Percentage sales, management homework help

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Percentage sales, management homework help

  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?

September 25, 2008 Sales

$8,334.00

Cost of Sales

$5,458.00

Gross Margin

$2,876.00

Operating expenses:

R & D

$525.00

Selling, General, and Administrative

$691.00

In‐process R & D

‐‐‐‐‐‐‐‐‐

Restructuring costs

‐‐‐‐‐‐‐‐‐

Total Operating Exp

$1,216.00

Operating income

$1,660.00

Total interest and other Income net

$194.00

Income before provision for Income taxes

$1,854.00

Provision for income Taxes (15%)

$278.10

Net income

$1,575.90

 

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