Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 6.00

Spyres Manufacturing Company

Comparative income statements of Spyres Manufacturing Company for Years 9 and 8 are reproduced

below:

 

Year 9

Year 8

Net sale

$600,000

$500,000

Cost of goods sold

490,000

430,000

Gross margin

110,000

70,000

Operating expenses

101,000

51,000

Income before taxes

9,000

19,000

Income taxes

2,400

5,000

Net income

$ 6,600

$ 14,000

 

Required:

a. Prepare common size statements showing the percent of each item to net sales for both Year 8 and Year 9.

Include a column reporting the percentage increase or decrease for Year 9 relative to Year 8 (round numbers to

the tenth of 1%).

b. Interpret the trend shown in your percentage calculations of a. What areas identified from this analysis should

be a matter of managerial concern?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 07:09 PM My Price 6.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)