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3 years ago

Revenue and expense data for Bluestem Company are as follows:

Business

1 answer:

LUCKY_DIMON [66]3 years ago

3 0

Answer and Explanation:

The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-

The formula that we have used is shown below:-

Gross profit percent = Gross profit / Sales revenue

Cost of goods sold percent = Cost of goods sold / Sales revenue

and in a similar way operating expenses items.

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During the year, Belyk Paving Co. had sales of $2,384,000. Cost of goods sold, administrative and selling expenses, and deprecia

Zina [86]

Answer:

(a) Income Statement

Belyk Paving Co.

Income statement for the year xxxx

Sales $2,384,000

Cost of goods sold $1,441,000

Gross Profit $943,000

Administrative and selling expenses $436,600

Depreciation expense $491,600

Operating Income 14,800

Interest expense $216,600

Income before Tax ($201,8000)

Tax rate 35% $0

Net Loss ($201,800)

(b) operating Cash flow

Net Loss ($201,800)

Add: Non cash Expenses (Depreciation) $491,600

Cash flow from operating activities $289,800

6 0

3 years ago

“All cheques are bills but all bills are not cheque” –Explain

aleksklad [387]

All cheques are bills but all bills are not cheque.

This is correct statement because both cheque and bill are piece of paper which displays money which is to be paid to someone.

A bill is a document which is drawn on any person and there is no name on the bill whereas cheque is a document which is drawn on the payee name only.

Both of these are documents which are used to pay the amount to someone.

A cheque can be drawn payable on demand while bill is drawn on expiry of certain period.

Learn more at brainly.com/question/24469524

7 0

2 years ago

Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. The usual clearing time for the checks

BaLLatris [955]

Answer:

The disbursement float is $ 68,000, collection float is -$44,000 and net float is $24,000.

Explanation:

DISBURSEMENT FLOAT -

Formula that can be used to calculate the disbursement float is =

Amount of average monthly check written X Average number of days it

takes to clear check

Where, amount of average monthly check = $17,000

and average number of days for it to be cleared = 4 days

Disbursement float = $17,000 x 4

= $68,000

COLLECTION FLOAT -

Formula that can be used to calculate the collection float is =

Amount of average monthly check received X Average number of days it

takes to clear check

Where, amount of average monthly check =-$22,000

and average number of days for it to be cleared = 2 days

Collection float = -$22,000 x 2

= -$44,000

NET FLOAT -

Formula that can be used to calculate the NET float is =

DISBURSEMENT FLOAT - COLLECTION FLOAT

= $68,000 - $44,000

= $24,000

7 0

3 years ago

If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is e

kompoz [17]

If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is experiencing a Trade deficit.

The difference between imports and exports is known as the trade deficit or negative balance of trade (BOT). A trade deficit develops when an economy spends more on imports than on exports. It can be computed for various commodities and services as well as for cross-border transactions.

The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade deficit, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn.

Learn more about trade deficit here

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1 year ago

How much does a pediatrician make in a month?

Sati [7]

they make 135000 a month

3 0

3 years ago