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-   -   Fin 200 week three checkpoint (https://www.askmehelpdesk.com/showthread.php?t=312830)

  • Feb 4, 2009, 03:09 AM
    eddiee
    Fin 200 week three checkpoint
    The CFO of IPOD Accessories, Inc. has asked for your help in estimating the
    Firm’s additional financing needed for next year. The CFO has provided the
    Following information to help you with your task:
    Sales are forecasted to increase by $450,000.
    Total assets will increase by 80 percent of increase in sales.
    Current liabilities will increase by 30 percent of increase in sales.
    Net income is projected to equal $125,000.
    Projected dividend payments will equal $35,000.
    Guarantee
  • Feb 4, 2009, 03:10 AM
    eddiee
    Fin 200 week three checkpoint
    . Prepare a cash budget for Rotor Products, Inc. for the second quarter of 2006, based on the following information. The marketing department has provided
    You with the following sales estimates, all of which are for cash:

    Total Sales
    March 2006 (actual) $425,000
    April 2006 330,000
    May 2006 420,000
    June 2006 450,000

    The company estimates its purchases at 60 percent of next month’s sales,
    And payments for those purchases are budgeted to lag the purchases by
    1 month.

    Various disbursements have been estimated as follows:
    April May June
    Wages and salaries $220,000 $190,000 $190,000
    Rent 14,000 14,000 14,000
    Other expenses $ 5,000 6,000 7,000
    In addition, a tax payment of $55,000 is due on April 15. The company’s
    Projected cash balance at the beginning of April is $60,000, and the company
    Desires to maintain a balance of $50,000 at the end of each month.
  • Feb 4, 2009, 03:23 AM
    Curlyben
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help

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