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3 years ago

Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis.

Business

1 answer:

malfutka [58]3 years ago

8 0

Answer:

Increase

2020 - 2019 Amount Percentage

Accounts receivable 524,000 400,000 $124,000 31%

Inventory 868,000 620,000 $248,000 40%

Total Assets 3,018,600 2,580,000 $438,600 17%

Percentage increase:

Accounts receivable = 124,000 / 400,000 = 31%

Inventory = 248,000 / 620,000 = 40%

Total Assets = 438,600 / 2,580,000 = 17%

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Order the following steps in the accounting process that focus on analyzing and recording transactions.

Levart [38]

Answer:

Explanation:

For recording the transactions, the first step is to analyze each transaction from the source documents. After that reporting these transactions in a journal form. After that posting the entries to their respective accounts and then it would help to prepare the trial balance

The steps are shown below:

1. Analyze each transaction from source documents.

2. Record relevant transactions in a journal.

3. Post journal information to ledger accounts.

4. Prepare and analyze the trial balance.

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3 years ago

Which tool of monetary policy allows the Federal Reserve to increase the

Alexeev081 [22]

Answer:

C. Reducing the reserve requirement on banks

Explanation:

The Federal Reserve( Fed) expects commercial banks to maintain a percentage of customer deposits in their custody. The amount that the banks keep is known as reserves. The Fed sets the percentage of deposits to be held as reserves. The Fed may adjust this percentage in line with its monetary objectives.

By reducing the reserve requirements percentage, commercial banks remain with a bigger portion of deposits that they lend out. It means banks will issues out more loans to customers. An increase in lending adds more money to the economy. Reducing the reserve requirement increases the money supply in the country.

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4 years ago

How can exchange rates change to reduce the wage differential between countries

andrey2020 [161]

Answer:

The exchange rate is the value for which one currency can be exchanged for another. Thus, for example, 20 Mexican pesos are needed to acquire an American dollar.

Technically, it could happen that a country changes its exchange rate with respect to a hard currency (such as the Dollar or the Euro) through fixed exchange rates, in order to increase the value of the salaries of its citizens, measured in international currencies. For example, if the Mexican government fixed a parity between the dollar and the peso of value 1 to 1, the minimum wage of Mexicans would go from being worth $ 215 to multiplying by 20, that is, to $ 4,300.

Now, in practice, this situation is practically impossible, since it would imply a monetary modification in the country that makes the adjustment, since otherwise it would imply an unprecedented inflationary peak.

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3 years ago

In the context of foreign market entry, _____ requires no equity investment and thus has a low risk, low rate of return, and lit

blagie [28]

Answer:

True

Explanation:

In Indirect exporting the company sells its product to an intermediary who sales either directly to customer or to the wholesaler. Company require no capital investment therefore there no involvement of equity investment. Low risk because all the gains or losses are transferred to intermediary by selling the product. Low rate of return due to intermediary return portion decrease the contribution from the sale of product. There is little control over the market because of the company's absence in foreign market.

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3 years ago

What role do individuals play in a capitalist economy. Detailed answer.

AnnZ [28]

Answer:

Capitalism

Explanation:

Private individuals or firms own economic resources and control their use.

Voluntary trade is the mechanism that drives activity in a capitalist system.

The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services.

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4 years ago