Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of...
Operating data for Bridgeport Corp. are presented below.
|
2022 |
2021 |
|||
|---|---|---|---|---|
|
Sales revenue |
$826,200 | $641,300 | ||
|
Cost of goods sold |
523,300 | 414,500 | ||
|
Selling expenses |
121,800 | 78,500 | ||
|
Administrative expenses |
77,100 | 51,300 | ||
|
Income tax expense |
36,600 | 25,700 | ||
|
Net income |
67,400 | 71,300 |
Prepare a schedule showing a vertical analysis for 2022 and 2021.
(Round percentages to 1 decimal place, e.g.
12.1%.)
|
BRIDGEPORT CORP. |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
2022 |
2021 |
||||||||
|
Amount |
Percent |
Amount |
Percent |
||||||
|
Sales |
$826,200 |
enter percentages |
% |
$641,300 |
enter percentages |
% |
|||
|
Cost of goods sold |
523,300 |
enter percentages |
% |
414,500 |
enter percentages |
% |
|||
|
Gross profit |
302,900 |
enter percentages |
% |
226,800 |
enter percentages |
% |
|||
|
Selling expenses |
121,800 |
enter percentages |
% |
78,500 |
enter percentages |
% |
|||
|
Administrative expenses |
77,100 |
enter percentages |
% |
51,300 |
enter percentages |
% |
|||
|
Total operating expenses |
198,900 |
enter percentages |
% |
129,800 |
enter percentages |
% |
|||
|
Income before income taxes |
104,000 |
enter percentages |
% |
97,000 |
enter percentages |
% |
|||
|
Income tax expense |
36,600 |
enter percentages |
% |
25,700 |
enter percentages |
% |
|||
|
Net income |
$ 67,400 |
enter percentages |
% |
$ 71,300 |
enter percentages |
% |
|||
Homework Answers
Add Answer to:
Operating data for Bridgeport Corp. are presented below. 2022 2021 Sales revenue $826,200 $641,300 Cost of...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
Here are the comparative income statements of Blossom Corporation. BLOSSOM CORPORATION Comparative Income Statement For the...
Here are the comparative income statements of Blossom Corporation. BLOSSOM CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $632,600 $521,900 Cost of goods sold 463,600 410,400 Gross Profit 169,000 111,500 Operating expenses 79,300 47,200 Net income $ 89,700 $ 64,300 (a) Prepare a horizontal analysis of the income statement data for Blossom Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or...
The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented...
The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Bridgeport Corp.'s net income for 2022 was $76,500. Depreciation expense was $13,500. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $52,500 40,000 84,000 13,500 $190,000 $ 49,500 44,500 86,000 11,000 $191,000 $ 7,500 42,500 $50,000 $ 2,500 46,000 $ 48,500 Prepare the net cash provided (used) by operating...
The current sections of Bridgeport Corp's balance sheets at December 31, 2021 and 2022. are presented...
The current sections of Bridgeport Corp's balance sheets at December 31, 2021 and 2022. are presented here. Bridgeport Corp's net income for 2022 was $127.000. Depreciation expense was $21,000 2022 2021 Current assets Cash $31.000 $44.500 Accounts receivable 42.500 34.500 39,000 31.000 Prepaid expenses 8.500 9.500 Total current assets $121.000 $119.500 Current abilities Accrued expenses payable $3.000 $ 8.000 Accounts payable 44.000 36.000 Total current abilities $47.000 $44.000 Prepare the net cash provided by operating activities section of the company's...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $839,100 522,400 121,700 76,200 34,200 84,600 2021 $649,000 410,700 76,300 54,000 24,400 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) SHEFFIELD CORP. Condensed Income Statement 2022 Percent 2021 Percent Amount Amount $649,000 Sales $839,100 % Cost of goods sold 522,400 % 410,700...
thank you!! Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
need this ASAP please! Bridgeport Corp. Comparative Balance Sheets December 31 Assets 2021 Cash $ 129,280...
need
this ASAP please!
Bridgeport Corp. Comparative Balance Sheets December 31 Assets 2021 Cash $ 129,280 $ 77,440 Accounts receivable 140,480 60,800 Inventory 180,000 Prepaid expenses 45,440 164,560 41,600 174,400 Long-term investments 220,800 Plant assets 456,000 388,000 Accumulated depreciation (80,000) $1,092,000 (83,200 ) $823,600 Total Liabilities and Stockholders' Equity Accounts payable $ 163,200 $ 107,680 Accrued expenses payable 26,400 Bonds payable 176,000 352,000 33,600 233,600 280,000 Common stock Retained earnings 374,400 $1.092.000 Total 168.720 $823,600 Bridgeport Corp. Income Statement Data...
Presented below is information related to Bridgeport Corp. for the year 2017. Net sales $1,324,900 Write-off...
Presented below is information related to Bridgeport Corp. for
the year 2017.
Net sales
$1,324,900
Write-off of inventory due to obsolescence
$80,970
Cost of goods sold
788,800
Depreciation expense omitted by accident in 2016
46,300
Selling expenses
67,600
Casualty loss
51,500
Administrative expenses
54,300
Cash dividends declared
46,010
Dividend revenue
27,900
Retained earnings at December 31, 2016
1,020,840
Interest revenue
8,170
Effective tax rate of 34% on all items
Exercise 4-9 (Part Level Submission) Presented below is information related to...
Operating data for Marigold Corp. are presented below. 2022 2021 Sales revenue $837,800 $621,700 Cost of goods sold 528,600 409,400 121,500 73,300 Selling expenses Administrative expenses 76,900 54,800 Income tax expense 35,900 28,300 Net income 74,900 55,900 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) MARIGOLD CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $837,800 % $621,700 % Cost of goods sold 528,600 % 409,400 %%...
Operating data for Blue Spruce Corp. are presented below. 2022 2021 Sales revenue Cost of goods sold Selling expenses $834.000 $623,500 530,700 409,600 129,000 76,200 79,600 51.000 33,500 26,800 61,200 59,900 Administrative expenses Income tax expense Net income Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) BLUE SPRUCE CORP. Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $834,000 % $623.500 Cost of goods sold 530,700 % 409,600...
The current sections of Bridgeport Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Bridgeport Corp.'s net income for 2022 was $76,500. Depreciation expense was $13,500. 2022 2021 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $52,500 40,000 84,000 13,500 $190,000 $ 49,500 44,500 86,000 11,000 $191,000 $ 7,500 42,500 $50,000 $ 2,500 46,000 $ 48,500 Prepare the net cash provided (used) by operating...
The current sections of Bridgeport Corp's balance sheets at December 31, 2021 and 2022. are presented here. Bridgeport Corp's net income for 2022 was $127.000. Depreciation expense was $21,000 2022 2021 Current assets Cash $31.000 $44.500 Accounts receivable 42.500 34.500 39,000 31.000 Prepaid expenses 8.500 9.500 Total current assets $121.000 $119.500 Current abilities Accrued expenses payable $3.000 $ 8.000 Accounts payable 44.000 36.000 Total current abilities $47.000 $44.000 Prepare the net cash provided by operating activities section of the company's...
Exercise 13-04 Operating data for Sheffield Corp. are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2022 $839,100 522,400 121,700 76,200 34,200 84,600 2021 $649,000 410,700 76,300 54,000 24,400 83,600 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) SHEFFIELD CORP. Condensed Income Statement 2022 Percent 2021 Percent Amount Amount $649,000 Sales $839,100 % Cost of goods sold 522,400 % 410,700...
thank you!!
Operating data for Martinez Corp are presanted balow ort 2022 2021 Sales revenue $842,600 $639,100 Cost of goods sold 529,000 410,400 Selling expanses 123,900 76,300 Administrative expenses 73,000 52,400 Income tax exopanse 37,700 23,100 Net income 79,000 76,900 Prapare a schadule showing a vertical analysis for 2022 and 2021 (Round parentages to 1 decimal placa, ag 121K) MARTINEZ CORP Condensed Income Statement 2022 2021 Amount Percent Amount Percent Sales $842 600 $639 100 Cost of goods sold 529,000...
Exercise 13-04 (Video) Operating data for Riverbed Corp are presented below. Sales revenue Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income 2020 $880,000 618,640 126,720 61,600 30,800 42,240 2019 $540,000 336,420 64,800 39,420 22,680 76,680 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statement For the Years Ended December 31 V 2020 2019 Amount Percent Amount Percent Sales $880,000 %...
need
this ASAP please!
Bridgeport Corp. Comparative Balance Sheets December 31 Assets 2021 Cash $ 129,280 $ 77,440 Accounts receivable 140,480 60,800 Inventory 180,000 Prepaid expenses 45,440 164,560 41,600 174,400 Long-term investments 220,800 Plant assets 456,000 388,000 Accumulated depreciation (80,000) $1,092,000 (83,200 ) $823,600 Total Liabilities and Stockholders' Equity Accounts payable $ 163,200 $ 107,680 Accrued expenses payable 26,400 Bonds payable 176,000 352,000 33,600 233,600 280,000 Common stock Retained earnings 374,400 $1.092.000 Total 168.720 $823,600 Bridgeport Corp. Income Statement Data...
Presented below is information related to Bridgeport Corp. for
the year 2017.
Net sales
$1,324,900
Write-off of inventory due to obsolescence
$80,970
Cost of goods sold
788,800
Depreciation expense omitted by accident in 2016
46,300
Selling expenses
67,600
Casualty loss
51,500
Administrative expenses
54,300
Cash dividends declared
46,010
Dividend revenue
27,900
Retained earnings at December 31, 2016
1,020,840
Interest revenue
8,170
Effective tax rate of 34% on all items
Exercise 4-9 (Part Level Submission) Presented below is information related to...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 1 hour ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 1 hour ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 4 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 3 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 5 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 5 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 5 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 5 hours ago -
Why are polymers not typically casted into products?
asked 5 hours ago