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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%

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Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $5

arlik [135]

Answer:

The financial advantage of processing further = $17,800

Explanation:

1. Sale value if processed further = 8,300 x 13 = $107,900

Sale value if processed further = 8,300 x 10 = $83,000

Incremental revenue = Sale value if processed further - Sale value if processed further = $107,900 - $83,000

Incremental revenue = $24,900

Cost of further processing = $7,100

Incremental profit (loss) = Incremental revenue - Cost of further processing

Incremental profit (loss) = $24,900 - $7,100 = $17,800

Therefore, the financial advantage of processing further = $17,800

3 0

4 years ago

Crane Company had 790000 shares of common stock outstanding on January 1, issued 121000 shares on May 1, purchased 60000 shares

Digiron [165]

Answer:

The weighted average shares outstanding for the year is 859,000.

Explanation:

Jan.1: outstanding shares 790,000: (790,000 x 12) = 9,480,000

May.1: Issued additional 121,000 shares: (121,000 x 8) =968,000

Sep.1: Purchase 60,000 shares of T.S: (60,000 x 4) = (240,000)

Nov.1: Issued additional 50,000 shares: (50,000 x 2) =<u>100,000</u>

= 10,308,000

Note: We take the number of months from the transaction date to the months remaining in the year end.

Weighted Average Outstanding Shares = <u>10,308,000</u>

Weighted Average Outstanding Shares = 859,000

5 0

3 years ago

Read 2 more answers

Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of

mrs_skeptik [129]

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

5 0

4 years ago

Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c

kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0

3 years ago

Shipping Clerk Christina included this sentence in her message to a customer: Pertaining to your returns, we must verify the shi

cricket20 [7]

Answer:

The correct answer is (B)

Explanation:

This is an example of an overly formal language. Overly formal language and formal language are almost similar, but it is recommended to use formal language to better deliver a message or to communicate with a client. The nouns used in the sentences by Christian are overly formal. Overly formal language is difficult to understand due to word choice.

8 0

4 years ago