hello teacher please solve questions general accounting The management team at PSSS is looking towardthe future. They want to maintain a gross profitmargin of 50%. If the estimate for net sales in2016 is $5 million, how much gross profit will benecessary for 2016 to maintain this ratio?

Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that measures the…

Answered: The management team at PSSS is looking…

Entrepreneurial Finance

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ISBN:9781337635653

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Chapter13: Other Financing Alternatives

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Based on this information, create and solve a ratio analysis: In their most recent discussion with VP Finance, they were informed that total sales next year (2022) was expected to be $1,500,000. You should assume the same amount of turnover in 2022 as there was in the past 5 years. Number of new hires and turnover by year Year New Hires Turnover 2017 10 5 2018 20 7 2019 22 9 2020 25 12 2021 15 15 Sales per year Year Service Sales Product Sales 2017 $250,000 $ 200,000 2018 $350,000 $325,000 2019 $400,000 $450,000 2020 $550,000 $600,000 2021 $625,000 $675,000 How many employees need to be hired in 2022, show all calculations
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Suppose a company has had the historic sales figures shown below. What would be the forecast for next years sales using the average approach?
Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029? The answer is 3:10, however I am not sure how that is concluded. Thanks!
Lanigan Logistics needs to evaluate its financial needs for 2024. It is believed that the relationship between sales and balance sheet items will remain constant when compared to 2023 figures. In 2023 LL expects sales of £4 million with net income of £0.5 million and a 50% dividend payout ratio. Sales for 2024 are forecast at £5 million with net income constant at £0.5 million. Based on the projected balance sheet below, estimate the company's external funding requirements for 2024. Lorenzo Logistics Balance Sheet 2023 Assets Current Assets £410,000 Net Fixed Assets 1,150,000 Total £1,560,000 Liabilities and Equity Accounts Payable £450.000 Long Term Debt 350,000 Total Liabilities £800.000 Common Stock £100,000 Additional Paid in Capital 210,000 Retained Earnings 450,000 Total Equity £760,000 Total £1,560,000
Which is not an example of a well stated financial objective? Increase sales by 10% this year Reduce costs of good sold for next product launch in January 2022 Double our gross margin % by end of the year. Deliver 15% earnings growth in the 4th quarter of 2021

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The management team at PSSS is looking toward the future. They want to maintain a gross profit margin of 50%. If the estimate for net sales in 2016 is $5 million, how much gross profit will be necessary for 2016 to maintain this ratio?