Description of this paper

Accounting Problem - Construct a pro forma income statement

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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: 110,000Price per Unit: $11Variable cost per unit: 30%Fixed Costs: $125,000Income taxes: 15%Interest Expense: $200,000In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same.

 

Paper#44530 | Written in 18-Jul-2015

Price : $22
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