Business, 26.08.2020 21:01 kaur16435

The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAR
Income Statement
For the Years Ended December 31
Increase Decrease Year
2019 2018
Amount % Net sales 18,800,000 15,500,000
goods 13,200,000 7,000,000
Gross prof 5,600,000 8,500,000
1,600,000 1,200,000
1,000,000 1,000,000 0
Loss (litigation 1,500,000 300,000
Cost of sold Operating expenses Depreciation expense Inventory 200,000

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Answer from: kelbruggie

FEDERER SPORTS APPAREL

Income Statement For the Years Ended December 31

Years Increase /(Decrease)

2019 2018 Amount %

Net sales 18,800,000 15,500,000 3,300,000 21.29%

Cost of goods sold 13,200,000 7,000,000 6,200,000 88.57%

Gross profit 5,600,000 8,500,000 (2,900,000) -34.12%

Operating expenses 1,600,000 1,200,000 400,000 33.33%

Depreciation expense 1,000,000 1,000,000 0 0

Inventory write-down 200,000 0 200,000 100%

Loss (litigation) 1,500,000 300,000 1,200,000 400%

Net Income $1,300,000 $6,000,000 (4,700,000) 78.33%

Explanation:

a) Federer Sports Apparel can use horizontal analysis as a technique for analyzing the financial statement changes over a period of time. It is a useful tool for Federer to evaluate its trend situations, using the financial statements of two years with the earlier year serving as the base year (or independent variable) while the latter year is the dependent variable.

Answer from: Quest

The answer is letter a

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prep...

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