1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nataly862011 [7]
2 years ago
13

A proposed new investment has projected sales of $585,000. Variable costs are 44 percent of sales, and fixed costs are $187,000;

depreciation is $51,000. Prepare a pro forma income statement assuming a tax rate of 21 percent. What is the projected net income? (Input all amounts as positive values.)

Business
1 answer:
Tema [17]2 years ago
8 0

Answer:

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

You might be interested in
An economic term for any person who uses goods or services. Sometimes a consumer buys a good or service. Sometimes, the goods or
lesantik [10]

Answer: Consumer

Explanation:

If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.

The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.

5 0
2 years ago
In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The acco
Jlenok [28]

Answer:

He has to deposit $750.46 every month into the account

Explanation:

Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.

Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.

FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r

$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%

A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]

A = ( $57,000 - $10,618.05 ) / 61.80471

A = $46,381.95 / 61.80471

A = $750.46

3 0
3 years ago
You work as the sales manager for a company that sells paper supplies to businesses of all sizes. Because the profit margins are
Jobisdone [24]

Answer:

Controling.

Explanation:

Analyzing the above scenario, it is possible to identify that the process of determining the reason for the higher costs and taking measures to reduce those costs is part of an organization's control management process.

It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.

An effective management control process ensures that companies operate more effectively, improving organizational resource management processes, reducing costs and making management more structured and effective so that a company remains competitive and profitable in the market.

7 0
2 years ago
1. The Statute of Frauds prevents the enforcement of a(n) ______ contract, which is a contract in which the parties have not ___
icang [17]

Answer:

The correct answers in order are:

Executory  

Fulfilled their obligations  

Not illegal

Explanation:

The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.

4 0
3 years ago
Tickets to a concert are $35 each. In addition to the cost for the tickets ordered, there is a $15 processing charge per order.
Vesnalui [34]

Answer:

Explanation:

Let the cost of an order = C

Let the number of tickets inside that order = n

Let there be a 15 dollar service charge per order.

================

C = 35*n + 15

5 0
2 years ago
Other questions:
  • Doss is vice president of marketing research for General Mills. The chefs at General Mills bring three new cookie recipes to Dos
    6·1 answer
  • As leader of your company's Web team, you have been asked to give an oral presentation of plans for your company's new Website.
    7·1 answer
  • What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production
    10·1 answer
  • which of the following helps economists judge the overall condition of a particular country's economy?
    15·1 answer
  • Calculate the times interest earned ratio using the financial statement data shown below. Current liabilities $185 Income before
    10·1 answer
  • Assume that a war reduces a country's labor force but does not directly affect its capital stock. Then the immediate impact will
    11·1 answer
  • Which government action is related to fiscal policy?
    8·2 answers
  • The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is a. 5 times the
    12·1 answer
  • Make a _____ _____ _____ before selecting the stock best suited for your project.
    6·1 answer
  • A bank has the following balance sheet: SETS RETURN % MILLION $ LIABILITIES COST % MILLION $ Cash 0.00 35 Fixed-rate Deposits 3.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!