ADVANCED ACCOUNTING CONNECT ACCESS >I<
1st Edition
ISBN: 9781266418150
Author: Hoyle
Publisher: MCG CUSTOM
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Chapter 8, Problem 8DYS
1.
To determine
Assess the seasonal nature of company W sales and income for the company as a whole and by operating segment.
2.
To determine
Assess company W’s profitability by quarter and by operating segment.
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Segment Analysis
Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice information:
20Y5
20Y4
Retail
$145,400
$138,500
Wholesale
173,100
189,300
Total revenue
$318,500
$327,800
Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers.
Verity Company
Horizontal Analysis
For the Years 20Y4 and 20Y5
20Y5
20Y4
Difference - Amount
Difference - Percent
Retail
$145,400
$138,500
$fill in the blank
fill in the blank %
Wholesale
173,100
189,300
fill in the blank
fill in the blank %
Total revenue
$318,500
$327,800
$fill in the blank
fill in the blank %
Prepare a vertical analysis of the segments. If required, round percentages to one decimal place.
Verity Company
Vertical Analysis
For the Years 20Y4 and 20Y5
20Y5 Amount
20Y5 Percent
20Y4…
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Segment Analysis
Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice informatiom
20Υ5
20Υ4
Retail
$145,400
$138,500
Wholesale
173,100
189,300
Total revenue
$318,500
$327,800
Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers.
Verity Company
Horizontal Analysis
For the Years 20Y4 and 20Y5
20Υ5
20Υ4
Difference - Amount Difference - Percent
Retail
$145,400 $138,500
0%
Wholesale
173,100 189,300
Total revenue $318,500 $327,800
Prepare a vertical analysis of the segments. If required, round percentages to one decimal place.
Verity Company
Vertical Analysis
For the Years 20Y4 and 20Y5
20Y5 Amount
20Y5 Percent
20Y4 Amount 20Y4 Percent
Retail
$145,000
$138,500
Wholesale
173,100
%
189,300
$327,800
Total revenue 5318,500
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Access the February 21, 2017, filing of the December 31, 2016, 10-K report of The Hershey Company (ticker: HSY) at SEC.gov and complete the following requirements. Required Compute or identify the following profitability ratios of Hershey for its years ending December 31, 2016, and December 31, 2015. Interpret its profitability using the results obtained for these two years. 1. Profit margin ratio (round the percent to one decimal). 2. Gross profit ratio (round the percent to one decimal). 3. Return on total assets (round the percent to one decimal). (Total assets at year-end 2014 were $5,622,870 in thousands.) 4. Return on common stockholders’ equity (round the percent to one decimal). (Total shareholders’ equity at year-end 2014 was $1,519,530 in thousands.) 5. Basic net income per common share (round to the nearest cent).
Chapter 8 Solutions
ADVANCED ACCOUNTING CONNECT ACCESS >I<
Ch. 8 - Prob. 1QCh. 8 - Prob. 2QCh. 8 - Prob. 3QCh. 8 - The management approach requires a firm to define...Ch. 8 - What is an operating segment?Ch. 8 - Prob. 6QCh. 8 - Prob. 7QCh. 8 - Prob. 8QCh. 8 - Prob. 9QCh. 8 - Prob. 10Q
Ch. 8 - Prob. 11QCh. 8 - To satisfy geographic area disclosure...Ch. 8 - Prob. 13QCh. 8 - Prob. 14QCh. 8 - Prob. 15QCh. 8 - Prob. 16QCh. 8 - Prob. 17QCh. 8 - How does a company determine the amount of income...Ch. 8 - Prob. 19QCh. 8 - Prob. 20QCh. 8 - What type of segment information must companies...Ch. 8 - How would an annual bonus paid at year-end be...Ch. 8 - Which of the following does U.S. GAAP not consider...Ch. 8 - Prob. 2PCh. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Which of the following is not necessarily true for...Ch. 8 - Prob. 7PCh. 8 - Prob. 8PCh. 8 - Prob. 9PCh. 8 - Which of the following items is required to be...Ch. 8 - Prob. 11PCh. 8 - Prob. 12PCh. 8 - Which of the following information items with...Ch. 8 - Prob. 14PCh. 8 - In considering interim financial reporting, how...Ch. 8 - How should material seasonal variations in revenue...Ch. 8 - Prob. 17PCh. 8 - Prob. 18PCh. 8 - Prob. 19PCh. 8 - Niceville Company pays property taxes of 100,000...Ch. 8 - Prob. 21PCh. 8 - Prob. 22PCh. 8 - Prob. 23PCh. 8 - Prob. 24PCh. 8 - Prob. 25PCh. 8 - Prob. 26PCh. 8 - Prob. 27PCh. 8 - Prob. 28PCh. 8 - Prob. 29PCh. 8 - Prob. 30PCh. 8 - Prob. 31PCh. 8 - Prob. 32PCh. 8 - Prob. 33PCh. 8 - Prob. 34PCh. 8 - Prob. 35PCh. 8 - Prob. 36PCh. 8 - Prob. 37PCh. 8 - Prob. 38PCh. 8 - Noventis Corporation prepared the following...Ch. 8 - Prob. 40PCh. 8 - Prob. 41PCh. 8 - Prob. 5DYSCh. 8 - ACCOUNTING STANDARDS CASE 1SEGMENT REPORTING...Ch. 8 - ACCOUNTING STANDARDS CASE 2INTERIM REPORTING...Ch. 8 - Prob. 8DYSCh. 8 - Prob. 9DYS
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- Pint item Segment Analysis Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice information: 20Y5 20Υ4 Retail $145,400 $138,500 Wholesale 173,100 189,300 Total revenue $318,500 $327,800 Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers. Verity Company Horizontal Analysis For the Years 20Y4 and 20Y5 20Y5 20Y4 Difference - Amount Difference - Percent Retail $145,400 $138,500 Wholesale 173,100 189,300 Total revenue $318,500 $327,800 Prepare a vertical analysis of the segments. If required, round percentages to one decimal place. Verity Company Vertical Analysis For the Years 20Y4 and 20Y5 20Y5 Percent 20Y4 Amount 20Y4 Percent 20Y5 Amount $138,500 Retail $145,000 189,300 Wholesale 173,100 $327,800 Total revenue $318,500 Check My Work Save and Exit Email Instructor All work saved.arrow_forwardSingle step income statement Summary operating data for custom wore and company during nthe year ended April 30, 2019, are as follows: cost of merchandise sold, $466,900; administrative expenses, $58,800; interest expense, $35,000; rent revenue, $117, 600; sales, $746,400; and selling expenses,$88,200 . Prepare a single - step income statement. Custom Wire and Company Income statement For the year ended April 30, 2019 Revenues: _______ $ ________ ________ Total revenues: $ Expenses: _________ $ ________ ________ ________ _______ Total Expenses _________ _________ $arrow_forwardClassifying Statements As Items in the Form 10-K The following disclosures are included in the recent fiscal year Form 10-K of United Natural Foods Inc. For each disclosure 1 through 5, indicate the Item number of the Form 10-K where the disclosure would be included or incorporated by reference. 1. Steven L. Spinner (President and CEO): current fiscal year base salary, $1,200,000. 2. Independent retailers net sales increased primarily due to $971 million of an incremental 12 weeks of net sales from the acquired Supervalu business, which was partially offset by the estimated impact from the 53rd week in the prior fiscal year, of $120 million. 3. Basic earnings per share is calculated by dividing net income (oss) by the weighted average number of common shares outstanding during the period. 4. Eric F. Artz has served as a member of the Board since October of four years ago. 5. We expect to continue to replenish operating assets and pay down debt obligations with internally generated…arrow_forward
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