Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do you forecast General and administrative expenses for an income statmenent for example: How would I find SG&A for 2006? Income Statement 2002 2003

How do you forecast General and administrative expenses for an income statmenent for example: How would I find SG&A for 2006?

Income Statement 2002 2003 2004 2005
Revenue 128,979 143,560 161,863 185,815
Cost of Goods Sold 100,857 111,203 125,756 144,594
Gross Margin 28,122 32,357 36,107 41,221
G&A Charges 12,482 13,685 18,131 17,327
EBIT 15,639 18,672 17,976 23,894
Interest 4,537 6,150 5,964 5,695
Earnings After Interest 11,102 12,522 12,012 18,199
Tax 3,882 4,288 4,312 6,210
Net Income 7,220 8,234 7,700 11,989

2006:

Expected Forecast
Yards Sold (thousands) 2,200
Average Price Per Yard $95.36
Average Cost Per Yard $75.59
Capital Expenditure 16,000
Depriciation 7,500
Income Statement
Revenue 209,792
Cost of Goods Sold 166,298
Gross Margin 43,494
General & Administrative
EBIT
Interest
Tax
Net Income

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_2

Step: 3

blur-text-image_3

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

Forecasting Principles And Practice

Authors: Rob J Hyndman, George Athanasopoulos

3rd Edition

0987507133, 978-0987507136

More Books

Students also viewed these Finance questions

Question

b. A workshop on stress management sponsored by the company

Answered: 1 week ago