.00 million in 2020. Its assets totaled $5 million at the end of 2019. pussard is already at full capacity, so its assets must grow at the same rate as proje es. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 d counts payable, $500000 of notes payable, and $450000 of accruals. The after-tax argin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN e forecast Broussard's additional funds needed for the coming year. ter your answer in dollars. For example, an answer of $1.2 million should be entered 200,000. Do not round intermediate calculations. Round your answer to the neares

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Long-Term Financing Needed At year-end 2021, Wallace Landscaping's total assets, all of which are used in operations, were $1.97 million, and its accounts payable were $435,000. Sales, which in 2021 were $3.4 million, are expected to increase by 30% in 2022. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $465,000 in 2021, and retained earnings were $270,000. Wallace has arranged to sell $190,000 of new common stock in 2022 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2022. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 3%, and 45% of earnings will be paid out as dividends. a. What was Wallace's total long-term debt in 2021? Do not round…

On January 1, 2020, Oceanic Bank made a P1,000,000 8% loan. The P80,000 interest is receivable at the end of each year, with the principal amount to be received at the end of five years. At the end of 2020, the first year's interest of P80,000 has not ye been received because the borrower is experiencing financial difficulties. The borrower negotiate a restructuring of the loan. The payment of all the interest for 5 years will be delayed until the end of the 5-year loan term. In addition, the amount of principal repayment will be dropped from P1,000,000 to P500,000. The PV of 1 at 8% for 4 periods is .735. No interest revenue has been recognized in 2020 in connection with the loan. What amount should be reported as interest income for 2021? * a.80,000 b.52,920 c.48,960 d.0