Answer and Explanation:
The vertical analysis is presented below:
Comparative Balance Sheet
<u>Particulars Dec 31, 2020 Percentage Dec 31, 2019 Percentage
</u>
(a) [(a) ÷ $3200000] × 100 (b) [(b) ÷ $3000000] ×100
Accounts
receivables $400,000 12.5% $400,000 13.3%
Inventory $864,000 27.0% $600,000 20.0%
Total Assets $3,200,000 100.0% $3,000,000 100.0%
Answer: The correct answer is c) It does not provide for everyoned.
Explanation:
In a market economy, the problem is that we are not born with the same opportunities, nor the possibility of accessing the same factors of production, nor are we equally qualified in all fields. That is, those who are born in a family with less economic resources, or simply are not enabled in activities that have more benefits, are at a disadvantage compared to the rest of the individuals. These inequalities end up generating inequalities in income distribution.
Answer:
Correct option is (d)
Explanation:
Current liabilities are part of obligations of the organization that it needs to meet within one year. Current maturities of long term debt represents that part of long term debt such a bonds or loans that need to be paid of in the current financial year.
It is shown as a separate item in the balance sheet as it is paid off using highly liquid asset such as cash.
Answer:
Depreciation for
2017 = $2,540
2018 = $10,160
Explanation:
Provided, Total cost of the machine = $77,980
Estimated salvage value = $6,860
Therefore, value to be depreciated = $77,980 - $6,860 = $71,120
Total life of asset = 7 years
Depreciation for the year 2017 = October to December = 3 months

Depreciation for the year 2018 =
= $10,160
Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.
Final Answer
Depreciation for
2017 = $2,540
2018 = $10,160
I think reading panel is the correct option
Hope this helps
-AaronWiseIsBae