Question: Forecasted Balance Sheet (30 points) DURA-CLEAR WINDOWS, LLC Proforma Balance Sheet 2020 2021 2022 2023 ASSETS Cash 30,000 40.000 30,000 Marketable Securities 20,000 25,000 30,000

Forecasted Balance Sheet (30 points) DURA-CLEAR WINDOWS, LLC Proforma Balance Sheet 2020 2021 2022 2023 ASSETS Cash 30,000 40.000 30,000 Marketable Securities 20,000 25,000 30,000 Accounts Receivable 170,000 259,000 360,000 Inventory 230,000 261,000 290,000 Total Current Assets: 450.000 585.000 710,000 Plant and equipment 650,000 765,000 1,390,000 Less: accumulated depreciation (65,000) (141,500) (280,500) Net Plant and equipment 585.000 623.500 1.109.500 Total Assets 1,035,000 1,208,500 1.819,500 LIABILITIES & STOCKHOLDER'S EQUITY

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Forecasted Balance Sheet ( 30 points) Forecasted Balance Sheet ( 30 points) Forecasted Balance Sheet (30 points) DORA-CLEAR WINDOWS, LLC Proforma Balance Sheet 2024 2025 2026 2027 ASSETS Cash...

MILESTONE 2 FORECASTED FINANCIALS Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within the cell by using formulas,...

Hello Tutor , Attached is the link to the excel file. I need help with milestone 1 and and milestone 2 I have completed some of the calculations not for sure if all are correct. Can you verify and...

SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within the c All your work must be shown on this sheet, not on a separate tab. Forecasted Income Statement (25 points) DURA-CLEAR...

Forecasted Income Statement (20 points: 5 for showing work, 15 for accuracy) DURA-CLEAR WINDOWS, LLC Proforma Income Statement 2020 2021 2022 2023 2024 2025 2026 2027 Sales (all on credit) 1,200,000...

MILESTONE 2 FORECASTED FINANCIALS Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORTING CALCULATIONSI You may do this either within the cell by using formulas,...

Forecasted Balance Sheet (30 points: 5 for showing work, 25 for accuracy) ASSETS Cash 7 Marketable Securities 8 Accounts Receivable 9 Inventory 10 41 Plant and equipment 42 Less accumulated...

1 2 3 4 5 6 7 8 9 10 11 The Sharks gave you the $1,000,000 in funding you requested in exchange for 25% ownership of your company's profits. All the following are complete by March 31, 2023: 1) your...

DURA-CLEAR WINDOWS, LLC Proforma Income Statement Forecasted Balance Sheet (30 points: 5 for showing work, 25 for accuracy) DURA-CLEAR WINDOWS, LLC Proforma Balance Sheet The Sharks gave you the...

What statistical measures are used for describing dispersion in data? How do they differ from one another?

Anna, Emma, and Ina decided to form a partnership. Their capltal accounts are as follows: Anna Date January 1 300,000 April 1 150,000 May 1 July 1 September 600,000 1 October 1 (450,000) Emma Ina...

The ability to convert a business interest into cash. ( c 1 4 ) O ValuationEstate PlanningO MarketabilityAsset Turnover

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...