(Answered) Percentage of sales income statement using the percentage

Management Studies

Percentage of sales income statement. Using the percentage of sales method forecast the income statement of the company using the following data and forecasts:

Sales last year= $3,000,000

Variable expenses:

cost of goods sold= $1,200,000

Operating expenses=$960,000

Fixed operating expense = $200,000

Interest bearing debt:

Average balance next year=$1,000,000

Average interest rate net year 12%

Tax rate 35%

This problem must also factor in the company's sales forecast for next year is:

a. $ 3,400,000

b. $ 3,900,000

c. $ 4,200,000

d. $ 4,500,000

Please assist with obtaining the answers

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92365979
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Describe the crawl-walk-run cwr metaphor for leader

Describe the Crawl-walk-run (CWR) metaphor for leader development?

A leasing firm operates on the assumption that the annual

A leasing firm operates on the assumption that the annual number of miles driven in its leased cars is normally distributed with mean 13,500 and standard deviation 4,000 miles. To see whether this assumption is valid, a ...

Question to below caseif you find that economic prospects

Question to below Case: If you find that economic prospects are better in Desertia, should you invest there? Or, does your company have an obligation to support the more democratic political regime of Mountania, even if ...

Paper training and developmentyou will apply what you have

Paper: Training and Development You will apply what you have learned about the use of training to make improvements in employee performance in support of organizational objectives. Select an organization that you are fam ...

For this response consider the space shuttle challenger

For this response, consider the Space Shuttle Challenger case and address the following questions: Did Morton-Thiokol use a Stockholder or a Stakeholder model when they made the decision? What decision would you have mad ...

Identify a leader that has used power and influence in a

Identify a leader that has used power and influence in a harmful way. Identify an additional leader who has used power and influence in a positive way. For both of these leaders, state your thoughts on their motives for ...

According to some experts the sort of behavior recorded

According to some experts, the sort of behavior recorded here is more prevalent in the business world than in the rest of society. Assuming that's true, why do you suppose that's the case.

While change is a natural part of our professional lives

While change is a natural part of our professional lives. also the resistance to the change. What are main principles reasoning why employees are resisting change? And what are the strategies that a leader or manager can ...

In project management larson amp gray 2018 ch 9 1wws how do

In Project Management (Larson & Gray, 2018) Ch. 9, 1WWS, how do you show the following: Complete the project priority matrix based on your assumptions of what is most important for the success of the project. Based on th ...

Questionexample of an organization that has recently

Question: Example of an organization that has recently undertaken a proactive change. How it affect company? Also example of an organization that has recently undertaken a reactive change. How it affect company?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert