O newconnect.mheducation.com/flow/connect.html pter 17-Homework 6 Exercise 17-5

Question

O newconnect.mheducation.com/flow/connect.html pter 17-Homework 6 Exercise 17-5 Determination of Income effects from common-slze and trend percents LO P1, P2 and trend percents for Rustynal Company's sales, cost of goods sold, and expenses follow ts Conmon-Size PercentsTrend Percents 20172016215 2017 28162815 see.es 1ee.es 1ee.es 104.9% 1e3.7% 1ee.e% Sales Cost of goods soi6 Total expenses 63.4 61.256.3118.1 112.7 1ee.a 14.4 13.914.21865 181.s 1ee.e Determine the net income for the following years. (Enter all amounts as positive values.) 2016 2015 Sales 3 100 000 66 300 14 200 29 600

Explanation / Answer

2017 2016 2015 a Sales $ 1,04,900 $ 1,03,700 $ 1,00,000 b Cost of goods sold $ 66,490 $ 63,450 $ 56,300 c Total Expense $ 15,123 $ 14,413 $ 14,200 (a - b - c) Net Income $ 23,287 $ 25,837 $ 29,500 Workings: 2017 2016 Sales $1,00,000 X 104.9% $1,00,000 X 103.7% Cost of goods sold $56,300 X 118.1% $56,300 X 112.7% Total Expense $14,200 X 106.5% $14,200 X 101.5%

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