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3 years ago

Here are the comparattive income statements of Georgia Development Corporation.

Business

1 answer:

Oxana [17]3 years ago

6 0

Answer:

When using horizontal analysis, figures are compared across different years with the subsequent year differences with the base year figures being a percentage of the base year's figures.

12/31/2017 12/31/2016 Difference Percentage

Net sales $600,000 $500,000 $100,000 20.0%

Cost of goods sold <u>$414,000 $350,000 </u> $64,000 18.3%

Gross profit $186,000 $150,000 $36,000 24.0%

Operating expenses <u> $150,000 $120,000</u> $30,000 25.0%

Net income $36,000 $30,000 $6,000 20.0%

Net sales percentage = 100,000 / 500,000 = 20%

Cost of goods sold = 64,000 / 350,000 = 18.3%

Gross profit = 36,000 / 150,000 = 24%

Operating expenses = 30,000 / 120,000 = 25%

Net income = 6,000 / 30,000 = 20%

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The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's working capital. The loa

klio [65]

<h2>Question:</h2>

As the data in incomplete, lets consider the data found on the net for the same question

DATE LIBOR

week 1 1.98%

week 2 1.64%

week 3 1.54%

week 4 1.31%

week 5 1.57%

week 6 1.69%

week 7 1.66%

week 8 1.94%

week 9 1.92%

(This data in not given in the question. If some values differ from this data, just change the that value in the method below and you'll get your answer)

<h2></h2><h2>Answer:</h2>

Floating rate = 0.25%

Maximum rate = 2.24%

Minimum rate = 1.71%

General formula for for finding rate of interest of a week

Week Rate = Previous Week's Rate (LIBOR from table) + Floating Rate

Lets find the values:

Week 2 rate = Week 1 rate + 0.25% = 1.98% + 0.25% = 2.23%

Week 3 rate = Week 2 rate + 0.25% = 1.64% + 0.25% = 1.89%

Week 4 rate = Week 3 rate + 0.25% = 1.54% + 0.25% = 1.79%

Week 5 rate = Week 4 rate + 0.25% = 1.31% + 0.25% = 1.56%

Week 5 rate is lower than the minimum rate, rate of Week 5 can be taken as minimum rate

Week 5 rate = 1.71%

Week 6 rate = Week 5 rate + 0.25% = 1.57% + 0.25% = 1.82%

Week 7 rate = Week 6 rate + 0.25% = 1.69% + 0.25% = 1.94%

Week 8 rate = Week 7 rate + 0.25% = 1.66% + 0.25% = 1.91%

Week 9 rate = Week 8 rate + 0.25% = 1.94% + 0.25% = 2.19%

Week 10 rate = Week 9 rate + 0.25% = 1.92% + 0.25% = 2.17%

8 0

3 years ago

_____ are one- or two-floor lodging establishments in which the rooms are usually accessible from an outdoor parking area.

Stella [2.4K]

The definition above is that of MOTELS. Motels are hotels which are typically designed for motorists and which usually have parking lots for vehicles. They are designed in such a way that the rooms open directly to the parking area. Motels became popular around 1920s when highway system allowed people to engage in long distance travelling by roads.

3 0

3 years ago

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Which law provides safety from sexual harassment

kumpel [21]

Employment Discrimination Law, <span>Civil Rights Law</span>

4 0

3 years ago

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Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning

Marina86 [1]

Answer:

$24,160 favorable

Explanation:

The computation of the total contribution margin sales volume variance is given below:

The Budgeted contribution margin per pound of MT is

= $40 - $20

= $20 per pound

Now the budgeted contribution margin per pound of ET is

= $60 - $30

= $24 per pound

MT's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (3960 - 4000) × $20

= $800 Unfavorable

ET's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (5,040 - 4000) × $24

= $24,960 favorable

Now the total contribution margin sales volume is

= $800 unfavorable + $24,960 favorable

= $24,160 favorable

8 0

2 years ago

Which of these is a recurring cost of car ownership

Nastasia [14]

Answer:

Vehicle registration

Explanation:

Vehicle registration reoccurs annually, the other costs are one time.

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3 years ago

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