In the Above Financial Statements,Royal Corporation Has Prepared (Incomplete)pro Forma

question 14

Multiple Choice

In the above financial statements,Royal Corporation has prepared (incomplete) pro forma financial statements for 2014,based on actual financial statements for 2013.Royal Corp.used the percent-of-sales method assuming a sales growth rate of 10% for 2014.If capital expenditures are planned to be $1,615 in 2014,then what would be the appropriate projection for net fixed assets in 2014?

• A) $4,453
• B) $4,563
• C) $4,663
• D) $5,663

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Definitions:

Open Sentence

A mathematical or logical expression containing one or more variables that can be considered true or false depending on the values of those variables.

Quantified Existential

In logic, a quantified existential statement asserts the existence of at least one object or instance that satisfies a certain condition.

Quantity

A property that exists as magnitude or multitude, used in both mathematics and logic to specify the extent or size of a set or group.

Quality

The grade of something determined by assessing it against comparable items; its excellence extent.