Consider the Following Information for Smart Products: Total Assets=$1000; Sales=$1540;

question 39

Multiple Choice

Consider the following information for Smart Products: total assets=$1000; sales=$1540; net profit margin=12%; dividend payout ratio=40%; accounts payable=$308.If sales are forecast to increase 30%,what is the "short cut" estimate of external funds required (EFR) ?

• A) $64
• B) $208
• C) $300
• D) $462

Recognize and account for gains and losses on the exchange of plant assets with commercial substance.

Determine the cost components and proper accounting treatment for land purchases and related expenditures.

Explain and calculate depletion of natural resources.

Apply various methods of depreciation and amortization for tangible and intangible assets.

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