Given the following financial statements, what is the forecasted
net income if all revenues and expenses are expected to remain a
constant percent of sales, and sales increase by 20%?
|
$2,196 |
||
|
$1,656 |
||
|
$3,324 |
Homework Answers
Since sales increase by 20%, and expenses as a percentage of sales remain constant, all expenses also increase by 20%.
Forecasted net income is $2196.
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Given the following financial statements, what is the forecasted
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Given the following financial statements, what is the forecasted
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Assume the common stock account will remain fixed and the dividend
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Given the following financial statements, what is the forecasted
retained earnings if all revenues, expenses, assets and liabilities
remain a constant percent of sales, and sales increase by 20%?
Assume the common stock account will remain fixed and the dividend
payout ratio remains constant.
$3,776
$3,236
$1,896
We were unable to transcribe this imageGiven the following financial statements, what is the forecasted retained earnings if all revenues, expenses assets and liabilities remain a constant percent of sales, and sales...
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The following financial statements apply to Karl Company: 2019
Revenues Net sales Other revenues $420,000 350,000 10,000 360,000
16,000 436,000 Total revenues Expenses Cost of goods sold Selling
expenses General and administrative expenses Interest expense
Income tax expense 252,000 42,000 22,000 6,000 42,000 364,00e
206,000 38,000 20,000 6,000 36,000 306,000 Total expenses Net
income Assets Current assets $ 72,000 $ 54,000 $ 8,000 16,000
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Please give me all the
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