Describe how to develop a pro forma income statement (Table 6-7).
Answer to relevant QuestionsWhat role does the pro forma cash budget play in financial forecasting (Table 6-8)? Using Table 6-13, create a pro forma balance sheet using the percentage of sales method. If net income next year is $50,000, answer the following: a. How much did the owners take out of the business? b. What is the profit ...Using the data in Table 6-11, calculate the following: a. What is the slope? b. What is the intercept? c. Write the regression equation. d. Calculate a regression forecast for month 25. Compare standard quantity discounts to cumulative quantity discounts. Harriet has been told about an ABC inventory analysis. She has accumulated the following annual figures for her flower shop: roses, $10,000; ribbon, $100; bud vases, $1,000; pins, $15; glass bowls, $500; ceramic pots, ...
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