AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2018 to $6 million in 2019, or by 20%. Its assets totaled $3 million at the end of 2018. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2018, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 3%, and the forecasted retention ratio is 30%. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year.
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Macroeconomics (MindTap Course List)
Accounting Information Systems
Foundations of Business (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Corporate Financial Accounting
Cornerstones of Financial Accounting
Essentials of Business Communication (MindTap Course List)
Principles of Economics (MindTap Course List)
Financial & Managerial Accounting
Financial And Managerial Accounting
Management, Loose-Leaf Version
Essentials of Economics (MindTap Course List)
College Accounting, Chapters 1-27
Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Contemporary Marketing
Intermediate Accounting: Reporting And Analysis
College Accounting (Book Only): A Career Approach
MKTG 12:STUDENT ED.-TEXT
Accounting Information Systems
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Financial & Managerial Accounting
Exploring Economics
Statistics for Business & Economics, Revised (MindTap Course List)
Financial Accounting
Accounting (Text Only)
Pkg Acc Infor Systems MS VISIO CD
Fundamentals of Financial Management (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting (Book Only): A Career Approach
Principles of Macroeconomics (MindTap Course List)
Microeconomics
Economics For Today
Corporate Financial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Economics (MindTap Course List)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Survey of Accounting (Accounting I)
Purchasing and Supply Chain Management
Practical Management Science
Economics: Private and Public Choice (MindTap Course List)
Managerial Accounting
Understanding Management (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
MACROECONOMICS FOR TODAY
Micro Economics For Today
Principles of Microeconomics
Macroeconomics: Private and Public Choice (MindTap Course List)