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Must c
Return Email "y
Welcome to the In Class Portion
Of the FINA 3050 Mid-term
8 tabs all weighted equally
Must complete the two red tabs
Must complete three other tabs of you choice
eturn Email "your last Name and your Section"..Smith Se
ortion
erm
ally
d tabs
of you choice
ection"..Smith Sec A
Mike Owjai Manufacturing
Income Statements
For the Years 2013 and 2014
2013
Sales 2422500
Cost of Goods 1621875
* Gross Profit $ 800,625
Depreciation 53250
Selling & Admin. Expense 626250
Lease Expense 48750
* Net Operating Income $ 72,375
Interest Expense 51000
Earnings Before Taxes 21375
Taxes $ 7,481
* Net Income $ 13,894
Notes:
Tax Rate 0.35
Shares 60000
Earnings per Share 0.2315625
0.35
75000
0.62335
2014
39000
1826.25
315000
386250
$ 742,076
2010000
426750
1583250
$ 2,325,326
378750
26250
$ 405,000
878325
$ 1,283,325
75000
518250
448751.25
$ 1,042,001
$ 2,325,326
show all information
fied with an *
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.70248696
R Square 0.49348792
Adjusted R Square 0.40906924
Standard Error 32813.0204
Observations 8
ANOVA
df SS MS F Significance F
Regression 1 6.29E+09 6294052917 5.84572 0.052019
Residual 6 6.46E+09 1076694306
Total 7 1.28E+10
250,000
200,000
f(x) = - 12241.6666666639x + 24788291.6666611
150,000
Value
100,000
50,000
-
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
2016
105,300 Graph these numbers using a scatter plot
Place a trend line in the graph
Place the Trend Line Equation on the graph also
Lable the axis.
2016 2017
Meyerson's Bakery
Projected Income Statement for Pie Line
Sales $75,000
Variable Costs 45,000
Fixed Costs 20,000
Earnings Before Interest and Taxes 10,000
Interest Expense 3,000 Must use Go
Earnings Before Taxes 7,000 1. Find the number of pies th
Taxes 2,450 sell to Break Even at $15.00 p
Net Income 4,550 2. Find the price per pie that
with 4000 pies being sold to b
Additional Data
Estimated Pie Sales in Units 5,000
Price per Pie $15
Variable Cost per Pie $9
Tax Rate 35%
Price per Pie to Break Even on Net Income $15
Number of Pies to break even on Net Income 3,833
Must use Goal Seek
1. Find the number of pies that the bakery must
sell to Break Even at $15.00 per pie
2. Find the price per pie that the bakery must charge
with 4000 pies being sold to break even.
Tri-State Land Services
Financial Statements 2014
2014 2013
Sales 2625000 2422500
Cost of Goods 1704975 1621875
Gross Profit 920025 800625
Depreciation 63000 53250
Selling & Admin. Expense 652350 626250
Lease Expense 48750 48750
Net Operating Income 155925 72375
Interest Expense 84000 51000
Earnings Before Taxes 71925 21375
Taxes 25,174 7,481
Net Income 46,751 13,894
Notes:
Tax Rate 0.35 0.35
Shares 75000 60000
Earnings per Share 0.62335 0.2315625
Additional Data
Estimated Pie Sales in Units 4000
Price per Pie 15
Variable Cost per Pie 9
Tax Rate 0.35