INFORMATION Calder Enterprises Statement of Comprehensive income tor the year ended 31 December 2020 3445 000 Sales Cost of saies Gross profit Opereting epenses Income from operstions Interestespenie 1905 750 (1122 000) 783750 (900) Profe betore ta Income ta Proft aner ta 44 80 (191750) 493 092 Additional intormation: 1. Cost of sales is expected to be soN of sales. 2. Operating expenses win increase by 1. Interest expense wit incresse to Ria0 000. 4. The tax rete wit remain et 2a 12 Ue the intormation trom question (not your sotion) and cakculate the fotowing for the year ending December 2020: 3.21 Gres margin 1.22 Net profit margin 323 opereting margin 124 nterest coverage
INFORMATION Calder Enterprises Statement of Comprehensive income tor the year ended 31 December 2020 3445 000 Sales Cost of saies Gross profit Opereting epenses Income from operstions Interestespenie 1905 750 (1122 000) 783750 (900) Profe betore ta Income ta Proft aner ta 44 80 (191750) 493 092 Additional intormation: 1. Cost of sales is expected to be soN of sales. 2. Operating expenses win increase by 1. Interest expense wit incresse to Ria0 000. 4. The tax rete wit remain et 2a 12 Ue the intormation trom question (not your sotion) and cakculate the fotowing for the year ending December 2020: 3.21 Gres margin 1.22 Net profit margin 323 opereting margin 124 nterest coverage
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Please assist with 3.2
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MANCOSA: POSTGRADUATE DIPLOMA IN BUSINESS MANAGEMENT
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QUESTION 3
3.1 Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to determine
the sales needed to produce a profit after tax thet is 25% more than that for the year ending 31 December 2020.
(Where applicable round of amounts to the nearest rand)
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INFORMATION:
Calder Enterprises
Statement of Comprehensive Income for the year ended 31 December 2020
Edit PDF
R
3445 000
(3 539 250)
Sales
Cost of salies
Create PDF
Gross profit
Operating expenses
Income from operations
1905 750
(1122 000)
783 750
Interest expense
(98 900)
Profit before tax
Comment
634 850
(191 758)
493 092
Income tax
Profit after tax
A Combine Files
Additional intformation:
1. Cost of sales is expected to be 60% of sales.
2. Operating expenses will increase by 4%.
3. Interest expense will increase to R120 000.
4. The tax rate wit remain at 28%
E0 Organize Pages
3.2 Use the information from question 3.1 (not your solution) and calculate the folowing for the year ending 31
December 2020:
3.2.1 Gross margin
* Compress PDF
3.2.2 Net profit margin
3.2.3 Operating margin
2 Redact
3.2.4 Interest coverage
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PROGRAMME HANDBOOK: JANUARY 2021 INTAKE
21:47
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ENG
2021/09/11
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Expert Solution
Step 1
Income Statement:
It is a financial statement that includes the business incomes and expenses.
The profit and loss of a corporation can be determined from the income statement.
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