User Account

All Pages

Construct a pro forma income statement and balance sheet

Assignment Help Financial Accounting
Reference no: EM131139646 , Length:

Question:

Using the same publicly held company that you have been using, access the companys Web page on the Internet.

Complete the following:

Using the company's financial statements, construct a pro forma income statement and balance sheet for the company using the percentage-of-sales method.

Be sure to include the original statements along with a defendable sales forecast.

Upon completion of the financials, write a paper detailing the process and what you learned about the company as you work through this activity.

1 Excel spreadsheet + 1 Word document of 600 words

Verified Expert

Reference no: EM131139646

Questions Cloud

Management process-planning-organizing-leading-controlling : Trader Joe's case. In what ways does Trader Joe’s demonstrate the importance of each responsibility in the management process—planning, organizing, leading, and controlling? What lessons does the Trader Joe’s story offer to aspiring entrepreneurs who..
Explain how each medium enables e-commerce : Analyze each behavior using the communication process. The analysis should include descriptions of the purpose, sender, receiver, message, environment, technology, noise, and feedback.
Elite charge lump-sum taxes to middle-class entrepreneur : Now suppose that the elite can charge lump-sum taxes to middle-class entrepreneurs. Provide an example in which in the MPE, the elite would still prefer g = 0. Explain why the political equilibrium might involve the use of inefficient fiscal instr..
Does ethics support the law in this case : Explain the similarities and differences in your two solutions to the same dilemma. State (and justify) whether you feel the two schools of ethics are worthy of use in "real life" dilemmas.
Construct a pro forma income statement and balance sheet : Using the company's financial statements, construct a pro forma income statement and balance sheet for the company using the percentage-of-sales method.
Compute times-interest-earned ratio and inventory turnover : Compute the Times-interest-earned ratio, Inventory turnover, Gross profit percentage, Debt to equity ratio, Rate of return on common stockholders' equity, Earnings per share of common stock and Price/earnings ratio.
Explain differences between intended and realized strategy : Explain the differences between intended and realized strategy. Why is it so difficult to execute strategies just as they are originally planned? What can be done to minimize the gap between intended and realized strategies?
Traditional approach for identifying qualified applicants : The traditional approach for identifying qualified applicants is often driven by old traditions like looking at resumes, degree, years of experience, and even looks. What other, more quantifiable measures might be used when hiring a new employee? Be ..
Distinguish between story goal and plot : select a short story from the Gutenberg website and deconstruct how the author is weaving the tale from a plot standpoint. - Locate the story goal.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the journal entry to record the issuance of the bond

Venezuela Co. is building a new hockey arena at a cost of $3,000,000. It received a down payment of $600,000 from local businesses to support the project, and now needs to borrow $2,400,000 to complete the project. Prepare the journal entry to record..

  Compute the margin of safety in dollars and ratio

Glacial Company estimates that variable costs will be 60% of sales, and fixed costs will total $1,142,160. The selling price of the product is $6. Compute the break-even point in (a) units and (b) dollars. Compute the margin of safety in (c) dollars ..

  Does specific legislation apply to that structure

Compare the essential characteristics of partnerships co-operatives and companies ‘the business structures'.

  Operating activities section using the indirect method

Prepare the operating activities section using the indirect method for One Way Cellular's statement of cash flows for the year ended September 30, 2012.

  Economic conditions and industry competition

Describe the background of the company and explain why you decide to choose this company and

  Record for the above transactions

The following transactions took place for Parker’s Grocery and Prepare the journal entries that Parker's Grocery would record for the above transactions.

  Illustrate what was barbell net cash flow

The statement also shows that the company has depreciation and amortization expenses equal to $50,000 and taxes equal to $120,000. Illustrate what was Barbell’s net cash flow?

  Transactions violates the balance sheet equation

Which of the following transactions violates the balance sheet equation?

  Corporate earnings and internal versus external expansion

Corporate Earnings and Internal versus External Expansion - suggest which financial measurement is most important to current stockholders' net income, or earnings, and comprehensive income

  Explain what the criticisms are surrounding the act

Explain what the criticisms are surrounding the Act. Explain the economic consequences for companies as a result of implementing the Act. Explain if the Sarbanes-Oxley Act has achieved its goals so far. Provide examples to support your reasoning.

  Explain how the perpetual and periodic inventory systems

Explain how the perpetual and periodic inventory systems differ, especially in determining Cost of Goods Sold and Ending Inventory and how can the choice of the inventory costing method impact reported profits?

  Posting of journal entries to appropriate accounts

Posting of journal entries to appropriate accounts and prepare an unadjusted trial balance and Bill transferred $15000 from personal account into business account

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd