Question about percentage sales method which is attached

Anonymous
timer Asked: Feb 23rd, 2015

Question Description

I’m working on a Statistics exercise and need support.

Next.docx   chart home.pdf

Unformatted Attachment Preview

Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008. Download the file here and answer questions 1 and 2. 1.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? Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Cost of Sales Gross Margin Operating expenses: R&D Selling, General, and Administrative In‐process R & D Restructuring costs Total Operating Exp Operating income Total interest and other Income net Income before provision for Income taxes Provision for income Taxes (15%) Net income $8,334.00 $5,458.00 $2,876.00 $525.00 $691.00 ‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐ $1,216.00 $1,660.00 $194.00 $1,854.00 $278.10 $1,575.90 ...
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors