# Corporate Finance

Question 1 :

AFN Equation

Broussard Skateboard's sales are expected to acception by 15% from \$7.8 darling in 2019 to \$8.97 darling in 2020. Its proceeds totaled \$2 darling at the end of 2019.

Broussard is already at generous compatability, so its proceeds must extend at the corresponding trounce as contemplated sales. At the end of 2019, running liabilities were \$1.4 darling, consisting of \$450,000 of accounts payable, \$500,000 of notes payable, and \$450,000 of accruals. The after-tax emolument edge is meeted to be 4%, and the meeted payout kindred is 75%. Use the AFN equation to meet Broussard's appended funds wanted for the future year. Enter your counter-argument in dollars. For copy, an counter-argument of \$1.2 darling should be entered as \$1,200,000. Do not entire interposed calculations. Entire your counter-argument to the right dollar.

Question 2 :

Upton Computers makes volume purchases of insignificant computers, supplys them in conveniently located warehouses, ships them to its fastening of retail stores, and has a staff to admonish customers and aid them set up their new computers. Upton's et equivocation as of December 31, 2019, is shown short (millions of dollars):

Sales for 2019 were \$475 darling and net proceeds for the year was \$14.25 darling, so the secure's emolument edge was 3.0%. Upton remunerated dividends of \$5.7 darling to low supplyholders, so its payout kindred was 40%. Its tax trounce was 25%, and it operated at generous compatability. Assume that all proceeds/sales kindreds, (unbidden liabilities)/sales kindreds, the emolument edge, and the payout kindred continue urban in 2020. Do not entire interposed calculations.

a. If sales are contemplated to acception by \$85.5 darling, or 18%, during 2020, use the AFN equation to mention Upton's contemplated manifest chief requirements. Enter your counter-arguments in darlings. For copy, an counter-argument of \$10,550,000 should be entered as 10.55. Entire your counter-argument to two decimal places.

\$    million

b. Using the AFN equation, mention Upton's self-supporting extendth trounce. That is, what is the completion extendth trounce the secure can finish outside having to habituate nonunbidden manifest funds? Entire your counter-argument to two decimal places.

%

c. Use the meeted financial proposition way to meet Upton's et equivocation for December 31, 2020. Assume that all appended manifest chief is high as a way of merit at the end of the year and is reflected (accordingly the obligation is pretended at the end of the year, tshort acquire be no appended concern outlay due to the new obligation). Assume Upton's emolument edge and dividend payout kindred acquire be the corresponding in 2020 as they were in 2019. What is the totality of the way of merit reported on the 2020 meeted et equivocations? (Hint: You don't want to meet the proceeds propositions accordingly the way of merit is fascinated out on the latest day of the year and you are absorbed the contemplated sales, emolument edge, and dividend payout kindred; these figures toletrounce you to weigh the 2020 abstracted to retained rights for the et equivocation outside really constructing a generous proceeds proposition.) Enter your counter-arguments in darlings. For copy, an counter-argument of \$10,550,000 should be entered as 10.55. Entire your counter-arguments to two decimal places.

Question 3:

Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

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.

### 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.

### 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.

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.

### 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.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors: