A proposed new investment has projected sales of $515,000. Variable costs are 38 percent of sales, and fixed costs are $131,500; depreciation is $51,250. Prepare a pro forma income statement assuming a tax rate of 25 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.) Sales $ 515,000 Variable costs 221,450 Fixed costs Depreciation 53,500 EBT $ 104,050 Taxes 24,972 Net income $ 79,078

A:

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

A: Extraordinary things vs. Nonrecurring Items: an summaryExtraordinary things area unit gains or…

A: Equivalent unit of production is multiplied by cost per equivalent unit to compute the assignment of…

A: Answer: A pre-emptive right is a benefit that can be granted to other owners in a company that gives…

A:

A: Preemptive rights means the rights to  be offered to purchase a property before it is offered to…

A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

A: Rebalancing is the strategy for realigning portfolio weightings. Rebalancing incorporates buying or…

A: C corporation is the corporation that is taxed separately from its owners or shareholders.  In other…

A:

A: Income statement: The financial statement which reports revenues and expenses from business…

A: The question is a follow-up question, and, the learner has reposted it to clear the confusion so…

A: In general, a "eligible rollover distribution" is any payment paid in a lump sum or over a period of…

A: Here,Quarter Dividend is $1.50Growth Rate is 6.25%Required Return is 9%Quarterly Required Return is…

A: The T1 personal tax return is the tax return form required to be filed by all taxpayers in Canada.…

A: Accounting error: Accounting errors can be defined as omission of the fundamental accounting…

A: APT is an abbreviation used for arbitrage Pricing Theory whereas CAPM is an acronyms used for…

A: The Internal Revenue Service requires most payments of interest income to be reported on tax form…

A: Net position is the position which has been determined to the government so that the position of the…

A: Preemptive Rights: It is a contractual clause that gives the shareholders right or allows them to…