Chang & Wu Inc A)-$14,440
B)-$15,200
C)-$16,000
D)-$16,800
E)-$17,640

question 21

Multiple Choice

Chang & Wu Inc.is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed The firm is operating at full capacity.Data for use in your forecast are shown below.Based on the AFN equation, what is the AFN for the coming year?
$$\begin{array}{l}\begin{array} {llll} \text { Last year's sales }=\$ 0 && \$ 200,000 &\text { Last year's accounts }\\\text { payable } & \$ 50,000\\\text { Sales growth rate =g }&&40 \%&\text { Last year's notes}\\\text { payable } & \$ 15,000\\\text {Last year's total assets =A*0}&& \$135,000 &\text {Last year's}\\\text {accruals}&\$20,000\\\text { Last year's profit margin=M} &&20.0 \%& \text { Target payout }\\\text { ratio }* 25.0 \%\\\end{array}\end{array}$$

• A)-$14,440
• B)-$15,200
• C)-$16,000
• D)-$16,800
• E)-$17,640

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Definitions:

Two-way ANOVA

A statistical test used to determine the effect of two nominal predictor variables on a continuous outcome variable, allowing for interactions between the factors to be analyzed.

Interaction Effect

The impact that the combination of variables has on a dependent variable, which is different from the effect of any single variable.

Two-way ANOVA

A statistical procedure for investigating the effect of two categorical predictors on a continuous outcome.

Profile Plots

A graphical tool for exploring the interaction effects in a multivariate analysis, particularly applicable in the visualization of interactions between factors in factorial experiments.