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

Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair va

Maru [420]

Answer:

C) $100,000

Explanation:

Based on the information given we were told

that the inventory Purchased by Pilfer from

Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT

will be inventory amount of $100,000 that was resold to the unaffiliated companies.

8 0

3 years ago

He loves me, he gives me all his money, that gucci prada comfy, my suger daddy:)

ladessa [460]

Answer:

what did he sayyyyyyyyyy

3 0

3 years ago

Read 2 more answers

Market structure is determined by the Group of answer choices None of the Answers are Correct. Annual revenue, costs, and profit

nignag [31]

Market structure is determined by the number and relative size of the firms in an industry.

Market structure describes how different industries are categorized and distinguished based on how fiercely and in what ways they compete with one another for customers' goods and services. There are four different kinds of market structures: monopolistic competition, oligopolistic markets, perfect competition, and monopolistic markets.
In economics, market structure illustrates how businesses are categorized and distinguished according to the sorts of items they sell and how external circumstances and elements impact their operations. It is simpler to comprehend the peculiarities of various marketplaces when there is a clear market structure.
The four types of economic market structures are oligopoly, monopoly, perfect competition, and monopolistic competition. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.

Thus the correct answer is Option D.

To learn more about market structure, refer: brainly.com/question/27874368

#SPJ4

6 0

2 years ago

The following information pertains to Lance Company.

nalin [4]

Answer and Explanation:

The preparation of the bank reconciliation statement is presented below:

Balance as per bank $8,732.00

Add: Deposit in transit $3,500.00

Less: Outstanding checks -$1,486.00

Adjusted bank balance $10,746.00

Balance as per books $8,768.00

Add: EFT received from customer $2,023.00

10791.00

Less: Service charges -$45.00

Adjusted book balance $10,746.00

5 0

3 years ago

According to the Break-Even EBIT analysis, shareholders are ____ off with debt when EBIT is _____ the Break-Even EBIT level

Kobotan [32]

Answer:

Answer B.

Explanation:

EBIT break even point is a situation when company does not make a profit or has loss. It is a point where earnings per share are equal to zero. It is the level of ebit equal to fixed costs for the company, like interest on the debt. If this break even point increases, this leads to the increase of financial risk. However, increase of ebit above break even point leads to net income calculated as EBIT*(1-interest expense)*(1-tax rate)-preferred dividends being higher.

3 0

3 years ago