financial statements of apple(apple.com)
Refer to financial statements of apple(apple.com) and google (google.com) to answer the following.
Required
1.     Identify at least two activities at apple and at google that cause cost to be incurred. Do you believe these companies should be concerned about controlling cost of the activities you identified?
Explain
2.     Would you classify apple and google as service, merchandising or manufacturing companies?
Explain
3.     Is activity based costing useful for companies such as apple and google? Explain
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Introduction: for introduction please state that objective of this assignment is to understand item sin the income statement
The provide in the next section income statement and explain what are these costs are used for making conclusions
 2016 income statement (all number in millions)
Sales   $215639
Cost of sales $131376
Gross margin $84263
Operating cost
Research and development $10045
Selling and admin $14194
Operating expenses $24239
Operating income $60024
Income from other activities $1348
Income before provisions for income taxes $61372
Provision for income taxes $15685
Net income $45687
Then you identify two costs items in the statement and explain what is used for .
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Answers
Status NEW
Posted 22 May 2017 05:05 AM
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