Suppose That Psy Ops Industries Currently Has the Balance SheetA) $795,100 B) $141,300 C) $783,600 D) $214,900

The Answer of Suppose That Psy Ops Industries Currently Has the Balance SheetA) $795,100 B) $141,300 C) $783,600 D) $214,900

Suppose That Psy Ops Industries Currently Has the Balance SheetA) $795,100 B) $141,300 C) $783,600 D) $214,900

The Answer of Suppose That Psy Ops Industries Currently Has the Balance SheetA) $795,100 B) $141,300 C) $783,600 D) $214,900

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Suppose That Psy Ops Industries Currently Has the Balance Sheet

question 27

Multiple Choice

Suppose that Psy Ops Industries currently has the balance sheet shown as follows, and that sales for the year just ended were $6 million. The firm also has a profit margin of 9 percent, a retention ratio of 5 percent, and expects sales of $8.5 million next year. If fixed assets have enough capacity to cover the increase in sales and all other assets and current liabilities are expected to increase with sales, how much additional funds will Psy Ops need from external sources to fund the expected growth?
$\begin{array} { l r l r r } \text { Assets } && { \text { Iiabilities ard Equity } } \\\text { Current Assets } & \$ 2,500,000 & \text { Current Liabilities } & \$ 500,000 \\\text { Fixed Assets } & 3,500,000 & \text { Long-tern Debt } & 2,000,000 \\& & \text { Equity } & 3,500,000 \\\text { Total Assets } & \$ 6,000,000 & \text { Total Liabilities and Equity } & \$ 6,000,000\end{array}$

Understand the definition and characteristics of progressive, regressive, and proportional taxes.

Identify and describe the primary sources of federal revenue.

Differentiate between government purchases and transfer payments.

Calculate and interpret marginal and average tax rates.

Definitions:

Legal System

The comprehensive arrangement of laws and institutions through which a society deals with criminal justice, civil disputes, and regulation of conduct.

Psychiatrists

Medical doctors specialized in diagnosing, treating, and preventing mental, emotional, and behavioral disorders through medication, psychotherapy, and various other treatments.

NCRMD Criteria

Legal standards used to determine if an individual’s mental state at the time of a crime qualifies them for a Not Criminally Responsible on account of Mental Disorder defense.

Involuntary Civil Commitment

A legal process through which individuals with severe mental disorders are court-ordered to receive treatment in a psychiatric hospital against their will, usually because they are considered a danger to themselves or others.