Question

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.)
2017 2016
Short-term investments $ 380,410 $ 239,775
Accounts receivable 102,573 106,151
Notes Payable 0 380,410

Answer 1

Answer:

Dollar  changes,

Short term investments  = $140635

Accounts receivable =  -$3578

Notes Payable = -$380410

Percentage Changes,

Short term investments = 58.7%

Accounts receivable = -3.4%

Notes Payable = -100%

Explanation:

The dollar change can simply be calculated as,

Dollar change = New value - Old value

Dollar Change

Short term investments 2017 = 380410 - 239775  = $140635

Accounts receivable 2017 = 102573 - 106151  =  -$3578

Notes Payable 2017 =  0 - 380410   =  -$380410

The percentage changes can simply be calculated as follows,

Percentage change = [(New value - Old value) / Old value] *100  

Percentage changes

Short term investments 2017 = [(380410 - 239775) / 239775] * 100 = 58.7%

Accounts receivable 2017 = [(102573 - 106151) / 106151] * 100 = -3.4%

Notes Payable 2017 =  [(0 - 380410) / 380410] * 100  =  -100%