Tag corporation has predicted a 14% increase in total revenue next year. The income statement for Tag

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Tag corporation has predicted a 14% increase in total revenue next year.

The income statement for Tag for the current year is

Total Revenue. $71,879

Cost of Revenue. $51,125

Gross Profit $20,754

operating Expenses:

selling, General, and Administrative $14,248

Research and Development. $

special income/0ther Charges. $2,194

Total operating Expenses: $16,442

Operating income. $ 4,312

Net Interest Income. $ 666

pre -Tax income. $3,646

Provision for income Tax (19.5%)( $711)

Net income $2,935

what is the income statement for next year at the 14 percent forecast?

Related Book For answer-question

Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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Posted Date: Sep 30, 2022 01:56 PM

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Tag corporation has predicted a 14% increase in total revenue next year. The income statement for Tag

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