what is the percent of the operating income with the following figures: 2016--25,917,000 2017--36,577,000 2018--47,283,000
Homework Answers
Percentage for the year 2017 = (Year 2017 Income / Year 2016 Income) *100
Percentage for the year 2018 = (Year 2018 Income / Year 2016 Income) *100
Here Year 2016 is taken as base year to find percentage.
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what is the percent of the operating income with the following
figures:
2016--25,917,000
2017--36,577,000
2018--47,283,000
The pretax inancial income for loss) figures for Vaughn Company are as follows. 2015 2016 2017...
The pretax inancial income for loss) figures for Vaughn Company are as follows. 2015 2016 2017 2018 2019 2020 2021 $155,000 226,000 74,000 (155,0001 (364,000 113,000 99,000 Pretax financial income for loss) and taxable income (loss were the same for all years invalved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of...
Corporation reported income before taxes of $200,000 for the years 2016, 2017, and 2018. In 2019...
Corporation reported income before taxes of $200,000 for the years 2016, 2017, and 2018. In 2019 they experienced a loss of $200,000. The company had a tax rate of 35% in 2016 and 2017, and a rate of 45% in 2018 and 2019. Assuming Caesar uses the carryback provisions for the net operating loss, by what amount will the income tax benefit reduce the net loss in 2019?
2019 2018 2017 2016 2015 Sales $ 556,950 $ 368,841 $ 290,426 $ 200,294 $ 146,200...
2019 2018 2017 2016 2015 Sales $ 556,950 $ 368,841 $ 290,426 $ 200,294 $ 146,200 Cost of goods sold 286,545 189,809 151,417 104,100 74,562 Accounts receivable 27,012 21,503 19,836 11,737 10,029 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend percent 2019: / = % 2018: / = % 2017: / = % 2016: / = % Trend Percent for Cost of...
The pretax financial income (or loss) figures for Vaughn Company are as follows. 2015 $149,000 2016...
The pretax financial income (or loss) figures for Vaughn Company
are as follows. 2015 $149,000 2016 240,000 2017 75,000 2018
(149,000 ) 2019 (371,000 ) 2020 119,000 2021 105,000 Pretax
financial income (or loss) and taxable income (loss) were the same
for all years involved. Assume a 25% tax rate for 2015 and 2016 and
a 20% tax rate for the remaining years. Prepare the journal entries
for the years 2017 to 2021 to record income tax expense and the...
Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020...
Suppose a firm has had the following historic sales figures. Year: 2016 2017 2018 2019 2020 Sales $1,440,000 $1,670,000 $1,590,000 $2,000,000 $1,810,000 What would be the forecast for next year’s sales using regression to estimate a trend? Next year’s sales?
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211 $ 331,879 $ 225,768 $ 318,945 209,888 172,408 1 17,092 30,031 23,799 22,734 13,230 2015 163,600 83,436 11,190 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: | Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 2016: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 1 = Trend percent 2019:...
OAKBROOK COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales...
OAKBROOK COMPANY Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales $ 980 $ 850 Less cost of goods sold 525 415 Gross profit 455 435 Less operating expenses: Wage expense 90 88 Depreciation expense 18 12 Rent expense 23 20 Miscellaneous expense 24 36 Total operating expenses 155 156 Operating income 300 279 Less other expenses: Interest 9 33 Income before tax 291 246 Less income tax expense 116 98 Net income $ 175...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 sales $389,743 $298,575 $207,200 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense 234,625 188,401 110,174 41,203 26,275 67,478 42,696 8,753 132,608 155,118 55, 344 35,077 90,421 64,697 12,034 74,592 27,350 17,198 44,548 30,044 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017,...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,481 132,608 Gross profit 155, 118 119, 174 74,592 Selling expenses 55,344 41,203 27,350 Administrative expenses 35,077 26,275 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,844 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance sheets December 31, 2018, 2017, and...
The pretax inancial income for loss) figures for Vaughn Company are as follows. 2015 2016 2017 2018 2019 2020 2021 $155,000 226,000 74,000 (155,0001 (364,000 113,000 99,000 Pretax financial income for loss) and taxable income (loss were the same for all years invalved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of...
The pretax financial income (or loss) figures for Vaughn Company
are as follows. 2015 $149,000 2016 240,000 2017 75,000 2018
(149,000 ) 2019 (371,000 ) 2020 119,000 2021 105,000 Pretax
financial income (or loss) and taxable income (loss) were the same
for all years involved. Assume a 25% tax rate for 2015 and 2016 and
a 20% tax rate for the remaining years. Prepare the journal entries
for the years 2017 to 2021 to record income tax expense and the...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211 $ 331,879 $ 225,768 $ 318,945 209,888 172,408 1 17,092 30,031 23,799 22,734 13,230 2015 163,600 83,436 11,190 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: | Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 2016: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 1 = Trend percent 2019:...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 sales $389,743 $298,575 $207,200 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense 234,625 188,401 110,174 41,203 26,275 67,478 42,696 8,753 132,608 155,118 55, 344 35,077 90,421 64,697 12,034 74,592 27,350 17,198 44,548 30,044 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017,...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,481 132,608 Gross profit 155, 118 119, 174 74,592 Selling expenses 55,344 41,203 27,350 Administrative expenses 35,077 26,275 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,844 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance sheets December 31, 2018, 2017, and...
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