Max Coco's December 31, 2020 financial information is presented below: ASSETS PHP LIABILITIES PHP Cash and cash equivalent Accounts Payable P 4,600,000 Accounts Receivable Loans Payable - due in 3 P4,000,000 2,000,000 Inventory Property Plant and months 300,000 700,000 Loans Payable - due in 13 1,000,000 8,000,000 Equipment months Max Coco sells its product at a 30% markup. In 2021, total sales amounted to P1,300,000. At the end of 2021, half of the beginning inventory and ¾ of the inventory sold during the year remain unsold. What is the gross profit margin in 2021 if Max Coco's profit is P200,000? A) 15% 30% 16% 31%

Max Coco's December 31, 2020 financial information is presented below: ASSETS PHP LIABILITIES PHP Cash and cash equivalent Accounts Payable P 4,600,000 Accounts Receivable Loans Payable - due in 3 P4,000,000 2,000,000 Inventory Property Plant and months 300,000 700,000 Loans Payable - due in 13 1,000,000 8,000,000 Equipment months Max Coco sells its product at a 30% markup. In 2021, total sales amounted to P1,300,000. At the end of 2021, half of the beginning inventory and ¾ of the inventory sold during the year remain unsold. What is the gross profit margin in 2021 if Max Coco's profit is P200,000? A) 15% 30% 16% 31%

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter16: Financial Planning And Forecasting

Section: Chapter Questions

Problem 8P: LONG-TERM FINANCING NEEDED At year-end 2019, total assets for Arrington Inc. were 1.8 million and...

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LONG-TERM FINANCING NEEDED At year-end 2019, total assets for Arrington Inc. were 1.8 million and accounts payable were 450,000. Sales, which in 2019 were 3.0 million, are expected to increase by 25% in 2020. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to 500,000 in 2019, and retained earnings were 475,000. Arrington plans to sell new common stock in the amount of 130,000. The firms profit margin on sates is 5%; 35% of earnings will be retained. a. What were Arringtons total liabilities in 2019? b. How much new long-term debt financing will be needed in 2020? (Hint: AFN - New stock = New long-term debt.)
AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end 2019 assets had been 4 million? Assume that all other numbers are the same. Why is this AFN different from the one you found in Problem 16-1? Is the companys capital intensity the same or different? Explain.
Selected information from Brook Corporations accounting records and financial statements for 2019 follows: On the statement of cash flows for the year ended December 31, 2019, Brook should disclose a net increase in cash in the amount of: a. 1,700,000 b. 2,400,000 c. 3,700,000 d. 4,200,000
UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…
From the following forecast the Balance sheet for the year 2021Balance sheet as of 31/12/2020Liabilities& Equity AmountAssetsAmountEquity33,000 Plant and machinery 10,000Retained earnings 10,000 Land Property20.000Accounts payable 7,000 Accounts receivables 3.000Inventories10.000Cash in hand2000Cash at Bank5.00050,00050,0001. It is expected that the company will make a net income of10% of forecasted sales2. The company will purchase additional 5000 OMR worthmachines by taking an additional loan of 5000 OMR3. Forecasted sales OMR 100,0004. Dividend payout will be 50%5. The following estimates are also given;Accounts payable 10,000Accounts receivable 6,000Inventories 15,000Cash in hand 6.000Cash at bank 1,000
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,200 $1,845Accounts receivable, net 3,450 3,180Inventories 2,639 3,042Other current assets 1,872 1,549Total current assets $11,161 $9,616Current liabilities $4,853 $5,893 (a)Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million (b)The parts of this question must be completed in order. This part will be available when you complete the part above.
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text
Presented below are the year-end balance of the assets and liabilitiespertaining to Starlight Merchandising 2020 2019Cash P150,000 P120,000Equity investment at FVPL 260,000 230,000AR, net 360,000 400,000Inventories 705,000 635,000Prepaid Expenses 130,000 128,000Accounts payable 182,000 136,000Other current liabilities 141,000 125,000Bonds Payable 200,000 200,000Additional investment made by the owner during 2020 was P150,000 but a P200,000 personal liability was paid out of company's funds. What is the company's profit or loss for the year ended December 31, 2020? 30,000 800,000 Answer not given 140,000 700,000
In an economy, it has the following monetary asset information as of December 2019. Cash in the hands of the public = P300BDemand deposits = P400BOther Checkable Deposits = P150BTraveler’s checks = P50BSavings Type accounts = P2000BMoney Market Mutual Funds = P1000BSmall-Time Deposits = P500BLarge Time Deposits = P450B Determine the value of M1 and M2.
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash             40,000 ? Accounts Receivable             10,000             14,000 Prepaid Rent               5,000               6,000 Inventory             35,000             30,000 Accounts Payable               3,000               2,000 Unearned Revenue               5,000               7,000 Income Taxes Payable             14,000             12,000 Other Relevant Information for 2021 Beginning Cash Balance             40,000 Net Income             65,000 Depreciation Expense             40,000 Cash Paid for Dividends             10,000 Cash Received for Loan             40,000 Cash Repaying Loan             10,000 Cash Payment to Purchase Land             12,000 Cash Received for Sale of Equipment             15,000 Gain on Sale of Equipment               5,000 Cash Received for Issuance of Stock…
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash             40,000 ? Accounts Receivable             10,000             14,000 Prepaid Rent               5,000               6,000 Inventory             35,000             30,000 Accounts Payable               3,000               2,000 Unearned Revenue               5,000               7,000 Income Taxes Payable             14,000             12,000 Other Relevant Information for 2021 Beginning Cash Balance             40,000 Net Income             65,000 Depreciation Expense             40,000 Cash Paid for Dividends             10,000 Cash Received for Loan             40,000 Cash Repaying Loan             10,000 Cash Payment to Purchase Land             12,000 Cash Received for Sale of Equipment             15,000 Gain on Sale of Equipment               5,000 Cash Received for Issuance of Stock…
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash             40,000 ? Accounts Receivable             10,000             14,000 Prepaid Rent               5,000               6,000 Inventory             35,000             30,000 Accounts Payable               3,000               2,000 Unearned Revenue               5,000               7,000 Income Taxes Payable             14,000             12,000 Other Relevant Information for 2021 Beginning Cash Balance             40,000 Net Income             65,000 Depreciation Expense             40,000 Cash Paid for Dividends             10,000 Cash Received for Loan             40,000 Cash Repaying Loan             10,000 Cash Payment to Purchase Land             12,000 Cash Received for Sale of Equipment             15,000 Gain on Sale of Equipment               5,000 Cash Received for Issuance of Stock…