2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate...

  

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2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of Living Earth to the Industry. 1 Living Earth, LLC. 2 Case Challenge 3 This do-over offer is for anyone interests. 4 Review grading rubric=) 5 6 7 Net sales 8 Cost of goods sold 9 Gross profit Advertising/Overhead Expenses 10 (Advertising is 30% of Overhead) 11 Operating profits 12 Interest expense 13 Interest income 14 Profits before tax 15 Income taxes 16 Net profits 17 18 19 S $ 2013 57,823 S 13,906 $ $ 41,049 16.774 2,868 1,071 20 1,817 754 1,063 COMPANY DATA 2013 2014 100.0% S 62,823 71.0% $ 37,694 29.0% S 25,129 15,906 25% 9,223 2,029 50 7,244 24.0% S 5.0 % S 1.9% $ 0.0% S 3.1% S 1.3% S 1.8 % S 1.222 6,022 2014 100% 60% 40% 15% 3% 0% 12% 2% 10% INDUSTRY INDUSTRY 2013 2014 100% 100% 40% 35% 30% 10% 15% 5% 2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of Living Earth to the Industry. 1 Living Earth, LLC. 2 Case Challenge 3 This do-over offer is for anyone interests. 4 Review grading rubric=) 5 6 7 Net sales 8 Cost of goods sold 9 Gross profit Advertising/Overhead Expenses 10 (Advertising is 30% of Overhead) 11 Operating profits 12 Interest expense 13 Interest income 14 Profits before tax 15 Income taxes 16 Net profits 17 18 19 S $ 2013 57,823 S 13,906 $ $ 41,049 16.774 2,868 1,071 20 1,817 754 1,063 COMPANY DATA 2013 2014 100.0% S 62,823 71.0% $ 37,694 29.0% S 25,129 15,906 25% 9,223 2,029 50 7,244 24.0% S 5.0 % S 1.9% $ 0.0% S 3.1% S 1.3% S 1.8 % S 1.222 6,022 2014 100% 60% 40% 15% 3% 0% 12% 2% 10% INDUSTRY INDUSTRY 2013 2014 100% 100% 40% 35% 30% 10% 15% 5%

Answer rating: 100% (QA)

Advertising is given as 30 of overhead of Living Earth Y... View the full answer