using the following information, prepare a vertical analysis of 2 years' income statements. fees earned is $155,500 for year 2 and $151,300 for year 1. operating expenses are $127,800 for year 2 and $132,445 for year 1. which of the following statements is true? a.income from operations has increased as a percentage of revenue. b.operating expenses have increased as a percentage of revenue. c.income from operations has decreased as a percentage of revenue. d.none of these choices are correct.
Answers
Depending on a company's business plan, operating expenses vary by industry and even within a single industry. Generally speaking, a rise in any kind of business expense reduces profit. Thus, option B is correct.
What is the impact of operating expenses on revenue?Revenue refers to earnings before the deducting any expenditures or expenses. Operating income, on the other hand, is a company's profit after deducting operating expenses, which are the costs associated with conducting regular operations.
Net sales are merely one sort of expense that must be decreased to achieve net profit. Revenue less any operational costs are operating income, whereas net income is operating income less any other non-operating costs like interest and taxes.
Therefore, operating expenses have increased as a percentage of revenue.
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None of the option is correct. Vertical analysis is a technique for comparing various elements on an income statement across time. It entails representing each item as a percentage of a starting point. Typically, total revenues serve as the starting point for a vertical study of income statements.
What is the impact of operating expenses on revenue?Revenue refers to earnings before the deducting any expenditures or expenses. Operating income, on the other hand, is a company's profit after deducting operating expenses, which are the costs associated with conducting regular operations.
We can determine the percentages of fees received and operational expenditures for each year based on the information supplied. Fees collected in year 2 are 102.3%, while operating expenditures are 82.2%. In year one, fees received are 99.3% of total revenue, while operating expenditures are 87.2%.
As we compare the percentages for each year, we can see that the percentage of fees generated climbed from year 1 to year 2, while the percentage of operational expenditures declined. This signifies that operating income has grown as a proportion of revenue, but neither operating income nor operating costs have increased or reduced as a percentage of revenue.
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Related Questions
give an example of tourism for market penetration
Answers
Answer:
restaurants
Explanation:
like when you have a vegetarian people that only eats vegies that means that the only thing that is going to sell out is the vegies not that meat
What expertise and characteristics should directors have or possess in companies like Spar and Shoprite? Explain THREE each
Answers
Expertise and characteristics that directors in companies like Spar and Shoprite should possess include knowledge of retail industry trends, financial acumen, and strong leadership skills.
What expertise and characteristics should directors have or possess?Directors in companies like Spar and Shoprite play a crucial role in guiding the strategic direction of the organization, ensuring that it remains competitive and profitable in a constantly evolving retail landscape.
To do this effectively, they must possess a deep understanding of the industry, including emerging trends in consumer behavior, technology, and logistics. They must also have strong financial acumen, as they are responsible for overseeing the company's financial performance and making decisions that will drive growth and profitability.
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Which of the following, happening simultaneously, reduces the severity of the crowding-out effect whenever government spending increases? The Fed increasing the required reserve ratio. The Fed selling government securities to the public. The government decreasing taxes. O An expansionary fiscal policy. The Fed buying up government securities from the public,
Answers
The government decreasing taxes reduces the severity of the crowding-out effect whenever government spending increases.
The crowding-out effect occurs when increased government spending leads to higher interest rates, which reduces private investment and consumption. However, if the government decreases taxes at the same time, it can stimulate private consumption and investment, offsetting the negative impact of higher interest rates. The other options listed - the Fed increasing the required reserve ratio, the Fed selling government securities to the public, and an expansionary fiscal policy - can all contribute to the crowding-out effect by reducing the money supply and increasing interest rates. The Fed buying up government securities from the public may have a neutral effect on the crowding-out effect, as it would increase the money supply and potentially lower interest rates, but this would depend on the overall impact on the economy. Overall, the most effective way to reduce the crowding-out effect when government spending increases is for the government to also decrease taxes to stimulate private consumption and investment.
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Think about an item that you are interested in purchasing. Perhaps it is a new computer, an MP3 player, a new book, or a new bike. Now think of an alternative product that you are also interested in purchasing. Search the web and find out what each of these items costs. Then create your own decision-making grid similar to the one in the previous screen. When you have completed your grid, explain in at least one well-developed paragraph which item you have chosen to buy and why. Submit both your grid and your paragraph for grading.
Answers
Answer:
I have no idea tbh......
Does rapid economic growth cause inflation?
Answers
Yes, Rapid economic growth cause inflation. Since the growth rate of the price level is just another term for the inflation rate, the inflation rate must fall.
The inflation refers to a general increase in the price of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
An increase in the rate of economic growth means more goods for money to chase which puts downward pressure on the inflation rate. If the economy grows faster than it has capacity to, price will rise quickly and things become more expensive.
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larger firms with more complex organizational structures are: _____
Answers
Larger firms with more complex organizational structures are More bureaucratic.
Larger firms with more complex organizational structures tend to be more bureaucratic. As organizations grow in size and complexity, they often develop layers of management, formalized procedures, and specialized departments or divisions. These bureaucratic structures help coordinate and control the activities of a larger workforce and ensure efficient operations.
Bureaucracy is characterized by a hierarchical chain of command, division of labor, standardized procedures, and centralized decision-making. These features help maintain order, establish clear roles and responsibilities, and facilitate coordination within the organization. However, bureaucracy can also introduce challenges such as slower decision-making, increased bureaucracy, and reduced flexibility.
Larger firms with more complex organizational structures tend to be more bureaucratic as they need to establish formalized systems and processes to manage their operations effectively.
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You should not be descriptive when writing a business letter?
True
False
Answers
Answer:
False
Explanation:
In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.
A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across. For this reason, descriptive writing is not good for business letters.
Answer:
false
Explanation:
all small indusrties are highly labor intensive true /false given reason
Answers
Answer:
FALSE.
Explanation:
Not ALL small industries are highly labor-intensive. If you start a small industry, it could become highly labor-intensive as a result of insufficient staffing, inventory, and other factors.
TIP: Never use "ALL", "ALWAYS", "NEVER", etc...words like this turn arguments false.
without government intervention, public goods tend to be
Answers
intro to business edmentum notes for unit 3 and 4? vv high points
Answers
Answer:
The notes can be found on brain.com someone is giving out the notes
Explanation:
I don't remember his name but if you ask nicely then them notes will be yours.
What is the main purpose of Hipaa?
Answers
The main purpose of the Health Insurance Portability and Accountability Act (HIPAA) is to protect the privacy and security of individuals' health information.
HIPAA was enacted by the U.S. Congress in 1996 to establish national standards for the electronic exchange of health information and to protect the confidentiality, integrity, and availability of this information. HIPAA applies to all health plans, healthcare providers, and healthcare clearinghouses that electronically transmit health information. The main provisions of HIPAA include the following:
Privacy Rule: This rule sets standards for the protection of individuals' medical records and other personal health information.
Security Rule: This rule establishes standards for protecting the confidentiality, integrity, and availability of electronic protected health information.
Breach Notification Rule: This rule requires covered entities to notify individuals and the government in the event of a breach of unsecured protected health information.
Enforcement Rule: This rule sets penalties for violations of HIPAA regulations and establishes procedures for investigating and resolving complaints.
Overall, the main purpose of HIPAA is to protect the privacy and security of individuals' health information and to establish standards for the electronic exchange of this information in the healthcare industry.
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According to the passage, the year 2007 was a for the us economy. during 2008 and 2009, the us economy experienced a .
Answers
According to the passage, the year 2007 was a for the us economy. During 2008 and 2009, the us economy experienced a “Great Recession”.
The US economy experienced a “Great Recession” due to a combination of factors, including a
housing market crashhigh levels of consumer debta tightened credit marketa decrease in consumer spendingThese factors caused a sharp decline in economic activity, leading to high unemployment, bankruptcies, and a severe contraction in the US economy.
What was the Great Recession in the U.S. economy?The year 2007 was a pivotal year for the US economy. While the US economy was thriving and the stock market was reaching record highs, the seeds of financial crisis had already been planted. By the end of the year, the US economy was on the brink of a major recession.
The Great Recession, which began in 2008, was an economic downturn of unprecedented magnitude. It was characterized by:
high unemploymenta dramatic decrease in consumer spendinga collapse of the housing market.Learn more about the Great Recession in the U.S. economy:
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Answer: Peak, a recession
Explanation: got it right on edge
Why do you think it is important to have a diverse number of careers to choose from? How would it affect our global economy if there were only one or two career clusters?
Answers
Kristina is tempted to get a credit card now that she is in college. What is one fiscally responsible reason for Kristina to get a credit card? A. She will be able to buy whatever she wants. B. She won’t have to carry cash everywhere. C. Price will no longer need to be considered when she makes purchases. D. She will receive a free tee-shirt when she opens the account.
Answers
Answer:
B because it is the only one except for d that cant be done using cash and d is just not it
Explanation:
Answer:
it would be B
Explanation: because you can definitely rule out D, C is definitely not it because you should still consider pricing with whatever you buy. With A it isn't a good reason because you may not have a lot of money on your card.
Suppose there is an early freeze in california that reduces the size of the lemon crop. What happens to consumer surplus in the market for lemons?.
Answers
The market for lemons will experience a decline in consumer excess.
Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand.
Demand declines when the price rises, but supply increases. On the other hand, as the price drops, supply becomes limited and demand rises.
On a graph, levels of supply and demand for various prices can be represented as curves. These curves overlap at the equilibrium, or market-clearing price, where supply and demand are equal. This intersection symbolizes the process of price discovery in the market.
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can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation:
Which is the best description of a balance sheet? (1 point)
Answers
Answer: the balance sheet is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. Balance sheets can be used with other important financial statements to conduct fundamental analysis or calculate financial ratios.
Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answers
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
Unscramble the vocabulary word from Chapter 12: pexnesse
Answers
Answer:
expenses
Explanation:
A scrambled word is a word that has been rearranged or jumbled, so its letters are not in the correct order. The purpose of unscrambling a word is to rearrange the letters back into their correct order to form a meaningful word. The scrambled word "pexnesse" can be unscrambled to form the word "expenses."
Expenses refer to the costs or expenditures incurred in the process of conducting business, managing personal finances, or carrying out various activities.
Expenses can include a wide range of items, such as bills, purchases, salaries, rent, utilities, taxes, and any other monetary outflows required to sustain operations or maintain a certain lifestyle.
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What type of pricing strategy involves consumers making a judgment about a product and its
quality based on its price compared with a similar product?
O reference pricing strategy
Oprice lining strategy
O fair price strategy
O odd pricing strategy
Answers
Answer: reference pricing strategy
Explanation:
What is excitatory postsynaptic potential?
Answers
Excitatory postsynaptic potential (EPSP) is a type of electrical change that occurs in the membrane of a neuron following the arrival of an action potential at the synapse. It is called "excitatory" because it makes the neuron more likely to fire an action potential.
When an action potential reaches the synapse, it causes the release of neurotransmitters, which then bind to receptors on the postsynaptic neuron. This binding can cause a change in the electrical potential across the membrane of the postsynaptic neuron. Specifically, it causes an influx of positively charged ions (such as sodium or calcium) into the neuron, which results in a depolarization of the membrane potential.
If the depolarization is large enough, it can reach the threshold potential, and an action potential will be generated. This is known as an "excitatory" postsynaptic potential, because it increases the likelihood that an action potential will be generated.
EPSPs are one of the ways that information is transmitted between neurons in the nervous system. They are often mediated by neurotransmitters such as glutamate or aspartate and play a role in the communication between neurons, allowing them to integrate and process information and generate appropriate responses.
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what is the full meaning of "SWOT"
Answers
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
What might be the short run impact of a completely open immigration policy that allowed labor to move freely across the U.S. border
Answers
Answer:
it will be harder to stop drugs and illegal weapons from coming into the US due to the fact that there would be no checks and if there was it would be easier to scope out the people with and without identification
Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.
Answers
Answer:
He began to worry.vvv
Explanation:
Answer:
"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision
Explanation:
tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
Interpreting Bond Footnote Disclosures and Computing Effective Interest Rate In 2019, French grocery retailer Carrefour issued bonds as follows. Issue date May 7, 2019 500 1% Issue amount (€M) Annual coupon rate Maturity Issue price May 17, 2027 99.534 a. Determine the annual interest payments. € 5 million b. Determine the effective interest rate. Note: Round percentage to three decimal places (for example, enter 6.656% for 6.6555%). 1.061 % C. What amount of interest expense does the company report related to these bonds for the fiscal year ended December 31, 2019? Note: Round your answers (in millions) to two decimal places. € 3.45 x million
Answers
The annual interest payments for the Carrefour bonds are €5 million, the effective interest rate for the Carrefour bonds is 2.0362% and the interest expense is €2.025 million.
Explanation:a. The annual interest payments can be calculated as follows:
Annual interest payments = Issue amount x
Coupon rate
= €500 million x 1%
= €5 million
Therefore, the annual interest payments for the Carrefour bonds are €5 million.
b. The effective interest rate can be
calculated using the following formula:
Effective interest rate = (Coupon payment / Issue price) x (365/ Days to maturity) Coupon payment = Annual coupon rate x
Face value of bond
= 1% x €500 million
= €5 million
Days to maturity = (Maturity date - Issue
date) / 36 5
= (May 17, 2027 - May 7, 2019) / 365
= 8.9726 years
Effective interest rate = (€5 million / €99.534 million) x (365/8.9726)
= 0.0501 x 40.6302
= 2.0362%
Therefore, the effective interest rate for the Carrefour bonds is 2.0362%.
c. Interest expense for the fiscal year ended December 31, 2019, can be calculated as follows:
Interest expense = Carrying amount of bonds at the beginning of the year x Effective interest rate
The carrying amount of the bonds at the beginning of the year is the issue price of the bonds, which is €99.534 million.
Interest expense = €99.534 million x
2.0362%
= €2.025 million.
Therefore, the interest expense related
to these bonds for the fiscal year ended
December 31, 2019, is €2.025 million.
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Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.
Answers
D. They want to be sure the applicant can collaborate and work well
with other team members.
Explanation:
Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.
What is a technical job?Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.
Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.
However, it is important to realize not all technical skills at an individual’s disposal should be listed.
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Brief Exercise 14-11 Marin Corporation issued a 5-year, $82,000, zero-interest-bearing note to Brown Company on January 1, 2017, and received cash of $48,663. The implicit interest rate is 11%. Prepare Marin's journal entries for (a) the January 1 issuance and (b) the December 31 recognition of interest. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) January 1, 2017 (b) December 31, 2017 List of Accounts:
Accumulated Depreciation-Equipment
Accumulated Depreciation-Machinery
Allowance for Doubtful Accounts
Bad Debt Expense
Bond Issue Expense
Bonds Payable
Buildings
Cash
Common Stock
Debt Investments
Depreciation Expense
Discount on Bonds Payable
Discount on Notes Payable
Discount on Notes Receivable
Equipment
Equity Investments
Gain on Disposal of Machinery
Gain on Disposal of Land
Gain on Disposal of Plant Assets
Gain on Redemption of Bonds
Gain on Restructuring of Debt
Gain on Sale of Machinery
Interest Expense
Interest Payable
Interest Receivable
Interest Revenue
Land
Loss on Disposal of Land
Loss on Redemption of Bonds
Machinery
Mortgage Payable
No Entry
Notes Payable
Notes Receivable
Paid-in Capital in Excess of Par - Common Stock
Paid-in Capital in Excess of Par - Preferred Stock
Premium on Bonds Payable
Sales Revenue
Unamortized Bond Issue Costs
Unearned Revenue
Unearned Sales Revenue
Unrealized Holding Gain or Loss - Income
Answers
a) January 1, 2017:
No Entry
(b) December 31, 2017:
Date Account Titles and Explanation Debit Credit
December 31 Interest Expense 8,983
Discount on Notes Payable 8,983
Explanation:
To recognize the interest expense on the zero-interest-bearing note, we need to calculate the interest using the implicit interest rate. The note has a face value of $82,000 and a term of 5 years. The interest can be calculated as follows:
Interest = Face Value × Implicit Interest Rate × Time
= $82,000 × 11% × 1 year
= $8,983
The interest expense is debited to Interest Expense, and the discount on the note is credited to Discount on Notes Payable.
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During its most recent fiscal year, Dover, Inc. had total sales of $3,340,000. Contribution margin amounted to $1,570,000 and pretax income was $505,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?a) $2,075,000.b) $2,835,000.c) $1,265,000.d) $1,065,000.e) $1,770,000.
Answers
Answer:
d) $1,065,000
Explanation:
Evaluate the use of animals in attachment research
Answers
Green (1994) states that, on a biological level at least, all mammals (including rhesus monkeys) have the same brain structure as humans; the only differences relates to size and the number of connections. Harlow's research has profound implications for childcare