MSC Global Shipping Company Tax RateCOMPARITIVE INCOME STATEMENT 30%for years ended 31 December 2021Increased by 3/4%2022 Revenues and gains *Sales revenue 179,00075%313,250 *Interest revenue 414,00075%724,500 *Investment Income 48,10075%84,175 *Other revenue 106,73075%186,778 Total revenue and gains$747,830 $1,308,703 Expenses and losses Decreased by 1/2% **Cost of goods sold450,00050%225,000 **Selling and admin administrative31,54050%15,770 ***Computer (operating)75,00050%37,500 **Depreciation 36,50050%18,250 **Interest expense 39,00050%19,500 Total expenses and losses $ 632,040 $316,020 Income before taxes115,790 992,683 Income tax expense (30%)34,737 297,805 Net Income $81,053 $694,878 1. Give a brief analysis of the data found, what are the differences? what can be done to increase growth for the business in the next year?

Introduction:The comparative income statement of MSC Global Shipping Company for the years 2021 and…

Answered: 1. Give a brief analysis of the data…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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*MSC Global Shipping Company*		Tax Rate
COMPARITIVE INCOME STATEMENT		30%
for years ended 31 December
			2021	Increased by 3/4%	2022
Revenues and gains
*Sales revenue		179,000	75%	313,250
*Interest revenue		414,000	75%	724,500
*Investment Income		48,100	75%	84,175
*Other revenue		106,730	75%	186,778
Total revenue and gains	$747,830		$1,308,703

Expenses and losses		Decreased by 1/2%
**Cost of goods sold	450,000	50%	225,000
**Selling and admin administrative	31,540	50%	15,770
***Computer (operating)	75,000	50%	37,500
**Depreciation		36,500	50%	18,250
**Interest expense		39,000	50%	19,500
Total expenses and losses	$ 632,040		$316,020
Income before taxes	115,790		992,683
Income tax expense (30%)	34,737		297,805
Net Income		$81,053		$694,878

1. Give a brief analysis of the data found, what are the differences? what can be done to increase growth for the business in the next year?

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