Consider the following simplified financial statements for the Yo

Home / Questions / Consider the following simplified financial statements for the Yoo Corporation (assuming n

Consider the following simplified financial statements for the Yoo Corporation (assuming n

Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes):

Income Statement			Balance Sheet
Sales	$	40,000	Assets	$	26,000	Debt	$	7,000
Costs		34,160				Equity		19,000

Net income	$	5,840	Total	$	26,000	Total	$	26,000

The company has predicted a sales increase of 20 percent. Assume Yoo pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.

Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.)

Pro forma income statement		Pro forma balance sheet
Sales	$	Assets	$	Debt	$
Costs				Equity

Net income	$	Total	$	Total	$

What is the external financing needed? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

External financing needed

Abhinav 03-Dec-2019

Answer (UnSolved)

question Get solution

The class of Qantas frequent flyer membership The class of Qantas frequent flyer membership is based on flying more for higher-level class. The types of memberships are based on distance flown, with bonuses that vary...
In the initial lectures on the economic way of thinking In the initial lectures on the economic way of thinking we considered the description of cost-benefit analysis in macroeconomics offered by Henry Hazlitt. Some years bac...
Customers can pay their purchased tickets by cash Customers can pay their purchased tickets by cash, cheque, bank card, visa card, master cards and frequent flyer point. The payment by American express card will be charg...
Each flight maintains an inventory table for consumable products Each flight maintains an inventory table for consumable products. The inventory will be refilled at end of each trip. The management wants to analyze the high costs of pr...
Qantas management is to ensure the successful completion Qantas management is to ensure the successful completion of around 300,000 flights every year to 57 airports around Australia and to 86 destinations in 36 countries that ...
To promote the better services to VIP members and award customers To promote the better services to VIP members and award customers’ loyalty, Qantas provide the airline lounge with airport locations around Australia and the world. Those...
Qantas Airways is the flag carrier airline of Australia Qantas Airways is the flag carrier airline of Australia. Qantas' headquarter is located at the Qantas Centre in the Mascot suburb of Sydney, New South Wales. The Qantas G...
Students will select and critique a media article Students will select and critique a media article on a crime topic using the Toulmin framework. See the “Assessment 4 Article Options” document for the articles that you...
Each service and the in charge engineer Each service and the in charge engineer, the parts used, the problem fixed and service log for an aircraft will be recorded in the database. The management must make sure...
All Qantas Line Maintenance Stations can communicate with inbound aircraft provides All Qantas Line Maintenance Stations can communicate with inbound aircraft provides 24 hours per day for advice on incoming defects, facilitating the preparation of appro...

Service

Consider the following simplified financial statements for the Yoo Corporation (assuming n

Consider the following simplified financial statements for the Yoo Corporation (assuming n

Answer (UnSolved)

Ask Homework Question

Writing Help

Have a language expert improve your writing

Instant response from experts on your writing help queries

Find your question's answer instantly in our Q&A bank