Income statement data for winthrop company for two recent years ended december 31 are as follows: current year previous yearsales $2,280,000 $2,000,000cost of goods sold 1,960,000 1,750,000gross profit $320,000 $250,000selling expenses $156,500 $125,000administrative expenses 122,000 100,000total operating expenses $278,500 $225,000income before income tax $41,500 $25,000income tax expense 16,600 10,000net income $24,900 $15,000a. prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. (round percentages to one decimal place.) b. what conclusions can be drawn from the horizontal analysis?
Answers: 2
Business, 21.06.2019 18:20
When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.
Answers: 2
Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
Answers: 2
Business, 22.06.2019 19:00
1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals
Answers: 1
Business, 22.06.2019 23:30
Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\
Answers: 3
Income statement data for winthrop company for two recent years ended december 31 are as follows: c...
History, 29.01.2021 21:00
Chemistry, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Social Studies, 29.01.2021 21:00
Chemistry, 29.01.2021 21:00
Mathematics, 29.01.2021 21:00
Arts, 29.01.2021 21:00