This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 86 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Apr 25, 2021
Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 7. Selected financial information for Year 6 is provided in the table. What is long term debt (the plug variable) for the forecasted year? To forecast current liabilities payable use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information
Blockbuster Inc. ($ '000)
​Year 6Forecast
Revenue$5,157,600 $5,673,360 
Net Income-240,300 -195,733 
​​​
TOTAL ASSETS$7,752,400$7,746,790
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities1,268,800​
Long Term Debt734,900​
Shareholders' Equity​​
Common Stock6,075,8006,075,800
Retained Earnings-327,100​
Total Shareholders' Equity5,748,700​
Total Liabilities & Shareholders' Equity$7,752,400 ​

◦ $707,803
◦ $743,168
◦ $793,168
◦ $798,143
◦ $798,988
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by storky111 on Apr 25, 2021

lgoldst9

  • Sr. Member
  • ****
  • Posts: 372
Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


storky111

  • Member
  • Posts: 561
Reply 2 on: Apr 25, 2021
Gracias!

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Chemiosmosis couples the electron transport chain to ATP synthesis. Chemiosmosis couples the electron transport chain to ATP synthesis.
The polymerase chain reaction (PCR). The polymerase chain reaction (PCR).
Chain of Infection Chain of Infection
Tim Berg - 'Seek Bromance' (Official Video) Tim Berg - 'Seek Bromance' (Official Video)
Tourist - Elixir (Official Video) Tourist - Elixir (Official Video)
Elongation of the growing polypeptide chain during translation Elongation of the growing polypeptide chain during translation
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library