Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

Problem: Talley Appliances, Inc. projects next year’s sales to be $20 million. Current sales are at $15 million, which is based on current assets of $5 million and fixed assets of $5 million. The firm’s net profit margin is 5 percent after taxes. Talley forecasts which current assets will increase in direct proportion to the rise in sales, but fixed assets will rise by only $100,000. Presently, Talley has $1.5 million in accounts payable (which differ directly with sales), $2 million in long-term debt (due in 10 years), and common equity (comprising $4 million in retained earnings) totalling $6.5 million. Talley plans to pay $500,000 in common stock dividends upcoming year.

a. What are Talley’s total financing needs (that is, total assets) for the upcoming year?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93664

Have any Question? 


Related Questions in Financial Accounting

The marketing concept holds that a customers who are coaxed

The marketing concept holds that ________. a. customers who are coaxed into buying a product will most likely buy it again b. a new product will not be successful unless it is priced, distributed, and sold properly c. co ...

Accounting and financial management assignment-this

Accounting and Financial Management Assignment- This assignment is designed to give you an opportunity: apply management accounting concepts and finance frameworks...to increase the effectiveness of management decision m ...

Assignmentscenario for assignments 1-5for assignments 1-5

Assignment Scenario for Assignments 1-5 For Assignments 1-5, you are the new budgeting and finance administrator for your local government agency. Your first responsibility is to become familiar with the agency, the budg ...

Assignmentaug 1 purchased merchandise from arotek company

Assignment Aug. 1 Purchased merchandise from Arotek Company for $9,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1. 4 At Arotek's request, Sheng paid $360 cash for freight charges on the Aug ...

Paperwrite a five- to seven-page financial statement

Paper Write a five- to seven-page financial statement analysis of a public company, formatted according to APA style as outlined in the Ashford Writing Center. In this analysis, you will discuss the financial health of t ...

Assignment- cost concepts and types of costing1 given the

Assignment- Cost Concepts and Types of Costing 1. Given the cost formula, Y = $7,000 + $1.80X, what would be the total cost for an activity level of 4,000 units? A. $7,200 B. $7,000 C. $200 D. $14,200 2. In describing th ...

Question 1a t shirt company is planning a production run

Question 1: A t shirt company is planning a production run for an event where the attendance (and thus demand for t-shirts) is uncertain. The event planners have indicated that they think the attendance will be 500, 750 ...

Comprehensive problemthis project is a review of the

Comprehensive Problem This project is a review of the accounting cycle that has been covered during class. Prepare all information in a professional manner and show details as needed. You should complete this on the page ...

Assignmentat this point you have examined three years of

Assignment At this point you have examined three years of financial statements for your firm and produced a proforma statement. You have also determined their sustainable growth rate as well. You have also learned about ...

Accounting and financial management assignmentthis

Accounting and Financial Management Assignment This Assignment is designed to give you an opportunity: demonstrate applied knowledge of the accounting regulatory environment. apply financial statement analysis. apply and ...

  • 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