1. Give a brief analysis of the data found, what are the differences? what can be done to increase growth for the business in the next year?

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...
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MSC Global Shipping Company

 

Tax Rate

COMPARITIVE INCOME STATEMENT

 

30%

for years ended 31 December

   
     

2021

Increased by 3/4%

2022

   

Revenues and gains

         

*Sales revenue

 

179,000

75%

313,250

   

*Interest revenue

 

414,000

75%

724,500

   

*Investment Income

 

48,100

75%

84,175

   

*Other revenue

 

106,730

75%

186,778

   

Total revenue and gains

$747,830

 

$1,308,703

   
               

Expenses and losses

 

Decreased by 1/2%

     

**Cost of goods sold

450,000

50%

225,000

   

**Selling and admin administrative

31,540

50%

15,770

   

***Computer (operating)

75,000

50%

37,500

   

**Depreciation

 

36,500

50%

18,250

   

**Interest expense

 

39,000

50%

19,500

   

Total expenses and losses

 $      632,040

 

$316,020

   

Income before taxes

115,790

 

992,683

   

Income tax expense (30%)

34,737

 

297,805

   

Net Income

 

$81,053

 

$694,878

   

1. Give a brief analysis of the data found, what are the differences? what can be done to increase growth for the business in the next year?

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