A purchase requisition is a formal order sent to a supplier for the purchase of materials

The future value of a $2,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is ________

A) $28,974 B) $31,291 C) $14,494 D) $13,420

Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles (ATV's), motorcycles, and snowmobiles. Forecast the financial statements for Polaris for Year 6

Use the percent of sales method based on Year 5 and the assumptions listed below. Please note the ratios to sales provided in the table which are useful for making the forecast. Sales decline by 5.5%. The cost of debt is 11.76%. The tax rate is 31%. The depreciation rate is 12%. CAPEX is $28,360. The following accounts are held constant: Goodwill, Long-term debt, and Common Stock. Cash is the PLUG account. No dividends. Forecast the financial statements for Polaris. What is the change in the cash account from Year 5 to Year 6? Polaris Industries Inc Income Statement and Balance Sheet As of December 31, Year 5 ($000's) Year 5 Ratios Forecast Revenue $1,908,459 $1,803,494 COGS 1,454,374 0.762067 SG&A 213,114 0.111668 Dep. Exp. 28,632 EBIT 212,339 Int. Exp. 4,713 Income Before Tax 207,626 Income Taxes 64,348 Net Income $143,278 ASSETS Cash $19,675 Accounts Receivable 354,313 0.185654 Total current assets 373,988 PP&E 222,336 Goodwill 172,632 172,632 Total Assets $768,956 LIABILITIES AND OWNER'S EQUITY Total Current Liabilities 381,299 0.199794 Long Term Debt 18,000 18,000 Total Liabilities $399,299 Owner's Equity Common Stock 417 417 Retained Earnings 369,240 Total Owner's Equity 369,657 Total Liabilities and Owner's Equity $768,956 A) -$132.146 million B) $135.146 million C) $139.157 million D) $146.187 million E) $154.821 million