Paige company has completed all of its operating budgets

Assignment Help Accounting Basics
Reference no: EM13569408

Paige Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,000,000. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $300,000. Income taxes are estimated to be $150,000. Prepare a budgeted income statement for the year ending December 31, 2011. (Enter all amounts as positive amounts and subtract where necessary.)

PAIGE COMPANY
Budgeted Income Statement

For the Year Ending December 31, 2011

pixel.gif

pixel.gif

Net income

$ pixel.gif

Reference no: EM13569408

Questions Cloud

Use the security market line equation and concepts to : use the security market line equation and concepts to respond to the following questionsthe risk free rate of return in
What would you list as five important variables to look at : q1 what programs would you suggest be in place to help law enforcement officers and forensic scientists better
Last year bizmart had credit sales of 32 million and a net : last year bizmart had credit sales of 32 million and a net profit margin of 8. if bizmart had accounts receivable of
It is important to properly classify and report current and : it is important to properly classify and report current and long-term liabilities because they affect liquidity. refer
Paige company has completed all of its operating budgets : paige company has completed all of its operating budgets. the sales budget for the year shows 50000 units and total
If the equipment is sold at the end of its fourth year for : zippy corporation just purchased computing equipment for 25000. the equipment will be depreciated using a five year
Wat is the annual return on his investment convert this : mr. darden sold his house for 165000. he bought it for 55000 nine years ago. what is the annual return on his
Compare the net cash providedused from operations to the : company bank of america1. which method of reporting cash flows from operations does the company use? 2. compare the net
The first pillar the shahadah says there is no god but god : q1. the first pillar the shahadah says there is no god but god and muhammad is the messenger of god. since islam

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd