Complete the table below considering the following information: Gross Sales increases by 1.5% in 2021, 3.5% in 2022, 6% in 2023, and 10% in 2024. The Gross Profit is 42%. > Operating expenses is 7% of Gross Sales. Tax expense is 30% 2020 (ACTUAL) 2021 2022 2023 2024 Gross Sales P160 000 3. 10. 17. 24. Less: Cost of Sales P92 800 4. 11. 18. 25. Gross Profit P67 200 5. 12. 19. 26. Less: Operating Expenses P11 200 6. 13. 20. 27. Net Income Before Tax P56 000 7. 14. 21. 28. Income Tax Expenses 1. 15. 22. 29. Net Income After Tax 2. 9. 16. 23. 30. 8.
Complete the table below considering the following information: Gross Sales increases by 1.5% in 2021, 3.5% in 2022, 6% in 2023, and 10% in 2024. The Gross Profit is 42%. > Operating expenses is 7% of Gross Sales. Tax expense is 30% 2020 (ACTUAL) 2021 2022 2023 2024 Gross Sales P160 000 3. 10. 17. 24. Less: Cost of Sales P92 800 4. 11. 18. 25. Gross Profit P67 200 5. 12. 19. 26. Less: Operating Expenses P11 200 6. 13. 20. 27. Net Income Before Tax P56 000 7. 14. 21. 28. Income Tax Expenses 1. 15. 22. 29. Net Income After Tax 2. 9. 16. 23. 30. 8.
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
Problem 1EP
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It’s entrepreneurship not Accounting!! Please answer all of this.thank you so muchhh
![Complete the table below considering the following information:
Gross Sales increases by 1.5% in 2021, 3.5% in 2022, 6% in 2023, and 10% in 2024.
> The Gross Profit is 42%.
> Operating expenses is 7% of Gross Sales.
Tax expense is 30%
2020 (ACTUAL)
2021
2022
2023
2024
Gross Sales
P160 000
3.
10.
17.
24.
Less: Cost of Sales
P92 800
4.
11.
18.
25.
Gross Profit
P67 200
5.
12.
19.
26.
Less: Operating Expenses
P11 200
13.
20.
27.
Net Income Before Tax
P56 000
7.
14.
21.
28.
Income Tax Expenses
1.
8.
15.
22.
29.
Net Income After Tax
2.
9.
16.
23.
30.
6.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52303396-8793-448d-9f9c-777c580dfb18%2F45de74e9-400d-4e94-ab5b-6190aac30fb8%2Fb1p8mxs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete the table below considering the following information:
Gross Sales increases by 1.5% in 2021, 3.5% in 2022, 6% in 2023, and 10% in 2024.
> The Gross Profit is 42%.
> Operating expenses is 7% of Gross Sales.
Tax expense is 30%
2020 (ACTUAL)
2021
2022
2023
2024
Gross Sales
P160 000
3.
10.
17.
24.
Less: Cost of Sales
P92 800
4.
11.
18.
25.
Gross Profit
P67 200
5.
12.
19.
26.
Less: Operating Expenses
P11 200
13.
20.
27.
Net Income Before Tax
P56 000
7.
14.
21.
28.
Income Tax Expenses
1.
8.
15.
22.
29.
Net Income After Tax
2.
9.
16.
23.
30.
6.
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