Prepare a Pro Forma Income Statement Net Sales = 2,938 COGS = 1,598 SG&A = 475 Depreciation
Question:
Net SalesCost Of Goods SoldGross ProfitSelling & Admin ExpDepreciationInterest ExpIncome Before TaxesIncome TaxesNet Profit
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
Net Sales 2938 Cost of goods Sold 1598 Gross ...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Question Posted:
Students also viewed these Economics questions
-
Prepare a pro forma income statement and balance sheet for Webb Enterprises Where revenues are expected to grow by 20% in 2016. Make the following assumptions in making your forecast of the firms...
-
Perez Publications established the following standard price and costs for a hardcover picture book that the company produces. Standard price and variable costs Sales price $ 36.30 Materials cost 8.20...
-
Pro forma income statement At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales ................... $3,000 Operating cost excluding...
-
Measuring the height of a California redwood tree is very difficult because these trees grow to heights over 300 feet. People familiar with these trees understand that the height of a California...
-
(a) Why is defense in depth important? (b) Distinguish between defense in depth and weakest-link problems. (c) Why are central security management consoles dangerous? (d) Why are they desirable? (e)...
-
Mr. M. Marner is saving up for her retirement by depositing $638 into a savings account at the end of every month for 12 years. If rates are expected to be 7.5% compounded semi-annually for the...
-
Why do we need different levels of testing? Cant we just test the finished software?
-
Tiffany Lamp Company produces stained glass lamps appropriate for home and office use. The company expects sales to total approximately $50 million for the current year. Tiffanys management team has...
-
A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in 4 years, and the annual market interest is 3%. What is the Macaulay duration?
-
FT Inc. estimated its allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2017, the company's credit sales amounted to $259,000 and cash collected amounted...
-
Champs, Inc incurred the following costs during March: Selling Expenses ............ $31,675 Direct Labor ............. $56,628 Interest Expense ............. 8,213 Manufacturing overhead, actual...
-
The State Spartan Corporation is considering two mutually exclusive projects. The cash flows associated with those projects are as follows: The required rate of return on these projects is 10...
-
The CandyBar structure contains three members, as described in Programming Exercise 5.Write a program that creates an array of three CandyBar structures, initializes them to values of your choice,...
-
West End theater, London, is considered to represent one of the highest levels of commercial theater in the Englishspeaking world. The theater land contains approximately 50 venues, attracting more...
-
What are the various types of acquisitions?
-
Wonder World is a competitive firm operating under the following conditions: Price of output is 12, the profit maximizing level of output is 60,000 units, and the total cost (full economic cost) of...
-
What are the ways in which synergies can be created in acquisitions?
-
Each year, lists of the fastest-growing and fastest-dying industries in the world are published by various sources. Do some research to find three industries from each of these two lists for the...
-
Why was dinitrophenol once used as a diet drug?
-
A random sample of 10 houses heated with natural gas in a particular area, is selected, and the amount of gas (in therms) used during the month of January is determined for each house. The resulting...
-
Imagine that youve been hired by Foursquare, the local-based social network, to conduct focus groups on your campus to get a better sense of how Foursquare can be as relevant and useful to college...
-
The Pinkerton Publishing Company is considering two mutually exclusive expansion plans. Plan A calls for the expenditure of $50 million on a large-scale, integrated plant that will provide an...
-
Shao Airlines is considering two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10...
-
The Perez Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $10 million but realizes...
-
Non-liquidating distributions can be dividends, return of capital, or capital gain income to a shareholder. What type of distribution would be capital gain?
-
TranscribedText: Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete the table under the current cost system. (Round your intermediate calculations and final answers to 2 decimal places. Negative...
-
Anton's Fresh Fish and Produce is a wholesale distributor that operates in central Florida. An analysis of two of the company's customers, Seaside Spa and Sigma Assisted Living, reveals the data that...
Study smarter with the SolutionInn App