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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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It is frequently possible to test the physical inventory prior to the balance sheet date whenA.the internal control system is no

rusak2 [61]

Answer: C.the perpetual inventory records are accurate and related controls operate effectively

Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date. An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.

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3 years ago

The August 31 balance shown on the bank statement is $9,813.

Andrej [43]

Answer:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

Explanation:

Preparation of a bank reconciliation as of August 31

Balance per bank on August 31 $9,813

Add Deposit in transit $1,263

Less Outstanding checks ($1,877)

Adjusted Balance per bank $9,199

Balance per books on August 31 $9,371

Add Interest earned $116

Less Bank charge ($35)

Less Error in Books ($253)

($626-$373)

Adjusted Balance per books $9,199

Therefore the bank reconciliation as of August 31 will be:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

7 0

2 years ago

A group of fifty homeschooling parents in New Jersey get together and form a nonprofit membership organization for the purpose o

Furkat [3]

Answer: Cooperative

Explanation:

A cooperative is an independent association of people united voluntarily in order to meet their common economic, cultural and social needs and through a jointly owned enterprise.

A cooperative society is a group of people who possess specific common needs. The purpose of a cooperative society is to improve the economic status of its members. Cooperative societies usually offer their products to their members at a discount.

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3 years ago

The National Bureau of Economic Research is an independent, ______ organization not found within the government that observes an

Firlakuza [10]

Answer:

Private organisation

Explanation:

The National Bureau of Economic Research is a private organisation that disseminates economic research to academic communities, business professionals, and policy makers.

NBER's aim is to make sure there is greater understanding of how the economy works. It studies the effects of government policies on the economy, makes quantitative models of economic behaviour, and uses new statistical measurement tools.

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3 years ago

Required: a. How many customer records are stored in the database? b. List customers who live in New York. c. List customers wit

Feliz [49]

Answer:

a- How many customer records are stored in the database

SQL Command for knowing number of customer records are stored is

SELECT COUNT(Customer Name) FROM tbl Customer ;

b- List customers who live in New york.

SQL Command for knowing number of customers who live in New york

SELECT Customer State, FROM tbl Customer WHERE CITY = 'New york' ;

c- List customers who credit limits grater than $50,000.

SQL Command for knowing number of customers who's credit limit is grater than $50,000

SELECT Customer Credit Limit, FROM tbl Customer WHERE Credit limit > 50,000 ;

d. List sales transaction made in July - 18

SQL Command for knowing sales in July - 18

SELECT InvoiceDate, FROM tbl Sales ;

e. What the number of total sales transactions made to each customer

5 0

2 years ago