GORILA has current sales of $9,500 and a profit margin of 12 percent. The firm estimates...
GORILA has current sales of $9,500 and a profit margin of 12 percent. The firm estimates that sales will increase by 9% next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
Select one:
a. $1,442.60
b. $1,242.60
c. $2,242.60
d. $2,742.00
Homework Answers
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GORILA has current sales of $9,500 and a profit margin
of 12 percent. The firm estimates...
Question 1 1 points Save Answer The firm has sales of $6,000 and a profit margin...
Question 1 1 points Save Answer The firm has sales of $6,000 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 4 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income? $303 $327 Oc. $406 $439 $441
A firm has sales of $63,000, current assets of $13,000, current liabilities of $14,500, net fixed assets of $74,000, and a profit margin of 7.50%. The firm has no long-term debt and does not plan on a...
A firm has sales of $63,000, current assets of $13,000, current liabilities of $14,500, net fixed assets of $74,000, and a profit margin of 7.50%. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 4% next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year? A. $4,914 B. $2,000 C....
19:10 Percent of sales: Given the data for Cattail Corporation in Problem 19 9, if you...
19:10 Percent of sales: Given the data for Cattail Corporation in Problem 19 9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattaid for the next fiscal year. Assuming that the firm did not sel or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattail for the next fiscal year. Assuming that the firm did not sell or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended are...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattail for the next fiscal year. Assuming that the firm did not sell or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended are...
Wanye is currently operating at 88 percent of capacity. All costs and net working capital vary...
Wanye is currently operating at 88 percent of capacity. All costs and net working capital vary directly with sales. What is the amount of the pro forma net fixed assets for next year if sales are projected to increase by 13 percent and the firm currently has $33,600 of net fixed assets?
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Cu...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses...
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that the company's goal is to increase net income by 15 percent. Required The following items are independent of each other a. Prepare a pro forma income statement. What percentage increase in sales would enable the company to reach its goal? b. The market may become stagnant next...
In the most recent year wholesome Foodsellers reported $8380 in sales with a 22% profit margin....
In the most recent year wholesome Foodsellers reported $8380 in sales with a 22% profit margin. The firm has $16126 in assets. Next year the firm plans a 9% increase in sales. Assets and costs are proportional to sales. Debt and equity are not. The company doesn't pay dividends. What is the external financing need for the next year? Select one: -558 0-392 14116 1285 O 3461
Top executive officers of Jordan Company, a merchandising firm, are preparing the next year's budget. The...
Top executive officers of Jordan Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Current Year $2,100,000 1,470,000 630,000 286,000 Sales revenue Cost of goods sold Gross profit Selling & administrative expenses $ 344,000 Net income Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $76,000. The president has...
Question 1 1 points Save Answer The firm has sales of $6,000 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 4 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income? $303 $327 Oc. $406 $439 $441
19:10 Percent of sales: Given the data for Cattail Corporation in Problem 19 9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattaid for the next fiscal year. Assuming that the firm did not sel or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattail for the next fiscal year. Assuming that the firm did not sell or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended are...
19.10 Percent of sales: Given the data for Cattail Corporation in Problem 19.9, if you assume that all balance sheet items also vary with the change in sales, develop a pro forma balance sheet for Cattail for the next fiscal year. Assuming that the firm did not sell or repurchase stock, what is the cash dividend implied by the pro forma income statement and balance sheet? Percent of sales: Cattail Corporation's financial statements for the fiscal year just ended are...
(Financial forecasting-percent of sales) Tulley Appliances, Inc. projects next year's sales to be $19.7 million. Current sales are at $14.8 million, based on current assets of $4.7 million and fixed assets of $4.8 on. The firm's net profit margin is 4.7 percent after axes. Tulley forecasts at current assets will rise in direct proportion the increase n sales, t fixed assets wil ncrease by ont 51 O. Currently T has $1.5 million in accounts payable (which vary directly with sales),...
Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that the company's goal is to increase net income by 15 percent. Required The following items are independent of each other a. Prepare a pro forma income statement. What percentage increase in sales would enable the company to reach its goal? b. The market may become stagnant next...
In the most recent year wholesome Foodsellers reported $8380 in sales with a 22% profit margin. The firm has $16126 in assets. Next year the firm plans a 9% increase in sales. Assets and costs are proportional to sales. Debt and equity are not. The company doesn't pay dividends. What is the external financing need for the next year? Select one: -558 0-392 14116 1285 O 3461
Top executive officers of Jordan Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Current Year $2,100,000 1,470,000 630,000 286,000 Sales revenue Cost of goods sold Gross profit Selling & administrative expenses $ 344,000 Net income Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $76,000. The president has...
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