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

Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8

kobusy [5.1K]

Answer:

Interest Payable - 2021 = $6653.33 rounded off to 6653

Explanation:

The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.

Interest Payable - 2021 = 499000 * 8% * 2/12

Interest Payable - 2021 = $6653.33 rounded off to 6653

8 0

3 years ago

Where would revenue be maximized for a company facing a linear demand curve

Bond [772]

Answer:

at equilibrium point

Explanation:

equilibrium when price is reasonable to both sellers and buyers. They are willing to buy and sell at optimal quantity, so that firm can maximize revenue

3 0

3 years ago

Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The res

muminat

Answer:

$90; $900

Explanation:

Given that,

Amount of deposits = $100

Required reserve ratio = 10%

Required reserves:

= Amount of deposits × Required reserve ratio

= $100 × 10%

= $10

Excess reserves = Deposits - Required reserves

= $100 - $10

= $90

Money multiplier:

= 1/ Required reserve ratio

= 1/ 0.1

= 10

Money Supply:

= Amount of excess reserves used for lending × Money multiplier

= $90 × 10

= $900

The money supply could eventually grow by as much as $900.

3 0

3 years ago

Business incubators provide assistance to established companies attempting to generate foreign sales.

svetlana [45]

Business incubators assist established companies attempting to generate foreign sales. This statement is false.

<h3>What is Business?</h3>

The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).
Additionally, it includes "any activity or enterprise undertaken for profit."
The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.

<h3>What do you mean by the company?</h3>

A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
Members of the company work together for a shared cause to accomplish clearly stated objectives.
Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.

Learn more about Business here:

brainly.com/question/15826771

#SPJ4

7 0

2 years ago

In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.

Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

While the market for lettuce sells identical items, there are many buyers and sellers

7 0

3 years ago