[jpalis]

I have another one thank you for those that are helping me.

Revenue and expense data for Malden Company are as follows:

2006 2005Adminstrative expenses $37,000 $20,000
Cost of Good Sold 400,000 320,000
Income Tax 40,000 32,000
Net Sales 900,000 700,000
Selling Expenses 190,000 110,000

(A) Prepare a comparative income statement, with vertical analysis, stating each item for both 2006 and 2005 as a percent of sales.


Thank you again.

[CaptainForest]

Here is part of the answer...

Comparative Income Statement

---------- 2006-----------2005
Net Sales--900,000------700,000
COGS----- 400,000------320,000
Net Proft---500,000------380,000
Admin Exp--37,000------20,000
Selling Exp--190,000------110,000
IBT---------273,000------250,000
Inc. Taxes---40,000------32,000
Net Income--233,000------218,000

[jpalis]

Can you tell me what IBT stands for? Thank you

[ROLCAM]

Ibt = Income Before Tax.

[jpalis]

Thank you for all your help

[dottie_719]

Equipment accquired at beginning of the year cost $56,000
estimatie residual value of 3,000
useful life of 5 years

Determine the 2nd year's depreciation using straight-line depreciation:)

[dottie_719]

10,600

[hpendleton]

Salter Inc.'s unit selling price is $52, the unit variable costs are $34, fixed costs are $118,254, and current sales are 10,623 units. How much will operating income change if sales increase by 5,856 units?

[janani_murali]

Change in operating income is 144.44% approx..
In $ it is $105408.

It can either be found out by working a comparative income statement or applying Degree of operating leverage..

[maryjaneadams]

Can I speak with someone about assets liabilites and owner's equity?

[maryjaneadams]

Can I speak with some one about assets liabilites and owner's equity in preparring for my finial

[paraclete]

What are your questions?