Question
Year 2021 Year 2022 Operating revenues $ 41,115.38 $ 53,450.00 Operating expenses $ 41,780.00 $ 52,225.00 Operating income (loss). $ (664.62) $ 1,225.00 Nonoperating income
Year 2021 Year 2022
Operating revenues $ 41,115.38 $ 53,450.00
Operating expenses $ 41,780.00 $ 52,225.00
Operating income (loss). $ (664.62) $ 1,225.00
Nonoperating income (expense). $ (650.00) $ (650.00)
Income (loss) before income taxes $ (1,314.62) $ 575.00
Income tax provision (benefit) $ 394.38 $ (172.50)
Net income (loss) $ (920.23) $ 402.50
Operating revenues
A) The CEO and the CFO asked you to prepare the forecast for 2023. In order to prepare the forecast, they told you to base it on the existent past historical data. Based on your forecast, what will the net income be for 2023? (Round to the nearest integer) Answer?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started