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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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Answer:

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Explanation:

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Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households
Firlakuza [10]

Answer:

Resource Market : <u>Sellers (households)</u> sell factors of production to <u>buyers (businesses)</u>, in return of factor incomes.  

Product Market : <u>Sellers (businesses)</u> sell goods & services to <u>buyers (households)</u>, in return of price expenditure for goods & services.

Explanation:

Circular flow of Income is flow of payments & receipts for goods, services & factor services between sectors (firms & households) of economy.

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If you were to make an advertisement using the three word technique what three words would you use
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3 years ago
Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
algol [13]

Answer:

The cost should be recorded for the land is $15,150

Explanation:

In order to calculate the cost should be recorded for the land we would have to calculate the following formula:

cost should be recorded for the land=(Appraised value of land/Appraised value of land and building)*combine cost of land and building

Appraised value of land=$23,000

Appraised value of land and building=$23,000+$103,000=$126,000

combine cost of land and building=$83,000

Therefore, cost should be recorded for the land=($23,000/$126,000)*$83,000

cost should be recorded for the land=$15,150

The cost should be recorded for the land is $15,150

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3 years ago
If average cost is falling, marginal cost must also be falling.<br> True<br> False
Katarina [22]

Answer:

it is true

Explanation:

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