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Sonja [21]
3 years ago
13

Apple Inc. reported revenues of 234 billion USD and net income of 53 billion USD in 2015. These figures represent a stunning ann

ual growth in revenue and net income of 28 percent and 33 percent, respectively, for 2014. This information indicates the importance of using ________ to evaluate company financial performance.
Business
2 answers:
Iteru [2.4K]3 years ago
4 0

Answer:

historical comparison

Explanation:

When you are performing a historical comparison of financial statements, you are comparing the current financial statement against older financial statements of the same company to understand how certain accounts have changed over time and affected the company's financial health and profitability.

In this case, Apple's 2015 financial statements were compared against their past 2014 statements and the growth rates were calculated: revenues grew by 28% and net income grew by 33%. If compared against any industry parameter, this growth rate was exceptional and stunning, but it also is not sustainable in time (if Apple kept growing this way in less than 20 years it would have been larger than the US economy).

When comparing historical information you must also consider future probabilities of the data repeating.

dimaraw [331]3 years ago
3 0

Answer: Historical comparison

Explanation:

Historical comparisons in organizations is when two or more events or cases are compared in order to discover a trend and evaluate the performance of an organization.

Apple Inc. had revenues of 234 billion USD coupled with a net income of $53 billion in 2015 and the figures represent an annual growth in revenue and the net income for 2014 indicated that an historical comparison has been done.

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The activity that brings in the most foreign exchange to Central Africa is <u>Mining</u>.

<h3>How much mining is done in Central Africa?</h3>

Central African nations such as Central African Republic are well known to have a lot of natural resources.

Minerals available include copper, diamonds, limestone, uranium and others. As a result, mining these minerals brings foreign exchange to the region.

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3 years ago
What is a product line? Why are they used and how do companies determine what to use and how to adjust what is being used?
Trava [24]
A product line is a group of related products produced by one manufacturer they use product lines to gauge trend a find out which markets to target they use whatever is being sold the most and go from there
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3 years ago
Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu
vitfil [10]

Answer:

The Journal entries are as follows:

(i) On March 1,

Prepaid insurance A/c Dr. $24,600

        To cash A/c                              $24,600

(To record the purchase of insurance in advance)

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4 0
3 years ago
Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The b
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Answer:

22.22%

Explanation:

The calculation of percentage in sales is shown below:-

Increase in profit required = $25,000 - $15,000

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3 years ago
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