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Using either 1) or 2) approach: 1., forecast the next two years by using the three-year average rate of growth in sales of the last three yearsIncrease all items in the Income Statement by that percentage, including depreciation.
Make the Balance Sheet balance by increasing cash in the next two years by the amount of net income for each year and increasing Retained Earnings for the amount of net income for each year.
2. Forecast the next two years by using some other percentage, such as 5%. In practice, the choice of percentage to use will be a committee decision. The assignment is to focus on what to do with the assumed percentage increase, not how to get it. Also in practice, some items on the Income Statement will not increase with sales-this will vary from company to company. Depreciation may remain constant for example.then multiply the forcasted earnings per share amount by a recent price-earnings multiple as reported by Yahoo Finance for the company. Do this to forcast the future stock price.
Returns and allowances amounted to $2,000. It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year?
on july 1 2010 brower industries inc. issued 8000000 of 5-year 11 bonds at an effective interest rate of 12 receiving
examine the following list of accountsinterest payableaccumulated depreciation equipmentalex kenzy drawingaccounts
the following financial statements relate to alpine trails ski resort comparative balance sheets as of december 31 20x3
variable overheads for the month 20000 budgeted and 18000 actual. output for the month units 10000 budgeted and 8000
compute the following compound amounts and compound interest.principal rate compounded yearsa. 1400 6 monthly 5b. 2500
welch company which expects to start operations on january 1 2011 will sell digital cameras in shopping malls. welch
What is the adjusted balance on the bank reconciliation? Journalize any necessary entries for ABC, Inc. based on the bank reconciliation.
Assume Kirsten Corporation has no alternative use for the facilities presently devoted to production of the B345 gaskets. If the outside supplier offers to sell the gaskets
What are the equivalent units of production for the Sewing Department for direct materials and for direct labor and overhead, respectively?
standard company has developed standard manufacturing overhead costs based on a capacity of 180000 direct labor hours
the questions that follow are based on rule 101 of the aicpa code of the professional conduct as it relates to
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