Question: I would like as much help as possible please. Thank you. Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to

I would like as much help as possible please. Thank you.
I would like as much help as possible please. Thank you. Part
L. Project the Income Statement for 2015 and 2016 usine the assumptions
to the right. For COGS, use a regression against sales UWIESS the

Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to the right. For COGS, use a regression against sales UWIESS the equation as a whole is not sienificant at the 5% level. If the regresion equation as a whole is NOT significant, use the 2014 COGS as a percent of sales to forecast the 20152016 COCS. \begin{tabular}{|l|r|r|} \hline & & \\ \hline & INCOME STATEMENTS & \\ \hline 0 & & 2015 \\ \hline 1 & Net Sales & 1250000 \\ \hline 2 & Cost of Goods Sold & \\ \hline 3 & Gross Profit \\ \hline 4 & \\ \hline 5 & Rent \\ \hline 6 & Non-Cash Expense \\ \hline 7 & Other Oper. Expenses & \\ \hline 8 & Total Oper. Expenses \\ \hline & \\ \hline & Operating Income \\ \hline & Interest Expense \\ \hline & Taxable Income \\ \hline & Taxes (40\%) \\ \hline Net Income \end{tabular} Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to the right. For COGS, use a regression against sales UWIESS the equation as a whole is not sienificant at the 5% level. If the regresion equation as a whole is NOT significant, use the 2014 COGS as a percent of sales to forecast the 20152016 COCS. \begin{tabular}{|l|r|r|} \hline & & \\ \hline & INCOME STATEMENTS & \\ \hline 0 & & 2015 \\ \hline 1 & Net Sales & 1250000 \\ \hline 2 & Cost of Goods Sold & \\ \hline 3 & Gross Profit \\ \hline 4 & \\ \hline 5 & Rent \\ \hline 6 & Non-Cash Expense \\ \hline 7 & Other Oper. Expenses & \\ \hline 8 & Total Oper. Expenses \\ \hline & \\ \hline & Operating Income \\ \hline & Interest Expense \\ \hline & Taxable Income \\ \hline & Taxes (40\%) \\ \hline Net Income \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!