Assume that the forecasted cost of goods sold is $800,000, budgeted selling and administrative expenses are $320,000, planned capital expenditures are $320,000, and the tax rate is 40 percent. What is the forecasted net income if each unit will sell for $150 and the sales forecast is for 15,000 units to be sold?
a. $678,000
b. $452,000
c. $805,000
d. $483,000
A
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Creative Products Inc incurred the following costs (in alphabetical order) during 2012 related to one of its products: Administrative costs $ 2,000 Advertising costs 1,000 Direct material used 8,000 Direct labor 20,000 Factory equipment depreciation
1,000 Factory rent 5,000 Indirect labor 3,000 Indirect materials 2,000 During the year, 3,000 units were produced out of which 2,750 units were sold for $30 each. Required: A. Calculate the total product costs incurred for the year. B. What is the product cost per unit? C. What is cost of goods sold for the year? D. What is net operating income for the year? (Ignore taxes)
What does legitimacy mean within the framework of the seven elements for a successful negotiation? What are some considerations for ensuring negotiations are "legitimate"?
What will be an ideal response?
Examples of environmentally friendly products include products ______.
A. that are biodegradable B. that contain materials from fossil fuels C. with large carbon footprints D. that require large amounts of inventory
For a project with one initial cash outflow followed by a series of positive cash inflows, the modified IRR (MIRR) method involves compounding the cash inflows out to the end of the project's life, summing those compounded cash flows to form a terminal value (TV), and then finding the discount rate that causes the PV of the TV to equal the project's cost.
Answer the following statement true (T) or false (F)