Use the Following Information and the Percent-Of-Sales Method to Answer

question 8

Multiple Choice

Use the following information and the percent-of-sales method to answer the following question(s) .
Below is the 2014 year-end balance sheet for Banner,Inc.Sales for 2014 were $1,600,000 and are expected to be $2,000,000 during 2015.In addition,we know that Banner plans to pay $90,000 in 2015 dividends and expects projected net income of 4% of sales.(For consistency with the Answer selections provided,round your forecast percentages to two decimals. )
Banner,Inc.Balance Sheet
December 31,2014
Assets
Current assets $890,000
Net fixed assets 1,000,000
Total $1,890,000
Liabilities and Owners' Equity
Accounts payable $160,000
Accrued expenses 100,000
Notes payable 700,000
Long-term debt 300,000
Total liabilities 1,260,000
Common stock (plus paid-in capital) 360,000
Retained earnings 270,000
Common equity 630,000
Total 1,890,000
-Banner's projected accrued expenses for 2015 are

• A)$120,000.
• B)$160,000.
• C)$100,000.
• D)$200,000.

Understand the role and impact of group and family therapies in treating psychological disorders.

Explain the significance of resistance, transference, and dream analysis in psychotherapy.

Understand the educational and professional backgrounds of different types of therapists.

Acknowledge the multifaceted impacts of psychotherapy on self-concept, behavior, and thinking.

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Definitions:

Wet Tropical

Climate or region characterized by high temperatures and high rainfall throughout the year, commonly found in areas near the equator.

Coniferous Evergreen

Trees that have needles or scales for leaves, remain green throughout the year, and produce cones.

Relative Humidity

The amount of moisture in the air compared to what the air can hold at that temperature, expressed as a percentage.

Vegetation

The plants and trees collectively found in a particular area, contributing to the habitat and ecosystem.