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Jim's Espresso expects sales to grow by 10.0% next year. Using the following statements | and the percent of sales method, forecast a. Costs
Jim's Espresso expects sales to grow by 10.0% next year. Using the following statements | and the percent of sales method, forecast a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures) However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career Data table a. Costs The forecasted costs will be $ (Round to the neares Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Income Statement Balance Sheet Sales Costs Except Depreciation $200,000 (100,000) Assets Cash and Equivalents $15,000 EBITDA Depreciation $100,000 (6,000) Accounts Receivable 2,000 Inventories 4.000 EBIT $94,000 Total Current Assets $21,000 Interest Expense (net) (400) Property, Plant, and 10,000 Equipment Pre-tax Income $93,600 Total Assets $31,000 Income Tax (32.760) Net Income $60.840 Liabilities and Equity es Get more help Accounts Payable $1.500 Debt 4,000 Total Liabilities $5,500 Stockholders' Equity 25.500 Total Liablities and $31,000 Equity - X
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