Short-term financial plans Eac

Short-term financial plans Each of the following events affects one or more tables in Sections 29-2 and 29-3. Show the effects of each event by adjusting the tables listed in parentheses:

a. Dynamic repays only $10 million of short-term debt in 2018 (Tables 29.2 and 29.3).

b. Dynamic issues an additional $40 million of long-term debt in 2018 and invests $25 million in a new warehouse (Tables 29.1, 29.2, and 29.3).

c. In 2018, Dynamic reduces the quantity of stuffing in each mattress. Customers don’t notice, but operating costs fall by 10% (Tables 29.1, 29.2, and 29.3).

d. Starting in the third quarter of 2019, Dynamic employs new staff members who prove very effective in persuading customers to pay more promptly. As a result, 90% of sales are paid for immediately and 10% are paid in the following quarter (Tables 29.5 and 29.6).

e. Starting in the first quarter of 2019, Dynamic cuts wages by $20 million a quarter (Table 29.6).

f. In the second quarter of 2019, a disused warehouse catches fire mysteriously. Dynamic receives a $50 million check from the insurance company (Table 29.6).

g. Dynamic’s treasurer decides he can scrape by on a $10 million operating cash balance (Table 29.6).

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