The management team at PSSS is looking toward the future. They want to maintain a gross profit margin of 50%. If the estimate for net sales in 2016 is $5 million, how much gross profit will be necessary for 2016 to maintain this ratio?
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How much gross profit will be necessary for 2016 to maintain this ratio?
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- Need help with this accounting questionBased on this information, create and solve a ratio analysis: In their most recent discussion with VP Finance, they were informed that total sales next year (2022) was expected to be $1,500,000. You should assume the same amount of turnover in 2022 as there was in the past 5 years. Number of new hires and turnover by year Year New Hires Turnover 2017 10 5 2018 20 7 2019 22 9 2020 25 12 2021 15 15 Sales per year Year Service Sales Product Sales 2017 $250,000 $ 200,000 2018 $350,000 $325,000 2019 $400,000 $450,000 2020 $550,000 $600,000 2021 $625,000 $675,000 How many employees need to be hired in 2022, show all calculationsSuppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 es es e $ 1,500,000 $ 1,750,000 $ 1,400,000 2019 $ 2,000,000 2020 $ 1,600,000 Output area: Next year's sales
- Hello, Please answer questions and show workSuppose a company has had the historic sales figures shown below. What would be the forecast for next years sales using the average approach?Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029? The answer is 3:10, however I am not sure how that is concluded. Thanks!
- Which is not an example of a well stated financial objective? Increase sales by 10% this year Reduce costs of good sold for next product launch in January 2022 Double our gross margin % by end of the year. Deliver 15% earnings growth in the 4th quarter of 2021Net Income for Company A is $200,000 in 2014, $300,000 in 2015, $400,000 in 2016, $500,000 in 2017, and $600,000 in 2018. The expected growth for all years after 2018 is 5%, the 90-Day T-Bill Rate is 20%, and the appropriate percentage above risk-free rate is 12%. Using this information, what is the reasonable value for Company A based on its future income stream for 2014 to 2018? A. 1,394,267.03 B. 4,394,267.03 A or B?The Blazer Company's EPS last year, EPSo, was $1.50. Blazer expects sales to increase by 15% during the coming year. If Blazer has a degree of operating leverage equal to 1.25 and a degree of financial leverage equal to 3.50, then what is its expected EPS or EPS₁? Hint: First, find DTL where DTL= DOL x DFL. Note: This is a web appendix 14A topic. O $2.48 O $2.87 O $2.02 O $1.66
- The TTF Corporation is trying to analyze how much financing it will need next year. With the recent economic recovery, more people are starting to purchase their products and thus TTF believes Sales will grow by 25% in 2024. They also believe that all assets and spontaneous liabilities will grow at the same rate as sales. TTF estimates its Net Profit Margin in 2024 will be 6% and it will pay out 40% of Net Income as a dividend. Use the below information to answer the following questions: Item 2023 Accounts Payable 200 Accounts Receivable 500 Accruals 500 Advertising Expense 750 Cash 1,500 Common Stock 1,500 Cost of Goods Sold 3,500 Depreciation Expense 300 Interest Expense 250 Inventory 800 Long Term Debt 1,000 Net Fixed Assets 3,200 Notes Payable 800 Retained Earnings 2,000 Sales 5,000 Taxes 50 The common size entry for Taxes in 2023 is 1 Outside Funds Needed in 2024 is $ 1100 %. (Input number only) (Input number only)on the pro forma income statement sales are expected to increase by 23%. If the net margin is expected to increase by 18% and net profit last year was 100 million, what is the net profit projected to be? A) 118 million. B)123 million. C )158 million D) 141 millionBased on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029?
