Question
In: Statistics and Probability
The year-end net income (in millions) for a company for the years 2004-2015 are shown in...
The year-end net income (in millions) for a company for the years 2004-2015 are shown in the provided data set (incomedata.xlsx). Graph the best chart which effectively displays the income data over time.
Income Data:
| Year | Net income |
| 2004 | 25.2 |
| 2005 | 32.8 |
| 2006 | 31.5 |
| 2007 | 31.3 |
| 2008 | 34.8 |
| 2009 | 37.1 |
| 2010 | 62.1 |
| 2011 | 101.6 |
| 2012 | 75.5 |
| 2013 | 83.3 |
| 2014 | 117.4 |
| 2015 | 152.6 |
Solutions
Expert Solution
Sol:
The year-end net income (in millions) for a company for the years 2004-2015 are shown below
| Year | Net income |
| 2004 | 25.2 |
| 2005 | 32.8 |
| 2006 | 31.5 |
| 2007 | 31.3 |
| 2008 | 34.8 |
| 2009 | 37.1 |
| 2010 | 62.1 |
| 2011 | 101.6 |
| 2012 | 75.5 |
| 2013 | 83.3 |
| 2014 | 117.4 |
| 2015 | 152.6 |
If you Satisfy with Answer, Please give me "Thumb Up". It was very important to me.
:
orchestra answered 2 years agoRelated Solutions
Subsidiary Company reported the following net income and dividends for the years indicated: Year Net Income...
Subsidiary Company reported the following net income and
dividends for the years indicated:
Year
Net Income
Dividends
20X6
35,000
12,000
20X7
45,000
20,000
20X8
30,000
14,000
Parent acquired 75% of Subsidiary’s
common stock on January 1, 20X6. On that date, the fair value of
Sub’s net assets was equal to the book value. Parent uses the
equity method in accounting for its ownership in Sub and reported a
balance of $259,800 in its investment account on December 31,
20X8.
What...
For 20Y2, McDade Company reported a decline in net income. At the end of the year,...
For 20Y2, McDade Company reported a decline in net income. At
the end of the year, T. Burrows, the president, is presented with
the following condensed comparative income statement:
McDade Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Sales
$7,369,600.00
$6,580,000.00
3
Cost of goods sold
2,719,733.00
2,193,333.00
4
Gross profit
$4,649,867.00
$4,386,667.00
5
Selling expenses
$1,049,600.00
$820,000.00
6
Administrative expenses
658,050.00
535,000.00
7
Total operating expenses
$1,707,650.00
$1,355,000.00
8
Income...
For 20Y2, McDade Company reported a decline in net income. At the end of the year,...
For 20Y2, McDade Company reported a decline in net income. At
the end of the year, T. Burrows, the president, is presented with
the following condensed comparative income statement:
McDade Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2
20Y1
Sales
$361,360
$304,000
Cost of goods sold
262,200
190,000
Gross profit
$99,160
$114,000
Selling expenses
$38,350
$26,000
Administrative expenses
21,470
16,000
Total operating expenses
$59,820
$42,000
Income from operations
$39,340
$72,000
Other revenue
1,580
1,300...
For 2016, Clapton Company reported a decline in net income. At the end of the year,...
For 2016, Clapton Company reported a decline in net income. At
the end of the year, S. Hand, the president, is presented with the
following condensed comparative income statement:
Clapton Company
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
1
2016
2015
2
Sales
$7,425,600.00
$6,720,000.00
3
Cost of goods sold
2,688,000.00
2,240,000.00
4
Gross profit
$4,737,600.00
$4,480,000.00
5
Selling expenses
$1,096,200.00
$870,000.00
6
Administrative expenses
636,300.00
505,000.00
7
Total operating expenses
$1,732,500.00
$1,375,000.00
8
Income...
For 2016, Clapton Company reported a decline in net income. At the end of the year,...
For 2016, Clapton Company reported a decline in net income. At
the end of the year, S. Hand, the president, is presented with the
following condensed comparative income statement:
Clapton Company
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
1
2016
2015
2
Sales
$7,369,600.00
$6,580,000.00
3
Cost of goods sold
2,719,733.00
2,193,333.00
4
Gross profit
$4,649,867.00
$4,386,667.00
5
Selling expenses
$1,049,600.00
$820,000.00
6
Administrative expenses
658,050.00
535,000.00
7
Total operating expenses
$1,707,650.00
$1,355,000.00
8
Income...
For 20Y2, McDade Company reported a decline in net income. At the end of the year,...
For 20Y2, McDade Company reported a decline in net income. At
the end of the year, T. Burrows, the president, is presented with
the following condensed comparative income statement:
Question not attempted.
McDade Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Sales
$16,800,000.00
$15,000,000.00
3
Cost of goods sold
11,500,000.00
10,000,000.00
4
Gross profit
$5,300,000.00
$5,000,000.00
5
Selling expenses
$1,770,000.00
$1,500,000.00
6
Administrative expenses
1,220,000.00
1,000,000.00
7
Total operating expenses
$2,990,000.00...
For 20Y2, McDade Company reported a decline in net income. At the end of the year,...
For 20Y2, McDade Company reported a decline in net income. At
the end of the year, T. Burrows, the president, is presented with
the following condensed comparative income statement:
McDade Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Sales
$7,750,400.00
$6,920,000.00
3
Cost of goods sold
2,791,067.00
2,306,667.00
4
Gross profit
$4,959,333.00
$4,613,333.00
5
Selling expenses
$1,187,500.00
$950,000.00
6
Administrative expenses
701,100.00
570,000.00
7
Total operating expenses
$1,888,600.00
$1,520,000.00
8
Income...
Below is the income statement of a publicly-traded biotech company from 2004 until 2007: Year 2004...
Below is the income statement of a publicly-traded biotech
company from 2004 until 2007:
Year
2004
2005
2006
2007
Revenue
$0
$0
$0
$0
Expenses
$0.2 million
$0.7 million
$2.2 million
$4.8 million
The company’s stock was trading for $2 in 2004 and is now
trading for $7. Are investors irrational? Should the stock be sold
short? Is it possible for a company in the biotech business to be
worth something even though it has no current sales? What can...
At the end of last year, Roberts Inc. reported the following income statement (in millions of...
At the end of last year, Roberts Inc. reported the following
income statement (in millions of dollars):
Sales
$3,000
Operating costs excluding depreciation
2,450
EBITDA
$550
Depreciation
250
EBIT
$300
Interest
124
EBT
$176
Taxes (25%)
44
Net income
$132
Looking ahead to the following year, the company's CFO has
assembled this information:
Year-end sales are expected to be 5% higher than the $3 billion
in sales generated last year.
Year-end operating costs, excluding depreciation, are expected
to equal 80%...
At the end of last year, Edwin Inc. reported the following income statement (in millions of...
At the end of last year, Edwin Inc. reported the following
income statement (in millions of dollars):
Sales
$4,190.00
Operating costs (excluding depreciation)
3,048.00
EBITDA
$1,142.00
Depreciation
325.00
EBIT
$817.00
Interest
150.00
EBT
$667.00
Taxes (25%)
166.75
Net income
$500.25
Looking ahead to the following year, the company's CFO has
assembled this information:
Year-end sales are expected to be 6% higher than $4.19 billion
in sales generated last year.
Year-end operating costs, excluding depreciation, are expected
to increase at the...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Match the rock families with the processes that form them. Group of answer choices Cooling of...
- Given an original message, determine the cipher that will produce the encoded string that comes earliest...
- Design a combination of identical capacitors, each with capacitance C, for which the equivalent capacitance is...
- Come-Clean Corporation produces a variety of cleaning compounds and solutions for both industrial and household use....
- Which of the following is not an advantage of decentralization? Lower level managers are trained for...
- 1. A mole of X reacts at a constant pressure of 43.0 atm via the reaction...
- Why was the U.S. trying to spread our influence to other nations? Could we have still...
ADVERTISEMENT