Attached. Please let me know if you have any questions or need revisions.FINA310 IP TEMPLATE FOR STUDENTSStudent name:Date:ACTUALCurrent YearTotal Revenue$71,879Cost of Revenue($51,125)Gross Profit$20,754Operating Expenses:Selling, General, and AdministrativeResearch and DevelopmentSpecial Income/Other ChargesTotal Operating ExpensesOperating Income($14,248)$0($2,194)($16,442)$4,312Net Interest Income($666)editePre-Tax IncomeProvision for Income Tax (19.5%)Net Income$3,646($711)$2,935FORECASTNext Year100.0%$80,504-71.1%($57,260)28.9%$23,244-19.8%($15,958)-3.1%($2,457)-22.9%($18,415)6.0%$4,829-0.9%5.1%-1.0%4.1%($746)$4,084($796)$3,287YearRevenue% Change$8,62520172018$ 73,785 $ 69,4950.0%-5.8%2019 CurrentNext Year$ 75,356 $ 71,879 $ 80,5048.4%-4.6%12.0%RevenueTotal revenue numbers over the past 4 yCorporation$82,000$80,000$78,000$76,000$74,000$72,000$70,000$68,000$66,000$64,000$62,000201720182019% Change in revenue14.0%12.0%10.0%8.0%6.0%4.0%2.0%0.0%-2.0%-4.0%-6.0%-8.0%201720182019rs over the past 4 years for Tag-ItCorporation2019CurrentNext Yearange in revenue2019CurrentNext Year1Analysis of Tag-It’s ability to hit a 12% increase in SalesStudent’s NameDepartment, UniversityCourse NameProfessor’s NameDate2Analysis of Tag-It’s ability to hit a 12% increase in salesTag-it corporation has a high chance of hitting the 12% increase in sales in the next year.A lot of factors affect the ability of the company to attain a 20% increase in revenue. First, thenature of the industry affects the sales of products. If there is a change in the sales force, thecustomers’ demand might not be met, reducing sales. What is most important is the trend inrevenue over the past years.Figure 1. Total revenue numbers over the past four years for Tag-It Corporation$82,000$80,000$78,000Revenue$76,000$74,000$72,000$70,000$68,000$66,000$64,000$62,000201720182019CurrentNext YearFigure 1 shows the trend in sales over the period 2017 to 2021. Revenue has been increasing anddecreasing over the period. We expect that revenue will increase from the trend but not certainthat it will attain the 12% revenue growth. The graph shows that revenue has the potential ofgrowing to $78,000 in the forecast year.3Figure 2. Percentage change in revenue over time14.0%12.0%…
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