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

The authors describe "writing programs" as:

GrogVix [38]

<span>I would think being an author they would view writing as fun and creative. writing programs if they are fun and creative would draw more people in and they would find a way to be creaitve and have fun at the same time.</span>

5 0

3 years ago

Eugene Co. has inventory it purchased for $6,000. It sells the inventory to a customer for $10,000, including installation. Inst

Scrat [10]

Answer:

The necessary entries would be:

Dr Accounts receivable $11,000

Cr Sales revenue $10,000

Cr Deferred revenue $,1000

Explanation:

Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.

This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.

5 0

3 years ago

Read 2 more answers

When starting a small business, it's important to remember:?

charle [14.2K]

When starting a small business it is very important to remember to take into account your employees point-of- view

6 0

2 years ago

Deadweight loss is A. the reduction in consumer expenditure resulting from market failure. B. the reduction in economic surplus

never [62]

Answer:

The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.

Explanation:

Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.

For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.

Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).

5 0

3 years ago

Fiona is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstor

Viefleur [7K]

Answer:

These are the options for the question:

a. specialty-line wholesalers.

b. assemblers.

c. full-service stockers.

d. in-store maintainers.

e. rack jobbers.

And this is the correct answer:

c. full-service stockers.

Explanation:

Fiona is a full-service stocker, or retail stocker. A retail stocker is a person who is responsible for organizing (stocking) products in the shelves of a retail space (a large store, a supermarket, a convenience store).

Retail stocker also help customers by giving directions within the store, or by helping elderly, disabled, and other people reach products that they might not be able to reach by themselves.

7 0

3 years ago