Compare amounts from a recent year to a base year and identify growth trends.
Explanation:
Horizontal analysis (also defined as pattern analysis) is a method for the study of financial reporting that indicates improvements in the sums of the respective financial statements over a span of time. This is a valuable method for determining patterns. Statements over two or more cycles shall be required over lateral study.
In a horizontal analysis, you equate transactions with one another over time periods — in eg, accounts receivable (A / R) in 2014 and A / R in 2015.
To conduct a vertical report, pick an investment account (comparable to gross revenue) and add all balance sheet funds as a ratio.
Answer:
$50,000
Explanation:
Since Tinsel Co.’s balances in allowance for credit losses were $70,000 at the beginning of the current year and $55,000 at year end.
If during the year, receivables of $35,000 were written off as uncollectible, the amount that Tinsel should report as credit loss expense at year end is $50,000 and this is derived by
Opening balance .................................... 70,000
Add: Receivables written off .............. .35,000
less: Closing balance .............................<u>(55,000)</u>
= Amount of credit loss for the year - <u>50,000</u>
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Answer:
In order to let customers know about this product, an advertising campaign should emphasize on marketing.
Explanation:
Marketing is a tool that can be used to reach more people and also offer better services at a good price at the same time. For marketing to work effectively for your product, one has to utilize effective marketing strategies as follows;
- Conduct proper research on the target audience; the target audience is the potential customers that this product is to be sold to. Adequate and proper research on the target audience is necessary to determine their preferences in terms of product quality, price and product accessibility. Other preferences can also be determined depending on the scope of the research
- Create a blog or website for your product; blogs or websites can be created to provide information about your product online. This means that anyone who has access to a computer or a smart phone with good internet can easily get information about your products and possibly buy.
- Market your product through social media; social media has become a global market due to the huge number of social media users. One can simply create a social media account, and connect with a number of potential customers. The campaign team can even decide take sample pictures of the shirts and share them to potential customers. The team will also need to include additional information concerning the product.
- Offer discounts; everyone loves to pay less for a product. So a carefully determined discount can attract more customers to the product since a lower price will attract additional customers that maybe could not afford the product prior to the discount.
All these marketing strategies if well implemented can take a business a long way in terms of sales.
Answer: comparative advantages
Explanation:
Comparative advantages order refers to a method of organizing persuasive speeches whereby the speaker gives points on how the solution to a particular problem is preferable than other solutions that are proposed l.
It is a way of structuring a persuasive speech when the audience knows that there's a challenge regarding a particular thing but wants to be convinced that a particular plan is the best solution when compared to other plans.
In this case, since the speaker is trying to tell the audience that carbon tax is a better solution than an emission trading system to the problem of industrial pollution, then this is referred to as comparative advantage order.
Answer:
B
Explanation:
A firm is an organisation that is created to make profit. They transform resources into products
They include :
- corporations
- limited liabilities
- partnerships
