62) the chs company has provided the following information: • accounts receivable written-off as uncollectible during the year amounted to $11,500. • the accounts receivable balance at the beginning of the year was $150,000. • the accounts receivable balance at the end of the year was $210,000. • the allowance for doubtful accounts balance at the beginning of the year was $14,000. • the allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900. • credit sales during the year totaled $900,000.

Adupont analysis is conducted using the dupont equation which to identify

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.