User Account

All Pages

Prepare the pro forma statements

Assignment Help Accounting Basics
Reference no: EM133054323

Question - Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):

Income Statement

Balance Sheet

Sales

$46,900

Assets

$22,700

Debt

$6,700

Costs

41,140

 

 

Equity

16,000

Net income

$5,760

Total

$22,700

Total

$22,700

The company has predicted a sales increase of 18 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements.

Reference no: EM133054323

Questions Cloud

Diagnosis of the current situation : Please follow these six steps when you summarize cases to hand-in for the course - identify relevant facts, identify critical issues and problems, theory applic
Describe three issues regarding general motors : Describe three issues regarding General Motors discussed in the case that appear to be hurting its performance. Using relevant theoretical tools and frameworks
Competitive analysis of snapchat-pinterest a : A competitive analysis of Snapchat & Pinterest vs Facebook, noting their market advantages, strengths, weaknesses, and strategic priorities.
Discussing the principles multi-national enterprises : Well-known international chocolate manufacturer Cadbury has chosen to locate one of its major manufacturing plants in Hobart, Tasmania - the smallest Australian
Prepare the pro forma statements : Assume the company pays out half of net income in the form of a cash dividend. Prepare the pro forma statements
Analyze the business-level strategies for the corporation : Analyze the business-level strategies for the corporation you chose to determine the business-level strategy you think is most important to the long-term succes
Achiving the millenium development goals : Your research project should explore the role of tourism in achiving the Millenium Development Goals (Select 2 MDGs of your choice)
Three rules of customer service : Which of the Three Rules of Customer Service did the business follow well? Give an example of each rule the business followed well.
Analysis of outsourcing enbridge : Analysis of outsourcing Enbridge Inc. strategic action that utilizes to strengthen its overall strategy. And please post the reference links.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much amortization expense is included in Shamrock income

The trade name has a remaining life of 5 years. How much amortization expense is included in Shamrock income for the year ended December 31, 2019

  How is the profit margin calculated

How is the profit margin calculated? Discuss its use in analyzing a company's performance. What is the purpose of closing entries

  Prepare a preliminary damages estimate

Using the information provided prepare a preliminary damages estimate and explain the basis for your opinion on each item.

  You have been assigned the task of testing the accuracy of

you have been assigned the task of testing the accuracy of the final inventory compilation for mt. hood furniture. you

  The company manufactures tennis rackets tennis balls tennis

love all is a fairly large manufacturing company located in the southern united states. the company manufactures tennis

  Calculate the cost per haircut

A local barbershop cuts the hair of 1,400 customers per month. During the month of May, 1,400 customers were serviced. Calculate the cost per haircut

  How does the federal income tax law treat this distribution

The corporation distributes $195,675 to its sole shareholder, Abby, whose stock basis is $39,135. How does the Federal income tax law treat this distribution

  Technical article document: frequent shopper program

Kudler Fine Foods (KFF) is a specialty food store chain in the San Diego, California. KFF contracted Smith Systems Consulting to develop the Frequent Shopper Program (FSP). FSP will monitor customer purchasing history and accumulate them as rede..

  Is trudy eligible for eic

Trudy lives with her two children (ages 16 and 12), and her filing status is Head of Household. Trudy's earned income and AGI was $31,000. Is Trudy eligible for

  Preparee all journal entries on garran books to record

Preparee all journal entries on Garran's books to record the acquisition. Cost of SEC registration, including accounting and legal fees 48,000

  Discuss the senator position

Discuss the Senator's position, giving consideration to tax rate structures (e.g., progressive, proportional, and regressive) and to the concepts of tax equity.

  Determine these three values for operations in year

A corporation wishes to establish, Determine these three values for operations in year 1: Net equity flow, the return on equity, the return of equity.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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