Table 4.5 a Financial Manager at General Talc Mines Has Gathered the Gathered

question 91

Multiple Choice

Table 4.5
A financial manager at General Talc Mines has gathered the financial data essential to prepare a pro forma balance sheet for cash and profit planning purposes for the coming year ended December 31, 2015. Using the percent-of-sales method and the following financial data, prepare the pro forma balance sheet in order to answer the following multiple choice questions.
(a) The firm estimates sales of $1,000,000.
(b) The firm maintains a cash balance of $25,000.
(c) Accounts receivable represents 15 percent of sales.
(d) Inventory represents 35 percent of sales.
(e) A new piece of mining equipment costing $150,000 will be purchased in 2010.
Total depreciation for 2010 will be $75,000.
(f) Accounts payable represents 10 percent of sales.
(g) There will be no change in notes payable, accruals, and common stock.
(h) The firm plans to retire a long term note of $100,000.
(i) Dividends of $45,000 will be paid in 2015.
(j) The firm predicts a 4 percent net profit margin.
Balance Sheet
General Talc Mines
December 31, 2014
-The external funds requirement results primarily from ________. (See Table 4.5)

• A) the payment of dividends
• B) the retirement of debt and purchase of new fixed assets
• C) low profit margin
• D) high cost of sales

Recognize the importance of play in developing purposefulness and pride in accomplishments.

Understand the significance of emotional evaluation in self-worth and comparison.

Articulate how a sense of initiative affects children's attitudes towards tasks and their ability to manage emotions.

Examine the development of emotional intelligence and the role of parents in fostering emotional regulation.

---

Definitions:

Neosexism

A modern form of sexism that coexists with a rejection of traditional sexist beliefs and a denial of systemic gender bias.

Hostile Sexism

A form of sexism characterized by contempt, hostility, or disregard towards individuals based on their gender, often manifesting through discrimination or aggression.

Benevolent Sexism

A form of sexism characterized by attitudes that view women as needing protection, support, or affection, while seemingly positive, still reinforces stereotypes and inequality.

Nonsexism

An approach or practice that avoids discrimination based on sex or gender, promoting equality and fairness.