This problem has been solved! see the answerconsider the following income statement for the heir jordan corporation: heir jordan corporation income statement sales $ 46,800 costs 36,200 taxable income $ 10,600 taxes (35%) 3,710 net income $ 6,890 dividends $ 3,400 addition to retained earnings 3,490 the projected sales growth rate is 10 percent. prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. heir jordan corporation pro forma income statement sales $ costs taxable income $ taxes net income $ what is the projected addition to retained earnings? retained earnings $

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p