Insert the appropriate values in each row. Sales Cost of goods sold Gross profit Selling expenses...
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Insert the appropriate values in each row. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expense Income from operations Other income Income before tax and interest Other expense (interest) Income before income tax Previous Fiscal Year 24-Month Projections $2,740,000,00 $ $7,268,000,00 $ $ $ 2,831,000,00 $2,775,000,000 $2,775,000,000 $ $ $ 10,043,000,000 $ $49,000,000 $ $- $ $52,000,000 $ $(227,842) $ $ 52,000,000 $ $ $ Income tax expense Net income $3,000,000 $ 49,000,000,000 Explanation of Assumptions The estimated total income for the next 24 months is expected to be $9285, and the estimated total revenue for the year is expected to be $111420. Knowing this, we can divide the customers into three groups and determine their recurring revenue on a monthly and annual basis using the information. To project the revenue for the next 24 months, we can simply multiply the monthly revenue by the number of months Insert the appropriate values in each row. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expense Income from operations Other income Income before tax and interest Other expense (interest) Income before income tax Previous Fiscal Year 24-Month Projections $2,740,000,00 $ $7,268,000,00 $ $ $ 2,831,000,00 $2,775,000,000 $2,775,000,000 $ $ $ 10,043,000,000 $ $49,000,000 $ $- $ $52,000,000 $ $(227,842) $ $ 52,000,000 $ $ $ Income tax expense Net income $3,000,000 $ 49,000,000,000 Explanation of Assumptions The estimated total income for the next 24 months is expected to be $9285, and the estimated total revenue for the year is expected to be $111420. Knowing this, we can divide the customers into three groups and determine their recurring revenue on a monthly and annual basis using the information. To project the revenue for the next 24 months, we can simply multiply the monthly revenue by the number of months
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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