Owen’s Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity.   Balance Sheet (in $ millions) Assets Liabilities and Stockholders' Equity Cash $ 11 Accounts payable $ 23 Accounts receivable   28 Accrued wages   10 Inventory   29 Accrued taxes   13 Current assets $ 68 Current liabilities $ 46 Fixed assets   46 Notes payable   18       Common stock   20       Retained earnings   30 Total assets $ 114 Total liabilities and stockholders' equity $ 114     Owen’s Electronics has an aftertax profit margin of 10 percent and a dividend payout ratio of 50 percent.   If sales grow by 30 percent next year, determine how many dollars of new funds are needed to finance the growth. (Do not round intermediate calculations. Enter your answer in dollars, not millions, (e.g., $1,234,567).)

Bottling's December 31st balance sheet is given below:      Cash                      10       Accounts payable          $ 15Accounts receivable    25       Notes payable                   20      Inventory               40       Accrued wages and taxes 15      Net fixed assets    75       Long-term debt                   30                                               Common equity                  70                                                     Total liabilities       Total assets       $150          and equity                  $150 Sales during the past year were $100, and they are expected to rise by 50 percent to $150 during next year.  Also, during last year fixed assets were being utilized to only 85 percent of capacity (excess capacity).  Assume that profit margin will remain constant at 5 percent and that the company will continue to pay out 60 percent of its earnings as dividends. To the nearest whole dollar, what amount of nonspontaneous, additional funds will be…

Your company collected $340.00 million and spent $381.00 million this month. If previous month's cash position (cumulative cash) is $14.31 million and your company target cash position is $20.00 million. What's your company's cash surplus/shortage at the end of this month, with positive number indicates a surplus and negative number indicates a shortage? Note: your answer should be in millions of dollars

General Manager of Marketing, has recently completed a sales forecast. She believes the company’s sales during the first quarter of 20x1 will increase by 10 percent each month over the previous month’s sales. Then Wilcox expects sales to remain constant for several months. Intercoastal’s projected balance sheet as of December 31, 20x0, is as follows: Cash$55,000 Accounts receivable 324,000 Marketable securities 15,000 Inventory 211,200 Buildings and equipment (net of accumulated depreciation) 634,000 Total assets$1,239,200 Accounts payable$241,920 Bond interest payable 6,250 Property taxes payable 6,000 Bonds payable (5%; due in 20x6) 300,000 Common stock 500,000 Retained earnings 185,030 Total liabilities and stockholders’ equity$1,239,200  Jack Hanson, the assistant controller, is now preparing a monthly budget for the first quarter of 20x1. In the process, the following information has been accumulated:Projected sales for December of 20x0 are $480,000. Credit sales typically are 75…

Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $1,000 Balance Sheet: Assets     Cash $150  Short-term investments $140  Accounts receivable $300  Inventories $300      Total current assets $890  Net fixed assets $600      Total assets $1,490 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.

Conn Man's Shops, a national clothing chain, had sales of $340 million last year. The business has a steady net profit margin of 8 percent and a dividend payout ratio of 35 percent. The balance sheet for the end of last year is shown. Cash Accounts receivable Inventory Plant and equipment Total assets Assets Balance Sheet End of Year (in $ millions) $ 24 39 81 $145 $289 Required new funds Liabilities and Stockholders' Equity Accounts payable Accrued expenses Other payables Common stock Retained earnings Total liabilities and stockholders' equity $ 63 20 36 48 122 $289 The firm's marketing staff has told the president that in the coming year there will be a large increase in the demand for overcoats and wool slacks. A sales increase of 10 percent is forecast for the company. All balance sheet items are expected to maintain the same percent-of-sales relationships as last year,* except for common stock and retained earnings. No change is scheduled in the number of common stock shares…

Farnsbeck Inc. is forecasting a 15% increase in sales next year. Assume the company is operating at 100% capacity. The company has 50,000 shares of common stock outstanding. The firm will pay out 60% of its Net Income in dividends and move 40% into retained earnings Based on the Income statement and balance sheet below answer the following questions. ASSETS 2020 2019 ASSETS 2020 2019 CASH AND MARKETABLE SECURITIES ACCOUNTS RECEIVABLE INVENTORIES 29,000 25,000 116,000 100,000 145,000 125,000 290,000 250,000 362,000 350,000 CURRENT ASSETS GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION 130,000 100,000 232,000 250,000 NET FIXED ASSETS TOTAL ASSETS 522,000 500,000 LIABILITIES AND EQUITY 90,480 34,800 25,420 CURRENT LAIBILITIES 150,700 142,000 145,000 140,000 TOTAL LIABILITIES 295,700 282,000 150,000 150,000 78,000 ACCOUNTS PAYABLE ACCRURALS NOTES PAYABLE 30,000 34,000 LONG TERM DEBT COMMON STOCK ($1.00 par) RETAINED EARNINGS 76,300 68,000 TOTAL OWNER'S EQUITY 226,300 218,000 TOTAL…

Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.     This year Sales   $ 1,000   Balance Sheet: Assets         Cash   $ 150   Short-term investments   $ 130   Accounts receivable   $ 300   Inventories   $ 250       Total current assets   $ 830   Net fixed assets   $ 600       Total assets   $ 1,430     Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar. $

Esther’s Egg Farm is constructing its pro forma financial statements for this year. At year end, assets were $400,000 and accounts payable (the only current liabilities account) were $125,000. Last year’s sales were $500,000. Esther’s expects to grow by 15 percent this year. Assets and accounts payable are expected to grow proportionally to sales. Common stock currently equals $140,000, and retained earnings are $98,000. Esther’s plans to sell $15,000 of new common stock this year. The firm’s profit margin on sales is 6 percent, and 40 percent of earnings will be paid out as dividends. How much new long-term debt financing will Esther’s need this year to finance its expected growth? Esther’s is currently operating at full capacity.