Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 42,600 Costs 33,100 Taxable income $ 9,500 Taxes (23%) 2,185 Net income $ 7,315 Dividends $ 2,100 Addition to retained earnings 5,215 The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant.

answer; (d) i believe that the correct answer is ; /// a new invention lowers the cost of production;

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; balance sheets;