1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paul [167]
3 years ago
14

Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

and $149,700 for Year 1. Operating expenses are $122,800 for Year 2 and $127,245 for Year 1. Which of the following statements are true?Operating income has decreased as a percentage of revenue.Operating income has increased as a percentage of revenue.None of these choices are correct.Operating expenses have increased as a percentage of revenue
Business
1 answer:
pishuonlain [190]3 years ago
7 0

Answer:

Following Statement is true

Operating income has increased as a percentage of revenue.

Vertical Analysis

                                                                        Year 2            Year 1        

Fees Earned                                                  $153,500       $149,700

Operating expenses                                     <u>$122,800</u>       <u>$127,245</u>

Operating Income                                          $30,700        $22,455

Operating Income as percentage of sales       20%               15%

Operating Income as percentage of sales is increased in year 2.

<u>Which of the following statements are true?</u>

Operating income has decreased as a percentage of revenue.

Operating income has increased as a percentage of revenue.

None of these choices are correct.

Operating expenses have increased as a percentage of revenue

You might be interested in
What is an advantage of attending a trade school?
pantera1 [17]

Answer:

I would say it B ............

4 0
2 years ago
Advertisers can determine how effective their media mix has been in reaching their target audience by calculating ________ of th
Viefleur [7K]
<span>Advertisers can determine how effective their media mix has been in reaching their target audience by calculating the total GRP of the advertising schedule.In advertising, a gross rating point (GRP) is a measure of the size of an advertising campaign by a specific medium or schedule.</span>
4 0
3 years ago
Wage contracts, efficiency wages, and the minimum wage are explanations for why:
hjlf

Answer:

B. Wages tend to be inflexible downward

Explanation:

Wages are flexible if they react to changes in demand and supply. Profitability determines demand and supply level for wages.  Flexibility in wages means that If the economy is performing well, companies should compensate their employees better.

Wage inflexibility implies that wages will not respond to changes in demand and supply. Wages do not rise or fall if the marginal productivity of labor increases or decreases.  Wage contracts are agreements that tend to set compensation for workers regardless of their output.  Minimum wage is a regulatory requirement that demands workers not to be paid below a set rate. Wage efficiency recommends higher than market rate compensation to motivate productivity.

The three factors do not advocate for wages to be pegged on productivity.

7 0
3 years ago
Suppose the market price of corn is​ $5.50 per bushel. Which of the following is not one of the three conditions that will need
Svetradugi [14.3K]

Answer:

A

Explanation:

6 0
3 years ago
A closed-end, commingled opportunity fund is being created with an expected three-year life. It expects to acquire properties th
pickupchik [31]

Based on the cashflows in the previous years and the present value, the cash flows to equity investors at the end of year should be $3,275,800.

<h3>What should be the cashflow at the end of year 3?</h3><h3 />

The cashflow at the end of year 3 should have a present value that when added to the present value of the cashflows in years 1 and 2, will equal the present value of the investment of $2,600,000.

That amount is:

2,600,000 = (80,000 / ( 1 + 10%)) + (80,000 / ( 1 + 10%)²) +( Amount / ( 1 + 10%)³)

2,600,000 = 138,842.9752 + ( Amount / ( 1 + 10%)³)

( Amount / ( 1 + 10%)³) = 2,600,000 - 138,842.9752

Amount = 2,461,157.0248 x 1.1³

= $3,275,800

Find out more on present value at brainly.com/question/20813161.

4 0
2 years ago
Other questions:
  • If the government removes a tax on a good then the quantity of the good sold will
    10·1 answer
  • Mike Karanikolas wants to enter the French market with his usual strategy of using influencers. Two influencers are considered t
    10·1 answer
  • The Jay Group hires better employees than its competition by conducting effective searches and multi-tiered interviews. The comp
    14·1 answer
  • The Red Bud Co. pays a constant dividend of $1.80 a share. The company announced today that it will continue to do this for anot
    9·1 answer
  • Sankey Co. has earnings per share of $3.95. The benchmark PE is 18.8 times. What stock price would you consider appropriate
    13·1 answer
  • What type of companies engage in marketing?
    9·1 answer
  • What are two important benefits provided by retailers?
    9·1 answer
  • When workers perceive they are being treated fairly on the job, they are most likely to.
    15·1 answer
  • On January 1 of this year, Clearwater Corporation sold bonds with a face value of $ 750,000 and a coupon rate of 8 percent. The
    12·1 answer
  • hudson corporation will pay a dividend of $2.80 per share next year. the company pledges to increase its dividend by 7.40 percen
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!