Dashboard / My courses / [Conestoga 09/2023] ACCT2460 - Section 22 / Chapter 7: Master Budget / Chapter 7 Post-Class Homework Question 5 Partially comect Marked out of 9.00 P Flag question Take me to the text The following is Alpha Hardware Corporation's income statement for the year ended June 30, 2022: Alpha Hardware Corporation Income Statement For the Year Ended June 30, 2022 . Revenues Cost of Goods Sold Gross Profit Expenses: Administrative Costs $20,000 $20,000 $99,000 $25,000 Selling Costs Salaries Rent Total Expenses Net Income $830,000 $470,000 $360,000 $164,000 $196,000 Salaries are comprised of $60,000 in manager's salaries and $39,000 in office employees' salaries Alpha Hardware is a small business and it does not intend to spend a lot of time and money on budgeting. The manager has determined the 2023 budgeted income statement should simply reflect the following predicted changes from the 2022 income statement: Revenues will increase by 4% Gross profit will increase by 5% . Selling costs will decrease by 6% Managers' salaries will increase by 6% Administrative costs, office employees' salaries, and rent expense will remain the same

Deve me to the tont * Goss profit wit incrase by 3s - Seling coits wir decrease try os tave me to the teit The foliowing a Alpha Hacdware Corporation's income stalement for the year ended June 30, 202z Saures are comprided of $60,000 in manager's salacies and 539,000 in oflice empicyerr' salaries Alpha Hardware is a small business and 7 does not intend to spend a lot of tme and money on budgeting. The munuger has defermined the 2023 budgeted income stateritent shou * Hevenues wa increase by as - Gross profit wull increwie by 515 - Selling costr mis decrease by bN - Managers mivies wir incresese by os - Administrative costs, office eoployees usures, and rent espense wil remuin the sume