Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please calculate the projected financial informati

Please calculate the projected financial information for 2019E & 2020E. The growth rate is 21%....

90.2K

Verified Solution

Question

Accounting

Please calculate the projected financial information for 2019E & 2020E. The growth rate is 21%.

Revenue 2017A 2018A 2019E 2020E
Total Revenue $7,766,000 $7,782,000
Cost of Revenue $4,299,000 $4,445,000
Gross Profit $3,467,000 $3,337,000
Operating Expenses
Selling General and Administrative $2,303,000 $2,382,000
Total Operating Expenses $6,760,000 $7,000,000
Operating Income or Loss $1,006,000 $782,000
Incoming from Continuing Operations
Total Other Income/Expenses Net ($2,000) ($204,000)
Earnings Before Interest and Taxes $1,006,000 $782,000
Interest Expense ($11,000) ($12,000)
income Before Tax $1,004,000 $578,000
Income Tax Expense $340,000 $294,000
Net Income From Continuing Ops $664,000 $284,000
Net Income per Common Share - Basic 4.91 2.22
Net Income Applicable to Common Shares $134,000 $127,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

On December 18th, there is a 75% chance that Santa willcome to the mall that...

Advance Math
1.2K views

Define 1). homogeneous function 2). Euler's theorem 3). le chatelier's principle 4). young's theory

Biology
1.2K views

Great care must be taken during collection of the recipient s blood to ensur positive...

Basic Math
1.2K views

If 0 5TT 2 6 sin 0 cos 0 then Give exact values No decimals...

Basic Math
1.2K views

The probability for success of an event is P(A), and the probability of success of...

Algebra
1.2K views

a Find f g x f g x 10x 5 5x 2 Simplify your answer...

Algebra
1.2K views

Simplify the expression by combining any like terms 5p 6p 5p 6p

Accounting
1.2K views

1. An umbrelia manufacturer has three departments for production....

Accounting
1.2K views

The stockholders' equity will increase as a result of the: a. issue of common stock....

Accounting
1.2K views

This Question: 1 pt Which variance deals with how many hours are used to make...

Accounting
1.2K views

The following transactions took place at Five Flags Amusement Park during May. Five Flags Amusement...

Finance
1.2K views

Borrowing on January 1, 2019, the borrower agreed to repay the loan in three equal...