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

Question

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] · Answer 1 · 2022-05-28T19:55:18+03:00

Lana71 [14]3 years ago

8 0

Answer

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Explanation

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