Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar) Given forecasted sales of 2015 $6,500 The tax rate will be 40% In 2015, The company expected to distribute dividends of $750 in 2015, The interest rate on all interest-bearing loans Will be 5% annually in 2015. The company is not intending to make changes to its fixed assets a- b- C- d- e- 1- The forecasted cost of goods sold for 2015 is expected to be:
Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar) Given forecasted sales of 2015 $6,500 The tax rate will be 40% In 2015, The company expected to distribute dividends of $750 in 2015, The interest rate on all interest-bearing loans Will be 5% annually in 2015. The company is not intending to make changes to its fixed assets a- b- C- d- e- 1- The forecasted cost of goods sold for 2015 is expected to be:
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
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question: how much is the forcasted accounts receivable
for 2015 is expected to be
Transcribed Image Text:Problem 2:
Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015
using the percent of sales method, and the below additional given (Round numbers to the nearest dollar)
Given forecasted sales of 2015 $6,500
b The tax rate will be 40% In 2015
The company expected to distribute dividends of $750 in 2015
a-
C-
d-
The interest rate on all interest-bearing loane will be 5% annually in 2015,
e-
The company is not intending to make changes to its fixed assets
1- The forecasted cost of goods sold for 2015 is expected to be.
Transcribed Image Text:2014
2013
Lease expen se
55.00
55.00
Plant & Equipment
5,170.00
4,910.00
Long term debt
3,220.00
3,122.00
Common stock
1,550.00
1,300.00
Additional pald in capital
572.00
542.00
Accumulated depreciation
170.00
136.00
350.00
270.00
Land
Accounts Payable
380.00
300.00
Notes payable
44.00
25.00
Other current liabilities
242.00
211.00
Depreciation expense
34.00
30.00
Selling and G&A expenses
765.00
632.00
Sales
6,000.00
4,250.00
Cost of goods so ld
3,300.00
2,550.00
Fixed expenses
100.00
100.00
Interest expense
130.00
110.00
121.00
80.00
Cash
Accounts receivable
370.00
347.00
925.00
752.00
Inventory
758.00
723.00
Retained earnings
35%
35%
Tax rate
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