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Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend 54.91 milion on TV radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $9 34 million this year and 87 34 million next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomochi's other products. As a result, sales of other products are expected to rise by $3.04 million each year. Kokomochis gross profit margin for the Mini Mochi Munch is 33%, and its gross profit margin averages 25% for all other products. The company's marginal corporate tan rate is 38% both this year and next year. What are the incremental earnings associated with the advertising campaign? Note: Assume that the company has adequate positive income to take advantage of the tax benefits provided by any net losses associated with this campaign. Calculate the incremental earnings for year 1 below. (Round to three decimal places.) Year 1 $ $ Incremental Earnings Forecast (5 million) Sales of Mini Mochi Munch Other Sales Cost of Goods Sold Gross Profit Selling General and Administrativ S S Enter any number in the edit fields and then continue to the next question his Question: 6 pts 20 of 32 (0 completo) This Test: 100 pts possible Kokomochris considering the launch of an advertising campaign for its latest dessert product, the Mini Moch MunchKokomochi plans to spend $491 million on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $9.34 milion this year and 87 34 milion next year. In addition, the company expects that now consumers who try the Mini Mochi Munch will be more likely to try Kokomochis other products. As a result, sales of other products are expected to rise by $3 04 million each year. Kokomochi's gross profit margin for the Mini Mochi Munch is 33%, and its gross profit margin averages 25% for all other products. The company's marginal corporate tax rate is 38% both this year and next year. What are the incremental earnings associated with the advertising campaign? Note: Assume that the company has adequate positive income to take advantage of the tax benefits provided by any net losses associated with this campaign Selling, General, and Administrative Depreciation $ EBIT $ Income Tax at 38% $ $ Incremental Earnings Calculate the incremental earnings for year 2 below: (Round to three decimal places.) Year 2 Enter any number in the edit fields and then continue to the next question Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch, Kokomochi plans to spend 54 91 milion on TV radio and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munich by $9 34 million this year and 37 34 milion next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomocht's other products. As a result, sales of other products are expected to rise by $3.04 million each year Kokomochi's gross profit margin for the Mini Mochi Munch is 33%, and its gross profit margin averages 25% for all other products. The company's marginal corporate tax rate is 38% both this year and next year. What are the incremental earnings associated with the advertising campaign? Note: Assume that the company has adequate positive income to take advantage of the tax benefits provided by any net losses associated with this campaign Year 2 Incremental Earnings Forecast ($ milion) Sales of Mini Mochi Munch $ Other Sales $ Cost of Goods Sold $ Gross Profit $ Selling, General, and Administrative $ Depreciation $ Enter any number in the edit fields and then continue to the next question 20 of 32 (0 complete) This Test: 100 pts p Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend 84 91 milion on radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $9.34 million this year and $7.34 milion year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomoch's other products. As a result, sales other products are expected to rise by $3.04 million each year Kokomochi's gross profit margin for the Mini Mochi Munch is 33%, and its gross profit margin averages 25% for all other products. The company's marginal corpo rate is 38% both this year and next year. What are the incremental earnings associated with the advertising campaign? Note: Assume that the company has adequate positive income to take advantage of the tax benefits provided by any net losses associated with this campaign Other Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Depreciation $ EBIT $ Income Tax at 38% Incremental Earnings $ $ S Enter any number in the edit fields and then continue to the next