Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i NEED THE FORMULA YOU PUT IN EXCEL TO GET THE ANSWER. NOT JUST THE ANSWER Here are the instructions for the Income Statement forecast

i NEED THE FORMULA YOU PUT IN EXCEL TO GET THE ANSWER. NOT JUST THE ANSWERimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Here are the instructions for the Income Statement forecast Forecast the Income statement for Yoyodyne Propulsion systems: Total 11pts) 1) Use the TREND function to forecast the new period sales (3 pts) 2) Use Long Term Average Percent of Sales to forecast Cost of Sales and Selling, General & Administration Expenses (2 pts each) 3) In the Assumptions area, calculate Depreciation and Interest Expense. Assume last year's expense plus any change you need to calculate in the Assumptions area. (1 pts each) 4) Assume Other Income, Net as the same as 2013 and Preferred Dividends wi be the same 5) Additional Debt rate will be 12% and Tax Rate is 30% 6) Assume an increase of 10% in Dividends per Common Share over last year. Here are the instructions for the Income Statement forecast Forecast the Income statement for Yoyodyne Propulsion systems: Total 11pts) 1) Use the TREND function to forecast the new period sales (3 pts) 2) Use Long Term Average Percent of Sales to forecast Cost of Sales and Selling, General & Administration Expenses (2 pts each) 3) In the Assumptions area, calculate Depreciation and Interest Expense. Assume last year's expense plus any change you need to calculate in the Assumptions area. (1 pts each) 4) Assume Other Income, Net as the same as 2013 and Preferred Dividends wi be the same 5) Additional Debt rate will be 12% and Tax Rate is 30% 6) Assume an increase of 10% in Dividends per Common Share over last year

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

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

10th Edition

0131457349, 978-0131457348

More Books

Students also viewed these Accounting questions

Question

What can any retailer learn from this case? Explain.

Answered: 1 week ago

Question

SARA Title I was an unusual legislative step. Discuss.

Answered: 1 week ago

Question

What factors in Nooyis Five C model facilitate employee trust?

Answered: 1 week ago