The income statements for Urban Outfits, Inc. are presented below: Urban Outfits, Inc. Income Statements Year Ended December 31

Current Year Prior Year
Sales Revenue $851,559 $785,412
Cost of Goods Sold 430,511 400,148
Gross Profit 421,048 385,264
Operating and Other Expenses 151,904 138,560
Interest Expense 8,450 23,700
Income Tax Expense 54,800 52,700
Net Income $205,894 $170,304

Required:
Prepare a horizontal analysis of the income statement above.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?