The Most Recent Financial Statements for Last in Line, Inc

question 101

Multiple Choice

The most recent financial statements for Last in Line, Inc.are shown here: Assets and costs are proportional to sales.Debt and equity are not.A dividend of $992 was paid, and the company wishes to maintain a constant payout ratio.Next year's sales are projected to be $21,830.What is the amount of the external financing need?

• A)$12,711
• B)$13,333
• C)$13,556
• D)$13,809
• E)$14,357

---

Definitions:

Sensing/Intuition

A concept often used in personality assessments to describe how individuals perceive and process information—sensing refers to perceiving through the five senses, while intuition involves seeing the big picture and patterns.

Internal/External Locus

Refers to the degree to which individuals believe they have control over events affecting them. Internal locus means believing one can control events, while external locus means belief that external forces control outcomes.

Self-Concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one’s abilities and attributes.

Self-Efficacy

refers to an individual’s belief in their own ability to complete tasks and achieve goals.