Revenue and expense data for Mandell Technologies Co. are as follows: a. Prepare an income statement in
Question:
Revenue and expense data for Mandell Technologies Co. are as follows:
a. Prepare an income statement in comparative form, stating each item for both 2012 and 2011 as a percent of sales. Round to one decimal place.
b. Comment on the significant changes disclosed by the comparative incomestatement.
Transcribed Image Text:
Sales Cost of goods sold Selling expenses Administrative expenses Income tax expense 2012 $800,000 504,000 120,000 128,000 33,600 2011 $740,000 407,000 140,600 125,800 48,100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a M ANDELL TECHNOLOGIES CO Comparative Income Statement For the Years Ended December 31 2012 and 201...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Revenue and expense data for Searle Technologies Co. are as follows: a. Prepare an income statement in comparative form, stating each item for both 2012 and 2011 as a percent of sales. Round to one...
-
Revenue and expense data for Rogan Technologies Co. are as follows: (a) Prepare an income statement in comparative form, stating each item for both 2010 and 2009 as a percent of sales. Round to one...
-
Revenue and expense data for Rogan Technologies Co. are as follows: a. Prepare an income statement in comparative form, stating each item for both 2010 and 2009 as a percent of sales. Round to one...
-
Adam and Mandeep are in a partnership in retailing computer accessories. The partnership records, exclusive of GST, for this income year, disclose: Receipts ($): 530,000 Payments ($): 175,000 70,000...
-
On December 31, 2013, the stockholders' equity section of the balance sheet of R & B Corporation reflected the following: Common stock (par $10; authorized 60,000 shares, outstanding 25,000 shares)...
-
The 1.5-kg block slides along a smooth plane and strikes a nonlinear spring with a speed of v = 4 m/s. The spring is termed "nonlinear" because it has a resistance of F s = ks, where k = 900 N/m....
-
Slip for a reciprocating pump is defined as (a) Qa-2th 2th 2th -Qa 2th -Qa Qa-2th (b) (c) (d) Qa 2th Qa
-
A craftsman named Chuck Synovec builds two kinds of birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse takes 4 hours of labor and 4 units of lumber. Each bluebird house...
-
4. Write the definitions for engineering stress, true stress, engineering strain, and true strain for loading along a single axis. A commercially pure copper wire originally 10.00 m long is pulled...
-
Calculation on excel using this spreadsheet 2. You are given the following data on 8/24/2015 settlement date: Maturity 8/31/2017 Annual Coupon Rate Bid Price Asked Price 1.875 102.4922 102.5078 |...
-
A company reports the following: Net income ............$650,000 Preferred dividends .........$50,000 Shares of common stock outstanding ...120,000 Market price per share of common stock ..$75 a....
-
The following comparative income statement (in thousands of dollars) for the fiscal years 2008 and 2007 was adapted from the annual report of Speedway Motorsports, Inc., owner and operator of several...
-
Complete the following sentences: a. Women __________ b. Men __________ c. Latinos __________ d. European Americans __________ e. African Americans __________ f. Older people __________ Now share...
-
Can you provide an in-depth explanation of the key factors that have contributed to the rapid growth of e-commerce in recent years?
-
Faro owns and operates seven (7) residences located throughout Canada. The square footage and insurance premium rates are provided as follows: Residence Square Footage Insurance Premium Rate Alida...
-
Numerous factors influence an employee's willingness to participate in knowledge management initiatives. Describe and discuss the potential advantage and disadvantages to workers sharing their...
-
A 44 pounds child is prescribed motrin 10 mg/kg. The available concentration is 200 mg/ 5 ml. How many mls will the nurse administer
-
The amount of pollutants that are found in waterways of cities in a county is normally distributed with mean 8.5 ppm and standard deviation 1.4 ppm. Five randomly selected cities in the county are...
-
Describe the main stages of the technology life cycle. What are sibling S-curves? Think of an example of sibling curves.
-
The following table shows the rates of total return in successive years from 2004 to 2008 for the Sprott Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By...
-
Build a truth table for each of the gate circuits in Problems 1619. + b
-
Explain the meaning of each of the following terms as they relate to a bond issue: (a) Convertible, (b) Callable, and (c) Debenture.
-
Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable or borrowing the money from a local bank in the form of an...
-
Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable or borrowing the money from a local bank in the form of an...
-
Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,800. What are her self-employment tax liability and additional Medicare tax liability for...
-
D.L. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Ko, the president, to believe...
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
Study smarter with the SolutionInn App