Aproposed new investment has projected sales of $585,000. variable costs are 44 percent of sales, and fixed costs are $187,000; depreciation is $51,000. prepare a pro forma income statement assuming a tax rate of 21 percent. what is the projected net income? (input all amounts as positive values.)

The projected Net Income is $70,784

Explanation:

The Pro- forma income Statement

Working Note:

Variable cost = Sales × 44%

= $585,000 × 44%

= $257,400

EBT (Earnings before Tax) = Sales - Variable cost - fixed cost - depreciation

= $585,000 - $257,400 - $187,000 - $51,000

= $89,600

Net Income = EBT × Tax rate

= $89,600 × 21%

= $70,784

steering wheels are always situated on the left side of the car.

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be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

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explanation:

a

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