Income statement data for winthrop company for two recent years ended december 31 are as follows: current year previous yearsales $2,280,000 $2,000,000cost of goods sold 1,960,000 1,750,000gross profit $320,000 $250,000selling expenses $156,500 $125,000administrative expenses 122,000 100,000total operating expenses $278,500 $225,000income before income tax $41,500 $25,000income tax expense 16,600 10,000net income $24,900 $15,000a. prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. (round percentages to one decimal place.) b. what conclusions can be drawn from the horizontal analysis?

Show the changes to the t-accounts for the federal reserve and for commercial banks when the federal reserve buys $50 million in u.s. treasury bills. if the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system), the minimum reserve ratio is 10%, and banks hold no excess reserves, by how much will deposits in the commercial banks change? by how much will the money supply change? show the final changes to the t-account for commercial banks when the money supply changes by this amount.

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.