Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 227 times)

storky111 · **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 6	Forecast
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 Liabilities	1,268,800
Long Term Debt	734,900
Shareholders' Equity
Common Stock	6,075,800	6,075,800
Retained Earnings	-327,100
Total Shareholders' Equity	5,748,700
Total Liabilities & Shareholders' Equity	$7,752,400

◦ $707,803
◦ $743,168
◦ $793,168
◦ $798,143
◦ $798,988

lgoldst9 · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

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