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nevsk [136]
3 years ago
11

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 20

16 as the base. 2017 2016 Net sales $ 285,200 $ 233,200 Cost of goods sold 150,100 131,390 Operating expenses 53,440 51,440 Net earnings 29,820 21,620
Business
1 answer:
Nookie1986 [14]3 years ago
8 0

Answer:

See below.

Explanation:

Trend percentages for net sales can be calculated by comparing base year sales to the current year sales.

For 2016

Base year 2016 Sales = $233,200

Current year sales (2016) = $233,200

Trend percentage = 233,200 / 233,200 = 1.00 * 100% = 100%

For 2017

Base year 2016 Sales = $233,200

Current year sales (2017) = $285,200

Trend percentage = 285,200 / 233,200 = 1.22 * 100% = 122%

Using the same formula for trends we can calculate multiple percentages for analysis.

Hope that helps.

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Answer: a. 1.42

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Explanation:

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It is calculated with the formula,

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= (960,000 - 532,000) / (960,000 - 532,000 - 127,000)

= 1.42

b) The Degree of financial leverage measures how much Income will change due to a change in operating Income.

The formula is,

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It is calculated by multiplying DOL and DFL.

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Should you need any clarification just hit that comment button. Cheers.

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3 years ago
If you must apply for a loan, you should?
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ROM Corporation had kept all its hiring plans on hold during the last four quarters because the economy was in a state of recess
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Answer:

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