Instructions (a) Prepare a multiple-step income statement for 2012. Assume that 60‚000 shares of common stock are outstanding. Brokaw Corp Income Statement For The Year Ended December 31‚ 2012 Sales Revenue Net Sales $1‚200‚000 Cost of Goods Sold 780‚000 Gross Profit 420‚000 Operating Expenses Selling Expenses $65‚000 Administration Expenses $48‚000 113‚000 Income from operations 307‚000
Premium Revenue Income statement Income
30000 25000 21029.26 23517.08 18879.13 15295.40 27312.95 20000 18000 16000 14000 12000 10000 8000 10745.47 13874.10 15622.82 17071.06 19186.27 20000 15000 10000 5000 0 6000 4000 2000 2007 2008 2009 2010 2011 0 2007 2008 2009 2010 2011 1600 1400 1200 1000 800 600 400 200 0 2007 2008 2009 2010 1130.95 1042.40 1174.21 1270.37 1473.49 2011 16000.00 14266.73 15800.96 12000 10000 8110.41 9250.35 7448.31 6370.46 11511.99 14000.00 12000.00 10000.00 8000.00 6000
Premium Monetary policy Bank Balance sheet
aCost Management Assignment Semester 1 2011 Table of content Detail: Pages Introduction 1 Q.NO.1 2 Q.No.2 3 Q.No.3 4 Q.No.4 5 Q.No.5 6 Q.No.6 7 Summary: 8 Introduction Cost Management delivers concise articles‚ experienced-based columns and case studies to evaluate how your present investment justification criteria and methods compare with those of other organizations‚ Learn about changing cost management methods and techniques and how they can be used to improve your
Premium Costs Manufacturing Management accounting
Based on the mission statement there are nine characteristic of mission statement 1. Broad in scope: do not include monetary amount‚ numbers‚ percentage‚ ratio‚ or objective. 2. Less than 250 word in length. 3. Inspiring. 4. Identify the utility of a firm’s products. 5. Reveal that the firm is socially responsible. 6. Reveal that the firm is environmentally responsible. 7. Include nine component customer‚ product or services‚ markets‚ technology‚ concern for survival/
Premium Business Corporate governance Management
How does perseverance help Salva survive in a difficult environment? In this part of the story‚ Salva was running away from all the war and actually survived due to luck. According to the text‚ on chapter 2 page 8‚ it states‚ “BOOM! Salva turned and looked. Behind him‚ a huge black cloud of smoke rose‚ flames darted out of its base. Overhead‚ a jet plane veered away like a sleek evil bird. This quote clearly shows that Salva got through the war without getting hurt or killed. In this part of
Premium According to Jim Bankruptcy in the United States
Abbey). inside the museum I would have rooms with famous paintings of the Arthurian legend; king Arthur‚ his knights‚ king Arthur’s death‚ the lady of the lake‚ the knights at the round table etc… I would also have rooms with mannequins on display with what people (knights‚ the kings and queens‚ servants‚ villagers‚ druids etc..) in those times would have worn‚ a room with Arthur’s throne and the round table‚ the holy grail and I would have a mini film playing explaining the legend behind the grail and
Free King Arthur Holy Grail
What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
Premium Cost accounting Management accounting Costs
Project management is the discipline of planning‚ organizing‚ motivating‚ and controlling resources to achieve specific goals. Project is a temporary endeavour with a defined beginning and end (usually time-constrained‚ and often constrained by funding or deliverables)‚[1] undertaken to meet unique goals and objectives‚[2] typically to bring about beneficial change or added value. Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations
Premium Project management Management
allocate costs? How do companies allocate costs? And how this cost allocation can affect the decision making of the company. It is important for the companies to find the proper method to allocate the costs. Cost allocation is an important issue in many companies because many of the costs associated with designing‚ producing and distributing products and services are not easily identified with the products and services that are created. It would have been easier for companies to allocate cost if costs
Premium Costs Cost Decision making
format income statement for June. The company produces and sells a single product. Sales (8‚400 units): ($) 764‚400 Variable expenses: ($) 445‚200 Contribution margin: ($) 319‚200 Fixed expenses: ($) 250‚900 Net operating income: ($) 68‚300 If the company sells 8‚200 units‚ its total contribution margin should be closest to: Merchandise with a sales price of $500 is sold on account with term 2/10‚ n/30. The journal entry to record the sale would include a: Davison Company has fixed costs of $
Premium Revenue Generally Accepted Accounting Principles Costs