Percentage Sales Method to Forecast Consolidated Statement of Operations
Not what you're looking for?
Consider Apple's Consolidated Statement of Operations for the year ended September 25, 1999 as shown in the attachment and answer the following problem:
Use the Percentage Sales Method and a 20% increase in sales to forecast Apples' Consolidated Statement of Operations for the period September 26, 1999 through September 25, 2000. Assume a 15% tax rate.
Purchase this Solution
Solution Preview
This question is worded a bit awkwardly, so I'm not surprised that you're confused. But really, it's not too complicated.
<br><br>
<br><br>You're given a set of numbers for Sept 26, 1998 to Sept 25, 1999, and are asked, based on these to figure out what they will be for the next year, given only the information that sales will increase by 20% and the tax rate stays the same.
<br><br>
<br><br>How do you figure this out? Percentage of sales. Basically, if your sales increase by 20%, your expenses will increase proportionally. So you need to figure out what the proportions are.
<br><br>
<br><br>I'm not going to do it for you, but here's what it will look like in the end.
<br><br>
<br><br>...............................................1999.......% of ...
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.