bus 401 week 5 dq 1 Financial Forecasting

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Financial Forecasting

Week 5, Discussion 1

Study Problem 14-4 and 15-8

Study Problem 14-4 (Financial forecasting---percent of sales)

Tully Appliance Inc.

Current Forecasted Without DFN

Income Statement

Sales 15,000,000 20,000,000 (25%) 16,000,000 (%)

Net Income (5%) 1,000,000 800,000

Balance Sheet

Current Assets 5,000,000 6,600,000 5,280,000

Net Fixed Assets 5,000,000 5,100,000 5,100,000

Total 10,000,000 11,700,000 10,380,000

Accounts Payable 1,500,000...

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