Given the following information for 2023, what should be the additional funds needed (AFN) in 2024 if the sales become $2,000,000? Sales Net Income $1,600,000 $400,000 Total Assets Accounts Payable Accrued Liabilities Ending R/E Dividends -$50,000. -25,000. $75,000. $1,200,000 $250,000 $30,000 $100,000 $300,000 $0.00. $510,000. $25,000. $105,000.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 2P: AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end...
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Given the following information for 2023, what should be the additional funds
needed (AFN) in 2024 if the sales become $2,000,000?
Sales
Net Income
$1,600,000
$400,000
Total Assets
Accounts Payable
Accrued Liabilities
Ending R/E
Dividends
-$50,000.
-25,000.
$75,000.
$1,200,000
$250,000
$30,000
$100,000
$300,000
$0.00.
$510,000.
$25,000.
$105,000.
Transcribed Image Text:Given the following information for 2023, what should be the additional funds needed (AFN) in 2024 if the sales become $2,000,000? Sales Net Income $1,600,000 $400,000 Total Assets Accounts Payable Accrued Liabilities Ending R/E Dividends -$50,000. -25,000. $75,000. $1,200,000 $250,000 $30,000 $100,000 $300,000 $0.00. $510,000. $25,000. $105,000.
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