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Question
Urban's, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $6,200, net fixed assets of $51,500, and a profit margin of 5 percent. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 3 percent next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year?
A) −$908.50
B) −$722.50
C) $967.30
D) $1,698.00
E) $1,512.00
Answer
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Related questions
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C) limited partnerships.
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Q:
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Q:
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B) has an unlimited partnership life.
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D) limits each partner's personal liability to 25 percent of the partnership's total debt.
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Which one of the following statements concerning a sole proprietorship is correct?
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Q:
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B) offer date.
C) declaration date.
D) holder-of-record date.
E) ex-rights date.