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Horizontal and Vertical Analysis of income statement.
Financial information for Blevins Inc. is presented below.
2009
2008
Amount
Sales
$750,000
$600,000
Cost of goods sold
465000
390000
Gross profit
$285,000
210000
Selling expenses
120000
72,000
Administrative expense
$60,000
54,000
Income before tax
$105,000
84,000
Income tax expense
$33,000
24,000
Net income
$72,000
60,000
Prepare a schedule showing a vertical analysis for 2009 and 2008. Prepare horizontal analysis. Prepare vertical analysis.
Calculate the equity method balance in Corgan's investment in smashing, inc., account as of december 31, 2011. prepare the worksheet adjustment for the december 31, 2011, consolidation of corgan and smashing.
The combined federal and state tax rate is 40 percent. Compute the NPV of each alternative. Should the company keep the old MRI equipment or buy the new one?
Total partnership net assets will logically be revalued to $1,080,000 on the basis of the price paid by Mary Ann. Total capital of the new partnership will be $840,000 considering no revaluation.
Wrecker Computing sells merchandise for $5,000 cash on September 30 (cost of merchandise is $2,900). The sales tax law requires Wrecker to collect 4% sales tax on every dollar of merchandise sold
A company has current assets of $607,500 and current liabilities of $262,700. The board of directors declares a cash dividend of $167,000. What is the current ratio after the declaration but before payment?
Computation of contribution per unit for various models - What is the per unit contribution margin for each of the two models?
If the estimated direct labor cost was $315,000, illustrate what was the estimated manufacturing overhead? overhead based on machine hours?
The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.
calculate the return on equity from the data.selected information for henry company is as follows.nbsp20062007common
Determine whether the omitted procedure is important in supporting the auditors' opinion on the entity's financial statements. Engage another public accounting firm to conduct a quality assurance review.
Purpose the journal entry to record the impairment loss, if any, and show where the loss would be reported in the income statement.
This is the remaining balance of a twelve-month subscription purchased on September 30 in the current year. How much did this subscription originally cost?
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