The CEO of Smartphone Apps, LLC is preparing a loan application. Using the data

Question

The CEO of Smartphone Apps, LLC is preparing a loan application. Using the data below (only), prepare an Income Statement. Within this Income statement, include totals for Cost of Goods Sold, Gross Margin, Sales General, and Administrative, Earnings before Interest and Taxes, Pretax Income, and Net Income. Also compute the Profit Margin on Sales. Submit using a spreadsheet. Net Revenue $1,458,000 Production Labor Costs $385,444 Material Costs $247,500 Marketing $127,000 Depreciation $58,122 Research and Development $98,000 Administrative $258,300 Interest Expense $21,608 Taxes 25%

Explanation / Answer

IRR for project:

1.23.43%

2.25.56%

3.21.63%

4.20.58%

5. 17.06%

prefernce on IRR

2>1>3>4>5

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