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    momneedinghelp's Avatar
    momneedinghelp Posts: 5, Reputation: 1
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    #1

    Nov 8, 2009, 02:17 PM
    Managerial Accounting
    My company has sales of 500,000 dollars. A/R rate of 90,000 dollars. With a profit margin of 12% with a 40% dividend payout, how much external financing will I need? Please tell me how to solve this problem.
    haider78605's Avatar
    haider78605 Posts: 61, Reputation: 1
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    #2

    Nov 8, 2009, 02:32 PM

    Account receivables = 90000
    less profit retained
    500000 x .12(1-.4) = -36000
    Net financing required = 54000
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