Year 2019 | |
Sales | 10,00,000.00 |
COGS | 5,00,000.00 |
% | 50.00% |
Staff Salaries | 2,00,000.00 |
Admin Overhead | 1,00,000.00 |
Advertising and Sales Promotion | 50,000.00 |
Year 2020 Statement | |
Sales (1.15 * 10,00,000) | 11,50,000.00 |
Cost of Goods sold | |
As per2019 (50% of Sales, 5,75,000) | |
Increased by 10% | |
So, COGS (1.1 * 5,75,000) | 6,32,500.00 |
Gross Margin | 5,17,500.00 |
Marketing Expenses | 65,000.00 |
(1.3 * 50,000) | |
General and admin exp | |
Staff Salaries | 2,10,000.00 |
(1.05 * 2,00,000) | |
Admin Overhead | 1,05,000.00 |
(1.05 * 1,00,000) | |
Net Profit before income tax | 1,37,500.00 |
please show work Pro Forma Income Statement Homer Simpson's Bike Store (HSBS) in downtown Charleston had...
1a. Pro Forma Income Statement Prepare a pro forma income statement and balance sheet for Thibodaux Inc. for 2020. For the Pro Forma Income Statement 2020: SALES = increase of 18.25% over 2019, 2019 Sales were $6,765,328 Gross Profit margin 60%, There are No Preferred Stock, OTHER EXP $1,500,000, Depreciation $500,000, Interest $600,000, Taxes 50%, Common Stock Dividend Payout Ratio 40% of Net Income 2019 Pro Forma IS 2020 Pro Forma IS Thibodaux Inc. Thibodaux Inc. Sales $6,765,328 $8,000,000 Cost...
The sales forecast for 2014
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The pro forma income statement for 2014 is.................
Pro forma income statement. Given the income statement in the popup window, for California Cement Company for 2013 and an expected sales growth rate of 7.01% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) $ % % California Cement Company Income Statement for...
Pro forma income statement The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $1.55 million. Interest expense is expected to remain unchanged at $36,000, and the firm plans to pay $65,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given , along with a breakdown of the firm's cost of goods sold and operating expenses into their fixed and variable components. a. Use the percent-of-sales method...
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Pro forma income statement. Given the income statement in the popup window, € , for California Cement Company for 2013 and an expected sales growth rate of 7.42% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,861,000 % $ -11,691,000 % $ -4,043,000 % Cost of...
Pro forma income statement: The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $ 1.51 million. Interest expense is expected to remain unchanged at $ 30000, and the firm plans to pay $ 74000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given..., along with a breakdown of the firm's cost of goods sold and operating expenses into their fixed and variable components. a. Use the...
Pro forma income statement-Scenario analysis Allen Products LP, wants to do a scenario analysis for the coming year. The pessimistic prediction for sales is $909,000; the most likely amount of sales is $1,132,000; and the optimistic prediction is $1,286,000. Allens income statement for the most recent year is shown below. Use the percent-of-sales method, the income statement for December 31, 2019, and the sales revenue estimates to develop pessimistic, most likely, and optimistic pro forma income statements for the coming...
ANSWER ALL PARTS
P4-16 (similar to) Question Help Pro forma income statement The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $1.57 million. Interest expense is expected to remain unchanged at $39,000, and the firm plans to pay $68,000 in cash dividends during 2020. Metroline Manufacturing's income statement for the year ended December 31, 2019, is given B. along with a breakdown of the firm's cost of goods sold and operating expenses into their fixed...
pro forma net profits after taxes for 2019 needed,pro forma
cost of good sold for 2019 needed, pro forma operating expenses for
2019 needed
Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2019, for Hennesaw Lumber, Inc. Hennesaw Lumber, Inc. estimates that its sales in 2019 wil be $4,500,000. Interest expense is to remain unchanged at $105,000 and the firm plans to pay cash dividends of $150,000 during 2019. Hennesaw Lumber...
Your pro forma income statement shows sales of $1,016,000, cost of goods sold as $487,000, depreciation expense of $101,000, and taxes of $171,200 due to a tax rate of 40%. What are your pro forma eamings? What is your pro forma free cash flow? Complete the pro forma income statement below. (Round to the nearest dollar.) Sales Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings
Your pro forma income statement shows sales of $1,016,000, cost of goods sold as $487,000, depreciation expense of $101,000, and taxes of $171,200 due to a tax rate of 40%. What are your pro forma eamings? What is your pro forma free cash flow? Complete the pro forma income statement below. (Round to the nearest dollar.) Sales Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings