The CEO of Smartphone Apps LLC is preparing a loan application. Using the data below (only) prepare an Income Statement. Within this Income
statement include totals for Cost of Goods Sold Gross Margin Sales General and Administrative Earnings before Interest and Taxes Pretax Income and Net
Income. Also compute the Profit Margin on Sales. Submit using a spreadsheet.
Net Revenue
$1458000
Production Labor Costs
$385444
Material Costs
$247500
Marketing
$127000
Depreciation
$58122
Research and Development
$98000
Administrative
$258300
Interest Expense
$21608
Taxes
25%
of pretax Income
Slot Precision Services Inc. has five alternative broaching machines/processes that are being studied. Only one will be chosen and the data is shown below.
Recommend the choice for management that uses the internal rate of return criterion. Compare this with the decision with that of a Present Worth criterion.
Submit your solution in a spreadsheet.