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question: how much is the forcasted fixed expenses amount for 2015 is expected to be?

question: how much is the forcasted fixed expenses amount for 2015 is expected to be?

Essentials Of Investments
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 fixed expenses amount for 2015 is expected to be?
2014 2013 Lease expense 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 paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 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 sold. 3,300.00 2,550.00 Fixed expenses 100.00 100.00 130.00 110.00 Interest expense Cash 121.00 80.00 370.00 347.00 Accounts receivable 925.00 52.00 Inventory 758.00 723.00 Retained earnings BS% 35% Tax rate
Transcribed Image Text:2014 2013 Lease expense 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 paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 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 sold. 3,300.00 2,550.00 Fixed expenses 100.00 100.00 130.00 110.00 Interest expense Cash 121.00 80.00 370.00 347.00 Accounts receivable 925.00 52.00 Inventory 758.00 723.00 Retained earnings BS% 35% Tax rate
* Required 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 $75017 2015. d- a- b- C- The interest rate on all interest-bearing loans will be 5%. annually in 2015 The company is not intending to make chhanges to ts fixed assets e- 1 The forecasted cost of goods sold for 2015 is expected to be:
Transcribed Image Text:* Required 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 $75017 2015. d- a- b- C- The interest rate on all interest-bearing loans will be 5%. annually in 2015 The company is not intending to make chhanges to ts fixed assets e- 1 The forecasted cost of goods sold for 2015 is expected to be:
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