Use the following information to answer question: Measure 2017 2018 2019 Annual total revenues (000s) $10,374...
Use the following information to answer question:
|
Measure |
2017 |
2018 |
2019 |
|
Annual total revenues (000s) |
$10,374 |
$19,824 |
$24,024 |
|
No. of iPhone 6 sold (avg. price $299) |
20,000 |
2,500 |
1,000 |
|
No. of iPhone 7 sold (avg. price $649) |
6,000 |
14,000 |
5,000 |
|
No. of iPhone 8 sold (avg. price $999) |
500 |
10,000 |
20,500 |
What is the number of iPhone 8 units sold percentage change for 2018 to 2019
Homework Answers
Sale percentage change = (2019 unit sale-2018 Unit sale)/2018 unit sale
= (20500-10000)/10000
Sale percentage change = 105%
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Use the following information to answer question: Measure 2017 2018 2019 Annual total revenues (000s) $10,374...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400 $162500 $161,500 Cost of goods sold 115,000 102,500 100.000 Operating expenses 50.000 50.000 45,000 Net income 13400 10,000 10,500 Refer to the information for Miami Company. In a percentage change income statement over the period of 2017 to 2019. what is the change in sales? 14,733 0.1056 90
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash $ 64 $ 25 Accounts receivable 42 55 Less: Allowance for uncollectible accounts (4 ) (3 ) Dividends receivable 4 3 Inventory 75 70 Long-term investment 22 20 Land 85 65 Buildings and...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable 6,000 6,600 Inventory 4,000 4,400 Prepaid Assets 3,000 3,300 Other Assets 1,000 1,100 Total Current Assets 15,000 285,796 Net PPE 90,000 73,000 Intangibles 6,000 6,000 Total Assets 111,000 364,796 Accounts Payable 2,000 2,200 Salary Payable 2,000 2,200 Notes Payable 9,000 9,000 Total Current Liabilities 13,000 13,400 Long-Term Debt 20,000 20,000 Total Liabilities 33,000 33,400 Common Stock 90,000 90,000 Retained Earnings -12,000 241,396 total equity...
Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400...
Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Operating income 13,400 10,000 10,500 In comparison to year 2018, the increase in operating income of 2019 was primarily caused by (ignore taxes): Multiple Choice A. the effect of sales growth. B. the answer cannot be derived from the information provided. C. the effect of cost of goods...
Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400...
Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Operating income 13,400 10,000 10,500 In comparison to year 2018, the increase in operating income of 2019 was primarily caused by (ignore taxes): Multiple Choice A. the effect of sales growth. B. the answer cannot be derived from the information provided. C. the effect of cost of goods...
Owners' Equity Homework Problem 1° The following balances are from the Cheyenne's Accounting Company 2017 2018...
Owners' Equity Homework Problem 1° The following balances are from the Cheyenne's Accounting Company 2017 2018 20,000 50,000 3,000 190,000 60,000 70,000 5,000 10,000 42,000 4,000 180,000 50,000 40,000 10,000 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries Payable Taxes Payable Note Payable Common Stock ($1 Par) Paid In Capital Retained Earnings Accounting Fees Salary Expense Rent Expense Interest Expense Depreciation Expense 100,000 500 4,500 31,000 70,000 2,000 18,000 35,000 100,000 40,000 24,000 6,000 10,000 The common...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
The following financial statements apply to Karl Company: 2019 Revenues Net sales Other revenues $420,000 350,000...
The following financial statements apply to Karl Company: 2019
Revenues Net sales Other revenues $420,000 350,000 10,000 360,000
16,000 436,000 Total revenues Expenses Cost of goods sold Selling
expenses General and administrative expenses Interest expense
Income tax expense 252,000 42,000 22,000 6,000 42,000 364,00e
206,000 38,000 20,000 6,000 36,000 306,000 Total expenses Net
income Assets Current assets $ 72,000 $ 54,000 $ 8,000 16,000
Marketable securities Accounts receivable Inventories Prepaid
expenses 70,000 200,000 6,000 286,000 210,000 40,000 $536,000
64,000 192,000...
Please help thank you Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's...
Please help thank you
Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 in 000s) 2018 2017 Assets s 60 39 78 Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable 90 52 85 Inventory Long-term investment Land 46 95 75 Buildings and equipment Less: Accumulated...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross sales $ 19,000 $ 15,000 Sales returns and allowances 1,000 100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold 12,000 9,000 Gross profit $ 6,000 $ 5,900 Operating expenses: Depreciation $ 700 $ 600 Selling and administrative 2,200 2,000 Research 550 500 Miscellaneous 360 300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500...
Miami Company Miami Company included the following information in its annual reports 2019 2018 2017 $178,400 $162500 $161,500 Cost of goods sold 115,000 102,500 100.000 Operating expenses 50.000 50.000 45,000 Net income 13400 10,000 10,500 Refer to the information for Miami Company. In a percentage change income statement over the period of 2017 to 2019. what is the change in sales? 14,733 0.1056 90
Owners' Equity Homework Problem 1° The following balances are from the Cheyenne's Accounting Company 2017 2018 20,000 50,000 3,000 190,000 60,000 70,000 5,000 10,000 42,000 4,000 180,000 50,000 40,000 10,000 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries Payable Taxes Payable Note Payable Common Stock ($1 Par) Paid In Capital Retained Earnings Accounting Fees Salary Expense Rent Expense Interest Expense Depreciation Expense 100,000 500 4,500 31,000 70,000 2,000 18,000 35,000 100,000 40,000 24,000 6,000 10,000 The common...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
The following financial statements apply to Karl Company: 2019
Revenues Net sales Other revenues $420,000 350,000 10,000 360,000
16,000 436,000 Total revenues Expenses Cost of goods sold Selling
expenses General and administrative expenses Interest expense
Income tax expense 252,000 42,000 22,000 6,000 42,000 364,00e
206,000 38,000 20,000 6,000 36,000 306,000 Total expenses Net
income Assets Current assets $ 72,000 $ 54,000 $ 8,000 16,000
Marketable securities Accounts receivable Inventories Prepaid
expenses 70,000 200,000 6,000 286,000 210,000 40,000 $536,000
64,000 192,000...
Please help thank you
Required information The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 in 000s) 2018 2017 Assets s 60 39 78 Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable 90 52 85 Inventory Long-term investment Land 46 95 75 Buildings and equipment Less: Accumulated...
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