All categories

3 years ago

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

Business

1 answer:

iris [78.8K]3 years ago

8 0

Answer:

1) Accounts receivable amount = $550,200 - $420,000

Accounts receivable amount = $130,200

% increase = $130,200/$420,000 * 100

% increase = 0.31 * 100

% increase = 31%

2. Inventory amount = $855,600 - $620,000

Inventory amount = $235,600

% increase = $235,600/$620,000 * 100

% increase = 0.38 * 100

% increase = 38%

3. Total asset amount = $2,909,750 - $2,575,000

Total asset amount = $334,750

% increase = $334,750/$2,575,000 * 100

% increase = 0.13 * 100

% increase = 13%

You might be interested in

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g

snow_tiger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 208,500 units.

Sales:

second quarter= 417,000 units

third quarter= 469,000 units

fourth quarter= 289,500 units.

Desired ending inventory= 50% of the next quarter's budgeted sales.

To calculate the production for each quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Second-quarter:

Sales= 417,000

Desired ending inventory= 0.5*469,000= 234,500

Beginning inventory= (208,500)

Total production= 443,000

Third-quarter:

Sales= 469,000

Desired ending inventory= 0.5*289,500= 144,750

Beginning inventory= (234,500)

Total production= 379,250

4 0

3 years ago

The italian dynamic markings traditionally used to indicate very soft, soft, and very loud are respectively _____

tino4ka555 [31]

Music is the worldwide language, but the widely held of Western classical music has been written by composers with markings in Italian. So, in order to follow the composer’s notated musical instructions, a player must embrace a few Italian words into their dictionary, along with their symbols and meanings.So in this case, Pianissimo means very soft which is denoted by pp, Piano means soft which is denoted by p and Fortissimo means very loud which is denoted by ff.

4 0

3 years ago

1. A firm in a competitive market has the following cost structure: Output Total Costs 0 $10 1 $12 2 $15 3 $19 4 $24 5 $30 6 $37

iogann1982 [59]

Answer:

b. 6 units

Explanation:

Output Revenue Costs = Profit ( Revenue - Costs)

0 0 10 = -10

1 8 12 = -4

2 16 15 = 1

3 24 19 = 5

4 32 24 = 8

5 40 30 = 10

6 48 37 = 11

7 56 46 = 10

8 64 55 = 9

9 72 65 = 7

Note: The revenue is calculated by multiplying output by the market price of $8.

The firm should produce 6 units to maximize their profit which is $11.

3 0

3 years ago

A company's income statement showed the following: net income, $134,000; depreciation expense, $40,000; and gain on sale of plan

Dvinal [7]

Answer:

the net cash provided by operating activities is $168,600

Explanation:

Cash flow from operating activities

net income, $134,000

adjust for non-cash items

add depreciation expense, $40,000

less gain on sale of plant assets, $14,000

adjust for changes in working capital

decrease in accounts receivable $11,400

increase in merchandise inventory ($28,000)

increase in prepaid expenses ($8,200)

increase in accounts payable $5,400

net cash provided by operating activities $168,600

4 0

3 years ago

When a company provides services for which cash will not be received until some future date, the company should record the amoun

elixir [45]

Answer:

False

Explanation:

The revenue principle and the matching principles are two principles that help in the determination of the period in which expenses and revenues are recognized. In line with the principle, as long as any revenue is realizable, then such expenses or revenues are recognized. As long as services are rendered or goods transferred, regardless of the time in which the cash is received, revenue is recognized. However, accrued revenue is that which is recognized before receiving cash, while deferred revenue is the revenue recorded or realized after receiving cash.

6 0

3 years ago