Use the Following Information to Analyze BobKat Equipment Sales

question 42

Essay

Use the following information to analyze BobKat Equipment Sales.Calculate any profit measures deemed necessary in order to discuss the profitability of the company. BobKat Equipment Sales
Income Statement
For the Years Ended Dec. 31,2015 and 2014
$\begin{array}{lrr}&2015&2014\\\text { Net sales } & \$ 124,000 & \$ 138,000 \\\text { COGS } & 90,000 & 95,000 \\\text { Gross profit } & \$ 34,000 & \$ 43,000 \\\text { General and administrative expenses } & 31,000 & 36,000\\\text { Operating profit } & \$ 3,000 & \$, 000 \\\text { Interest expense } & \$(1,000) & (1,000) \\\text { Earnings before taxes } & \$ 2,000 & \$ 6,000 \\\text { Income taxes } & 800 & 1,800\\\text { Net income }&\$1,200&\$4,200\end{array}$

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Definitions:

Goal-Directed Behaviors

Actions taken by an individual or organism with the intention of achieving a specific outcome or fulfilling a particular purpose.

Bindra

A theorist known for contributing to the understanding of motivation and emotion through the concept of drive reduction.

Positive Incentives

Rewards or benefits that motivate individuals to perform certain actions or behaviors.

Negative Incentives

Penalties or undesirable outcomes that are used to discourage certain behaviors or decisions.