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3 years ago

Horizontal analysis evaluates a series of financial statement data over a period of time:

Business

1 answer:

Neko [114]3 years ago

6 0

Answer:

C. to determine the amount and/or percentage increase or decrease.

Explanation:

Horizontal analysis is a method used in financial statement analysis to compare financial ratios, or line items, over a number of accounting periods.

Financial information can be compared with a benchmark.

By making this comparison, one can determine if financial information been compared have increased or deceased.

I hope my answer helps you

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i need help ASAP!!!! Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before pre

igor_vitrenko [27]

Answer:

b)$34.45

Explanation:

Gratuity is similar to a service charge.

If the bill is $191.40, and gratitude of 18 percent will be added.

The actual gratitude amount that will be added will be equal to

18% of the $191.40 bill.

=18/100 x $191.40

=0.18 x 191.40

= $34.45

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3 years ago

Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for

7nadin3 [17]

In economics, the invisible hand is a metaphor used by Adam Smith to describe ... Smith may have come up with the two meanings of the phrase from Richard Cantillon ... In this work, however, the idea of the market is not discussed, and the word ... In alternative models, forces which were nascent during Smith's life, such as ... and ....

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3 years ago

How does the business cycle affect consumers? check all that apply.

kiruha [24]

Answer:

The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.

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2 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

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3 years ago

Suppose that fertilizerfertilizer is necessary to produce wheatwheat. if the price of fertilizerfertilizer fallsfalls, the supp

asambeis [7]

Answer: Shift to the right

Explanation:

Fertilizers are an important input in wheat production. When the price of fertilizers fall, it leads to a decrease in cost of producing wheat. Thus, producers will supply more wheat in the market. As a result the supply curve for wheat will shift to the right leading to a fall in the price of wheat and an increase in the quantity of wheat sold in the market.

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3 years ago