i am having issuewith 3 questions for my finance review. if you answer thequesti

Question

i am having issuewith 3 questions for my finance review. if you answer thequestion after i go to sleep i will award the points in the morning. iposted each question seporatly.

for those that cant see the picture for whatever reason

A proposed new investment has projected sales of $820,000. Variable costs are 60 percent of sales, and fixed costs are $171,000; depreciation is $72,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income? (Input all amounts as positive values.)

i need to know the following

Sales   Variable costs      Fixed costs      Depreciation      EBT   Taxes      Net income value: A proposed new investment has projected sales of $820,000. Variable costs are 60 percent of sales, and fixed costs are $171,000: depreciation is $72,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income? (Input all amounts as positive values.)

Explanation / Answer

Sales = $820,000

Variable costs = 0.6*820,000 = $492,000

Fixed costs = $171,000

Depreciation = $72,000

EBT = $820,000 - ($492,000 + $171,000 + $72,000)

= $85,000

Taxes = 0.30 * 85,000

= $25,500

Net Income = $59,500

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