The ceo of smart phone cases llc is preparing a loan

Assignment Help Accounting Basics

Reference no: EM13483851

The CEO of Smart Phone Cases, LLC is preparing a loan application to be used for expansion. Using the data below (only), prepare an Income Statement. Within this Income statement, include totals for Cost of Goods Sold, Gross Margin, Sales General, and Administrative, Earnings before Interest and Taxes, Pretax Income, and Net Income. Also compute the Profit Margin on Sales =Net Income / Revenue. Provide Spreadsheet.

Price each	$19.95
Quantity Sold	50,000
Production Labor Costs each unit	$8.25
Material Costs each unit	$2.00
Labor Overhead	35%	of labor
Marketing	$45,000
Depreciation	$8,000
Research and Development	$18,000
Administrative	$52,000
Interest Expense	$2,600
Taxes	25.0%	of pretax Income

Reference no: EM13483851

Questions Cloud

Consider how economic conditions affect the default risk : how the yield curve may respond to prevailing conditions.consider how economic conditions affect the default risk

Grippers expects to sell 8500 pairs of shoes for 180 each : preparing an operating budgetgrippers sells its rock-climbing shoes worldwide. grippers expects to sell 8500 pairs of

Consider the prevailing conditions for the following : forecasting interest rates based on prevailing conditions.consider the prevailing conditions for the following factors

What is the valuation of the bond if the market : you need to present to your client alice cartwright some investment options for her to choose from. her choices are

The ceo of smart phone cases llc is preparing a loan : the ceo of smart phone cases llc is preparing a loan application to be used for expansion. using the data below only

Suppose reeder corp has three divisions all using the : suppose reeder corp. has three divisions all using the warehouse pipes seals and flanges. the total warehousing cost

Examine and discuss the characteristics of npv and the role : in working out your responses to the discussion question you should choose examples from your own experience or find

Combining the following information compute the total : combining the following information compute the total amount of 1 cash flow from investing activities and 2 cash flow

Comment on any trends in the dataobtain a current issue of : obtain a current issue of the federal reserve bulletin or review of copy from the feds web site www.federalreserve.gov

User Account

All Pages