The process of selecting a base year and expressing the amount as a percent of the base year amount is referred to as trend analysis. Percentage change can be calculated between two periods or over a longer period of time.
Percentage change between two periods:
<span> Subtract the earlier year from the later year. A negative difference means the change is a decrease. A positive difference means it is an increase. Then divide the change by the earlier year's balance. </span>
Percentage change over a longer period of time:
<span>1. </span>Select the base year.
<span>2. </span><span>Divide the amount in each nonbase year (for each line item) by the amount in the base year and multiply by 100.</span>
Inventory turnover = Cost of goods sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($20,000 + $40,000) / 2
= $30,000
Inventory turnover = $360,000 / $30,000
= 12 times.
The increase in the domestic price of both imported goods and the domestic substitutes reduces the amount of consumer surplus in the market. Tariff effects on the importing country's producers. ... The increase in the price of their product on the domestic market increases producer surplus in the industry.
Answer:
$503
Explanation:
The computation of the adjusted cash balance is shown below:
As we know that
Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge
= $660 - $130 - $27
= $503
And we do not considered the other two items as they are not impact the cash balance
Basically we applied the above formula
Answer:
a financial checkup should be completed annually.
