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]
2 years 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]2 years 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]2 years 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
Suppose General Motors charges its Mexican subsidiary $1 million for auto assembly equipment that could be purchased on the open
SIZIF [17.4K]

Answer: Transfer pricing

Explanation:

5 0
2 years ago
Read 2 more answers
If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel
ohaa [14]

Answer:

True

Explanation:

Current and Quick ratio shows the liquidity position of the company. It shows that how much assets are available to company to pay off its liabilities if it becomes due in short period of time. High current and quick ratio make the company strong and it will have enough asset to deal with its obligation than with low current and quick ratio.

4 0
2 years ago
Following top-down methods is used when projects closely follow past projects in regard to features and costs of those features,
Hatshy [7]

Answer: Apportionment

Explanation: Apportionment is also known as analogous estimating which is used when projects closely follow past projects in features and costs. As a result, in addition to good historical data, estimates regarding project feature, cost and duration can be made quickly, with little effort and reasonable accuracy to various segments of the current project. The method of apportionment is very common in projects that are relatively standard, but with little variation or customisation.

4 0
2 years ago
George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i
Damm [24]

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

3 0
2 years ago
Mojo Mining has a bond outstanding that sells for $2,201 and matures in 21 years. The bond pays semiannual coupons and has a cou
Ann [662]

Answer:

the after tax cost of debt is 3.90 %.

Explanation:

The Cost of debt is the rate required on the bond and this is calculated as follows :

PV = - $2,201

n = 21 × 2 = 42

PMT =  ($2,000 × 7.38 %) ÷ 2 = $73.80

P/YR = 2

FV = $2,000

r = ?

Using a Financial Calculator, the Pre-tax Cost of debt, r is 6.4963% or 6.50 % (2 decimal places)

After tax cost of debt = Interest rate × (1 - tax rate)

                                   = 6.50 % × (1 - 0.40)

                                   = 3.90 %

5 0
2 years ago
Other questions:
  • The primary purpose of the legal reserve requirement is to:
    9·1 answer
  • Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat
    10·1 answer
  • U.S. company buys inventory from a supplier in Canada and pays for the inventory in Canadian dollars (C$). The inventory is conv
    15·1 answer
  • What may be the opportunity cost of buying apples?​
    6·1 answer
  • Gordon has already worked 40 hours this week and is asked to come in to work again. Gordon is a manager who constantly has to ma
    12·2 answers
  • In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe
    9·1 answer
  • Ben Anderson, the head of product development and product management at Recycline, says that at Recycline, "if you're interested
    5·1 answer
  • g Last year Thomson Inc's earnings per share (EPS) were $3.50, and its growth rate during the prior 5 years was 6.6% per year. I
    5·1 answer
  • Prior to being banned in 2002 by the McCain-Feingold Act, unlimited monetary contributions that were earmarked for party-buildin
    14·1 answer
  • The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $97,456. The bank statement indicated a balance o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!