The current year financial statements of Your Health Corporation reported sales of $142,021 million and accounts receivable of $9,731 million If sales are projected to increase 4% next year, what is the projected accounts receivable balance for the following year? Note: Use a rounded forecasting factor in your computations (for example, 0.044555 = 4.5%). Select one: O a. $8,659 million O b. $9,920 million O c. $8,330 million O d $10 191 million

The current year financial statements of Your Health Corporation reported sales of $142,021 million and accounts receivable of $9,731 million If sales are projected to increase 4% next year, what is the projected accounts receivable balance for the following year? Note: Use a rounded forecasting factor in your computations (for example, 0.044555 = 4.5%). Select one: O a. $8,659 million O b. $9,920 million O c. $8,330 million O d $10 191 million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Jim's Espresso expects sales to grow by 10.2% next year. Assume that Jim's pays out 81,8% of its not income. Use the following statements and the percent of sales method to forecast the following a. Stockholders' equity b. Accounts payable. a. Stockholders' equity The new stockholders' equity will be 5 (Round to the nearest dollar) b. Accounts payable The forecasted accounts payable will be $ (Round to the nearest dollar)
Determine the percentage increase in annual operating income if Pharoah Corporation increases its selling price by 20% and all other factors (including demand) remain constant. ( Round answer to 2 decimal places, e.g. 15.25% .) Percent increase in profit %
not use of excel.only use formula to solve. Q)For an income of $4,500 per month for the past five years, what is the present worth of the income at an interest rate of 15% per year, compounded monthly? $270,000 $543,078 $398,585 $298,485
Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC per unit iof 6.50 per unit. Fixed cost is 155,000 and Interest cost is 90,000. Q3. Assume that the company expects to have sales increase by 20%, what will be the resulting change in EBIT in year 2021? A• 25% B• 26.45% C• 33.33% D• 28.38%
he following data represents the annual sales of a Digitech Automation products SAOG. Year 2014 2015 2016 2017 2018 Sales (in Millions) OMR 380 440 520 396 514 Use method of least squares to calculate the trend values and the forecast for the future period. Which of the following is the annual sales forecast for the year 2019 using least squares method? a. 539.6 Million OMR b. 584.4 Million OMR c. 606.8 Million OMR d. 562 Million OMR
Please write clearly for practice problems
Need help with this practice problem, please write clearly thank you
Suppose a company has had the historic sales figures shown below. What would be the forecast for next years sales using the average approach?
Your company has sales of $97,200 this year and cost of goods sold of $71,200. You forecast sales to increase to $113,100 next year. Using the percent of sales method, forecast next year's cost of goods sold.
Use the information provided below to prepare the following for January and February 2023:4.1 Debtors Collection Schedule INFORMATIONThe following information was provided by Intel Enterprises:1. The bank balance on 31 December 2022 is expected to be R40 000 (unfavourable).2. Credit sales are expected to be as follows:December 2022 January 2023 February 2023R576 000 R540 000 R648 0003. Credit sales usually make up 40% of the total sales. Cash sales make up the balance. Cash customersreceive a 10% discount.4. Credit sales are normally collected as follows:* 30% in the month in which the transaction takes place, and these customers are entitled to a 5% discount.* 65% in the following monthThe rest is usually written off as bad debts.5. Budgeted purchases of inventory are as follows:December 2022 January 2023 February 2023R1 000 000 R800 000 R920 000 6. Fifty percent (50%) of the purchases are…
Use the table for the question(s) below. FCF Forecast ($ million) Year Sales 1 270 12.5% 32.40 Less: Income Tax (37%) (6.48) Less Increase in NWC (12% of Change in Sales) 3,60 Free Cash Flow 22.32 Growth versus Prior Year EBIT (10% of Sales) 0 240 OA. $4.27 OB. $7.47 OC. $12.8 OD. $5.12 2 290 7.4% 34.80 (6.96) 2.40 25.44 ACCE 3 310 6.9% 37.20 (7.44) 2.40 27.36 Banco Industries expect sales to grow at a rapid rate over the next 3 years, but settle to an industry growth rate of 4% in year 4. The spreadsheet above shows a simplified pro forma for Banco Industries. Banco industries has a weighted average cost of capital of 10%, $30 million in cash, $60 million in debt, and 18 million shares outstanding. If Banco Industries can reduce its operating expenses so that EBIT becomes 12% of sales, by how much will its stock price increase? 4 325.5 5.0% 39.06 (7.81) 1.86 29.388
Using AFN formula in financial forecasting approach, given the following accounting information assuming that the firm's profit margin remains constant and the company is at full capacity. Sales = 6,000,000 Percentage increase projected for next year sales = 20% Net income this year = 600,000 Retention ratio = 50% Accounts Payabale = 1,100,000 Notes Payable = 180,000 Accrued expenses = 500,000 Projected excess funds available next year is = 200,000 Total assets amounted to?