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Sales Revenue Cost of Goods Sold Income from Operations Selling and Administrative Expenses Budgeted Income Statement For the Year Ending December 31, 2022 Income from Operations Interest Expense Income before Income Taxes Interest Expense Not Income (Loss) $ 326,400 (166,380) i 160,020 88,500 i 71,520 (4,130 67,390 (13,478 53912

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BC 266: EXCEL PROBLEM PR 17-2A:VERTICAL ANALYSIS   For 2016, Indigo Corp. initiated a sales promotion campaign that included an expenditure of $39,000 for advertising. At year end the company President is presented with the following condensed Comparative Income Statement:     20162015   Sales revenue $820,000 $600,000 COGS [Cost of Goods Sold]311,600240,000 Gross profit508,400360,000 Selling expenses 164,000 108,000 Administrative expenses 57,40054,000 Total operating expenses 221,400162,000 Income from operations [NOI] 287,000 198,000 Other income 65,600 48,000 Income before income tax 352,600 246,000 Income tax expense246,000180,000 Net Income [NI] 106,600 66,000 Prepare a Comparative Income Statement using Vertical Analysis for the two-year period. Present each item as a % of sales for the given year and round your values to one decimal place.

Question 2 Following are some important figures from the budget of Jasmine, Inc., for the year 2016: February March April Credit sales $289,000 $265,000 $378,000 Credit purchases $ 89,000 $126,000 $187,000 Cash disbursements Wages, taxes, and expenses $46,000 $ 41,000 $58,000 Interest $12,700 $12,700 $12, 700 Equipment purchases $67,000 $133,000 $ 0 The company predicts that 3% of its credit sales will never be collected, 47% of its sales will be collected in the month of the sale, and the remaining 50% will be collected in the following month. Credit purchases will be paid in the month following the purchase. In Jan 2016, credit sales were $245,000, and credit purchases were $95,000. The beginning cash balance of Feb is $ 120,000. Prepare a cash budget for Jasmine, Inc., for the months of February, March and April.

Summary Data for April Support Department Support Departments Production Departments Information Research and Technology Travel Service Analysis Audit Tax Consulting Total IT: Number of employees TS: Number of trips 9 5 15 120 150 110 409 15 12 10 120 160 520 837 RA: Number of requests Costs to Allocate 15 10 4 125 120 280 554 $ 810,000.00 $125,000.00 $1,280,000.00 $ $ $ $2,215,000.00 Question Answer 1. Which of the following is the closest approximation of the sales forecast's upper confidence bound for the 1/1/2028 quarter? 2. Based on the graph and the breadth of the confidence intervals, which seems easier to predict, sales or income before extraordinary items? 3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter? 4. What is the forecast lower confidence bound for the 4/1/2027 quarter? 5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting 10/1/2027?

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14-19 Customer profitability, customer-cost hierarchy. Enviro-Tech has only two retail and two wholesale customers. Information relating to each customer for 2017 follows (in thousands):Wholesale Customers Retail CustomersNorth AmericaWholesalerSouth AmericaWholesaler Green Energy Global PowerRevenues at list prices $375,000 $590,000 $175,000 $130,000Discounts from list prices 25,800 47,200 8,400 590Cost of goods sold 285,000 510,000 144,000 95,000Delivery costs 4,550 6,710 2,230 2,145Order processing costs 3,820 5,980 2,180 1,130Cost of sales visit 6,300 2,620 2,620 1,575Enviro-Tech’s annual distribution-channel costs are $33 million for wholesale customers and $12 million forretail customers. The company’s annual corporate-sustaining costs, such as salary for top managementand general-administration costs are $48 million. There is no cause-and-effect or benefits-received relationship between any cost-allocation base and corporate-sustaining costs. That is, Enviro-Tech could…

Required: Solve for the missing items in the partial income statements given below: E9-8 2015 2016 2012 2013 2014 Sales 100,000 120,000 150,000 160,000 Gross Profit 44,000 39,000 18,000 Beginning 80,000 70,000 85,000 75,000 Inventory Net Purchases 90,000 80,000 120,000 165,000 Cost of goods sold 70,000 135,000 Sales ret & allow 6,000 18,000 Ending inventory 65,000 85,000 100,000 Net sales 117,000 144,000 150,000

Ramos Company Ramos Company included the following information in its annual report:   2011 2010 2009 Sales $178,400 $162,500 $155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Net income 13,400 10,000 10,500  Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as:  Group of answer choices 100 % 50.6 % 30.3 % 28.0 %

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ILLUSTRATION 4. Following information is given. 2014 2015 $ $ 75,000 50,000 1,50,000 75,000 Sales Cost of goods sold Gross profit on sales 25,000 75,000 During the year 2015, increase in quantity (or volume) was 20%. You are required to : (i) calculate per cent change in selling price and cost of production.

How do I figure out the pretax net nonoperating expense ? (in thousands) Dec. 29, 2016 Dec. 30, 2015 Revenues     Circulation  $  880,543  $  851,790 Advertising 580,732 638,709 Other 94,067 88,716 Total revenues 1,555,342 1,579,215 Production costs     Wages and benefits 363,051 354,516 Raw materials 72,325 77,176 Other 192,728 186,120 Total production costs 628,104 617,812 Selling, general and administrative costs 721,083 713,837 Depreciation and amortization 61,723 61,597 Total operating costs 1,410,910 1,393,246 Restructuring charge 14,804 0 Multiemployer pension plan withdrawal expense 6,730 9,055 Pension settlement charges 21,294 40,329 Early termination charge 0 0 Operating profit 101,604 136,585 Loss from joint ventures (36,273) (783) Interest expense, net 34,805 39,050 Income from continuing operations…

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Perform profitability analysis for the two quotas

AN: Q6 Q7 Q8   The budget director of Birds and Beyond, Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January 2021: Estimated sales for January: Birdhouse                                         7.500 units at $66 per unit Bird feeder                                       5,000 units at $82 per unit   Estimated inventories at January 1:   Direct Materials:                Finished Products:             Wood: 198 ft.                      Birdhouse: 500 units at $28 per unit.             Plastic: 420 lbs.                   Bird feeder: 210 units at $40 per unit.   Desired inventories at January 31:   Direct Materials:                Finished Products:             Wood: 220 ft.                      Birdhouse: 400 units at $28 per unit.             Plastic: 340 lbs.                   Bird feeder: 250 units at $40 per unit.   Direct materials used in…

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Perform vertical analysis of the two quotas

13 What is the estimated cost of goods sold alnu 14. What is the estimated total selling and administrative expense IUI JUIŲI 15. What is the estimated net operating income for July? 12. What is the estimated FIIL TOI лу: ises Connect Gerw Hill ACCOUNTING All applicable exercises are available with McGraw-Hill's Connect® Accounting EXERCISE 8-1 Schedule of Expected Cash Collections [LO8-2] Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales 00 in May of each year, as shown in the company's sales budget for the second quarter given belou April May June Total Budgeted sales (all on account) $300,000 $500,000 $200,000 $1,000,000

Shep Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first quarter of 2019, the following data are developed: F2 - 2 @ W S 1. Sales: 20,000 units; unit selling price: 2. Variable costs per dollar of sales: Sales commissions Delivery expense Advertising 3. Fixed costs per quarter: Sales salaries. Office salaries F3 + 3 E D Depreciation # Insurance Utilities Variable expenses Sales commissions Delivery expense 4 Instructions Prepare a selling and administrative expense budget for the first quarter of 2019. Advertising F4 Ⓡ $ R F F5 A 5 % T F6 G H F7 C 6 A Y H $25 6% $30,000 2% 18,000 4% 8,000 Selling and Administrative Expense Budget For the Quarter Ended March 31, 2019 3,000 1,100 SHEP COMPANY F8 7 & Search L U J F9 8 LG - F10 A 9 * ( K O 4 F11 - 0 L ) O F12 + P - ; Prt Sc Scrlk = Ins + I 11 Del Backspace PgUp Home Nu Ente

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Refer to the following mentioned data. Net sales Cost of products sold Gross margin 2017 2016 2015 Required: a. Calculate the gross profit ratio for each of the past three years. (Round your answers to 2 decimal places.) (In millions) 2016 2017 2015 $34,894 $30,411 $26,113 14,318 13,376 13,767 $20,576 $17,035 $12,346 Cost of goods sold Gross profit 58.94 % % % b. Assume that Campbell's net sales for the first four months of 2018 totaled $12.79 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2017. (Round Intermediate calculations to 2 decimal places. Enter your answers in millions rounded to nearest whole number (1.e., 5,000,000 should be entered as 5).) million million

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2020 2021 Costs Incurred in 3,000 6,000 The Year Estimated Costs 9,000 to Complete Billings During the Year 4,500 5,500 Cash Collections 3,500 6,000 Selling Price: $15,000 Calculate the revenue, cost of goods sold and gross profit to be recognized in each year. Calculate the ending balance in accounts receivable in each year. 2020 2021 Revenue Cost of Goods Sold Gross Profit Ending Accounts Receivable

FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 |Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges (2,194) Total Operating Expenses (16,442) Operating Income 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935 Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet. 1. The total revenue numbers over the past 4 years for Tag-lt Corporation were as follows (values in millions): o 73,785 O 69,495 o 75,356 o 71,879 2. Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.