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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

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Madison Company issued an interest-bearing note payable with a face amount of $9,000 and a stated interest rate of 8% to the Met

castortr0y [4]

Answer:

zero

Explanation:

The activity in this scenario is fund raising/ issue note to a bank which is booked in financing activities, not in operating activities.

Thus we can said "there's no operating activity in Madison Company cash flow of 2016" if there's no other information.

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3 years ago

On January 1, 2009, Diego owed $14,033 to his friend Ricardo, who was kind enough not to charge Diego any interest. Each month d

aleksandrvk [35]

Answer:

$481

Explanation:

Amount paid = Amount lent - Amount left

Amount paid = $14,033 - $8,261

Amount paid = $5,772

Average amount paid each month = Amount paid / Number of months

Average amount paid each month = $5,772 / 12

Average amount paid each month = $481

So, the average amount of Diego's monthly payments is $481.

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3 years ago

What is one key advantage to an employer-sponsored retirement plan?

irinina [24]

Answer:

An employee's funds grow tax deferred in the plan. They don't pay taxes on investment earnings until they withdraw their money from the plan. An employee will pay income taxes and possibly an early withdrawal penalty if they withdraw their money from the plan.

Explanation:

I hope this helps. :D

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3 years ago

During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea

alex41 [277]

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

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3 years ago

Leona bought two different brands of wine from vineyards in Australia. When asked for her opinion about the wines, she said that

Diano4ka-milaya [45]

Answer:

C. Post purchase behavior

Explanation:

Whenever a consumer buys a product, he/she undergoes various stages between the creation of need/want and the ultimate purchase decision.

5 stages have been stated under Consumer buying decision, namely,

Need recognition : the foremost stage wherein a need or desire arises.
Information search: Here, the consumer searches for information w.r.t how the need or want can be satisfied.
Evaluation of alternatives: The stage wherein a consumer weighs pros and cons of all available alternatives which can satisfy the need.
Purchase: The stage wherein a consumer finally purchases a product.
Post purchase behavior : Here, the consumer evaluates his purchase and reviews his purchase decision.

In the given case, the customer already bought both the wines. Her opinion regarding superiority of quality and taste between the two, represents her post buying stage of purchase decision and her review of the viability of purchase decision.

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3 years ago