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Alika [10]
3 years ago
13

Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the

Years Ended December 31 2022 2021 Net sales $639,400 $578,200 Cost of goods sold 464,800 433,400 Gross Profit 174,600 144,800 Operating expenses 70,500 43,000 Net income $ 104,100 $ 101,800 (a) Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
Business
1 answer:
max2010maxim [7]3 years ago
7 0

Answer:

Explanation:

Horizontal analysis of financial statements  is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.

The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value

                          2022         2021         Change     % Change

Net sales         639,400    578,200       61,200     10.6%

Cost of goods  464,800   433400        31,400      7.3%

Gross profit      174,600    144,800       29,800      20.6%

Operating exp. 70,500      43,000        27,500       70%

Net Income       104,100       101,800      2,300       2.26%

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A string or rope will break apart if it is placed under too much tensile stress. Thicker ropes can withstand more tension withou
kifflom [539]

Answer:

a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm

b. frequency =377.86Hz

Explanation:

Given:

mass of steel= 4g = 0.004kg

density of steel = 7890kg/m3

tensile stress of steel 7.0x10⁸

tension load =900N

from the density, we will calculate for the Volume of the steel string

density = mass/volume

volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³

from the tensile stress will can get the maximum base Area of the string ,

tensile stress = load/area =

7x10⁸ = 900/A

A = 900/7x10⁸ = 1.29x10⁻⁶ m²

Area = πr²

area/pi = 4.105x10-7

radius = 0.0006m = 0.6mm

volume = Area x length

length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m

b. the highest possible frequency is given by:

F = \frac{\sqrt{\frac{T}{m/L} }}{2L}

where T= tension, m=mass, L=length

F = \frac{\sqrt{\frac{900}{0.004kg/0.393m} }}{2*0.393m}

= 297.04/0.786

frequency =377.86Hz

4 0
2 years ago
a firm in a perfectly competitive industry is producing 1000 units of output and earning revenues of 50000. At that level of out
hram777 [196]

Answer:

Increase quantity to where AC = MC = D=AR=MR

Explanation:

A perfectly competitive market is where there are many firms in the industry producing homogeneous products. There is ease of entry and exit into and out of the market. They are price takers and earn normal profits in the long-run. In order to maximize profits, a firm in a perfectly competitive industry should produce an the quantity where its average cost is equal to marginal cost when AR = MR = D. In other words, when the AC and MC curves intersect with AR = MR = D curve.

<em><u>Please refer diagram</u></em>

The firm is currently producing at a point where AC > MC at quantity 1000. In order to reach AC = MC, the firm has to increase its quantity to Qe. As it increases quantity, although marginal cost increases, average cost falls because now fixed costs are spread over a larger quantity of output.

At Qe, the three curves intersect and is the point where this firm can maximize its revenue (Price = Pe). At a price higher than this, it would lose customers since there are many others producing the same product and customers can easily shift to another.

7 0
2 years ago
The chief executive officer earns $20,000 per month. as of may 31, her gross pay was $100,000. the tax rate for social security
omeli [17]

The total is $1,437.

Before June she had already paid social security on $100,000 in earnings. So, in June she only needs to pay social security on $18,500.

$18,500 x .062 = $1,147

She pays Medicare on all of June’s earnings = $20,000 x .0145 = $290

The total amount of FICA -social security withheld from this employee in June is $290 + $1,147 = $1,437

5 0
3 years ago
Read 2 more answers
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olganol [36]
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5 0
3 years ago
Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal p
elixir [45]

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

Accounts  

receivable  $102,276    $105,903      -$3,627                     -3.42%

Notes

payable        0                $93,973      -$93,973                    -100%

4 0
3 years ago
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