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 44 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
Great answer, keep it coming :)

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Changes in metabolic rate of selected structures in a mammal's body during different activities Changes in metabolic rate of selected structures in a mammal's body during different activities
The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger
Selected Specialty Supplements Selected Specialty Supplements
Selected Antiemetics Selected Antiemetics
Selected Common Neurotransmitters Selected Common Neurotransmitters
r, k-selected species r, k-selected species
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library