Business Homework Solutions
Problem
#40161

Financial statements

3. Use the Percentage Sales Method and a 20% increase in sales to forecast Apples' Consolidated Statement of Operations for the period September 26, 2004 through September 25, 2005. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.

4. Discuss your results from question number #3. What assumptions have you made? Do any of your assumptions seem unreasonable?

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CONSOLIDATED STATEMENT.pdf  View File

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CONSOLIDATED STATEMENT.pdf
Micro Chip Computer Corporation



Consolidated Statements of Operations For the period September 26, 2004 through
September 25, 2004


Sales $8,334.00
Cost of Sales $5,458.00
Gross Margin $2,876.00
Operating expenses:
R&D $525.00
Selling, General, and Administrative $691.00
In-process R & D ---------
Restructuring costs ---------
Total Operating Exp $1,216.00
Operating income $1,660.00
Total interest and other Income net $194.00
Income before provision for Income taxes $1,854.00
Provision for income Taxes (15%) $278.10
Net income $1,575.90

Solution Summary

The solution forecasts Consolidated Statement of Operations using Percentage Sales Method.

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Pushkal Kumar Pandey, MBA - 4.9/5
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