Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage. Formula: Percentage Change = 100 × Later Period Amount − Base Period Amount Base Period Amount To compute: The percentage increase / decrease in net sales and net income.

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Answer 1

Question

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2014.

b)

To determine

Conclusion about the companies

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Chapter 18 Homework i Saved 15 Exercise 18-14 (Algo) Contribution margin income statement LO C2 1 points eBook Hint Sunn Company manufactures a single product that sells for $190 per unit and whose variable costs are $133 per unit. The company's annual fixed costs are $628,000. The sales manager predicts that next year's annual sales of the company's product will be 39,800 units at a price of $198 per unit. Variable costs are predicted to increase to $138 per unit, but fixed costs will remain at $628,000. What amount of income can the company expect to earn under these predicted changes? Prepare a contribution margin income statement for the next year. SUNN COMPANY Contribution Margin Income Statement Units $ per unit 39,800 $ 198 Ask Sales Variable costs 39,800 Print Contribution margin 39,800 Fixed costs Income References Mc Graw Hill $ 7,880,400 138 5,492,400 2,388,000 628,000 $ 1,760,000 Help Save & Exit Submit Check my work

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Answer 2

Question

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2014.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Answer 3

Question

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2014.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Answer 4

Question

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2014.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Answer 5

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2014.

b)

To determine

Conclusion about the companies

Answer 6

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

Answer 7

Chapter 13, Problem 13.3EYCT

(a)1.

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

$Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount$

To compute: The percentage increase / decrease in net sales and net income.

Answer 8

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

Answer 9

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

Answer 10

3.

To determine

The basic earnings per share for 2014.

Answer 11

3.

To determine

The basic earnings per share for 2014.

Answer 12

b)

To determine

Conclusion about the companies

Answer 13

b)

To determine

Conclusion about the companies

Answer 14

Expert Solution & Answer

Answer 15

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Answer 16

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Answer 17

Ch. 13 - Prob. 1Q Ch. 13 - Prob. 2Q Ch. 13 - Prob. 3Q Ch. 13 - Prob. 4Q Ch. 13 - Prob. 5Q Ch. 13 - Prob. 6Q Ch. 13 - Prob. 7Q Ch. 13 - Prob. 8Q Ch. 13 - Prob. 9Q Ch. 13 - (a) Distinguish among the following bases of...

Solution Summary: The author explains that horizontal analysis is prepared to determine the changes in the financial statements for the previous year to the current year.

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To compute: The percentage increase / decrease in net sales and net income.

The basic earnings per share for 2014.

Conclusion about the companies

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Chapter 13 Solutions