DN Hill Enterprises Income Statement For Months Ended January February March Net sales Cost of goods sold Gross Profit 266,895 295,750 305,000 175,895 186,850 193,000 91,000 108,900 112,000 Selling expenses Administrative expenses 45,650 45,950 56,550 37,450 39,750 43,750 Total operating expenses 83,100 85,700 100,300 Income before income taxes 7,900 23,200 11,700 Income tax expense (20%) 1,580 4,640 2,340 Net income 6,320 18,560 9,360 COGS 75% variable / 25% fixed Sell Exp 80% variable / 20% fixed Admin Exp 25% variable / 75% fixed What is your projection for 6/30/24 YTD Net Income?

Sales revenue $39,900 $75,300  $573,800 $35,400 $55,100Cost of goods sold 19,000 49,500  265,900 19,300 30,200Operating expenses 10,100 40,500  233,700 11,900 18,300    Total expenses 29,100 90,000  499,600 31,200 48,500Operating profit (loss) $10,800 $(14,700) $74,200 $4,200 $6,600Identifiable assets $35,200 $79,900  $493,400 $66,300 $49,900 Prepare the necessary disclosures required by GAAP

Members of the board of directors of Security One have received the following operating income data for the year ended May 31, 2018: E (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by $82,000 and decrease fixed selling and administrative expenses by $10,000. Read the requirements. Requirement 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. (Use parentheses or a minus sign to enter decreases to profits.) in operating income Requirements 1. Prepare a differential analysis to show whether Security One should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Security One's total operating income under…

III MT217_Unit... Period Ending Total Sales ABC Company Income Statement 31-Dec-15 Cost of Goods Sold $485,651,000 365,086,000 31-Dec-14 $476,294,000 358,069,000 31-Dec-13 $475,210,000 350,400,000 Gross Profit 120,565,000 118,225,000 124,810,000 Selling Generall and Adminstrative 93,418,000 91,353,000 90,343,000 Operating Profit 27,147,000 26,872,000 34,467,000 Total Other Income/Expenses Net 113,000 119,000 115,000 Earnings before Interest and Taxes 27,034,000 26,753,000 34,352,000 Interest Expense 2,461,000 2,335,000 2,200,000 Income Before Tax 24,573,000 24,418,000 32,152,000 Income Tax Expense 7,985,000 8,105,000 9,800,000 Net Income from Continuing Ops 16,588,000 16,313,000 22,352,000 Discontinued Operations 285,000 Net Income (Net Profit) $16.303,000 144,000 $16,169,000 182,000 $22,170,000 14,000,000 Shares outstanding Market Share price per share $10.00 $9.00 $8.50 Q ABC Company Balance Sheet Period Ending 2015 2014 2013 Assets Current Liabilities Current Assets Accounts Payable…