1. Construct a pro forma income statement for the first year and second year for the following assum

 

1.    Construct a pro forma income statement for the first year and second year for the following assumptions:

 

o    Units of Sales in Year 1: 100,000

 

o    Price per Unit: $10

 

o    Variable cost per unit: 30%

 

o    Fixed Costs: $120,000

 

o    Income taxes: 15%

 

o    Interest Expense: $200,000

 

o    In year 2, Price per unit increases to $11.50, and unit of sales increases by 3%, all other assumptions remain the same.

 

    • Posted: 4 years ago
    • Due: 05/01/2016
    • Budget: $3

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