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| 7 | For 2017, Echo Training Associates is projecting a 10% increase in revenue, a 15% increase in other operating expenses, an 8% increase in cost of services, and $500 of additional depreciation. Using the data from the 2016 profit and loss statement, prepare a projected 2017 profit and loss statement. | |||||||||
| 2016 | ||||||||||
| Selling Activities | ||||||||||
| Revenue | $121,000.00 | |||||||||
| Cost of Service | $81,000.00 | |||||||||
| Gross Profit | $40,000.00 | |||||||||
| Other operatioring expenses | $23,400.00 | |||||||||
| Deprection | $2,200.00 | |||||||||
| Total Operating Expenses | $25,600.00 | |||||||||
| Profit total before taxes | $14,400.00 | |||||||||
| Income Taxes | $3,024.00 | |||||||||
| Net Profit | $11,376.00 | |||||||||
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