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Author Question: Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the ... (Read 48 times)

Tiffanyanne824

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on: Aug 7, 2023

Question 1

Canada Manufacturing has net income of $24,000 on sales of $80,000, fixed assets of $139,000, and total assets of $220,000. The firm retains 65% of its earnings. If the firm is operating at 65% capacity, what are the full capacity sales?

◦

$110,000


◦

$115,000


◦

$120,000


◦

$123,000



Question 2

Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm’s additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?

Last year’s sales = S0

$300,000

​

Last year’s accounts payable

$65,000

Sales growth rate = g

30%

​

Last year’s notes payable (to bank)

$49,000

Last year’s total assets = A0

$160,000

​

Last year’s accruals

$30,000

Last year’s profit margin = M

25%

​

Target payout ratio

30%

​


◦

–$45,000


◦

–$48,750


◦

–$50,250


◦

–$54,080

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by Tiffanyanne824 on Aug 7, 2023

Yermi196

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Reply #1 on: Aug 7, 2023
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.
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Tiffanyanne824

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
:D TYSM

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