Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
1 answer:
You might be interested in
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
Answer:
$22,000 gain.
Explanation:
Please see attachment
