Use historic growth in total revenues from 2017 to 2017 to show the total revenue for 2019. Use historic rate of the total cost of revenue to total revenue to show total cost of revenue. 1Revenues2 Product revenues3 Service revenues4 Total revenues56 Product cost of revenues7Service cost of revenues8 Total cost of revenues9 Selling, general and administrative expenses10 Research and development expenses11 Restructuring and other costs, net12 Total costs and operating expenses13 Operating income14 Other expense, net15 Income from continuing operations before income taxes16 Income tax expense17 Income from continuing operations18 Loss from discontinued operations19 Net income20212223Costs and operating expenses24252627AReadyProduct RevenuesService RevenuesTotal RevenuesTotal cost of revenueSelling, general and administrative expensesSheet1+>Accessibility: InvestigateB2018$24,5287,13731,66512,5874,96517,5527,8741,2576526,7484,917-6774,2404213,819$3,819LA0$C2017$22,5864,60727,19311,6683,24414,9127,1551,15312623,3463,847-6903,1572612,896-4$2,89226,637 *11,056 *36,858 ✔0x5 *Q SearchD3FLGHSelling, general and administrative expensesResearch and development expensesRestructuring and other costs, netOther expense, netIncome tax expenseCJ24.9% of total revenues4.0% of total revenues$0No Change23% of pretax income:NKGE 1Revenues2 Product revenues3 Service revenues4 Total revenues56 Product cost of revenues7Service cost of revenues8 Total cost of revenues9 Selling, general and administrative expenses10 Research and development expenses11 Restructuring and other costs, net12 Total costs and operating expenses13 Operating income14 Other expense, net15 Income from continuing operations before income taxes16 Income tax expense17 Income from continuing operations18 Loss from discontinued operations19 Net income20212223Costs and operating expenses24252627AReadyProduct RevenuesService RevenuesTotal RevenuesTotal cost of revenueSelling, general and administrative expensesSheet1+>Accessibility: InvestigateB2018$24,5287,13731,66512,5874,96517,5527,8741,2576526,7484,917-6774,2404213,819$3,819LA0$C2017$22,5864,60727,19311,6683,24414,9127,1551,15312623,3463,847-6903,1572612,896-4$2,89226,637 *11,056 *36,858 ✔0x5 *Q SearchD3FLGHSelling, general and administrative expensesResearch and development expensesRestructuring and other costs, netOther expense, netIncome tax expenseCJ24.9% of total revenues4.0% of total revenues$0No Change23% of pretax income:NKGE

Budgeted financial statements are projected financial statements that provide estimates of a…

1 Revenues 2 Product revenues 3 Service revenues 4 Total revenues 5 6 Product cost of revenues 7 Service cost of revenues 8 Total cost of revenues 9 Selling, general and administrative expenses 10 Research and development expenses 11 Restructuring and other costs, net 12 Total costs and operating expenses 13 Operating income Costs and operating expenses 14 Other expense, net 15 Income from continuing operations before income taxes 16 Income tax expense 17 Income from continuing operations 18 Loss from discontinued operations 19 Net income 20 21 22 23 A 24 25 26 27 Ready Product Revenues Service Revenues Total Revenues Total cost of revenue Selling, general and administrative expenses Sheet1 + > Accessibility: Investigate B 2018 $24,528 7,137 31,665 12.587 4,965 17,552 7,874 1,257 65 26,748 4,917 -677 4,240 421 3,819 0 $3,819 $ C 2017 $22,586 4,607 27.193 11,668 3,244 14,912 7,155 1,153 126 23,346 3,847 -690 3,157 261 2,896 -4 $2,892 26,637 x 11,056 x 36,858 ✔ 0x 5 x D E F G Other expense, net Income tax expense H Selling, general and administrative expenses Research and development expenses Restructuring and other costs, net 1 J 24.9% of total revenues 4.0% of total revenues $0 No Change 23% of pretax income K +

1 Revenues 2 Product revenues 3 Service revenues 4 Total revenues 5 6 Product cost of revenues 7 Service cost of revenues 8 Total cost of revenues 9 Selling, general and administrative expenses 10 Research and development expenses 11 Restructuring and other costs, net 12 Total costs and operating expenses 13 Operating income Costs and operating expenses 14 Other expense, net 15 Income from continuing operations before income taxes 16 Income tax expense 17 Income from continuing operations 18 Loss from discontinued operations 19 Net income 20 21 22 23 A 24 25 26 27 Ready Product Revenues Service Revenues Total Revenues Total cost of revenue Selling, general and administrative expenses Sheet1 + > Accessibility: Investigate B 2018 $24,528 7,137 31,665 12.587 4,965 17,552 7,874 1,257 65 26,748 4,917 -677 4,240 421 3,819 0 $3,819 $ C 2017 $22,586 4,607 27.193 11,668 3,244 14,912 7,155 1,153 126 23,346 3,847 -690 3,157 261 2,896 -4 $2,892 26,637 x 11,056 x 36,858 ✔ 0x 5 x D E F G Other expense, net Income tax expense H Selling, general and administrative expenses Research and development expenses Restructuring and other costs, net 1 J 24.9% of total revenues 4.0% of total revenues $0 No Change 23% of pretax income K +

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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