Business, 22.09.2020 14:01 baby0905rodriguez
Consider the following income statement for the Heir Jordan Corporation:
HEIR JORDAN CORPORATION Income Statement
Sales $47,600
Costs 35,600
Taxable income $12,000
Taxes (30%) 3,600
Net income $8,400
Dividends $2,000
Addition to retained earnings 6,400
The projected sales growth rate is 18 percent.
Required:
Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant.
Answers: 1
Business, 22.06.2019 15:40, brookekolmetz
As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage
Answers: 1
Business, 22.06.2019 19:20, goofy44
Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm
Answers: 1
Business, 22.06.2019 20:30, Picklehead1166
Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?
Answers: 1
Consider the following income statement for the Heir Jordan Corporation:
HEIR JORDAN CORPORATION In...
History, 18.09.2019 10:30
Mathematics, 18.09.2019 10:30
English, 18.09.2019 10:30
Spanish, 18.09.2019 10:30
Arts, 18.09.2019 10:30
Physics, 18.09.2019 10:30