User Account

All Pages

What is the expected net profit

Assignment Help Managerial Accounting
Reference no: EM133059186

Question - Cumulative XYZ has sales of $4,800,000. COGS is 40%, operating expenses (excluding depreciation) are 35%, interest expense is 1% of sales, depreciation expense is $30,000. Tax rate 40%. Using the previous income statement as your base year construct a proforma income statement for 2022 using the percent of sales method. Growth 10%, Depreciation remains at $30,000. Answer the below question. What is the 2022 expected net profit?

Reference no: EM133059186

Questions Cloud

What is the coupon rate and current yield : A 6 year Circular File Bond pays interest of $80 annually and sells for $950. What is the coupon rate, current yield, and yield to maturity
Determine the break-even point in sales units : The variable cost is $52 per unit, while fixed costs are $149,916. Determine (a) the break-even point in sales units
Record amortization of the right-of-use asset for Taco King : During the previous 5-year period, Taco King has generated quarterly sales of over $655,000. Record amortization of the right-of-use asset for Taco King
Determine the company net income : Also assume the company incurred a loss on the sale of equipment of $4,000. Determine the company net income
What is the expected net profit : Cumulative XYZ has sales of $4,800,000. COGS is 40%, operating expenses (excluding depreciation) are 35%, What is the expected net profit
How can a firm synchronize its cash flows : Smith decided at age 62 that he wasn't quite ready to stay at home living the life of leisure. How can a firm synchronize its cash flows
What is the equipment after-tax salvage value : Karsted can sell the used equipment today for $8 million, and its tax rate is 20%. What is the equipment's after-tax salvage value
What is the cash flow from operating activities : During this year, there is also a gain of $300 from the disposal of an old machine. What is the Cash Flow from Operating Activities in 2020
Compute depreciation expense : Depreciation Methods A machine costing $145,800 was purchased May 1, 2019. The estimated salvage value is $5,400. Compute depreciation expense

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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