Description of this paper

Construct a pro forma income statement for the first year and second year for the following assumptions:

Description

solution


Question

Question;1. Construct a pro forma income statement for the first year and;second year for the following assumptions;?Units of;Sales in Year 1: 110,000.;?Price per;Unit: $11.;?Variable;cost per unit: 25%.;?Fixed;Costs: $129,000.;?Income;taxes: 20%.;?Interest;Expense: $170,000.;?In year 2;Price per unit increases to $13.50, and unit of sales increases by 4%, all;other assumptions remain the same..

 

Paper#37900 | Written in 18-Jul-2015

Price : $22
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