Direction: Make a 4 year projected income statement of Mang Juan's Product. Complete the table below...
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Direction: Make a 4 year projected income statement of Mang Juan's Product. Complete the table below Sales at P85/pack Sales: P42.50 pesos/pack Quantity per month: average of 1500/month Marketing expenses: P 12,975/month expenses: P 14,030/month Sales/bot. Quantity per Month Cost of Sales Marketing Expense/mo. Operating Expense/mo. Percent of Increase Sales at P 85. per pack Year 1 Year 2- Year 3 2020 2021 2022 Year 1 1---- Year 2 10% Operating Year 3 20% Cost of Year 4- 2023 Year 4 30% Less: Cost of sales at P42.50 Gross profit Less: Marketing Expenses Less: Operating Expenses Net Income Before Tax Less: Income Tax NET INCOME *How much money does Mang Juan's Product gain/loss from the first year to fourth year? *** TAKE NOTE WITH THE YEARS GIVEN. FOR YEAR 4 - 2023. USE THE 5TH ANG 6TH COLUMN OF THE ANNUAL TAX TABLE. Direction: Make a 4 year projected income statement of Mang Juan's Product. Complete the table below Sales at P85/pack Sales: P42.50 pesos/pack Quantity per month: average of 1500/month Marketing expenses: P 12,975/month expenses: P 14,030/month Sales/bot. Quantity per Month Cost of Sales Marketing Expense/mo. Operating Expense/mo. Percent of Increase Sales at P 85. per pack Year 1 Year 2- Year 3 2020 2021 2022 Year 1 1---- Year 2 10% Operating Year 3 20% Cost of Year 4- 2023 Year 4 30% Less: Cost of sales at P42.50 Gross profit Less: Marketing Expenses Less: Operating Expenses Net Income Before Tax Less: Income Tax NET INCOME *How much money does Mang Juan's Product gain/loss from the first year to fourth year? *** TAKE NOTE WITH THE YEARS GIVEN. FOR YEAR 4 - 2023. USE THE 5TH ANG 6TH COLUMN OF THE ANNUAL TAX TABLE.
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Answer According to the given Information i Assumed Operating Exp and Marketing Exp are fi... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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