AFN equation Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in...
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AFN equation Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2019 to $B.97 milion in 2020. Its assets totaled $5 million at the end of 2019 . Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019 , 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%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 milion should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. Projected Operating Assets Berman \& Jeccoc Corporation's current sales and partial balance sheet are shown below. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar. Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar
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AFN equation Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2019 to $B.97 milion in 2020. Its assets totaled $5 million at the end of 2019 . Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019 , 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%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 milion should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. Projected Operating Assets Berman \& Jeccoc Corporation's current sales and partial balance sheet are shown below. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar. Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar 
