Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the numbers above make two year out projections using the percent of sales technique. Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec.

image text in transcribed

Using the numbers above make two year out projections using the percent of sales technique.

Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 2019 High 2020 High 2019 Low 2020 Low $ $ $ 43,052 $ 1,010 $ 44,062 $ 44,714 $ 894 $ 45,608 $ 31,930 $ 805 32,735 $ 28,454 $ 729 29,183 $ 33,705 $ 779 $ 34,484 $ 38,126 878 39,004 Sales and other operating revenues: Trade Related parties Sales revenue net Operating costs and expenses: Cost of sales Selling, general and administrative expense Research and development expense Costs and expenses Operating income $ $ $ $ $ 37,940 $ 870 $ 150 $ 38,960 $ 5,102 $ 38,939 $ 806 $ 127 S 39,872 $ 5,736 $ 25,683 $ 828 $ 102 26,613 $ 6,122 $ 23,191 $ 833 $ 99 24,123 $ 5,060 $ 28,059 S 859 $ 106 $ 29,024 $ 5,460 $ 32,529 1,129 115 33,773 5,231 (310) $ 33 $ (360) 45 Interest expense Interest income Other income, net Income from continuing operations before equity investments and income taxes $ $ $ $ (309) $ 15 $ (15) $ 4,793 $ (352) $ 33 $ 38 $ 5,455 $ (322) $ 17 $ 111 4,866 $ (491) $ 24 $ 179 $ 5,172 $ 25 106 5,022 5,870 $ $ Income from equity investments Income from continuing operations before income taxes 203 $ 4,996 $ 257 $ 5,712 $ 339 $ 6,209 $ 367 $ 5,233 $ 321 5,493 $ $ 289 5,311 1386 Provision for income taxes Income from continuing operations Loss from discontinued operations, net of tax Net income Net (income) loss attributable to non-controlling interests Net income attributable to LyondellBasell Industries N.v. Dividends on A. Schulman Special Stock Net income attributable to the Company shareholders $ $ $ $ 1,136 $ 3,860 $ (7) $ 3,853 $ 4 $ 1,540 $ 4,172 $ (4) $ 4,168 $ 6 $ 1,730 4,479 $ (5) $ 4,474 $ 2 $ 3,847 $ (10) $ 3,837 $ (1) $ 598 $ 4,895 $ (18) $ 4,877 $ 2 $ 613 4,698 (8) 4,690 (2) $ 3,857 $ 4,174 $ 4,476 $ 3,836 $ 4,879 $ 4,688 Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 2019 High 2020 High 2019 Low 2020 Low $ $ $ 43,052 $ 1,010 $ 44,062 $ 44,714 $ 894 $ 45,608 $ 31,930 $ 805 32,735 $ 28,454 $ 729 29,183 $ 33,705 $ 779 $ 34,484 $ 38,126 878 39,004 Sales and other operating revenues: Trade Related parties Sales revenue net Operating costs and expenses: Cost of sales Selling, general and administrative expense Research and development expense Costs and expenses Operating income $ $ $ $ $ 37,940 $ 870 $ 150 $ 38,960 $ 5,102 $ 38,939 $ 806 $ 127 S 39,872 $ 5,736 $ 25,683 $ 828 $ 102 26,613 $ 6,122 $ 23,191 $ 833 $ 99 24,123 $ 5,060 $ 28,059 S 859 $ 106 $ 29,024 $ 5,460 $ 32,529 1,129 115 33,773 5,231 (310) $ 33 $ (360) 45 Interest expense Interest income Other income, net Income from continuing operations before equity investments and income taxes $ $ $ $ (309) $ 15 $ (15) $ 4,793 $ (352) $ 33 $ 38 $ 5,455 $ (322) $ 17 $ 111 4,866 $ (491) $ 24 $ 179 $ 5,172 $ 25 106 5,022 5,870 $ $ Income from equity investments Income from continuing operations before income taxes 203 $ 4,996 $ 257 $ 5,712 $ 339 $ 6,209 $ 367 $ 5,233 $ 321 5,493 $ $ 289 5,311 1386 Provision for income taxes Income from continuing operations Loss from discontinued operations, net of tax Net income Net (income) loss attributable to non-controlling interests Net income attributable to LyondellBasell Industries N.v. Dividends on A. Schulman Special Stock Net income attributable to the Company shareholders $ $ $ $ 1,136 $ 3,860 $ (7) $ 3,853 $ 4 $ 1,540 $ 4,172 $ (4) $ 4,168 $ 6 $ 1,730 4,479 $ (5) $ 4,474 $ 2 $ 3,847 $ (10) $ 3,837 $ (1) $ 598 $ 4,895 $ (18) $ 4,877 $ 2 $ 613 4,698 (8) 4,690 (2) $ 3,857 $ 4,174 $ 4,476 $ 3,836 $ 4,879 $ 4,688

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

Cost Accounting Principles And Managerial Applications

Authors: Gerald R. Crowningshield

3rd Edition

0395178371, 978-0395178379

More Books

Students also viewed these Accounting questions

Question

atex

Answered: 1 week ago

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago