The cash budget for Parker Process Meats,Inc.for the fourth quarter of 2004 is given below:
Parker Process Meats,Inc.
The expected sales for the period are as follows:
Oct.: $86,400 Nov.: $91,800 Dec.: $83,700
The total depreciation expense for the period will be $8,775.An interest payment on outstanding debt of $15,000 will be made in December.Using the information given,construct a pro forma income statement for the final quarter of 2004 for Parker.

Question

The cash budget for Parker Process Meats,Inc.for the fourth quarter of 2004 is given below:
Parker Process Meats,Inc.  
The expected sales for the period are as follows:
Oct.: $86,400 Nov.: $91,800 Dec.: $83,700
The total depreciation expense for the period will be $8,775.An interest payment on outstanding debt of $15,000 will be made in December.Using the information given,construct a pro forma income statement for the final quarter of 2004 for Parker.

Quizplus · Accepted Answer

The Answer of The cash budget for Parker Process Meats,Inc.for the fourth quarter of 2004 is given below:
Parker Process Meats,Inc.  
The expected sales for the period are as follows:
Oct.: $86,400 Nov.: $91,800 Dec.: $83,700
The total depreciation expense for the period will be $8,775.An interest payment on outstanding debt of $15,000 will be made in December.Using the information given,construct a pro forma income statement for the final quarter of 2004 for Parker.

The Cash Budget for Parker Process Meats,Inc