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nasty-shy [4]
3 years ago
6

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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25.55 days

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3 years ago
The Poison Apple Diner had an average dinner cover charge of $8.75 during the month of September, when 3,000 atrons were served.
skelet666 [1.2K]

Answer:

0.583

Explanation:

Data provided in the question;

Average dinner charges = $8.75

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Increase in price = $0.50

Final demand = 2,900

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change in demand = 3,000 - 2,900 = 100

Now,

The price elasticity of demand = \frac{\textup{Percentage change in demand}}{\textup{Percentage change in price}}

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Percentage change in demand = \frac{\textup{Change in demand}}{\textup{Initial demand}}\times100\%

= \frac{\textup{100}}{\textup{3000}}\times100\%

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Percentage change in price =  \frac{\textup{Change in price}}{\textup{Initial price}}\times100\%

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