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Only need F & G. F is NOT 4,407 or 4,547. Jim's Espresso...

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Accounting

Only need F & G. F is NOT 4,407 or 4,547.

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Jim's Espresso expects sales to grow by 10.2% next year. Using the following statements 1 and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during yol career. a. Costs The forecasted costs will be $ . (Round to the nearest dollar and enter all numbers as positive.) b. Depreciation The forecasted depreciation will be $ (Round to the nearest dollar and enter all numbers as positive.) c. Net Income The forecasted net income will be $ (Round to the nearest dollar.) d. Cash The forecasted cash will be $ - (Round to the nearest dollar.) e. Accounts receivable The forecasted accounts receivable will be $ (Round to the nearest dollar.) f. Inventory The forecasted inventory will be $ . (Round to the nearest dollar.)

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