Use the information about Billy's Burgers to answer the following question(s) :
-Using the percent of sales method, and assuming 20% growth in sales and no change in interest expense, estimate Billy's Burgers' Net Income for 2011.
Definitions:
Small Business Success
The achievement of desired visions and planned goals, leading to a sustainable competitive advantage for a small business, often measured by financial performance, market share, or innovation.
Creative Destruction
An economic theory that suggests the dismantling of long-standing practices in order to make way for innovation and new systems that enhance economic vitality.
Joseph Schumpeter
An economist and political scientist who proposed the theory of creative destruction in economics.
New Businesses
New businesses are entities in their early stages of operation, often characterized by innovation, development of products or services, and efforts to secure market position.
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