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Task1. Brandywine Clinic, a not-for-profit business, had revenues of $12million in 2012. Expenditures other than depreciation totalled 75 percent of revenues, and depreciation expenditure was $1.5 million. All revenues were collected in cash throughout the year, and all expenditures other than depreciation were paid in cash.

problem1. Make Brandywine's income statement of the year 2012.

problem2. What were Brandywine's total profit margin, net income and cash flow?

problem3. Now, assume the company changed its depreciation computation process (still in GAAP) such that its depreciation expense doubled. How would this change influence Brandywine's net income, cash flow and total profit margin?

problem4. Assume the change had halved, rather than doubled, the firm's depreciation expenditure. Now, what would be impact on net income, total profit margin, and cash flow?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M94161

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