Business, 06.05.2021 16:10 WritingStar1313
Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has asked for your guidance on how to prepare an income statement format that will be distributed to management. Subtotals and totals are included in the information, but you will need to calculate the values.
Pretax income ?
Gross profit ?
Allocated costs (uncontrollable) $2,040
Labor expense 41,580
Sales 188,000
Research and development (uncontrollable) 315
Depreciation expense 16,000
Net income/(loss) ?
Cost of goods sold 118,440
Selling expense 1,260
Total expenses ?
Marketing costs (uncontrollable) 780
Administrative expense 700
Income tax expense (21% of pretax income) ?
Other expenses 310
Required:
Calculate the profit margin, return on investment, and residual income. Assume an investment base of $100,000 and 6% cost of capital.
Answers: 3
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Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an...
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