Problem 23-08 BHM, ne has the folowing balance sheet: BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash $1,600 Accounts payable $15,100 Marketable securities 1,600 Accrual 3.100 Accounts receivable 14,160 Bank loan payable Inventory 17,700 Long term debt 13,800 Plant and equipment 20,320 Common stock 8,000 Retained earning 10,300 $55.400 $55.400 5.100 Sales are currently $70,000 Dected to fall to $50,000, which will require a contraction of assets. Since the finiscontracting management would like to retire the long-term with of theme do not permit a partirement Management would like to retain the short-term bank loan, but the bank will not renew The sanitarnewal results in the li having a centratie of less than :1. Since them is contracting management would like to increase the marketable scribes ty 500 to meitenergence of the need funds to management is willing to loufale all the marketable seats. The firm's historical profit arom sale of pero od them's policy of 20 pont of will be maintained The force the future financial position in the anticipated in the following balance sheet using the percentage of sins applied to accounts cevable, inventory counts patie, ond acous prior to any change in the fielt structure some of the numbers have been provided and see the entries are booted, the sun the two sites need not be balance. Do not round intermediate catro Round your newers to the nearest follor. Enter your answers at positive wa BIH, Incorporatellalance sheet as of 13/31/X0 A Liabilities and Equity ) 1.000 Acount pat Acorals Accoult renovatie hankoon payable Inventory 12.00 Problem 23-08 BHM, Inc. has the following balance sheet: BHM, Incorporated Balance Sheet as of 12/31/20 Assets Liabilities and Equity Cash $ 1,600 Accounts payable 515,100 Marketable securities 1,600 Accruals 3.100 Accounts receivable 14,186 Bank loan payable 5.100 Inventory 17,700 Long-term debt 13,500 Plant and equipment 20,320 Common stock Betained 10,300 $55,400 155,400 Sales are ently $70,000 but are expected to fall to $50,000, which will requires contraction of not them that would be long-term debt; however, the terms of the issue do not permit a partial repayment Management would like to the short terbarkan berita the loan if the renewal results in the firm having a current ratio of less than 2:1. since the forma contact management te by $900 to meet emergencies. However, if the firm needs funds to retire debt managment is willing to be the margin on sales of 9 percebt and the firm's policy of distributing 20 percent of comings will be mine To help forecast the firm's future financial position, it will the anticipated in the following center receivable, inventory, accounts payable, and accruals prior to any change in the debt cure Some of the best anticipated, the sum of the two sides need not be balanced. Do not round intermediate Clow values BHIM, Incorporated balance sheet as of 19/11/X0 Problem 23-08 DI Inclus the following balance sheet: BHM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity Cashi $1,600 Accounts payable $ 15,100 Marketable securities 1.600 Accruals 3,100 Accounts receivable 14 180 Bank loan payable 5,100 Inventory 17,700 Long term debt 13,800 Plant and equipment 20,320 Common stock 8,000 Retained earnings 10,300 $55,400 $ 55,400 Sales are wely $70,000 but are expected to allo 550,000, which will require a contraction of assets. Since the firm is contracting, management would like to retire ne teme however the terms of these do not permit a partial repayment Management would like to retain the short-term bank loan, but the bank will not rene to the real the formavimas tentatie of less than 2:1. Since the form is contracting, management would like to increase the marketable security wametengenes over the form needs funds to retire debt, management is willing to liquidate all the marketable securities. The firm's historical profit pertandi's policy of buting 20 percent of carings will be maintained hebt omstore financial powtion, trall the animated entries in the following balance sheet using the percentage of sales applied to accounts synd accrual per to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are w them the two side ed ut be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar Enter your answers as posit BHM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity 1,600 Accounts Cant Marketable Sales are currently 570,000 but are txpected to fall to $56,000, which will require a contraction of assets. Since the fimis contracting, management would like to retire the long-term debt; however the terms of the issue do not permits partial repayment Management would like to retain the short-term bank loan, but the bank will not renew the loan if therewol results in the firm having a current ratio of less than 2:1. Since the firm is contracting, management would like to increase the marketable securities D5000 to meet emergencies. However, if the firm needs funds to retire debt, management is willing to liquidate all the marketable securities. The firm's historical profit margin on sales of 9 percent and the firm's policy of distributing 20 percent of earnings will be maintained The forecast the firm's future financial position, fill in all the anticipated entries in the following balance sheet using the percentage of sales applied to accounts receivable, ventory, accounts payable, and accruals prior to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are novated, the sum of the two des need not be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as positive 12,080 BHM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity 5 1,600 Accounts payable $ Marketable securities Accrual Account voble Bank loan payable Inventory Long term debt Plant and equipment Common stock Reted coming $ amount is On them the short term bankan Rand your nwwer to two decimal places The cast arente Since it is 2:1, the formulec renew the short-term bank loan Cafem leture the long-term debt funds to retire the entire amount of long term debit 12,080 W poprob2W 1.600 Marketable securities Accounts payable Achuals Bank loan payable Long term debt Common stock Retained earnings Paintind equipment procede amount on the the short terbankan Round your answer to two decal places The red Since itselect 2:1, the firm Select renew the short-term bank loan, om the firm retice the long term dober unds to retire the entire amount of long-term debt. dibed mode of its caminos, could the firm retire the long-term debc? Round your answers to the nearest dollar Theuns dating ideed and marketable secure is and it would be elect to retire the long-term debt. An to the management should select Otrowo hot that incorporates the antipated changes in the assets, labies, and quity asuming that the firm pays the dividend. If the hath to the cath Bound your answers to the nearest to the answers, entero Cah DHIM, Incorporated Balance Sheet as of 12/31/XL Liabilities and Equity Accounts payable Acorus Bank loan payable Long term det Com Now etlook Problem 23-08 BHM, Inc. has the following balance sheet BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash 500 Accounts payable $17.500 Marketer 2.100 Accrual 4,500 Accounts recewable 16,850 Bank loan payable 5,600 eventory 17,040 Long term debe 21,624 Pantando 31,404 Common stock 8.000 dans 10.800 563.224 558,224 Sales et 100,000 expected to fall to $80,000, which will rece contractors the contact management would like to retire the long term debt: however the terms of the domot per a partial report Management de tort the short term harika but the bank will now the loan if the real estils in the maving a current of than. Since the contracting man weather by 1.0 to meet emergences. However, the form needs to be mis wing to liquidate the market Thesistono margin of 12 percent and the im's policy of distributing 30 percent of earnings will be to help forecast the form's future caption in the antipated in the following balance then the percentage of sales applied to accounts receivable in accounts wybie and also whange in the debt structure. Som the number been provided in the entries are anticipated, the sum of the two sides need not be bad. Do not undermediate action on your wer to the nearest dollar to your active DIEM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity 800 Angabe 14.000 Ronals Acco Bank loan payable Inventory Logaritet 14,000 BRIM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity Cat Accounts payable $ Mutatile secure Accruali Accounts recette Bank loan payable Inventory Long term debet Mart and woment Common stock nede The projecte amounts . Can the firm retain the short-term bank loan Round your answer to two decimal places The forecasted current robois Since it is net 2:1, the firm renew the short term bankan b. Can the form retire the long-term debt? The management will be funds to retire the entire amount of long-term det er the firm distributed no dividends and retained at of its earnings, could the firm retore the long-term debt Round your answers to the neare dolor The total amount maised (including dividends and marketable securities) and it would be to retire the long term lett According to the previous answers, the banagement should test Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, abs, and equity assuming that the firm pays the dividend. If the forma excess cash, add it to the existing cash Round your answers to the nearest dollar if the answer is zero, enter" BHM, Incorporated Balance Sheet as of 12/31/X1 Asses Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable luptprob- tries) The projected Set amount is 5 3. Can the firm retain the short term bank loan Round your answer to two decimal places The forecasted current ratio Since it is nec 2:1, the firm Sulec renew the short term bank loan. b. Can the firm in the long-term debit? The management will have et unds to retire the entire amount of long term det c. If the firm destributed no dividends and retained all of its earnings, could the firm retire the long term debt? Round your answers to the nearest della The total amount raised (including dividends and marketable securities) is $ and it would be select to retire the long-term debt According to the previous answers, the management should Select Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, Babilities, and equity assuming that the firm pays the dividend. If the form excess cash, add it to the existing cash Round your answers to the nearest dolor. If the answer is zero, enter "o". BHM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity $ Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long term det Plant and equipment Common stock Retained earnings Problem 23-08 BHM, ne has the folowing balance sheet: BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash $1,600 Accounts payable $15,100 Marketable securities 1,600 Accrual 3.100 Accounts receivable 14,160 Bank loan payable Inventory 17,700 Long term debt 13,800 Plant and equipment 20,320 Common stock 8,000 Retained earning 10,300 $55.400 $55.400 5.100 Sales are currently $70,000 Dected to fall to $50,000, which will require a contraction of assets. Since the finiscontracting management would like to retire the long-term with of theme do not permit a partirement Management would like to retain the short-term bank loan, but the bank will not renew The sanitarnewal results in the li having a centratie of less than :1. Since them is contracting management would like to increase the marketable scribes ty 500 to meitenergence of the need funds to management is willing to loufale all the marketable seats. The firm's historical profit arom sale of pero od them's policy of 20 pont of will be maintained The force the future financial position in the anticipated in the following balance sheet using the percentage of sins applied to accounts cevable, inventory counts patie, ond acous prior to any change in the fielt structure some of the numbers have been provided and see the entries are booted, the sun the two sites need not be balance. Do not round intermediate catro Round your newers to the nearest follor. Enter your answers at positive wa BIH, Incorporatellalance sheet as of 13/31/X0 A Liabilities and Equity ) 1.000 Acount pat Acorals Accoult renovatie hankoon payable Inventory 12.00 Problem 23-08 BHM, Inc. has the following balance sheet: BHM, Incorporated Balance Sheet as of 12/31/20 Assets Liabilities and Equity Cash $ 1,600 Accounts payable 515,100 Marketable securities 1,600 Accruals 3.100 Accounts receivable 14,186 Bank loan payable 5.100 Inventory 17,700 Long-term debt 13,500 Plant and equipment 20,320 Common stock Betained 10,300 $55,400 155,400 Sales are ently $70,000 but are expected to fall to $50,000, which will requires contraction of not them that would be long-term debt; however, the terms of the issue do not permit a partial repayment Management would like to the short terbarkan berita the loan if the renewal results in the firm having a current ratio of less than 2:1. since the forma contact management te by $900 to meet emergencies. However, if the firm needs funds to retire debt managment is willing to be the margin on sales of 9 percebt and the firm's policy of distributing 20 percent of comings will be mine To help forecast the firm's future financial position, it will the anticipated in the following center receivable, inventory, accounts payable, and accruals prior to any change in the debt cure Some of the best anticipated, the sum of the two sides need not be balanced. Do not round intermediate Clow values BHIM, Incorporated balance sheet as of 19/11/X0 Problem 23-08 DI Inclus the following balance sheet: BHM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity Cashi $1,600 Accounts payable $ 15,100 Marketable securities 1.600 Accruals 3,100 Accounts receivable 14 180 Bank loan payable 5,100 Inventory 17,700 Long term debt 13,800 Plant and equipment 20,320 Common stock 8,000 Retained earnings 10,300 $55,400 $ 55,400 Sales are wely $70,000 but are expected to allo 550,000, which will require a contraction of assets. Since the firm is contracting, management would like to retire ne teme however the terms of these do not permit a partial repayment Management would like to retain the short-term bank loan, but the bank will not rene to the real the formavimas tentatie of less than 2:1. Since the form is contracting, management would like to increase the marketable security wametengenes over the form needs funds to retire debt, management is willing to liquidate all the marketable securities. The firm's historical profit pertandi's policy of buting 20 percent of carings will be maintained hebt omstore financial powtion, trall the animated entries in the following balance sheet using the percentage of sales applied to accounts synd accrual per to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are w them the two side ed ut be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar Enter your answers as posit BHM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity 1,600 Accounts Cant Marketable Sales are currently 570,000 but are txpected to fall to $56,000, which will require a contraction of assets. Since the fimis contracting, management would like to retire the long-term debt; however the terms of the issue do not permits partial repayment Management would like to retain the short-term bank loan, but the bank will not renew the loan if therewol results in the firm having a current ratio of less than 2:1. Since the firm is contracting, management would like to increase the marketable securities D5000 to meet emergencies. However, if the firm needs funds to retire debt, management is willing to liquidate all the marketable securities. The firm's historical profit margin on sales of 9 percent and the firm's policy of distributing 20 percent of earnings will be maintained The forecast the firm's future financial position, fill in all the anticipated entries in the following balance sheet using the percentage of sales applied to accounts receivable, ventory, accounts payable, and accruals prior to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are novated, the sum of the two des need not be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as positive 12,080 BHM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity 5 1,600 Accounts payable $ Marketable securities Accrual Account voble Bank loan payable Inventory Long term debt Plant and equipment Common stock Reted coming $ amount is On them the short term bankan Rand your nwwer to two decimal places The cast arente Since it is 2:1, the formulec renew the short-term bank loan Cafem leture the long-term debt funds to retire the entire amount of long term debit 12,080 W poprob2W 1.600 Marketable securities Accounts payable Achuals Bank loan payable Long term debt Common stock Retained earnings Paintind equipment procede amount on the the short terbankan Round your answer to two decal places The red Since itselect 2:1, the firm Select renew the short-term bank loan, om the firm retice the long term dober unds to retire the entire amount of long-term debt. dibed mode of its caminos, could the firm retire the long-term debc? Round your answers to the nearest dollar Theuns dating ideed and marketable secure is and it would be elect to retire the long-term debt. An to the management should select Otrowo hot that incorporates the antipated changes in the assets, labies, and quity asuming that the firm pays the dividend. If the hath to the cath Bound your answers to the nearest to the answers, entero Cah DHIM, Incorporated Balance Sheet as of 12/31/XL Liabilities and Equity Accounts payable Acorus Bank loan payable Long term det Com Now etlook Problem 23-08 BHM, Inc. has the following balance sheet BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash 500 Accounts payable $17.500 Marketer 2.100 Accrual 4,500 Accounts recewable 16,850 Bank loan payable 5,600 eventory 17,040 Long term debe 21,624 Pantando 31,404 Common stock 8.000 dans 10.800 563.224 558,224 Sales et 100,000 expected to fall to $80,000, which will rece contractors the contact management would like to retire the long term debt: however the terms of the domot per a partial report Management de tort the short term harika but the bank will now the loan if the real estils in the maving a current of than. Since the contracting man weather by 1.0 to meet emergences. However, the form needs to be mis wing to liquidate the market Thesistono margin of 12 percent and the im's policy of distributing 30 percent of earnings will be to help forecast the form's future caption in the antipated in the following balance then the percentage of sales applied to accounts receivable in accounts wybie and also whange in the debt structure. Som the number been provided in the entries are anticipated, the sum of the two sides need not be bad. Do not undermediate action on your wer to the nearest dollar to your active DIEM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity 800 Angabe 14.000 Ronals Acco Bank loan payable Inventory Logaritet 14,000 BRIM, Incorporated Balance Sheet as of 12/31/XO Liabilities and Equity Cat Accounts payable $ Mutatile secure Accruali Accounts recette Bank loan payable Inventory Long term debet Mart and woment Common stock nede The projecte amounts . Can the firm retain the short-term bank loan Round your answer to two decimal places The forecasted current robois Since it is net 2:1, the firm renew the short term bankan b. Can the form retire the long-term debt? The management will be funds to retire the entire amount of long-term det er the firm distributed no dividends and retained at of its earnings, could the firm retore the long-term debt Round your answers to the neare dolor The total amount maised (including dividends and marketable securities) and it would be to retire the long term lett According to the previous answers, the banagement should test Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, abs, and equity assuming that the firm pays the dividend. If the forma excess cash, add it to the existing cash Round your answers to the nearest dollar if the answer is zero, enter" BHM, Incorporated Balance Sheet as of 12/31/X1 Asses Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable luptprob- tries) The projected Set amount is 5 3. Can the firm retain the short term bank loan Round your answer to two decimal places The forecasted current ratio Since it is nec 2:1, the firm Sulec renew the short term bank loan. b. Can the firm in the long-term debit? The management will have et unds to retire the entire amount of long term det c. If the firm destributed no dividends and retained all of its earnings, could the firm retire the long term debt? Round your answers to the nearest della The total amount raised (including dividends and marketable securities) is $ and it would be select to retire the long-term debt According to the previous answers, the management should Select Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, Babilities, and equity assuming that the firm pays the dividend. If the form excess cash, add it to the existing cash Round your answers to the nearest dolor. If the answer is zero, enter "o". BHM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity $ Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long term det Plant and equipment Common stock Retained earnings