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To compute the percent change, divide the (analysis period amount - base period amount) by the _____ and multiply the result by

andrew-mc [135]

To compute the percent change, divide the analysis period amount by the <u>base period amount</u> and multiply the result by 100.

The definition of a percentage change is an increase or reduction in value caused by changes in the old and new numbers. The change can therefore have a positive or negative value.

This is an increase in percentage if your response is a negative number. If you want to determine the percentage increase or reduction of numerous integers. While negative values denote a percentage decline, positive values denote a gain.

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5 0

1 year ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the all

Vaselesa [24]

Answer:

The journal entries are made below;

Explanation:

May 1. Account Receivable-Beijing Palace Co. Dr.$18,900

Sales Revenue Cr.$18,900

Cost of Goods Sold Dr.$11,200

Inventory Stock Cr.$11,200

Aug 30. Cash Dr.$8,000

Bad Debt Expense Dr.$10,900

A/R-Beijing Palace Co. Cr.$18,900

Dec 8. A/R Beijing Palace Dr.$10,900

Bad Debt Expense Cr.$10,900

Cash Dr.$10,900

A/R Beijing Palace Co. Cr.$10,900

6 0

3 years ago

On January 1, 2014, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2014 Glaus purchased $2,400,000 of merchandi

Xelga [282]

Answer: Option (C) is correct.

Explanation:

Given that,

Merchandise inventory(beginning inventory) = $1,200,000

Merchandise purchased = $2,400,000

Sales = $3,000,000

Gross profit rate on sales = 25%

Ending inventory of Glaus:

= Beginning inventory + Purchases - cost of goods sold

= $1,200,000 + $2,400,000 - [sales × (100-25)%]

= $1,200,000 + $2,400,000 - $3,000,000 × 0.75

= $1,200,000 + $2,400,000 - $2,250,000

= $1,350,000

5 0

3 years ago

Cushman company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold o

lesya692 [45]

When solving for the gross profit on a product use:
Gross profit = Sales - Cost of goods sold

Sales = $814,000
Cost of goods sold = $386,650

Gross profit = $814,000 - $386,650
Gross profit = $445,350

3 0

3 years ago

If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced?

fredd [130]

If the consumer price index falls from 120 in 2010 to 116 in 2012, the economy has experienced deflation of 3.33 percent.

Price index, a measure of relative charge adjustments, such as a sequence of numbers organized in order that contrast between the values for any durations or places will show the common exchange in costs among durations or the common distinction in charges between places.

The price index commonly picks a base year and makes that index value identical to a hundred. every different 12 months is expressed as a percentage of that base yr. In this example, allow 2000 to be the base yr: 2000: unique index price became $2.50; $2.50/$2.50 = one hundred%, so the new index price is a hundred.

In most international locations charge indexes are used to measure inflation, every focusing on the charges of a collection of goods and services critical to a selected segment of the financial system.

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7 0

2 years ago