Problem 2:Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015using the percent of sales method, and the below additional given (Round numbers to the nearest dollar):Given forecasted sales of 2015: $6,500b- The tax rate will be 40% in 2015.The company expected to distribute dividends of $750 in 2015.The interest rate on all interest-bearing loans will be 5% annually in 2015.The company is not intending to make changes to its fixed assetsa-C-d-e-1- The forecasted cost of goods sold for 2015 is expected to be:O a) $3,300Ob) $3,738c) $3,000d) $4,250e) None of the above.2- Forecasted fixed expenses amount for 2015 is expected to ber TOJUEHRE ZsBMUqPCOIQg9pNQ4sA3A6UFFh9Hjng/formResponse?pli=1xt20142013Lease expense55.0055.00Plant & Equipment5,170.004,910.00Long term debt3,220.003,122.00Common stock1.550.001,300.00Addition al paid in capital572.00542.00Accumulated depreciation170.00136.00Land350.00270.00Accounts Payable380.00300.00Notes payable44.0025.00Other currenti liabilities242.00211.00Depreciation expense34.0030.00Selling end G&A expenses765.00632.00Seles6,000.004,250.00Cost of goods sold3,300.002,550.00Fixed expenses100.00100.00Interest expense150.00110,00Cash121.0080.00Accounts receivable370.00847.00925.00752.00Inventory758,00723.00Retained earnings35%35%Тax rateA do ENG

The question is related to Ratio Analysis. The cost of goods sold to sales ratio = Cost of goods…

Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar): Given forecasted sales of 2015: $6,500 The tax rate will be 40% in 2015. The company expected to distribute dividends of $750 in 2015. The interest rate on all interest-bearing loans will be 5% annually in 2015. e- The company is not intending to make changes to its fixed assets a- b- C- d- 1- The forecasted cost of goods sold for 2015 is expected to be: " O a) $3,300 O b) $3,738 c) $3,000 O d) $4,250 e) None of the above.

Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar): Given forecasted sales of 2015: $6,500 The tax rate will be 40% in 2015. The company expected to distribute dividends of $750 in 2015. The interest rate on all interest-bearing loans will be 5% annually in 2015. e- The company is not intending to make changes to its fixed assets a- b- C- d- 1- The forecasted cost of goods sold for 2015 is expected to be: " O a) $3,300 O b) $3,738 c) $3,000 O d) $4,250 e) None of the above.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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