Problem Set #6

1. Your company has sales of $100,000 this year and cost of goods sold of $72,000. You forecast sales to increase to $110,000 next year. Using the percent of sales method, forecast next year’s cost of goods sold.

2. For the next fiscal year, you forecast net income of $50,000 and ending assets of $500,000. Your firm’s payout ratio is 10%. Your beginning stockholders’ equity is $300,000 and your beginning total liabilities are $120,000. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. What is your net new financing needed for next year?

16. Using the information in the following table, calculate this company’s

Net Income ……………………………………………. $50,000

Beginning Total Asset …………………………… $400,000

Beginning Stockholders’ Equity …………… $250,000

Payout Ratio …………………………………………. $0%

Internal growth rate. Sustainable growth rate. Sustainable growth rate if it pays out 40% of its net income as a dividend.

1. You have just landed in London with $500 in your wallet. Stopping at the foreign exchange booth, you see that pounds are being quoted at $1.95/£. For how many pounds can you exchange your $500?

2. Your firm needs to pay its French supplier €500,000. If the exchange rate is €0.65/$, how many dollars will you need to make the exchange?

WHY SHOULD YOU HIRE EXPERT ACADEMIC WRITERS?

Answering this question is not essay as it seems. It will require you to research or burn your brain power, write your findings down, edit, proofread severally, and submit unsure of the grade you will get. Classaider.com assignment writers are offering to take care of that. Order your assignment now, relax, submit, and enjoy excellent grades. We guarantee you 100% original answers, timely delivery, and some free products.

>>ORDER NOW<<

>>SEE TOP WRITERS<<