1. Broussard Skateboard's sales are expected to increase by 25% from $7.0 million in 2019 to $8.75 million in 2020. Its

[answerhappygod]

1. Broussard Skateboard's sales are expected to increase by
25% from $7.0 million in 2019 to $8.75 million in 2020. Its assets
totaled $3 million at the end of 2019.
Broussard is already at full capacity, so its assets must grow
at the same rate as projected sales. At the end of 2019, current
liabilities were $1.4 million, consisting of $450,000 of accounts
payable, $500,000 of notes payable, and $450,000 of accruals. The
after-tax profit margin is forecasted to be 7%, and the forecasted
payout ratio is 70%. Use the AFN equation to forecast Broussard's
additional funds needed for the coming year. Enter your answer in
dollars. For example, an answer of $1.2 million should be entered
as $1,200,000. Do not round intermediate calculations. Round your
answer to the nearest dollar.
2. Maggie's Muffins Bakery generated $2 million in sales
during 2019, and its year-end total assets were $1.1 million. Also,
at year-end 2019, current liabilities were $1 million, consisting
of $300,000 of notes payable, $500,000 of accounts payable, and
$200,000 of accruals. Looking ahead to 2020, the company estimates
that its assets must increase at the same rate as sales, its
spontaneous liabilities will increase at the same rate as sales,
its profit margin will be 4%, and its payout ratio will be 55%. How
large a sales increase can the company achieve without having to
raise funds externally—that is, what is its self-supporting growth
rate? Do not round intermediate calculations. Enter your answer for
sales increase in dollars. For example, an answer of $2 million
should be entered as 2,000,000.Round the monetary value to the
nearest dollar and percentage value to one decimal place.
Sales can increase by ___$ , that is by __%