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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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Machinery was purchased for $340,000 on January 1, 2017. Freight charges amounted to $14,000 and there was a cost of $40,000 for
creativ13 [48]

Answer:

$133,600

Explanation:

Straight line depreciation expense = (cost of asset - salvage value) / number of year

Cost of asset = $340,000 + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

The amount of accumulated depreciation at December 31, 2018 =  $66,800 x 2 = $133,600

4 0
2 years ago
Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
kolbaska11 [484]

Answer:

Price of bond = $ 924.50

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  </em>

Value of Bond = PV of interest + PV of RV  

The price of the bond can be worked out as follows:  

Step 1  

PV of interest payments  

annul interest payment = 6.4 % × 1,000 = 64

Annual yield = 7.5%

Total period to maturity (in years) =10

PV of interest =  

64 × (1- (1.075)^(-10)/)/0.075= 439.30

Step 2  

PV of Redemption Value  

= 1,000× (1.075)^(-10) =   485.19

Step 3

Price of bond  

439.30 + 485.19 =$924.49

Price of bond = $ 924.50

7 0
3 years ago
Jeremy is an effective leader who is capable of helping his subordinates complete their tasks. However, he is considered intimid
never [62]

Answer:

Fiedler's contingency theory of leadership effectiveness.

Explanation:

Fiedler's contingency theory of leadership effectiveness states that one's effectiveness as a leader is determined by how leadership can match the situation at hand.

There is no single best way to lead, but leadership style is determined by the situation.

According to Fiedler's contingency theory of leadership effectiveness, leadership style is fixed and leaders will need to be put into situations that best matches their style.

The two important factors to consider in thos theory are leadership style and situational favourableness.

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E2-6 Investment Income LO 2-2, 2-3 What net income would Ravine Corporation have reported for each of the years, assuming Ravine
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Answer: investment Income

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3 years ago
Suppose the government increases the corporate income tax rate. this is
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<span>part of a contractionary fiscal policy</span>
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