Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. Utilice el metodo de porcentaje de ventas para preparar un estado de ingresos y gastos pro forma para el ano terminado el 31 de

image text in transcribed
5. Utilice el metodo de porcentaje de ventas para preparar un estado de ingresos y gastos pro forma para el ano terminado el 31 de diciembre de 2019, para Hennesaw Lumber, Inc. Hennesaw Lumber, Inc. estima que sus ventas en 2019 seran de $4,500,000. El gasto en intereses se mantendra sin cambios en $105,000 y la firma planea pagar dividendos en efectivo de $150,000 durante 2019. El estado de ingresos y gastos de Hennesaw Lumber, Inc. para el ano terminado el 31 de diciembre de 2018 se muestra a continuacion. (10 puntos) Income Statement Hennesaw Lumber, Inc. For the Year Ended December 31, 2018 Sales Revenue $4,200,000 Less: Cost of goods sold 3,570,000 Gross profits $ 630,000 Less: Operating expenses 210,000 Operating profits $ 420,000 Less: Interest expense 105,000 Net profits before taxes $ 315,000 Less: Taxes (21%) 66,150 Net profits after taxes $ 248,850 Less: Cash dividends 120,000 To: Retained earnings $ 128,850

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus And Its Applications Expanded Version

Authors: Marvin L Bittinger, David J Ellenbogen, Scott J Surgent

1st Edition

0321882512, 9780321882516

More Books

Students also viewed these Mathematics questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago