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Calculation of tax rate for 20174 2018 $6846x100 - 20% $32601 marvin's' market Profit and loss Statement 2018_652 617105.44 49607.80 567497.64 332519.04 234978.60 Sales Achuities: Gross Revenue $55098781012 Less: Returne $45098 x 1.10 Net Revenue | Cost of geaals Sold: $307888x1.08 Gross profits Groes Margin Operating Expenses Avertising Expenses $ 45000 X/. 20 overhead Expenses $ 10 2400X1.10 Depreciation Total operating Expenses operating Profit Operating Margin interest Expenses Inventory losses. $16000X1•10 Profut before taxes. Income taxes 21% Net Income for 2018 54000.00 | 112640.00 16500.00 183140.00 51838.60 1500.00 17600.00 32738.60 6875. Il 25863.49
Date (6) Calculation of and Net margin gross margin, operating margin, for year 2017, 2018 Gross Profits/Margin operating profits / Margin Net profits / Margin Year 2017 $ 198,001 $34 101 $ 25755 Year 2018 $234978.60 $51838.60 $25863.49 since, due to increase Advertising Expenses by 20% in year 2018: the Net Income After taxes of marvin market Increase.
.
By $108.49 (25863.49-25755). Hence. marvin should increase his Advertising budget-
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