Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a forecast using a percentage of sales model expec

A forecast using a percentage of sales model expects sales to increase by 5% over...

50.1K

Verified Solution

Question

Accounting

A forecast using a percentage of sales model expects sales to increase by 5% over each of the next four years. If costs are proportional to sales at 80%, and last year's sales were $1,000, the net income in the fourth year will be?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In pentagon ABCDE, m?A= m?C=m?D = 90 and ?B=?E. What is m?B, in degrees?

Geometry
Q

3. Find the zeros of the quadratic function by graphing. Round to the nearest tenth...

Basic Math
Q

For the position function s t instantaneous velocity at t 0 Time Interval Average Velocity...

Calculus
Q

On January 1,2020, Blossom Enterprises issued 8%,20-year bonds with a face amount of...

Accounting
Q

At its $30 selling price, Atlantic Company has sales of $30,000, variable manufacturing costs of...

Accounting
Q

Caim dilution occurs Group of answer choices when preference shares are issued when the firm...

Accounting
Q

Cost Volume Profit Analysis Case Study Niagra Falls Sporting Goods Company, a wholesale supply company,...

Accounting
Q

thanks in advance Explain what is meant by: The benefits of accounting information...

Accounting
Q

Please give a short answer and GASB codifications relating to the following: Cobb County...

Accounting
Q

Provide an example of who would use financial accounting.

Accounting
Q

Coronado Railroad Co. is about to issue $570,000 of 10-year bonds paying an 7% interest...

Accounting
Q

the bond par value To estimate the market value of a publicly traded bond that...

Finance