Question

Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below....

Projected Operating Assets

Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.

This year
Sales $ 1,000
Balance Sheet: Assets
Cash $ 200
Short-term investments $ 110
Accounts receivable $ 200
Inventories $ 100
    Total current assets $ 610
Net fixed assets $ 400
    Total assets $ 1,010

Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below....
Projected Operating Assets Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales $ 1,000 Balance Sheet: Assets Cash $ 200 Short-term investments $ 115 Accounts receivable $ 200 Inventories $ 250     Total current assets $ 765 Net fixed assets $ 550     Total assets $ 1,315 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do...
2.Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales               ...
2.Berman & Jaccor Corporation's current sales and partial balance sheet are shown below. This year Sales                $          1,000   Balance Sheet: Assets                                     Cash                $          200      Short-term investments                     $          135      Accounts receivable               $          100      Inventories                  $          200          Total current assets            $          635      Net fixed assets                      $          450          Total assets             $          1,085   Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not...
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year...
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 1,500 Accruals $ 1,600     Total current liabilities $ 4,100 Long-term bonds $ 2,000     Total liabilities $ 6,100 Common stock $ 1,500 Retained earnings $ 2,500     Total common equity $ 4,000   Total liabilities & equity $ 10,100 Sales are expected to grow by 12% next year. Assuming no change in operations from...
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year...
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 2,000 Notes payable $ 2,000 Accruals $ 1,000     Total current liabilities $ 5,000 Long-term bonds $ 2,000     Total liabilities $ 7,000 Common stock $ 2,000 Retained earnings $ 2,500     Total common equity $ 4,500   Total liabilities & equity $ 11,500 Sales are expected to grow by 12% next year. Assuming no change in operations from...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 2,000 Accruals $ 1,000     Total current liabilities $ 4,500 Long-term bonds $ 2,000     Total liabilities $ 6,500 Common stock $ 1,500 Retained earnings $ 2,500     Total common equity $ 4,000   Total liabilities & equity $ 10,500 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to...
1.Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32...
1.Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%,...
1.Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2019 to $8.97...
1.Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2019 to $8.97 million in 2020. Its assets totaled $5 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%,...
1.) Broussard Skateboard's sales are expected to increase by 25% from $7.2 million in 2019 to...
1.) Broussard Skateboard's sales are expected to increase by 25% from $7.2 million in 2019 to $9.00 million in 2020. Its assets totaled $5 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $14,000 $12,100 Inventory 62,400 71,700 Accounts payable 16,600 20,500 Dividends payable 22,000 24,000 Adjust net income of $110,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets...
Changes in Current Operating Assets and Liabilities—Indirect Method Covington Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $16,700 $21,100 Inventory 57,600 50,500 Accounts payable 17,100 21,900 Dividends payable 26,000 28,000 Adjust net income of $129,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $