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The Following Balance Sheet and Income Statement Pertain to Goode

question 1

Essay

The following balance sheet and income statement pertain to Goode Corp.,using the following assumptions complete a forecasted 2013 income statement:
$\begin{array}{l}\text { A55mmptians far 2013: }\\\begin{array} { l l } \text { Revenue growth rate } & 45 \% \\\text { COGS } & 70 \% \text { of } 5 \text { ales } \\\text { Operating expenses } & 18 \% \text { of sales } \\\text { Interest expense } & 12 \% \text { of begining lang-term debt } \\\text { Tar rate } &\end{array}\end{array}$
$The following balance sheet and income statement pertain to Goode Corp.,using the following assumptions complete a forecasted 2013 income statement: \begin{array}{l} \text { A55mmptians far 2013: }\\ \begin{array} { l l } \text { Revenue growth rate } & 45 \% \\ \text { COGS } & 70 \% \text { of } 5 \text { ales } \\ \text { Operating expenses } & 18 \% \text { of sales } \\ \text { Interest expense } & 12 \% \text { of begining lang-term debt } \\ \text { Tar rate } & \end{array} \end{array}$

Definitions:

Sequence Prepared

The order in which tasks or activities are organized and completed.

Sales Budget

A financial plan that estimates future sales volumes and revenues for a specific period, used for strategic planning and resource allocation.

Dollar Sales

The total monetary amount of sales within a specified period, not adjusted for returns or discounts.

Goods Sold

Refers to the total volume or number of products a company has sold to its customers within a specific period.