15. Segwick Corp is estimating sales in Year 1 of $250,000 and cost of goods sold...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
15. Segwick Corp is estimating sales in Year 1 of $250,000 and cost of goods sold of $100,000. Given the following assumptions for Year 1, what is the projected change in working capital for that year? (Round to nearest $) Initial (Year 0) Working Capital Cash Accounts Receivable Inventory Accounts Payable a. ($14,444) b. ($24,444) c. ($34,444) d. ($44,444) $10,000 2% of sales 10 days outstanding (360-day year) Three months x cost of goods sold 50% of inventory 15. Segwick Corp is estimating sales in Year 1 of $250,000 and cost of goods sold of $100,000. Given the following assumptions for Year 1, what is the projected change in working capital for that year? (Round to nearest $) Initial (Year 0) Working Capital Cash Accounts Receivable Inventory Accounts Payable a. ($14,444) b. ($24,444) c. ($34,444) d. ($44,444) $10,000 2% of sales 10 days outstanding (360-day year) Three months x cost of goods sold 50% of inventory
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below To calculate the projected change in wo... View the full answer
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date:
Students also viewed these finance questions
-
The graph shows how the velocity of a baseball that was traveling at 90 miles per hour when it was hit by a Major League baseball player varies with respect to the weight of the bat. (a) Estimate and...
-
The unclassified statement of financial position accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2016 and its statement of comprehensive income...
-
Trent Marcus has 3 major suppliers: Parker is in the same business as Trent and offers a 5 % trade disc Scott offers a trade disc of 6 % on amounts in excess of $ 200 ( trade disc does not apply to...
-
Lory Company has a total debt to total assets ratio of 45% and a current ratio of 4.1. The firm's stock sells for $ 71.0 per share. The total market value of the equity is $ 43.6 million. The...
-
What is an opportunity cost? How is this concept used in TVM analysis, and where is it shown on a time line? Is a single number used in all situations? Explain.
-
You have a bar magnet and a loop of wire. The loop lies in the plane of this page, and we define a positive current as one for which the current direction is clockwise around the loop as viewed from...
-
Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to offer 12 round trips per day. A recent month's...
-
(a) The following information is given for 3 companies that are identical except for their capital structure: Orange Grape Apple Total invested capital 1,00,000 1,00,000 1,00,000 Debt/assets ratio...
-
What are the consequences of a large national debt? Is it going to hamper the economic growth as some have claimed?
-
Problem 1. A 20-kg crate is accelerated by a net force of 50 N applied for 12 s. (a) What is the acceleration of the crate from Newton's second law? (b) If it starts from rest, how far does it travel...
-
Injecting a streak with your favorite marinate, the force on the syringe piston is 75N and the surface area of the piston is 4 cm. What would be the force of the marinate as it comes out of the...
-
Pressure / kPa 1 0 A 2 3 4 Volume / L 5 6 Calculate the heat supplied (lost) in taking the system from the point B( 6 L, 2 kPa) where its internal energy is 100 J to the point D( 2 L, 4 kPa), where...
-
Two metal disks, one with radius R =2.40 cm and mass M0.900 kg and the other with radius R = 4.90 cm and mass M = 1.60 kg, are welded together and mounted on a frictionless axis through their common...
-
Cable AB exerts a force of magnitude F = 6.0 kN on point A. Express F as a vector in terms of the unit vectors i, j, and k. Determine the angle 8x between F and the x-axis. 1.7 m Answers: F= 0x II i...
-
A horizontal analysis is useful in determining the change between line items over periods of time. Additionally, management will discuss what they feel are the most important changes in the section...
-
State whether each statement is true or false. If false, give a reason. {purple, green, yellow} = {green, pink, yellow}
-
Investco Ltd. is a Canadian real estate and property developer that decided to hold a parcel of land in downtown Munich, Germany, for speculative purposes. The land, costing 12,000,000 was financed...
-
Explain why a subsidiarys assets and liabilities are consolidated using two different valuations (fair value and carrying value) under the parent-company method.
-
In the course of the audit of Brand Drug Limited (BDL), the CA, while reviewing the draft financial statements for the year ended August 31, 20X6, noticed that BDLs investment in National...
-
The group \(\mathrm{D}_{3}\) in Schoenflies notation (32 in international notation, which is read "three-two"; see Table 5.1 ) consists of the proper (those not reflections or inversions) covering...
-
Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3) Tex)=(37) (69) T(c2b)= 1 TO)-(71) 10-(11) TO=(9) = for the group D3, using the basis (e1, e2) defined in the following figure.
-
Prove that the matrix representation of \(\mathrm{D}_{3}\) worked out in Problem 5.6 is irreducible. Data from Problem 5.6 Derive the two-dimensional matrix representation Tic)=(2) Tin)=(3)...
Study smarter with the SolutionInn App