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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 50 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
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Tiffanyanne824

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
Excellent

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