• 100% Satisfaction Guarantee

Mr. Gregory White, Master's Degree
Category: Single Problem
Satisfied Customers: 4902
Experience:  M.A., M.S. Education / Educational Administration
46856550
Type Your Single Problem Question Here...
Mr. Gregory White is online now

# Use the Percentage Sales Method and a 25% increase in sales

### Resolved Question:

Use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure.
Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?

To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at the financial values. Students using Microsoft Excel must provide an adequate explanation of the methodology used to arrive at that answer.

Micro Chip Computer Corporation
Consolidated Statements of Operations For the period September 26, 2007 through
September 25, 2008
Sales
\$8,334.00
Cost of Sales
\$5,458.00
Gross Margin
\$2,876.00
Operating expenses:
R & D
\$525.00
\$691.00
In‐process R & D
‐‐‐‐‐‐‐‐‐
Restructuring costs
‐‐‐‐‐‐‐‐‐
Total Operating Exp
\$1,216.00
Operating income
\$1,660.00
Total interest and other Income net
\$194.00
Income before provision for Income taxes
\$1,854.00
Provision for income Taxes (15%)
\$278.10
Net income
\$1,575.90
Submitted: 2 years ago.
Category: Single Problem
Expert:  Mr. Gregory White replied 2 years ago.

Hello, my name is XXXXX XXXXX I am happy to help with your question today.

CLICK HERE for the excel file. The attached file has the answers for all 4 parts of this question (even though you have only listed what is under PART 2) - So, just want to ensure you see that these two questions posted are under Part 2 answer 1 and answer 2.

Please remember to only rate my answer when you are 100% satisfied. IF you feel the need to click either "Helped a little" or "I expected more", please stop and reply to me via the CONTINUE CONVERSATION button with the issue you have. I will be happy to continue further and do everything I can to provide you with the service you seek.
Mr. Gregory White, Master's Degree
Category: Single Problem
Satisfied Customers: 4902
Experience: M.A., M.S. Education / Educational Administration

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### linda_us

#### Satisfied Customers:

783
A tutor for Business, Finance, Accounts and other related topics.
< Last | Next >

### linda_us

#### Satisfied Customers:

783
A tutor for Business, Finance, Accounts and other related topics.

### Manal Elkhoshkhany

#### Satisfied Customers:

388
Finished my BA degree with a GPA of 4.0.

### Mr. Gregory White

#### Satisfied Customers:

274
M.A., M.S. Education / Educational Administration

### Bizhelp

#### Satisfied Customers:

256
BA degree and Certified Public Accountant

### F. Naz

#### Satisfied Customers:

225
Have completed B.Com and CA Finalist

### Dave CPA

#### Satisfied Customers:

98
Sound knowledge base in accounting and finance.

41