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

Author Question: Polaris Industries is forecasting its financial statements for Year 10. Selected financial ... (Read 41 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Apr 25, 2021
Polaris Industries is forecasting its financial statements for Year 10. Selected financial information for Year 9 is provided in the table. What is the forecasted balance of cash in Year 10? (Cash is the plug account.) Use the percentage of sales method to calculate accounts receivable for year 10 (based on the Year 9 values).

Selected Financial Information
Polaris Industries Inc. ($000s)
​Year 9Forecast
Revenue$2,084,194$2,292,614 
​​​
Current Assets​​
Cash$ 19,675 ​
Accounts Receivable354,313 ​
Total current assets373,988 ​
Net property and equipment300,000 300,000 
Goodwill172,632 172,632 
Total Assets $846,620 ​
LIABILITIES & OWNERS' EQUITY​​
Total Liabilities$446,053 $494,047 
Total owners' equity400,567 455,337
Total Liabilities & Owners' Equity$846,620 $949,384 

◦ $80,300
◦ $85,343
◦ $87,008
◦ $89,078
◦ $90,731
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 charchew on Apr 25, 2021

k2629

  • Sr. Member
  • ****
  • Posts: 357
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 58% of students answer this correctly


charchew

  • Member
  • Posts: 579
Reply 2 on: Apr 25, 2021
Excellent

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

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.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199 The phosphorus cycle. Numbers are 1012 g P or fluxes as 1012 g P per year (data from Schlesinger 199
Selected Miscellaneous Antibacterials Selected Miscellaneous Antibacterials
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Selected Drugs Suspected of Causing Cancer in Humans Selected Drugs Suspected of Causing Cancer in Humans
Selected Adrenergic Agonists Selected Adrenergic Agonists
Upper Airflow and Weather Forecasting Upper Airflow and Weather Forecasting
Video: Congenital Heart Defects Animation

For a complete list of videos, visit our video library