Sales Revenue should increase by 2% in 2021; 3% in 2022 and decreased by 3% in 2023 and remains the same on 2024. Cost of Sales increased to 4 576 000 in 2021 and increased by 2% for the next TWO years and increased by 19% for the last year of projection. Operating Expenses will only increase in 2021 and 2024 by 2%. -Income Tax Rate is 30%. 2022 2023 2024 2020 (ACTUAL) 2021 9 345 255 10. 17. 24. 3. SALES 25. 18. 3 445 554 4. 11. LESS: COSTS OF SALES 26. 19. 12. 5 899 701 5. GROSS PROFIT 27. 20. 13. 6. 4 140 000 LESS: OPERATING EXPENSES 28. 21. 14
Sales Revenue should increase by 2% in 2021; 3% in 2022 and decreased by 3% in 2023 and remains the same on 2024. Cost of Sales increased to 4 576 000 in 2021 and increased by 2% for the next TWO years and increased by 19% for the last year of projection. Operating Expenses will only increase in 2021 and 2024 by 2%. -Income Tax Rate is 30%. 2022 2023 2024 2020 (ACTUAL) 2021 9 345 255 10. 17. 24. 3. SALES 25. 18. 3 445 554 4. 11. LESS: COSTS OF SALES 26. 19. 12. 5 899 701 5. GROSS PROFIT 27. 20. 13. 6. 4 140 000 LESS: OPERATING EXPENSES 28. 21. 14
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
Problem 1EP
Related questions
Question
for 2024
![1. Sales Revenue should increase by 2% in 2021; 3% in 2022 and decreased by 3% in 2023 and remains the same on 2024.
2. Cost of Sales increased to 4 576 000 in 2021 and increased by 2% for the next TWO years and increased by 1% for the last year of projection.
3. Operating Expenses will only increase in 2021 and 2024 by 2%.
4. Income Tax Rate is 30%.
2020 (ACTUAL)
2021
2022
2023
2024
SALES
9 345 255
3.
10.
17.
24.
LESS: COSTS OF SALES
3 445 554
4.
11.
18.
25.
GROSS PROFIT
5 899 701
5.
12.
19.
26.
20.
27.
4 140 000
6.
13.
LESS: OPERATING
EXPENSES
28.
21.
14.
1 759 701
7.
29.
NIBT
22.
15.
1.
527910.3
8.
30.
23.
LESS: INCOME TAX
16.
9.
2.
1231790.7
NIAT](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe60adbd0-7e29-405d-a6a0-d7be5526202b%2Fb83d5833-9e1e-43e4-a18d-a018fc7bf8b3%2F6rboeec_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Sales Revenue should increase by 2% in 2021; 3% in 2022 and decreased by 3% in 2023 and remains the same on 2024.
2. Cost of Sales increased to 4 576 000 in 2021 and increased by 2% for the next TWO years and increased by 1% for the last year of projection.
3. Operating Expenses will only increase in 2021 and 2024 by 2%.
4. Income Tax Rate is 30%.
2020 (ACTUAL)
2021
2022
2023
2024
SALES
9 345 255
3.
10.
17.
24.
LESS: COSTS OF SALES
3 445 554
4.
11.
18.
25.
GROSS PROFIT
5 899 701
5.
12.
19.
26.
20.
27.
4 140 000
6.
13.
LESS: OPERATING
EXPENSES
28.
21.
14.
1 759 701
7.
29.
NIBT
22.
15.
1.
527910.3
8.
30.
23.
LESS: INCOME TAX
16.
9.
2.
1231790.7
NIAT
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