Goldilochs Inc

question 1

Multiple Choice

Goldilochs Inc. reported sales of $8 million and net income of $1.5 million. The firm has $10.5 million in total assets. The firm's chief financial officer is projecting a 25% increase in sales. The firm has $1.25 million in accounts payable and $1,500,000 in long-term debt (bonds) . The firm currently pays out 20% of its net income to shareholders. Assuming that all assets and spontaneous liabilities are expected to grow with sales, how much in additional funds will Goldilochs need from external sources to fund the expected growth?

• A) $902,700
• B) $812,500
• C) $821,000
• D) $746,600

Comprehend the concept of cultural evolution over time.

Understand the impact of environmental changes and human activities on ecosystems.

Recognize diverse modes of subsistence such as foraging, horticulture, pastoralism, agriculture, and industrial society.

Acknowledge the effects of altitude on human biological and cultural adaptation.

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Definitions:

Share Repurchases

It refers to the process where a company buys back its own shares from the marketplace, reducing the amount of outstanding shares.