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Aleks [24]
2 years ago
7

JB Markets has sales of $848,600, net income of $94,000, dividends paid of $28,200, total assets of $913,600, and current liabil

ities of $78,900. Assume that all costs, assets, and current liabilities change spontaneously with sales. The tax rate and dividend payout ratios remain constant. If the firm's managers project a firm growth rate of 15 percent for next year, what will be the amount of external financing needed to support this level of growth? Assume the firm is currently operating at full capacity.
Business
2 answers:
9966 [12]2 years ago
7 0

Answer:

The external financing needed to support this level of growth would be $49,535.

Explanation:

The complete formula (EFN) is expressed as:

EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))

d=dividend payout ratio

= $28,200/$94,000= 0.3

EFN = $913,600(.15) − $78,900(.15) − $94,000(1.15)[1 − 0.3)}

EFN = 137040 - 11835 - 108100(0.7)

EFN = 125205 - 75670

EFN= $49,535

nikitadnepr [17]2 years ago
7 0

Answer:

The question is incomplete because it only mentions the items affected by the growth leaving Equity and Non-current liabilities unknown but<u> External Financing Needed is the difference between the increase in the Total assets and that of the retained income of a growing company.</u>

Explanation:

To balance the balance sheet a plug variable is needed because of that difference in assets and Equity plus Liability section. When a company is operating at full capacity the choices of a plug variable are:  

1. Borrow more short term loan

2. Borrow more long term loan

3. Sell more shares

4. Decrease dividend payout  which increases the additions to retained earnings

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guapka [62]

Answer:

Whether the technology provides benefits and responds to customers needs

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Technological innovation can be defined as the introduction of new technical products and services or improving an existing ones.

One major reason for this is to address human needs and better serve individual . Therefore whenever any firm wants to launch any new product , it is important that it must create a balance between what is technically possible and whether the new technology provides benefits and responds to customers needs.

3 0
2 years ago
According to Herzberg, when ________ are adequate, people won't be dissatisfied, but they will also not be satisfied. motivation
Anastasy [175]

Answer:

The correct answer is letter "B": hygiene factors.

Explanation:

According to American psychologist Frederick Herzberg (1923-2000) in his Motivation-Hygiene Theory -<em>also known as Two Factor Theory</em>- some factors lead to individuals' satisfaction and dissatisfaction at work. Achievement, recognition, and growth are examples of factors that lead to satisfaction and policies, supervision, salaries or security influence dissatisfaction.

Though, <em>solving problems related to dissatisfaction will not make employees satisfied. Herzberg concluded that the opposite of satisfaction is no satisfaction and the opposite of dissatisfaction is no dissatisfaction.</em>

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2 years ago
The burger joint at SDSU sells an average of 6000 third-pound hamburgers each week. Hamburger patties are resupplied twice a wee
Alex73 [517]

Answer:

13.3 times per week

Explanation:

Inventory turnover helps to show how efficiently a company manages its inventory by comparing the cost of goods sold and the average inventory for a particular period. In other words, it measures how many times a company sold its total average inventory amount during a particular period. In this case, one week. This is an important assessment to ensure two things:

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2. Too much inventory is not held at one point, which would incur high storage and holding costs, and also wastage in terms of perishable inventory such as hamburger patties.

It is calculated as cost of goods sold / average inventory.

In this case, 6000 third - pound hamburgers are sold each week, with it costing $1.5 per pound.

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Since average inventory is 450 pounds for two weeks, it would be 225 per week.

Hence, inventory turnover =

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2 years ago
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belka [17]

Answer:

Modified rebuy.

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The buyer in a modified rebuy wants to change product specifications, price, delivery requirements, or other terms. The out suppliers see this as an opportunity to propose a better offer to gain some business.

Characteristics:

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-often, changes in styles, materials or even alternative solutions facilitate this review.

-Another reason for modified rebuy is dissatisfaction with present suppliers.

-new supplier was able to find the present supplier´s weaknesses and offered buyers new alternatives to fix their problems.

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Bramble Corp. took a physical inventory on December 31 and determined that goods costing $210,500 were on hand. Not included in
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hshjs

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