Question

1.) Your company has sales of $ 90, 700 this year and cost of goods sold of $ 63,500. You forecast sales to increase to $ 111,700 next year. Using the percent of sales​ method, forecast next​ year's cost of goods sold.
The Tax Cuts and Jobs Act of 2017 temporarily allows​ 100% bonus depreciation​ (effectively expensing capital​ expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.
The forecasted cost of goods sold​ (COGS) is ​$____. ​(Round to the nearest​ dollar.)

3.) ​Jim's Espresso expects sales to grow by 10.2 % next year. Assume that​ Jim's pays out 84.1 % of its net income. (Use the following statements ) and the percent of sales method to​ forecast:
a.​ Stockholders' equity
b. Accounts payable
The Tax Cuts and Jobs Act of 2017 temporarily allows​ 100% bonus depreciation​ (effectively expensing capital​ expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.
a.​ Stockholders' equity
The new​ stockholders' equity will be ​$____. ​(Round to the nearest​ dollar.)

Income Statement

Balance Sheet

Sales
$ 198 , 740
Assets
Costs Except Depreciation
( 99 , 210 )
Cash and Equivalents
$ 14 comma 940
EBITDA
$ 99 , 530
Accounts Receivable
2 ,100
Depreciation
( 5 ,960 )
Inventories
3 ,970
EBIT
$ 93 ,570
Total Current Assets
$ 21, 010
Interest Expense​ (net)
( 260 )
​Property, Plant, and Equipment
10 ,100
​Pre-tax Income
$ 93, 310
Total Assets
$ 31,110
Income Tax
( 32, 659 )
Net Income
$ 60, 651
Liabilities and Equity
Accounts Payable
$ 1, 400
Debt
3, 940
Total Liabilities
$ 5 , 340
​Stockholders' Equity
25, 770
Total Liabilities and Equity
$ 31,110

Answer 1

A. Next years forecast of Cost of goods sold using Percent of Sales method

Current Year Cost of Goods sold to Sales ratio= 63500/90700= 70.01%

Next years sales Forecast = 111700

Next Years Cost of Goods Sold approx. = 78202

B. The second part of question is not very clear. Question asked here is repeating itself, thus cannot be answered.

In some part of the question is dollar mentioned and somewhere it is not.