Scribd Logo
Upload

Welcome to Scribd!

  • Projected Income Statement: Triple A K Enterprises

    Uploaded by

    Andrew Neuber
    21 views2 pages
    Triple A K Enterprises projected that it will generate $400 in gross sales with no returns or allowances, resulting in $400 in net sales. It expects cost of goods sold of $185.60, resulting in gross profit of $214.40. Total operating expenses are projected to be $10 for selling expenses and $0 for general expenses, for total operating expenses of $10. This would result in net income before taxes of $204.40, with taxes of $20.44 and net income after taxes of $183.96.

    Original Description:

    income Statement

    Original Title

    Projeted Income Statement

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Triple A K Enterprises projected that it will generate $400 in gross sales with no returns or allowances, resulting in $400 in net sales. It expects cost of goods sold of $185.60, resulting in gross profit of $214.40. Total operating expenses are projected to be $10 for selling expenses and $0 for general expenses, for total operating expenses of $10. This would result in net income before taxes of $204.40, with taxes of $20.44 and net income after taxes of $183.96.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    21 views2 pages

    Projected Income Statement: Triple A K Enterprises

    Uploaded by

    Andrew Neuber
    Triple A K Enterprises projected that it will generate $400 in gross sales with no returns or allowances, resulting in $400 in net sales. It expects cost of goods sold of $185.60, resulting in gross profit of $214.40. Total operating expenses are projected to be $10 for selling expenses and $0 for general expenses, for total operating expenses of $10. This would result in net income before taxes of $204.40, with taxes of $20.44 and net income after taxes of $183.96.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Projected Income Statement

    Triple A K Enterprises
    For Period Ending ?

    Amount REVENUE Gross Sales Less sales returns and allowances Net Sales COST OF SALES Beginning inventory Plus goods purchased / manufactured Total Goods Available Less ending inventory Total Cost of Goods Sold Gross Profit OPERATING EXPENSES Selling Advertising Total Selling Expenses General Table Total General Expenses Total Operating Expenses Net Income Before Taxes Taxes on income Net Income After Taxes NET INCOME $400 0 $400

    % of Sales

    100%

    $0 185.60 $185.60 0 $185.60 $214.40

    0% 46% 46% 0% 46% 54%

    10 $10 0 $0 $10 $204.40 20.44 $183.96 $183.96

    3% 3% 0% 0% 3% 51% 5% 46% 46%

    Projected Income Statement


    Triple A K Enterprises
    For Period Ending ?

    Amount REVENUE Gross Sales $400 Less sales returns and allowances 0 Net Sales $400 COST OF SALES Beginning inventory $0 Plus goods purchased / manufactured 185.60 Total Goods Available $185.60 Less ending inventory 0 Total Cost of Goods Sold $185.60 Gross Profit $214.40 OPERATING EXPENSES Selling Advertising Total Selling Expenses General Table Total General Expenses Total Operating Expenses Net Income Before Taxes Taxes on income Net Income After Taxes NET INCOME

    % of Sales

    100%

    10 $10 0 $0 $10 $204.40 20.44 $183.96 $183.96

    You might also like