Attempts $2\mathrm{.}8$

Keep the Highest $\frac{2\mathrm{.}8}{3}$

$2.$ Projected financial statements and basic analysis

You are the most creative analyst for Spotted Skunk Soft Drink Company, and your admirers want to see you work your analytical magic once more.

$\backslash$table$[[,$This Year's Actual Results,Next Year's Initial Forecast$],[$Net sales,$$18,000,000,$$$21,240,000$

Which of the following are assumptions made by the initial income statement forecast? Check all that apply.

Spotted Skunk Soft Drink Company will be issuing additional debt in the coming year.

Spotted Skunk Soft Drink Company will be issuing additional shares of common stock in the coming year.

No excess capacity currently exists.

The forecasted increase in net sales is $18\mathrm{.}00\%.$

Spontaneously generated funds will sufficiently cover any financing needs.

Suppose Spotted Skunk had neither sufficient excess capacity to handle any forecasted increases in operations nor sufficient retained earnings to increase the level of company asset up to the amount necessary for production. This deficiency is called $.$

These funds could be acquired in which of the following forms? Check all that apply.

Issuing long$-$term bonds

Repayment of notes payable

Borrowing from a bank using notes payable

Issuing additional common stock