Homework Answers
| 1) | 0.99% | [($ 11801 - $ 11685) / $ 11685] | |
| 2) | 1.98% | [($ 1186 - $ 1163) / $ 1163] | |
| 3) | $ 116.00 | ($ 11801 - $ 11685) | |
| 4) | $ 1,163.00 | ||
| 5) | 10.17% | [($ 3055 - $ 2773) / $ 2773] | |
| 6) | $ 2,415.00 | ||
| 7) | $ 2,634.00 | ||
| 8) | $ 3,055.00 | ||
| 9) | 23.95% | ($ 1186 / $ 4952) | |
| 10) | $ 359.00 | ($ 6138 - $ 6497) | |
| Particulars | March | April | May | ||
| Revenues | $ 11,685.00 | $ 11,801.00 | $ 12,391.00 | ||
| Cost of Goods sold | $ 2,415.00 | $ 2,608.00 | $ 2,634.00 | ||
| Gross Profit | $ 9,270.00 | $ 9,193.00 | $ 9,757.00 | ||
| Operating Expenses: | |||||
| Selling and General Expense | $ 901.00 | $ 1,000.00 | $ 1,129.00 | ||
| Rent, Lease, Depreciation | $ 753.00 | $ 768.00 | $ 837.00 | ||
| Other Operating Expenses | $ 1,119.00 | $ 1,287.00 | $ 1,377.00 | ||
| Total Operating Expenses | $ 2,773.00 | $ 3,055.00 | $ 3,343.00 | ||
| Operating Income | $ 6,497.00 | $ 6,138.00 | $ 6,414.00 | ||
| Interest Expense | $ 161.00 | $ 169.00 | $ 190.00 | ||
| Other Expense | $ 1,146.00 | $ 1,260.00 | $ 1,272.00 | ||
| Earnings before taxes | $ 5,190.00 | $ 4,709.00 | $ 4,952.00 | ||
| Income taxes | $ 1,029.00 | $ 1,163.00 | $ 1,186.00 | ||
| Net Earnings | $ 4,161.00 | $ 3,546.00 | $ 3,766.00 | ||
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Paragraph IS Styles Profit and Loss Statement Revenues Cost of Goods Sold GROSS PROFIT March April...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
The drop-down options are: Sales Revenue Cost of Goods Sold Net Income / (Loss) Gross Profit...
The drop-down options are:
Sales Revenue
Cost of Goods Sold
Net Income / (Loss)
Gross Profit on Sales
Total Expenses
Income from Operations
Other Revenue and Gains
Income Before Income Taxes
Pharoah Floors has year-end account balances of Sales Revenue $687,000, Interest Revenue $2,200, Cost of Goods Sold $416,000, Salaries and Wages Expense $96,900, Administrative Expense $67,250, and Income Tax Expense $42,200. Prepare a multiple-step Question 26 of 27 0.7/1 < $ < v $ $
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses...
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses $10,000,000 Promotion expenses 4.000,000 14,000,000 General and Administrative Expenses Managerial salaries and expenses for the marketing function $1,000,000 Indirect overhead 6.000,000 7000,000 Net profit before income tax $19,000,000 Determine the following ratios: a. gross margin percentage b. net profit percentage c. operating expense percentage d. net marketing contribution e. marketing return on...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
Income Statement Sales revenue $50 Cost of goods sold 30 Gross profit (gross margin) 20 Selling...
Income Statement Sales revenue $50 Cost of goods sold 30 Gross profit (gross margin) 20 Selling and administrative expenses 10 Income before taxes A Income tax expense 4 Net Income $6 Earnings per share E Balance Sheet Cash $2 Liabilities: Inventory 5 Accounts payable $1 Current assets B Equipment, at cost 10 Shareholders’ Equity: Less: accumulated depreciation C Common stock, $1 par value per share 10 Equipment, net of depreciation 6 D Total assets $13 Total liabilities and s/equity $13...
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses...
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JORDAN COMPANY Income Statements 2019 Sales $ 200,700 Cost of goods sold 142,300 Selling expenses 21,900...
JORDAN COMPANY Income Statements 2019 Sales $ 200,700 Cost of goods sold 142,300 Selling expenses 21,900 Administrative expenses 12,600 Interest expense 3,900 Total expenses $180,700 Income before taxes 20,000 Income taxes expense 6,400 Net income $ 13,600 2018 $180,700 120, 300 19,900 14,600 5,900 $160,700 20,000 3,600 $ 16,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a vertical analysis, showing each income statement component as a...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Company A 100% 23% Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes Less: Income tax expense Net income 77% 16% 61% Company B 100% 21% 79% 24% 55% 4% 51% 4% 47% 3% 58% 3% 55% Which company is more profitable based on this common - size statement? O A. Company B OB. Company A OC. Company A and B are equally profitable OD. Cannot determine from...
The drop-down options are:
Sales Revenue
Cost of Goods Sold
Net Income / (Loss)
Gross Profit on Sales
Total Expenses
Income from Operations
Other Revenue and Gains
Income Before Income Taxes
Pharoah Floors has year-end account balances of Sales Revenue $687,000, Interest Revenue $2,200, Cost of Goods Sold $416,000, Salaries and Wages Expense $96,900, Administrative Expense $67,250, and Income Tax Expense $42,200. Prepare a multiple-step Question 26 of 27 0.7/1 < $ < v $ $
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Smithsborough, Inc. had the following profit and loss statement for the year ending 2009 $50,000,000 Sales Cost of goods sold Gross Margin Marketing Expenses 10,000.000 40,000,000 Sales expenses $10,000,000 Promotion expenses 4.000,000 14,000,000 General and Administrative Expenses Managerial salaries and expenses for the marketing function $1,000,000 Indirect overhead 6.000,000 7000,000 Net profit before income tax $19,000,000 Determine the following ratios: a. gross margin percentage b. net profit percentage c. operating expense percentage d. net marketing contribution e. marketing return on...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 2017 211,400 $ 105,000 106,400 $ 53,000 53,400 $ 5,385 48,015 $ 22.647 25,368 $ 86,910 46,000 40,910 Less: Interest expense 6,459 Income before income taxes 34,451 16,160 Less: Income tax expense Net income 18,291 Print Done i Income statement UJOJ 0,15 LESS. IMETEST Experise Income before income taxes 48,015 $ 22,647 34,451 16,160 Less: Income tax expense 25,368 $ 18,291 Net...
JORDAN COMPANY Income Statements 2019 Sales $ 200,700 Cost of goods sold 142,300 Selling expenses 21,900 Administrative expenses 12,600 Interest expense 3,900 Total expenses $180,700 Income before taxes 20,000 Income taxes expense 6,400 Net income $ 13,600 2018 $180,700 120, 300 19,900 14,600 5,900 $160,700 20,000 3,600 $ 16,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a vertical analysis, showing each income statement component as a...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
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