Email Id : support@studentehelp.com

Join the largest growing online portal for ACC 206 Week 9 Homework Chapter 18 help. Get the best help available online to the course (University of Phoenix) and score the highest grades in discussion questions. We bring best answer to you to solve your all related problems. It’s never too late to make your grades better so get connect with StudentEHelp to score good marks in exam. We specialize in providing you with the best sources for completing the individual assignment and entire classes..

ACC 206 Week 9 Homework Chapter 18

ACC 206 Week 9 Homework Chapter 18
ACC 206 Week 9 Homework Chapter 18 -

Brief Exercise 18-3

Using the following data from the comparative balance sheet of Goody Company.

                                    December 31, 2015                 December 31, 2014

Accounts receivable      $498,728                                 $402,200        

Inventory                      $804,330                                 $595,800        

Total assets                  $2,903,761                              $2,569,700     

Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.)

 

Brief Exercise 18-4     

Using the following data from the comparative balance sheet of Goody Company.

                                    December 31, 2015                 December 31, 2014

Accounts receivable      $465,186                                 $397,847        

Inventory                      $869,364                                 $744,065        

Total assets                  $2,542,000                              $3,037,000     

Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.)

 

Brief Exercise 18-12

The following data are from the income statements of Haskin Company.

                                                2015                            2014

Sales                                        $6,411,200                  $6,103,900     

Beginning inventory                   978,200                       849,500          

Purchases                                 4,352,800                    4,635,800       

Ending inventory                       1,090,800                    978,200          

             

Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.)

 

Exercise 18-1  

Financial information for Kurzen Inc. is presented below.

                                    December 31, 2015                 December 31, 2014

Current assets                           $123,540                     $102,080

Plant assets (net)                       394,130                       332,340

Current liabilities                       87,410                          74,380

Long-term liabilities                   133,950                       88,790

Common stock, $1 par 166,070                       118,400

Retained earnings                      130,240                       152,850

Prepare a schedule showing a horizontal analysis for 2015 using 2014 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

 

Exercise 18-4 (Part Level Submission)

The comparative condensed income statements of Emley Corporation are shown below.

EMLEY CORPORATION

Comparative Condensed Income Statements

For the Years Ended December 31

                                                2015                                        2014

Net sales                                  $604,090                                 $504,790        

Cost of goods sold                   481,880                                   420,480          

Gross profit                              122,210                                   84,310

Operating expenses                  58,560                                     46,610

Net income                               $ 63,650                                  $ 37,700         

 

(a)

Prepare a horizontal analysis of the income statement data for Emley Corporation using 2014 as a base. (Round percentages to 1 decimal place, e.g. 12.3%.)

(b)

Prepare a vertical analysis of the income statement data for Emley Corporation in columnar form for both years. (Round percentages to 1 decimal place, e.g. 12.3%.)

 

Exercise 18-13            

Trayer Corporation has income from continuing operations of $298,900 for the year ended December 31, 2014. It also has the following items (before considering income taxes).

1. An extraordinary loss of $81,100.

2. A gain of $25,200 on the discontinuance of a division.

3. A correction of an error in last year’s financial statements that resulted in a $28,100 understatement of 2013 net income.

Assume all items are subject to income taxes at a 33% tax rate.

 

Problem 18-5A

Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions).

 

 

 

 

 

             

 

Total Reviews(0)

Most Popular Assignments And Final Exams for ACC 206

ACC 206 Week 8 Business Formation
ACC 206 Week 8 Business Formation
Rating: A+ Purchased: 37 Times

$7.99

ACC 206 Week 11 Quiz Chapter 19
ACC 206 Week 11 Quiz Chapter 19
Rating: A+ Purchased: 37 Times

$7.99

ACC 206 Week 10 Quiz Chapter 18
ACC 206 Week 10 Quiz Chapter 18
Rating: A+ Purchased: 35 Times

$7.99

ACC 206 Week 10 Homework Chapter 19
ACC 206 Week 10 Homework Chapter 19
Rating: A+ Purchased: 33 Times

$7.99

ACC 206 Week 10 Discussion
ACC 206 Week 10 Discussion
Rating: A Purchased: 31 Times

$1.49

ACC 206 Week 9 Quiz Chapter 17
ACC 206 Week 9 Quiz Chapter 17
Rating: A+ Purchased: 36 Times

$7.99

ACC 206 Week 8 Quiz Chapter 16
ACC 206 Week 8 Quiz Chapter 16
Rating: A+ Purchased: 35 Times

$7.99

ACC 206 Week 8 Homework Chapter 17
ACC 206 Week 8 Homework Chapter 17
Rating: A+ Purchased: 34 Times

$7.99