I need help this this ASAP

Use the following information to do a horizontal analysis of Rae Company's income statement for the current year and prior year

Lina20 [59]

Answer:

B, 29%

Explanation:

Dollar change in cost of goods sold = Current year cost of goods sold - Prior year cost of goods sold

Dollar change in costs of goods sold = $387,000 - $300,000 = $87,000

Percentage change in cost of goods sold = Dollar change in cost of goods sold / Prior year cost of goods sold

Percentage change in cost of goods sold = $87,000 / $300,000 = 0.29

6 0

4 years ago

What is the meaning of dialogue

sleet_krkn [62]

Answer:

it is a communication that permits people to share their honest opinions even those which have,historically, been difficult to discuss in ways that get ideas out on the table but without offending others

3 0

3 years ago

Read 2 more answers

Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:

Y_Kistochka [10]

Answer:

1. $35,830

2. B) No, since ROI will be lowered.

3. $13 per DL

Explanation:

1. Present value of inflows = $146,000*Present value of annuity factor (10%,6)

Present value of inflows = $146,000 * 4.355

Present value of inflows = $635,830

Net present value = Present value of inflows - Present value of outflows

Net present value = ($635,830 - $600,000)

Net present value = $35,830.

So, the net present value for Project Nuts is $35,830.

2. ROI = Net income / Investment

ROI = (100000-60000-40000) / 150000

ROI = 0%

The ROI required is 25%. Hence, the new project should not be accepted as ROI will be lowered.

3. Direct labor price Variance = Actual hours (AR - SR)

$10,500 = 10,500 (AR - $12)

$10,500 = 10,500 AR - $126,000

AR = $10,500 + $126,000 /10,500

AR = $13 per direct labor hour.

So, the actual rate of pay for direct labor is $13 per DLH.

4 0

3 years ago

All of the following statements are true EXCEPT:_________.

ale4655 [162]

Answer:

D. the demand for Nike running shoes is less elastic than the demand for shoes.

Explanation:

In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes

So, the option d is correct

6 0

3 years ago

1. A interest rate that does not change during the life of the loan is a

Kisachek [45]

Answer:

1,C. Fixed

2.D. Variable

Explanation:

A fixed-rate loan has an interest rate that doesn't change throughout the life of the loan. Because the rate remains the same for the entire term, the monthly loan payment shouldn't change, resulting in a relatively low-risk loan. As you compare loan options, note whether or not loans feature fixed rates

.A floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument.

6 0

3 years ago