The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
850
Accounts receivable. . . . . . . . . . . . . . . . . . . . . . . . . . 150
Inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,750
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,900
Liabilities and Equity
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,875
Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,025
Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . $3,900
The following assumptions apply to the forecast of the next five months’ operations
for The Pacific Company:
a. Sales revenues will grow at a constant 5 percent each month.
b. Cost of goods sold will be a constant 30 percent of sales revenue.
c. Other expenses will grow at a constant monthly rate of 4 percent. December
other expenses were $80
Dividends will be paid out monthly at a rate of 18 percent of net income.
e. Cash will be collected at a rate of 65 percent of current month sales and the
remaining 35 percent will be collected the following month. December sales
were $300.
f. Payments will be made in the month supplies are delivered. The Pacific
Company requires supplies two months ahead of sales; hence cash
disbursements are estimated to be equal to the following two months’ cost of
goods sold, plus the current month’s other expenses and dividends.
g. Other assets grow at a 5 percent monthly rate.
h. There will be no additional equity additions. Total equity will increase by the
amount of retained earnings increases.
i. Total liabilities will increase by an amount needed to keep total liabilities
plus total equity equal to total assets.
Required:
1. Prepare the following for The Pacific Company’s next four months:
a. A budgeted income statement
b. A budgeted balance sheet
c. A cash flow budget
2. Compute the strategic growth rate for The Pacific Company for the next four
months.
3. Comment on the company’s SGR relative to its growth in sales revenue.
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more