All categories

3 years ago

Operating data for Bramble Corp. are presented below.

Business

1 answer:

Soloha48 [4]3 years ago

4 0

Answer:

Explanation:

Vertical analysis of financial statement entails the expression of each line of the financial statement as a percentage of a base figure for analysis and evaluation purpose.

In this case , the sales revenue is used as the base figure

Vertical analysis of Bramble corp . Income statement for 2020 / 2019

Item 2020 % 2019 %

Sales revenue 730,000 100 650,000 100

Cost of goods 480,340 65.8 473,850 72.9

Gross profit 249,660 34.2 176,150 27.1

Selling expenses 105,850 14.5 84,500 13.0

Admin Expenses 50,370 6.9 52,000 8

Operating Expenses 156,220 21.4 136,500 21

Income before tax 93,440 12.8 39,650 6.1

Income tax Expenses 29,930 4.1 26,650 4.1

Net Income 63,510 8.7 13,000 2

You might be interested in

Which of the following would decrease aggregate demand? a) an improvement in consumer confidence b) a decrease in the foreign ex

Alex_Xolod [135]

Answer: Option B

Explanation: In simple words, aggregate demand refers to the total amount of goods and services that the consumers are willing to consume at a specific price and in a specified time.

A decrease in dollar value will result in less purchasing power for imports. This will result in less supply which will ultimately increase the price of the imported quantity, thus, resulting in decrease in aggregate demand.

8 0

3 years ago

Johnston Company has budgeted production of 11,600 units and sales of 14,400 units in February. Each unit requires 15 minutes of

kap26 [50]

Answer:

$43,500

Explanation:

Direct labor costs refer to the salaries that are paid to the employees that perform a job that is related to the production of a good. In this case, it would be the wages of the employees that work in the production of the units budgeted.

To calculate the total cost, first you have to calculate the amount of hours require to produce 11,600 units:

1 unit → 15 minutes

11,600 units → x

x=(11,600*15)/1= 174,000 minutes

1 hour → 60 minutes

x ← 174,000 minutes

x=(1*174,000)/60= 2,900 hours

Now, you can calculate the total budgeted direct labor costs by multiplying the labor rate per hour for the number of hours needed to manufacture the units budgeted:

$15*2,900= $43,500

According to this, the answer is that the total budgeted direct labor costs for February is $43,500.

5 0

3 years ago

The cost to produce tooth paste has increased by 1000%. This has caused the price to quadruple, but the demand has remained the

erica [24]

Answer:

Inelastic

Explanation:

In the given question,the cost to produce the toothpaste has increased, which led to the increase in the price of the toothpaste significantly. But there is no change in the demand of the toothpaste.

Hence, this product is inelastic.

In the inelastic demand, the demand of the product does not change with any variation in the price of the product.

6 0

3 years ago

Other things equal, an improvement in productivity will Multiple Choice shift the aggregate supply curve to the right. shift the

Pavlova-9 [17]

Answer:

Aggregate demand curve would shift to the right is the correct answer.

Explanation:

4 0

3 years ago

Carlos is the manager of Oh! Canada Sporting Goods. During the past six months, his cash expenditures have exceeded his cash rec

shutvik [7]

Answer:

Cash flow.

Explanation:

A cash flow problem arises when an organization is unable to pay up it's debts. Different organisations tends to experience cash flow problems during their growth stage.

Cash flow problems could be due to the following reasons:

1) Reduction in the amount of profit that comes into the business.

2) Investing a large amount of money in production processes.

3) Giving goods to a large amount of customers on credit.

Businesses can improve cash flow by a reduction in the amount of their expenses, this can be achieved by cutting down costs.

7 0

3 years ago