ACTUAL FORECAST 2018 2019 Total Revenue $ 71,879 Cost of Revenue $ (51,125) Gross Profit $ ...
| ACTUAL | FORECAST | |||||
| 2018 | 2019 | |||||
| Total Revenue | $ 71,879 | |||||
| Cost of Revenue | $ (51,125) | |||||
| Gross Profit | $ 20,754 | |||||
| Operating Expenses: | ||||||
| Selling, General, and Administrative | $ (14,248) | |||||
| Research and Development | $ - | |||||
| Special Income/Other Charges | $ (2,194) | |||||
| Total Operating Expenses | $ (16,442) | |||||
| Operating Income | $ 4,312 | |||||
| Net Interest Income | $ (666) | |||||
| Pre-Tax Income | $ 3,646 | |||||
| Provision for Income Tax (19.5%) | $ (711) | |||||
| Net Income | $ 2,935 | |||||
Tag-It’s CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the section provided on the Excel spreadsheet provided.
- The total revenue numbers over the past 4 years for Tag-It
Corporation were as follows:
Values in Millions:- 72,618
- 73,785
- 69,495
- 71,879
- Determine whether you think Tag-It can hit the target of a 10% increase in sales next year.
Homework Answers
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ACTUAL
FORECAST
2018
2019
Total
Revenue
$ 71,879
Cost of
Revenue
$ (51,125)
Gross
Profit
$ ...
The income statement. ACTUAL FORECAST 2018 2019 ...
The income statement. ACTUAL FORECAST 2018 2019 $71,879 Cost of Revenue $(51,125) gross profit $20,754 operating expenses Selling, General, and Administrative $(14,248) ...
Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast with a pro forma income statement....
Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast with a pro forma income statement. Here is the current income statement for Tag-It: Click here to download the income statement. Tag-It’s CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for 2019 year in the section provided on the Excel spreadsheet provided. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows: Values in Millions:...
Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast with a pro forma income statement....
Utilizing the fictitious company Tag-It Corporation, prepare next year’s forecast with a pro forma income statement. Here is the current income statement for Tag-It: Click here to download the income statement. Tag-It’s CEO has predicted a 10% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the section provided on the Excel spreadsheet provided. The total revenue numbers over the past 4 years for Tag-It Corporation were as follows: Values...
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Need help with what I got wrong, please.
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Need help with what I got wrong, please.
Common-Size Income Statements Following is the income statement for Target Corporation. Prepare Target's common-size income statement for the fiscal year ended February 3, 2018. Fiscal year ended ($ millions) February 3, 2018 Sales revenue $71,879 Cost of sales 51,125 Selling, general and administrative expenses 14,248 Depreciation and amortization 2,194 Earnings from continuing operations before interest and income taxes 4,312 Net interest expense 666 Earnings from continuing operations before income taxes 3,645 Provision...
Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Inc Year $ 72,340 $ (b) $32,300 $ (d) Year $111,100 $73,700 $ Year $71,900 $71,900 $116,050 $47,390 $ eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer Send to Gradebook < Prev Next > Operating Expenses Net Income 32,300 $ $13,050 (0) $ $30,910 116,050 $47,390 $ Attempts: 0 of 10 used Submit Answer
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