Question

In: Finance

Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2016 to $10.32...

Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2016 to $10.32 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity so its assets must grow at the same rate as projected sales. At the end of 2016 current liabilities were $1.4 million consisting of $450000 of accounts payable $500000 of notes payable and $450000 of accruals. The after tax profit margin is forecasted to be 7% and the forecasted payout is 70%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year.

Solutions

Expert Solution

jeff jeffy answered 5 days ago
Next > < Previous

Related Solutions

Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2016 to $10.32...
Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2016 to $10.32 million in 2017. Its assets totaled $3 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%,...
Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75...
Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets totaled $6 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%,...
Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75...
Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%,...
AFN equation Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2018...
AFN equation Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2018 to $10.32 million in 2019. Its assets totaled $4 million at the end of 2018. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%,...
Broussard Skateboard's sales are expected to increase by 20% from $9.0 million in 2016 to $10.80...
Broussard Skateboard's sales are expected to increase by 20% from $9.0 million in 2016 to $10.80 million in 2017. Its assets totaled $2 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 5%,...
Broussard Skateboard's sales are expected to increase by 20% from $8.0 million in 2016 to $9.60...
Broussard Skateboard's sales are expected to increase by 20% from $8.0 million in 2016 to $9.60 million in 2017. Its assets totaled $2 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%,...
Broussard Skateboard's sales are expected to increase by 20% from $7.8 million in 2016 to $9.36...
Broussard Skateboard's sales are expected to increase by 20% from $7.8 million in 2016 to $9.36 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 5%,...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%,...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12...
Broussard Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 million in 2017. Its assets totaled $3 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%....
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT