7.The following is the total profit earned by 2 individuals for a period of 4months.MonthsProfit (RM)1234A260240250250В400100500200a) Calculate the coefficient of variation for profit.b) Explain whether individual A or B has a stable profit?

calculation of above requirement are as follows

Answered: 7. The following is the total profit…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Fill in the blanks: An increase in accrued income during the particular year is ________________the net profit (added to/deducted from).
*see attached What is the net rent income for the current year? *a. 275,000b. 290,000c. 350,000d. 365,000
The problem is stated in the picture. Here is the question: 1. How much is the gross profit for the year?
Calculate the net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 30000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000.
The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue $142,000 $112,000 Cost of Goods Sold 61,000 53,000 Operating Expenses Interest Expense 40, 200 33,200 4,700 4,700 Income Tax Expense 6, 200 29,900 5,200 Net Income 15,900 Balance Sheet Current Assets 127,000 107,000 Plant, Property and Equipment, Net Current Liabilities 110,000 117,000 51,000 44,000 49,000 131,000 224,000 49,000 Long-Term Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity 137,000 237,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from t current year? Multiple Choice
Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity % 5. Financial Leverage
Accounting Question
[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year Interest expense Income tax expense Total costs and expenses Net income $ 31,800 88,800 111,000 10,700 276,000 $518,300 $ 128,400 $ 75,500 98,000 96,000 163,000 130,900 163,000 108,950 $ 518,300 $ 445,450 Current Year 1 Year Ago $ 465,000 240,250 $ 35,500 63,000 80,000 9,450 257,500 $ 445,450 11,400 9,350 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses $ 775,000 726,000 $ 49,000 $ 3.01 2 Years Ago $ 37,200 49,000 55,000 5,300 229,000 $ 375,500 Earnings per share For both the Current Year and 1…
1. Calculate the accounting rate of return for Bartlett. (Round your percentage answer to 2 decimal places.) 2. Calculate the payback period for Bartlett. (Round your answer to 2 decimal places.)
How do you calculate net sales? Also... Do you only look at current year data or do you factor previous year data and current year? Thx
Using Table 6–13, create a pro forma balance sheet using the percentage ofsales method. If net income next year is $50,000, answer the following:a. How much did the owners take out of the business?b. What is the profit margin for next year?
The gross profit margin indicates how profitable sales have been. Q.1 Calculate the gross profit margin for Pearson & Litt for 2020.Q.2 Explain the results of the gross profit margin calculation.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

7. The following is the total profit earned by 2 individuals for a period of 4 months. Months Profit (RM) 1 2 3 4 A 260 240 250 250 B 400 100 500 200 a) Calculate the coefficient of variation for profit. b) Explain whether individual A or B has a stable profit?