alexismb9107 alexismb9107

02-01-2023
Business

Answered

Here are the comparative income statements of delaney corporation. delaney corporation comparative income statements for the years ended december 31 2020 2019 net sales $598,000 $500,000 cost of goods sold 477,000 420,000 gross profit 121,000 80,000 operating expenses 80,000 44,000 net income $ 41,000 $ 36,000 (a) prepare a horizontal analysis of the income statement data for delaney corporation, using 2019 as a base. (show the amounts of increase or decrease. )

Answer :

Other Questions

Payne company reported the following information for the current year: sales $ 1,600,000 average operating assets $ 500,000 desired roi 14 % net income $ 85,000

In year 1 ending inventory is overstated by $2,000. explain the effect on cost of goods sold, gross profit and net income in year 1 and year 2 select all answer

Thrasher company reported income before taxes of $180,000. the company is in a 30% income tax bracket. also, thrasher's income statement contained a charge for

Department square footage number of employees clothes 28,000 75 shoes 12,000 50 required: 1. allocate indirect expenses to the two operating departments. 2. pre

1. measure the ability of the company to generate income from the use of its assets and invested capital as well as control its cost. a. solvency ratio c. profi

Corporations purchase and hold their own stock, known as treasury stock, for several reasons. Identify which of the following is not a reason that a corporation

Be10.8 (lo 3) navajo corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer with a fair value of $3,300. navajo a

Valber company is considering eliminating its phone division. the company allocates fixed costs based on sales. if the phone division is dropped, $150,000 of th

In a given year, businesses invest $2 trillion, exports total $1.5 trillion, imports total $3 trillion, consumers spend $5 trillion, and the government spends $

An economy has a marginal propensity to consume of 0,5 and Y* income-expenditure equilibrium GDP, equals $500 billion. Given an autonomous increase in planned i