subject
Business, 10.03.2020 21:23 serenityharmon1

Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year, but its CFO predicts that the firm's operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year Zapatera had $12.42 million in sales with a net income of $1.22 million. The firm anticipates that next year's sales will reach $15.92 million with net income rising to $2.15 million. Given its present high rate of growth, the firm retains all of its earnings to help defray the cost of new investments. The firm's balance sheet for the year just ended is as follows: Current assets $3 millionNet fixed assets $5.6 millionAccounts payable $3.2 millionLong-term debt $1.9 millionCommon stock $1.3 millionPaid-in capital $1.7 millionRetained earnings $500,000Common equity $3.5 millionEstimate Zapatera's financing requirements(that is, total assets) for 2014 and its discretionary financing needs(DFN).

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:50
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
Answers: 3
question
Business, 22.06.2019 05:00
What is a sort of auction for stocks in which traders verbally submit their offers?
Answers: 3
question
Business, 22.06.2019 10:30
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
question
Business, 22.06.2019 23:00
Which of the following is true of website content? it should be refreshed periodically to keep customers coming back. once the content has been written and proofread it shouldn't be changed. grammatical errors are not a problem because the customer visits the site to purchase a product, not check the site's grammar. it should be limited to text and shouldn't include multimedia.
Answers: 1
You know the right answer?
Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only...
Questions
question
Mathematics, 23.01.2020 19:31
question
Mathematics, 23.01.2020 19:31