Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. in your internship with llt inc. you have been ask

In your internship with LLT Inc. you have been asked to forecast the firm's additional funds...

70.2K

Verified Solution

Question

Finance

  1. In your internship with LLT Inc. you have been asked toforecast the firm's additional funds needed (AFN) for next year.The firm is operating at full capacity. Data for use in yourforecast are shown below. Based on the AFN equation, what is theAFN for the coming year? (5 points)

Last year's sales = S0

$200,000

Sales growth rate = g

40%

Last year's total assets = A0*

$135,000

Last year's profit margin = PM

20.0%

Last year's accounts payable

$50,000

Last year's notes payable

$15,000

Last year's accruals

$20,000

Target payout ratio

25.0%

Answer & Explanation Solved by verified expert
4.4 Ratings (867 Votes)
Last Year Saes 200000 Total Assets 135000 Profit Margin 2000 Retention Ratio 1 Payout Ratio Retention Ratio 1 025 Retention Ratio 075 Spontaneous Current Liabilities Accounts    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In your internship with LLT Inc. you have been asked toforecast the firm's additional funds needed (AFN) for next year.The firm is operating at full capacity. Data for use in yourforecast are shown below. Based on the AFN equation, what is theAFN for the coming year? (5 points)Last year's sales = S0$200,000Sales growth rate = g40%Last year's total assets = A0*$135,000Last year's profit margin = PM20.0%Last year's accounts payable$50,000Last year's notes payable$15,000Last year's accruals$20,000Target payout ratio25.0%

Other questions asked by students

Q

We want to design a rectangular box without a lid with a volume of 64000 cm^3....

Advance Math
Q

It is believed that standardized test scores, such as SAT, is a good predictor of first-year...

Statistics
Q

As we have been learning that a labor market is a market in which Households supply...

Economics
Q

1. Find a possible formula for the trigonometric function whose values are in the following table. X...

Advance Math
Q

The growing strength of India’s BoP observed in the post reform period since the crisis of...

Finance
Q

The polynomial function f x x kx 3x 10 has the roots at 5 2...

Basic Math
Q

of x3 5x 2x 8 0 algebraically

Algebra
Q

What acronym or nemonic is helping you remember which categories of accounts in the accounting...

Accounting
Q

Tester, Inc, a manufacturer of optical glass, began operations...

Accounting
Q

Sweeten Company had no jobs in progress at the beginning of March and no beginning...

Accounting
Q

Dry Cleaners has determined the following about its costs: Total variable expenses are $37,500, total...

Accounting
Q

Dandy Co. had operating profit of $250,000. The company paid interest at a rate of...

Accounting