Revenues $4,200 Current assets $4,500 Current liabilities $970 ...
70.2K
Verified Solution
Link Copied!
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
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.