Given the Following Information: Assets = $900; Accounts Payable =

question 184

Multiple Choice

Given the following information: assets = $900; accounts payable = $110; notes payable = $100; long-term debt = $150; equity = $540; sales = $450; costs = $400; tax rate = 34%; dividends = $16. 50. Costs, assets, and accounts payable maintain a constant ratio to sales. How much external financing is needed if sales increase 15% and the dividend payout ratio is constant?

• A) $81
• B) $94
• C) $85
• D) $106
• E) $122

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Definitions:

Objective, Multiple Choice

A type of question or assessment method that provides several potential answers, among which only one is correct, emphasizing impartial judgment.

True/False

A method of statement presentation that asks the responder to classify the statement as either true or false.

Learned Needs Model

A theory that suggests needs can be acquired through life experiences and that these needs drive our behavior towards certain goals.

High Achievers

Individuals who consistently attain high levels of performance and excel in their chosen fields or activities.