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Question - Cumulative XYZ has sales of $4,800,000. COGS is 40%, operating expenses (excluding depreciation) are 35%, interest expense is 1% of sales, depreciation expense is $30,000. Tax rate 40%. Using the previous income statement as your base year construct a proforma income statement for 2022 using the percent of sales method. Growth 10%, Depreciation remains at $30,000. Answer the below question. What is the 2022 expected net profit?
Who are the users of financial and managerial accounting? What constraints are there within financial and managerial accounting reporting?
Determine and Plot the data in the order of the dates. (To earn full credit for this graph you must plot all required points for each curve. )
Determine examples of socially responsible businesses in business journals or online articles. Explain why you believe their actions are socially responsible.
What is the sunk cost in this situation? If these calculators are upgraded at a total cost of $10,000, they can be sold for a total of $30,000.
Assume a tax rate of 40 percent and those current losses can be used to offset taxable income in future years. What is the present value of tax savings related to the operating losses in years 1 and 2?
When they counted at the end, they found they had 200 bundles left. What would cost of goods sold be if they employed the FIFO method of inventory costing.
Kingdon Corporation manufacturing overhead includes $7.10, What is the predetermined overhead rate for the denominator level of activity of 4,600 machine-hours?
Describe the behavior of fixed and variable costs in total and on a per-unit basis with respect to units of activity
Actual Data Material 1/4 lb. @ $14 per pound and Materials purchased 1,600 lbs. for $13.70/pound. How much is the flexible budget for overhead
identify how it currently assigns costs to its products or services, and to its customers. A flowchart may be a good way to represent the present system.
The beginning inventory was 1010 chairs, and desired ending inventory is 2550 chairs. How many hours of direct labour must be budgeted to meet production needs?
Brunswick has determined that $50,000 of cost of goods sold and $166,000 of operating expenses are fixed. Compute the break-even volume in units
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