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3 years ago

Perform a horizontal analysis on the following information providing both the dollar amount and percentage change.

Business

1 answer:

Vera_Pavlovna [14]3 years ago

6 0

Answer and Explanation:

The computation of the percentage of each amount is as follows;

<u>Particulars 2020 Change Percentage of change </u>

a b (b ÷ a) × 100

Cash $170,000 $500,000 294%

Accounts Receivable $710,000 $270,000 38%

Inventory $520,000 $190,000 37%

Long Term Assets $2,100,000 -$200,000 -9.52%

Total Assets $3,500,000 $760,000 21.71%

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Hilliard Neutraceuticals and Ahrens Vitamins, Inc., have high market commonality, both geographically and in the market segments

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Answer:

B. Ahrens will respond aggressively because of the high market commonality between Hilliard and Ahrens

Explanation:

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3 years ago

Why do the us government intervene in the economy during the finanacial crisis in 2008

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3 years ago

A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and

Greeley [361]

Answer:

Actual overhead cost for the current period is $950,000,

Actual direct labor cost is $600,000.

Applied overhead cost = 150 % $600,000 = $ 900,000

<h2><u> Overhead </u></h2><h3><u>Dr Cr</u></h3>

Actual Applied

$ 950,000 $ 900,000

<u />

Underapplied Overhead $ 50,000

Journal Entry

This method is used mostly as it easy and short

Cost of Good Sold $ 50,000 Dr.

Manufacturing Overhead $ 50,000 Cr.

But actual entry is

Direct LAbor Cost WIP $ 600,000

Actual Overhead $ 900,000

Cost of goods Sold $ 50,000

Manufacturing Overheads 1550,000

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Explanation:

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3 years ago