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Submitted by Time on Tue, 2013-08-27 00:28
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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?

 

 

Answer
Submitted by Time on Tue, 2013-08-27 00:29
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Micro xxxx Computer xxxxxxxxxxx xxxxxxxxxxxx Statements xx Operations xxx the xxxxxx xxxxxxxxx xxx 2007 xxxxxxx xxxxxxxxx xxx xxxx Sales xxxxx $8,334.00 xxxx of Sales $5,458.00 xxxxx xxxxxx $2,876.00 Operating xxxxxxxxx x & x xxxxxxx Selling, General, xxx Administrative $691.00 xxxxxxxxxx R & D --------- xxxxxxxxxxxxx xxxxx xxxxxxxxx Total xxxxxxxxx Exp $1,216.00 xxxxxxxxx xxxxxx xxxxxxxxx xxxxx interest xxx xxxxx xxxxxx net $194.00 Income before xxxxxxxxx xxx Income taxes $1,854.00 xxxxxxxxx for income Taxes xxxxx $278.10 xxx income $1,575.90 Answer xxxxxxxxx x and x xxxxx based on the financial data. 1. Determine xxx year-to-year percentage xxxxxx growth in xxxxx net sales. xx xxxxx only xx your xxxxxxx to xxxxxxxx #1, xx you think xxx company xxxx xxx xxx sales goal of +10% annual xxxxxxx xxxxxx in xxxxx xxxxxxxxx xxx target revenue xxxxxxx and xxxxxxx why you do xx do xxx xxxx xxxx the xxxxxxx xxx xxx xxxx xxxxxxx

 

 

 

xxxxxxxxx xxx xxxxxxxxxxxx

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