Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2021 as the base year Sales Gross profit Net income 2024 $390,000 2022 2021 210,000 41,100 2023 $462,000 285,000 53,100 $ 486,000 410,000 $ 600,000 500,000 23,100 30,000 Could you help Don with the request? Sales Gross profit Net income 2024 2023 2022 2021 % % % 100 % % % % 100 % % % % 100 %
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- Don Williams received a memo requesting that he complete a trend analysis of the following numbers using 2021 as the base year. 2024 $335,800 180,000 66, 700 Sales Gross profit Net income Could you help Don with the request? 2024 Sales Gross profit Net income % % % 2023 $ 391,000 234,000 85,100 2023 % % % 2022 2021 $409,400 $ 460,000 324,000 360,000 39, 100 46,000 2022 % % % 2021 100 % 100 % 100 %May I ask for an explanation and solution to the question for a better understanding. Thank you! 18. The following data for the years ended December 31, 2019 and 2020 were presented to the management Zigzag Company: 2020 = Net sales: 1,363,000, Cost of Sales: 911,800, Gross Profit: 451,200; 2019 = Net Sales: 1,250,000, Cost of Sales: 776,000, Gross Profit: 474,000. The management requested you to determine the cause of the decline in gross profit on sales in spite of the favorable information given by the sales division that the quantity sold in 2020 was higher than in 2019 and that the production costs in 2020 were lower than that of 2019 by 6%. The increase (decrease) in net sales due to cost factor is: a. (P135,800) b. P135,800 c. (P58,200) d. P58,200May I ask for an explanation and solution to the question for a better understanding. Thank you! 17. The following data for the years ended December 31, 2019 and 2020 were presented to the management Zigzag Company: 2020 = Net sales: 1,363,000, Cost of Sales: 911,800, Gross Profit: 451,200; 2019 = Net Sales: 1,250,000, Cost of Sales: 776,000, Gross Profit: 474,000. The management requested you to determine the cause of the decline in gross profit on sales in spite of the favorable information given by the sales division that the quantity sold in 2020 was higher than in 2019 and that the production costs in 2020 were lower than that of 2019 by 6%. The increase (decrease) in net sales due to price factor is: a. (P113,000) b. P113,000 c. (P199,500) d. P199,500
- May I ask for an explanation and solution to the question for a better understanding. Thank you! 15. The following data for the years ended December 31, 2019 and 2020 were presented to the management Zigzag Company: 2020 = Net sales: 1,363,000, Cost of Sales: 911,800, Gross Profit: 451,200; 2019 = Net Sales: 1,250,000, Cost of Sales: 776,000, Gross Profit: 474,000. The management requested you to determine the cause of the decline in gross profit on sales in spite of the favorable information given by the sales division that the quantity sold in 2020 was higher than in 2019 and that the production costs in 2020 were lower than that of 2019 by 6%. The percent change in volume is: a. 17.50% b. 14.00% c. 25.00% d. 20.00%he following data represents the annual sales of a Digitech Automation products SAOG. Year 2014 2015 2016 2017 2018 Sales (in Millions) OMR 380 440 520 396 514 Use method of least squares to calculate the trend values and the forecast for the future period. Which of the following is the annual sales forecast for the year 2019 using least squares method? a. 539.6 Million OMR b. 584.4 Million OMR c. 606.8 Million OMR d. 562 Million OMREditing Voice Sensitvity Edtor 7. Suppose we have the following annual sales data for an automobile dealership: Year Sales Trend 2011 121 1 2012 187 2013 165 2014 134 2015 155 2016 167 6. 2017 200 7 2018 206 2019 221 2020 231 10 We want to forecast sales for 2021 and 2022 using either a simple trend model or a model using the RMSE measure discussed in lecture. Once this model has been determined, provide actual forecasts for 2021 and 2022. Report the two RMSE values in your submission along with the actual forecasts. Submit your Excel file used to create these answers. quadratic trend model. Use a within sample forecasting technique to determine the nonle become sick
- Analyze the Gross profit ratio and give you a report on the same in 2020 and|2019? Gross profit Gross profit ratio= x100 Net sales In 2019= (25,361,421 /63,161,098) x100 =0.401 x100 =40.153% In 2020= (26,796,019/ 63,441,144) x100 =0.422 x100 =42.237%A company’s data of year wise profit is provided; you have to find out how much profit the company should earn in year 2022 to get total profit of 25000? Use goal seek to solve this problem. Show all formulas used in Excel Take the screen shot of the goal seek window when display result. Year Profit 2019 5000 2000 6000 2021 7000 2022 Total Profit 18000Calculate the horizontal (trend) analysis, and horizontal % change for 2020, 2019, 2018 in excel. Please use excel and display the formula's used. Thank you! Toyota Motor Corporation Income Statement 2018-2020 2020 2019 2018 Sales 29929992 30225681 29379510 Cost of Goods Sold 24522364 24781785 23889153 Gross Profit 5407628 5443896 5490357 Selling, general and administrative 2964759 2976351 3090495 Operating Income 2442869 2467545 2399862 Other income (expense) Interest and dividend income 232870 225495 179541 Interest expense -32217 -28078 -27586 Foreign exchange gain, net -79020 12400 22664 Unrealized gains (losses) -24600 -341054 0 Other income (loss), net 14705 -50843 45948 Total other income (expense) 111738 -182080 220567 Income before income taxes and equity 2554607 2285465 2620429 Provision for…
- Compute trend percent for the following accounts using 2018 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percent appears to be favorable or unfavorable. 2022 2021 2020 2019 2018 Sales $282,880 $270,800 $252,600 $234,560 $150,000 Cost of goods sold 128,200 122,080 115,280 106,440 67,000 Accounts receivable 18,100 17,300 16,400 15,200 9,000Prepare a vertical analysis scheduleHere is the operating data for Yalis Cleaning, Inc.:2021 2020Service revenue $523,000 $476,000Operating expenses 385,500 319,800Income tax expense 34,375 39,050Net income $103,125 $117,150PurposeThe purpose of this problem is to demonstrate an understanding of preparing a vertical analysis schedule.InstructionsAfter analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenueas the base amount. Round percentages to two decimal places.GuidanceFor formatting guidance, see the vertical analysis examples that are provided in Chapter 13 of the textbook.Complete a trend analysis for sales, using 2019 as the base year. (Round your answers to the nearest whole percent.) 2022 2021 2020 2019 Sales $ 140,000 $ 350,000 $ 210,000 $ 190,000 2022 2021 2020 2019 Sales % % % %