Answer:
<u>Favourable Changes:</u>
Sales
Gross Profit
Operating Income
Interest Expense
Net Income
<u>Unfavourable Changes:</u>
Cost Of Sales
Selling Expenses
General Expenses
Other Revenue
Income Taxes
Explanation:
Observe Movement from 2018 results to 2019 results
Erie Corp
Vertical Analysis of Income Statement
2019 2018
Sales 1,397 1,122
Less Cost Of Sales 935 814
Gross Profit 462 308
<u>Less Operating Expenses</u>
Selling Expenses 154 121
General Expenses 88 77
Operating Income 220 110
<u>Less Non- Operating Expenses</u>
Other Revenue 4 7
Interest Expense 2 9
Income Taxes 134 66
Net Income 88 42
Answer:
Explanation:
The direct cost is the cost that is directly related to production. The example is direct material cost, direct labor cost, etc whereas the indirect cost is the cost that is not directly related to the production. It is also known as overhead cost only records all indirect cost i.e depreciation on equipment of factory, property taxes, etc
Based on this, the classification is as follows
1 The wages of pediatric nurses / The pediatric department = Direct cost (D)
2 Prescription drugs / A particular patient = Direct cost (D)
3 Heating the hospital / The pediatric patient = Indirect cost (D)
4 The salary of the head of pediatrics / The pediatric patient = Direct cost (D)
5 The salary of the head of pediatrics / The particular pediatric patient = Indirect cost (D)
6 Hospital chaplain's salary / A particular patient = Indirect cost (D)
7 Lab tests by outside contractor / A particular patient = Direct cost (D)
8 Lab tests by outside contractor / A particular department = Direct cost (D)
Answer:
$10,202.87
Explanation:
The balance will be the sum of a 6-term geometric sequence with first term 1500 and common ratio 1.05. The sum of such a sequence is given by ...
sn = a1(r^n -1)/(r -1)
We have a1=1500, r=1.05, n=6, so the sum is ...
s6 = 1500(1.05^6 -1)/(1.05 -1) = 10,202.87
Walter's account balance after the 6th deposit will be $10,202.87.
Answer:
4.40
Explanation:
For the nature of the Yield to Call and Yield to maturity
You can eiher solve with excel, a financial calculation or with approximation method
This will be the formula for approximation method
PTM= 41.25 (1,000 x 8.25 = 82.5 annual interest divide by 2 as there are semiannual payment)
C= 1045 This is the value of the called bond
F= 1000 The face value of the bond
n= 12 (6 years 2 payment per year)
We plug this into the formula and solve
partiel result of the upper part: 45
partial result, divisor: 1022.5
quotient 4.4009780%
