Homework Answers
Option B. Net sales
The base for any item in the income statement while performing a Vertical analysis is Net sales.
So, Net sales for the Year will be taken as base for Operating Expenses too.
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This Question: 10 pts 16 of 44 In performing vertical analysis, the base for operating expenses...
3 pts Question 10 In vertical analysis, the base amount for computing the percentage for depreciation...
3 pts Question 10 In vertical analysis, the base amount for computing the percentage for depreciation expense is generally O depreciation expense in a previous year. net sales. gross profit O net income.
1 pts In performing a vertical analysis of an income statement, which of the following is...
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
QUESTION 1 In performing a vertical analysis, the base for Selling Expense is.. o total current...
QUESTION 1 In performing a vertical analysis, the base for Selling Expense is.. o total current assets. total assets. total revenues. total expenses. Click Save and Submit to saue and submit. Click Save All Answers to save all ansz Sav
In a vertical analysis, the base for cost of goods sold is a. total selling expenses...
In a vertical analysis, the base for cost of goods sold is a. total selling expenses b. sales c. total expenses d. gross profit Which of the following is (are) objective(s) of lean manufacturing? a. eliminating waste b. increasing inventory levels c. increased production speed d. all of the above
Toulou ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14 - vertical & common size...
Toulou ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 10 of 15 (8 complete) 14.2-18a Jill Corporation prepared a vertical analysis of its income statement and the following excerpt is available: Sales $1,500,000 Cost of Goods Sold $689,400 Gross Profit $810.600 What is the cost of Goods Sold percentage as found on a vertical analysis income statement? O A. 45.00% OB. 2.18% O c. 100% OD. 54.04% Click...
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...
A company has net sales of $222,000, cost of goods sold $89,000, operating expenses of $55,000,...
A company has net sales of $222,000, cost of goods sold $89,000, operating expenses of $55,000, and other expenses of $5,000. The company's net income IS: A. OB. O C. OD, $78,000. $128,000. $34,000. $73,000. A customer purchased items on account from Silverfish, Inc. After a few days, the customer returned the goods. Silverfish, Inc. will issue a: OA. debit memorandum. OB, return receipt. C. credit memorandum O D. refund check. Companies that want a "middle ground" solution to net...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 16%. O B. 71%. O c. 28%. OD. 29%
Help me finish the vertical analysis schedule Operating data for Joshua Corporation are presented below. 2020...
Help me finish the vertical analysis schedule
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $748,000 466,752 119,680 64,328 38,148 59,092 $596,000 394,552 75,096 48,872 20,264 57,216 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%.) Amount Percent Amount Percent Sales revenue $748,000 100 $596,000 100 Cost of goods sold 466,752 100 394,552...
Answer question 2 and 3 ty （2. vertical analysis 3. simple explaination） Chapter 16 Homework Problem...
Answer question 2 and 3 ty （2. vertical analysis 3. simple
explaination）
Chapter 16 Homework Problem erkitch Company's condensed comparative income statements and comparative balance sheets for 2016 and 2015 follow Merkitch Company Comparative Income Statements For the Years Ended December 31, 2016 and 2015 2016 2015 Net sales Cost of goods sold Gross profit Operating expenses $3,276,800 2,088,800 $1,188,000 $3,146,400 2,008,400 $1,138,000 $518,000 423,200 $924,000$941,200 $196,800 39,200 $157,600 56,800 100,800 $2.52 $476,800 447,200 Selling expenses Administrative expenses Total operating...
3 pts Question 10 In vertical analysis, the base amount for computing the percentage for depreciation expense is generally O depreciation expense in a previous year. net sales. gross profit O net income.
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
QUESTION 1 In performing a vertical analysis, the base for Selling Expense is.. o total current assets. total assets. total revenues. total expenses. Click Save and Submit to saue and submit. Click Save All Answers to save all ansz Sav
Toulou ACC141 OM2 Managerial Accounting Homework: Assign 3 - chap 14 - vertical & common size Score: 0 of 1 pt 10 of 15 (8 complete) 14.2-18a Jill Corporation prepared a vertical analysis of its income statement and the following excerpt is available: Sales $1,500,000 Cost of Goods Sold $689,400 Gross Profit $810.600 What is the cost of Goods Sold percentage as found on a vertical analysis income statement? O A. 45.00% OB. 2.18% O c. 100% OD. 54.04% Click...
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...
A company has net sales of $222,000, cost of goods sold $89,000, operating expenses of $55,000, and other expenses of $5,000. The company's net income IS: A. OB. O C. OD, $78,000. $128,000. $34,000. $73,000. A customer purchased items on account from Silverfish, Inc. After a few days, the customer returned the goods. Silverfish, Inc. will issue a: OA. debit memorandum. OB, return receipt. C. credit memorandum O D. refund check. Companies that want a "middle ground" solution to net...
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 16%. O B. 71%. O c. 28%. OD. 29%
Help me finish the vertical analysis schedule
Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income $748,000 466,752 119,680 64,328 38,148 59,092 $596,000 394,552 75,096 48,872 20,264 57,216 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, eg. 48.5%.) Amount Percent Amount Percent Sales revenue $748,000 100 $596,000 100 Cost of goods sold 466,752 100 394,552...
Answer question 2 and 3 ty （2. vertical analysis 3. simple
explaination）
Chapter 16 Homework Problem erkitch Company's condensed comparative income statements and comparative balance sheets for 2016 and 2015 follow Merkitch Company Comparative Income Statements For the Years Ended December 31, 2016 and 2015 2016 2015 Net sales Cost of goods sold Gross profit Operating expenses $3,276,800 2,088,800 $1,188,000 $3,146,400 2,008,400 $1,138,000 $518,000 423,200 $924,000$941,200 $196,800 39,200 $157,600 56,800 100,800 $2.52 $476,800 447,200 Selling expenses Administrative expenses Total operating...
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