Forecast income statements, Financial Accounting

Assignment Help:

The forecast income statements are as follows:

448_Forecast income statements.png

WORKINGS

Sales = 50000 × 1·12 = $56000000

Variable cost of sales = 30000 × 1·12 × 0·85 = $28560000

Fixed cost of sales = 30000 × 0·15 = $4500000 (assumed to be constant)

Administration costs = 14000 × 1·05 = $14700000

Interest under debt financing = 300 + (5000 × 0·1) = 300 + 500 = $800000

Related Discussions:- Forecast income statements

Temporary-timing differences-financial statement , Temporary or Timing diff...

Temporary or Timing differences Temporary/timing differences relate to those items that are adjusted in the current period and are again adjusted in subsequent financial period

Payrol, a private owned business, pay salary to its employees according to ...

a private owned business, pay salary to its employees according to the Ethiopian calendar month to the addis ababa city administration tax authority . Basic salary 3936 ,Normar wor

Historical cost accounting, definition of historical cost accounting

definition of historical cost accounting

Determine the budgeted profit for period, Questikon: For Period Wilson ...

Questikon: For Period Wilson Ltd has produced the following budget figures for Product X: For the period, the budgeted fixed overhead is Rs100,000 and the budgeted sales ar

Statement of cash flows, Statement of Cash Flows - A statement of cash flow...

Statement of Cash Flows - A statement of cash flows is one of the fundamental financial statements which is required as part of a complete set of financial statements prepared in c

Play money assignment, This assignment requires you to pretend you have $10...

This assignment requires you to pretend you have $10,000 to invest for 4 weeks. You are to "invest" this money in stocks or mutual funds and to track your investments on a weekly

Estimate the montly sales budget, Your friend Peter is planning to set up a...

Your friend Peter is planning to set up a new business which will manufacture and sell wooden tables. The parts that make up the table consist of a wooden table top measuring 1m by

Cumulative nature of the returns on the predilection shares, A changeable ...

A changeable instrument is deemed part liability and part equity. IAS 32 necessitate that each part is measured individually on initial recognition. The liability element is

Types of gift by way of a will-executorship laws and account, TYPES OF GIFT...

TYPES OF GIFT BY WAY OF A WILL (a) A special (or specific) legacy is a testamentary gift of a particular part of the property of the testator, which identifies that part by a s

calculate the average issue price, Star Corporation issued both common and...

Star Corporation issued both common and preferred stock during 19X6. The stockholders' equity sections of the company's balance sheets at the end of 19X6 and 19X5 follow.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages