Homework Answers
| Answer | ||||||||
| 1 | ||||||||
|
Common Size Percent |
Trend Percent | |||||||
| Current Year | 1 Year ago | 2Year ago | Current Year | 1 Year ago | 2Year ago | |||
| Sales | $ 105,100.0 | $103,900.0 | $100,000.0 | Sales | $ 105,100.0 | $103,900.0 | $100,000.0 | |
| Cost Of Goods Sold | $ 66,843.6 | $ 63,794.6 | $ 57,900.0 | Cost Of Goods Sold | $ 66,816.6 | $ 63,805.8 | $ 57,900.0 | |
| Total Expenses | $ 15,134.4 | $ 14,442.1 | $ 14,200.0 | Total Expenses | $ 15,151.4 | $ 14,441.4 | $ 14,200.0 | |
| Net Income | $ 23,122.0 | $ 25,663.3 | $ 27,900.0 | Net Income | $ 23,132.0 | $ 25,652.8 | $ 27,900.0 | |
| 2 | ||||||||
| NET INCOME HAS DECREASED. | ||||||||
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Check my work Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2...
Check my work Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2...
Check my work Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. 1.11 points Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63.6 61.4 57.9 14.4 13.9 14.2 Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago 105.1% 103.9% 100.0% 115.4 110.2 100.0 106.7 101.7 100.0 eBook Hint...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 63.6 61.4 57.9 14.4 13.9 14.2 Current Yr 105.1% 115.4 106.7 Trend Percents 1 Yr Ago 103.9% 110.2 101.7 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?...
Check my work Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and...
Check my work Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.00 100.00 100.00 63.4 61.2 57.4 13.8 14.1 Current Y 104.58 115.4 106.1 Trend Percenta 1 Yr Ago 103.38 110.1 101.1 2 Yrs Ago 100.00 100.0 100.0 14.3 Book Determine the net income for the following years. Did the net income increase, decrease, or remain...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2 Yrs Ago 2 Yrs Ago 1 Yr Ago Current Yr 1 Yr Ago 100.0% Current Yr Sales 100.0% 100.0% 104.4% 100.0% 103.2% Cost of goods sold Total expenses 57.6 63.5 61.3 115.1 109.8 100.0 14.3 14.1 100.0 13.8 105.9 101.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2017 2016 2015 2017 2016 2015 Sales 100.0 % 100.0 % 100.0 % 104.3 % 103.1 % 100.0 % Cost of goods sold 63.5 61.3 58.0 114.2 109.0 100.0 Operating expenses 14.3 13.8 14.1 105.8 100.9 100.0 Determine the net income for the following years. 2017 2016 2015 Sales $100,000 Cost of Goods Sold 58,000 Operating Expenses 14,100 Net Income $27,900...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.4 61.2 57.5 14.4 13.9 14.2 Trend Percents 2017 2016 2015 104.89 103.6% 100.0% 115.6 110.3 100.0 106.4 101.4 100.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 Sales Cost of Goods Sold Operating Expenses Net Income 2015 100,000 57,500 14,200 28,300...
determine the net income for the following years. did the net income increase, decrease, or remain...
determine the net income for the following years. did the net
income increase, decrease, or remain unchanged in this three-year
period.
Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100. 63.4 61.9 59.1 15.3 14.8 15.1 Trend Percents Current Yr 1...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow Sales...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow Sales Common-site Percent 2017 2016 2015 100.00 100.00 100.01 63.4 61.2 56.4 14.3 13.8 14.1 Trend Percents 2017 2016 2015 104.56 103.36 100.00 117.5 112.1 100.0 106.1 101.1 100.0 Cost of goods sold Operating expenses Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 2015 $ Sales Cost of Goods Sold Operating Expenses Net Income 100,000 56,400 14,100...
Common-sire and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size...
Common-sire and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2015 2014 2013 2015 2014 2013 Sales 100.0% 100.0% 100.0% 104,4% 103.2% 100.0% Cost of goods sold 63. 1 60.9 57.3 115.0 109.7 100.0 Total expenses 14.3 13.8 14.1 105.9 101.0 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2015 2014 $ Sales Cost of Goods Sold...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 554,143 $ 424,519 Cost of goods sold 333,594 266,173 2013 $ 294,600 188,544 Gross profit Selling expenses Administrative expenses 220,549 78,688 49,873 158,346 58,584 37,358 106,056 38,887 24,452 Total expenses 128,561 95,942 63,339...
Check my work Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. 1.11 points Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63.6 61.4 57.9 14.4 13.9 14.2 Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago 105.1% 103.9% 100.0% 115.4 110.2 100.0 106.7 101.7 100.0 eBook Hint...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 63.6 61.4 57.9 14.4 13.9 14.2 Current Yr 105.1% 115.4 106.7 Trend Percents 1 Yr Ago 103.9% 110.2 101.7 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?...
Check my work Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.00 100.00 100.00 63.4 61.2 57.4 13.8 14.1 Current Y 104.58 115.4 106.1 Trend Percenta 1 Yr Ago 103.38 110.1 101.1 2 Yrs Ago 100.00 100.0 100.0 14.3 Book Determine the net income for the following years. Did the net income increase, decrease, or remain...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2 Yrs Ago 2 Yrs Ago 1 Yr Ago Current Yr 1 Yr Ago 100.0% Current Yr Sales 100.0% 100.0% 104.4% 100.0% 103.2% Cost of goods sold Total expenses 57.6 63.5 61.3 115.1 109.8 100.0 14.3 14.1 100.0 13.8 105.9 101.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.4 61.2 57.5 14.4 13.9 14.2 Trend Percents 2017 2016 2015 104.89 103.6% 100.0% 115.6 110.3 100.0 106.4 101.4 100.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 Sales Cost of Goods Sold Operating Expenses Net Income 2015 100,000 57,500 14,200 28,300...
determine the net income for the following years. did the net
income increase, decrease, or remain unchanged in this three-year
period.
Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100. 63.4 61.9 59.1 15.3 14.8 15.1 Trend Percents Current Yr 1...
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow Sales Common-site Percent 2017 2016 2015 100.00 100.00 100.01 63.4 61.2 56.4 14.3 13.8 14.1 Trend Percents 2017 2016 2015 104.56 103.36 100.00 117.5 112.1 100.0 106.1 101.1 100.0 Cost of goods sold Operating expenses Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 2015 $ Sales Cost of Goods Sold Operating Expenses Net Income 100,000 56,400 14,100...
Common-sire and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2015 2014 2013 2015 2014 2013 Sales 100.0% 100.0% 100.0% 104,4% 103.2% 100.0% Cost of goods sold 63. 1 60.9 57.3 115.0 109.7 100.0 Total expenses 14.3 13.8 14.1 105.9 101.0 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2015 2014 $ Sales Cost of Goods Sold...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 554,143 $ 424,519 Cost of goods sold 333,594 266,173 2013 $ 294,600 188,544 Gross profit Selling expenses Administrative expenses 220,549 78,688 49,873 158,346 58,584 37,358 106,056 38,887 24,452 Total expenses 128,561 95,942 63,339...
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