In your internship with Lewis, Lee, & Taylor Inc.you have been asked to forecast the firm's additional funds needed (AFN) for next year.The firm is operating at full capacity.Data for use in your forecast are shown below.Based on the AFN equation, what is the AFN for the coming year?

Question

Quizplus · Accepted Answer

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AFN = (A?*/S?)DS - (L?*/S?)DS - Profit margin ×S? ×(1 - Payout)
AFN = $54, 000 - $28, 000 - $42, 000 = -$16, 000

In Your Internship with Lewis, Lee, & Taylor Inc