Fuzzy Button Clothing Company reported sales of $820,000 at the end of last year; but this year, sales are expected to grow by 10%. Fuzzy Button expects to maintain its current profit margin of 23% and dividend payout ratio of 10%. The firm’s total assets equaled $500,000 and were operated at full capacity. Fuzzy Button’s balance sheet shows the following current liabilities: accounts payable of $65,000, notes payable of $25,000, and accrued liabilities of $60,000. Based on the AFN (Additional Funds Needed) equation, what is the firm’s AFN for the coming year? -$149,214 -$164,135 -$186,518 -$134,293
Answers
Answer:
-$149,214
Explanation:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = assets / sales = 500,000 / 820,000 = 0.60976
ΔSales = $820,00 x 10% = $82,000
L/S = liabilities / sales = 125,000 / 820,000 = 0.15244
PM = profit margin = 23%
FS = forecasted sales = $902,000
1 - d = 1 - 10% = 0.9
EFN = (0.60976 x $82,000) - (0.15244 x $82,000) - ($902,000 x 0.23 x 0.9) = $ 50,000 - $12,500 - $186,714 = -$149,214
Related Questions
How does implementing change affect strategic relationship management?
A. It upsets the balance between the needs of key positions.
ОО
B. There is very little impact on relationship management.
O C. Change doesn't impact internal relationships.
O D. It makes fewer resources available to satisfy stakeholders.
Answers
Answer:
A it upsets the balance
Explanation:
Answer:a
Explanation:
it upsets the balance
Uri would like to change the font color in a group of cells. In which part of the Excel window should he look for font color
controls?
the Quick Access toolbar
the ribbon
the worksheet
the formula bar
Answers
Answer:
B the Ribbon
Explanation:
The Ribbon is where you can change the font color
The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your
neighbor (N) can consume without trade. Suppose you are initially consuming 6 bananas and 6 coconuts and your
neighbor is initially consuming 3 bananas and 9 coconuts.
Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative
advantage.
You give your neighbor half of your production for half of what he produces. (Enter all responses as integers.)
If you trade with your neighbor, then you will have 8 additional coconut(s) after the trade and 10 additional banana(s)
additional banana(s) and will be
as a result of
the same time, your neighbor will be able to consume
trade.
Answers
If you trade with your neighbor, then you will have 6 additional coconuts after the trade and 9 additional bananas and will be better off as a result of trade. At the same time, your neighbor will be able to consume 3 additional coconuts and 12 additional bananas after trade.
What is the production possibility frontier?The Production Possibility Frontier (PPF) is an economic curve that illustrates the combinations of production that can be attained when nations or firms specialize in producing goods in areas where they enjoy more comparative advantages than others.
Data and Calculations:Consumption without trade:
Coconuts Bananas
You 6 6
Neighbor 9 3
Total consumed 15 9
Production with specialization:
Coconuts Bananas
You 24 0
Neighbor 0 30
Total Production 24 30
Additional units with specialization:
Coconuts Bananas
Production with trade 24 30
Trade Exchange 12 15
Balance after trade 12 15
Your Consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 6 6
Additional units 6 9
Neighbor's consumption with trade:
Coconuts Bananas
After trade 12 15
Before trade 9 3
Additional units 3 12
Thus, with the PPF, we can conclude that you and your neighbor enjoy the consumption of more coconuts and bananas when you engage in trade than without trade.
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Interventions strategies to prevent restrictions or barrier in small businesses townships
Answers
To prevent restrictions or barriers in small businesses in townships, several intervention strategies can be implemented:
1. Business Development Support: Offer training programs, workshops, and mentorship opportunities to help small business owners develop essential skills such as financial management, marketing, and business planning.
2. Access to Capital: Establish microfinance programs or low-interest loan schemes to provide small businesses with the necessary funds to start or expand their operations. Additionally, create partnerships with financial institutions to streamline the loan application process.
3. Infrastructure Improvement: Invest in upgrading township infrastructure, including roads, electricity, and internet connectivity. This will enhance the business environment, attract investors, and facilitate smoother operations for small businesses.
4. Regulatory Simplification: Simplify and streamline licensing and permit procedures, reducing bureaucracy and paperwork burdens. This will make it easier for entrepreneurs to start and operate businesses, fostering a favorable environment for small enterprises.
5. Market Linkages: Facilitate connections between small businesses and larger supply chains, enabling them to access wider markets and secure stable customer bases. This can be achieved through networking events, trade fairs, and partnerships with established businesses.
6. Local Procurement Policies: Encourage local governments and institutions to adopt procurement policies that prioritize purchasing goods and services from small businesses in the townships, thereby boosting their economic growth and sustainability.
7. Collaborative Initiatives: Foster collaboration among small businesses by establishing business associations, cooperatives, or incubation centers. These platforms can provide shared resources, collective marketing efforts, and a supportive community.
By implementing these intervention strategies, the barriers and restrictions faced by small businesses in townships can be minimized, promoting their growth, sustainability, and contribution to the local economy.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Which of these is more likely to be true?
A. An adaptor is likely to consider radical innovations
B. An innovator is likely to consider incremental innovations
C. Large companies often find it easier to adopt radical innovations.
D. Innovators will often push for radical innovations.
Answers
Answer: D. Innovators will often push for radical innovations.
Explanation:
A radical innovation is one that when made, changes up the way things were being done in the industry that it appears in. For instance, when the first digital camera was made, it changed photography forever.
This is what innovators want. They want to come up with a product that would change the way things are being done and enable them to take over the market.
If an advertiser bids $4.75 CPM and another advertiser bids $0.50 per CPC with a click rate of 1%, the display network would award the ad space to A. the CPM bidder because the network would earn $4.75 versus only 50 cents with the CPC bidder BY. the CPM bidder since the network has no idea how many click throughs the CPM bidder will get C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions D. the CPC bidder because the $0.50 per click rate would produce an income of $50.00 versus only $4.75 for the CPM bidder
Answers
Answer: C. the CPC bidder because the 1% click through rate would produce $5.00 over 1,000 impressions
Explanation:
From the question, an advertiser bids $4.75 cost per thousand impressions (CPM) while another advertiser bids $0.50 per CPC with a click rate of 1%. Over 1000 impressions, the second advertiser bids will produce:
= $0.50 × 1% × 1000
= $0.50 × 0.01 × 1000
= $5
Based on the analysis above, the CPC bidder will be awarded the advertisement space because the 1% click through rate would give $5.00 over 1,000 impressions.
What are the two primary goals of a central bank?
Answers
The two primary goals of a central bank are to provide their countries' currencies with price stability by controlling inflation.
The central bank also acts as the regulator of a country's monetary policy and is the sole provider and printer of banknotes and coins in circulation. A central bank's key role is to implement monetary policy to achieve price stability and manage economic volatility.
The political framework within which central banks operate has changed significantly in recent decades. The main goal of many central banks is price stability. In some countries, the central bank is also required by law to support full employment. One of the main tools of any central bank is setting interest rates the cost of money as part of its monetary policy.
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What is the first step in QuickBooks Online that must be completed prior to recording the deposit? +New > Invoice +New> Journal entry +New> Receive payment +New > Make deposit
Answers
The first step in QuickBooks Online that must be completed prior to recording the deposit is Option C. +New > Receive payment.
The first step in QuickBooks Online that must be completed prior to recording the deposit is +New > Receive payment. It is recommended that you document each payment you receive from your clients or customers as a deposit to ensure that the transaction is accurately reflected in your QuickBooks Online account.
To record a deposit in QuickBooks Online, follow these steps:
Go to QuickBooks online and sign in to your account. Select the +New button, which is located in the upper-left corner of the screen. Choose Receive Payment from the drop-down menu. Enter the name of the customer who is making the payment in the Receive Payment From field. From the Payment Method drop-down menu, select the payment method that the customer is using. Enter the amount of the payment that was received in the Payment Amount field, along with any fees or discounts that may apply. If there are any notes you'd like to include with the transaction, you can add them to the Memo field. Click on Save and close.To summarize, when recording a deposit in QuickBooks Online, the first step that must be completed is to choose the +New button and select Receive Payment from the drop-down menu. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
What is the first step in QuickBooks Online that must be completed prior to recording the deposit?
A. +New > Invoice
B. +New> Journal entry
C. +New> Receive payment
D. +New > Make deposit
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If you suspect that a company will go bankrupt next year, which would you rather hold, bonds issued by the company or equities issued by the company? Why?
Answers
Answer:
The answer is bonds
Explanation:
In the case of a looming bankruptcy, bonds issued by the company will be preferred.
Bond holders are always paid before equity owners(shareholders) in the case of liquidation. Equity owners are the residual owners and they are always the last set of stakeholders to be chose . Bondholders are being paid periodically (monthly, semiannuallly, quarterly or yearly).
Which is an example of a diversified portfolio?
A. A variety of stocks, bonds, and bank accounts
B. A variety of high-risk stocks
C. High-yield bonds and growth stocks
D. Multiple bank accounts with high interest
Answers
A variety of stocks, bonds, and bank accounts.
What Is Diversification?
A portfolio's investments are mixed together in a broad variety as part of the risk management approach known as diversification. To reduce exposure to any one asset or risk, a diversified portfolio combines a variety of different asset classes and investment vehicles.
This strategy is justified by the idea that a portfolio made up of many asset classes would, on average, produce superior long-term returns and reduce the risk of any one holding or security.
In order for the beneficial performance of certain assets to offset the bad performance of others, diversification aims to smooth out unsystematic risk occurrences in a portfolio. The benefits of diversity only apply if the assets in the portfolio are not fully linked; in other words, if they react to market factors differently, frequently in opposite directions.
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7. How micro and macro economics are interdependent
to each other?
Answers
Explanation:
Actually micro and macroeconomics are interdependent. The theories regarding the behaviour of some macroeconomic aggregates (but not all) are derived from theories of individual behaviour. ... Similarly, the theory of aggregate consumption function is based upon the behaviour patterns of individual consumers.
Select the statement that demonstrate a characteristic of a leader
Answers
The statement that demonstrate the characteristic of a leader is: Establishing and retaining your company's competitive advantage depends on experimentation. Great leaders are aware of this and promote innovation and risk-taking within their company.
What is a leader?
Being leader is the ability to execute strategic objectives, align people's individual and collective goals, and continuously refresh an organisation are all examples of leadership behaviours. The quality of leader involves directing and influencing outcomes and empowering groups of individuals to collaborate in order to achieve goals that they couldn't achieve on their own.
A leader also does not fear in taking risks and doing experiments for achieving his goals.
Therefore, Experimentation is essential for a Leader to establishing and maintaining your company's competitive advantage. Knowing this, great leaders encourage risk-taking and innovation within their organisations.
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Does the store sell consumer products or industrial products why would you describe the store’s products this way?
Answers
Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. Industrial goods are bought and used for industrial and business use.
What is the difference between selling of consumer and industrial products?One method of categorizing items is by who the target consumer or customer is. There is a significant contrast between goods and services meant for use by individuals and homes (consumer products) and goods and services designed for use by other enterprises ( industrial products). Products are categorized into four groups depending on customer behaviors, pricing, and product characteristics: convenience goods, shopping goods, specialist products, and unsought goods.
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The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 95,400 Current assets $ 35,500 Debt $ 46,200 Costs 68,250 Fixed assets 95,300 Equity 84,600 Taxable income $ 27,150 Total $ 130,800 Total $ 130,800 Tax 6,245 Net Income $ 20,905 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate
Answers
Answer:
17.30% sustainable growth rate
Explanation:
sustainable growth rate:
retention ratio x return on equity
retention ratio = 1 - payout ratio = 1 - 0.30 = 0.7
from each dollar of net income the company keeps 70 cents for re-investing.
return on equity: net income / equity
20,905 / 84,600 = 0,247101
each dollar of equity generates 0.247104 cents of income
we keep 70% of this, therefore:
0.2471 x 0.7 = 0,1729728 = 17.30% sustainable growth rate
Why is it important for every person to keep track of their earnings and spending patterns?
Answers
1. What are the advantages of learning in a group
Answers
Peer learning
In group work, students will learn from their fellow students. Sometimes peers will be able to explain concepts or ideas to their fellow students better than a lecturer or teacher.
Improves critical thinking
During the group work process students will be expressing their opinions or ideas with the other students in the group providing feedback. This feedback to each student will include critique as well as the interpretation of the opinions or ideas expressed. The final piece of group work will be based on the total opinions and ideas discussed.
Enhances problem solving
Each piece of group work provided for collaborative learning will require some problem solving. Every member in the group will need to help solve the problem in order to complete the task.
Improves communication skills
Working in groups to learn will encourage people to improve their communication skills. They will need to learn how to communicate their opinions or ideas, how to listen to other people’s opinions or ideas and provide feedback.
Improves cultural awareness
People from different backgrounds and cultures may have different ways to learn as well as different opinions or ideas than other people in the group. By working in groups, these differences will be highlighted and will improve people’s awareness.
An economy produces only apples and oranges. The base year is 2012, and the table gives the quantities produced and the prices
Answers
The Real GDP in 2010 is $2,400 and the nominal GDP in 2010 is less than $2,400. Thus, Option (C) is correct.
The formula for real GDP is:
\(~$Real GDP = Quantity of apples (Year) * Price of apples (Base Year) + Quantity of oranges (Year) * Price of oranges (Base Year)\)
Using the data provided:
Base Year (2012):
Price of apples (Base Year) = $4
Price of oranges (Base Year) = $3
Year 2010:
Quantity of apples (2010) = 300
Quantity of oranges (2010) = 400
Price of apples (2012) = $4
Price of oranges (2012) = $3
Now, let's calculate the real GDP for 2010:
\(~$Real GDP 2010 = 300 * \$4 + 400 * \$3\)
\(~$Real GDP 2010 = \$1200 + \$1200\)
Real GDP 2010 = $2400
So, the real GDP in 2010 with the base year 2012 is $2400.
To find the nominal GDP in 2010, one can use the prices and quantities from that year:
\(~$Nominal GDP 2010 = Quantity of apples (2010) * Price of apples (2010) + Quantity of oranges (2010) * Price of oranges (2010)\)
\(~$Nominal GDP 2010 = 300 * \$2 + 400 * \$2\)
\(~$Nominal GDP 2010 = \$600 + \$800\)
Nominal GDP 2010 = $1400
So, the nominal GDP in 2010 is $1400.
Thus, Option (C) i.e. $2,400; less than $2,400 accurately matches with the data given.
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Suppose an economy produces only apples and oranges, and the prices and quantities of each are given in the table below.
Year Price (oranges) Quantity (oranges) Price (apples) Quantity (apples)
2010 $2 400 $2 300
2012 $3 800 $4 1200
Assuming that 2012 is the base year, real GDP in 2010 is _____ and nominal GDP in 2010 is _____.
a. $2,400; more than $2,400
b. $4,000; more than $4,000
c. $2,400; less than $2,400
d. $4,000; less than $4,000
e. none of the above
Select the correct answer. When organizing paragraphs within the body of your essay: A. Present the paragraphs in order from most important to least. B. Choose a pattern of organization that will guide the reader through the argument. C. Find the most convincing argument in your outline and present this paragraph first.
Answers
The correct option is B. Choose a pattern of organization that will guide the reader through the argument.
When organizing paragraphs within the body of an essay, it is important to choose a pattern of organization that effectively presents and supports the main argument or thesis statement. This pattern should guide the reader through the logical flow of ideas and evidence.
Option A, presenting paragraphs in order from most important to least, may not always be the most appropriate approach. The significance of each paragraph can vary depending on the specific essay and argument. It is often more effective to arrange paragraphs in a way that builds upon previous points and leads the reader towards a convincing conclusion.
Option C, presenting the most convincing argument first, may also not be the best choice. The order of paragraphs should be determined by the logical progression of ideas rather than the individual strength of each argument. By following a clear pattern of organization, the essay can present a cohesive and coherent argument that is easy for the reader to follow and understand. Hence the correct answer is B. Choose a pattern of organization that will guide the reader through the argument.
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Which of the following is not an example of a multichannel retailer?
Answers
Answer:A
thats the one
Explanation:
McDonals is the example of multichannel retailer as the company is providing burgers and fries to its different outlets and in diffrent food ordering sites in many countries.
What is multichannel retailer?The technique of selling similar products over multiple channels and platforms is known as multichannel commerce.
The platforms can be both online and offline, with different channels such as brick and mortar stores, online stores, mobile stores, and mobile app stores.
Thus, McDonals is the example of multichannel retailer.
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What is one reason to connect to the same file several time?
Answers
Answer:
You want to make sure you have all the data. You want to separate data from the file to create lookup tables.
One reason to connect to the same file several time is that you want to separate data from from the file to create lookup tables.
What are lookup tables?"A lookup table is an array of data that maps input values to output values, thereby approximating a mathematical function. Given a set of input values, a lookup operation retrieves the corresponding output values from the table. If the lookup table does not explicitly define the input values, Simulink can estimate an output value using interpolation, extrapolation, or rounding, where: an interpolation is a process for estimating values that lie between known data points."
" An extrapolation is a process for estimating values that lie beyond the range of known data points. A rounding is a process for approximating a value by altering its digits according to a known rule. A lookup table block uses an array of data to map input values to output values, approximating a mathematical function. Given input values, Simulink performs a “lookup” operation to retrieve the corresponding output values from the table. If the lookup table does not define the input values, the block estimates the output values based on nearby table values."
What is data?"Data are individual facts, statistics, or items of information, often numeric. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum is a single value of a single variable."
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Question 10 of 10
How do values play a role in planning a career?
Answers
Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.
What are values in career planning?Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.
Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.
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What is the meaning of ECONOMICS?
Answers
Answer:
Hello and welcome to Brainly! I'm Gabriella and I'm a part of the Engagement team on Brainly. Thank you for posting your first question! I hope you enjoy your time here on Brainly! If you have any questions about navigating and understanding the Brainly website, don't hesitate to reach out to me or anyone else on the Engagement team!
Explanation:
Microsoft sells its wireless laser desktop mouse and keyboard for $70. Unit variable costs are$45.60 and fixed costs associated with this product total $277,200.
a. What is the break-even point in units?
b. What is the net income or loss if 40,000 units are sold?
Answers
Answer:
11,361 units and profit $698,800.00
Explanation:
The break-even point is obtained by dividing fixed costs by contribution margin per unit.
Break-even =fixed costs/contribution margin per unit
In this case, fixed costs are $277,200.
Contribution margin per unit = selling price- variable cost
= $70 - $45.60
=$24.60
Break-even point in units will be
=$277,200/$24.60
=11,361 units
Net income after sales of 40,000 units
Total revenue =sales x volume
=$70 x 40,000
=$2,800,000.00
net income will be $2,800,000.00 -( variable costs+ fixed costs)
=$2,800,000.00- {($45.60 x 40,000) + $277,200}
=$2,8000,000.00 -($1,824,000.00 + $ 277,200)
=$2,8000,000.00- $2,101,200.00
=$698,800.00
A profit of $698,800.00
As unemployment rose during 1930 through 1932 and the economy plunged into the Great Depression, policy makers
A. reduced tax rates and increased the money supply.
B. increased tax rates and reduced the money supply.
C. increased both tax rates and the money supply.
D. reduced both the tax rates and the money supply.
Answers
Data collected from selected major metropolitan areas in the eastern United States show that 5% of individuals living within the city limits move to the suburbs during a one-year period, while 2% of individuals living in the suburbs move to the city during a one-year period.
Prepare the matrix of transition probabilities.
Answers
Which type of tutoring does the school normally offer
In seat tutoring
Online tutoring
Supplemental Instruction
All of the above
Answers
Hope this helps and you get you marks ☺️
The type of tutoring does the school normally offer are :
•Online tutoring
•Supplemental Instruction
Tutoring is the way of teaching and impacting more knowledge into students which will inturn enable them to improve more in their studies.
•Online tutoring is the way of teaching or assisting students online in order to help them improve in their studies or subject which they are finding difficult to understand.
•Supplemental Instruction is a way of teaching and interacting with students who are facing difficulty in some subjects or courses such as traditionally subjects.
Inconclusion The type of tutoring does the school normally offer are :
•Online tutoring
•Supplemental Instruction
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Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?
Answers
Identify effective decision making techniques?
Answers
Answer:
Step 1: Identify the decision. You realize that you need to make a decision. ...
Step 2: Gather relevant information. ...
Step 3: Identify the alternatives. ...
7 STEPS TO EFFECTIVE.
Step 4: Weigh the evidence. ...
Step 5: Choose among alternatives. ...
Step 6: Take action. ...
Step 7: Review your decision & its consequences.
A company has a beta of 2.91. If the market return is expected to be 16% and the risk-free rate is 8%, what is
the company's risk premium?
Answers
The additional return investors receive over the risk-free rate in exchange for investing in risky assets is known as the risk premium. The company's risk premium will be 24.90%.
What Are the Components of a Risk Premium?The extra return over the risk-free rate that investors need in order to make up for the increased apprehension associated with hazardous assets is known as the risk premium. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
All five of these risk variables have the potential to lower returns, thus investors must be fairly paid for taking them on. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.
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