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zimovet [89]
2 years ago
5

2017 2016 (a) Accounts receivable $ 175,000 $ 140,000 (b) Retained earnings 30,000 (14,000 ) (c) Sales revenue 855,000 750,000 (

d) Operating expenses 170,000 200,000 (e) Income taxes payable 11,000 10,000 Using horizontal analysis, show the percentage change from 2016 to 2017 with 2016 as the base year
Business
1 answer:
Schach [20]2 years ago
3 0

Answer:

Percentage Change = (Amount in 2017 - Amount in 2016) / Amount in 2016

a. Accounts Receivable

= (175,000 - 140,000) /140,000

= 25%

b. Retained earnings

= (30,000 - (-14,000)) / 14,000

= 314%

c. Sales revenue

= (855,000 - 750,000) / 750,000

= 14%

d. Operating expenses

= (170,000 - 200,000) / 200,000

= -15%

e. Income taxes payable

= (11,000 - 10,000) / 10,000

= 10%

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Answer:

$40

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3 years ago
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
arlik [135]

Answer:

7 years (to the nearest year)

Explanation:

Given that;

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t = time

r = rate

A =3P(given in the question)

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A = P(1 + r)^t

Substituting values;

3P = P(1 + 18/100)^t

3P/P= (1.18)^t

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t = log 3/log 1.18

t = 0.4771/0.0719

t = 6.6 years

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3 0
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Georgia, the outside sales rep for a major building supply company, reads a report stating that building permits are down dramat
Rus_ich [418]

Answer:

(B) Advice the production and purchasing department to produce or order smaller quantities of products.

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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