this is for "Shawn Adamo" Need help with a chart
Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.
working on it now
sounds good. Again, thank you.
click on CHAD.
F and U are for part 3
is that the first one that is showing?
this is kind of confusing
if you could better explain this I would greatly appreciate it.
1. See net sales?
can you join me?
i am back. Sorry
Shawn are you there?
yes. i'm back
now if you can explain this to me that would be awesome
see net sales?
see how it sent UP from 3146 to 3276?
the diff - increase ia 130,400
is it good or bad if sales increase from 2007 to year 2008?
I would say good!
the F is for part 3 of this assignment
look at interest expense
oh ok. Thats where I was kinda getting confused.
it went up. Bad. Unfavorable..increased expense.
so far so good with the changes from 2007 to year 2008? amounts and %
ok. I see that you have down arrows. Is that meaning a negative?
on the common -size?
sorry. No those arrows just mean decrease
selling expense went down, but that's a good thing to happen. You are spending less.
true. Also I noticed that you had something on part 2 about shift down?
if a good thing (income) increases that great. If a good thing (sales) decreases it's bad.
operating exp line should be blank
move those down 1 line
I started on the wrong line
In 2007net sales is 100%
cogs = 2,008,400
so the operating expense should not have anything in there?
correct blank on the operating exp line
dee how it is blank on the income stmt
Here, on the common size it's all a % of net sales
yes the 4.2 and 3.2 should be there correct?
yes, for net income
each asset is a % of total assets cash/total assets 40,800/1.584,800 2.6
oh ok. Do you plan on being on later tonight?
does it make more sense now?
I am going to plug all of these numbers in and if I have questions I will ask. As I mentioned I have another one that is similar to this that I would like your help with.
It does make more sense
NP. I'll leave you to accept
sounds good. Thanks for all of your help. I will look for you tonight and hopefully get that 2nd one over to you.
On the first set. You have admin expenses with 5.7% with no increase or decrease
and a few below that as well. Just curious about that
5.7% increase not ()
only selling exp and total operating exp decreased
so that would be an increase then?
just not sure if I should put it as an increase or not or just leave it the way you wrote it
yes. in 2007 admin exp was 423,200. In 2008 it was more 447,200. it went UP 24,000
put a + next to ALL the changes that went up.
ok. Thank you
put () around the word (decrease)
at top of column
on PPE - bottom of page- no brackets around the 30,000. it was an increase
property plant and equipment?
ok. Any others that I need to watch for
if you didn't put a (-) it will be a +?
back in a bit.
you still there
ll leave this chat open
Hi. Can I please send you what I have completed so you can take a look at it?
ok. Just give me a minute or so.
Sorry am uploading it right nwo
any suggestions would be great.
I just want to see if someone else can understand it
inventory went DOWN.. D
594 down to 574
put - sign o in front of selling exp and total operating exp
PPE ia a 30,000 INCREASE
correct, do next part and load so i can see it. thx
Shawn, I'm sorry but I don't understand on what you mean by put - sign o in front of selling exp and total operating exp. I see what area your talking about but I don't understand the sign.
I am ready to send you the rest of it to have you look at it.
is the link when your ready
put a negative sign in front of the # XX show a decrease
for total operating expense?
did the 2nd link I sent load ok for you?
and I know that group 1&2 are favorable or unfavorable. Just curious where you think I need to type in the F or U
see how you put -20,000 for invntory? make selling exp -41,200
I mean part 3
might have to retype in section 3
make 17,200 into -17,200 1st part
change that -30,000 into 30,000 on PPE
add % signs to PPE part 2
CPA, PFS, QFP, CGMA