​A Firm with Sales of $1000 Has the Following Balance $X Y Z$

question 31

Essay

​A firm with sales of $1000 has the following balance sheet. Corporation $X Y Z$
Balance Sheet as of June $30,20 X \mathrm { X }$
Assets Liabilities and Equity
Accounts receivable $\$ 200$ Accounts payable $\$ 200$
Inventory
400 Long-term debt 300
Plant
$\frac { 400 } { \$ 1,000 }$ Equity $\frac { 500 } { \$ 1,000 }$ ​
If the firm earns 10 percent after taxes on sales and pays no dividends,
​
a. Determine the entries for a new balance sheet for sales of $1,500 using the percent of sales.
a. If necessary, issue new stock to cover any external financing needs. If the firm has excess funds, retire the accounts payable.
b. the firm need external financing?
c. Construct a new balance sheet using the estimates obtained in

Recognize the role of scientific thinking in organizational behavior research.

Comprehend the interdisciplinary nature and goals of organizational behavior.

Understand research methods used in organizational behavior studies.

Distinguish between accurate and inaccurate statements regarding organizational behavior.

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Definitions:

Budgeting Purposes

The process of creating a plan to spend money over a certain period, aiming to balance income against expenses and allocate resources efficiently.

Planning Budget

A budget prepared for a specific level of activity, used as a tool for decision making and financial planning.

Customers Served

The total number of clients or customers who have been provided with a service or product during a specified period.

Revenue Formulas

Equations or models used to calculate the total amount of income generated from business activities during a specific period.