The most recent financial statements for summer tyme, inc., are shown here: income statement balance sheet sales $3,900 current assets $5,300 current liabilities $840 costs 2,300 fixed assets 6,400 long-term debt 3,630 taxable income $1,600 equity 7,230 taxes (33%) 528 total $11,700 total $11,700 net income $1,072 assets, costs, and current liabilities are proportional to sales. long-term debt and equity are not. the company maintains a constant 50 percent dividend payout ratio. as with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. what is the external financing needed? (do not round your intermediate calculations.)

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls