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Chapter 2 Practice 10 - Financial Forecast

# Chapter 2 Practice 10 - Financial Forecast - Earnings...

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Financial Forecast - Get Rich Quick Enterprises 2003 2004 2005 2006 2007 2008 Income Units sold 75000 82500 90750 99825 109807.5 120788.25 Unit price \$3.00 \$3.15 \$3.31 \$3.47 \$3.65 \$3.83 Gross revenue \$225,000 \$259,875 \$300,156 \$346,680 \$400,415 \$462,479 Overhead Production fac \$50,000 \$54,000 \$58,320 \$62,986 \$68,024 \$73,466 Administration \$25,000 \$26,250 \$27,563 \$28,941 \$30,388 \$31,907 Cost of Goods Sold Unit manufactu \$1.00 \$1.10 \$1.21 \$1.33 \$1.46 \$1.61 Variable manu \$75,000.00 \$90,750.00 \$109,807.50 \$132,867.08 \$160,769.16 \$194,530.68 Unit sales cost \$0.20 \$0.20 \$0.20 \$0.20 \$0.20 \$0.20 Variable sales \$15,000.00 \$16,500.00 \$18,150.00 \$19,965.00 \$21,961.50 \$24,157.65
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Unformatted text preview: Earnings before \$60,000 \$72,375 \$86,316 \$101,921 \$119,272 \$138,418 Income taxes \$21,600 \$26,055 \$31,074 \$36,692 \$42,938 \$49,830 Net earnings \$38,400 \$46,320 \$55,242 \$65,230 \$76,334 \$88,587 Initial conditions Annual increase First year sale 75000 10.0% Selling price \$3.00 5.0% Unit manufactu \$1.00 10.0% Unit sales cost \$0.20 0.0% Production fac \$50,000.00 8.0% Administration \$25,000.00 5.0% Tax rate 36.00% 0.0% First year of fo 2003 A B C D E F G 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31...
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