Question

Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal place.)
2015 2014
Short-term investments $ 380,168 $ 239,377
Accounts receivable 102,276 105,903
Notes payable 0 93,973
Answer the table below.
Horizontal Analysis-Calculation of Percent Change
Choose Numerator: / Choose Denominator
Percent Change = /
2015 2014 Dollar Change Percent Change
Short-term investments $ 378,398 $237,313 %
Accounts receivable 100,704 104,650 %
Notes payable 0 91,913 %

Answer 1

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

Accounts  

receivable  $102,276    $105,903      -$3,627                     -3.42%

Notes

payable        0                $93,973      -$93,973                    -100%