Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

I am really struggling with this. Here is the problem that I was presented with

/in /by

I am really struggling with this. Here is the problem that I was presented with:
The Lees believe that production and sales could double after being on Shark Tank which is scheduled in December of 2018. They want to be prepared for this. Based on the budgeted income statement calculated above for 2018, What will the new budgeted income for 2019 assuming that the production and sales is double the level of 2018?

Here is the income statement:

Revenues

Sales $33,600

Income tax (8736)

Expenses

Cost of Goods Sold $12,600

Advertising fees $2000

Phone/Internet $1200

Utilities $900

Supplies $800

Depreciation Expense $800

Bank Fees $150

Labor $0

Total Expenses $19,710

Net Income $5,154

Would I just double the same number for sales and recalculate it?

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"