Listed below is a consolidated income statement for a construction company for the past year....
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Listed below is a consolidated income statement for a construction company for the past year. Your company wants to grow its revenues by 5% next year, as well as adjust its overhead expenses to account for inflation and growth. You have determined that the overhead should grow by 7%. How much should you budget for overhead expenses for the upcoming year to ensure you meet your growth projections? Income Statement $4,789,500 Revenues Expenses Construction Expenses Equipment Expenses $3,831,492 $29,486 Gross Profit $928,522 Overhead Expenses $483,650 Net Profit $444,872 Other Revenue and Expenses $89,562 Profit (Loss) Before Taxes $534,434 Income Tax Expense (Benefit) $181,707 Profit (Loss) After Taxes $357,727 Type your
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