Homework Answers
| Given & solution | ||||
| current sales(in $) | projected sales(in $) | difference) | %ge | |
| sales | 24000000 | 30000000 | 6000000 | 0.25 |
| current assets | 6000000 | 7500000 | (25% increase of current ) | |
| fixed assets | 7000000 | 7400000 | (as given) | |
| accounts payable | 2400000 | 3000000 | (25% increase of current ) | |
| long term debt | 1400000 | 1400000 | (same as given) | |
| common equity | 9200000 | 9200000 | (same as given) | |
| net profit margin | 5% | |||
| net profit | 1200000 | |||
| dividend | 800000 | |||
| Assets | 13000000 | 14900000 | (FA+CA) | |
| liab +equity | 13000000 | 13600000 | ||
| diff | 1300000 | |||
| Sales that could equal next year | 25300000 | (current sales + difference ) | ||
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CCC currently has sales of $24,000,000 and projects sales of $30,000,000 for next year. The firm's...
CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's...
CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $500,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $8,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,200,000 in dividends next...
CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's...
CCC currently has sales of $28,000,000 and projects sales of $39,200,000 for next year. The firm's current assets equal $10,000,000 while its fixed assets are $11,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $5,000,000 in accounts payable, $2,000,000 in long-term debt, and $14,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,000,000 in dividends next...
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's...
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $9,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $11,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $700,000 in dividends next...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Cu...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
QUESTION 5 Next year, JuliJuli Sdn Bhd is planning for a major sales increase of 40%....
QUESTION 5 Next year, JuliJuli Sdn Bhd is planning for a major sales increase of 40%. Sales are currently RM30,000,000 and it is forecast that next year's sales will be RM42,000,000. Current assets are expected to increase in direct proportion with increase in sales. Similarly, account payable and accrued expenses are also expected proportionately es per the increase in sales. Fixed assets on the other hand will increase by RM1,000,000; and long term debt expected to remain constant. The net...
Calculate the ratio of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19...
Calculate the ratio of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Calculate the RATIO of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19...
Calculate the RATIO of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Sales are expected to increase by 3 percent next year
TABLE 1 Sales $47,000Current assets of $ 5,100,Current liabilities $ 6,200, Cost 44,650Net fixed assets of $51,500Owners Equity 50, 400 Net Income 2,35056,600Owners Equ & Liab. 56,600Sales are expected to increase by 3 percent next year. Net Income, that is, Net Profit Margin (NPM) is 5% of Sales. The firm has no long term debt and does not plan on acquiring any. The firm does not pay any dividends and all assets, short term liabilities, and costs vary directly with...
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast...
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell for $5,000 each. Your firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will your fixed costs be next year if you reach your goal? a) $6,400,000 b) $1,440,000 c) $9,600,000 d) $4,800,000 e) $8,000,000
CCC currently has sales of $22,000,000 and projects sales of $27,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $9,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $11,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $700,000 in dividends next...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
QUESTION 5 Next year, JuliJuli Sdn Bhd is planning for a major sales increase of 40%. Sales are currently RM30,000,000 and it is forecast that next year's sales will be RM42,000,000. Current assets are expected to increase in direct proportion with increase in sales. Similarly, account payable and accrued expenses are also expected proportionately es per the increase in sales. Fixed assets on the other hand will increase by RM1,000,000; and long term debt expected to remain constant. The net...
Calculate the ratio of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Calculate the RATIO of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
10. Your firm's goal is to earn $6,320,000 in net income next year. Your sales forecast is $24,000,000. Your firm makes electronic components that sell for $5,000 each. Your firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will your fixed costs be next year if you reach your goal? a) $6,400,000 b) $1,440,000 c) $9,600,000 d) $4,800,000 e) $8,000,000
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