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Rashid [163]
3 years ago
12

To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current ye

ar's amount, subtract the prior year's amount, then divide by ______, and finally multiply the result by 100.
Business
1 answer:
Makovka662 [10]3 years ago
7 0

Answer:

the prior year's amount

Explanation:

In financial statements when measuring performance increase the percentage change in various financial statement lines are usually used.

Financial statement lines are individual items on financial statements. For example current assets, current liabilities, and sales.

The percentage change aims to compare increase in a financial statement line item against the previous year's amount.

This will give an idea of how much increase has occurred on previous performance.

So it is calculated by deducting previous year amount from current year amount, then divide by the previous year amount and multiply by 100

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Heritage, inc., had a cost of goods sold of $45,821. At the end of the year, the accounts payable balance was $8,773. How long o
Aliun [14]

<u>Calculation of Days Payable Outstanding:</u>

Days Payable Outstanding can be calculated using the following formula:

Days Payable Outstanding = (Accounts

Payable *365) / Cost of Goods Sold

= (8,773*365)/45,821

= 69.88

Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average<u> 69.88 </u>days to the company to pay off its suppliers during the year.





3 0
3 years ago
Detroit Corporation sued Chicago Corporation for intentional damage to Detroit's goodwill. Detroit had created its goodwill thro
Grace [21]

Answer:

d. The $1,500,000 is not taxable because Detroit settled the case

Explanation:

The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.

8 0
3 years ago
Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Diff
Mamont248 [21]

The two primary varieties of price restrictions are known as price ceilings and price floors respectively.

<h3>What exactly are these pricing controls?</h3>

Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.

Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.

Read more about Price controls

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3 0
2 years ago
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card u
Sergeeva-Olga [200]

The level of each variable measured is (1)  the type of credit card is Nominal variable or a categorical variable which comes under multiple categories.(2) the amount (in dollars) of each purchase is ration variable it can have both discrete it starts at a fixed zero point.

Explanation:

  • There are four levels of measurement, while analyzing data of columns.
  • Nominal,Ordinal, Interval and ratio.
  • Nominal each row of that particular column has specific identification.
  • Nominal can have classification race,gender,ethnicity.
  • Ordinal data is based on the ranking system, order or list.
  • Numbers are still used arbitrary.
  • Interval distance between the numbers Celsius,Fahrenheit and kelvin.
  • Ratio data has an absolute zero point non-arbitrary, It is measuring .
  • Blood pressure is a common example of ratio data.
3 0
3 years ago
A primary reason cited by wysocki why doubling the number of people to a task does not reduce the overall duration of the projec
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Because the all or some could me working different way then others<span />
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3 years ago
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