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]
3 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]3 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
A candy company has 115 pounds of cashews and 140 pounds of peanuts which they combine into two different mixes. The deluxe mix
LekaFEV [45]

Answer:

you should prepare 180 pounds of the deluxe mix and 75 pounds of the economy mix

Explanation:

maximize 7d + 4.7e

constraints

0.5d + ¹/₃e ≤ 115

0.5d + ²/₃e ≤ 140

d ≥ 0

e ≥ 0

d and e are integers

using solver, the maximum profit is 180d + 75e, and the maximum profit is $1,612.50

6 0
3 years ago
The interest on the projected benefit obligation component of pension expense:__
Aleonysh [2.5K]

Answer:

Option b (reflects..................settled) is the right response.

Explanation:

  • The estimated beneficiary obligation was indeed unwounded by that of the identification of inflation rates through an investment that raises something both PBO reserve as well as the retirement expenditure between each duration.
  • The premium on either the expected advantage commitment portion including its pension cost illustrates the amounts beyond which the pension contributions will indeed be reasonably negotiated.

Any other option is not connected to that case. That's the right choice.

4 0
2 years ago
As rationing mechanisms, prices options: a. are efficient, but long lines are inefficient. b. and long lines are inefficient. c.
valentina_108 [34]

Answer:

a. are efficient, but long lines are inefficient

Explanation:

A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.

I hope you find this information useful and interesting! Good luck!

4 0
3 years ago
Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _
vladimir1956 [14]

When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

<h3>What are analytical skills?</h3>

These are skills that allow a person to make decisions based on data that they are presented with.

They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.

In conclusion, option D is correct.

Find out more on data drive decisions at brainly.com/question/26064077.

8 0
2 years ago
In all cases, positive economics deals with
AURORKA [14]
The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
6 0
3 years ago
Other questions:
  • Whats the importance of an organized workstation
    15·2 answers
  • A company makes necklaces with attached letters. Department A manufactures the necklace chains and letters ahead of demand. Depa
    11·1 answer
  • Linda and Richard are married and file a joint return for 2019. During the year, Linda, who works as an accountant for a nationa
    11·1 answer
  • Elley's Baskets makes handmade baskets for distribution to upscale retail outlets. The firm is currently considering making hand
    15·1 answer
  • The Federal Deposit Insurance Corporation insures deposits up to $250,000 per person per financial institution. Suzanne has $200
    15·1 answer
  • Kingbird Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for long-
    9·1 answer
  • Neeta Landscaping Company provides lawn care services to a customer and immediately receives $45. Which of the following describ
    9·1 answer
  • _____ occurs when an individual or business capitalizes on a price differential for a firm’s product between two countries by bu
    9·1 answer
  • Crane Company received proceeds of $799000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $848000
    12·1 answer
  • Assume that a profit-maximizing firm which competes in a purely competitive product industry has only two factor inputs, labor a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!