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  1. business
  2. accounting
  3. revenues $4,200 current assets $4,500 current.

Revenues $4,200 Current assets $4,500 Current...

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Question

Accounting

Revenues $4,200 Current assets $4,500 Current liabilities $970
Costs

2,800

Fixed assets 5,300 Long-term debt 3,500
Taxable income $1,400 Equity 5,330
Taxes (23%) 322 Total

$9,800

Total

$9,800

Net income

$1,078

Assets, costs, and current liabilities vary directly with revenues. Long-term debt and equity do not. The firm maintains a constant 40 percent dividend payout rate. Revenues for the next year are projected to increase by 25 percent.

What is the external financing needed for the next year?

Multiple Choice

  • $1,399.00

  • $1,349.00

  • $875.00

  • $1,641.50

  • $1,449.00

Answer & Explanation Solved by verified expert
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