Business, 09.10.2019 00:30 gwendallinesikes

The marketing department estimates that sales next year will be $1.5 million. interest expense is expected to remain unchanged at $35,000 and the firm plans to pay $70,000 in cash dividends next year. the income statement for last year appears on the next slide along with a breakdown of the firm’s cost of goods sold and operating expenses into their fixed and variable components. use the percent-of-sales method to prepare a pro forma income statement for next year. use fixed and variable data to develop a pro forma income statement for next year compare and contrast the statements developed in parts a) and b). which statement probably provides the better estimate of income for next year? explain why.

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The marketing department estimates that sales next year will be $1.5 million. interest expense is ex...

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