​A Firm with Sales of $5,000 Has the Following Balance $\text { Assets, Liabilities and Equity as of } \mathrm{XX} / \mathrm{XX} / \mathrm{XX}$

question 2

Essay

​A firm with sales of $5,000 has the following balance sheet:
​ $\text { Assets, Liabilities and Equity as of } \mathrm{XX} / \mathrm{XX} / \mathrm{XX}$
$\begin{array}{lcll}\text { Assets }&&\text { Liabilities and Equity }\\\hline\text { Accounts receivable } & \$ 1,300 & \text { Accounts payable } & \$ 1,200 \\\text { Inventory } & 1,600 & \text { Long-term debt } & 2,500 \\\text { Plant } & 1,700 & \text { Equity } & 900 \\& \$ 4.600 & & \$ 4.600\end{array}$
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The firm earns 20 percent on sales and expects those sales to rise to $5,500. The increased sales may require additional financing. Accounts receivable and inventory will increase, and trade accounts will also spontaneously increase with the increase in sales. Management expects to distribute 75% of earnings.​
a. Determine the new balance sheet entries for those assets and liabilities that spontaneously change with the level of sales using the percent of sales technique.
b. Will the firm need external financing to achieve sales of $5,500?
c. Construct the pro forma balance sheet for sales of $5,500. Any new financing should be obtained by issuing new long‑term debt. Any excess funds should be held in cash.

Recognize the continuous nature of crisis plan evaluation and revision for improvement.

Understand the challenges counselors face in providing crisis counseling.

Recognize the varying nature and truths about grief.

Distinguish between normal and complicated bereavement.

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Definitions:

Irises

The colored part of the eye that surrounds the pupil and controls the amount of light entering the eye by adjusting the size of the pupil.

Pupils

The circular openings in the center of the iris of the eye, through which light enters, and their size adjusts in response to light intensity.

Corneas

The corneas are the clear, dome-shaped outer surfaces of the eye that help focus incoming light, contributing to the eye's overall ability to see.

Scleras

The white outer layer of the eyeball, serving as a protective outer coating.