Question about percentage sales method which is attached

timer Asked: Feb 23rd, 2015

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

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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 ...
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