Please assist with 3.2 A PGDBM PH JAN 2021.pdf - Adobe Acrobat Reader DC (32-bit)File Edit View Sign Window HelpHomeToolsPGDBM PH JAN 20.. XSign In91 / 10549,7%MANCOSA: POSTGRADUATE DIPLOMA IN BUSINESS MANAGEMENTSearch 'OCR'QUESTION 33.1 Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to determinethe sales needed to produce a profit after tax thet is 25% more than that for the year ending 31 December 2020.(Where applicable round of amounts to the nearest rand)LO Export PDFINFORMATION:Calder EnterprisesStatement of Comprehensive Income for the year ended 31 December 2020Edit PDFR3445 000(3 539 250)SalesCost of saliesCreate PDFGross profitOperating expensesIncome from operations1905 750(1122 000)783 750Interest expense(98 900)Profit before taxComment634 850(191 758)493 092Income taxProfit after taxA Combine FilesAdditional intformation:1. Cost of sales is expected to be 60% of sales.2. Operating expenses will increase by 4%.3. Interest expense will increase to R120 000.4. The tax rate wit remain at 28%E0 Organize Pages3.2 Use the information from question 3.1 (not your solution) and calculate the folowing for the year ending 31December 2020:3.2.1 Gross margin* Compress PDF3.2.2 Net profit margin3.2.3 Operating margin2 Redact3.2.4 Interest coverageConvert, edit and e-sign PDFforms & agreementsFree 7-Day TrialPROGRAMME HANDBOOK: JANUARY 2021 INTAKE21:47O Type here to searchENG2021/09/11图

Income Statement: It is a financial statement that includes the business incomes and expenses. The…

Answered: INFORMATION Calder Enterprises…

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter4: Profitability Analysis

Section: Chapter Questions

Problem 23PC

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ASSESSMENT: Problem #1: On June 30, 2020, PSA Trading Co. has the following informatign: revenue from sales is Po8,760; sales return is P35,50o; cost of goods sold is P8.490: salaries cost P 14,600; rent is P8,090; light and water expenses are P7.550 and miscellaneous expenses are Po,520.Generate an income statement and find: a. Gross Profit b. Net Profit or Loss Problem #2: AMA 6operative store had the following activities for year ended 2021: gross sales amounting to Po4,653, the cost of goods sold was P48,923, the operating expensés were, P8,723.15, and refunds for defective goods amounted to P26,497.15. Generate an income slatemeni and find: a. Net Sales b. Gross Profit c. Net Profit Problem #3: AMA cooperative store had the following activities for year ended 2021: gross sales amounting to P94,653, the cost of goods sold was P48,923, the operating expenses were, P8,723.15, and refunds for defective goods amounted to P26,497.15. Generate an income statement and find: a. Net Sales…
Prepare the Pro-Forma Statement of Financial Position for the year ending 31 December 2023 INFORMATIONSibiya ProjectsStatement of Comprehensive Income for the year ended 31 December 2022 RSales 10 000 000Cost of sales (5 750 000)Gross profit 4 250 000Variable, selling and administrative costs (1 500 000)Fixed selling and administrative costs (500 000)Net profit 2 250 000 Statement of Financial Position for the year ended 31 December 2022ASSETS RNon-current assets 800 000Property, plant and equipment 800 000 Current assets 3 400 000Inventories 1 600 000Accounts receivable 600 000Cash 1 200 000TOTAL ASSETS 4 200 000 EQUITY AND LIABILITIESEquity 3 760 000 Current liabilities 440 000Accounts payable 440 000TOTAL ASSETS AND LIABILITIES 4 200 000 Additional informationA. The sales budget for 2023 is as follows:First Quarter Second Quarter Third Quarter Fourth QuarterR2 625 000 R2 750 000 R2 875 000 R2 750 000 B. 90% of sales is collected in the quarter of the sale and 10% in the quarter…
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Prepare a projected statement of comprehensive income for the year ended 31 December 2021 to determine the sales needed to produce a profit after tax that is 25% more than that for the year ending 31 December 2020. (Where applicable round of amounts to the nearest rand) INFORMATION: Calder Enterprises Statement of Comprehensive Income for the year ended 31 December 2020 R Sales 5 445 000 Cost of sales (3 539 250) Gross profit Operating expenses Income from operations Interest expense 1905 750 (1 122 000) 783 750 (98 900) Profit before tax 684 850 Income tax (191 758) Profit after tax 493 092 Additional information: 1. Cost of sales is expected to be 60% of sales. 2. Operating expenses will increase by 4%. 3. Interest expense will increase to R120 000. 4. The tax rate will remain at 28% 3.2 Use the information from question 3.1 (not your solution) and calculate the following for the year ending 31 December 2020: 3.2.1 Gross margin 3.2.2 Net profit margin 3.2.3 Operating margin 3.2.4…
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What is the company’s gross profit rate beginning January 1, 2020? A. 24% B. 21% C. 17% D. 20%

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