Business, 23.01.2020 20:31 deedee363

Using the following information, prepare a vertical analysis of two years' income statements. fees earned is $153,500 for year 2 and $149,700 for year 1. operating expenses are $122,800 for year 2 and $127,245 for year 1. which of the following statements are true?

a. operating income has decreased as a percentage of revenue.
b. operating income has increased as a percentage of revenue.
c. none of these choices are correct.
d. operating expenses have increased as a percentage of revenue.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:30

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Answers: 3

Answer

Business, 22.06.2019 01:00

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturingâ€‹ company: work in process inventory â€‹$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additionalâ€‹ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.â€‹ 151, for which total direct labor charges were $ 5 comma 700 â€‹(1 comma 000 direct laborâ€‹ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured forâ€‹ january

Answers: 1

Answer

Business, 22.06.2019 11:50

The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000

Answers: 3

Answer

Business, 22.06.2019 14:30

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

Answers: 1

Answer

You know the right answer?

Using the following information, prepare a vertical analysis of two years' income statements. fees e...

Questions