Answer:
<u>Favourable Changes:</u>
Sales
Gross Profit
Operating Income
Interest Expense
Net Income
<u>Unfavourable Changes:</u>
Cost Of Sales
Selling Expenses
General Expenses
Other Revenue
Income Taxes
Explanation:
Observe Movement from 2018 results to 2019 results
Erie Corp
Vertical Analysis of Income Statement
2019 2018
Sales 1,397 1,122
Less Cost Of Sales 935 814
Gross Profit 462 308
<u>Less Operating Expenses</u>
Selling Expenses 154 121
General Expenses 88 77
Operating Income 220 110
<u>Less Non- Operating Expenses</u>
Other Revenue 4 7
Interest Expense 2 9
Income Taxes 134 66
Net Income 88 42
Answer:
The justification for a lower tax rate on capital gains relative to ordinary income is threefold: it is not indexed for inflation, it is a double tax, and it encourages present consumption over future consumption. ... Future personal consumption, in the form of savings, is taxed, while present consumption is not.
Explanation:
Answer:
Cost of capital
Explanation:
Given that, the cost of capital is a business-related term that describes the fundamental return rate on the investment made by a firm. It is oftentimes analyzed or measured at the beginning of a business project.
Hence, in this situation, the correct answer is that the minimum rate of return the firm requires on this project is referred to as the COST OF CAPITAL
Answer:
A. c-chart
Explanation:
C chart is a control chart that is used to count the data like numbers of nonconformities per unit. It is used to monitor the total occurrence per unit.
In this chart, the data is collected in the sub-groups and then the data is analyze to check the defects or mistakes or nonconformities.
If there is more than one mistake per item the C- chart is the best match.
Answer:
Controlling
Explanation:
Controllingnis a management function that focuses on the goals of the organisation. It is the process of comparing actual performance with set procedures and standards.
If there is variance in performance and management expectations there will be need for corrective action or improvement.
In this instance Yuri has been given the task of evaluating how well his company, Comfy Shoes, Inc., has implemented its new line of slippers and how this implementation could be improved. This is engaging in controlling function.