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
Lelechka [254]
1 year ago
14

Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t

o 0 decimal place, e.g. 17%.)
Increase or (Decrease)
December 31, 2017 December 31, 2016 Increase or (Decrease) Amount Percentage
Accounts receivable $ 375,000 $ 300,000 $ __________ ___________ %
Inventory 780,000 600,000 ____________ ___________ %
Total assets 3,220,000 2,800,000 __________ __________ %
Business
2 answers:
frozen [14]1 year ago
8 0

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

xxMikexx [17]1 year ago
3 0

Answer:

  • 25%
  • 30%
  • 15%

Explanation:

Accounts receivables

December 31 2017 = $375000

December 31 2016 = $300000

difference = $75000 ( 25%)  { increase}

Inventory

December 31 2017 = 780000

December 31 2016 = 600000

difference = 180000 ( 30% ) { increase}

Total assets

December 31 2017 = 3220000

December 31 2016 = 2800000

difference = 420000 ( 15% ) { increase }

You might be interested in
Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

6 0
1 year ago
Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibili
german

Explanation:

The flood will lead to the destruction of the resources in the country.This will result in the shifting of the PPC curve leftward in the economy.

Earlier PPC is represented by PP curve.After the floods and destruction of resources,the curve shifts to P1P1.It is due to the availability of the number of possible combinations which decreases with the destruction of resources.

6 0
1 year ago
Lana owns a house worth $325,000 and has a mortgage of $245,000. She owns a guitar worth $750. She also owns a car worth $15,000
diamong [38]

Answer:

$96,850

Explanation:

The net worth refers to the value of all the assets owned by a person or entity minus the value of all the liabilities. In Lana's case the assets are:

House $325,000

Guitar $750

Car $15,000

Stock investments $8,000

Savings Account $2,100

Total value of assets: $350,850

Lana's Liabilities:

Mortgage $245,000

Car loans $9,000

Total value of liabilities: $254,000

So, Lana's net worth would be:

$350,850-$254,000= $96,850

8 0
1 year ago
Read 2 more answers
You run a school in Florida. Fixed monthly cost is $5,371.00 for rent and utilities, $5,502.00 is spent in salaries and $1,071.0
oee [108]

Answer:  You will be indifferent when the total number of student is 20 (approx).

Explanation:

Let the number of student be x

Total profit from first operation:

= Charge per student × x - rent - salaries - insurance - Students stationary

= 725x - 5,371 - 5,502 - 1,071 - 99x

= 626x - 11,944

Total profit from second operation:

= Charge per student × x - rent - salaries - insurance - Students stationary

= 1169x - 10,110 - 6,928 - 2,339 - 177x

= 992x - 19377

At point of indifference,

Profit from first operation = profit from second operation

626x - 11,944 = 992x - 19377

366x = 7,433

 x = 20.30 or 20 (Approx)

Hence, you will be indifferent when the total number of student is 20 (approx).

6 0
2 years ago
Read 2 more answers
Ambrin Corp. expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receive $3,500 per
mash [69]

Answer:

The approximate present value = $24294

Explanation:

Given the annuity or expected amount for 10 years = 2000 dollars

The corporation expects the amount for next 10 years = $3500

Discount rate or interest rate = 8%

Present value = (2000 × PVIFA at 8%, 10 YEARS) + (3500 × PVIFA at 8%, 10 YEARS × PVIFat 8%, 10 YEARS)

Present rate = (2000 × 6.710) + (3500 × 6.710 X 0.463)

= $24293.6 or  $24294 (round off)

7 0
1 year ago
Other questions:
  • 1. Heather and Joe want the lowest interest rate for their residential mortgage. Which financial institution is designed to offe
    10·1 answer
  • Which statement describes an hourly wage job? a. Each paycheck is the exact same regardless of number of hours worked. b. Each p
    13·2 answers
  • Gehrig is the office manager of a business with 20 employees. He gives the employees their work, attempts to organize them into
    11·1 answer
  • Chuck Stout is the RM for the Holiday Inn Express. His 220-room property normally sells 85 percent of its rooms on Tuesday night
    9·1 answer
  • Hopscotch​ Limited, a manufacturer of a variety of​ products, uses an activityminusbased costing system. Information from its sy
    6·1 answer
  • An electronics store has a current inventory of 50 stereo systems. The lowest priced stereo system in the store sells for $800,
    12·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit bal
    14·1 answer
  • Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts
    15·1 answer
  • Carter Motor Company, claims that its new sedan, the Libra, will average better than 23 miles per gallon in the city. Assuming t
    15·1 answer
  • Joseph lost $5,000 after engaging in a work-from-home scam. What action should he take to seek retribution?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!