According to forbes how many billionaires are there?.

Horizontal Analysis Total assets were $1,000,000 in 2019, $900,000 in 2018, and $950,000 in 2017. What was the percentage change

Sergeeva-Olga [200]

Answer:

(a) Decreases by 5.3%.

(b) Increases by 11%.

Explanation:

Given that,

Total assets in 2019 = $1,000,000

Total assets in 2018 = $900,000

Total assets in 2017 = $950,000

Percentage change from 2017 to 2018:

= [(Total assets in 2018 - Total assets in 2017) ÷ Total assets in 2017] × 100

= [($900,000 - $950,000) ÷ $950,000] × 100

= (-$50,000 ÷ $950,000) × 100

= -0.053

= -5.3%

Therefore, the total assets from 2017 to 2018 decreases by 5.3 percent.

Percentage change from 2018 to 2019:

= [(Total assets in 2019 - Total assets in 2018) ÷ Total assets in 2018] × 100

= [($1,000,000 - $900,000) ÷ $900,000] × 100

= ($100,000 ÷ $900,000) × 100

= 0.11

= 11%

Therefore, the total assets from 2018 to 2019 increases by 11 percent.

7 0

3 years ago

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

Kazeer [188]

Answer:

Explanation:

a) Data and Calculations:

Decrease in the price of penguin patties = 5%

Quantity of frizzles sold increase by 4%

Quantity of mookies sold decrease by 5%

Cross-price elasticity of frizzles relative to penguin patties = 4%/-5% = -0.8

Cross-price elasticity of mookies relative to penguin patties = -5%/-5% = 1

Relative to Frizzles Cross-Price Complement Recommend

and Mookie's Elasticity of Demand or Substitute Marketing

Frizzles -0.8 (4%/-5%) Complement with patties

Mookie's 1 (-5%/-5%) Substitute without patties

b) The cross-price elasticity measurements for penguin patties and frizzles and Mookie’s are calculated by taking the percentage changes in the quantity demanded of frizzles and Mookie’s and dividing them by the percentage change in the price of the penguin patties. Complementary goods have a negative cross- price elasticity because as the price of penguin patties decreases by 5%, the demand for the frizzles increases by 4%. Substitute goods have a positive cross-price elasticity because as the price of penguin patties decreases by 5%, the demand for the other good decreases by 5%.

8 0

3 years ago

The sarbanes-oxley act created the ____ to protect the interests of investors and further"

UNO [17]

Answer:

federal laws

Explanation:

The sarbanes-oxley act is a Federal legislation that was passed in the US on 30th July 2002. to reform, protect the accounting and corporate financial sector which includes the interest of the investors. Note: an act consist of written laws and it is made by the legislative arm of the government.

4 0

4 years ago

The following information is needed to reconcile the cash balance for Gourmet Catering Services. * A deposit of $ 5 comma 700 i

vampirchik [111]

Answer:

$18,640

Explanation:

Given that,

Balance as per books = $6,500

Non Sufficient fund checks returned by the banks = $3,200

Bank service charge = $60

The bookkeeper recorded a $ 1,700 check as $ 17,100 in payment of the current month's rent.

Adjusted book balance:

= Balance as per books + Wrong entry - Non Sufficient fund checks returned by the banks - Bank service charge

= $6,500 + ($17,100 - $1,700) - $3,200 - $60

= $18,640

6 0

3 years ago

Equity theory is the principle that when jobs are distinctly different but entail similar levels of ability, responsibility, ski

IrinaK [193]

Answer:

True

Explanation:

The equity theory was developed by Stacy Adams in 1965. It deals with how the employees feel about their jobs and if they believe they are being paid fairly. It states that employees believe that different jobs that require similar skills, abilities, responsibilities and working conditions, should be paid the same amount. If employees believe that they are not being paid fairly, they will lose motivation and their productivity will lower to match the corresponding salary. In other words, if an employee believes he is not getting paid enough for his work, will start to work less to match the actual payment.

8 0

3 years ago