Hi please calculate additional funds needed Piri's dive shop had the following 2019 results:• Sales = $7,200• Costs = $6,100Assets $18,000•• Debt = $8,000Equity = $10,000Forecasted sales for 2020 are $8,500. There are no taxes. Assets and costs are proportionalto sales. Debt and Equity are not. The retention rate is 100%. What is the AFN (additionalfunds needed) in 2020 to support forecasted sales of $8,500? (Hint: Construct the 2020balance sheet and find the AFN required to make the balance sheet balance. Also, assumespontaneous liabilities are unchanged from 2019 to 2020.)

The companies wanted to grow and increase the profits so as to create value for shareholders but…

Answered: ri's dive shop had the following 2019…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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State the kinds of note disclosures that need to be made to help users understand the nature of “Transfers in” to the General Fund.
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