Homework Answers
1.
| 2015 | 2014 | 2013 | |
| Sales | $104,400 ($100,000*104.4%) | $103,200 ($100,000*103.2%) | $100,000 |
| Cost of goods sold | 65,895 ($57,300*115%) | 62,858 ($57,300*109.7%) | 57,300 |
| Total expenses | 14,932 ($14,100*105.9%) | 14,241 ($14,100*101%) | 14,100 |
| Net income | $23,573 | $26,101 | $28,600 |
Net income decreased in this three year period.
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Common-sire 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...
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...
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-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...
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...
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 Yr1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63. 6 61.4. 57.9 14.4 9 13. 1 4.2 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...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold:...
Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts re...
Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 625,790 $ 406,357 5 318,711 $ 214,620 $ 153,300 302,929 196,651 156,031 184,518 73,584 30,413 23,772 21,832 12,555 10,455 Book Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: I 2017: 2016: 2015: 2014: Reforences Trend Percent for Cost of Goods Sold:...
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...
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-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...
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...
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 Yr1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63. 6 61.4. 57.9 14.4 9 13. 1 4.2 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...
Exercise 13-3 Computation and analysis of trend percents LO P1 Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 671,646 $ 436,134 $ 353, 145 $ 237, 010 $ 173,000 324,840 210,944 172,710 115,565 83,040 32,642 25, 601 24,190 13,841 11,868 Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: Sales 2017: 2016: 2015: 2014: Trend Percent for Cost of Goods Sold:...
Exercise 13-3 Computation and analysis of trend percents LO P1 133 points Sales Cost of goods sold Accounts receivable 2017 2016 2015 2014 2013 $ 625,790 $ 406,357 5 318,711 $ 214,620 $ 153,300 302,929 196,651 156,031 184,518 73,584 30,413 23,772 21,832 12,555 10,455 Book Compute trend percents for the above accounts, using 2013 as the base year. Trend Percent for Net Sales: Choose Denominator: Choose Numerator: I 2017: 2016: 2015: 2014: Reforences Trend Percent for Cost of Goods Sold:...
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