Purchase Solution

Pro-Forma Income Statement

Not what you're looking for?

Ask Custom Question

Pro-Forma Income Statement
Silver Company has asked you to prepare a pro-forma income statement for the coming year.The following information is available:

Expected sales revenue . . . . . . . . . . . . . . . .. . . $1,240,000
Manufacturing costs:
Variable cost of goods sold . . . . . . . . . . . . . . 625,000
Fixed overhead . . . . . . . . . . . .. . . . . . 125,000
Selling expenses:
Variable expenses . . . . . . . . . . . . . . 140,000
Fixed expenses . . . . . . . . . . . . . . . 45,000
Administrative expenses:
Variable expenses . . . . . . . . . . . . 45,000
Fixed expenses . . . . . . . . . . . . . . 160,000
Other:
Interest expense . . . . . . . . . .. . . . 28,000
Income tax rate . . .. . . . . . . . . . . . . . . . 35%

Prepare a pro-forma contribution margin income statement for Silver Company.

Purchase this Solution

Solution Summary

This solution is comprised of Pro-Forma Income Statement for Silver Company.

Solution Preview

Pro-Forma Income Statement
Silver Company has asked you to prepare a pro-forma income statement for the coming year.The following information is available:

Expected sales revenue . . . . . . . . . . . . . . . .. . . $1,240,000
Manufacturing costs:
Variable cost of goods sold . . . . . . . . . . . . . . 625,000
Fixed overhead . . . . . . . . . . . .. . ...

Purchase this Solution


Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations