Other options include: $8291 or $17380I keep getting the answer $7428, what am I doing incorrectly? Consider the following simplified financlal statements for the Wims Corporation(assuming no Income taxes):Income StatementBalance SheetSalesS 22.000Assets$ 10,000 Debt$ 4,80014,000$ 8,000 TotalCosts5,200Equity$ 10.000 TotalNet Income$ 10.000The company has predicted a sales Increase of 11 percent. It has predicted that everyItem on the balance sheet will Increase by 11 percent as well.Create the pro forma statements and reconcile them. What Is the plug varlable here?Multiple Cholce$8,308$8.285$8.279

Income Statement Particulars Amount Sales (15% increase) (22,000 x 111%) 24,420 Less: Costs…

Consider the following simplified financial statements for the Wims Corporation (assuming no Income taxes): Income Statement Balance Sheet S 22,000 Assets $ 10,000 Debt Equity $ 10,000 Total Sales $ 4,800 Costs 14,000 5,200 Net Income $8,000 Total $ 10,000 The company has predicted a sales Increase of 11 percent. It has predicted that every Item on the balance sheet will Increase by 11 percent as well. Create the pro forma statements and reconcile them. What is the plug varlable here? Multiple Cholce $8.308

Consider the following simplified financial statements for the Wims Corporation (assuming no Income taxes): Income Statement Balance Sheet S 22,000 Assets $ 10,000 Debt Equity $ 10,000 Total Sales $ 4,800 Costs 14,000 5,200 Net Income $8,000 Total $ 10,000 The company has predicted a sales Increase of 11 percent. It has predicted that every Item on the balance sheet will Increase by 11 percent as well. Create the pro forma statements and reconcile them. What is the plug varlable here? Multiple Cholce $8.308

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter13: Capital Structure Concepts

Section: Chapter Questions

Problem 7P

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