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I need help on 3-1a business accounting 26th edition FA3 The following data Gn millions) are taken from recent financial statements of Nike 24,128 $2062
I need help on 3-1a business accounting 26th edition
FA3 The following data Gn millions) are taken from recent financial statements of Nike 24,128 $2062 2,133 Net income a. Determine the amount of change Cin millions) and percent of change in net income for Year 2. Round to one decimal place divided by net sales) for Year 2 and Year 1. Round to one decimal place. What conclusions can you draw from your analysis? EX 3-29 Vertical analysis of income statement A3 The following income statement data in millions) for Dell Inc. and Hewlett-Pack Company (HP) were taken from their recent annual reports: Net sales Cost of goods sold (expense) Operating expenses Operating income (loss) Dell Mewlett- Packard 562,071 (48,260) $120,357 92,385) 139,029) (11057 4,431 a. Prepare a vertical analysis of the income statement for Dell. Round to one place. b. Prepare a vertical analysis of the income statement for HP. Round to one place. c.Based on (a) and b), how does Dell compare to HP :Series A PR 3-1A Adjusting entries On March 31, 2016, the following data were accumulated to assist the preparing the adjusting entries for Potomac Realty: The supplies account balance on March 31 is $5,620 The supplies on ha a. are $1,290 b. The unearned rent account balance on March 31 is $5,000 represent an advance payment on March 1 of four months' rent from tenants c. Wages accrued but not paid at March 31 are $2,290. d. Fees accrued but unbilled at March 31 are $16,825. e. Depreciation of office equipment is $4,600. Instructions 1. Journalize the adjusting entries required at March 31, 2016. 2.- Briefly explain the difference between adjusting entries be made to correct errors. PR 3-2A Adjusting entries elected account balances before adjustment for Alantic Coast Re nd of the current year, are as followsStep by Step Solution
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