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Iteru [2.4K]
3 years ago
14

Use this balance sheet to do horizontal analysis of the Howard Company. 2019 2018 amount percent Assets Current Assets $13,000 $

10,000 Plant Assets $44,000 $50,000 Total Assets $57,000 $60,000 Liabilities $11,000 $20,000 Stockholders' Equity $46,000 $40,000 Total Liabilities and Equity $57,000 $60,000 What is the percent increase or decrease for current assets
Business
1 answer:
Diano4ka-milaya [45]3 years ago
5 0

Answer: 30%

Explanation:

The the percent increase or decrease for current assets will be:

= Increase in current asset / Old current asset × 100

= (13000 - 10000) / 10000 × 100

= 3000/10000 × 100

= 30%

Therefore, the Percent increase in he current asset is 30%

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A combination of news covered by the media that boosts sales without having to pay is best described by the term ________.
Mashcka [7]
<span>A combination of news covered by the media that boosts sales without having to pay is best described by the term public relations.
Public relation is a key correspondence process that constructs mutually beneficial connections amongst associations and their public.We can also define Public relations as the act of overseeing correspondence between an association and its public.</span>
3 0
3 years ago
Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with
Volgvan

Answer: $546

Explanation:

The amount realized by Roberta in the exchange will be gotten through the addition of the fair value of the stock that was acquired to the liability that's assumed by the corporation. This will be:

Fair value of stock acquired = $356

Add: Liability assumed by corporation = $190

Amount realised = $356 + $190 = $546

5 0
3 years ago
Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing process. Variable costs are $
kirill [66]

Answer:

Incremental cost= $61,875

Explanation:

Giving the following information:

Gelb Company currently manufactures 49,500 units per year of a key component for its manufacturing process. Variable costs are $5.15 per unit, fixed costs related to making this component are $75,000 per year, and allocated fixed costs are $70,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.90 per unit

We need to determine whether it is more convenient to produce the component or outsource it. We will only consider the relevant costs, therefore the fixed costs will not be taken into account.

Make in house:

Cost= 49,500*5.15= $254,925

Buy:

Cost= 49,500*3.90= $193,050

Incremental cost= 254,925 - 193,050= $61,875

8 0
3 years ago
Cox Co. accounts for its inventory using the LIFO cost method. An inventory loss from a permanent market decline of $360,000 occ
kirill115 [55]

Answer:

$360,000

Explanation:

Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.

An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.

The loss reported in May will be reported for that quarter in June.

8 0
3 years ago
Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bonds) from the non-bank publi
9966 [12]

Answer: $25 billion

Explanation:

The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:

= Deposit into banking system * Money multiplier

Money multiplier = 1 / Required reserve ratio

= 1 / 20%

= 5

Checkable deposit increase:

= 5 billion * 5

= $25 billion

8 0
2 years ago
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