Re-read the riddle at the beginning of the lesson. This riddle has been the subject of great debate over the years as the riddle is said to have multiple answers. Determine which of the following could be considered a reasonable answer to the riddle. Justify your reasoning.

A. 1

B. 30

C. 2,403

D. 2,802

In this item, simplify the following expression. Write final answer in exponential form without negative exponents.

$$3^3 \cdot 3^{-6}$$

In this item, simplify the following expression. Express your answer in exponential form.

$$\frac{r^7}{r^{12}}$$

In this item, simplify the following expression.

$$\frac{r^9}{r}$$

In this item, simplify the following expression. Express your answer in exponential form.

$$\frac{2^4}{2^7}$$

What is informal writing in a description?

In this item, simplify the following expression. Write final answer in exponential form without negative exponents.

$$\frac{k^{-5}}{k^2}$$

Simplify the following expression using the division of exponents rule: $\frac{x^4}{x^2}$.

Simplify the following expression with zero as the exponent.

83,567$^0$

Use this table to determine the number of kittens in the riddle-in expanded form, exponential form, and standard form. Expanded form is expressing the number in terms of multiplication, exponential form is expressing the number with a base and exponent, and standard form is the product.

Describe any patterns you observe in the table.

In this item, simplify the following expression. Express your answer in exponential form.

$$3^5 \cdot 3^4$$

What is personal development? Why is it important?

For 2014, Lindell Company reported its most significant decline in net income in years. At the end of the year, H. Finn, the president, is presented with the following condensed comparative income statement:

$$\begin{array}{c} \textbf{Lindell Company}\\ \textbf{Comparative Income Statement}\\ \textbf{For the Years Ended December 31, 2014 and 2013}\\ \end{array}$$

$$\begin{array}{lrr} \hline &\textbf{2014}&\textbf{2013}\\ \hline \text{Sales}& \$1,092,500 &\$950,000\\ \text{Sales returns and allowances}& 57,500 &50,000\\ \text{Net sales}& \$1,035,000 &\$900,000\\ \text{Cost of goods sold}& 625,000 &500,000\\ \text{Gross profit}& \$ 410,000 &\$400,000\\ \text{Selling expenses}& \$ 153,600 &\$120,000\\ \text{Administrative expenses}& 97,600 &80,000\\ \text{Total operating expenses}& \$ 251,200& \$200,000\\ \text{Income from operations}& \$ 158,800 &\$200,000\\ \text{Other income}& 15,000 &10,000\\ \text{Income before income tax}& \$173,800 &\$210,000\\ \text{Income tax expense}& 23,000 &20,000\\ \text{Net income}& \$ 150,800 &\$190,000\\ \end{array}$$

Instructions

1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 2013 as the base year. Round to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).

For 2014, Macklin Inc. reported its most significant increase in net income in years. At the end of the year, John Mayer, the president, is presented with the following condensed comparative income statement:

$$\begin{array}{c} \textbf{Macklin Inc.}\\ \textbf{Comparative Income Statement}\\ \textbf{For the Years Ended December 31, 2014 and 2013} \end{array}$$

$$\begin{array}{lrr} \hline{\text{\hspace{35pt}}}&\textbf{2014}\hspace{10pt}&\textbf{2013}\hspace{10pt}\\\hline \text{Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .}&\$\text{\hspace{10pt}{936,000}}&\$\text{\hspace{10pt}{720,000}}\\ \text{Sales returns and allowances . . . . . . . . . . . .}&\underline{\text{\hspace{20pt}26,000}}&\underline{\text{\hspace{20pt}20,000}}\\ \text{Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .}&\$\text{\hspace{10pt}{910,000}}&\$\text{\hspace{10pt}{700,000}}\\ \text{Cost of goods sold . . . . . . . . . . . . . . . . . . . . }&\underline{\text{\hspace{15pt}441,000}}&\underline{\text{\hspace{15pt}350,000}}\\ \text{Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . }&\text{\underline{\$\hspace{10pt}{469,000}}}&\text{\underline{\$\hspace{10pt}{350,000}}}\\ \text{Selling expenses . . . . . . . . . . . . . . . . . . . . . .}&\$\text{\hspace{10pt}{139,150}}&\$\text{\hspace{10pt}{115,000}}\\ \text{Administrative expenses . . . . . . . . . . . . . . }&\underline{\text{\hspace{20pt}99,450}}&\underline{\text{\hspace{20pt}85,000}}\\ \text{Total operating expenses . . . . . . . . . . . . . .}&\text{\underline{\$\hspace{10pt}{238,600}}}&\text{\underline{\$\hspace{10pt}{200,000}}}\\ \text{Income from operations . . . . . . . . . . . . . . .}&\$\text{\hspace{10pt}{230,400}}&\$\text{\hspace{10pt}{150,000}}\\ \text{Other income . . . . . . . . . . . . . . . . . . . . . . .}&\underline{\text{\hspace{20pt}65,000}}&\underline{\text{\hspace{20pt}50,000}}\\ \text{Income before income tax . . . . . . . . . . . . . }&\$\text{\hspace{10pt}{295,400}}&\$\text{\hspace{10pt}{200,000}}\\ \text{Income tax expense . . . . . . . . . . . . . . . . . . }&\underline{\text{\hspace{20pt}65,000}}&\underline{\text{\hspace{20pt}50,000}}\\ \text{Net income . . . . . . . . . . . . . . . . . . . . . . . . .}&\underline{\underline{\$\hspace{10pt}\text{230,400}}}&\underline{\underline{\$\hspace{10pt}\text{150,000}}}\\ \end{array}$$

Instructions

1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 2013 as the base year. Round to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).