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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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sweet [91]

Answer:

I agree

Explanation:

3 0
3 years ago
What is the present value of the following series of cash flows discounted at 12 percent:
Ksju [112]

Answer:

The present value of the following series of cash flows discounted at 12 percent is:

$171,890

Explanation:

a) Data and Calculations:

Discount rate = 12%

$40,000 now;

$50,000 at the end of the first year;

$0 at the end of year the second year;

$60,000 at the end of the third year; and

$70,000 at the end of the fourth year

Future Value  Discount Factor   Present Value

$40,000                 1                      $40,000

$50,000                 0.893             $44,650

$0                           0.797              $0

$60,000                 0.712              $42,720

$70,000                 0.636             $44,520

Total present value                      $171,890

b) The present value is the discounted cash flow from series of future cash flows.  The discount factor is applied to the individual cash flows, based on the number of years before the cash flow occurs.

6 0
3 years ago
Contracts are a form of private law because the terms contained within a contract bind the relevant parties, not the public as a
sasho [114]

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.  

5 0
3 years ago
Given the following information about each economy, either calculate the missing variable or determine that it cannot be calcula
Musya8 [376]

Explanation:

a. Total income formula is:

Y= C+I+G+NX

Y=20.1+3.5+5.2+(-1)

Y= $27.8 billion

b. In closed economies, income is calculated with this formula:

I=Y-C-G

I= 1.5-1-0.8

I= -$0.3 trillion

In open economies, income cannot be calculated because net exports (NX) data is missing.

c. NX is

NX= 576-445-115-81

NX= -$65 billion

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8 0
3 years ago
Its best if you share details of a personal appointment when you need time off work. True False
Reika [66]
I would say false because 'personal' is in the name. Your work doesn't really need to know the exact details (might depend on the business tho). 
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3 years ago
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