Introduction Brandywine Homecare, a not-for- win business, had revenues of $12 million in 2007. Expenses otherwise than wear and tear measureed 75 percent of revenues, and depreciation outgo was $1.5 million. each revenues were collected in money during the year and both disbursals other than depreciation were paid in hard currency. My report leave behind consist the answers to the following questions: 1. Construct Brandywines 2007 income statement. 2. What were Brandywines 2007 crystalize income, total profit margin, and cash flow? 3. Suppose the company 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 amid cash and accrual accounting. Be sure to include a countersign of the revenue recognition and matching principles. 5. Explain the difference between e quity 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 necessity to get a full essay, order it on our website:
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