what is the projected notes payable amount using the percentage of sales method with a forecasted sales

Fantastic news! We've Found the answer you've been seeking!

Question:

what is the projected notes payable amount using the percentage of sales method with a forecasted sales growth rate of 20%; current sales of $2,400; projected sales of $2, 880 and current notes payable of $800?

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1337909747

7th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

See More Books

Posted Date: Feb 20, 2024 06:58 AM

See More Questions

Stevens Textile Corporation?s 2019 financial statements are shown here. Stevens grew rapidly in 2019 and financed the growth with notes payable and long-term bonds. Stevens expects sales to grow by...
CoursHeroTranscribedText: A 5-year loan in the amount of $48,000 is to be repaid in equal annual payments. What is the remaining principal balance after the third payment if the interest rate is 5...
Assume that your team has been in contract with the headquarters of a company that owns several restaurants in different states in the US. Your team is to provide software that manages these...
What must be shown for the court to conclude that money paid ought to be categorized as a deposit?
Respond briefly to the following statement: You say stock price equals the present value of future dividends? Thats crazy! All the investors I know are looking for capital gains.
Could an extend use case have a primary actor? Explain.
Holt Company purchased a computer for $8,000 on January 1, 2011. Straight-line depreciation is used, based on a 5-year life and a $1,000 salvage value . In 2013, the estimates are revised. Holt now...
If equity is $ 2 9 8 , 0 0 0 and liabilites are $ 1 9 1 , 0 0 0 , then assets equal:
In a given wave double-slit experiment, a detector traces across a screen along a straight line whose coordinate we label y. If one slit is closed, the -y Ze z e-i(wt-ay), is measured. If the other...
Taylor Electronics makes and sells computers and other electronic devices. The budgeted sales are $586800, the budgeted variable costs are $184300, and the budgeted total fixed cost is $230600. What...
Lively Sales Co. has predicted the following costs for this year for 500,000 units: Manufacturing Selling and Administrative Variable $250,000 $125,000 Fixed 600,000 150,000 Total $850,000 $275,000...
Explain the data used in the estimation of asset acquisition such as- I. current maintenance contracts II. estimates and quotations from suppliers III. previous contracts and costs.
The net operating income of an investment property is $330,000. A comparable company recently sold for $1 million. It has a net operating income of $200,000. What is the capitalization rate for the...
USA Logistics (a US corporation) is a wholly-owned subsidiary of EuroConnect (a foreign corporation). In the current year, USA Logistics had $99,000,000 of US taxable income (all US source),...
solenoidal if o, Show that , x and Oe is each inotational. are
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
Quillpen Company is unlevered and has a value of $40 billion. An otherwise identical but levered firm finances 25% of its capital structure with debt. Under the MM zero-tax model, what is the value...
The Wendt Corporation reported $50 million of taxable income. Its federal tax rate was 21% (ignore any possible state corporate taxes). a. What is the companys federal income tax bill for the year?...
Corporate bonds issued by Johnson Corporation currently yield 8.0%. Municipal bonds of equal risk currently yield 5.5%. At what personal tax rate would an investor be indifferent between these two...
Tesco plc is one of the worlds largest food retailers. Fiscal year 2014 (the year ended February 28, 2015) was a rocky year for the retailer. The companys sales and margins had come under pressure as...
Exhibit P2 displays a selected set of financial ratios for the years 20152017 of three fashion retailers: USbased Gap, UK-based Next, and Japan-based Uniqlo (Fast Retailing). Using this set of...
In 2009, following the worldwide credit crisis, several US-based car manufacturers, such as Chrysler and General Motors, approached bankruptcy and needed to be bailed out by the US government and...

what is the projected notes payable amount using the percentage of sales method with a forecasted sales

Question:

Expert Answer:

To calculate the projected notes payable amount using the percentage of sales method with a forec... View the full answer

Corporate Finance A Focused Approach

Students also viewed these finance questions