Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i in your business, assets, and liabilities have h

I In your business, assets, and liabilities have historically varied with sales. Assets are usually...

70.2K

Verified Solution

Question

Accounting

I In your business, assets, and liabilities have historically varied with sales. Assets are usually 79 percent of sales, and liabilities are usually 50 percent of sales. Your sales next year will be $208,000 which represents an increase of $43,000. Your profit margin is 10.34 percent. You anticipate that you will have an 31 owner payout of net profit. Using the percentage of sales method, determine the amount of additional financing or surplus for your business next year

Answer & Explanation Solved by verified expert
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

Other questions asked by students

Medical Sciences
1.2K views

Which of these muscles involves any joint: (list the number or highlight the ones that have...

Finance
1.2K views

You are thinking of purchasing an annuity with annual payments of $400. However, unlike previous annuities...

Physics
1.2K views

There are two speakers at the front of the room. Each is outputting a 250Hz pure...

Physics
1.2K views

given that a large population which has been living on an isolated is in hardy weinberg...

Advance Math
1.2K views

Prove that the solution of the discrete least squares problem is given by the orthogonal projection.

Physics
1.2K views

When the voltage across the capacitor is rising it gets charge If there is no...

Geometry
1.2K views

Fruit cocktail comes in large and small cylindrical cans The larger can has a radius...

Basic Math
1.2K views

achna has nickels dimes and quarters in her piggy bank She has 4 65 altogether...

Algebra
1.2K views

What is the domain of the function distance from post in feet 9 5 3...

Accounting
1.2K views

Percent of sales method At the end of the current year, Accounts Receivable...

Accounting
1.2K views

Provide the missing piece of information for the following statement of cash flows puzzle. ...

Accounting
1.2K views

Beverages (Pty) Ltd (Beverages) has four different divisions. One of their divisions (Energy) which produces...