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
-Dominant- [34]
3 years ago
11

A proposed new investment has projected sales of $557,000. Variable costs are 39 percent of sales, and fixed costs are $131,000;

depreciation is $51,000. Prepare a pro forma income statement assuming a tax rate of 24 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
In April 2013, Sparkle Enterprises purchased the Crimson Mine at a cost of $18,000,000. The mine is estimated to contain 500,000
DaniilM [7]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

In April 2013, Sparkle Enterprises purchased the Crimson Mine for $18,000,000. The mine is estimated to contain 500,000 tons of ore with a residual value of $2,000,000 after mining operations are completed. During 2013, 120,000 tons of ore were removed from the mine and sold.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= (16,000,000/500,000)*120,000= $3,840,000

6 0
3 years ago
Ford motor co. has separate divisions for passenger-car dealers, for large trucking customers, and for farm products customers.
Rashid [163]
<span>Ford is an example of an organization with a matrix structure. In this structure, Ford is combining divisional and functional command such as creating </span>divisions for passenger-car dealers, for large trucking customers, and for farm products customers to create vertical and command structure. The divisions that Ford made changes.
8 0
4 years ago
During August, Skyler Company worked on three jobs. Data relating to these three jobs follow: Overhead is assigned on the basis
Veronika [31]

Answer:

attached beloev

Explanation:

3 0
3 years ago
Which of the following statements about a partnership is correct? Group of answer choices The personal assets of a partner are i
trapecia [35]

Answer:

do you have a picture I can help you

6 0
3 years ago
Which stage of activity in logistics involves waste disposal and recycling?
ZanzabumX [31]
The stage of activity in logistic wherein it involves waste disposal and recycling is when firms and companies always do ensure that in their program the engagement and participation of their people is active. All employees must be aware and become knowledgeable as to what is required for them to attain success in their environmental program.
5 0
4 years ago
Other questions:
  • which of the following is an example of knowledge? Group of answer choices The ability to create a program that provides rewards
    15·1 answer
  • Is the national society of high school scholars a legitimate organization?
    11·1 answer
  • Barcelona demands a certain level of quality and the organization is continuously raising the bar on expectations. Given this fo
    10·1 answer
  • Consumers today receive commercial messages from a broad range of sources.
    11·1 answer
  • Sheela Dairy Corporation buys unprocessed cows' milk from local farmers. At the dairy, this unprocessed milk is broken down into
    7·1 answer
  • Complete the following statements with one of the terms listed here. You may use a term more than once. Some terms may not be us
    8·1 answer
  • Choose the best words to complete each sentence and form a true statement.
    6·1 answer
  • The FTC suggests some things you can do to _______.
    8·2 answers
  • From 2006 to 2010, per capita real gross domestic product (GDP) in Japan grew an average of 0.46 percent per year. At that rate,
    15·1 answer
  • If a consumer buys Charmin bath tissue that is the exact same quality as a generic brand only more expensive, Charmin has create
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!