net income was 517500 in 2015, 476100 in 2016, 533232
in 2017. What is the percentage...
net income was 517500 in 2015, 476100 in 2016, 533232
in 2017. What is the percentage if change from (a)2015 to 2016, and
(b) from 2016 to 2017
2019
2018
2017
2016
Net Sales Revenue
$ 766,000
$ 708,000
$ 644,000
$664,000
Net Income...
2019
2018
2017
2016
Net Sales Revenue
$ 766,000
$ 708,000
$ 644,000
$664,000
Net Income
60,000
38,000
36,000
44,000
Ending Common Stockholder’s equity
368,000
352,000
326,000
296,000
Net sales revenue, net income, and common stockholders'
equity for EyesightEyesight Mission Corporation, a manufacturer of
contact lenses, follow for a four-year period
Compute trend analyses for each item for 2017—2019.
Use 2016 as the base year, and round to the nearest whole
percent.
Begin by computing Eyesight Mission Corporation's trend
analysis...
Example Q1 A piece of freehold land was acquired for $500,000
cash on 1 January 2016....
Example Q1 A piece of freehold land was acquired for $500,000
cash on 1 January 2016. The land is not subject to depreciation and
is revalued at each fiscal year-ending 31 December.
Details about the fair value at each year-end are given below:
31.12. 2016 Fair value $490,000 31.12. 2 017 Fair value $520,000
The land was sold on 1 May 2018 for $550,000.
Required: Prepare all relevant entries relating to the land for
the years 2016, 2017 and 2018....
Schellhammer Corporation reported the following amounts in 2016,
2017, and 2018.
2016
2017
2018
Current assets...
Schellhammer Corporation reported the following amounts in 2016,
2017, and 2018.
2016
2017
2018
Current assets
$200,000
$210,000
$240,000
Current liabilities
150,000
168,000
184,000
Total assets
500,000
600,000
620,000
(b)
Perform each of the three types of analysis on Schellhammer’s
current assets. (Round percentages to 0 decimal places,
e.g. 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration
14-3 formula for Horizontal Analysis.)
2016
2017
2018
Horizontal Analysis
Current assets
%
%
%
Vertical Analysis
Current assets
%
%...
. Company ABC has accounting income $500 for year 2016, 2017 and
2018, with following balance...
. Company ABC has accounting income $500 for year 2016, 2017 and
2018, with following balance 2015 2016 2017 2018 Accounts Payable
100 110 120 90 Unearned Revenue 100 50 30 0 Prepaid Expense 100 80
40 0 Accounts Receivable 100 110 80 100 What are the taxable income
for 2016, 2017 and 2018?
Pfizer company reported the following information as of December
31, 2016:
Net income, $500,000
Number of...
Pfizer company reported the following information as of December
31, 2016:
Net income, $500,000
Number of issued common shares, 225,000 shares
Common stock (par value of $2 per share), $450,000
Number of authorized common shares, 400,000
Number of treasury shares, 25,000
No shares were issued or repurchased during 2016.
How much would Pfizer report as its earnings-per-share (EPS) for
2016?
If Pfizer repurchases 30,000 additional shares of treasury stock
during 2017, what would be the number of shares
outstanding as...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Rate of Change Analyses
Teicher Company presents the following condensed comparative
income statements for 2015, 2016,...
Rate of Change Analyses
Teicher Company presents the following condensed comparative
income statements for 2015, 2016, and 2017:
For Years Ended December 31,
2017
2016
2015
Sales (net)
$120,000
$100,000
$85,000
Cost of goods sold
(72,000)
(55,000)
(45,000)
Gross profit
$48,000
$45,000
$40,000
Operating expenses
(22,000)
(20,000)
(18,000)
Operating income
$26,000
$25,000
$22,000
Other items:
Dividend revenue
400
500
200
Interest expense
(1,200)
(1,000)
(500)
Income before income taxes
$25,200
$24,500
$21,700
Income tax expense
(8,200)
(8,000)
(6,000)
Net income...
Here are the comparative income statements of Ayayai Corp..
AYAYAI CORP.
Comparative Income Statement
For the...
Here are the comparative income statements of Ayayai Corp..
AYAYAI CORP.
Comparative Income Statement
For the Years Ended December 31
2017
2016
Net sales
$600,000
$500,000
Cost of goods sold
445,000
400,000
Gross Profit
155,000
100,000
Operating expenses
70,000
40,000
Net income
$ 85,000
$ 60,000
(a)
Prepare a horizontal analysis of the income statement data for
Ayayai Corp., using 2016 as a base. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or...
Below is the net income of Jonesey Laboratorires computed under
the three invertory methods. Instructions: a....
Below is the net income of Jonesey Laboratorires computed under
the three invertory methods. Instructions: a. Assume that in 2008
Jonesey decided to change from the average-cost method to the FIFO
method of pricing inventories. Prepare the journal entry necessary
for the change that took place during 2018 and show the net income
reported for 2016, 2017, and 2018. b. Assume that in 2018 JOnesey,
which had been using the LIFO method since incorporation in 2015,
changed to the average...