Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 3,000 Accruals $ 1,600 Total current liabilities $ 5,600 Long-term bonds $ 2,000 Total liabilities $ 7,600 Common stock $ 1,000 Retained earnings $ 2,500 Total common equity $ 3,500 Total liabilities & equity $ 11,100 Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.$

Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 3,000 Accruals $ 1,600 Total...

Smiley Corporation's current sales and partial balance sheet are shown below.

	This year
Sales		$	10,000
Balance Sheet: Liabilities
Accounts payable		$	1,000
Notes payable		$	3,000
Accruals		$	1,600
Total current liabilities		$	5,600
Long-term bonds		$	2,000
Total liabilities		$	7,600
Common stock		$	1,000
Retained earnings		$	2,500
Total common equity		$	3,500
Total liabilities & equity		$	11,100

Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.

Jun 08, 2022

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Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 3,000 Accruals $ 1,600 Total...

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