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Submitted by Time on Tue, 2013-08-27 03:28
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FIN 310 Micro Chip's Consolidated...

Problem Micro Chip Corporation CASE

Micro Chip Computer Corporation

Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales

Sales $8,334.00

Cost of Sales $5,458.00

Gross Margin $2,876.00

Operating expenses:

R & D $525.00

Selling, General, and Administrative $691.00

In-process R & D ---------

Restructuring costs ---------

Total Operating Exp $1,216.00

Operating income $1,660.00

Total interest and other Income net $194.00

Income before provision for Income taxes $1,854.00

Provision for income Taxes (15%) $278.10

Net income $1,575.90

Answer questions 1 and 2 below based on the financial data.

1. Determine the year-to-year percentage annual growth in total net sales.

2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.

 

 

 

  1. Determine the year-to-year percentage annual growth in total net sales.
  2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.

Next, consider Micro Chip’s Consolidated Statement of Operations for the year ended September 25, 2008 (clickhereto download) and answer questions 1 and 2.

  1. Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period September 26, 2007 through September 25, 2008. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.
  2. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?

 

 

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Submitted by Time on Tue, 2013-08-27 03:29
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xxxxx xxxx xxxxxxxx xxxxxxxxxxx xxxxxxxxxxxx Statements xx xxxxxxxxxx For xxx xxxxxx xxxxxxxxx xxx xxxx through xxxxxxxxx 25, 2008 xxxxx Sales $8,334.00 xxxx xx Sales xxxxxxxxx Gross xxxxxx xxxxxxxxx xxxxxxxxx expenses: x & D $525.00 xxxxxxxx General, and xxxxxxxxxxxxxx xxxxxxx In-process R & x xxxxxxxxx Restructuring costs xxxxxxxxx Total xxxxxxxxx xxx $1,216.00 Operating xxxxxx xxxxxxxxx Total xxxxxxxx xxx other xxxxxx xxx xxxxxxx xxxxxx before xxxxxxxxx xxx Income xxxxx xxxxxxxxx xxxxxxxxx for xxxxxx xxxxx xxxxx $278.10 Net xxxxxx $1,575.90 Answer xxxxxxxxx x xxx 2 below xxxxx on the financial xxxxx xx Determine xxx year-to-year xxxxxxxxxx xxxxxx growth xx total xxx xxxxxx xx Based only xx xxxx xxxxxxx to question xxx do you think the xxxxxxx will xxx xxx xxxxx goal xx +10% annual revenue xxxxxx in xxxxx Determine the target revenue xxxxxxx xxx explain why xxx do xx xx xxx feel that xxx xxxxxxx can hit this xxxxxxx

 

 

 

xxxxxxxxx the year-to-year

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