CALCULATING COMPONENT PERCENTAGES

Slides:

Advertisements

Similar presentations

Petty Cash Balance Sheet Debit Current Asset. Loss on Plant Asset Income Statement Debit Other Expense.

Advertisements

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 22-1 Preparing a Work Sheet for a Corporation.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 15-3 Preparing a Statement of Stockholder’s Equity.

P1–1. Req. 1 NUCLEAR COMPANY Income Statement For the Year Ended December 31, 20A Total sales revenue (given)$ Total expenses (given) Pretax income.

Chapter 3. SALES SALES - Cost of Goods Sold GROSS PROFIT GROSS PROFIT - Operating Expenses OPERATING INCOME (EBIT) OPERATING INCOME (EBIT) - Interest.

McClaren Corporation Income Statement For the Year Ended June 30, 2008 Revenue Sale Revenue $100,000 Sale Revenue $100,000 Total Sales Revenue 100,000.

Financial Statements for a Corporation CHAPTER 15 Financial statements provide the primary source of information needed by owners and managers to make.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 4-1 Responsibility Accounting for a Merchandising Business.

Financial Statements for a Corporation

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.

LESSON 15-1 Preparing an Income Statement Mr. Hunter

Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 13-2 Financial Statements and Analysis.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-2 Financial Statements and Analysis.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 13-1 Work Sheet for a Corporation.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-2 Calculating Earnings Performance and Efficiency Analysis.

Preparing an Income Statement.  Financial statements provide the primary source of information needed by owners and managers to make decisions on the.

© 2014 Cengage Learning. All Rights Reserved. Learning Objective © 2014 Cengage Learning. All Rights Reserved. LO2Prepare a statement of stockholders’

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 4-4 Responsibility Statements for a Merchandising Business.

LESSON 4-4 Responsibility Statements for a Merchandising Business

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 17-1 Trend Analysis and Component Percentages.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 7-1 Preparing an Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-2 Budgeted Income Statement.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 15-1 Preparing an Income Statement.

CHAPTER 15 FINANCIAL STATEMENTS FOR A CORPORATION

Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet.

 =   –  + ++= = = = = CALCULATING FEDERAL INCOME TAX Lesson 25-3, page 647.

© 2000 South-Western Educational Publishing INCOME STATEMENT INFORMATION ON A WORK SHEET Lesson 8-1, page 182.

Preparing an Income Statement

Extending Financial Statement Information on a Work Sheet

Chapter 8 – Financial Statements for a Proprietorship

Welcome to Who Wants to be a Millionaire

LESSON 15-1 Preparing an Income Statement

Adjusting, Closing, and Reversing Entries for a Corporation

$ $ $ $ Section 3 Financial Reporting for a Publicly Held Corporation

LESSON 15-4 Preparing a Balance Sheet

LESSON 15-4 Preparing a Balance Sheet

EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEET

LESSON 15-3 Preparing a Statement of Stockholders’ Equity

© 2014 Cengage Learning. All Rights Reserved.

LESSON 15-1 Preparing an Income Statement

INCOME STATEMENT INFORMATION ON A WORK SHEET

© 2014 Cengage Learning. All Rights Reserved.

INCOME STATEMENT INFORMATION ON A WORK SHEET

ASSETS SECTION OF A BALANCE SHEET

INCOME STATEMENT 1. Net Sales 2. Net Purchases

Extending Financial Statement Information on a Work Sheet

Lesson 13-2 Financial Statements and Analysis

LESSON 14-1 Distributing Corporate Earnings to Stockholders

LESSON 6-3 Extending Financial Statement Information on a Work Sheet

LESSON 15-3 Preparing a Statement of Stockholders’ Equity

LESSON 7-1 Preparing an Income Statement

LESSON 14-1 Distributing Corporate Earnings to Stockholders

LESSON 14-1 Distributing Corporate Earnings to Stockholders

LESSON 15-1 Preparing an Income Statement

LESSON 15-1 Preparing an Income Statement

LESSON 7-1 Preparing an Income Statement

Lesson 13-2 SHARE OF NET INCOME ASSIGNED TO PREFERRED AND COMMON STOCK

Extending Financial Statement Information on a Work Sheet

LESSON 15-1 Preparing an Income Statement

Lesson 17-1 Trend Analysis and Component Percentages

LESSON 14-6 Calculating Federal Income Tax and Completing a Work Sheet

© 2014 Cengage Learning. All Rights Reserved.

LESSON 15-1 Preparing an Income Statement

© 2014 Cengage Learning. All Rights Reserved.

Extending Financial Statement Information on a Work Sheet

CAPITAL STOCK SECTION OF THE STATEMENT OF STOCKHOLDERS’ EQUITY

INCOME STATEMENT INFORMATION ON A WORK SHEET

Presentation transcript:

CALCULATING COMPONENT PERCENTAGES Total Operating Expenses Expense Percentage Net Sales  =  $774,631.16 = .37926 or 37.9% $293,792.48 Net Income Before Federal Income Tax Total Net Income Before Federal Income Tax Percentage Net Sales  =  $774,631.16 = .08773 or 8.8% $67,960.27 Federal Income Tax Tax Percentage Net Sales  =  $774,631.16 = .01547 or 1.5% $11,990.07 Net Income After Federal Income Tax Net Income After Federal Income Tax Percentage Net Sales  =  $774,631.16 = .07225 or 7.2% $55,970.20 Lesson 4-3, page 115

TERMS REVIEW income statement statement of stockholders’ equity capital stock retained earnings dividends balance sheet Lesson 4-3, page 118