Call us 24/7: + 1(925)399 0085

Get your paper done by an expert

No matter what kind of academic paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcer. Save more time for yourself.

WhatsApp + 1(925)399 0085
$ 10
  • bibliography
  • title page
  • revisions
per page
19 k happy customers
4.7 out of 5 satisfaction rate
27 writers active

Finance Homework2 – Attn: Prof-Hayat


This is for Prof-Hayat to work on. 🙂


A firm with sales of $5,000 has the following balance sheet:  
Assets, Liabilities and Equity as of xx/xx/xx
Assets Liabilities and Equity
Accounts receivable $1,300 Accounts payable $1,200
Inventory 1,600 Long-term debt 2,500
Plant 1,700 Equity 900
Total $4,600 Total $4,600
The firm earns 20 percent on sales and expects those sales to rise to $5,500. The increased sales may 
require additional financing. Accounts receivable and inventory will increase, and trade accounts will 
also spontaneously increase with the increase in sales. Management expects to distribute 75% of earnings.
a. Determine the new balance sheet entries for those assets and liabilities that spontaneously change with thesuch as 22% or .22.
level of sales using the percent of sales technique. (Accounts receivable, inventory, and accounts payable vary with sales; the 
other entries do not). Round off to nearest percentage point,   
b. Will the firm need external financing to achieve sales of $5,500?  
c. Construct the pro forma balance sheet for sales of $5,500. Any new financing should be obtained by issuing new long‑term
debt. Any excess funds should be held in cash.    
Given the following information:    
June $200,000    
July 200,000    
August 200,000    
September 300,000    
October 500,000    
November 200,000    
 – 2. 70% of the sales are for credit and are collected one month after the sale. Other receipts:  $50,000 in October
 – Variable disbursements: 60% of sales each month  
 – Other disbursements: $10,000 a month    
 – $80,000 for taxes in August      
 – $400,000 for debt repayment in November    
 – Beginning cash: $50,000      
 – Desired cash: $10,000      
Prepare a monthly cash budget for this firm.    

Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including: