Reference no: EM13753330
Operating data for Navarro Corporation are presented below. 2015 2014 Net sales $750,000 $600,000 Cost of goods sold 465,000 390,000 Selling expenses 105,000 66,000 Administrative expenses 60,000 54,000 Income tax expense 36,000 27,000 Net income 84,000 63,000 Prepare a schedule showing a vertical analysis for 2015 and 2014. (Round answers to 1 decimal place, e.g. 48.5%.) NAVARRO CORPORATION Condensed Income Statements For the Years Ended December 31 2015 2014 Amount Percent Amount Percent Net sales $750,000 % $600,000 % Cost of goods sold 465,000 % 390,000 % Gross profit 285,000 % 210,000 % Selling expenses 105,000 % 66,000 % Administrative expenses 60,000 % 54,000 % Total operating expenses 165,000 % 120,000 % Income before income taxes 120,000 % 90,000 % Income taxes expense 36,000 % 27,000 % Net income $84,000 % $63,000 %
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Prepare the journal entry to record the call of the bonds
: Three years ago American Insulation Corporation issued 10 percent, $820,000, 10-year bonds for $780,000. Debt issue costs were $4,000. American Insulation exercised its call privilege and retired the bonds for $810,000. Prepare the journal entry to r..
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Define given term- cloud computing and hardware platforms
: Define given term- Cloud computing and Hardware platforms
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Ow did the cold war shape developments in europe
: How did the strategies to end World War II lead to the outbreak of the Cold War? How did the Cold War shape developments in Europe, China, Viet Nam, and Korea?
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Analyze the inventory accounts to determine
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About the operating data
: Operating data for Navarro Corporation are presented below. 2015 2014 Net sales $750,000 $600,000 Cost of goods sold 465,000 390,000 Selling expenses 105,000 66,000 Administrative expenses 60,000 54,000 Income tax expense 36,000 27,000 Net income 84,..
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What are the variable costs per unit
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Which statements about operations management
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About cost behavior
: The true statement about cost behavior is that:
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Compute for each year the accounts receivable turnover
: The following data are taken from the financial statements of Rainsberger Company. 2015 2014 Accounts receivable (net), end of year $550,000 $520,000 Net sales on account 3,960,000 3,100,000 Terms for all sales are 1/10, n/60. Collapse question part ..
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