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3 years ago

Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis.

Business

1 answer:

7nadin3 [17]3 years ago

5 0

Answer:

Ramirez Company comparative balance sheet

2014 2013

Particulars Amount Percent Amount Percent

Accounts receivable 535,000 17.05% 450,000 16.62%

Inventory 792,000 25.24% 606,000 22.39%

Other Assets 1,811,000 57.71% 1,651,000 60.99%

Total assets 3,138,000 100% 2,707,000 100%

2014 Workings

Account receivables= 535,000 / 3,138,000 * 100 = 17.05%

Inventory= 792,000 / 3,138,000 * 100 =25.24%

Other Assets= 1,811,000 / 3,138,000 * 100 = 57.71%

2013 Workings

Account receivables= 450,000/2,707,000 * 100= 16.62%

Inventory=606,000/2,707,000 * 100= 22.39%

Other Assets=1,651,000/2,707,000 * 100= 60.99%

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For the year, Peggy Grey's Cookies had net income of $8,110. The firm paid out 30 percent of the net income to its shareholders

slamgirl [31]

Answer:

$2,933

Explanation:

The company had a net income of $8,110, and paid 30% of it to its shareholders, therefore:

$8,110 x 0.30 = $2,433.

But it also repurchased $500 worth of common stock, and this is to be distributed among the sharedholders as well, thus:

$2,433 + $500 = $2,933

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3 years ago

Republic Resorts owns numerous hotels on each of the Hawaiian Islands. The company's performance reporting system is structured

iris [78.8K]

Answer:

The best depiction of the information level given to a department manager versus that reported to a company vice-president is:

Department Manager Company Vice-President

B. Somewhat detailed Somewhat summarized

Explanation:

At the operational level of the organization, the information requirement is for detailed data to help the department manager act on operational decisions. At the tactical level where the vice-president operates, the information requirement is for data that is somewhat summarized but not too detailed. The highest level of the organizational hierarchy is the strategic level, where information requirement concentrates on detailed reports and not detailed data but highly summarized data.

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3 years ago

. The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2010, they each buy 100 heads of

EastWind [94]

Answer:

a. For 2010 =$325 For 2011 = $445

b. 136.92%

c. 38.89%

Explanation:

a. The computation of the price of each vegetable is shown below:

For year 2010:

= Cauliflower price + broccoli price + carrots price

= $200 + $75 + $50

= $325

For year 2011:

= Cauliflower price + broccoli price + carrots price

= $225 + $120 + $100

= $445

b. The computation of CPI is shown below:

= (2011 Price ÷ 2010 Price) × 100

= ($445 ÷ $325) × 100

= 136.92%

c. The inflation rate is shown below:

= (2011 per total vegetables price - 2010 per total vegetables price) ÷ 2010 per total vegetables price

= ($5.00 - $3.60) ÷ $3.60

= 38.89%

Per vegetable price = (Price of each vegetable ÷ number of each vegetable)

For 2010:

Cauliflower = ($200 ÷ 100) = $2

Broccoli = ($75 ÷ 50) = $1.5

Carrots = ($50 ÷ 500) = $0.10

The total would be $3.60

For 2011:

Cauliflower = ($225 ÷ 75) = $3

Broccoli = ($120 ÷ 80) = $1.5

Carrots = ($100 ÷ 500) = $0.50

The total would be $5.00

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3 years ago

Evaluate various ethical issues walmart has faced and how the company respond to stakeholders

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The claims of creditors against the assets are

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Liabilities and owner's equity

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3 years ago