The following are line items from the horizontal analysis of an income statement: Increase/ Increase/ (Decrease) (Decrease) 2017 2016 Amount Percent Fees earned $120,000 $100,000 $20,000 20% Wages expense 50,000 40,000 10,000 25% Supplies expense 600 700 (100) (15)% Employee training expense 700 850 (150) (18)% Which of the line items shows cause for concern? O a. Employee training expense O b. Supplies expense O c. Fees earned O d. Wages expense

The following are line items from the horizontal analysis of an income statement: Increase/ Increase/ (Decrease) (Decrease) 2017 2016 Amount Percent Fees earned $120,000 $100,000 $20,000 20% Wages expense 50,000 40,000 10,000 25% Supplies expense 600 700 (100) (15)% Employee training expense 700 850 (150) (18)% Which of the line items shows cause for concern? O a. Employee training expense O b. Supplies expense O c. Fees earned O d. Wages expense

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Q1) You are required to calculate the Relative Percentage Change in the company for the blanks below and the Net Profit for the other blanks. Show all working out below including the formula used for each year and include the completed table here. Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Net Profit ($ 000’) <blank> 50 200 150 225 250 <blank> 200 250 260 Relative Percentage Change N/A -50% 300% <blank> 50% 11% -30% 14% 25% <blank> Table 1: Net Profit ($) per financial year Q1 a) Using Excel, create a column chart of the Net Profit calculated in part (a) for the years 2010-2019. label the axis and provide an appropriate title. Q1 b) Using Excel, create a Sparkline of the Relative Percentage Change calculated in part (a) for the years 2011-2019. use the Sparkline options to mark if there are any negative values and include a horizontal axis to easily visualise…
Please rank the companies from greatest increase in net income between 2019 and 2020 to lowest increase in net income.
How much net income did Wolf Enterprises earn during 2021? Net income for 2021 was Cost of services sold Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2020 $ 14,500 Service revenue 40,800 Depreciation expense Other revenue 6,100 Dividends declared Income tax expense 2,700 Income tax payable 32,400 4,200 700 700 500 1,100
- What are the firm’s current ratios for 2018 and 2019?
The following are line items from the horizontal analysis of an income statement: Increase/ Increase/ (Decrease) (Decrease) 2018 2017 Amount Percent Fees earned $120,000 $100,000 $20,000 20% Wages expense 50,000 40,000 10,000 25% Supplies expense 600 800 ? ? Complete the last line of the analysis shown above. O a. (200) and (33)%, respectively O b. 200 and 33%, respectively O c. 200 and 25%, respectively O d. (200) and (25) %, respectively
I. Complete the horizontal analysis below. Use the name of the company you belong to in your iLS Activity. Round off your answers to the nearest hundredths. Name: Income Statement for the years ending December 31, 201X and December 31, 201Y 2015 2016 Annual Percentage Growth 2015-2016 Sales 475,000 500,000 1. Cost of Goods Sold 265,000 269,000 2. Gross Profit 210,000 231,000 3. Wages 154,000 163,000 4. Repairs 5,800 4,150 5. Rent 13,000 12,000 6. Taxes 16,940 17,930 7. Office Expenses 1,023 587 8. Total Expenses 190,763 197,667 9. Net Income 19,237 33,333 10. II. Analyze the following ratios (Good/Not good, Undervalued/Overvalued, or just OK) based on the given industry averages. Write the answers in the spaces provided. Ratios Annual Data Industry Average Interpretation Current 5.7 4 Days Sales Outstanding 37 days 42 days Total Debt to Total Capital 47.80% 32.60% Times-Interest Earned 2.2 6 Profit Margin 6.10% 6.00% Return on Invested Capital 10.03% 10.00% Enterprise Value to EBITDA…
f
Please help me with show all calculation thanku
Please solve the question sub-division b alone.
Please help
9 - The income statement of a Business for the period 2019 is as follows: 31.12.2019 % Gross sales 45.200 TL 102.72 Discounts From Sales 1.200 TL 2.72 Net Sales 44,000 TL 100.00 Cost of sales 12.500 TL 28.41 Gross Profit on Sales 31,500 TL 71.59 This table was prepared according to which of the following analysis methods? a) Technical analysis B) Analysis with Vertical Percentage Method NS) Ratio Analysis D) Comparative Tables Analysis TO) Trend Percentages Analysis
1