The Most Recent Financial Statements for Last in Line,Inc

question 72

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

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Definitions:

Linear DNA

DNA molecules that are structured in a straight or nearly straight line, as opposed to being circular.

Nucleosomes

Structures consisting of a segment of DNA wound around a core of histone proteins, playing a crucial role in the packaging of eukaryotic DNA.

DNA Strands

The two long chains of nucleotides that twist around each other to form a double helix structure, which is the physical basis of DNA.

RNA Synthesis

The process of transcribing RNA molecules from DNA templates by RNA polymerase, a crucial step in gene expression.