1.117pointseBookThe Bandon Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. Thepayables period is 60 days. Wages, taxes, and other expenses are 35 percent of sales, and interest and dividends are $121 per quarter.No capital expenditures are planned. Projected quarterly sales are:Q1Sales $ 1,320Q2Q3Q4$ 1,470 $ 1,560 $ 1,770Sales for the first quarter of the following year are projected at $1,440. Calculate the company's cash outlays by completing thefollowing:Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.PrintPayment of accountsWages, taxes, other expensesReferencesLong-term financing expenses (interest and dividends)TotalQ1Q2Q3Q4

The objective of the question is to calculate the company's cash outlays for payment of accounts,…

Answered: 1.11 7 points eBook The Bandon Pine…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Item2 Item 2 Waste Disposal Systems has an aftertax cost of debt of 9.5 percent. With a tax rate of 40 percent, what can you assume the yield is on the debt? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Yield %
int rences 8 00 Gook Suppose you are 35 and have a $90,000 face amount, 15-year, limited-payment, participating policy (dividends will be used to build up the cash value of the policy). Your annual premium is $810. The cash value of the policy is expected to be $3,600 in 15 years. Using time value of money and assuming you could invest your money elsewhere for a 8 percent annual yield, calculate the net cost of insurance. Use (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round time value factor to 3 decimal places and final answer to the nearest whole number. Net cost of insurance D
eBook AFN equation Broussard Skateboard's sales are expected to increase by 20% from $7.2 million in 2019 to $8.64 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%, and the forecasted payout ratio is 75%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. Hide Feedback Incorrect Problem Walk-Through Check My Work
9. Calculating Payments [LO3] The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 75 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $90 per quarter. No capital expenditures are planned. Projected quarterly sales are shown here: Q1 Q2 Q3 Q4 Sales $980 $930 $1,070 $1,250 Sales for the first quarter of the following year are projected at $1,090. Calculate the company's cash outlays by completing the following: Q1 Q2 Q3 Q4 Payment of accounts Wages, taxes, other expenses Long-term financing expenses (interest and dividends) Total
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2. Problem 17.02 (AFN Equation) eBook Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022, or by 20%. Its assets totaled $3 million at the end of 2021. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021, current liabilities are $1 Allion, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 6%, and the forecasted retention ratio is 35%. Use the AFN equation forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar. $ • to What additional funds would be needed if the company's year-end 2021 assets had been $4 million? Assume that all other numbers are the same. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round…
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