(Financial forecastinglong dashdiscretionary financing needs) J. T. Jarmon, Inc. has been in business for only 1 year, and the CFO expects that the relationship between firm sales and its operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales. Last year, Jarmon had $18,400,000 in sales and net income of $552,000. The firm anticipates that next year's sales will reach $21,160,000, with net income rising to $634,800. Given its present high rate of growth, the firm retains all its earnings to help defray the cost of new investments. The firm's balance sheet for 2018 is found in the popup window:
BALANCE SHEET
12/31/2018 % OF SALES
Current assets 2,760,000 15%
Net fixed assets 7,360,000 40%
Total 10,120,000
LIABILITIES AND OWNER'S EQUITY
Accounts payable 2,208,000 12%
Long-term debt 2,000,000
Total liabilities 4,208,000
Common stock 2,000,000
Paid-in capital 2,712,000
Retained earnings 1,200,000
Common equity 5,912,000
Total 10,120,000
Using the information provided, make an estimate of Jarmon's financing requirements or total assets for 2019 and its discretionary financing needs (DFN).
What are Jarmon's financing requirements or total assets for 2019?
$nothing (Round to the nearest dollar.)
What are Jarmon's discretionary financing needs (DFN) for 2019?
$nothing (Round to the nearest dollar.)
Answers: 1
Business, 22.06.2019 20:00
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
Answers: 2
Business, 23.06.2019 02:00
You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm
Answers: 1
Business, 23.06.2019 08:00
If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.
Answers: 1
(Financial forecastinglong dashdiscretionary financing needs) J. T. Jarmon, Inc. has been in busin...
Mathematics, 19.03.2020 00:07
Mathematics, 19.03.2020 00:07
Mathematics, 19.03.2020 00:08
Mathematics, 19.03.2020 00:08
History, 19.03.2020 00:08
History, 19.03.2020 00:08