Floatlin Company Has the Following Income Statements Available $\quad$ $\quad$

question 65

Essay

Floatlin Company has the following income statements available:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Floatlin Company }$
$\quad$ $\quad$ $\quad$ $\quad$$\text { Comparative Statements of Income }$
$\text { For the Years Ending December } 31,2 \times 13 \text { and } 2 \times 12$

$\quad$$\begin{array}{lrr}&\underline{2 X 13}& \underline{2 X} 12 \\\text { Sales } & \$ 750 & \$ 690 \\\text { Cost of Goods Sold } &\underline{ 440 }& \underline{400}\\\text { Gross Profit } & \$ 310 & \$ 290 \\\text { Less: Operating Expenses } & \underline{220} & \underline{205}\\\text { Operating Income } & \$ 90 & \$ 85 \\\text { Less: Income Tax Expense } & \underline{40} & \underline{37} \\\text { Net Income } & \underline{\$ 50}& \underline{\underline{48}}\end{array}$
Determine the increase or decrease in dollars and percentage for each line in the income statement.

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Definitions:

Most Basic Personality System

a conceptual term that could refer to the fundamental aspects or mechanisms underlying human personality.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality, playing a key role in decision making and sense of self.

Id

In Freudian psychoanalytic theory, the part of the human psyche that is the source of instinctual impulses and demands for immediate satisfaction of basic needs.

Free Association

A psychoanalytic therapy technique where patients are encouraged to voice thoughts without censorship as they occur.