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Week 3 OAES Homework - MMBA 6550 Problem 1 Example Company Balance Sheet December 31, 2008 Change, keep, or add numbers here based on your...
1. Using the following information, construct a forecasted balance sheet and forecasted statement of operations. Prepare this in Microsoft Word in a format similar to what is presented below except change the title to "Forecasted…." Make sure you underline subtotals and use the double underline as required. Clearly state what assumptions you make.Consider the following:Sales are expected to increase to 3,000.Example company will not purchase any new equipment. What does this to do depreciation expense and net PPE for 2009?Example company will not have any new loans and percentage of interest will remain the same.Expenses will stay the same percentage of revenues from 2008 to 2009.Other current assets will be the same as 2008.Consider the following:Sales are expected to increase to 3,000.Example company will not purchase any new equipment. What does this to do depreciation expense and net PPE for 2009?Example company will not have any new loans and percentage of interest will remain the same.Expenses will stay the same percentage of revenues from 2008 to 2009.Other current assets will be the same as 2008.Example CompanyBalance SheetDecember 31, 2008
