Essay
Payables are entirely due to inventory purchases at Cosmo Inc. COGS is 70% materials, and the company pays its bills in 50 days. This year's revenue is $1,000,000 and is forecast to grow by 15% next year. The cost ratio (COGS as a % of revenue)is planned at 40% next year. Forecast next year's ending payables balance.
Correct Answer:
Verified
Next year's revenue = $1,000,0...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q5: A firm has projected next year's sales
Q6: Forecasts tend to be:<br>A)short-term.<br>B)focused on making either
Q7: In any financial plan, forecasting interest depends
Q8: The financial plan is essentially a part
Q9: A firm's financial plan represents a stage
Q11: The Winthrop Company expects to finish the
Q12: Short-term financing is particularly important with respect
Q13: Small business plans differ from large company
Q14: Top down plans are often overly aggressive
Q15: A budget is a longer term bridge