Attached is a schedule of five proposed changes at the end of the year. Required: 1. Indicate
Question:
Required:
1. Indicate whether each of the proposed changes is conservative, aggressive, or neutral.
2. Indicate whether the total effect of all the changes is conservative, aggressive, orneutral.
Transcribed Image Text:
Before the Proposed Change (a) $200,000 (b) 400,000 (c) (100,000) (d) 50,000 e (50,000) After the Change (S in 000s) Net sales Cost of goods sold Operating expenses Other revenue Other expense Change $19,000,000 13,600,000 $18,800,000 13,200,000 1,600,000 500,000 450,000 S 4,050,000 ,500,000 550,000 400,000 Net income 4,050,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Requirement 1 a Aggressive b Conservative c Aggressive d Aggressive e Aggressive Changes ...View the full answer
Answered By
HILLARY KIYAYI
I am a multi-skilled, reliable & talented Market analysis & Research Writer with a proven ability to produce Scholarly Papers, Reports, Research and Article Writing and much more. My ultimate quality is my English writing/verbal skill. That skill has proven to be the most valuable asset for project writing, Academic & Research writing, Proofreading, HR Management Writing, business, sales, and a variety of other opportunities.
4.80+
24+ Reviews
60+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Question Posted:
Students also viewed these Managerial Accounting questions
-
Attached is a schedule of five proposed changes at the end of the year. Required: 1. Indicate whether each of the proposed changes is conservative, aggressive, or neutral. 2. Indicate whether the...
-
Attached is a schedule of five proposed changes at the end of the year. Required: 1. Indicate whether each of the proposed changes is conservative, aggressive, or neutral. 2. Indicate whether the...
-
An option was granted by a CCPC in 2020 to purchase 1000 shares for 10 per share. At the time that the option was granted the FMV of the shares was 10, The individual exercised the option in 2022 The...
-
We consider the following CFG SE + SIE E 01|2|3|4|5|67|8|9|(S) Apply the leftmost derivation and rightmost derivation with a top-down parser for this sentence: (3+7+ (1+4)) + 2
-
Which proposal do you think best serves the interest of a member of Congress and why?
-
(a) Calculate the rate at which the Sun generates neutrinos. Assume that energy production is entirely by the proton-proton fusion cycle. (b) At what rate do solar neutrinos reach Earth?
-
True or False: A rotating machine with mounting feet that run the entire length of the frame only needs to be shimmed at the four corners.
-
A water-isopropanol mixture at its bubble point containing 10 mol% isopropanol is to be continuously rectified at atmospheric pressure to produce a distillate containing 67.5 mol% isopropanol....
-
The velocity v(t) of a ball thrown upward satisfies the equation v(t) = vo + at, where vo is the initial velocity of the ball in ft/s and a is the acceleration in ft/s2 Given the data find the...
-
Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2020. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...
-
Dwights Trophy Shop is considering the following accounting changes: a. Increase the allowance for uncollectible accounts. b. When costs are going up, change from LIFO to FIFO. c. Change from the...
-
The following table shows Federer Sports Apparels income statements for 2016 and 2015. Required: Prepare a vertical analysis of the data for 2016 and2015. FEDERER SPORTS APPAREL Income Statements For...
-
Give the systematic name of (a) CH 3 CH=CHCH(CH 3 ) 2 ; (b) CH 3 CH 2 CH(CH 3 )C(CH 3 ) 3 .
-
Write a static method areTriangular() that takes three double arguments and returns true if they could be the sides of a triangle (none of them is greater than or equal to the sum of the other two).
-
Why should attributes be private?
-
Write a program HowMany that takes a variable number of command-line arguments and prints how many there are.
-
Clock. Write a program that displays an animation of the second, minute, and hour hands of an analog clock. Use the method StdDraw.pause(1000) to update the display roughly once per second.
-
Write a program that reads in integers (as many as the user enters) from standard input and prints the maximum and minimum values.
-
Copper reacts with nitric acid as shown in the balanced chemical equation 3Cu + 8HNO 3 3 Cu(NO) 2 + 2NO + 4 H 2 O If you react 25.0 g of copper with an excess of nitric acid and produce 7.24 g of...
-
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
-
Consider an open economy characterized by the following equations: The parameters \(m_{1}\) and \(x_{1}\) are the propensities to import and export. Assume that the real exchange rate is fixed at a...
-
Up until 2007 non-U.S. firms that published IFRS-based financial statements and wished to raise capital on the U.S. stock markets (e.g., New York Stock Exchange) were required to file with the SEC a...
-
Excerpts taken from the SEC form 10-K of NIKE are reproduced in Appendix C. REQUIRED: Review the NIKE Form 10-K, and answer the following questions. a. Compute cost of sales, selling, general &...
-
The following excerpts were taken from the annual reports of a variety of companies: I. The companys reporting period ends on the Saturday closest to January 31(The Limited). 2. The consolidated...
-
You obtained job-related information about the HR assistant position from O*Net. Answer the following sections based on that information. QUESTIONS: The following is the list of questions included in...
-
Marcia Stanton is the new manager of the materials storeroom for Taylor Manufacturing. Marcia has been asked to estimate future monthly purchase costs for part #696, used in two of Taylor's products....
-
Miller Company's contribution format income statement for the most recent month is shown below: Sales (37,000 units) Variable expenses Contribution margin Fixed expenses Net operating income...
Study smarter with the SolutionInn App