What phase of the business cycle would be marked by an increase in productivity while employment and profits also rise

In horizontal analysis the percent change is computed by: Multiple Choice Subtracting the analysis period amount from the base p

GalinKa [24]

Answer:

Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, and then multiplying that amount by 100.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). It can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

There are two (2) main methods used in financial accounting for analyzing financial statements and these are;

I. Vertical analysis.

II. Horizontal analysis.

Horizontal analysis compares historical financial informations over a number of reporting periods.

In horizontal analysis the percent change is computed by subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, and then multiplying that amount by 100.

3 0

3 years ago

The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.

julsineya [31]

Answer:

1. Insurance expires at the rate of $450 per month.

Dr Insurance expense 450

Cr Prepaid insurance 450

2. A count of supplies shows $1,140 of unused supplies on May 31.

Dr Supplies expense 1,460

Cr Supplies 1,460

3. (a) Annual depreciation is $2,880 on the building.

Dr Depreciation expense 240

Cr Accumulated depreciation, building 240

(b) Annual depreciation is $2,280 on equipment.

Dr Depreciation expense 240

Cr Accumulated depreciation, equipment 190

4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)

Dr Interest expense 168

Cr Interest payable 168

5. Unearned rent of $2,510 has been earned.

Dr unearned revenue 2,510

Cr Rent revenue 2,510

6. Salaries of $880 are accrued and unpaid at May 31.

Dr Wages expense 880

Cr Wages payable 880

6 0

3 years ago

When preparing a consolidated balance sheet, the noncontrolling interest amount is:

Margarita [4]

Answer:C - Generally presented as a part of stockholders' equity

Explanation: The non controlling interest amount is generally presented in the consolidated financial statement as part of stakeholders equity. The non controlling interest is also known as the minority interest. The non controlling interest arises where the parent company has less than 100% ownership in the business.

5 0

3 years ago

Christine is an unemployed stenographer who cannot find work in Florida. There are several companies hiring stenographers in New

DiKsa [7]

Answer:

Option (b) is correct.

Explanation:

Cyclical unemployment refers to the unemployment that occured because of the fall in the demand for goods and services in an economy. It is largely affected by the fluctuations in economic growth of a country. When the overall demand for goods and services are not matched with the full employment in an economy. This unemployment is mostly occured when the economy of a country is contracting.

8 0

3 years ago

Which of the following clauses states that full payment of damages to structures under the homeowners policy will be made only i

Andrews [41]

Answer: coinsurance clause

Explanation:

A coinsurance clause is a provision in the home insurance policy which requires the individual to carry coverage that is worth a certain percentage of the home's value. The failure to meet requirement will reduces the compensation after a loss.

Under the coinsurance clause, the insurance company will reimburses the value of damages to an insured asset for at least 80% of the replacement value of the asset. The reinsurance clause allows an insurer to take the reinsurance based on the original insurance.

3 0

3 years ago