answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kow [346]
2 years ago
8

At the end of Year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance s

heet showed $40,000 in cash. A horizontal analysis of the balance sheets would show the absolute difference between the two years as:
Business
1 answer:
san4es73 [151]2 years ago
8 0

Answer:

$20,000

Explanation:

When a financial statement analysis technique shows the changes of income statement or balance sheet items over the period of time with the same financial statements, it is called Horizontal Analysis. It shows the firm's capability of either increasing or decreasing of assets or expenses over the period. Here,

                                      Balance Sheet

Account Title      Year 1        Year 2        Changes (Increase/Decrease)

Cash                 $20,000    $40,000         $20,000 Increase

You might be interested in
What is an action that will not help you activate your network?
neonofarm [45]

Answer:

Help a friend finish her college application

Explanation:

All these actions will help me activate my network :-

  • Ask for an informational interview at your favorite company
  • Get coffee with an alumnus from your high school
  • Read a detailed book about your dream job

Except :-

  • Help a friend finish her college application
8 0
2 years ago
A vessel operator is involved in an accident where someone requires medical attention beyond simple first aid. how long does the
devlian [24]
The answer is: 48 hours
If the vessel operator is knowingly aware of the situation and decided not to file a written report for the victim, the vessel operator will be exposed to several risk of crime if the wound managed to took the victim's life because the court will seem him/her as responsible in the death
8 0
2 years ago
Carlos is a 25% owner of CEBJ Builders, a company that specializes in residential construction. The other 75% of CEBJ is owned b
yulyashka [42]

Answer:

$99,500

Explanation:

Adjusted gross income before considering the rental loss $118,000.

Less generated a loss of $18,500

Adjusted gross income $99,500

Carlos qualifies under the real estate professional exception due to the fact that he spends more than 50% of his personal service time in real property trade and the amount of time spent in real property trade is higher than 750 hours, he is as well the sole owner and spends more than 100hours.

Therefore the rental activity is not considered passive and he is allowed to offset the $18,500 loss against his active and portfolio income which is why Carlos'sadjusted gross income after considering the loss is $99,500 ($118,000 -$18,500)

7 0
2 years ago
An antique cabinet is being sold by means of an English auction. There are four bidders, Gloria, Elise, Judy, and Arabella. Thes
fomenos

Answer and Explanation:

The English auction is a unique process of selling items, under which the auction starts at a low price and goes up to the maximum price and the item is sold to the highest bidder.

In this situation, Judi makes the highest bid which is worth $1,800, therefore, the cabinet will be sold to Judi at price $1,800 .

5 0
2 years ago
With the exception of malpractice, liability for torts committed by others in a firm cannot be imposed on the shareholders of
miskamm [114]

Answer:

A Professional Corporation.

Explanation:

3 0
1 year ago
Other questions:
  • Benny surveyed a group of individuals from diverse backgrounds regarding his company’s latest advertisement. He found that the p
    12·2 answers
  • Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's marke
    11·1 answer
  • Jane Smith has $20,000 in a brokerage account, and she plans to contribute an additional $7,500 to the account at the end of eve
    15·1 answer
  • If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
    11·1 answer
  • Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns
    12·1 answer
  • Provide an argument of why an organization should design and implement a Benefits Plan that complements its overall corporate vi
    13·1 answer
  • 6. Many supermarkets carry plain packages that only identify the name of the product that is inside. For example, a label may re
    13·1 answer
  • A customer is looking for a particular brand of sunscreen and has not been able to find it in the store. He approaches you and a
    5·1 answer
  • A local family-run Greek restaurant has been a part of the community for twenty years. Their mission is to provide local, fresh,
    11·1 answer
  • A random telephone survey of 1021 adults (aged 18 and older) was conducted by Opinion Research Corporation on behalf of Complete
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!