Top Posters
Since Sunday
23
o
7
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Earthgirl225 Earthgirl225
wrote...
Go to Answer
Posts: 70
Rep: 0 0
A month ago
Richardson Company has provided you with the following numbers pulled from various budgets related to January 2020 activity:

Beginning cash balance from cash budget$   12,000
Sales revenue from sales budget300,000
Cost of goods sold from cost of goods sold budget180,000
Selling and administrative expenses from selling and administrative
     expense budget (includes depreciation expense of $5,000)		50,000
Interest expense from cash budget8,000

Required:

Prepare a pro-forma income statement for Richardson Company
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 4 times
1 Reply
Replies
Answer verified by a subject expert
WoodyNRexWoodyNRex
wrote...
#1
Posts: 68
Rep: 0 0
A month ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
Richardson Company
Pro-Forma Income Statement
For the Month Ending January 31, 2020
Revenue$300,000
Cost of goods sold 180,000
Gross profit120,000
Selling and administrative expenses   50,000
Operating income70,000
Interest expense      8,000
Operating income$  62,000
1

Related Topics

Earthgirl225 Author
wrote...

A month ago
This site is awesome
kc123
wrote...

Yesterday
Good timing, thanks!
AlahuKakpar
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  365 People Browsing
 296 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 191
  
 222
  
 112
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 325
Previous poll results: Where do you get your textbooks?