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Anestetic [448]
3 years ago
10

Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Dec

reases should be indicated by a minus sign.)
Year
2021 2020
Cash $322,960 $880,000
Accounts receivable 702,240 280,000
Inventory 897,780 780,000
Long-term assets 3,536,680 2,380,000
Total assets $5,459,660 $4,320,000
Business
1 answer:
True [87]3 years ago
3 0

Answer:

Find attached

Explanation:

Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.

For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.

Formula:

change in a particular line item=(current year amount/previous year)-1

Download xlsx
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The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
Shkiper50 [21]

Answer:

  • <em><u>The CPI for the current year is    104.49   </u></em>

<em><u /></em>

Explanation:

A) Expenditure breakdown of the base year:

You must check that they add 100%

  • Food and beverages:               17.8%
  • Housing:                                   42.8%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                               5.7%
  • Entertainment:                              4.4%
  • Other goods, and services:       5.8%
  • Total                                          100.0%

Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100

Thus, the CPI of the base year is 100.

<u>B. Expenditure breakdown of the current year.</u>

Calculate the changes by adding the percent of increase to each item tha has changed.

1. <u>The prices of food and beverages have increased by 10 percent</u>:

  • 17.8% × 1.10 = 19.58%

2.<u> The price of housing has increased by 5 percent</u>:

  • 42.8% × 1.05 = 44.94%

3. <u>The price of medical care has increased by 10 percent</u>:

  • 5.7% × 1.10 = 6.27%

The other prices are unchanged.

Then, the new breakdown is:

  • Food and beverages:               19.58%
  • Housing:                                   44.94%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                              6.27%
  • Entertainment:                              4.4%
  • Other goods, and services:        5.8%
  • Total                                           104.49%

Of course the new total is not 100%.

  • 19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49

That means that the price of the total basket of products has increased from 100 to 104.49.

Thus, <u>the CPI of the current year is 104.49 ← answer</u>

8 0
3 years ago
Luther Industries has no debt, a total equity capitalization of $20 billion, and a beta of 1.8. Included in Luther's assets are
lakkis [162]

Answer:

2400000000

Explanation:

4 0
2 years ago
Jane currently has $5,000 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a posit
diamong [38]

Answer:

Change in M1 $400

Changd in M2 $0

Explanation:

The money which is been held by individuals in savings accounts is part of the M2 money supply, but its not part ofthe M1 money supply.

Hence when Jane withdraws $400 cash from her savings account,the M1 money supply will increases by $400. However, the M2 money supply does not tend to change reason been that the M1 money supply is included as part of the M2 money

Change in M1 $400

Changd in M2 $0

7 0
3 years ago
Blowing Sand Company has just received a one-time offer to purchase 10,000 units of its Gusty model for a price of $22 each. The
VLD [36.1K]

Answer:

a. Accept the order

b. Increase in short-term profit of $50,000

Explanation:

<em>Note : Blowing Sand has "enough excess capacity" this means that fixed cost will be the same in the range or they will be ocurred whether or not the special order is accepted.</em>

Therefore fixed costs are Irrelevant for this decision.

<u>Incremental Costs and Revenues - accept the special order</u>

Sales ( 10,000 units × $22 each)                               $220,000

<em>Less</em> Variable Costs ( 10,000 units × $17each)         ($170,000)

Net Income                                                                  $50,000

The special order will result in an increase in short term profit of $50,000. Therefore, Blowing Sand Company should accept the order.

8 0
3 years ago
Read 2 more answers
A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita
Alex17521 [72]

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

7 0
2 years ago
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