Introduction Brandywine Homecare, a not-for- acquire business, had revenues of $12 million in 2007. Expenses other than wear and tear measureed 75 percent of revenues, and depreciation depreciate was $1.5 million. each revenues were collected in money during the year and whole outgos other than depreciation were paid in bullion. My report impart consist the answers to the following questions: 1. Construct Brandywines 2007 income statement. 2. What were Brandywines 2007 winnings income, total profit margin, and cash flow? 3. Suppose the play along adjustmentd its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywines net income, total profit margin, and cash flow? 4. Explain the difference betwixt cash and accrual accounting. Be sure to include a countersign of the revenue recognition and matching principles. 5. Explain the difference between equity section of a not-for-profit business and an investor-owned business. 1. Construct Brandywines 2007 income statement.
|Brandywine Homecare | | | |Income educational activity | | | |Year Ended December 31, 2007 | | ! | | | | | | | | | |Revenues: | | | |...If you desire to get a full essay, order it on our website:
BestEssayCheap.comIf you want to get a full essay, visit our page:
cheap essay
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.