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1. Based on this information forecast the following year's income statement. 2. Select and explain one forecasting method for the following year's income statement. 3. Organise the information in a spreadsheet and, based on that data, use the chosen forecasting technique/model to forecast the following year. Breakdown Total Revenue 6/30/2023 6/30/2022 6/30/2021 6/30/2020 $36.679.000 $33.797.000 $30.753.000

1. Based on this information forecast the following year's income statement. 2. Select and explain one forecasting method for the following year's income statement. 3. Organise the information in a spreadsheet and, based on that data, use the chosen forecasting technique/model to forecast the following year. Breakdown Total Revenue 6/30/2023 6/30/2022 6/30/2021 6/30/2020 $36.679.000 $33.797.000 $30.753.000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 39E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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Please don’t use chat gpt and provide snip from spreadsheet thank you
1. Based on this information forecast the following year's income statement. 2. Select and explain one forecasting method for the following year's income statement. 3. Organise the information in a spreadsheet and, based on that data, use the chosen forecasting technique/model to forecast the following year. Breakdown Total Revenue Cost of Revenue Gross Profit Operating Expense Operating Income Net Non Operating Interest Income expenses Other Income Expense Pretax Income Tax Provision Net Income Common Stockholders Basic Average Shares Diluted Average Shares net income from continuing & discontinued operation Normalized Income Interest Income Interest Expense Net Interest Income EBIT Reconciled Cost of Revenue Reconciled Depreciation 6/30/2023 6/30/2022 6/30/2021 6/30/2020 $36.679.000 $33.797.000 $30.753.000 $ 23.438.000 $20.877.000 $19.307.000 $13.241.000 $12.920.000 $11.446.000 $10.086.000 $9.483.000 $8.752.000 $ 3.155.000 $ 3.437.000 $ 2.694.000 -$308.000 -$ 333.000 -$360.000 $ 473.000 $3.320.000 $ 269.000 $3.373.000 $993.000 $2.380.000 $ 968.000 $ 2.352.000 $ 1.132.000 $ 1.132.948 $ 1.131.000 $1.132.255 $2.380.000 $ 40.000 $ 2.374.000 $ 752.000 $ 1.697.000 $ 1.131.000 $ 1.132.013 $1.697.000 $ 2.243.061 $ 10.000 $ 133.000 $ 2.352.000 $ 2.325.788 $2.415.986 $ 5.000 $ 96.000 $11.000 $118.000 -$ 308.000 -$ 333.000 -$360.000 $ 3.416.000 $ 3.491.000 $2.507.000 $23.438.000 $20.877.000 $19.307.000 $ 1.575.000 $1.509.000 $1.528.000
Transcribed Image Text:1. Based on this information forecast the following year's income statement. 2. Select and explain one forecasting method for the following year's income statement. 3. Organise the information in a spreadsheet and, based on that data, use the chosen forecasting technique/model to forecast the following year. Breakdown Total Revenue Cost of Revenue Gross Profit Operating Expense Operating Income Net Non Operating Interest Income expenses Other Income Expense Pretax Income Tax Provision Net Income Common Stockholders Basic Average Shares Diluted Average Shares net income from continuing & discontinued operation Normalized Income Interest Income Interest Expense Net Interest Income EBIT Reconciled Cost of Revenue Reconciled Depreciation 6/30/2023 6/30/2022 6/30/2021 6/30/2020 $36.679.000 $33.797.000 $30.753.000 $ 23.438.000 $20.877.000 $19.307.000 $13.241.000 $12.920.000 $11.446.000 $10.086.000 $9.483.000 $8.752.000 $ 3.155.000 $ 3.437.000 $ 2.694.000 -$308.000 -$ 333.000 -$360.000 $ 473.000 $3.320.000 $ 269.000 $3.373.000 $993.000 $2.380.000 $ 968.000 $ 2.352.000 $ 1.132.000 $ 1.132.948 $ 1.131.000 $1.132.255 $2.380.000 $ 40.000 $ 2.374.000 $ 752.000 $ 1.697.000 $ 1.131.000 $ 1.132.013 $1.697.000 $ 2.243.061 $ 10.000 $ 133.000 $ 2.352.000 $ 2.325.788 $2.415.986 $ 5.000 $ 96.000 $11.000 $118.000 -$ 308.000 -$ 333.000 -$360.000 $ 3.416.000 $ 3.491.000 $2.507.000 $23.438.000 $20.877.000 $19.307.000 $ 1.575.000 $1.509.000 $1.528.000
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