaled $3 million at the end of 2008. Carter is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2008, 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 5%, and the forecasted retention ratio of 30%. Use the AFN equation to forecast the additional funds Carter will need for the coming year.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M946588

Have any Question? 


Related Questions in Basic Finance

Can someone help provide the steps and solution to this

Can someone help provide the steps and solution to this problem. X-treme Vitamin Company is considering two investments, both of which cost $10,000. The cash flows are as follows: Year Project A Project B 1.............. ...

1 how might you find information about measures that have

1. How might you find information about measures that have been developed by ofllerresearchers? 2. What are diary mefllodologies, and why are flley used? 3. Discuss ways in which interviewers can increase flle reliabilit ...

Hott inc receives a 2 million payment once a year of this

Hott Inc. receives a $2 million payment once a year. Of this amount, $800,000 is needed for cash payments made during the next year. Each time Hott deposits money in its account, a charge of $2.00 is assessed to cover cl ...

The black bird company plans an expansion to be financed by

The black bird company plans an expansion to be financed by selling $190 million in new debut and $121 million in new common stock. The before-tax required rate of return on debut is 6.21% and the required rate of return ...

In addition to the key words you should be able to define

In addition to the key words, you should be able to define each of the following terms: literature search subject words database abstract PsycINFO PsycArticles title introduction method section results section discussion ...

Explain why end users who conduct their risk management

Explain why end users, who conduct their risk management operations in the treasury department, should not require the treasury department to be a profit center ? Distinguish the typical objectives of a dealer engaging i ...

Bob entered into a land contract to purchase real estate

Bob entered into a land contract to purchase real estate from Sam. The purchase price was to be paid over a 10-year period by monthly amortization. At the end of five years, Bob defaulted, having failed to make his requi ...

1 how would you define the term primary mortgage market2

1. How would you define the term primary mortgage market? 2. Identify the classes of regulated lenders. 3. How does the government intend to simplify the banking system? 4. What is the present status of federal deposit i ...

1 how does the cost of canying inventory impact the

1. How does the cost of canying inventory impact the traditional earnings statement of the enterprise? 2. Discuss the relationship between service level, uncertainty, safety stock, and order quantity. How can trade-offs ...

What distinguishes a partnership from a corporation what is

What distinguishes a partnership from a corporation? What is limited liability? How does income get taxed twice in the case of a corporation? Which forms of business have a perpetual life? What are agency costs? What is ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen