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
Marina86 [1]
3 years ago
9

A proposed new investment has projected sales of $515,000. Variable costs are 44 percent of sales, and fixed costs are $128,500;

depreciation is $49,750. Prepare a pro forma income statement assuming a tax rate of 24 percent. What is the projected net income?
Business
1 answer:
Basile [38]3 years ago
7 0

Answer:

Net operating income= $83,714

Explanation:

Giving the following information:

Sales= $515,000.

Variable costs are 44 percent of sales

Fixed costs are $128,500

Depreciation is $49,750.

Tax=  24 percent.

<u>Income statement:</u>

Sales= 515,000

Total variable cost= (0.44*515,000)= (226,600)

Gross profit= 288,400

Fixed costs= (128,500)

Depreciation= (49,750)

Operating income= 110,150

Tax= 110,150*0.24= (26,436)

Net operating income= 83,714

You might be interested in
Marketing in foreign markets can require altering the goods or services offered to meet the taste of local customers. therefore,
ziro4ka [17]

<u>Global marketing mix</u> that includes different strategies and types of ads based on the target market.

8 0
3 years ago
Robert and rosie both invested $7,500 four years ago. they both earned a 15% return, however robert earned a simple return of 15
timurjin [86]
The difference between simple and compound interest is significant because the interest is higher when using compounding. Robert's investment amounted to $12,000 after 4 years while Rosie's investment after 4 years totaled to $13,117.55 with a difference of $1,117.55.

Thus, Rosie will have $1,117.55 more than Robert.
8 0
3 years ago
How does corruption limit investment and economic growth? Instructions: In order to receive full credit, you must make a selecti
docker41 [41]

Answer:

Correct option are (1) and (3).

Tax revenues are often diverted to those in power instead of going into legitimate productive investment, and the same is sometimes true of foreign aid money from abroad.

Knowing that payments of graft must be made prevents many people from undertaking actions that might lead to growth.

Explanation:

In a corrupt economy, government incomes from charge and outside guide frequently are occupied to politically influential individuals as opposed to being contributed for gainful purposes. Since individuals realize that defilement cash needs to paid to concerned authorities, they don't attempt such profitable venture either. Both these variables identified with defilement limits speculation and development.

6 0
3 years ago
Which type of portfolio might a young investor who is not afraid of risk choose? A
Nataliya [291]
A diversified portfolio of small-cap growth stocks would not be appropriate for an investor nearing retirement, a young investor is better equipped to take on that risk and can take advantage accordingly. <span>I hope my answer has come to your help. God bless and have a nice day ahead!

</span>
6 0
3 years ago
Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
kvv77 [185]

Answer:

$30,000

$6,000

Explanation:

Carlos risk = $30,000

Carlos risk of $30,000 is the amount of funds which he had invested in the course of his business which is why Carlos is not considered at-risk for the nonrecourse loan reason been that carlos is not found liable because the loan was not used in the business which makes him to have a risk of $30,000.

$24,000 loss that occured will reduces Carlos’ amount at-risk to $6,000

($30,000 - $24,000)

=$6,000

5 0
3 years ago
Other questions:
  • Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1
    11·1 answer
  • Vicki entered into a written contract to buy a car from Valley Motors. During the negotiations, the sales representative said th
    10·2 answers
  • Assume Apple shares have a market capitalization of $50 billion. The company just paid a dividend of $0.25 per share and each sh
    5·1 answer
  • If the San Diego Opera decreases the price of their opera tickets and their total revenue falls, then this suggests that, at the
    10·1 answer
  • When the price of bubble gum is $0.50, the quantity demanded is 400 packs per day. When the price falls to $0.40, the quantity d
    5·1 answer
  • Jent Corp. purchased bonds at a discount of $10,000. Subsequently, Jent sold these bonds at a premium of $14,000. During the per
    9·1 answer
  • An economic system in which the interaction of supply and demand determines the quantity in which goods and services are produce
    7·1 answer
  • Certain skilled labor, such as hair cutting, requires licensing or certification. This is costly and takes a long time to acquir
    6·1 answer
  • What is my level of education if I just finished 10th grade?
    7·2 answers
  • cash inflows and outflows involving stockholders and creditors are classified on the statement of cash flows as activities.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!