Calculate United's Total Assets If the Firm Expects Sales to Grow

question 15

Multiple Choice

Calculate United's total assets if the firm expects sales to grow by 15% this year and the earnings after tax will be $50,000.United paid $20,000 in dividends last year and expects to increase dividends 10% this year.The firm will need additional financing of $25,000 to finance the expected growth.

• A)$393,333
• B)$590,000
• C)$226,667
• D)$616,000

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Definitions:

Group Task

A collaborative effort where individuals come together to achieve a specified goal or complete a project.

Less Effort

Refers to situations or tasks that require minimal physical or mental exertion.

Groupthink

A psychological phenomenon where the desire for harmony in a decision-making group results in an irrational or dysfunctional decision outcome.

Highly Cohesive Group

A group characterized by a strong sense of belonging and unity among its members, often leading to higher levels of cooperation and achievement.