I need help. FILEPasteClipboardA1HOMECalibri+ABIUINSERT PAGE LAYOUT1- 11HH1011 Sales Revenues12 Expenses:1314Wages Expense15Utilities Expense16 Income Tax Expense17 Net incomeFontRent ExpenseRelationships among Financial Statements - ExcelFORMULAS-AAB1 Presented below are incomplete financial statements for Marta Communications, Inc.2%Alignment Number6 indicating the relationship between the two statements.78MARTA COMMUNICATIONS, INC.Income StatementFor the Month Ended March 31, 20X1CellConditional Format asFormatting Table StylesStylesfx Presented below are incomplete financial statements for Marta Communications,3 Required:4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thusDATA REVIEW VIEW$34,5002,6004,800800$4,100?сCells EditingD5 XSign In PasteClipboardA1181920CalibriB I U +V 14041A29303132 Assets33 Cash34 Accounts receivable3536 Land37 Total Assets3839Font212223 Retained Earnings, March 1, 20X124 Add: Net incomeOffice suppliesXMARTA COMMUNICATIONS, INC.Statement of Retained EarningsFor the Month Ended March 31, 20X125 Subtract: Dividends26 Retained Earnings, March 31, 20X12728Sheet111...I%Alignment Number Conditional Format as Cell CellsFormatting Table StylesStylesfx Presented below are incomplete financial statements for Marta Communications,B$0(500)MARTA COMMUNICATIONS, INC.Balance SheetAt March 31, 20X1Liabilities$3,400 Accounts payableStockholders' EquityCommon stock2,30012,000 Retained earningsсBeepTotal Liabilities and Stockholders' EquityEditingD$6,80014,000A

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Description: I need help. FILEPasteClipboardA1HOMECalibri+ABIUINSERT PAGE LAYOUT1- 11HH1011 Sales Revenues12 Expenses:1314Wages Expense15Utilities Expense16 Income Tax Expense17 Net incomeFontRent ExpenseRelationships among Financial Statements - ExcelFORMULAS-AA

INCOME STATEMENT Income Statement shows the Profitability of the Company. Income Statement is one of…

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19 20 21 MARTA COMMUNICATIONS, INC. Statement of Retained Earnings For the Month Ended March 31, 20X1 22 23 Retained Earnings, March 1, 20X1 24 Add: Net income 25 Subtract: Dividends 26 Retained Earnings, March 31, 20X1 27 28 29 30 31 32 Assets 33 Cash 34 35 Office supplies 36 Land 37 Total Assets 38 39 40 41 Accounts receivable Sheet1 $0 (500) MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 2,300 12,000 Retained earnings Accounts payable Stockholders' Equity Common stock Total Liabilities and Stockholders' Equity $6,800 14,000 DI

19 20 21 MARTA COMMUNICATIONS, INC. Statement of Retained Earnings For the Month Ended March 31, 20X1 22 23 Retained Earnings, March 1, 20X1 24 Add: Net income 25 Subtract: Dividends 26 Retained Earnings, March 31, 20X1 27 28 29 30 31 32 Assets 33 Cash 34 35 Office supplies 36 Land 37 Total Assets 38 39 40 41 Accounts receivable Sheet1 $0 (500) MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 2,300 12,000 Retained earnings Accounts payable Stockholders' Equity Common stock Total Liabilities and Stockholders' Equity $6,800 14,000 DI

Financial And Managerial Accounting

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ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

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Comparing Two Companies in the Same Industry: Chipotle and Panera Bread This case should be completed after responding to the requirements in Decision Case 13-2. Refer to the financial statement information of Chipotle and Panera Bread reprinted at the back of the book. Required Using the format in Example 13-5, prepare common-size comparative income statements for 2014 and 2013, for Panera Bread. Use total revenues as the base (i.e., 100%). Round all percentages to the nearest one-tenth of a percent. The common-size comparative income statements indicate the relative importance of items on the statement. Compare the common-size income statements of Panera Bread and Chipotle. What are the most important differences between the two companies income statements? Using the format in Example 13-4, prepare common-size comparative balance sheets at the end of 2014 and 2013, for Panera Bread. Round all percentages to the nearest one-tenth of a percent. The common-size comparative balance sheets indicate the relative importance of items on the statement. Compare the common-size balance sheets of Panera Bread and Chipotle. What are the most important differences between the two companies balance sheets?
The comparative statements of Osborne Company are presented here: [{HtmlTableOSBORNE COMPANYIncome StatementsFor the Years Ended December 312014 2013Net sales $1,895,999 $1,755,959Cost of goods sold 1,063,999 1,011,459Gross profit 832,000 744,500Selling and administrative expenses 505,459 484,459Income from operations 326,541 260,041Other expenses and losses Interest expense 23,583 21,583Income before income taxes 302,958 238,458Income tax expense 93,583 74,583Net income $209,375 $163,875\\OSBORNE COMPANYBalance SheetsDecember 31Assets 2014 2013Current assets Cash $60,100 $64,200Debt investments (short-term) 74,000 50,000Accounts receivable 123,259 108,259Inventory 127,583 117,083Total current assets 384,942 339,542Plant assets (net) 663,905 535,205Total assets $1,048,847 $874,747Liabilities and Stockholders' Equity Current liabilities Accounts payable $165,459 $150,859Income taxes payable 45,083 43,583Total current liabilities 210,542 194,442Bonds payable 234,905 214,905Total…
An entity has the following income and expenditure for the financial year: Sales R33 000; Rent expenses R11 000; Interest income R1 000; Insurance R1 500. The net profit or the net loss of the entity is … NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) 3. If it is a loss, please enter the amount as a negative (eg: -12141.72)
Please try to answer accurately and accordance with requirements.Thank you!The general ledger of Emerates Traders Ltd includes the following accounts as at 30 June 2018:$000Sales Revenue 8,280Dividend Received 126Interest Received 65Cost of Sales 1,105Selling and Distribution expenses 450Administration expenses 1,550Finance costs 16Valuation loss on trading investments (considered a material item) 250Income tax expense charged to profit and loss 1,500Expenses classified by nature include:Auditors Remuneration:Audit of accounts 20Information technology controls advice 5 25Depreciation expense:Buildings 120Plant and Equipment 225 345Additional InformationThe valuation loss on investments held for trading is not tax deductible.Task 4a. Complete a Statement of Comprehensive Income showing expenses classified byfunction on the face of the Income Statement together with notes to the incomestatement including the material item.- Note that Emerates Traders Ltd discloses material items on the…
Use this information to Prepare a multiple-step income statement with earnings per sharedisclosure Denver Co. 12/31/2022 Debits CreditsPartial Trial Balance DataSales revenue 700,000Interest revenue 60,000Salary payable 15,000Gain on sale of land 110,000Patent 15,000Supply inventory 25,000Cost of goods sold 500,000Salary expenses 150,000Common stock 250,000Retained earnings 150,000Cash 250,000Office expense 100,000Denver's business segment, Division A, was sold at a pretax loss of 25,000 on July 1, 2022. Ithad earned a $13,000 pretax operating income from January 1, 2022 to the disposal date. Denverhad 50,000 shares of stock outstanding throughout the year. Income tax expense has not yet beenaccrued. The effective tax rate is 30%. dont give me handwritten answers thank you
Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Fees earned $1,560,000 $1,360,000 Expenses (748,800) (788,800) Net income $811,200 $571,200 Required: a. Prepare a vertical analysis of Cornea Company’s income statements. If required, round your percentage to the nearest whole number. Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Amount Percent Amount Percent Fees earned $1,560,000 fill in the blank 1 % $1,360,000 fill in the blank 2% Expenses (748,800) fill in the blank 3 % (788,800) fill in the blank 4% Operating income $811,200 fill in the blank 5 % $571,200 fill in the blank 6% b. Does the vertical analysis indicate a favorable or an unfavorable trend?
Using the “Statement of Income” worksheet, center the financial statement titles across the data below and bold the company name Thom-Pierre Consultants (TPC) Quarterly Schedule of Revenue For the year December 31, 2018 QTR1 QTR2 QTR3 QTR4 2018 Sales 290000 320000 320000 490000 1,420,000 Interest 102500 175000 180000 54000 511,500 Investment Income 13000 9500 10000 20000 52,500 Other 16000 25000 19500 29000 89,500 Total 421,500 529,500 529,500 593,000 2,073,500 Thom-Pierre Consultants (TPC) COMPARITIVE INCOME STATEMENT for years ended 31 December 2018 2019 Revenues and gains *Sales revenue *Interest revenue *Investment Income *Other revenue Total revenue and gains Expenses and losses **Cost of goods sold 460,000 **Selling…
FINANCIAL STATEMENT ANALYSIS FINANCIAL INFORMATION *USE THE DATA BELOW FOR THE CREATION OF HORIZONTAL AND VERTICAL ANALYSIS ONLY GILAS PILIPINAS STORE INC. GILAS PILIPINAS STORE INC. Statement of Comprehensive Income Statement of Comprehensive Income For The Year Ended December 31, 2018 and 2019 For The Year Ended December 31, 2018 and 2019 2019 2018 2019 2018 Sales $ 2,195,000.00 $ 1,960,000.00 Assets Sales returns and allowances $ 98,000.00 $ 123,000.00 Current Assets $ 1,020,000.00 $ 945,000.00 Net Sales $ 2,097,000.00 $ 1,837,000.00 Plant assets (net) $ 800,000.00 $ 632,500.00 Cost of goods sold $ 1,281,000.00 $ 1,140,000.00 Intangible Assets $ 15,000.00 $ 17,500.00 Gross profit $ 816,000.00 $ 697,000.00 Total Assets $ 1,835,000.00 $ 1,595,000.00 Selling…
Comparative statement data for Douglas Company and Maulder Company, two com-petitors, appear below. All balance sheet data are as of December 31, 2011, and December 31,2010.Douglas Company Maulder Company2011 2010 2011 2010Net sales $1,549,035 $339,038Cost of goods sold 1,080,490 241,000Operating expenses 302,275 79,000Interest expense 8,980 2,252Income tax expense 54,500 6,650Current assets 325,975 $312,410 83,336 $ 79,467Plant assets (net) 521,310 500,000 139,728 125,812Current liabilities 65,325 75,815 35,348 30,281Long-term liabilities 108,500 90,000 29,620 25,000Common stock, $10 par 500,000 500,000 120,000 120,000Retained earnings 173,460 146,595 38,096 29,998Instructions(a) Prepare a vertical analysis of the 2011 income statement data for Douglas Company andMaulder Company in columnar form.(b) Comment on the relative profitability of the companies by computing the returnon assets and the return on common stockholders’ equity ratios for both companies.
Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Fees earned $1,570,000 $1,300,000 Expenses (832,100) (780,000) Net income $737,900 $520,000 Required: a. Prepare a vertical analysis of Cornea Company’s income statements. If required, round your percentage to the nearest whole number. Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Amount Percent Amount Percent Fees earned $1,570,000 % $1,300,000 % Expenses (832,100) % (780,000) % Operating income $737,900 % $520,000 % b. Does the vertical analysis indicate a favorable or an unfavorable trend?
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Selected information about income statement accounts for the Reed Company is presented below (the company's fiscal year ends on December 31): 2024 2023 Sales revenue $ 4,900,000 $ 4,000,000 Cost of goods sold 2,960,000 2,100,000 Administrative expense 900,000 775,000 Selling expense 460,000 402,000 Interest revenue 160,000 150,000 Interest expense 220,000 220,000 Loss on sale of assets of discontinued component 88,000 — On July 1, 2024, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by GAAP. The assets of the component were sold on September 30, 2024, for $88,000 less than their book value. Results of operations for the component (included in the above account balances) were as follows:…
QUESTION # 1 a) In an accounting conference, discussion turned to the possibility of preparing financial statements from a few key accounts together with financial or cost ratios. The assistant controller of a participating firm provided the following data: Pretax income $ 2100000/-. Pre tax Income rate on sales 20%, Gross Profit rate 45%, Rate of marketing expense to sales 25%, 5% Bond Payable represent 37.5 % of the total liabilities of $ 1000000/-. Required: - An Income statement for the year based on the above information. b) If amongst the cost of goods sold in the above question 40% is Direct material and remaining is FOH and Direct Material. FOH is 75% of Direct labour. In the coming year it is expected that material would increase by 20% and amongst total FOH 40% is fixed. If margin rate is 40% and the ratio between Variable FOH and Direct Labour remains same find out the new selling price.