Percentage sales, management homework help
- Use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip’s Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure. 2. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?
|
September 25, 2008 Sales |
$8,334.00 |
|
Cost of Sales |
$5,458.00 |
|
Gross Margin |
$2,876.00 |
|
Operating expenses: |
|
|
R & D |
$525.00 |
|
Selling, General, and Administrative |
$691.00 |
|
In‐process R & D |
‐‐‐‐‐‐‐‐‐ |
|
Restructuring costs |
‐‐‐‐‐‐‐‐‐ |
|
Total Operating Exp |
$1,216.00 |
|
Operating income |
$1,660.00 |
|
Total interest and other Income net |
$194.00 |
|
Income before provision for Income taxes |
$1,854.00 |
|
Provision for income Taxes (15%) |
$278.10 |
|
Net income |
$1,575.90 |
