Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help please. due in...

need help please. due in...

90.2K

Verified Solution

Question

Accounting

image

image

need help please. due in an hr and half

Income statement analysis 20 points 2020 October 2021 October Revenue 70,000 80,000 Expenses Payroll 14,000 16,000 COGS 14,000 17,000 Rent 5,000 5,000 Marketing 3,500 4,500 Insurance 2,000 2,000 Utilities 2,000 2,000 Supplies 3,000 3,000 Note 4,000 4,000 Answer all ten questions a. What is the net income in dollars of 2020? $22,500 b. What is the net income in dollars of 2021? $26,500 c. What is the net income percentage of 2020? d. What is the net income percentage of 2021? e. What is the ROI of October 2020 with $100,00 investment? 0.225 f. What is the rent ratio of October 2020? g. How many units must we sell in October 2020 if our average sale is $200? h. What is the payroll ratio of October 2021? i. What is the payroll ratio of October 2020? j. Did productivity increase from 2020 to 2021

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

For the following problems, construct a scatter plot using excel. After the plot is drawn, analyze...

Biology
1.2K views

1.What does Streptococci look like under the microscope? a.strings of rods b.strings/chains of spheres c.clusters of rods d.grape-like clusters...

Biology
1.2K views

By considering the genotypes in a single generation (NOT changes in frequencies over time or changes...

Basic Math
1.2K views

General guidelines: Use EXCEL or PHStat to do the necessary computer work. Do all the necessary analysis...

Biology
1.2K views

6 What is a precursor cell of macrophages histiocytes A Langerhans cell B Dendritic cell...

Biology
1.2K views

If a group of cells has a statisticall significant high number in anaphase, there could...

Physics
1.2K views

An isosceles triangle is to be cut from one edge of a square lamina as...

Basic Math
1.2K views

Each exterior angle of a regular polygon measures 20. How many sides does the polygon...

Algebra
1.2K views

Add.52+x-3 x + 2Select the correct choice below and fill in any answer boxes within...

Accounting
1.2K views

1. Do you think the BMW Group should prepare financial statements in accordance to GAAP...

Accounting
1.2K views

If a manufacturing firm uses the units-of-production method for computing depreciation on its only plant...

Accounting
1.2K views

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint...