Question: sysco merchandising firm is developing its budget for year 2 the year 1 income statement is follow. sales (200000 units) 50000$, less cost of good
sysco merchandising firm is developing its budget for year 2 the year 1 income statement is follow. sales (200000 units) 50000$, less cost of good sold 325000$, gross profits 175000. operating expenses ( includes 20000$ of depreciation) 120000, net income 55000, selling price will increase by 10%, sales volume in units will decrease by 6%, the cost of the goods sold as a percent of sales will decrease to 62% other than depreciation, all operation costs are variable. prepare a budget functional income statement for year 2???
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