The Manning Company has financial statements as shown next, which are representatives of the company's historical average. The firm is expecting a 40% increase in sales next year, and management is concerned about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of fixed assets, but rather through more efficient asset utilization in the existing store. Among liabilities, only current liabilities vary directly with sales.
Income Statement
Sales $280,000
Expenses 220,600
Earnings before interest and taxes $59,400
Interest 8,900
Earnings before taxes $50,500
Taxes 16,900
Earnings after taxes $33,600
Dividends $11,760
Balance Sheet
Assets Liabilities and Stockholders Equity
Cash $6000 Accounts payable $21,200
Accounts receivable 44,000 Accrued wages 2,150
Inventory 62,000 Accrued taxes 4,650
Current assets $112,000 Current liaiblities $28,000
Fixed assets 99,000 Notes payable 8,900
Long-term debt 24,500
Common stock 123,000
Retained earnings 26,600
Total assets $211,000 Total liabilities and Stockholders' equity $211,000
Using the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. A profit margin and payout ratio must be found from the income statement. Do not intermediate calculations, input the amount as a positive value,

Which of the following statements regarding the learning curve and economies of scale is accurate? answers: just as diseconomies of scale are presumed to exist if a firm gets too large, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too large, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.where diseconomies of scale are presumed to exist if a firm gets too small, there is no corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.just as diseconomies of scale are presumed to exist if a firm gets too small, there is a corresponding increase in costs in the learning-curve model as the cumulative volume of production grows.

The cost of capital: introduction the cost of capital: introduction companies issue bonds, preferred stock, and common equity to aise capital to invest in capital budgeting projects. capital is』necessary factor of production and like any other factor, it has a cost. this cost is equal to the select the applicable security. the rates of return that investors require on bonds, preferred stocks, and common equity represent the costs of those securities to the firm. companies estimate the required returns on their securities, calculate a weighted average of the costs of their different types of capital, and use this average cost for capital budgeting purposes. required return on rate: when calculating om operations when the firm's primary financial objective is to select shareholder value. to do this, companies invest in projects that earnselect their cost of capital. so, the cost of capital is often referred to as the -select -select and accruals, which a se spontaneously we hted average cost of capital wa c our concern is with capital that must be provided by select- 쑤 interest-bearing debt preferred stock and common equity. capital budgeting projects are undertaken, are not included as part of total invested capital because they do not come directly from investors. which of the following would be included in the caculation of total invested capital? choose the response that is most correct a. notes payable b. taxes payable c retained earnings d. responses a and c would be included in the calculation of total invested capital. e. none of the above would be included in the cakulation of total invested capital.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.