Corn Dog Corp expects net income next year to be $609,000. Inventory and accounts receivable will have to be increased by $302,000 to accommodate this sales level. Corn Dog will pay dividends of $403,000. How much external financing will Corn Dog need assuming no organically generated increase in liabilities

$96,000

Explanation:

Increase in current assets = $302,000

Retained earnings = Net income - Dividends

Retained earnings = $609,000 - $403,000

Retained earnings = $206,000

External financing needed = Increase in current assets - Retained earnings

External financing needed = $302,000 - $206,000

External financing needed = $96,000

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

answer utilities; more money you have to pay out ; )