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gladu [14]
2 years ago
6

A process cost system would be appropriate for a:

Business
1 answer:
Lyrx [107]2 years ago
5 0
Companies that produce a continuous mass of like units through series of operations or process
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The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assume that operating costs (excluding depreci
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The answer is  $11.904.762  

There an assumption about Depreciation, Amortization and Interest, it says increase by 10% over which there is no data to calculate,so It's used 10% of sales.

Explanation:

Income Statement  

Sales  $11.904.762  

Cost of goods sold -$6.547.619  

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depreciation, amortization and Interest -$1.190.476  

Net Income BEFORE Taxes $4.166.667  

Tax RATE 40%  -$1.666.667  

Net Income after Taxes  $2.500.000  

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