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Horizontal-Vertical-Analysis
vertical and horizontal analysis for subject AE1/VCM
Course
Accountancy
999+ Documents
Students shared 15764 documents in this course
University
STI College
Academic year: 2022/2023
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FinManPreview text
Amount Amount
Less: Sales returns and allowances 3960 2950.
Net Sales ₱ 391,040 ₱ 282,050.
Purchases less returns and allowances 95100 75000.
Total Cost of merchandise available for sale ₱ 137,100 ₱ 128,000.
Less: Merchandise inventiry, March 31 52200 53000.
Cost of goods sold ₱ 84,900 ₱ 75,000.
Gross Profit ₱ 306,140 ₱ 207,050.
Total operating expenses ₱ 18,831 ₱ 18,086.
Net Income before federal income tax ₱ 287,309 ₱ 188,964.
Federal income tax ₱ 14,500 ₱ 13,105.
Net Income after federal income tax ₱ 272,809 ₱ 175,859.
Company -
- Sales ₱ 395,000 ₱ 285,000. Revenue
- Less: Sales returns and allowances 3960 2950.
- Net Sales ₱ 391,040 ₱ 282,050.
- Merchandise inventory, January 1 ₱ 42,000 ₱ 53,000. Cost of goods sold
- Purchases less returns and allowances 95100 75000.
- Total Cost of merchandise available for sale ₱ 137,100 ₱ 128,000.
- Less: Merchandise inventiry, March 31 52200 53000.
- Cost of goods sold ₱ 84,900 ₱ 75,000.
- Gross Profit ₱ 306,140 ₱ 207,050.
- Delivery expenses ₱ 560 ₱ 250. Operating Expenses
- Depreciation expenses-equipment
- Payroll taxes expenses
- Salary expenses
- Supplies expense
- Telephone expense
- Utilities expense
- Total operating expenses ₱ 18,831 ₱ 18,086.
- Net Income before federal income tax ₱ 287,309 ₱ 188,964.
- Federal income tax ₱ 14,500 ₱ 13,105.
- Net Income after federal income tax ₱ 272,809 ₱ 175,859. - For Years Ended December 31, 2021 and Horizontal Analysis INCOME STATEMENT
Amount Percent
₱ 110,000 39%
1010 23%
₱ 108,990 39%
-11000 -21%
20100 27%
9,100 7%
-800 -2%
9900 13%
99090 48%
310 124%
0 0%
172 60%
38 0%
-135 -31%
-30 -14%
390 33%
745 4%
98345 52%
1395 11%
96950 55%
Increase or Decrease
% of Net Sales Amount % of Net Sales
101% ₱ 285,000 101%
1% 2950 1%
100% ₱ 282,050 100%
10% ₱ 53,000 18%
24% 75000 26%
35% ₱ 128,000 45%
13% 53000 18%
21% ₱ 75,000 26.
78% ₱ 207,050 73%
0% ₱ 250 0%
1% 4200 1%
0% 286 0%
2% 11500 4%
0% 435 0%
0% 215 0%
0% 1200 0%
4% ₱ 18,086 6%
73% ₱ 188,964 67%
3% ₱ 13,105 4%
69% ₱ 175,859 62%
2021 2020
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Horizontal-Vertical-Analysis
Course: Accountancy
999+ Documents
Students shared 15764 documents in this course
University: STI College
Was this document helpful?
2021 2020
Amount Amount
Revenue
Sales
395,000.00
₱
285,000.00
₱
Less: Sales returns and allowances
3960.00
2950.00
Net Sales
391,040.00
₱
282,050.00
₱
Cost of goods sold
Merchandise inventory, January 1
42,000.00
₱
53,000.00
₱
Purchases less returns and allowances
95100.00
75000.00
Total Cost of merchandise available for sale
137,100.00
₱
128,000.00
₱
Less: Merchandise inventiry, March 31
52200.00
53000.00
Cost of goods sold
84,900.00
₱
75,000.00
₱
Gross Profit
306,140.00
₱
207,050.00
₱
Operating Expenses
Delivery expenses
560.00
₱
250.00
₱
Depreciation expenses-equipment
4200
4200
Payroll taxes expenses
458
286
Salary expenses
11538
11500
Supplies expense
300
435
Telephone expense
185
215
Utilities expense
1590
1200
Total operating expenses
18,831.00
₱
18,086.00
₱
Net Income before federal income tax
287,309.00
₱
188,964.00
₱
Federal income tax
14,500.00
₱
13,105.00
₱
Net Income after federal income tax
272,809.00
₱
175,859.00
₱
Company
Horizontal Analysis INCOME STATEMENT
For Years Ended December 31, 2021 and 2020
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