thank you for your assistance with a vertical analysis of statements of earnings

Berne Company (lessor) enters into a lease with Fox Company to lease equipment to Fox beginning January 1, 2016. The lease terms, provisions, and related events are as follows:

Allen Products​ LP, wants to do a scenario analysis for the coming year. The pessimistic prediction for sales is $ 900,000​; the most likely amount of sales is $ 1,118,000​; and the optimistic prediction is $ 1,288,000. ​Allen's income statement for the most recent year is shown here

Allen Products, Inc. Income Statement for
the Year Ended December 31, 2019  
Sales revenue   $937,400
Less: cost of good sold   436,828
Gross profits   $500,572
Less: operating expenses   245,599
Operating profits   $254,973
Less: interest expense   30,934
Net profit before taxes   $224,039
Less: taxes (rate 25%)   56,010
Net profits after taxes   $168,029

a. Use the ​percent-of-sales method, the income statement for December​ 31,2019​, and the sales revenue estimates to develop​ pessimistic, most​ likely, and optimistic pro forma income statements for the coming year.

b. Explain how this method could result in overstatement of profits for the pessimistic case and understatement of profits for the most likely and optimistic cases.

c. Restate the pro forma income statements prepared in part a. to incorporate the following assumptions about the costs:

$252,497 of the cost of goods sold is​ fixed; the rest is variable. $193,516 of the operating expenses is​ fixed; the rest is variable. All the interest expense is fixed.​

d. Compare your findings in part c. to your findings in part a. Do your observations confirm your explanation in part b​?

Use the ​percent-of-sales method, the income statement for December​ 31, 2019, and the sales revenue estimates to develop​ pessimistic, most​ likely, and optimistic pro forma income statements for the coming year.

Complete the pro forma income statement for the year ending December​ 31, 2020 that is shown below​ (pessimistic scenario): ​ (Round the percentage of sales to one decimal place and the pro forma income statement accounts to the nearest​ dollar.)

Problem 3-02A a-c, d1-d3 (Video) (Part Level Submission)

The Tamarisk, Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows.

In addition to those accounts listed on the trial balance, the chart of accounts for Tamarisk, Inc. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation—Buildings, No. 150 Accumulated Depreciation—Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense.

Other data:

Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

1.Suppose you have a function such that the domain of is −4≤x≤2

and the range of is −1≤y≤6.

a. What is the domain and range of the transformation

f(2(x+3))?

b. What is the domain and range of the transformation

2f(x)−3?

c. How do you know your answers are correct?

d. What can we say about how transformations affect the domain and range of a function?

2. Suppose a local vendor charges $2 per hot dog and that the number of hot dogs sold per hour x is given by x(t)=−4t^2+20t+92, where t is the number of hours since 10 AM, 0≤t≤4

a. Find an expression for the revenue per hour R as a function of x.

b. Find and simplify (R∘x)(t). What does this represent?

c. What is the revenue per hour at noon?

d. If the price were raised to $3 per hot dog with no change in the x(t) equation, which hour would produce the most revenue? Why?

e. If the price were dropped to $1 per hot dog, but that price drop caused the number of sales to increase according to the function x(t)=−9t^2+22t+138, would the vendor make more money at the original $2 price, or at the $1 price?

3. Danielle makes the claim that when the polynomial x^2−3x−10 is divided by x−5, the remainder is 0. Use what you have learned about dividing polynomials to either verify that Danielle is correct or prove that she is incorrect. What arguments would you use to support your claim? Are there any other arguments? Justify your answers.

1. Who audited Apple Inc.'s financial statements as of, and for the period ended September 30, 2017?
2. According to Apple Inc.'s balance sheet as of September 30, 2017, what is their largest asset?
3. According to the following website, what are the four main sections of the 10-K or 10-Q
   1. The Sections Of The 10-Q And 10-K
4. The following is adapted from Financial Management for Executives (2nd ed.): Presented below is a list of financial statement accounts. Using the letter A for assets, L for liabilities, SE for shareholders’ equity, R for revenue, E for expenses, and N/A for not applicable, identify (a) whether the listed accounts appear on the balance sheet (B/S) or the income statement (I/S), and if so, (b) the nature of the account (i.e., A, L, SE, R, E, or N/A).
   1. Cash flow for operating activities
   2. Inventory
   3. Cost of goods sold
   4. Marketable securities
   5. Accounts receivable
   6. Retained earnings
   7. Income tax expense
   8. Cash
   9. Depreciation expense
   10. Common stock
   11. Accounts payable
   12. Dividends paid
   13. Miscellaneous revenue
   14. Office supplies
   15. Salaries payable
   16. Land
5. The following is adapted from Financial Management for Executives (2nd ed.): Compute the return on assets (ROA) for La Verne Company using end-of-year assets in your calculation.
   1. Total revenue …………………………………$250,000
   2. Total expenses…………………………………$190,000
   3. Total assets …………………………………$400,000
6. The following is adapted from Financial Management for Executives (2nd ed.): Compute the missing amounts from the financial statements on pages 33-35 of your textbook. You may assume that accounts receivable relate only to credit sales and that accounts payable relate only to credit purchases of inventory. There were no sales of property and equipment during 2015 and any purchases of property and equipment were made using cash.

Step 1 - Information

A new client, OC Ranger, comes to you and asks you to record the business accounting transactions and prepare financial statements for a business as of December 31, 2019. The company, which uses the calendar year as its annual reporting period, began business on December 1, 2019. The name of the company is OC Ranger’s College Consulting Company.

1. Analyze the following transactions, calculate the amount of each entry, and use the debit and credit rules to prepare a journal entry for each transaction.
2. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
3. Calculate each account balance and list the accounts with their balances on a trial balance. Use the Accounting Worksheet to prepare the trial balance.
4. Verify that the total debits in the trial balance equal the total credits.

Accounting Transactions:

12/1/2019            OC Ranger invested $25,000 cash into a new business, OC Ranger’s College Consulting Company.

12/1/2019            $600 cash was paid for one month’s rent expense.

12/1/2019            $1,500 cash was paid to purchase a computer system.

12/1/2019            $7,000 of office equipment was purchased. $1,000 cash was paid as a down payment on the equipment and a note payable of $6,000 was signed for the remainder owed on the equipment.

12/1/2019            $3,000 of office supplies were purchased. $1,000 cash was paid and $2,000 was charged as an accounts payable.

12/1/2019            $2,400 cash was paid to purchase a 12-month prepaid insurance policy.

12/1/2019            $400 cash was paid to purchase advertising for the month of December.

12/15/2019         $2,100 cash was received from customers for consulting services revenue paid in cash.

12/15/2019         Customers were billed $3,600 for consulting services revenue earned on credit, which are recorded as accounts receivable.

12/20/2019         $900 cash was paid to a part-time employee for wages earned December 1 through December 15.

12/20/2019         $1,900 cash was received from customers for consulting services revenue paid in cash.

12/21/2019         $1,800 cash was collected from customers’ accounts receivable.

12/22/2019         $1,000 cash was received as a deposit from a customer for a special-order project the customer requested. The $1,000 is to be recorded in unearned revenue.

12/31/2019         Customers were billed $2,500 for consulting services revenue earned on credit, which are recorded as accounts receivable.

12/31/2019         $190 cash was paid for the office telephone bill.

12/31/2019         OC Ranger withdrew $3,000 cash from the business.

Chart of Accounts to be used for this client

Step 2 - Information

The following information relates to your new client’s accounts. The company initially records prepaid and unearned items in balance sheet accounts (assets and liabilities, respectively).

1. Prepare all necessary adjusting entries on December 31, 2019. Use the debit and credit rules to prepare a journal entry for each transaction.
2. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
3. Calculate each adjusted account balance and list the adjusted balances on an adjusted trial balance. Use the Accounting Worksheet to prepare the adjusted trial balance.
4. Verify that the total debits in the adjusted trial balance equal the total credits.

Adjusting Entries

1. Record one month of depreciation for the computer of $25
2. Record one month of depreciation for the office equipment of $150
3. Record one month of insurance used as of December 31, 2019 of $200.
4. A physical count of the office supplies on December 31, 2019 shows that $1,100 of supplies are still in the storage cabinet.
5. Half of the $1,000 deposit received from the customer requesting a special-order project (originally recorded as unearned revenue) has been earned as of December 31, 2019.
6. Record $900 of wages payable as of December 31, 2019.
7. Record one month of interest payable on the equipment of $50.
8. Record the cell phone bill payable, but not paid, of $200.

Step 3 - Information

1. Prepare your client’s financial statements for the year ended December 31, 2019.
2. Complete the Income Statement and Balance Sheet columns of the Accounting Worksheet.
3. Prepare the December 31, 2019, Financial Statements, including the Income Statement, Statement of OC Ranger’s Capital, and the Balance Sheet.

Step 4 - Information

Prepare closing entries for your client.

1. Prepare all necessary closing entries on December 31, 2019. Use the debit and credit rules to prepare a journal entry for each transaction, post the journal entries to the Adjusting and Closing Journal.
2. Close revenue and expense accounts to the Income Summary account in the general ledger.
3. Post each debit and credit from the journal entries to their general ledger accounts (using T-Accounts) and cross-reference each account in the posting reference (PR) columns of the journal and ledger.
4. Calculate each general ledger account balance after the closing entries have been posted.
5. Enter the closing entries and list the post-closing balances on the Accounting Worksheet.
6. Verify that the total debits in the post-closing trial balance on the worksheet equal the total credits.

Tom Johnson Manufacturing intends to increase capacity through the addition of new equipment. Two vendors have presented proposals. The fixed costs for proposal A are? $50,000, and for proposal? B, $70,000. The variable cost for A is? $12.00, and for? B, $10.00. The revenue generated by each unit is? $20.00.

The two alternatives would yield the same profit? (loss) if the volume of outputequals= _____units ?(enter your response as a whole? number).

Chemco Enterprises is the manufacturer of Ultra-Dry, a hydrophobic coating that will waterproof anything. Over a 5-year period, the costs associated with the pilot test product line were as follows: first cost of $32,000 and annual costs of $18,000. Annual revenue was $29,000 and used equipment was salvaged for $4,000. What rate of return did the company make on this product? The rate of return the company made on the product is _______%.