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About Lecture 4 - Projected Financial Statements
This document discusses projected financial statements using the percent of sales method. It outlines 4 steps: 1) forecast the income statement by projecting sales, costs, and profits. 2) Forecast the statement of financial position by projecting assets, liabilities, and equity needed to support projected sales. 3) Raise any additional funds needed through borrowing, stock issuance, or a combination. 4) Consider financing costs that decrease retained earnings, such as interest expenses and dividends. It includes an illustration applying the method and calculating additional funds needed.
Detailed Information
| Author: | ['kookie bunny'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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