Using the 2012 Financial Statements for DRE Corporation and This

question 64

Essay

Using the 2012 financial statements for DRE Corporation and this additional information,prepare a pro forma income statement and balance sheet for the year 2013.Determine the discretionary financing needed (DFN)and assume that if the DFN is positive,the company will increase long-term debt,and if DFN is negative,the company will pay back some long-term debt. Sales for next year (2013)are expected to increase by $300,000 to $1,800,000.The firm is running efficiently and at full capacity so that all assets and spontaneous liabilities are expected to increase proportionally with sales.The dividend payout ratio for 2013 will be 40%. DRE Corporation 2012 Financial Statements

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Rogers

Refers to Carl R. Rogers, an influential American psychologist known for his contributions to humanistic psychology and the client-centered approach.

Havelock

Refers to Ronald G. Havelock, a scholar known for his work on the theory and implementation of change, particularly the Change Agent Model.

Lippitt

Refers to Ronald Lippitt, an American psychologist known for his work on organizational change and group dynamics.

Suicidal

Pertaining to or having the inclination towards suicide, often due to psychological distress or mental disorders.