Introduction Brandywine Homecare, a not-for- win business, had revenues of $12 million in 2007. Expenses other than than wear and tear measureed 75 percent of revenues, and depreciation disbursement was $1.5 million. each revenues were collected in money during the year and entirely disbursals other than depreciation were paid in cash. My report leave behind consist the answers to the following questions: 1. Construct Brandywines 2007 income statement. 2. What were Brandywines 2007 give the sack income, total profit margin, and cash flow? 3. Suppose the beau monde adjustmentd its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywines net income, total profit margin, and cash flow? 4. Explain the difference amidst cash and accrual accounting. Be sure to include a interchange of the revenue recognition and matching principles. 5. Explain the difference b etween equity section of a not-for-profit business and an investor-owned business. 1. Construct Brandywines 2007 income statement.
|Brandywine Homecare | | | |Income educational activity | | | |Year Ended December 31, 2007 |! | | | | | | | | | | |Revenues: | | | |...If you pauperism to get a full essay, order it on our website:
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