an Size Margins Breaks Background Header Footer Normal Page Layout Headings 234 ABCD A Financial Project ORGL 225 Minimum of 80 Required for Competency 5 Analyze the following data and perform a horizontal analysis of each of following Income Statement items in the spaces provided Round your answers to the nearest percentage (5 pts) Percentage Net sales Cost of goods sold Selling expenses Salary expenses Federal income taxes 2017 $1,910,000 1,429,600 286,800 194,800 59,600 2016 $1,756,000 1,156,400 350,000 123 400 53 000 Analyze the following data and perform a vertical analysis of each of following Income Statement items in the spaces provided (5 pts) T 1 Net sales Cost of goods sold Selling expenses Salary expenses Federal income taxes 2017 2017 Percentages $1,910,000 ,429,600 286,800 E T 194,800 59,600 2016 2016 Percentages $1,756,000 1,156,400 3 50,000 123 400 53,000 J K L M N 6 Analyze the following data and calculate the bank reconciliation and Payroll amounts The following information is available for Winston Company for the month ending June 30, 2018 Balance as per the bank statement is $11,240 Balance as per books is $10,200 Check 506 for $1,200 and check 510 for $900 were not shown on the June 30, bank statement A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated A bank debit memo indicated an NSF check for $85 written by Peter Wynn to Winston Company on June 13 A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20 The bank statement indicated service charges of $20 What is the adjusted book balance Please show your calculations Use the shaded text box below for your answer (5pts) Paul Larkin and Jim Smith are the only two employees of Texas Pipe Company In January, 2018, Paul's gross pay was $5,500 and Jim's gross pay was $5,900 All earnings are subject to FICA OASDI Tax of 6 2 and FICA Medicare Tax of 1 45 and Unemployment Tax rate of 6 Each have voluntary deductions of $67 00 and $58 00 respectively and are subject to Federal Income Tax rate of 18 each What is Paul Larkin's Net Pay for January Please show your calculations (5 pts)

Question

an Size Margins Breaks Background Header   Footer Normal Page Layout Headings 234 ABCD A Financial Project ORGL 225 Minimum of 80  Required for Competency  5  Analyze the following data and perform a horizontal analysis of each of following Income Statement items in the spaces provided  Round your answers to the nearest percentage (5 pts) Percentage Net sales Cost of goods sold Selling expenses Salary expenses Federal income taxes 2017 $1,910,000 1,429,600 286,800 194,800 59,600 2016 $1,756,000 1,156,400 350,000 123 400 53 000 Analyze the following data and perform a vertical analysis of each of following Income Statement items in the spaces provided (5 pts) T 1 Net sales   Cost of goods sold Selling expenses Salary expenses Federal income taxes 2017 2017 Percentages $1,910,000 ,429,600 286,800 E T 194,800 59,600 2016 2016 Percentages $1,756,000 1,156,400 3 50,000 123 400 53,000   J K L M N  6  Analyze the following data and calculate the bank reconciliation and Payroll amounts  The following information is available for Winston Company for the month ending June 30, 2018  Balance as per the bank statement is $11,240  Balance as per books is $10,200  Check  506 for $1,200 and check  510 for $900 were not shown on the June 30, bank statement  A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated  A bank debit memo indicated an NSF check for $85 written by Peter Wynn to Winston Company on June 13  A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20  The bank statement indicated service charges of $20  What is the adjusted book balance  Please show your calculations  Use the shaded text box below for your answer  (5pts) Paul Larkin and Jim Smith are the only two employees of Texas Pipe Company  In January, 2018, Paul's gross pay was $5,500 and Jim's gross pay was $5,900  All earnings are subject to FICA OASDI Tax of 6 2  and FICA Medicare Tax of 1 45  and Unemployment Tax rate of 6   Each have voluntary deductions of $67 00 and $58 00 respectively and are subject to Federal Income Tax rate of 18  each  What is Paul Larkin's Net Pay for January  Please show your calculations  (5 pts)

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an Size Margins Breaks Background Header & Footer Normal Page Layout Headings 234 ABCD A Financial Project ORGL 225 Minimum of 80% Required for Competency

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