Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash. You are to write a 4-7 page report that answers the following: 1. Construct Brandywine?s 2007 income statement. 2. What were Brandywine?s 2007 net income, total profit margin, and cash flow? 3. Suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywine?s net income, total profit margin, and cash flow? 4. Explain the difference between cash and accrual accounting. Be sure to include a discussion of the revenue recognition and matching principles. 5. Explain the difference between equity section of a not-for-profit business and an investor-owned business.,please help me out with this answer, I will use you again if I am satisfied. Thanks for your assistance,yes,thanks,Canyou giveme any feedback?,on the assignment.... have you started working on it yet and if so how is it going?,Rachel P, will I be able to see what you have done so far? I need to ease my mind that this is indeed being done. So can I see what you have done.,Ok....,Rachel P, thanks you so much Iappreiate it. will you be able to work with me in the coming week? Please let me know.
Paper#13720 | Written in 18-Jul-2015Price : $25