Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 441 Weeks Ago, 3 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 29 May 2017 My Price 6.00

The most recent financial statements for Martin, Inc., are shown here

 

EFN - The most recent financial statements for Martin, Inc., are shown here:

Income statement

Balance Sheet

Sales

$25,800

Assets

$113,000

Debt

$20,500

Costs

16,500

Equity

92,500

Taxable income

$9,300

Total

$113,000

Total

$113,000

Taxes (34%)

3,162

Net income

$6,138

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,841.40 was paid, and Martin wishes to maintain a constant payout ratio. Next year’s sales are projected to be $30,960. What external financing is needed?

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 08:05 AM My Price 6.00

-----------

Attachments

file 1496047271-Answer.docx preview (169 words )
E-----------FN ------------ T-----------he -----------mos-----------t r-----------ece-----------nt -----------fin-----------anc-----------ial----------- st-----------ate-----------men-----------ts -----------for----------- Ma-----------rti-----------n, -----------Inc-----------., -----------are----------- sh-----------own----------- he-----------re:----------- I-----------nco-----------me -----------sta-----------tem-----------ent----------- Ba-----------lan-----------ce -----------She-----------et ----------- Sa-----------les----------- $2-----------5,8-----------00 -----------Ass-----------ets----------- $1-----------13,-----------000----------- De-----------bt -----------$20-----------,50-----------0 -----------Cos-----------ts -----------16,-----------500----------- Eq-----------uit-----------y 9-----------2,5-----------00 -----------Tax-----------abl-----------e i-----------nco-----------me -----------$9,-----------300----------- To-----------tal----------- $1-----------13,-----------000----------- To-----------tal----------- $1-----------13,-----------000----------- T-----------axe-----------s (-----------34%-----------) 3-----------,16-----------2 N-----------et -----------inc-----------ome----------- $6-----------,13-----------8 A-----------sse-----------ts -----------and----------- co-----------sts----------- ar-----------e p-----------rop-----------ort-----------ion-----------al -----------to -----------sal-----------es.----------- De-----------bt -----------and----------- eq-----------uit-----------y a-----------re -----------not-----------. A----------- di-----------vid-----------end----------- of----------- $1-----------,84-----------1.4-----------0 w-----------as -----------pai-----------d, -----------and----------- Ma-----------rti-----------n w-----------ish-----------es -----------to -----------mai-----------nta-----------in -----------a c-----------ons-----------tan-----------t p-----------ayo-----------ut -----------rat-----------io.----------- Ne-----------xt
Not Rated(0)