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 166 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!

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Electron transport chain Electron transport chain
Palpation of Lymph Nodes, Posterior Cervical Chain Palpation of Lymph Nodes, Posterior Cervical Chain
Three bonds separate sequential α carbons in a polypeptide chain Three bonds separate sequential α carbons in a polypeptide chain
Tim McGraw - Humble And Kind (Official Video) Tim McGraw - Humble And Kind (Official Video)
Barenaked Ladies - Call And Answer (Video Version) Barenaked Ladies - Call And Answer (Video Version)
The Rolling Stones - She's A Rainbow (Official Lyric Video) The Rolling Stones - She's A Rainbow (Official Lyric Video)
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library