A.J., a 20-something college graduate, was recently hired as a financial-analyst assistant for a large company. He recalled that
1 answer:
Answer:
prepare an expense record, and make certain that his credit is good so he can continue to spend more than he makes
Explanation:
Since in the question it is mentioned that an individual is recently hired as a financial analyst for a big company he remebered that how he can manage his personal finance and the financial concerns so in order to maintain its approach with respect to his own finance we should suggest that first prepare the record of an expense and also certain about the good credit score so that he is able to spend more
Therefore the first option is correct
You might be interested in
Answer:
a. Gross income = sales - COGS
Pretax = gross income - SG$A expense +operating income + non operating income- interest expense - unusual expense
income taxes = Pretax - net income
income statement 2016 2015 2014 2013 2012
sale 59387 55355 55870 52708 53341
COGS 23425 20651 20522 21418 20507
gross earnings 35962 34704 35348 31290 32834
SG&A EXPENSE 21149 19835 19693 18729 18117
operating income 14813 14869 15655 12561 14717
non operating income 533 -51 224 595 463
interest expense 733 337 192 244 90
unusual expense 1677 269 -114 301 217
pretax 27749 29081 31456 25172 29590
income taxes 17433 17661 19752 15552 18585
Net income 10316 11420 11704 9620 11005
b. Average tax rate = total taxes / total taxable income ( for this calculation we need the tax table for identifying the correct tax brackets for each taxable income falling on it.
2016 2015 2014 2013 2012
gross profit margin 0.61% 0.63% 0.63% 0.59% 0.62%
net profit margin 0.17 % 0.21% 0.21% 0.18% 0.21 %
c. is attached
d.income statement 2016 2015 2014 2013 2012
sale 100 100 100 100 100
COGS 39.44% 37.31% 36.73% 40.64% 38.45%
gross earnings 60.56% 62.69% 63.27% 59.36% 61.55%
SG&A EXPENSE 35.61% 35.83% 35.25% 35.53% 33.96%
operating income 24.94% 26.86% 28.02% 23.83% 27.59%
non operating expense 0.90% -0.09% 0.40% 1.13% 0.87%
interest expense 1.23% 0.61% 0.34% 0.46% 0.17%
unusual expense 2.82% 0.49% -0.20% 0.57% 0.41%
pretax 46.73% 52.54% 56.30% 47.76% 55.47%
income taxes 29.35% 31.90% 35.35% 29.51% 34.84%
Net income 17.37% 20.63% 20.95% 18.25% 20.63%
Explanation:
gross profit margin = gross profit/ sales
net profit margin = net profit / sales
no c is an attachment
