Construct brandywine 2007 income statement

Assignment Help Financial Accounting

Reference no: EM13180187

Brandywire Homecare, a not for profit business had revenues of $12 million in 2007. Expenses other thatn depreciation totaled 75 percent of revenues, and depreciation expense was 1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash.

a. construct Brandywine 2007 income statement

b. what were brandywire net income, total profit margin,and cash flow?

c. Now suppose the company changed its depreciation calculations procedures (still within GAAP) susch that its depreciation expense doubled. How would this change affect Brandywines net income, total profit margin, and cash flow?

d. Suppose the change had halved, rather than doubled, the firms depreciation expense. Now what would be the impact on net income, total profit margin, and cash flow?

Reference no: EM13180187

Questions Cloud

Construct a comparative boxplot : Construct a comparative boxplot. Does it suggest that there is a difference between true average extensibility for high-quality fabric specimens and that for poor-quality specimens?

State a reversible liquid phase endothermic reaction : A reversible liquid phase endothermic reaction is to be carried out in a plug flow reactor. For minimum reactor volume, it should be operated such that the temperature along the length A. decreases. B. increases

Describe knudsen diffusivity : If the catalyst pore size is small in comparison with the mean free path, collisions with the pore wall controls the process'. The diffusivity under this condition is called 'Knudsen diffusivity'

Calculate mac''s optimal membership and level of profit : The Manchester Athlete's Club (MAC) is a private, not-for-profit athletic club located in St. Petersburg, Florida. MAC currently has 3,500 members but is planning on a membership drive to increase this number significantly. An important issue faci..

Construct brandywine 2007 income statement : Construct Brandywine 2007 income statement and what were brandywire net income, total profit margin,and cash flow?

State a certain volume of air is passed : For estimating ozon in the air, a certain volume of air is passed through an acidified or neutral KI solution when oxygen is evovled and iodide is oxidized to give iodine

Determine the average-cost minimizing output : Hook, Inc., is an international manufacturer of bulk antibiotics for the animal feed market. Dr. Mike Jones, head of marketing and research, seeks your advice on an appropriate pricing strategy for Pharmed Caplets, an antibiotic for sale to the ve..

How variable costing differs from absorption costing : Explain how variable costing differs from absorption costing and compute unit product costs under each method, and Identify relevant and irrelevant costs and benefits in a decision situation.

State stream of oxygen and sulphur was converted : In a quality control analysis for sulphur impurity 5.6 g metal sample was burnt in a stream of oxygen and sulphur was converted into SO2 gas The SO2 gas then oxidizes to sulphate by using H2O2 solution towhich had been added 30 mL of 0.04M NaOH

User Account

All Pages