## (Financial Forecasting) Use the percent of sales methods to prepare  pro forma income statement for Calico Sales Co., Inc.

PROBLEM: FINANCIAL PLANNING

(Financial Forecasting) Use the percent of sales methods to prepare  pro forma income statement for Calico Sales Co., Inc. projected sales for next year is P 4million. Cost of Goods sold is expected to be 70% of sales, administrative expense equals to P500,000.00 and depreciation expense is P 300,000. Interest expense equals P50,000 and income  is taxed at a rate of 40%. The firm plans to spend P 200,00.00 during the period to renovate  its office facility and will retire P 150,000 in notes payable .Finally Selling expense equals 5 percent of sales.

### Can Sally recover from Bill for the loss of her cabbage crop?

Bill was a rancher and owned 500 sheep. Vandals cut a hole in the fence that kept Bill’s sheep in his pasture and 200 sheep escaped from the hole. The….

### An US based company relocated its aging mercury thermometer factory from US to a verdant hill station in the southern Tamil Nadu.

An US based company relocated its aging mercury thermometer factory from US to a verdant hill station in the southern Tamil Nadu. Mercury is a toxic metal, which when converted….

### In a computer store, 30% (.3) of the computers in stock are laptops and 70% (.7) are desktops. Five percent (.05) of the laptops are on sale, while 10% (.1) of the desktops are on sale. Use a tree diagram to determine the percentage of the computers in the store that are on sale.

In a computer store, 30% (.3) of the computers in stock are laptops and 70% (.7) are desktops. Five percent (.05) of the laptops are on sale, while 10% (.1)….