Business Finance
Al Yamamah University Income Statemenet Fiscal Questions

Al Yamamah University

Question Description

I’m studying for my Accounting class and need an explanation.

the file attached

i uploaded a file that has the all the questions

probably 13 questions

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Find the solution sheet attached herewith.

Answer 1.

✓ Salary of the CEO -- will be included as administrative expense
✓ Office supplies - will be included as administrative expense

✓ Utilities in research laboratories - will not be included (its R&D exp)
✓ Depreciation on company jet -- will be included as general expenses
✓ Wages of manufacturing employees -- will not be included
✓ Shipping costs for products delivered to customers -- will be included as selling exp
✓ Pharmaceuticals consumed during trials - will not be included (its R&D exp)
✓ Depreciation on packaging machines - will not be included

Answer 2

2013

2014

2015

Net Sales

19657

100.0%

20247

100.0%

20405

100.0%

R&D Expenses

1371

7.0%

1345

6.6%

1405

6.9%

From the common size analysis we can say that, R&D exp...

AccountsChamp (1005)
Cornell University

Anonymous
Thanks for the help.

Anonymous
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Anonymous
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