Major Manuscripts, Inc.
2012 Income Statement
Net sales $7,800
Cost of goods sold 6,865...
Major Manuscripts, Inc.
2012 Income Statement
Net sales $7,800
Cost of goods sold 6,865
Depreciation 210
Earnings before interest and taxes $ 725
Interest paid 31
Taxable Income $ 694
Taxes 284
Net income $410
Dividends $ 187
Major Manuscripts, Inc.
2012 Balance Sheet
2012 2012
Cash $ 2,400
Accounts payable $ 1,550
Accounts rec. 880
Long-term debt 300
Inventory 2,700
Common stock $ 3,100
Total $ 5,980
Retained earnings 4,430
Net fixed assets 3,400
Total assets $ 9,380
Total liabilities & equity $ 9,380
Major Manuscripts, Inc., is currently operating at maximum capacity. All costs, assets, and current liabilities vary directly with sales. The tax rate and the dividend payout ratio will remain constant. In 2013, no new equity will be raised and sales are projected to increase by 10 percent. Construct the pro formas for 2013 and answer the following questions (show your work!).
Projected total assets= $
Projected retained earnings= $
Additional new debt required= $
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:00, janiyaf8941
The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.
Answers: 3
Business, 22.06.2019 08:00, connermichaela
Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.
Answers: 2
Business, 22.06.2019 19:30, hmae2304
Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery
Answers: 3
You know the right answer?
Questions in other subjects:
Mathematics, 18.05.2021 02:50
Chemistry, 18.05.2021 02:50
