Main Menu
You Save
 
1. FREE plagiarism report - $15
2. FREE Outline - $5
3. FREE Amendments - $30
4. FREE Title Page - $5
5. FREE Bibliography - $15
6. FREE E-mail Delivery - $10
7. FREE Formatting - $10
Price Calculator
Type of document:
Dlivery date:
Writer level:
Cost per page:
Number of pages:
Total without discount:
Sample essays
Art
Business
Case Studies
Communication and Media
Computer Technologies
Economics
Education
History
Law
Medicine
Philosophy
Politics
Sociology
World Literature
Custom Writing Blog
  TAGS:
writing service
essay
term paper
research paper
All blogs
Pages: 1  2  3  4  5  6  7  8 
 
« Back
« Did warfare and expenditures on military forces stimulate or retard British economic development from ca. 1750 to 1815?FORECAST ANALYSIS PROJECT - East Metro Drive In »

Calculate Space-Age’s EFN for 1993

Question 1 Calculate Space-Age’s EFN for 1993 Answer We will use the following formula to calculate EFN. EFN = A/S * DS – L/S * DS – MS1 * (1-d), where A/S = Assets/Sales L/S = Spontaneous Liabilities/Sales S1 = Next Year’s sales, and S0 = last year’s sales DS = Change in sales M = profit margin d = Dividend payout ratio = Dividends/Net Income Hence, EFN = 29.55/59.15 * (70.98 – 59.15) – 10.35/59.15 * (70.98 – 59.15) – 0.051 * 70.98 * (1- 1/3); EFN = 1.43 Million Question 2 Forecast the firm’s financial statements and EFN for 1993 Answer We will use the above method of proportional growth (percentage of sales) method to derive the answer for this problem. EFN = A/S * DS – L/S * DS – MS1 * (1-d) The marketing department forecasts a 20% increase in sales. Hence, we can assume that accounts payable and accruals will increase in accordance with industry practices. In other words, we may calculate the forecasted sales, and given the total assets, we may calculate current assets and then accounts receivable. In general, all of the calculations are represented in the Excel table sheet below. To see the formula used, please click on the needed cell. The results obtained for EFN are different in case 1 and 2 because calculations in the first case were based on the historical data and the calculations in the second case were based on the forecasted data.




 
Authorization
Bookmark and Share
Get assistance
Our Advantages
Testimonials

I am so impressed with research paper that I received and your service. You are simply the best! In future I will order my papers from you. Best Regards.

Jay, Australia

Say thanks to the writer who helped me with my research paper. A very professional work!!!!!! Much appreciated. Thanks.

Paul, USA

Great research paper, thanks so much for your assistance! I think I will use your services in future. )))))))))))))))))))))))))))!

Jerry, USA

I tried other writing services but from now on I am going to use only your service.  My college essay was written in accordance to the standards that were stated on your site.  This is great to deal with the service which does what they promise.

Michelle, USA

 

Read more testimonials
We Accept
Customer Service Rating by LivePerson
Our specialists are standing by
to help you. Click to chat.