Orion Corporation
Orion Company Steadiness Sheet 12 months Money $400 Accounts Payable $ 150 Accounts Receivable 250 Accrued Wages 1,000 Stock 1,200 Notes Payable 500 Internet mounted Belongings 6,000 Frequent Inventory three,200 Retained Earnings three,000 Totals Belongings $7,850 Complete Liabilities $ Fairness $ 7,850 Orion Company has simply developed a brand new sort of microchip. Orion expects gross sales will quadruple, from $5,000 in year0 to $20,000 in year1 (subsequent yr). That is anticipated to lead to a web earnings of $four,000 in 12 months 1. Orion pays 80% of their web earnings in dividends. Orion has a loads of extra capability and imagine that they won't want any extra mounted property to realize the rise in gross sales for year1. Will Orion want any extra funding for year1? Will Orion Want any extra funding for YEAR1? If that's the case how a lot? If not how a lot extra have they got? Present all work.