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Amaris0901
04.04.2020 •
Business
I In your business, assets, and liabilities have historically varied with sales. Assets are usually 82 percent of sales, and liabilities are usually 54 percent of sales. Your sales next year will be $208,000 which represents an increase of $40,000. Your profit margin is 11.99 percent. You anticipate that you will have an 42 owner payout of net profit. Using the percentage of sales method, determine the amount of additional financing or surplus for your business next year. (answer to two decimal places, negative numbers start with -)
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Ответ:
Answer and Explanation:
Computation table for Surplus amount:
Particular Current year Future year
Sales $168,000 $208,000
Less: Net Profit 11.99% of sales $20,143.8 $24,932.2
Cost (sales - 11.99%) $147,856.8 $183,060.8
Owner's payout 42% of cost $62,099.856 $76,885.536
Surplus (Cost - Owner payout) $85,756.944 $106,175.264
Computation table for additional financing fund:
Particular Current year Future year
Assets 82% of sales $137,760 $170,560
Less: Liabilities 54% of sales $90,720 $112,320
Additional Funding $47,040 $58,240
Ответ: